Eagle Bulk Shipping Inc
Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, and cement. It serves miners, producers, traders, and end users. As of December 31, 2023, the company owned and operated a fleet of 52 ve… Read more
Eagle Bulk Shipping Inc (EGLE) - Net Assets
Latest net assets as of December 2023: $600.22 Million USD
Based on the latest financial reports, Eagle Bulk Shipping Inc (EGLE) has net assets worth $600.22 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.15 Billion) and total liabilities ($547.74 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 | $600.22 Million |
| % of Total Assets | 52.29% |
| Annual Growth Rate | 15.32% |
| 5-Year Change | 24.66% |
| 10-Year Change | -9.62% |
| Growth Volatility | 154.15 |
Eagle Bulk Shipping Inc - Net Assets Trend (2004–2023)
This chart illustrates how Eagle Bulk Shipping Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eagle Bulk Shipping Inc (2004–2023)
The table below shows the annual net assets of Eagle Bulk Shipping Inc from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $600.22 Million | -26.73% |
| 2022-12-31 | $819.18 Million | +22.04% |
| 2021-12-31 | $671.27 Million | +42.70% |
| 2020-12-31 | $470.42 Million | -2.30% |
| 2019-12-31 | $481.50 Million | +0.40% |
| 2018-12-31 | $479.61 Million | +4.00% |
| 2017-12-31 | $461.17 Million | +15.15% |
| 2016-12-31 | $400.48 Million | -22.74% |
| 2015-12-31 | $518.34 Million | -21.95% |
| 2014-12-31 | $664.09 Million | +25.02% |
| 2013-12-31 | $531.19 Million | -10.60% |
| 2012-12-31 | $594.19 Million | -11.86% |
| 2011-12-31 | $674.18 Million | +0.76% |
| 2010-12-31 | $669.09 Million | +7.96% |
| 2009-12-31 | $619.73 Million | +31.46% |
| 2008-12-31 | $471.43 Million | -8.46% |
| 2007-12-31 | $514.97 Million | +60.14% |
| 2006-12-31 | $321.58 Million | +1.83% |
| 2005-12-31 | $315.79 Million | +689.17% |
| 2004-12-31 | $40.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eagle Bulk Shipping 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 decreased by 15672700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $93.00K | 0.02% |
| Other Comprehensive Income | $8.45 Million | 1.41% |
| Other Components | $748.40 Million | 124.69% |
| Total Equity | $600.22 Million | 100.00% |
Eagle Bulk Shipping Inc Competitors by Market Cap
The table below lists competitors of Eagle Bulk Shipping Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DocMorris AG
SW:DOCM
|
$222.02 Million |
|
Prenetics Global Ltd
NASDAQ:PRE
|
$222.02 Million |
|
Samyang Holdings Corp
KO:000075
|
$222.02 Million |
|
ProFrac Holding Corp.
NASDAQ:ACDC
|
$222.04 Million |
|
Taiyuan Lionhead Cement Co Ltd
SHG:600539
|
$221.90 Million |
|
Shanghai Nenghui Technology Co.Ltd
SHE:301046
|
$221.90 Million |
|
Teraplast Bist
RO:TRP
|
$221.89 Million |
|
ASK AUTOMOTIVE LIMITED
NSE:ASKAUTOLTD
|
$221.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eagle Bulk Shipping Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 819,181,000 to 600,218,000, a change of -218,963,000 (-26.7%).
- Net income of 22,728,000 contributed positively to equity growth.
- Dividend payments of 16,778,000 reduced retained earnings.
- Share repurchases of 222,889,000 reduced equity.
- Other comprehensive income decreased equity by 8,098,000.
- Other factors increased equity by 6,074,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.73 Million | +3.79% |
| Dividends Paid | $16.78 Million | -2.8% |
| Share Repurchases | $222.89 Million | -37.13% |
| Other Comprehensive Income | $-8.10 Million | -1.35% |
| Other Changes | $6.07 Million | +1.01% |
| Total Change | $- | -26.73% |
Book Value vs Market Value Analysis
This analysis compares Eagle Bulk Shipping 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: 0.68x
- 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.
- The price-to-book ratio has increased from 0.00x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $146539.68 | $28.26 | x |
| 2006-12-31 | $94888.15 | $28.26 | x |
| 2007-12-31 | $124389.13 | $28.26 | x |
| 2008-12-31 | $102461.81 | $28.26 | x |
| 2009-12-31 | $112944.97 | $28.26 | x |
| 2010-12-31 | $109256.45 | $28.26 | x |
| 2011-12-31 | $109729.12 | $28.26 | x |
| 2012-12-31 | $92712.53 | $28.26 | x |
| 2013-12-31 | $407045.87 | $28.26 | x |
| 2014-12-31 | $9776.82 | $28.26 | x |
| 2015-12-31 | $1929.89 | $28.26 | x |
| 2016-12-31 | $136.31 | $28.26 | x |
| 2017-12-31 | $46.66 | $28.26 | x |
| 2018-12-31 | $46.76 | $28.26 | x |
| 2019-12-31 | $47.23 | $28.26 | x |
| 2020-12-31 | $45.63 | $28.26 | x |
| 2021-12-31 | $42.80 | $28.26 | x |
| 2022-12-31 | $50.22 | $28.26 | x |
| 2023-12-31 | $41.47 | $28.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eagle Bulk Shipping 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): 3.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.77%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.91x
- Recent ROE (3.79%) is above the historical average (-3.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.11% | 11.87% | 0.12x | 1.46x | $-24.93 Million |
| 2006 | 10.51% | 32.30% | 0.18x | 1.77x | $1.64 Million |
| 2007 | 10.15% | 41.86% | 0.11x | 2.21x | $746.88K |
| 2008 | 13.07% | 33.24% | 0.14x | 2.89x | $14.49 Million |
| 2009 | 5.37% | 17.29% | 0.12x | 2.60x | $-28.69 Million |
| 2010 | 4.01% | 10.13% | 0.14x | 2.83x | $-40.06 Million |
| 2011 | -2.20% | -4.73% | 0.17x | 2.77x | $-82.24 Million |
| 2012 | -17.30% | -53.88% | 0.11x | 3.01x | $-162.22 Million |
| 2013 | -13.28% | -34.84% | 0.12x | 3.24x | $-123.64 Million |
| 2014 | -18.77% | -83.60% | 0.16x | 1.38x | $-191.07 Million |
| 2015 | -28.61% | -142.79% | 0.13x | 1.52x | $-200.13 Million |
| 2016 | -55.81% | -179.55% | 0.18x | 1.71x | $-263.57 Million |
| 2017 | -9.50% | -18.50% | 0.29x | 1.75x | $-89.91 Million |
| 2018 | 2.62% | 4.06% | 0.37x | 1.76x | $-35.39 Million |
| 2019 | -10.83% | -17.83% | 0.29x | 2.08x | $-100.28 Million |
| 2020 | -14.98% | -25.61% | 0.28x | 2.06x | $-117.50 Million |
| 2021 | 27.54% | 31.10% | 0.53x | 1.68x | $117.77 Million |
| 2022 | 30.28% | 34.45% | 0.58x | 1.51x | $166.09 Million |
| 2023 | 3.79% | 5.77% | 0.34x | 1.91x | $-37.29 Million |
Industry Comparison
This section compares Eagle Bulk Shipping Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eagle Bulk Shipping Inc (EGLE) | $600.22 Million | 2.11% | 0.91x | $221.96 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |