SD Standard Drilling PLC (SDSD) - Net Assets
Based on the latest financial reports, SD Standard Drilling PLC (SDSD) has net assets worth Nkr113.70 Million NOK (≈ $11.96 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 (Nkr114.62 Million ≈ $12.06 Million USD) and total liabilities (Nkr923.00K ≈ $97.13K 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 SDSD intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr113.70 Million |
| % of Total Assets | 99.19% |
| Annual Growth Rate | -8.91% |
| 5-Year Change | 35.2% |
| 10-Year Change | 1146.14% |
| Growth Volatility | 273.23 |
SD Standard Drilling PLC - Net Assets Trend (2011–2024)
This chart illustrates how SD Standard Drilling PLC's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of SD Standard Drilling PLC to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SD Standard Drilling PLC (2011–2024)
The table below shows the annual net assets of SD Standard Drilling PLC from 2011 to 2024. For live valuation and market cap data, see SDSD stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr116.89 Million ≈ $12.30 Million |
-17.91% |
| 2023-12-31 | Nkr142.38 Million ≈ $14.98 Million |
+1.99% |
| 2022-12-31 | Nkr139.60 Million ≈ $14.69 Million |
+40.58% |
| 2021-12-31 | Nkr99.30 Million ≈ $10.45 Million |
+14.86% |
| 2020-12-31 | Nkr86.46 Million ≈ $9.10 Million |
-26.62% |
| 2019-12-31 | Nkr117.82 Million ≈ $12.40 Million |
+5.88% |
| 2018-12-31 | Nkr111.28 Million ≈ $11.71 Million |
+10.73% |
| 2017-12-31 | Nkr100.49 Million ≈ $10.57 Million |
+1003.94% |
| 2016-12-31 | Nkr9.10 Million ≈ $957.90K |
-2.95% |
| 2015-12-31 | Nkr9.38 Million ≈ $987.05K |
-82.91% |
| 2014-12-31 | Nkr54.88 Million ≈ $5.77 Million |
-22.65% |
| 2013-12-31 | Nkr70.94 Million ≈ $7.47 Million |
-81.79% |
| 2012-12-31 | Nkr389.55 Million ≈ $40.99 Million |
-0.96% |
| 2011-12-31 | Nkr393.31 Million ≈ $41.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SD Standard Drilling 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 229.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr100.45 Million | 85.93% |
| Common Stock | Nkr15.73 Million | 13.46% |
| Other Components | Nkr708.00K | 0.61% |
| Total Equity | Nkr116.89 Million | 100.00% |
SD Standard Drilling PLC Competitors by Market Cap
The table below lists competitors of SD Standard Drilling PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Spheria Emerging Companies Ltd
AU:SEC
|
$98.82 Million |
|
CO2 Energy Transition Corp. Common Stock
NASDAQ:NOEM
|
$98.83 Million |
|
Right Way Industrial Co Ltd
TW:1506
|
$98.90 Million |
|
ATrack Technology
TWO:6465
|
$98.92 Million |
|
mPLUS Corp
KQ:259630
|
$98.77 Million |
|
Samyang Tongsang Co. Ltd.
KO:002170
|
$98.76 Million |
|
Goodyear Lastikleri TAS
IS:GOODY
|
$98.75 Million |
|
Patriot One Technologies Inc
F:0PL
|
$98.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SD Standard Drilling PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 142,382,000 to 116,888,000, a change of -25,494,000 (-17.9%).
- Net loss of 15,985,000 reduced equity.
- Dividend payments of 9,502,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-15.98 Million | -13.68% |
| Dividends Paid | Nkr9.50 Million | -8.13% |
| Other Changes | Nkr-7.00K | -0.01% |
| Total Change | Nkr- | -17.91% |
Book Value vs Market Value Analysis
This analysis compares SD Standard Drilling 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: 8.03x
- 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 0.41x to 8.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | Nkr4.41 | Nkr1.79 | x |
| 2012-12-31 | Nkr3.12 | Nkr1.79 | x |
| 2013-12-31 | Nkr0.57 | Nkr1.79 | x |
| 2014-12-31 | Nkr0.44 | Nkr1.79 | x |
| 2015-12-31 | Nkr0.08 | Nkr1.79 | x |
| 2016-12-31 | Nkr0.10 | Nkr1.79 | x |
| 2017-12-31 | Nkr0.27 | Nkr1.79 | x |
| 2018-12-31 | Nkr0.20 | Nkr1.79 | x |
| 2019-12-31 | Nkr0.21 | Nkr1.79 | x |
| 2020-12-31 | Nkr0.15 | Nkr1.79 | x |
| 2021-12-31 | Nkr0.19 | Nkr1.79 | x |
| 2022-12-31 | Nkr0.26 | Nkr1.79 | x |
| 2023-12-31 | Nkr0.27 | Nkr1.79 | x |
| 2024-12-31 | Nkr0.22 | Nkr1.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SD Standard Drilling 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): -13.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.12x
- • Equity Multiplier: 1.01x
- Recent ROE (-13.68%) is below the historical average (3.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.77% | 0.00% | 0.00x | 1.01x | Nkr-8.78 Million |
| 2012 | 8.65% | 0.00% | 0.00x | 1.13x | Nkr-5.25 Million |
| 2013 | 97.98% | 0.00% | 0.00x | 1.00x | Nkr62.42 Million |
| 2014 | -29.28% | 0.00% | 0.00x | 1.00x | Nkr-21.56 Million |
| 2015 | -35.33% | 0.00% | 0.00x | 1.01x | Nkr-4.25 Million |
| 2016 | -3.04% | -143.52% | 0.02x | 1.02x | Nkr-1.19 Million |
| 2017 | -1.17% | 0.00% | -0.03x | 1.00x | Nkr-11.22 Million |
| 2018 | -1.11% | 0.00% | 0.00x | 1.00x | Nkr-12.36 Million |
| 2019 | 5.55% | 90.52% | 0.06x | 1.00x | Nkr-5.24 Million |
| 2020 | -31.13% | 0.00% | -0.34x | 1.00x | Nkr-35.56 Million |
| 2021 | 13.83% | 167.08% | 0.08x | 1.00x | Nkr3.81 Million |
| 2022 | 28.49% | 94.36% | 0.30x | 1.00x | Nkr25.81 Million |
| 2023 | 1.82% | 63.83% | 0.03x | 1.02x | Nkr-11.65 Million |
| 2024 | -13.68% | 0.00% | -0.12x | 1.01x | Nkr-27.67 Million |
Industry Comparison
This section compares SD Standard Drilling 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: $2,098,936,260
- Average return on equity (ROE) among peers: -75.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SD Standard Drilling PLC (SDSD) | Nkr113.70 Million | 7.77% | 0.01x | $98.79 Million |
| Akastor ASA (AKAST) | $8.61 Billion | 16.71% | 3.96x | $365.97 Million |
| Aker Solutions ASA (AKSO) | $7.86 Billion | 3.23% | 2.67x | $2.31 Billion |
| Argeo AS (ARGEO) | $4.20 Million | 20.00% | 0.36x | $2.98 Million |
| BW Offshore Ltd (BWO) | $1.13 Billion | 0.00% | 2.04x | $869.55 Million |
| Eidesvik Offshore ASA (EIOF) | $1.90 Billion | 57.39% | 1.77x | $115.20 Million |
| Electromagnetic Geoservices ASA (EMGS) | $24.74 Million | -328.58% | 3.17x | $2.72 Million |
| Edda Wind ASA (EWIND) | $29.65 Million | -6.46% | 2.07x | $308.89 Million |
| Prosafe SE (PRS) | $1.09 Billion | 11.76% | 0.97x | $161.19 Million |
| Petrolia SE (PSE) | $58.65 Million | -557.58% | 16.51x | $36.96 Million |
| Reach Subsea (REACH) | $286.81 Million | 32.71% | 1.60x | $180.28 Million |
About SD Standard Drilling PLC
S.D. Standard ETC Plc, an investment holding company, focuses on energy, transport, and commodities segments. The company was formerly known as S.D. Standard Drilling Plc and changed its name to S.D. Standard ETC Plc in February 2022. S.D. Standard ETC Plc was incorporated in 2010 and is headquartered in Limassol, Cyprus.