Hoegh LNG Partners LP (HLNG) - Net Assets
Based on the latest financial reports, Hoegh LNG Partners LP (HLNG) has net assets worth Nkr788.07 Million NOK (≈ $82.93 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.48 Billion ≈ $261.11 Million USD) and total liabilities (Nkr1.69 Billion ≈ $178.19 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 HLNG financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr788.07 Million |
| % of Total Assets | 31.76% |
| Annual Growth Rate | -1.11% |
| 5-Year Change | 12.11% |
| 10-Year Change | 70.02% |
| Growth Volatility | 51.3 |
Hoegh LNG Partners LP - Net Assets Trend (2008–2023)
This chart illustrates how Hoegh LNG Partners LP's net assets have evolved over time, based on quarterly financial data. Also explore HLNG current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hoegh LNG Partners LP (2008–2023)
The table below shows the annual net assets of Hoegh LNG Partners LP from 2008 to 2023. For live valuation and market cap data, see Hoegh LNG Partners LP market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr780.36 Million ≈ $82.12 Million |
+7.46% |
| 2022-12-31 | Nkr726.16 Million ≈ $76.41 Million |
+11.54% |
| 2021-12-31 | Nkr651.03 Million ≈ $68.51 Million |
+9.02% |
| 2020-12-31 | Nkr597.15 Million ≈ $62.84 Million |
-14.21% |
| 2019-12-31 | Nkr696.09 Million ≈ $73.25 Million |
-11.55% |
| 2018-12-31 | Nkr787.00 Million ≈ $82.81 Million |
+11.59% |
| 2017-12-31 | Nkr705.24 Million ≈ $74.21 Million |
+18.32% |
| 2016-12-31 | Nkr596.06 Million ≈ $62.72 Million |
+21.26% |
| 2015-12-31 | Nkr491.56 Million ≈ $51.73 Million |
+7.10% |
| 2014-12-31 | Nkr458.99 Million ≈ $48.30 Million |
+17.96% |
| 2013-12-31 | Nkr389.11 Million ≈ $40.95 Million |
+13.16% |
| 2012-12-31 | Nkr343.85 Million ≈ $36.18 Million |
+157.98% |
| 2011-12-31 | Nkr133.29 Million ≈ $14.03 Million |
+82.50% |
| 2010-12-31 | Nkr73.03 Million ≈ $7.69 Million |
-28.17% |
| 2009-12-31 | Nkr101.68 Million ≈ $10.70 Million |
-88.99% |
| 2008-12-31 | Nkr923.12 Million ≈ $97.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hoegh LNG Partners 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 230.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr12.00K | 0.00% |
| Other Components | Nkr903.34 Million | 149.49% |
| Total Equity | Nkr604.28 Million | 100.00% |
Hoegh LNG Partners LP Competitors by Market Cap
The table below lists competitors of Hoegh LNG Partners LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viking Tech
TWO:3624
|
$187.80 Million |
|
Torque Metals Ltd
AU:TOR
|
$187.84 Million |
|
Real Asset Acquisition Corp.
NASDAQ:RAAQ
|
$187.85 Million |
|
Hostelworld Group PLC
IR:HSW
|
$187.92 Million |
|
Alarko Carrier Sanayi ve Ticaret AS
IS:ALCAR
|
$187.71 Million |
|
Media Nusantara Citra Tbk PT
JK:MNCN
|
$187.56 Million |
|
Tah Hsin Industrial Corp
TW:1315
|
$187.50 Million |
|
Bonterra Energy Corp
TO:BNE
|
$187.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hoegh LNG Partners LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 550,081,000 to 604,284,000, a change of 54,203,000 (9.9%).
- Net income of 81,447,000 contributed positively to equity growth.
- Other factors decreased equity by 27,244,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr81.45 Million | +13.48% |
| Other Changes | Nkr-27.24 Million | -4.51% |
| Total Change | Nkr- | 9.85% |
Book Value vs Market Value Analysis
This analysis compares Hoegh LNG Partners 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: 4.65x
- 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 1.06x to 4.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Nkr21.98 | Nkr23.40 | x |
| 2009-12-31 | Nkr3.42 | Nkr23.40 | x |
| 2010-12-31 | Nkr2.67 | Nkr23.40 | x |
| 2011-12-31 | Nkr3.67 | Nkr23.40 | x |
| 2012-12-31 | Nkr5.16 | Nkr23.40 | x |
| 2013-12-31 | Nkr5.67 | Nkr23.40 | x |
| 2014-12-31 | Nkr5.27 | Nkr23.40 | x |
| 2015-12-31 | Nkr5.97 | Nkr23.40 | x |
| 2016-12-31 | Nkr5.90 | Nkr23.40 | x |
| 2017-12-31 | Nkr6.32 | Nkr23.40 | x |
| 2018-12-31 | Nkr6.34 | Nkr23.40 | x |
| 2019-12-31 | Nkr5.20 | Nkr23.40 | x |
| 2020-12-31 | Nkr3.88 | Nkr23.40 | x |
| 2021-12-31 | Nkr2.73 | Nkr23.40 | x |
| 2022-12-31 | Nkr4.58 | Nkr23.40 | x |
| 2023-12-31 | Nkr5.04 | Nkr23.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hoegh LNG Partners 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): 13.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.77%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.32x
- Recent ROE (13.48%) is above the historical average (-4.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -23.44% | -229.04% | 0.02x | 4.81x | Nkr-216.47 Million |
| 2009 | 12.34% | 18.37% | 0.11x | 5.91x | Nkr2.36 Million |
| 2010 | -15.45% | -11.90% | 0.15x | 8.83x | Nkr-18.71 Million |
| 2011 | -13.20% | -16.74% | 0.14x | 5.59x | Nkr-30.93 Million |
| 2012 | 2.59% | 7.34% | 0.11x | 3.12x | Nkr-25.49 Million |
| 2013 | -5.35% | -12.13% | 0.16x | 2.83x | Nkr-59.71 Million |
| 2014 | -25.91% | -64.20% | 0.11x | 3.75x | Nkr-130.02 Million |
| 2015 | -8.93% | -18.63% | 0.13x | 3.56x | Nkr-79.97 Million |
| 2016 | 0.29% | 0.59% | 0.13x | 3.84x | Nkr-43.30 Million |
| 2017 | 3.85% | 6.75% | 0.14x | 4.09x | Nkr-29.47 Million |
| 2018 | 6.47% | 9.61% | 0.15x | 4.61x | Nkr-17.67 Million |
| 2019 | 2.03% | 2.56% | 0.12x | 6.56x | Nkr-31.59 Million |
| 2020 | 0.05% | 0.05% | 0.13x | 8.36x | Nkr-29.43 Million |
| 2021 | -6.50% | -6.61% | 0.13x | 7.42x | Nkr-54.02 Million |
| 2022 | -10.07% | -15.34% | 0.15x | 4.42x | Nkr-110.42 Million |
| 2023 | 13.48% | 16.77% | 0.19x | 4.32x | Nkr21.02 Million |
Industry Comparison
This section compares Hoegh LNG Partners LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $568,556,048
- Average return on equity (ROE) among peers: 9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hoegh LNG Partners LP (HLNG) | Nkr788.07 Million | -23.44% | 2.15x | $187.76 Million |
| Awilco LNG ASA (ALNG) | $127.03 Million | -25.04% | 2.15x | $57.05 Million |
| FLEX LNG Ltd (FLNG) | $907.09 Million | 20.73% | 1.95x | $1.45 Billion |
| Frontline Ltd (FRO) | $1.21 Billion | 42.66% | 2.79x | $7.89 Billion |
| Hunter Group ASA (HUNT) | $30.43 Million | -0.81% | 0.09x | $83.27 Million |
About Hoegh LNG Partners LP
Höegh LNG Holdings Ltd., together with its subsidiaries, provides floating energy solutions worldwide. The company operates through four segments: HMLP, Operations, Business Development, and Project Execution. It owns and operates floating LNG import terminals, floating storage and regasification units (FSRUs), and LNG carriers (LNGCs). The company also acquires FSRUs, LNGCs, and other LNG infras… Read more