American Shipping Company ASA (AMSC) - Net Assets
Based on the latest financial reports, American Shipping Company ASA (AMSC) has net assets worth Nkr108.10 Million NOK (≈ $11.38 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 (Nkr121.10 Million ≈ $12.74 Million USD) and total liabilities (Nkr13.00 Million ≈ $1.37 Million 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 financial resilience of American Shipping Company ASA to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr108.10 Million |
| % of Total Assets | 89.27% |
| Annual Growth Rate | 14.52% |
| 5-Year Change | 1263.19% |
| 10-Year Change | 880.48% |
| Growth Volatility | 139.72 |
American Shipping Company ASA - Net Assets Trend (2006–2024)
This chart illustrates how American Shipping Company ASA's net assets have evolved over time, based on quarterly financial data. Also explore total assets of American Shipping Company ASA for the complete picture of this company's asset base.
Annual Net Assets for American Shipping Company ASA (2006–2024)
The table below shows the annual net assets of American Shipping Company ASA from 2006 to 2024. For live valuation and market cap data, see AMSC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.20 Billion ≈ $231.36 Million |
+88.79% |
| 2023-12-31 | Nkr1.16 Billion ≈ $122.55 Million |
+565.40% |
| 2022-12-31 | Nkr175.02 Million ≈ $18.42 Million |
+17.30% |
| 2021-12-31 | Nkr149.21 Million ≈ $15.70 Million |
-7.49% |
| 2020-12-31 | Nkr161.28 Million ≈ $16.97 Million |
-2.23% |
| 2019-12-31 | Nkr164.97 Million ≈ $17.36 Million |
-6.30% |
| 2018-12-31 | Nkr176.07 Million ≈ $18.53 Million |
-5.78% |
| 2017-12-31 | Nkr186.87 Million ≈ $19.66 Million |
-4.48% |
| 2016-12-31 | Nkr195.64 Million ≈ $20.59 Million |
-12.75% |
| 2015-12-31 | Nkr224.24 Million ≈ $23.60 Million |
-4.39% |
| 2014-12-31 | Nkr234.54 Million ≈ $24.68 Million |
+222.19% |
| 2013-12-31 | Nkr72.80 Million ≈ $7.66 Million |
+73.79% |
| 2012-12-31 | Nkr41.89 Million ≈ $4.41 Million |
-17.49% |
| 2011-12-31 | Nkr50.77 Million ≈ $5.34 Million |
-12.82% |
| 2010-12-31 | Nkr58.23 Million ≈ $6.13 Million |
-26.07% |
| 2009-12-31 | Nkr78.77 Million ≈ $8.29 Million |
-22.02% |
| 2008-12-31 | Nkr101.01 Million ≈ $10.63 Million |
-35.14% |
| 2007-12-31 | Nkr155.73 Million ≈ $16.39 Million |
-18.74% |
| 2006-12-31 | Nkr191.66 Million ≈ $20.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to American Shipping Company ASA'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 4508.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr518.46 Million | 23.58% |
| Other Components | Nkr1.68 Billion | 76.42% |
| Total Equity | Nkr2.20 Billion | 100.00% |
American Shipping Company ASA Competitors by Market Cap
The table below lists competitors of American Shipping Company ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NewHold Investment Corp III Warrants
NASDAQ:NHICW
|
$7.25K |
|
Versarien PLC
LSE:VRS
|
$7.31K |
|
Bagfas Bandirma Gubre Fabrikalari AS
IS:BAGFS
|
$7.46K |
|
Taylor Maritime Investments Ltd
LSE:TMI
|
$7.64K |
|
Grand Vision Media Holdings PLC
LSE:GVMH
|
$7.03K |
|
CuChi Commercial and Industrial Developing Investment JSC
VN:CCI
|
$7.02K |
|
SCG PACKAGING -FGN- BA 1
F:5Y7A
|
$6.76K |
|
Taiwan Pelican Express Co Ltd
TW:2642
|
$6.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Shipping Company ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,164,581,992 to 2,198,600,000, a change of 1,034,018,008 (88.8%).
- Net income of 826,544,000 contributed positively to equity growth.
- Dividend payments of 160,702,000 reduced retained earnings.
- New share issuances of 3,402,000 increased equity.
- Other factors increased equity by 364,774,008.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr826.54 Million | +37.59% |
| Dividends Paid | Nkr160.70 Million | -7.31% |
| Share Issuances | Nkr3.40 Million | +0.15% |
| Other Changes | Nkr364.77 Million | +16.59% |
| Total Change | Nkr- | 88.79% |
Book Value vs Market Value Analysis
This analysis compares American Shipping Company ASA'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: 0.05x
- 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 0.21x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | Nkr6.94 | Nkr1.48 | x |
| 2007-12-31 | Nkr5.64 | Nkr1.48 | x |
| 2008-12-31 | Nkr3.66 | Nkr1.48 | x |
| 2009-12-31 | Nkr2.85 | Nkr1.48 | x |
| 2010-12-31 | Nkr2.11 | Nkr1.48 | x |
| 2011-12-31 | Nkr1.84 | Nkr1.48 | x |
| 2012-12-31 | Nkr1.52 | Nkr1.48 | x |
| 2013-12-31 | Nkr2.64 | Nkr1.48 | x |
| 2014-12-31 | Nkr3.90 | Nkr1.48 | x |
| 2015-12-31 | Nkr3.70 | Nkr1.48 | x |
| 2016-12-31 | Nkr3.23 | Nkr1.48 | x |
| 2017-12-31 | Nkr3.08 | Nkr1.48 | x |
| 2018-12-31 | Nkr2.90 | Nkr1.48 | x |
| 2019-12-31 | Nkr2.72 | Nkr1.48 | x |
| 2020-12-31 | Nkr2.66 | Nkr1.48 | x |
| 2021-12-31 | Nkr2.46 | Nkr1.48 | x |
| 2022-12-31 | Nkr2.76 | Nkr1.48 | x |
| 2023-12-31 | Nkr16.21 | Nkr1.48 | x |
| 2024-12-31 | Nkr30.59 | Nkr1.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Shipping Company ASA 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): 37.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (37.59%) is above the historical average (-0.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.45% | 0.00% | 0.00x | 1.97x | Nkr-8.71 Million |
| 2007 | -23.07% | -282.91% | 0.02x | 3.68x | Nkr-51.50 Million |
| 2008 | -73.97% | -224.11% | 0.05x | 7.07x | Nkr-84.82 Million |
| 2009 | -1.66% | -2.40% | 0.06x | 11.00x | Nkr-9.18 Million |
| 2010 | -35.26% | -30.06% | 0.07x | 17.31x | Nkr-26.36 Million |
| 2011 | -14.70% | -8.90% | 0.08x | 20.44x | Nkr-12.54 Million |
| 2012 | -21.20% | -10.11% | 0.09x | 22.95x | Nkr-13.07 Million |
| 2013 | 42.46% | 35.38% | 0.09x | 12.81x | Nkr23.63 Million |
| 2014 | 9.80% | 26.22% | 0.09x | 4.26x | Nkr-472.50K |
| 2015 | 6.56% | 16.76% | 0.10x | 4.04x | Nkr-7.71 Million |
| 2016 | 3.63% | 8.08% | 0.10x | 4.55x | Nkr-12.45 Million |
| 2017 | 7.12% | 15.16% | 0.10x | 4.53x | Nkr-5.38 Million |
| 2018 | 4.88% | 9.78% | 0.11x | 4.61x | Nkr-9.02 Million |
| 2019 | 5.03% | 9.46% | 0.12x | 4.56x | Nkr-8.20 Million |
| 2020 | 11.27% | 20.61% | 0.12x | 4.49x | Nkr2.05 Million |
| 2021 | 8.99% | 15.20% | 0.12x | 4.78x | Nkr-1.51 Million |
| 2022 | 10.66% | 19.92% | 0.11x | 4.74x | Nkr1.15 Million |
| 2023 | 12.28% | 0.00% | 0.00x | 1.68x | Nkr26.51 Million |
| 2024 | 37.59% | 0.00% | 0.00x | 1.01x | Nkr606.68 Million |
Industry Comparison
This section compares American Shipping Company ASA's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $627,467,025
- Average return on equity (ROE) among peers: 9.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Shipping Company ASA (AMSC) | Nkr108.10 Million | 5.45% | 0.12x | $7.19K |
| 2020 Bulkers Ltd (2020) | $161.00 Million | 15.90% | 1.34x | $7.25 Million |
| ADS Maritime Holding Plc (ADS) | $16.51 Million | 28.72% | 0.69x | $18.68 Million |
| 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 American Shipping Company ASA
AMSC ASA does not have significant operations. Previously, the company invested in maritime assets and companies in the United States. The company was formerly known as American Shipping Company ASA and changed its name to AMSC ASA in October 2022. AMSC ASA was founded in 2005 and is headquartered in Lysaker, Norway.