Sea1 Offshore Inc.
Sea1 Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. The company operates through Subsea Vessels; Anchor-Handling Tug Supply (AHTS) Vessels; Platform Supply Vessels (PSVs); Fast Crew & Oil Spill Recovery Vessels; and Other segments. It provides offshore vessel activities, such as anchor handling and towing, platfo… Read more
Sea1 Offshore Inc. (SEA1) - Net Assets
Latest net assets as of June 2025: Nkr398.40 Million NOK
Based on the latest financial reports, Sea1 Offshore Inc. (SEA1) has net assets worth Nkr398.40 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 (Nkr803.55 Million) and total liabilities (Nkr405.15 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 | Nkr398.40 Million |
| % of Total Assets | 49.58% |
| Annual Growth Rate | 6.06% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 29.14 |
Sea1 Offshore Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Sea1 Offshore Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sea1 Offshore Inc. (2021–2024)
The table below shows the annual net assets of Sea1 Offshore Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr405.99 Million | -24.01% |
| 2023-12-31 | Nkr534.26 Million | +47.15% |
| 2022-12-31 | Nkr363.08 Million | +6.69% |
| 2021-12-31 | Nkr340.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sea1 Offshore Inc.'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 53945400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr89.29 Million | 21.99% |
| Common Stock | Nkr153.54 Million | 37.82% |
| Other Components | Nkr163.16 Million | 40.19% |
| Total Equity | Nkr405.99 Million | 100.00% |
Sea1 Offshore Inc. Competitors by Market Cap
The table below lists competitors of Sea1 Offshore Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Summit Bank Group Inc
PINK:SBKO
|
$86.26 Million |
|
Kejuruteraan Asastera Bhd
KLSE:0193
|
$86.27 Million |
|
Ubiquoss Inc
KQ:264450
|
$86.28 Million |
|
Rossari Biotech Limited
NSE:ROSSARI
|
$86.31 Million |
|
BULLS GSYO
IS:BULGS
|
$86.25 Million |
|
Lifecore Biomedical Inc.
NASDAQ:LFCR
|
$86.24 Million |
|
Samhwa Paint
KO:000390
|
$86.24 Million |
|
Suzhou Goldengreen Technologies Ltd
SHE:002808
|
$86.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sea1 Offshore Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 534,261,000 to 405,992,000, a change of -128,269,000 (-24.0%).
- Net income of 172,758,000 contributed positively to equity growth.
- Dividend payments of 72,839,000 reduced retained earnings.
- Other factors decreased equity by 228,188,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr172.76 Million | +42.55% |
| Dividends Paid | Nkr72.84 Million | -17.94% |
| Other Changes | Nkr-228.19 Million | -56.21% |
| Total Change | Nkr- | -24.01% |
Book Value vs Market Value Analysis
This analysis compares Sea1 Offshore Inc.'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: 11.16x
- 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 decreased from 20.67x to 11.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Nkr1.43 | Nkr29.50 | x |
| 2022-12-31 | Nkr1.52 | Nkr29.50 | x |
| 2023-12-31 | Nkr2.24 | Nkr29.50 | x |
| 2024-12-31 | Nkr2.64 | Nkr29.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sea1 Offshore Inc. 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): 42.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.69%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.02x
- Recent ROE (42.55%) is above the historical average (28.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 31.65% | 42.38% | 0.24x | 3.15x | Nkr73.77 Million |
| 2022 | 8.51% | 11.26% | 0.27x | 2.81x | Nkr-5.41 Million |
| 2023 | 32.66% | 51.93% | 0.31x | 2.03x | Nkr121.09 Million |
| 2024 | 42.55% | 50.69% | 0.42x | 2.02x | Nkr132.16 Million |
Industry Comparison
This section compares Sea1 Offshore Inc.'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 |
|---|---|---|---|---|
| Sea1 Offshore Inc. (SEA1) | Nkr398.40 Million | 31.65% | 1.02x | $86.26 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 |