Philly Shipyard ASA (PHLY) - Net Assets
Based on the latest financial reports, Philly Shipyard ASA (PHLY) has net assets worth Nkr11.90 Million NOK (≈ $1.25 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 (Nkr12.00 Million ≈ $1.26 Million USD) and total liabilities (Nkr100.00K ≈ $10.52K 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 Philly Shipyard ASA (PHLY) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr11.90 Million |
| % of Total Assets | 99.17% |
| Annual Growth Rate | 0.66% |
| 5-Year Change | 3.78% |
| 10-Year Change | N/A |
| Growth Volatility | 518.85 |
Philly Shipyard ASA - Net Assets Trend (2016–2024)
This chart illustrates how Philly Shipyard ASA's net assets have evolved over time, based on quarterly financial data. Also explore PHLY current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Philly Shipyard ASA (2016–2024)
The table below shows the annual net assets of Philly Shipyard ASA from 2016 to 2024. For live valuation and market cap data, see market cap of Philly Shipyard ASA.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr96.35 Million ≈ $10.14 Million |
+1551.26% |
| 2023-12-31 | Nkr5.83 Million ≈ $614.01K |
-92.09% |
| 2022-12-31 | Nkr73.77 Million ≈ $7.76 Million |
-13.72% |
| 2021-12-31 | Nkr85.50 Million ≈ $9.00 Million |
-7.91% |
| 2020-12-31 | Nkr92.84 Million ≈ $9.77 Million |
+1.73% |
| 2019-12-31 | Nkr91.27 Million ≈ $9.60 Million |
-18.13% |
| 2018-12-31 | Nkr111.48 Million ≈ $11.73 Million |
-28.35% |
| 2017-12-31 | Nkr155.58 Million ≈ $16.37 Million |
+70.25% |
| 2016-12-31 | Nkr91.38 Million ≈ $9.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Philly Shipyard 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr35.21 Million | 36.54% |
| Other Components | Nkr61.15 Million | 63.46% |
| Total Equity | Nkr96.35 Million | 100.00% |
Philly Shipyard ASA Competitors by Market Cap
The table below lists competitors of Philly Shipyard ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sweden BuyersClub AB
ST:BUY
|
$5.49 Million |
|
The GrowHub Limited Class A Ordinary Shares
NASDAQ:TGHL
|
$5.49 Million |
|
Pacific Assets Trust plc
LSE:PAC
|
$5.49 Million |
|
Cahaya Bintang Medan Tbk Pt
JK:CBMF
|
$5.49 Million |
|
Cerebra Integrated Technologies Limited
NSE:CEREBRAINT
|
$5.48 Million |
|
Rank Group PLC
LSE:RNK
|
$5.47 Million |
|
Cycurion, Inc.
NASDAQ:CYCU
|
$5.47 Million |
|
Senmiao Technology Ltd
NASDAQ:AIHS
|
$5.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Philly Shipyard ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,835,000 to 96,351,000, a change of 90,516,000 (1551.3%).
- Net income of 90,516,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr90.52 Million | +93.94% |
| Total Change | Nkr- | 1551.26% |
Book Value vs Market Value Analysis
This analysis compares Philly Shipyard 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: 0.54x
- 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 |
|---|---|---|---|
| 2016-12-31 | Nkr7.55 | Nkr4.30 | x |
| 2017-12-31 | Nkr12.85 | Nkr4.30 | x |
| 2018-12-31 | Nkr9.21 | Nkr4.30 | x |
| 2019-12-31 | Nkr7.54 | Nkr4.30 | x |
| 2020-12-31 | Nkr7.67 | Nkr4.30 | x |
| 2021-12-31 | Nkr7.06 | Nkr4.30 | x |
| 2022-12-31 | Nkr6.09 | Nkr4.30 | x |
| 2023-12-31 | Nkr0.48 | Nkr4.30 | x |
| 2024-12-31 | Nkr7.96 | Nkr4.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Philly Shipyard 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): 93.94%
- 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: 1.02x
- Recent ROE (93.94%) is above the historical average (-118.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 42.30% | 18.83% | 0.50x | 4.47x | Nkr29.51 Million |
| 2017 | 43.21% | 11.36% | 2.34x | 1.63x | Nkr51.67 Million |
| 2018 | -39.56% | -33.99% | 0.68x | 1.70x | Nkr-55.25 Million |
| 2019 | -22.15% | -71.66% | 0.17x | 1.77x | Nkr-29.34 Million |
| 2020 | 1.70% | 3.23% | 0.21x | 2.56x | Nkr-7.71 Million |
| 2021 | -8.54% | -3.41% | 0.49x | 5.11x | Nkr-15.85 Million |
| 2022 | -15.85% | -2.97% | 1.12x | 4.75x | Nkr-19.07 Million |
| 2023 | -1163.67% | 0.00% | 0.00x | 50.47x | Nkr-68.48 Million |
| 2024 | 93.94% | 0.00% | 0.00x | 1.02x | Nkr80.88 Million |
Industry Comparison
This section compares Philly Shipyard ASA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $684,473,500
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Philly Shipyard ASA (PHLY) | Nkr11.90 Million | 42.30% | 0.01x | $5.48 Million |
| Kongsberg Gruppen ASA (KOG) | $1.41 Billion | 0.00% | 2.82x | $28.69 Billion |
| Norsk Titanium AS (NTI) | $-37.05 Million | 0.00% | 0.00x | $97.82 Million |
About Philly Shipyard ASA
Philly Shipyard ASA is in the process of liquidation, operates a commercial shipyard that builds and repairs vessels for the United States Jones Act market and government. It owns a shipbuilding facility, which provides ocean-going merchant vessels, including containerships, product tankers, aframax tankers, and national security multi-mission vessels. Philly Shipyard ASA was formerly known as Ak… Read more