Euroseas Ltd (ESEA) - Net Assets
Based on the latest financial reports, Euroseas Ltd (ESEA) has net assets worth $463.44 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($700.46 Million) and total liabilities ($237.01 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. Also explore total assets of Euroseas Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $463.44 Million |
| % of Total Assets | 66.16% |
| Annual Growth Rate | 14.33% |
| 5-Year Change | 503.67% |
| 10-Year Change | 427.17% |
| Growth Volatility | 129.83 |
Euroseas Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Euroseas Ltd's net assets have evolved over time, based on quarterly financial data. Check ESEA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Euroseas Ltd (2002–2025)
The table below shows the annual net assets of Euroseas Ltd from 2002 to 2025. For live valuation and market cap data, see Euroseas Ltd (ESEA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $463.44 Million | +27.69% |
| 2024-12-31 | $362.95 Million | +36.15% |
| 2023-12-31 | $266.58 Million | +58.53% |
| 2022-12-31 | $168.16 Million | +119.04% |
| 2021-12-31 | $76.77 Million | +117.14% |
| 2020-12-31 | $35.36 Million | +25.78% |
| 2019-12-31 | $28.11 Million | +24.49% |
| 2018-12-31 | $22.58 Million | -72.57% |
| 2017-12-31 | $82.31 Million | -6.37% |
| 2016-12-31 | $87.91 Million | -31.04% |
| 2015-12-31 | $127.48 Million | -2.42% |
| 2014-12-31 | $130.64 Million | +24.78% |
| 2013-12-31 | $104.70 Million | -50.05% |
| 2012-12-31 | $209.63 Million | -1.08% |
| 2011-12-31 | $211.92 Million | -3.10% |
| 2010-12-31 | $218.69 Million | -5.51% |
| 2009-12-31 | $231.45 Million | -12.38% |
| 2008-12-31 | $264.17 Million | -2.81% |
| 2007-12-31 | $271.79 Million | +615.02% |
| 2006-12-31 | $38.01 Million | +40.80% |
| 2005-12-31 | $27.00 Million | -13.23% |
| 2004-12-31 | $31.11 Million | +13.19% |
| 2003-12-31 | $27.49 Million | +29.13% |
| 2002-12-31 | $21.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Euroseas 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 grown by 20450754700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $204.51 Million | 44.13% |
| Common Stock | $211.68K | 0.05% |
| Other Components | $258.72 Million | 55.83% |
| Total Equity | $463.44 Million | 100.00% |
Euroseas Ltd Competitors by Market Cap
The table below lists competitors of Euroseas Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tat Techno
NASDAQ:TATT
|
$505.04 Million |
|
Sumitomo Mitsui Construction Co. Ltd
F:72S
|
$505.15 Million |
|
Shanghai Kangda New Materials Co Ltd
SHE:002669
|
$505.24 Million |
|
Home Bancorp Inc
NASDAQ:HBCP
|
$505.30 Million |
|
Guangdong Shirongzhaoye Co Ltd
SHE:002016
|
$504.37 Million |
|
Shenzhen Bestek Technology Co Ltd
SHE:300822
|
$504.20 Million |
|
ZJBC Information Technology Co Ltd
SHE:000889
|
$504.19 Million |
|
GuangDong Topstrong Living Innovation & Integration Co Ltd Class A
SHE:300749
|
$504.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Euroseas Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 362,949,832 to 463,443,787, a change of 100,493,955 (27.7%).
- Net income of 136,967,379 contributed positively to equity growth.
- Dividend payments of 18,956,612 reduced retained earnings.
- Share repurchases of 2,122,174 reduced equity.
- Other factors decreased equity by 15,394,638.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $136.97 Million | +29.55% |
| Dividends Paid | $18.96 Million | -4.09% |
| Share Repurchases | $2.12 Million | -0.46% |
| Other Changes | $-15.39 Million | -3.32% |
| Total Change | $- | 27.69% |
Book Value vs Market Value Analysis
This analysis compares Euroseas 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: 1.18x
- 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 0.53x to 1.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $150.17 | $78.94 | x |
| 2003-12-31 | $194.01 | $78.94 | x |
| 2004-12-31 | $219.50 | $78.94 | x |
| 2005-12-31 | $175.90 | $78.94 | x |
| 2006-12-31 | $212.18 | $78.94 | x |
| 2007-12-31 | $878.64 | $78.94 | x |
| 2008-12-31 | $605.94 | $78.94 | x |
| 2009-12-31 | $528.42 | $78.94 | x |
| 2010-12-31 | $483.70 | $78.94 | x |
| 2011-12-31 | $465.64 | $78.94 | x |
| 2012-12-31 | $376.59 | $78.94 | x |
| 2013-12-31 | $184.32 | $78.94 | x |
| 2014-12-31 | $190.74 | $78.94 | x |
| 2015-12-31 | $159.08 | $78.94 | x |
| 2016-12-31 | $86.13 | $78.94 | x |
| 2017-12-31 | $59.50 | $78.94 | x |
| 2018-12-31 | $15.96 | $78.94 | x |
| 2019-12-31 | $9.82 | $78.94 | x |
| 2020-12-31 | $6.14 | $78.94 | x |
| 2021-12-31 | $10.98 | $78.94 | x |
| 2022-12-31 | $23.39 | $78.94 | x |
| 2023-12-31 | $38.43 | $78.94 | x |
| 2024-12-31 | $52.14 | $78.94 | x |
| 2025-12-31 | $66.71 | $78.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Euroseas 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): 29.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.11%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.51x
- Recent ROE (29.55%) is above the historical average (13.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.19% | 6.00% | 0.30x | 2.36x | $-1.24 Million |
| 2003 | 30.66% | 33.65% | 0.49x | 1.87x | $5.68 Million |
| 2004 | 98.39% | 70.37% | 0.82x | 1.70x | $27.50 Million |
| 2005 | 93.27% | 59.76% | 0.53x | 2.95x | $22.48 Million |
| 2006 | 52.80% | 49.78% | 0.34x | 3.09x | $16.27 Million |
| 2007 | 14.96% | 49.54% | 0.22x | 1.37x | $13.49 Million |
| 2008 | 8.14% | 17.02% | 0.37x | 1.29x | $-4.93 Million |
| 2009 | -6.75% | -24.50% | 0.20x | 1.40x | $-38.77 Million |
| 2010 | -3.02% | -12.59% | 0.16x | 1.47x | $-28.48 Million |
| 2011 | 0.53% | 1.82% | 0.21x | 1.40x | $-20.08 Million |
| 2012 | -6.30% | -25.15% | 0.19x | 1.33x | $-34.16 Million |
| 2013 | -98.78% | -264.15% | 0.25x | 1.50x | $-113.90 Million |
| 2014 | -13.72% | -44.10% | 0.21x | 1.46x | $-30.98 Million |
| 2015 | -11.02% | -37.28% | 0.22x | 1.36x | $-26.80 Million |
| 2016 | -50.30% | -215.24% | 0.14x | 1.63x | $-53.01 Million |
| 2017 | -7.40% | -25.65% | 0.15x | 1.97x | $-14.33 Million |
| 2018 | -0.48% | -0.32% | 0.51x | 2.97x | $-2.37 Million |
| 2019 | -5.99% | -4.20% | 0.32x | 4.51x | $-4.49 Million |
| 2020 | 11.43% | 7.58% | 0.48x | 3.13x | $505.93K |
| 2021 | 55.96% | 45.76% | 0.42x | 2.89x | $35.29 Million |
| 2022 | 63.18% | 58.15% | 0.56x | 1.95x | $89.43 Million |
| 2023 | 42.97% | 60.49% | 0.45x | 1.59x | $87.89 Million |
| 2024 | 31.07% | 52.97% | 0.36x | 1.63x | $76.48 Million |
| 2025 | 29.55% | 60.11% | 0.33x | 1.51x | $90.62 Million |
Industry Comparison
This section compares Euroseas Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $399,487,421
- Average return on equity (ROE) among peers: 12.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Euroseas Ltd (ESEA) | $463.44 Million | 4.19% | 0.51x | $504.99 Million |
| Ardmore Shpng (ASC) | $61.60 Million | -4.83% | 1.61x | $709.56 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $422.08 Million | 7.19% | 0.95x | $1.23 Billion |
| C3is Inc. (CISS) | $8.75 Million | 41.24% | 0.87x | $64.39K |
| Costamare Bulkers Holdings Limited (CMDB) | $446.01 Million | 20.28% | 0.95x | $451.93 Million |
| Costamare Inc (CMRE) | $802.64 Million | 14.34% | 2.38x | $1.88 Billion |
| Castor Maritime Inc (CTRM) | $510.73 Million | 7.57% | 0.18x | $18.84 Million |
| Danaos Corporation (DAC) | $548.71 Million | 15.29% | 4.44x | $2.45 Billion |
| Diana Shipping Inc. (DSX) | $775.48 Million | 28.59% | 0.36x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $316.37 Million | -0.95% | 1.11x | $1.68 Billion |
| EuroDry Ltd (EDRY) | $102.51 Million | -4.16% | 1.07x | $64.11 Million |
About Euroseas Ltd
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of April 30, 2026, it had a fleet of 21 vessels, including 15 Feeder containerships and 6 Intermediate containerships with a cargo of 61,144 teu. Euroseas Ltd. is based in M… Read more