SeaBird Exploration Plc
SeaBird Exploration Plc, acquires and processes marine seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. It offers 2D seismic; and source vessels that provide conventional undershoot, 4D repeat survey, wide azimuth, push reverse, long-term charter and vessel management, in-house source modelling and environmental decay ana… Read more
SeaBird Exploration Plc (SBX) - Net Assets
Latest net assets as of December 2024: Nkr29.70 Million NOK
Based on the latest financial reports, SeaBird Exploration Plc (SBX) has net assets worth Nkr29.70 Million NOK as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr49.93 Million) and total liabilities (Nkr20.23 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 | Nkr29.70 Million |
| % of Total Assets | 59.49% |
| Annual Growth Rate | 14.37% |
| 5-Year Change | -17.46% |
| 10-Year Change | -0.92% |
| Growth Volatility | 188.97 |
SeaBird Exploration Plc - Net Assets Trend (2003–2024)
This chart illustrates how SeaBird Exploration Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SeaBird Exploration Plc (2003–2024)
The table below shows the annual net assets of SeaBird Exploration Plc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr29.70 Million | +10.81% |
| 2023-12-31 | Nkr26.80 Million | -10.10% |
| 2022-12-31 | Nkr29.82 Million | +5.19% |
| 2021-12-31 | Nkr28.34 Million | -21.23% |
| 2020-12-31 | Nkr35.98 Million | -23.56% |
| 2019-12-31 | Nkr47.08 Million | +25.51% |
| 2018-12-31 | Nkr37.51 Million | +139.43% |
| 2017-12-31 | Nkr15.67 Million | -29.01% |
| 2016-12-31 | Nkr22.07 Million | -26.38% |
| 2015-12-31 | Nkr29.98 Million | +173.25% |
| 2014-12-31 | Nkr-40.92 Million | -171.01% |
| 2013-12-31 | Nkr57.63 Million | +9.15% |
| 2012-12-31 | Nkr52.80 Million | +7.10% |
| 2011-12-31 | Nkr49.30 Million | -62.91% |
| 2010-12-31 | Nkr132.94 Million | -34.63% |
| 2009-12-31 | Nkr203.37 Million | -6.34% |
| 2008-12-31 | Nkr217.13 Million | +20.88% |
| 2007-12-31 | Nkr179.62 Million | -4.84% |
| 2006-12-31 | Nkr188.75 Million | +335.64% |
| 2005-12-31 | Nkr43.33 Million | +186.25% |
| 2004-12-31 | Nkr15.14 Million | +754.98% |
| 2003-12-31 | Nkr1.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SeaBird Exploration Plc'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 403.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr8.76 Million | 29.50% |
| Other Components | Nkr20.94 Million | 70.50% |
| Total Equity | Nkr29.70 Million | 100.00% |
SeaBird Exploration Plc Competitors by Market Cap
The table below lists competitors of SeaBird Exploration Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nobland International
KQ:145170
|
$23.16 Million |
|
Scienjoy Holding Corp
NASDAQ:SJ
|
$23.18 Million |
|
Ester Industries Limited
NSE:ESTER
|
$23.18 Million |
|
Mega Fortune Company Limited Ordinary Shares
NASDAQ:MGRT
|
$23.18 Million |
|
Mr. Blue Corporation
KQ:207760
|
$23.15 Million |
|
Wilton Resources Inc
PINK:WLTNF
|
$23.15 Million |
|
Embrace Change Acquisition Corp.
NASDAQ:EMCGU
|
$23.13 Million |
|
Arihant Capital Markets Limited
NSE:ARIHANTCAP
|
$23.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SeaBird Exploration Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,803,000 to 29,701,000, a change of 2,898,000 (10.8%).
- Net income of 6,718,000 contributed positively to equity growth.
- Dividend payments of 3,749,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr6.72 Million | +22.62% |
| Dividends Paid | Nkr3.75 Million | -12.62% |
| Other Changes | Nkr-71.00K | -0.24% |
| Total Change | Nkr- | 10.81% |
Book Value vs Market Value Analysis
This analysis compares SeaBird Exploration Plc'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: 23.95x
- 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 0.00x to 23.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | Nkr21075.74 | Nkr8.84 | x |
| 2004-12-31 | Nkr180192.85 | Nkr8.84 | x |
| 2005-12-31 | Nkr515799.63 | Nkr8.84 | x |
| 2006-12-31 | Nkr1731663.14 | Nkr8.84 | x |
| 2007-12-31 | Nkr1647908.26 | Nkr8.84 | x |
| 2008-12-31 | Nkr1809425.00 | Nkr8.84 | x |
| 2009-12-31 | Nkr861716.10 | Nkr8.84 | x |
| 2010-12-31 | Nkr624117.37 | Nkr8.84 | x |
| 2011-12-31 | Nkr116278.30 | Nkr8.84 | x |
| 2012-12-31 | Nkr92148.34 | Nkr8.84 | x |
| 2013-12-31 | Nkr74075.84 | Nkr8.84 | x |
| 2014-12-31 | Nkr-52597.69 | Nkr8.84 | x |
| 2015-12-31 | Nkr858.52 | Nkr8.84 | x |
| 2016-12-31 | Nkr1091.50 | Nkr8.84 | x |
| 2017-12-31 | Nkr9.38 | Nkr8.84 | x |
| 2018-12-31 | Nkr2.97 | Nkr8.84 | x |
| 2019-12-31 | Nkr1.78 | Nkr8.84 | x |
| 2020-12-31 | Nkr1.25 | Nkr8.84 | x |
| 2021-12-31 | Nkr0.89 | Nkr8.84 | x |
| 2022-12-31 | Nkr0.49 | Nkr8.84 | x |
| 2023-12-31 | Nkr0.33 | Nkr8.84 | x |
| 2024-12-31 | Nkr0.37 | Nkr8.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SeaBird Exploration Plc 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): 22.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.95%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.68x
- Recent ROE (22.62%) is above the historical average (-35.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -137.56% | -24.59% | 0.79x | 7.07x | Nkr-2.61 Million |
| 2004 | 27.52% | 50.79% | 0.36x | 1.49x | Nkr2.65 Million |
| 2005 | 15.09% | 29.76% | 0.38x | 1.35x | Nkr2.20 Million |
| 2006 | 5.84% | 23.83% | 0.16x | 1.55x | Nkr-7.85 Million |
| 2007 | -4.97% | -9.32% | 0.23x | 2.36x | Nkr-26.89 Million |
| 2008 | 9.28% | 9.34% | 0.49x | 2.03x | Nkr-1.55 Million |
| 2009 | -30.37% | -38.22% | 0.38x | 2.12x | Nkr-82.11 Million |
| 2010 | -42.08% | -28.39% | 0.55x | 2.70x | Nkr-69.23 Million |
| 2011 | -185.88% | -112.14% | 0.37x | 4.45x | Nkr-96.57 Million |
| 2012 | -21.81% | -7.05% | 0.83x | 3.74x | Nkr-16.80 Million |
| 2013 | -6.32% | -2.05% | 0.94x | 3.28x | Nkr-9.41 Million |
| 2014 | 0.00% | -76.43% | 0.92x | 0.00x | Nkr-94.71 Million |
| 2015 | 128.64% | 40.97% | 0.88x | 3.56x | Nkr35.56 Million |
| 2016 | -35.83% | -10.97% | 1.00x | 3.27x | Nkr-10.11 Million |
| 2017 | -318.32% | -259.57% | 0.47x | 2.63x | Nkr-51.43 Million |
| 2018 | -34.42% | -64.94% | 0.34x | 1.56x | Nkr-16.66 Million |
| 2019 | -49.52% | -51.65% | 0.64x | 1.51x | Nkr-28.02 Million |
| 2020 | -41.94% | -31.74% | 0.73x | 1.80x | Nkr-18.30 Million |
| 2021 | -41.68% | -55.18% | 0.30x | 2.55x | Nkr-14.17 Million |
| 2022 | -40.38% | -57.55% | 0.31x | 2.29x | Nkr-14.48 Million |
| 2023 | 11.67% | 9.03% | 0.64x | 2.02x | Nkr446.70K |
| 2024 | 22.62% | 18.95% | 0.71x | 1.68x | Nkr3.75 Million |
Industry Comparison
This section compares SeaBird Exploration Plc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $913,477,462
- Average return on equity (ROE) among peers: 131.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SeaBird Exploration Plc (SBX) | Nkr29.70 Million | -137.56% | 0.68x | $23.16 Million |
| Aker Solutions ASA (AKSO) | $5.89 Billion | 21.72% | 3.65x | $1.29 Billion |
| Aquila Holdings ASA (AQUIL) | $47.65 Million | 2.93% | 0.11x | $9.46 Million |
| Argeo AS (ARGEO) | $148.05 Million | -12.23% | 0.13x | $1.05 Million |
| Eidesvik Offshore ASA (EIOF) | $2.13 Billion | -8.19% | 1.61x | $11.08 Million |
| Electromagnetic Geoservices ASA (EMGS) | $3.33 Million | -1098.74% | 21.46x | $937.88K |
| SED Energy Holdings Plc (ENH) | $28.74 Million | -44.75% | 1.29x | $6.98K |
| Edda Wind ASA (EWIND) | $63.18 Million | 4.77% | 1.40x | $57.04 Million |
| MORELD AS (MORLD) | $698.55 Million | -101.82% | 9.29x | $82.08 Million |
| Prosafe SE (PRS) | $36.30 Million | 2556.20% | 12.58x | $53.14 Million |
| Petrolia SE (PSE) | $90.58 Million | -8.90% | 1.52x | $4.38 Million |