Gulf Marine Services PLC (GMS) - Net Assets

Latest as of June 2025: GBX406.62 Million GBX ≈ $49.47K USD

Based on the latest financial reports, Gulf Marine Services PLC (GMS) has net assets worth GBX406.62 Million GBX (≈ $49.47K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX670.00 Million ≈ $81.52K USD) and total liabilities (GBX263.39 Million ≈ $32.05K 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 GMS asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX406.62 Million
% of Total Assets	60.69%
Annual Growth Rate	8.08%
5-Year Change	85.0%
10-Year Change	-9.72%
Growth Volatility	30.21

Gulf Marine Services PLC - Net Assets Trend (2011–2024)

This chart illustrates how Gulf Marine Services PLC's net assets have evolved over time, based on quarterly financial data. Also explore GMS total asset value for the complete picture of this company's asset base.

Annual Net Assets for Gulf Marine Services PLC (2011–2024)

The table below shows the annual net assets of Gulf Marine Services PLC from 2011 to 2024. For live valuation and market cap data, see Gulf Marine Services PLC market cap and net worth.

Year	Net Assets	Change
2024-12-31	GBX382.70 Million ≈ $46.56K	+15.87%
2023-12-31	GBX330.28 Million ≈ $40.19K	+14.85%
2022-12-31	GBX287.57 Million ≈ $34.99K	+9.47%
2021-12-31	GBX262.71 Million ≈ $31.96K	+27.00%
2020-12-31	GBX206.86 Million ≈ $25.17K	-37.25%
2019-12-31	GBX329.67 Million ≈ $40.11K	-20.76%
2018-12-31	GBX416.06 Million ≈ $50.62K	-1.25%
2017-12-31	GBX421.31 Million ≈ $51.26K	-5.16%
2016-12-31	GBX444.25 Million ≈ $54.05K	+4.80%
2015-12-31	GBX423.90 Million ≈ $51.58K	+18.02%
2014-12-31	GBX359.17 Million ≈ $43.70K	+94.95%
2013-12-31	GBX184.24 Million ≈ $22.42K	-1.46%
2012-12-31	GBX186.96 Million ≈ $22.75K	+34.18%
2011-12-31	GBX139.34 Million ≈ $16.95K	--

Equity Component Analysis

This analysis shows how different components contribute to Gulf Marine Services PLC'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 grown by 247.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	GBX232.68 Million	61.28%
Common Stock	GBX31.47 Million	8.29%
Other Comprehensive Income	GBX-5.90 Million	-1.55%
Other Components	GBX121.44 Million	31.98%
Total Equity	GBX379.70 Million	100.00%

Gulf Marine Services PLC Competitors by Market Cap

The table below lists competitors of Gulf Marine Services PLC ranked by their market capitalization.

Company	Market Cap
ELEMENT NUTR.SCIENCES F:93X	$2.73 Million
VS Media Holdings Limited Class A Ordinary Shares NASDAQ:VSME	$2.73 Million
Ab Dynamics LSE:ABDP	$2.73 Million
Helical Bar Plc LSE:HLCL	$2.74 Million
GIVOT OLAM OIL EXP ILS1 TA:GIVO-L	$2.72 Million
Vistal Gdynia WAR:VTL	$2.72 Million
Discovery Alaska Ltd AU:DAF	$2.72 Million
LSL Property Services Plc LSE:LSL	$2.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gulf Marine Services PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 327,567,000 to 379,698,000, a change of 52,131,000 (15.9%).
Net income of 37,976,000 contributed positively to equity growth.
New share issuances of 3,897,000 increased equity.
Other comprehensive income decreased equity by 89,999.
Other factors increased equity by 10,347,999.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	GBX37.98 Million	+10.0%
Share Issuances	GBX3.90 Million	+1.03%
Other Comprehensive Income	GBX-90.00K	-0.02%
Other Changes	GBX10.35 Million	+2.73%
Total Change	GBX-	15.91%

Book Value vs Market Value Analysis

This analysis compares Gulf Marine Services PLC'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: 57.33x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 74.19x to 57.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	GBX0.26	GBX19.42	x
2012-12-31	GBX0.35	GBX19.42	x
2013-12-31	GBX0.35	GBX19.42	x
2014-12-31	GBX0.70	GBX19.42	x
2015-12-31	GBX0.80	GBX19.42	x
2016-12-31	GBX0.83	GBX19.42	x
2017-12-31	GBX0.80	GBX19.42	x
2018-12-31	GBX0.78	GBX19.42	x
2019-12-31	GBX0.62	GBX19.42	x
2020-12-31	GBX0.39	GBX19.42	x
2021-12-31	GBX0.37	GBX19.42	x
2022-12-31	GBX0.28	GBX19.42	x
2023-12-31	GBX0.31	GBX19.42	x
2024-12-31	GBX0.34	GBX19.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gulf Marine Services PLC 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): 10.00%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 22.67%
• Asset Turnover: 0.25x
• Equity Multiplier: 1.80x
Recent ROE (10.00%) is above the historical average (5.37%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	16.05%	20.74%	0.24x	3.18x	GBX8.36 Million
2012	25.80%	33.71%	0.29x	2.68x	GBX29.44 Million
2013	37.29%	37.01%	0.31x	3.20x	GBX49.91 Million
2014	20.94%	38.19%	0.27x	2.04x	GBX39.21 Million
2015	17.67%	34.03%	0.24x	2.18x	GBX32.45 Million
2016	6.65%	16.45%	0.19x	2.12x	GBX-14.86 Million
2017	-4.41%	-16.45%	0.13x	2.06x	GBX-60.64 Million
2018	-1.48%	-4.97%	0.14x	2.06x	GBX-47.60 Million
2019	-26.06%	-78.61%	0.14x	2.35x	GBX-118.27 Million
2020	-60.59%	-121.28%	0.16x	3.19x	GBX-144.82 Million
2021	11.89%	26.93%	0.17x	2.59x	GBX4.92 Million
2022	8.87%	19.02%	0.20x	2.31x	GBX-3.23 Million
2023	12.62%	27.27%	0.23x	2.04x	GBX8.59 Million
2024	10.00%	22.67%	0.25x	1.80x	GBX6.20K

Industry Comparison

This section compares Gulf Marine Services PLC'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: $21,829,948
Average return on equity (ROE) among peers: 12.90%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gulf Marine Services PLC (GMS)	GBX406.62 Million	16.05%	0.65x	$2.72 Million
Ashtead Technology Holdings PLC (AT)	$61.13 Million	4.14%	0.62x	$4.54 Million
Getech Group (GTC)	$10.21 Million	17.76%	0.72x	$33.86K
Hunting PLC (HTG)	$31.17 Million	-1.05%	0.50x	$9.44 Million
Enteq Upstream (NTQ)	$23.57 Million	-2.56%	0.14x	$6.19K
Tan Delta Systems PLC (TAND)	$496.00K	56.95%	1.12x	$280.64K
Thalassa Holdings Ltd (THAL)	$4.40 Million	2.18%	0.15x	$45.60K

About Gulf Marine Services PLC

LSE:GMS UK Oil & Gas Equipment & Services

Market Cap

$2.72 Million

GBX22.38 Billion GBX

Market Cap Rank

#29319 Global

#607 in UK

Share Price

GBX19.42

Change (1 day)

+1.15%

52-Week Range

GBX14.70 - GBX24.15

All Time High

GBX78.05