Oceanpal Inc (OP) - Net Assets
Based on the latest financial reports, Oceanpal Inc (OP) has net assets worth $74.07 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($78.17 Million) and total liabilities ($4.10 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. Check how resilient are Oceanpal Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $74.07 Million |
| % of Total Assets | 94.75% |
| Annual Growth Rate | 19.33% |
| 5-Year Change | 138.99% |
| 10-Year Change | N/A |
| Growth Volatility | 24.33 |
Oceanpal Inc - Net Assets Trend (2019–2024)
This chart illustrates how Oceanpal Inc's net assets have evolved over time, based on quarterly financial data. Also explore Oceanpal Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for Oceanpal Inc (2019–2024)
The table below shows the annual net assets of Oceanpal Inc from 2019 to 2024. For live valuation and market cap data, see Oceanpal Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $84.37 Million | -8.85% |
| 2023-12-31 | $92.56 Million | +20.90% |
| 2022-12-31 | $76.56 Million | +59.00% |
| 2021-12-31 | $48.15 Million | +36.39% |
| 2020-12-31 | $35.30 Million | +1.26% |
| 2019-12-31 | $34.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oceanpal Inc'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 7926864900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $75.00K | 0.09% |
| Other Components | $110.20 Million | 130.62% |
| Total Equity | $84.37 Million | 100.00% |
Oceanpal Inc Competitors by Market Cap
The table below lists competitors of Oceanpal Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyungkuk F&B Co Ltd
KQ:189980
|
$42.95 Million |
|
Estoril Sol SGPS SA
LS:ESON
|
$42.95 Million |
|
Chian Hsing Forging Industrial Co Ltd
TWO:4528
|
$42.96 Million |
|
OS Therapies Incorporated
NYSE MKT:OSTX
|
$42.96 Million |
|
Adaptimmune Therapeutics plc
F:473A
|
$42.94 Million |
|
Yuyu Pharma Inc
KO:000227
|
$42.93 Million |
|
Imago Mulia Persada Tbk PT
JK:LFLO
|
$42.91 Million |
|
FRANCHETTI S.P.A.
F:D0E
|
$42.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oceanpal Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 92,559,000 to 84,370,000, a change of -8,189,000 (-8.8%).
- Net loss of 17,862,000 reduced equity.
- Dividend payments of 1,636,000 reduced retained earnings.
- Other comprehensive income increased equity by 74,000.
- Other factors increased equity by 11,235,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-17.86 Million | -21.17% |
| Dividends Paid | $1.64 Million | -1.94% |
| Other Comprehensive Income | $74.00K | +0.09% |
| Other Changes | $11.23 Million | +13.32% |
| Total Change | $- | -8.85% |
Book Value vs Market Value Analysis
This analysis compares Oceanpal Inc'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: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $658.76 | $1.39 | x |
| 2020-12-31 | $667.07 | $1.39 | x |
| 2021-12-31 | $653.72 | $1.39 | x |
| 2022-12-31 | $1229.63 | $1.39 | x |
| 2023-12-31 | $686.19 | $1.39 | x |
| 2024-12-31 | $282.55 | $1.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oceanpal Inc 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): -21.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.50%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.06x
- Recent ROE (-21.17%) is below the historical average (-6.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -5.34% | -15.06% | 0.34x | 1.03x | $-5.35 Million |
| 2020 | -10.75% | -40.34% | 0.25x | 1.05x | $-7.33 Million |
| 2021 | 0.28% | 10.04% | 0.03x | 1.02x | $-4.68 Million |
| 2022 | -0.43% | -1.71% | 0.24x | 1.03x | $-7.98 Million |
| 2023 | -2.14% | -10.43% | 0.20x | 1.02x | $-11.23 Million |
| 2024 | -21.17% | -69.50% | 0.29x | 1.06x | $-26.30 Million |
Industry Comparison
This section compares Oceanpal Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $832,980,632
- Average return on equity (ROE) among peers: 8.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oceanpal Inc (OP) | $74.07 Million | -5.34% | 0.06x | $42.95 Million |
| Ardmore Shpng (ASC) | $347.61 Million | 9.19% | 1.24x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.60 Billion | 13.91% | 0.60x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $1.17 Billion | 3.96% | 1.67x | $1.19 Billion |
| C3is Inc. (CISS) | $43.89 Million | 1.26% | 0.02x | $1.91 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $446.01 Million | 20.28% | 0.95x | $402.68 Million |
| Costamare Inc (CMRE) | $802.64 Million | 14.34% | 2.38x | $1.99 Billion |
| Castor Maritime Inc (CTRM) | $8.49 Million | 10.34% | 0.03x | $20.00 Million |
| Danaos Corporation (DAC) | $3.02 Billion | 19.11% | 0.21x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $570.06 Million | -1.85% | 0.88x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $316.37 Million | -0.95% | 1.11x | $1.68 Billion |
About Oceanpal Inc
OceanPal Inc. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including steel products, cement, and fertilizers. As of December 31, 2023, the company's fleet consists of three Panamax dry bulk carriers with a total cargo carrying capacity of approximately 223,546 … Read more