THALASSA HLDG.NEW DL-01 (TH2P) - Net Assets
Based on the latest financial reports, THALASSA HLDG.NEW DL-01 (TH2P) has net assets worth €10.39 Million EUR (≈ $12.15 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.96 Million ≈ $12.82 Million USD) and total liabilities (€573.51K ≈ $670.49K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TH2P asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €10.39 Million |
| % of Total Assets | 94.77% |
| Annual Growth Rate | -2.34% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.43 |
THALASSA HLDG.NEW DL-01 - Net Assets Trend (2021–2024)
This chart illustrates how THALASSA HLDG.NEW DL-01's net assets have evolved over time, based on quarterly financial data. Also explore THALASSA HLDG.NEW DL-01 asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for THALASSA HLDG.NEW DL-01 (2021–2024)
The table below shows the annual net assets of THALASSA HLDG.NEW DL-01 from 2021 to 2024. For live valuation and market cap data, see THALASSA HLDG.NEW DL-01 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €10.39 Million ≈ $12.15 Million |
+12.85% |
| 2023-12-31 | €9.21 Million ≈ $10.76 Million |
-10.60% |
| 2022-12-31 | €10.30 Million ≈ $12.04 Million |
-7.67% |
| 2021-12-31 | €11.15 Million ≈ $13.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to THALASSA HLDG.NEW DL-01's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 335572800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €18.02 Million | 173.44% |
| Total Equity | €10.39 Million | 100.00% |
THALASSA HLDG.NEW DL-01 Competitors by Market Cap
The table below lists competitors of THALASSA HLDG.NEW DL-01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Soligenix Inc.
NASDAQ:SNGX
|
$3.93 Million |
|
Gentrogroup Co. Ltd.
KQ:083660
|
$3.93 Million |
|
Antelope Enterprise Holdings Ltd
NASDAQ:AEHL
|
$3.93 Million |
|
VivoSim Labs, Inc.
NASDAQ:VIVS
|
$3.94 Million |
|
Sherpa II Holdings Corp
V:SHRP
|
$3.93 Million |
|
E. Pairis S.A
AT:PAIR
|
$3.93 Million |
|
Ragusa Minerals Ltd
AU:RAS
|
$3.93 Million |
|
SPOBAG AG
F:SBE
|
$3.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in THALASSA HLDG.NEW DL-01's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,206,379 to 10,389,796, a change of 1,183,417 (12.9%).
- Net loss of 1,014,120 reduced equity.
- New share issuances of 716,814 increased equity.
- Other factors increased equity by 1,480,723.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.01 Million | -9.76% |
| Share Issuances | €716.81K | +6.9% |
| Other Changes | €1.48 Million | +14.25% |
| Total Change | €- | 12.85% |
Book Value vs Market Value Analysis
This analysis compares THALASSA HLDG.NEW DL-01's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.14x to 0.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1.40 | €0.20 | x |
| 2022-12-31 | €1.30 | €0.20 | x |
| 2023-12-31 | €1.16 | €0.20 | x |
| 2024-12-31 | €0.62 | €0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently THALASSA HLDG.NEW DL-01 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.02x
- • Equity Multiplier: 1.06x
- Recent ROE (-9.76%) is below the historical average (-7.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.10% | 329.41% | 0.01x | 1.61x | €-658.59K |
| 2022 | -14.08% | -489.89% | 0.02x | 1.28x | €-2.48 Million |
| 2023 | -9.69% | -166.44% | 0.04x | 1.34x | €-1.81 Million |
| 2024 | -9.76% | 0.00% | -0.02x | 1.06x | €-2.05 Million |
Industry Comparison
This section compares THALASSA HLDG.NEW DL-01's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $6,883,404,104
- Average return on equity (ROE) among peers: 6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| THALASSA HLDG.NEW DL-01 (TH2P) | €10.39 Million | 4.10% | 0.06x | $3.93 Million |
| Petrolia SE (0PE) | $39.01 Million | -4.02% | 0.64x | $30.70 Million |
| TechnipFMC PLC (1T1) | $3.17 Billion | 1.77% | 2.04x | $23.79 Billion |
| Honghua Group Limited (4HB) | $4.18 Billion | -29.67% | 1.41x | $188.57 Million |
| Anton Oilfield Services Group (5AO) | $3.42 Billion | 5.74% | 1.87x | $291.71 Million |
| HILONG HOLDING LTD HD-10 (8HL) | $3.26 Billion | 0.87% | 1.48x | $39.87 Million |
| GAZTR.TECHNI.U.ADR1/5EO01 (9TG0) | $461.47 Million | 75.37% | 0.77x | $7.76 Billion |
| China Oilfield Services Limited (CO9) | $39.90 Billion | 5.90% | 0.93x | $1.91 Billion |
| CIMC Enric Holdings Limited (E8F) | $12.37 Billion | 9.00% | 1.23x | $2.52 Billion |
| GULF MARINE SVCS LS -02 (G0M) | $262.71 Million | 11.80% | 1.57x | $241.95 Million |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $1.77 Billion | -11.90% | 0.86x | $27.18 Million |
About THALASSA HLDG.NEW DL-01
Thalassa Holdings Limited, a holding company, engages in the research and development of autonomous underwater vehicles. The company was incorporated in 2007 and is based in Road Town, the British Virgin Islands.