SFL Corporation Ltd (UG6) - Net Assets
Based on the latest financial reports, SFL Corporation Ltd (UG6) has net assets worth €991.59 Million EUR (≈ $1.16 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.85 Billion ≈ $4.50 Billion USD) and total liabilities (€2.86 Billion ≈ $3.34 Billion 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. Also explore total assets of SFL Corporation Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €991.59 Million |
| % of Total Assets | 25.75% |
| Annual Growth Rate | -0.22% |
| 5-Year Change | 41.82% |
| 10-Year Change | -9.13% |
| Growth Volatility | 13.25 |
SFL Corporation Ltd - Net Assets Trend (2014–2024)
This chart illustrates how SFL Corporation Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see UG6 stock market capitalisation.
Annual Net Assets for SFL Corporation Ltd (2014–2024)
The table below shows the annual net assets of SFL Corporation Ltd from 2014 to 2024. Explore cash flow conversion of SFL Corporation Ltd to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.13 Billion ≈ $1.32 Billion |
+8.57% |
| 2023-12-31 | €1.04 Billion ≈ $1.22 Billion |
-4.75% |
| 2022-12-31 | €1.09 Billion ≈ $1.28 Billion |
+11.09% |
| 2021-12-31 | €982.33 Million ≈ $1.15 Billion |
+23.46% |
| 2020-12-31 | €795.65 Million ≈ $930.20 Million |
-28.08% |
| 2019-12-31 | €1.11 Billion ≈ $1.29 Billion |
-6.24% |
| 2018-12-31 | €1.18 Billion ≈ $1.38 Billion |
-1.25% |
| 2017-12-31 | €1.19 Billion ≈ $1.40 Billion |
+5.37% |
| 2016-12-31 | €1.13 Billion ≈ $1.33 Billion |
-8.67% |
| 2015-12-31 | €1.24 Billion ≈ $1.45 Billion |
+7.66% |
| 2014-12-31 | €1.15 Billion ≈ $1.35 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SFL Corporation Ltd'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.13 Billion | 100.00% |
| Total Equity | €1.13 Billion | 100.00% |
SFL Corporation Ltd Competitors by Market Cap
The table below lists competitors of SFL Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AirAsia X Bhd
KLSE:5238
|
$1.01 Billion |
|
LifeSemantics Corp.
KQ:347700
|
$1.01 Billion |
|
BALTIC CLASSIF.GR LS 001
F:983
|
$1.01 Billion |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$1.01 Billion |
|
Anhui Gujing Distillery Co Ltd
SHE:200596
|
$1.01 Billion |
|
Elopak AS
OL:ELO
|
$1.01 Billion |
|
NanJing Pharmaceutical Co Ltd
SHG:600713
|
$1.01 Billion |
|
Penguin Solutions, Inc.
NASDAQ:PENG
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SFL Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,039,397,000 to 1,128,422,000, a change of 89,025,000 (8.6%).
- Net income of 130,653,000 contributed positively to equity growth.
- Dividend payments of 138,491,000 reduced retained earnings.
- Other factors increased equity by 96,863,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €130.65 Million | +11.58% |
| Dividends Paid | €138.49 Million | -12.27% |
| Other Changes | €96.86 Million | +8.58% |
| Total Change | €- | 8.57% |
Book Value vs Market Value Analysis
This analysis compares SFL Corporation Ltd'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: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.78x to 1.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.61 | €9.02 | x |
| 2018-12-31 | €10.97 | €9.02 | x |
| 2019-12-31 | €9.27 | €9.02 | x |
| 2020-12-31 | €6.23 | €9.02 | x |
| 2021-12-31 | €7.09 | €9.02 | x |
| 2022-12-31 | €8.61 | €9.02 | x |
| 2023-12-31 | €7.56 | €9.02 | x |
| 2024-12-31 | €8.42 | €9.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SFL Corporation Ltd 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): 11.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.65%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 3.64x
- Recent ROE (11.58%) is above the historical average (8.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.65% | 37.50% | 0.11x | 2.64x | €7.47 Million |
| 2015 | 16.17% | 49.38% | 0.13x | 2.44x | €76.65 Million |
| 2016 | 12.91% | 35.68% | 0.14x | 2.59x | €33.00 Million |
| 2017 | 8.47% | 26.69% | 0.13x | 2.52x | €-18.29 Million |
| 2018 | 6.24% | 17.66% | 0.11x | 3.29x | €-44.38 Million |
| 2019 | 8.06% | 19.55% | 0.12x | 3.51x | €-21.46 Million |
| 2020 | -28.21% | -47.64% | 0.15x | 3.89x | €-303.99 Million |
| 2021 | 16.73% | 32.01% | 0.15x | 3.52x | €66.11 Million |
| 2022 | 18.58% | 30.25% | 0.17x | 3.54x | €93.64 Million |
| 2023 | 8.08% | 11.37% | 0.20x | 3.59x | €-20.00 Million |
| 2024 | 11.58% | 14.65% | 0.22x | 3.64x | €17.81 Million |
Industry Comparison
This section compares SFL Corporation Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $15,606,987,038
- Average return on equity (ROE) among peers: 31.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SFL Corporation Ltd (UG6) | €991.59 Million | 10.65% | 2.88x | $1.01 Billion |
| 2020 Bulkers Ltd. (0FF) | $151.70 Million | 46.67% | 1.57x | $9.47 Million |
| Qingdao Port International Co. Ltd (0QP) | $38.78 Billion | 10.22% | 0.56x | $1.04 Billion |
| ZIM Integrated Shipping Services Ltd. (2SV) | $4.60 Billion | 100.89% | 1.14x | $3.05 Billion |
| HAV GROUP ASA (6HH) | $152.48 Million | 49.65% | 2.86x | $28.14 Million |
| Ardmore Shipping Corporation (A61) | $347.61 Million | 9.19% | 1.24x | $534.92 Million |
| BW LPG Limited (BW9) | $1.60 Billion | 14.24% | 0.60x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $42.11 Billion | 0.56% | 2.84x | $5.09 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $65.03 Billion | 44.90% | 0.44x | $11.30 Billion |
| PERFORMANCE SHIPP. (DS2) | $275.24 Million | 15.89% | 0.20x | $19.94 Million |
| DANAOS CORP. DL -01 (DVW1) | $3.02 Billion | 19.11% | 0.21x | $1.82 Billion |
About SFL Corporation Ltd
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, oil products transportation, container tra… Read more