Sable Offshore Corp. Net Assets
Sable Offshore Corp. net assets. Based on the latest financial reports, Sable Offshore Corp. (SOC) has net assets worth $348.08 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.65 Billion) and total liabilities ($1.30 Billion). 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 SOC net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $348.08 Million |
| % of Total Assets | 21.1% |
| Annual Growth Rate | 1032.65% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 509261.26 |
Net Assets of Sable Offshore Corp. (2020–2024)
Net assets of Sable Offshore Corp. from 2020 to 2024. This chart illustrates how Sable Offshore Corp.'s net assets have evolved over time, based on quarterly financial data. See Sable Offshore Corp. net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Sable Offshore Corp. (2020–2024)
The table below shows the annual net assets of Sable Offshore Corp. from 2020 to 2024. For live market cap and overall valuation, see SOC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $384.19 Million | +13.32% |
| 2023-09-30 | $339.02 Million | +24.63% |
| 2022-09-30 | $272.02 Million | -0.92% |
| 2021-09-30 | $274.56 Million | +1176100.85% |
| 2020-09-30 | $23.34K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sable Offshore Corp.'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 69829434300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Sable Offshore Corp. Net Assets Breakdown (September 2024)
Sable Offshore Corp. net assets breakdown by equity component as of September 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | 0.00% |
| Other Components | $1.08 Billion | 281.76% |
| Total Equity | $384.19 Million | 100.00% |
Sable Offshore Corp. Competitors by Market Cap
The table below lists competitors of Sable Offshore Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leonteq AG
SW:LEON
|
$273.70 Million |
|
Suzhou Mingzhi Technology Co. Ltd. A
SHG:688355
|
$273.71 Million |
|
Arqit Quantum Inc.
NASDAQ:ARQQ
|
$273.74 Million |
|
Taiwan Tea Corp
TW:2913
|
$273.78 Million |
|
Aurion Resources Ltd
V:AU
|
$273.63 Million |
|
The Hackett Group Inc
NASDAQ:HCKT
|
$273.41 Million |
|
Xinlong Holding Group Co Ltd
SHE:000955
|
$273.38 Million |
|
Journey Energy Inc
TO:JOY
|
$273.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sable Offshore Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 339,021,000 to 384,185,000, a change of 45,164,000 (13.3%).
- Net loss of 629,067,000 reduced equity.
- Share repurchases of 773,763,000 reduced equity.
- Other factors increased equity by 1,447,994,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-629.07 Million | -163.74% |
| Share Repurchases | $773.76 Million | -201.4% |
| Other Changes | $1.45 Billion | +376.9% |
| Total Change | $- | 13.32% |
Book Value vs Market Value Analysis
This analysis compares Sable Offshore Corp.'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: 0.64x
- 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 decreased from 331.34x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | $0.01 | $2.75 | x |
| 2021-09-30 | $7.64 | $2.75 | x |
| 2022-09-30 | $7.57 | $2.75 | x |
| 2023-09-30 | $7.63 | $2.75 | x |
| 2024-09-30 | $4.30 | $2.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sable Offshore Corp. 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): -163.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.12x
- Recent ROE (-163.74%) is below the historical average (-39.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -7.10% | 0.00% | 0.00x | 13.03x | $-3.99K |
| 2021 | 1.56% | 0.00% | 0.00x | 1.05x | $-23.18 Million |
| 2022 | -0.95% | 0.00% | 0.00x | 1.07x | $-29.79 Million |
| 2023 | -27.63% | 0.00% | 0.00x | 2.10x | $-127.58 Million |
| 2024 | -163.74% | 0.00% | 0.00x | 4.12x | $-667.49 Million |
Industry Comparison
This section compares Sable Offshore Corp.'s net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $2,933,725,750
- Average return on equity (ROE) among peers: -2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sable Offshore Corp. (SOC) | $348.08 Million | -7.10% | 3.74x | $273.64 Million |
| Borr Drilling Ltd (BORR) | $889.90 Million | -21.69% | 2.46x | $1.24 Billion |
| Helmerich and Payne Inc (HP) | $1.38 Billion | 21.26% | 0.54x | $3.78 Billion |
| Nabors Industries Ltd. (NBR) | $1.70 Billion | -47.40% | 2.24x | $1.21 Billion |
| Noble Corporation plc (NE) | $4.30 Billion | 28.03% | 0.37x | $7.24 Billion |
| Patterson-UTI Energy Inc (PTEN) | $2.56 Billion | -11.50% | 0.77x | $4.29 Billion |
| Transocean Ltd (RIG) | $1.63 Billion | 4.79% | 0.50x | $5.69 Billion |
| Seadrill Limited (SDRL) | $2.92 Billion | 15.28% | 0.42x | $2.68 Billion |
| Valaris Ltd (VAL) | $8.09 Billion | -7.91% | 0.73x | $6.06 Billion |
About Sable Offshore Corp.
Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facili… Read more