NORDIC AMER TANKER
NORDIC AMER TANKER operates in Diversified Metals & Mining.
NORDIC AMER TANKER (B3O) - Net Assets
Latest net assets as of June 2024: €525.85 Million EUR
Based on the latest financial reports, NORDIC AMER TANKER (B3O) has net assets worth €525.85 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€861.81 Million) and total liabilities (€335.96 Million). 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 | €525.85 Million |
| % of Total Assets | 61.02% |
| Annual Growth Rate | -6.65% |
| 5-Year Change | -9.59% |
| 10-Year Change | N/A |
| Growth Volatility | 9.74 |
NORDIC AMER TANKER - Net Assets Trend (2016–2023)
This chart illustrates how NORDIC AMER TANKER's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NORDIC AMER TANKER (2016–2023)
The table below shows the annual net assets of NORDIC AMER TANKER from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €538.30 Million | -0.31% |
| 2022-12-31 | €539.98 Million | +8.38% |
| 2021-12-31 | €498.22 Million | -16.84% |
| 2020-12-31 | €599.13 Million | +0.62% |
| 2019-12-31 | €595.42 Million | -1.10% |
| 2018-12-31 | €602.03 Million | -15.33% |
| 2017-12-31 | €711.06 Million | -18.37% |
| 2016-12-31 | €871.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NORDIC AMER TANKER'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 5306000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €595.82 Million | 110.68% |
| Total Equity | €538.30 Million | 100.00% |
NORDIC AMER TANKER Competitors by Market Cap
The table below lists competitors of NORDIC AMER TANKER ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinhan WTI Futures ETN(H)
KO:500015
|
$47.39K |
|
Manhattan Scients
PINK:MHTX
|
$47.42K |
|
DongBang Medical
KQ:240550
|
$47.42K |
|
Cryomass Technologies Inc
OTCQX:CRYM
|
$47.43K |
|
Sayward Capital Corp
V:SAWC-P
|
$47.35K |
|
COLOR STAR TECH. DL-001
F:2J4A
|
$47.32K |
|
BPKKF
PINK:BPKKF
|
$47.29K |
|
USD Partners LP
PINK:USDP
|
$47.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NORDIC AMER TANKER's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 539,982,000 to 538,304,000, a change of -1,678,000 (-0.3%).
- Net income of 98,711,000 contributed positively to equity growth.
- Dividend payments of 89,783,000 reduced retained earnings.
- Other factors decreased equity by 10,606,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €98.71 Million | +18.34% |
| Dividends Paid | €89.78 Million | -16.68% |
| Other Changes | €-10.61 Million | -1.97% |
| Total Change | €- | -0.31% |
Book Value vs Market Value Analysis
This analysis compares NORDIC AMER TANKER'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: 1.80x
- 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 0.93x to 1.80x 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 | €5.01 | €4.65 | x |
| 2018-12-31 | €4.24 | €4.65 | x |
| 2019-12-31 | €4.04 | €4.65 | x |
| 2020-12-31 | €3.96 | €4.65 | x |
| 2021-12-31 | €2.71 | €4.65 | x |
| 2022-12-31 | €2.59 | €4.65 | x |
| 2023-12-31 | €2.58 | €4.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NORDIC AMER TANKER 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): 18.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.20%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.63x
- Recent ROE (18.34%) is above the historical average (-6.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.51% | -1.25% | 0.26x | 1.55x | €-91.56 Million |
| 2017 | -28.83% | -68.98% | 0.26x | 1.60x | €-276.08 Million |
| 2018 | -15.83% | -32.98% | 0.27x | 1.78x | €-155.51 Million |
| 2019 | -1.74% | -3.26% | 0.31x | 1.73x | €-69.89 Million |
| 2020 | 8.35% | 14.11% | 0.36x | 1.63x | €-9.88 Million |
| 2021 | -34.39% | -89.67% | 0.22x | 1.71x | €-221.15 Million |
| 2022 | 2.80% | 4.45% | 0.39x | 1.63x | €-38.90 Million |
| 2023 | 18.34% | 25.20% | 0.45x | 1.63x | €44.88 Million |
Industry Comparison
This section compares NORDIC AMER TANKER's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NORDIC AMER TANKER (B3O) | €525.85 Million | -0.51% | 0.64x | $47.37K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |