Thalassa Holdings Ltd

LSE:THAL UK Oil & Gas Equipment & Services
Market Cap
$45.60K
GBX374.76 Million GBX
Market Cap Rank
#49002 Global
#1275 in UK
Share Price
GBX22.50
Change (1 day)
+0.00%
52-Week Range
GBX22.00 - GBX23.50
All Time High
GBX23.50
Categories
Companies in UK Oil & Gas Equipment & Services
About

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.

Thalassa Holdings Ltd (THAL) - Net Assets

Latest net assets as of June 2025: GBX10.06 Million GBX

Based on the latest financial reports, Thalassa Holdings Ltd (THAL) has net assets worth GBX10.06 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX10.62 Million) and total liabilities (GBX563.18K). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX10.06 Million
% of Total Assets 94.7%
Annual Growth Rate 5.05%
5-Year Change -9.76%
10-Year Change -41.67%
Growth Volatility 96.63

Thalassa Holdings Ltd - Net Assets Trend (2008–2024)

This chart illustrates how Thalassa Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Thalassa Holdings Ltd (2008–2024)

The table below shows the annual net assets of Thalassa Holdings Ltd from 2008 to 2024.

Year Net Assets Change
2024-12-31 GBX10.39 Million +11.87%
2023-12-31 GBX9.29 Million -9.81%
2022-12-31 GBX10.30 Million -7.67%
2021-12-31 GBX11.15 Million -3.13%
2020-12-31 GBX11.51 Million -44.91%
2019-12-31 GBX20.90 Million -13.02%
2018-12-31 GBX24.03 Million +26.68%
2017-12-31 GBX18.97 Million -14.18%
2016-12-31 GBX22.10 Million +24.06%
2015-12-31 GBX17.81 Million -29.59%
2014-12-31 GBX25.30 Million -18.58%
2013-12-31 GBX31.07 Million +388.45%
2012-12-31 GBX6.36 Million +9.64%
2011-12-31 GBX5.80 Million +19.94%
2010-12-31 GBX4.84 Million +9.86%
2009-12-31 GBX4.40 Million -6.86%
2008-12-31 GBX4.73 Million --

Equity Component Analysis

This analysis shows how different components contribute to Thalassa Holdings 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 744288493.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock GBX196.03K 1.89%
Other Components GBX17.82 Million 171.55%
Total Equity GBX10.39 Million 100.00%

Thalassa Holdings Ltd Competitors by Market Cap

The table below lists competitors of Thalassa Holdings Ltd ranked by their market capitalization.

Company Market Cap
Temple Bar Investment Trust
LSE:TMPL
 		$456.04
NIGERIAN BREWERIES PLC
XNSA:NB
 		$456.42
Migo Opportunities Trust PLC
LSE:MIGO
 		$456.44
Stinger Resources Inc
OTCQB:STNRF
 		$456.45
Goldenbridge Acquisition Limited
NASDAQ:GBRGW
 		$455.93
DAPHNE INTL HLDGS
MU:PSX
 		$455.82
Vulcan International Corporation
PINK:VULC
 		$455.50
Ernexa Therapeutics Inc. Warrants
NASDAQ:ERNAW
 		$455.10

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thalassa Holdings Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,287,644 to 10,389,796, a change of 1,102,152 (11.9%).
  • Net loss of 1,014,120 reduced equity.
  • New share issuances of 716,814 increased equity.
  • Other comprehensive income decreased equity by 2,556,891.
  • Other factors increased equity by 3,956,349.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX-1.01 Million -9.76%
Share Issuances GBX716.81K +6.9%
Other Comprehensive Income GBX-2.56 Million -24.61%
Other Changes GBX3.96 Million +38.08%
Total Change GBX- 11.87%

Book Value vs Market Value Analysis

This analysis compares Thalassa Holdings 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: 17.24x
  • 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 increased from 13.52x to 17.24x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 GBX1.66 GBX22.50 x
2009-12-31 GBX0.60 GBX22.50 x
2010-12-31 GBX0.53 GBX22.50 x
2011-12-31 GBX0.59 GBX22.50 x
2012-12-31 GBX0.53 GBX22.50 x
2013-12-31 GBX1.89 GBX22.50 x
2014-12-31 GBX1.01 GBX22.50 x
2015-12-31 GBX0.72 GBX22.50 x
2016-12-31 GBX1.01 GBX22.50 x
2017-12-31 GBX0.87 GBX22.50 x
2018-12-31 GBX1.27 GBX22.50 x
2019-12-31 GBX1.19 GBX22.50 x
2020-12-31 GBX0.82 GBX22.50 x
2021-12-31 GBX1.40 GBX22.50 x
2022-12-31 GBX1.30 GBX22.50 x
2023-12-31 GBX1.17 GBX22.50 x
2024-12-31 GBX1.31 GBX22.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thalassa Holdings 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): -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 (-4.22%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -3.96% 0.00% 0.00x 1.02x GBX-659.89K
2009 2.18% 23.82% 0.08x 1.15x GBX-344.28K
2010 7.32% 135.27% 0.05x 1.11x GBX-129.65K
2011 3.95% 14.66% 0.24x 1.10x GBX-350.94K
2012 11.76% 8.59% 1.22x 1.12x GBX111.29K
2013 8.39% 14.03% 0.57x 1.04x GBX-499.07K
2014 -30.90% -78.40% 0.35x 1.12x GBX-10.35 Million
2015 -46.46% -64.99% 0.60x 1.19x GBX-10.06 Million
2016 7.22% 14.07% 0.45x 1.15x GBX-614.26K
2017 5.40% 0.00% 0.00x 1.22x GBX-872.04K
2018 23.49% 224623.03% 0.00x 1.07x GBX3.24 Million
2019 -13.21% -2075.80% 0.00x 1.39x GBX-4.74 Million
2020 4.31% 1152.70% 0.00x 1.35x GBX-663.26K
2021 -17.79% -1430.87% 0.01x 1.61x GBX-3.10 Million
2022 -14.08% -489.89% 0.02x 1.28x GBX-2.48 Million
2023 -9.60% -166.44% 0.04x 1.34x GBX-1.82 Million
2024 -9.76% 0.00% -0.02x 1.06x GBX-2.05 Million

Industry Comparison

This section compares Thalassa Holdings Ltd'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: $73,052,571
  • Average return on equity (ROE) among peers: -4.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thalassa Holdings Ltd (THAL) GBX10.06 Million -3.96% 0.06x $455.97
Ashtead Technology Holdings PLC (AT) $27.66 Million 0.00% 1.14x $43.41K
Chesterfield Special Cylinders Holdings Plc (CSC) $14.11 Million 25.78% 0.40x $2.35K
Gulf Marine Services PLC (GMS) $444.25 Million 6.64% 1.12x $29.37K
Getech Group (GTC) $462.00K 38.96% 2.34x $405.88
Enteq Upstream (NTQ) $11.08 Million -19.12% 0.16x $61.89
Pressure Technologies Plc (PRES) $13.31 Million -141.78% 1.64x $1.60K
Tan Delta Systems PLC (TAND) $496.00K 56.95% 1.12x $3.30K