ADS Maritime Holding Plc (ADS) - Net Assets
Based on the latest financial reports, ADS Maritime Holding Plc (ADS) has net assets worth Nkr21.21 Million NOK (≈ $2.23 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 (Nkr21.94 Million ≈ $2.31 Million USD) and total liabilities (Nkr731.00K ≈ $76.92K USD). 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 ADS Maritime Holding Plc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr21.21 Million |
| % of Total Assets | 96.67% |
| Annual Growth Rate | -14.67% |
| 5-Year Change | -61.32% |
| 10-Year Change | N/A |
| Growth Volatility | 106.94 |
ADS Maritime Holding Plc - Net Assets Trend (2018–2024)
This chart illustrates how ADS Maritime Holding Plc's net assets have evolved over time, based on quarterly financial data. Also explore ADS Maritime Holding Plc (ADS) total assets for the complete picture of this company's asset base.
Annual Net Assets for ADS Maritime Holding Plc (2018–2024)
The table below shows the annual net assets of ADS Maritime Holding Plc from 2018 to 2024. For live valuation and market cap data, see ADS Maritime Holding Plc (ADS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr21.60 Million ≈ $2.27 Million |
+7.48% |
| 2023-12-31 | Nkr20.10 Million ≈ $2.11 Million |
+21.70% |
| 2022-12-31 | Nkr16.51 Million ≈ $1.74 Million |
+256.75% |
| 2021-12-31 | Nkr4.63 Million ≈ $487.10K |
-91.71% |
| 2020-12-31 | Nkr55.84 Million ≈ $5.88 Million |
+4.30% |
| 2019-12-31 | Nkr53.54 Million ≈ $5.63 Million |
-4.37% |
| 2018-12-31 | Nkr55.99 Million ≈ $5.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ADS Maritime Holding Plc'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 6551.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr6.78 Million | 31.40% |
| Other Components | Nkr14.82 Million | 68.60% |
| Total Equity | Nkr21.60 Million | 100.00% |
ADS Maritime Holding Plc Competitors by Market Cap
The table below lists competitors of ADS Maritime Holding Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clime Investment Management Ltd
AU:CIW
|
$18.68 Million |
|
Great Southern Mining Ltd
AU:GSN
|
$18.68 Million |
|
China Times Publishing Co
TWO:8923
|
$18.71 Million |
|
Dilli Illustrate Inc
KQ:131180
|
$18.72 Million |
|
Berkosan Yalitim ve Tecrit Maddeleri Uretim ve Ticaret AS
IS:BRKSN
|
$18.68 Million |
|
Theta Edge Bhd
KLSE:9075
|
$18.66 Million |
|
FACILITIES BY ADF LS-01
F:ZC8
|
$18.66 Million |
|
Hanil Chemical Ind. Co. Ltd
KQ:007770
|
$18.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADS Maritime Holding Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,099,000 to 21,603,000, a change of 1,504,000 (7.5%).
- Net income of 1,664,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.66 Million | +7.7% |
| Other Changes | Nkr-160.00K | -0.74% |
| Total Change | Nkr- | 7.48% |
Book Value vs Market Value Analysis
This analysis compares ADS Maritime Holding Plc'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: 8.22x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.04x to 8.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr2.39 | Nkr2.50 | x |
| 2019-12-31 | Nkr2.28 | Nkr2.50 | x |
| 2020-12-31 | Nkr2.38 | Nkr2.50 | x |
| 2021-12-31 | Nkr0.20 | Nkr2.50 | x |
| 2022-12-31 | Nkr0.71 | Nkr2.50 | x |
| 2023-12-31 | Nkr0.28 | Nkr2.50 | x |
| 2024-12-31 | Nkr0.30 | Nkr2.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADS Maritime Holding Plc 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): 7.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 803.86%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.04x
- Recent ROE (7.70%) is below the historical average (13.20%), 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 | -6.44% | -8.16% | 0.41x | 1.92x | Nkr-8.80 Million |
| 2020 | 35.02% | 34.21% | 1.00x | 1.02x | Nkr13.97 Million |
| 2021 | -4.21% | -847.83% | 0.00x | 1.02x | Nkr-657.90K |
| 2022 | 28.71% | 3161.33% | 0.01x | 1.69x | Nkr3.09 Million |
| 2023 | 18.41% | 272.46% | 0.04x | 1.59x | Nkr1.69 Million |
| 2024 | 7.70% | 803.86% | 0.01x | 1.04x | Nkr-496.30K |
Industry Comparison
This section compares ADS Maritime Holding Plc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $650,547,358
- Average return on equity (ROE) among peers: 7.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADS Maritime Holding Plc (ADS) | Nkr21.21 Million | -6.44% | 0.03x | $18.68 Million |
| 2020 Bulkers Ltd (2020) | $161.00 Million | 15.90% | 1.34x | $7.25 Million |
| American Shipping Company ASA (AMSC) | $224.24 Million | 6.56% | 3.04x | $7.19K |
| BW LPG Ltd (BWLPG) | $1.94 Billion | 18.29% | 0.71x | $2.96 Billion |
| Golden Energy Offshore Services AS (GEOS) | $269.72 Million | 28.02% | 0.01x | $58.11 Million |
| Golden Ocean Group Ltd (GOGL) | $277.69 Million | -19.24% | 0.43x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $397.82 Million | 0.74% | 2.07x | $4.30 Billion |
| Hoegh Autoliners ASA (HAUTO) | $801.24 Million | 15.57% | 1.06x | $2.66 Billion |
| Havila Shipping ASA (HAVI) | $1.70 Billion | -0.53% | 2.94x | $32.72 Million |
| Himalaya Shipping Ltd (HSHP) | $90.69 Million | -2.21% | 0.97x | $623.43 Million |
About ADS Maritime Holding Plc
ADS Maritime Holding Plc operates as a shipping investment company in Cyprus. It holds investments in vessels, including shuttle tankers, MR tankers, chartered tonnage, and others. The company was incorporated in 2018 and is based in Limassol, Cyprus.