Baltic Sea Properties AS
Baltic Sea Properties AS engages in the acquisition, development, letting, and rental of investment properties in Lithuania. It develops and invests in real estate in the logistics, industrial, and commercial segments. Baltic Sea Properties AS was founded in 2005 and is headquartered in Oslo, Norway.
Baltic Sea Properties AS (BALT) - Net Assets
Latest net assets as of September 2025: Nkr617.42 Million NOK
Based on the latest financial reports, Baltic Sea Properties AS (BALT) has net assets worth Nkr617.42 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.50 Billion) and total liabilities (Nkr881.60 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 | Nkr617.42 Million |
| % of Total Assets | 41.19% |
| Annual Growth Rate | 15.36% |
| 5-Year Change | 196.88% |
| 10-Year Change | 254.74% |
| Growth Volatility | 25.62 |
Baltic Sea Properties AS - Net Assets Trend (2014–2024)
This chart illustrates how Baltic Sea Properties AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Baltic Sea Properties AS (2014–2024)
The table below shows the annual net assets of Baltic Sea Properties AS from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr613.49 Million | +36.31% |
| 2023-12-31 | Nkr450.06 Million | +10.94% |
| 2022-12-31 | Nkr405.68 Million | +87.60% |
| 2021-12-31 | Nkr216.25 Million | +4.65% |
| 2020-12-31 | Nkr206.65 Million | +13.69% |
| 2019-12-31 | Nkr181.77 Million | +0.08% |
| 2018-12-31 | Nkr181.62 Million | +2.38% |
| 2017-12-31 | Nkr177.40 Million | +4.28% |
| 2016-12-31 | Nkr170.12 Million | -1.63% |
| 2015-12-31 | Nkr172.94 Million | +17.67% |
| 2014-12-31 | Nkr146.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Baltic Sea Properties AS'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 545.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr398.59 Million | 64.97% |
| Common Stock | Nkr870.00K | 0.14% |
| Other Comprehensive Income | Nkr-999.00 | 0.00% |
| Other Components | Nkr214.03 Million | 34.89% |
| Total Equity | Nkr613.49 Million | 100.00% |
Baltic Sea Properties AS Competitors by Market Cap
The table below lists competitors of Baltic Sea Properties AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpa Laboratories Limited
NSE:ALPA
|
$5.55 Million |
|
IVVCL
SN:IVVCL
|
$5.55 Million |
|
Mason Graphite Inc.
OTCQB:MGPHF
|
$5.55 Million |
|
Binah Capital Group, Inc. Common Stock
NASDAQ:BCG
|
$5.55 Million |
|
Hawthorn Resources Ltd
AU:HAW
|
$5.55 Million |
|
Power Line Engineering Public Company Limited
BK:PLE
|
$5.55 Million |
|
Stock Trend Capital Inc.
PINK:STOCF
|
$5.54 Million |
|
SUNEX S.A.
WAR:SNX
|
$5.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baltic Sea Properties AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 450,061,000 to 613,494,000, a change of 163,433,000 (36.3%).
- Net income of 55,325,000 contributed positively to equity growth.
- Dividend payments of 11,692,000 reduced retained earnings.
- Share repurchases of 95,444,000 reduced equity.
- New share issuances of 95,444,000 increased equity.
- Other comprehensive income decreased equity by 999.
- Other factors increased equity by 119,800,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr55.33 Million | +9.02% |
| Dividends Paid | Nkr11.69 Million | -1.91% |
| Share Repurchases | Nkr95.44 Million | -15.56% |
| Share Issuances | Nkr95.44 Million | +15.56% |
| Other Comprehensive Income | Nkr-999.00 | -0.0% |
| Other Changes | Nkr119.80 Million | +19.53% |
| Total Change | Nkr- | 36.31% |
Book Value vs Market Value Analysis
This analysis compares Baltic Sea Properties AS'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: 0.67x
- 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 1.66x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Nkr28.45 | Nkr47.20 | x |
| 2015-12-31 | Nkr33.48 | Nkr47.20 | x |
| 2016-12-31 | Nkr32.93 | Nkr47.20 | x |
| 2017-12-31 | Nkr34.34 | Nkr47.20 | x |
| 2018-12-31 | Nkr35.30 | Nkr47.20 | x |
| 2019-12-31 | Nkr27.26 | Nkr47.20 | x |
| 2020-12-31 | Nkr30.99 | Nkr47.20 | x |
| 2021-12-31 | Nkr32.41 | Nkr47.20 | x |
| 2022-12-31 | Nkr60.75 | Nkr47.20 | x |
| 2023-12-31 | Nkr67.40 | Nkr47.20 | x |
| 2024-12-31 | Nkr70.62 | Nkr47.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baltic Sea Properties AS 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): 9.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 57.38%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.34x
- Recent ROE (9.02%) is above the historical average (4.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.77% | 2.03% | 0.09x | 4.13x | Nkr-13.56 Million |
| 2015 | 15.92% | 45.52% | 0.09x | 3.73x | Nkr10.24 Million |
| 2016 | 6.84% | 18.52% | 0.10x | 3.73x | Nkr-5.38 Million |
| 2017 | -4.05% | -10.65% | 0.10x | 3.66x | Nkr-24.93 Million |
| 2018 | -0.31% | -0.75% | 0.12x | 3.46x | Nkr-18.72 Million |
| 2019 | -22.45% | -74.74% | 0.08x | 3.67x | Nkr-58.98 Million |
| 2020 | 7.16% | 23.92% | 0.10x | 2.96x | Nkr-5.86 Million |
| 2021 | 13.39% | 45.39% | 0.10x | 3.06x | Nkr7.34 Million |
| 2022 | 11.58% | 67.58% | 0.06x | 2.71x | Nkr6.41 Million |
| 2023 | 6.44% | 31.73% | 0.08x | 2.67x | Nkr-16.04 Million |
| 2024 | 9.02% | 57.38% | 0.07x | 2.34x | Nkr-6.02 Million |
Industry Comparison
This section compares Baltic Sea Properties AS's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $7,202,296,332
- Average return on equity (ROE) among peers: 4.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baltic Sea Properties AS (BALT) | Nkr617.42 Million | 0.77% | 1.43x | $5.55 Million |
| Aurora Eiendom A.S. (AURA) | $2.69 Billion | 24.30% | 1.09x | $27.90 Million |
| Kmc Properties ASA (KMCP) | $2.73 Billion | 14.27% | 0.77x | $502.99K |
| Olav Thon Eien (OLT) | $26.83 Billion | 9.38% | 1.18x | $681.70 Million |
| Public Property Invest AS (PUBLI) | $3.75 Billion | -16.61% | 1.58x | $431.20 Million |
| RomReal Limited (ROM) | $18.50 Million | -10.22% | 0.03x | $1.22 Million |