Steel Partners Holdings LP (SPLP) - Net Assets
Based on the latest financial reports, Steel Partners Holdings LP (SPLP) has net assets worth $1.17 Billion USD as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.58 Billion) and total liabilities ($2.41 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. Check financial resilience of Steel Partners Holdings LP to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.17 Billion |
| % of Total Assets | 32.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | 117.61% |
| 10-Year Change | 58.49% |
| Growth Volatility | 21.13 |
Steel Partners Holdings LP - Net Assets Trend (2008–2024)
This chart illustrates how Steel Partners Holdings LP's net assets have evolved over time, based on quarterly financial data. Also explore Steel Partners Holdings LP total assets for the complete picture of this company's asset base.
Annual Net Assets for Steel Partners Holdings LP (2008–2024)
The table below shows the annual net assets of Steel Partners Holdings LP from 2008 to 2024. For live valuation and market cap data, see SPLP stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.17 Billion | +16.71% |
| 2023-12-31 | $1.01 Billion | +25.45% |
| 2022-12-31 | $801.46 Million | +19.79% |
| 2021-12-31 | $669.05 Million | +24.08% |
| 2020-12-31 | $539.22 Million | +13.18% |
| 2019-12-31 | $476.42 Million | -8.27% |
| 2018-12-31 | $519.37 Million | -8.41% |
| 2017-12-31 | $567.04 Million | -19.48% |
| 2016-12-31 | $704.26 Million | -4.88% |
| 2015-12-31 | $740.36 Million | +11.48% |
| 2014-12-31 | $664.11 Million | -23.90% |
| 2013-12-31 | $872.66 Million | +12.35% |
| 2012-12-31 | $776.75 Million | +61.68% |
| 2011-12-31 | $480.42 Million | +18.39% |
| 2010-12-31 | $405.80 Million | -- |
| 2009-12-31 | $0.00 | -- |
| 2008-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steel Partners Holdings LP'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-102.38 Million | -8.72% |
| Other Components | $1.28 Billion | 108.72% |
| Total Equity | $1.17 Billion | 100.00% |
Steel Partners Holdings LP Competitors by Market Cap
The table below lists competitors of Steel Partners Holdings LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing E Hualu Info Tech
SHE:300212
|
$690.00 Million |
|
IPH Ltd
AU:IPH
|
$690.10 Million |
|
Hanwha REIT Co. Ltd.
KO:451800
|
$690.11 Million |
|
KT Submarine Co. Ltd
KQ:060370
|
$690.19 Million |
|
Xilong Chemical Co Ltd
SHE:002584
|
$689.37 Million |
|
CK Power Public Company Limited
BK:CKP-R
|
$689.15 Million |
|
Grocery Outlet Holding Corp
NASDAQ:GO
|
$689.03 Million |
|
Kunwu Jiuding Investment Holdings Co Ltd
SHG:600053
|
$688.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steel Partners Holdings LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 958,630,000 to 1,173,424,000, a change of 214,794,000 (22.4%).
- Net income of 11,380 contributed positively to equity growth.
- Dividend payments of 9,519,000 reduced retained earnings.
- Share repurchases of 111,356,000 reduced equity.
- Other comprehensive income increased equity by 18,842,000.
- Other factors increased equity by 316,815,620.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.38K | +0.0% |
| Dividends Paid | $9.52 Million | -0.81% |
| Share Repurchases | $111.36 Million | -9.49% |
| Other Comprehensive Income | $18.84 Million | +1.61% |
| Other Changes | $316.82 Million | +27.0% |
| Total Change | $- | 22.41% |
Book Value vs Market Value Analysis
This analysis compares Steel Partners Holdings LP'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: 0.74x
- 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 |
|---|---|---|---|
| 2008-12-31 | $0.00 | $36.01 | x |
| 2009-12-31 | $0.00 | $36.01 | x |
| 2010-12-31 | $16.09 | $36.01 | x |
| 2011-12-31 | $-25.51 | $36.01 | x |
| 2012-12-31 | $-20.17 | $36.01 | x |
| 2013-12-31 | $1.35 | $36.01 | x |
| 2014-12-31 | $0.10 | $36.01 | x |
| 2015-12-31 | $26.98 | $36.01 | x |
| 2016-12-31 | $26.59 | $36.01 | x |
| 2017-12-31 | $21.76 | $36.01 | x |
| 2018-12-31 | $-6.81 | $36.01 | x |
| 2019-12-31 | $-7.67 | $36.01 | x |
| 2020-12-31 | $-3.36 | $36.01 | x |
| 2021-12-31 | $-4.56 | $36.01 | x |
| 2022-12-31 | $29.83 | $36.01 | x |
| 2023-12-31 | $37.81 | $36.01 | x |
| 2024-12-31 | $48.78 | $36.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steel Partners Holdings LP 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.05x
- Recent ROE (0.00%) is above the historical average (-9.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-61.00 Million |
| 2010 | 7.83% | 7.81% | 0.37x | 2.69x | $-8.82 Million |
| 2011 | 0.00% | 4.95% | 0.63x | 0.00x | $99.79 Million |
| 2012 | 0.00% | 5.39% | 0.55x | 0.00x | $101.08 Million |
| 2013 | 46.80% | 2.42% | 0.53x | 36.59x | $15.30 Million |
| 2014 | -269.34% | -0.89% | 0.57x | 532.23x | $-7.84 Million |
| 2015 | 18.47% | 13.70% | 0.59x | 2.28x | $62.70 Million |
| 2016 | 0.94% | 0.57% | 0.59x | 2.79x | $-63.80 Million |
| 2017 | 0.00% | 0.00% | 0.63x | 3.82x | $-56.72 Million |
| 2018 | 0.00% | -2.06% | 0.67x | 0.00x | $-14.90 Million |
| 2019 | 0.00% | 0.76% | 0.67x | 0.00x | $31.04 Million |
| 2020 | 0.00% | 5.55% | 0.33x | 0.00x | $89.94 Million |
| 2021 | 0.00% | 8.62% | 0.57x | 0.00x | $144.59 Million |
| 2022 | 25.70% | 12.15% | 0.52x | 4.04x | $125.83 Million |
| 2023 | 15.73% | 7.92% | 0.48x | 4.16x | $54.97 Million |
| 2024 | 0.00% | 0.00% | 0.57x | 3.05x | $-117.33 Million |
Industry Comparison
This section compares Steel Partners Holdings LP's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $30,062,694,998
- Average return on equity (ROE) among peers: 7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steel Partners Holdings LP (SPLP) | $1.17 Billion | 0.00% | 2.05x | $689.61 Million |
| Air T Inc (AIRT) | $4.50 Million | 40.00% | 0.58x | $57.97 Million |
| Alpine 4 Holdings Inc (ALPP) | $-11.50 Million | 0.00% | 0.00x | $13.53K |
| Brookfield Business Corp (BBUC) | $2.63 Billion | -33.70% | 6.25x | $6.77 Billion |
| Boston Omaha Corp (BOC) | $526.59 Million | -0.01% | 0.22x | $361.33 Million |
| Dmc Global Inc (BOOM) | $557.72 Million | -0.83% | 0.55x | $106.32 Million |
| Compass Diversified Holdings (CODI) | $808.33 Million | 34.50% | 0.91x | $740.32 Million |
| Deluxe Corporation (DLX) | $748.00 Million | 24.45% | 0.47x | $1.28 Billion |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) | $-20.10 Million | 0.00% | 0.00x | $454.80 Million |
| FTAI Infrastructure Inc. (FIP) | $995.40 Million | -5.55% | 0.41x | $623.90 Million |
| Fujikura Ltd (FJIKY) | $294.38 Billion | 13.89% | 1.23x | $10.58 Billion |
About Steel Partners Holdings LP
Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel … Read more