Black Sea Property A/S
Black Sea Property AS engages in the operation of holiday resort under the Aheloy Beach Resort name in Bulgaria. It is also involved in real estate investment; and property development and rental businesses. The company was founded in 2015 and is based in Oslo, Norway.
Black Sea Property A/S (BSP) - Net Assets
Latest net assets as of June 2025: Nkr168.37 Million NOK
Based on the latest financial reports, Black Sea Property A/S (BSP) has net assets worth Nkr168.37 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr393.76 Million) and total liabilities (Nkr225.39 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 | Nkr168.37 Million |
| % of Total Assets | 42.76% |
| Annual Growth Rate | 18.72% |
| 5-Year Change | 48.14% |
| 10-Year Change | N/A |
| Growth Volatility | 10.56 |
Black Sea Property A/S - Net Assets Trend (2015–2024)
This chart illustrates how Black Sea Property A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Black Sea Property A/S (2015–2024)
The table below shows the annual net assets of Black Sea Property A/S from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr154.51 Million | +4.09% |
| 2023-12-31 | Nkr148.44 Million | +12.23% |
| 2022-12-31 | Nkr132.26 Million | +5.29% |
| 2021-12-31 | Nkr125.61 Million | +20.43% |
| 2020-12-31 | Nkr104.30 Million | +16.40% |
| 2019-12-31 | Nkr89.60 Million | +28.50% |
| 2018-12-31 | Nkr69.73 Million | +33.27% |
| 2017-12-31 | Nkr52.33 Million | +34.65% |
| 2016-12-31 | Nkr38.86 Million | +17.87% |
| 2015-12-31 | Nkr32.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Black Sea Property A/S'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 14310300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr13.09 Million | 11.93% |
| Other Components | Nkr250.13 Million | 227.98% |
| Total Equity | Nkr109.72 Million | 100.00% |
Black Sea Property A/S Competitors by Market Cap
The table below lists competitors of Black Sea Property A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lisi SA
STU:LI3
|
$476.60K |
|
Global Energy Metals Corp
OTCQB:GBLEF
|
$476.75K |
|
FREEPORT MCMORAN - Dusseldorf Stock Exchang
DU:FPMB
|
$476.88K |
|
Green Leaf Innovations Inc
PINK:GRLF
|
$477.10K |
|
EIENDOMSSPAR
OL:EISP
|
$476.31K |
|
The Limestone Boat Company Limited
PINK:LMSBF
|
$476.25K |
|
BANK PEKAO
MU:BP1
|
$475.94K |
|
Nexpe Participações S.A.
SA:NEXP3
|
$475.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Black Sea Property A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 105,100,000 to 109,716,000, a change of 4,616,000 (4.4%).
- Net loss of 15,971,000 reduced equity.
- New share issuances of 18,891,000 increased equity.
- Other factors increased equity by 1,696,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-15.97 Million | -14.56% |
| Share Issuances | Nkr18.89 Million | +17.22% |
| Other Changes | Nkr1.70 Million | +1.55% |
| Total Change | Nkr- | 4.39% |
Book Value vs Market Value Analysis
This analysis compares Black Sea Property A/S'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: 0.00x
- 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 |
|---|---|---|---|
| 2015-12-31 | Nkr49039.26 | Nkr3.55 | x |
| 2016-12-31 | Nkr53380.17 | Nkr3.55 | x |
| 2017-12-31 | Nkr23286.05 | Nkr3.55 | x |
| 2018-12-31 | Nkr43203.83 | Nkr3.55 | x |
| 2019-12-31 | Nkr48031.10 | Nkr3.55 | x |
| 2020-12-31 | Nkr27386.54 | Nkr3.55 | x |
| 2021-12-31 | Nkr18082.73 | Nkr3.55 | x |
| 2022-12-31 | Nkr18242.47 | Nkr3.55 | x |
| 2023-12-31 | Nkr13944.54 | Nkr3.55 | x |
| 2024-12-31 | Nkr14556.99 | Nkr3.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Black Sea Property A/S 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): -14.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -225.74%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 3.45x
- Recent ROE (-14.56%) is above the historical average (-17.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -20.70% | -1933.86% | 0.00x | 6.48x | Nkr-7.29 Million |
| 2016 | -31.79% | -39109.52% | 0.00x | 6.89x | Nkr-10.80 Million |
| 2017 | -15.99% | 0.00% | 0.00x | 11.20x | Nkr-5.08 Million |
| 2018 | -22.63% | 0.00% | 0.00x | 4.81x | Nkr-14.73 Million |
| 2019 | -17.55% | 0.00% | 0.00x | 4.07x | Nkr-16.59 Million |
| 2020 | -7.25% | 0.00% | 0.00x | 3.90x | Nkr-10.74 Million |
| 2021 | -39.77% | 0.00% | 0.00x | 2.23x | Nkr-47.32 Million |
| 2022 | -1.57% | -279.30% | 0.00x | 2.67x | Nkr-10.65 Million |
| 2023 | 0.11% | 2.83% | 0.01x | 3.03x | Nkr-10.39 Million |
| 2024 | -14.56% | -225.74% | 0.02x | 3.45x | Nkr-26.94 Million |
Industry Comparison
This section compares Black Sea Property A/S's net assets metrics with peer companies in the Lodging industry.
No peer company data available for comparison.