Stainless Tankers ASA
Stainless Tankers ASA engages in the marine transportation business in Norway. The company was incorporated in 2022 and is based in Oslo, Norway.
Stainless Tankers ASA (STST) - Net Assets
Latest net assets as of June 2025: Nkr63.66 Million NOK
Based on the latest financial reports, Stainless Tankers ASA (STST) has net assets worth Nkr63.66 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 (Nkr119.50 Million) and total liabilities (Nkr55.84 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 | Nkr63.66 Million |
| % of Total Assets | 53.27% |
| Annual Growth Rate | 2525.11% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 34147.15 |
Stainless Tankers ASA - Net Assets Trend (2022–2024)
This chart illustrates how Stainless Tankers ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Stainless Tankers ASA (2022–2024)
The table below shows the annual net assets of Stainless Tankers ASA from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr66.92 Million | +1.21% |
| 2023-12-31 | Nkr66.12 Million | +68295.51% |
| 2022-12-31 | Nkr96.68K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Stainless Tankers 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 grown by 2079307000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr20.79 Million | 31.06% |
| Common Stock | Nkr13.07 Million | 19.53% |
| Other Components | Nkr33.06 Million | 49.41% |
| Total Equity | Nkr66.92 Million | 100.00% |
Stainless Tankers ASA Competitors by Market Cap
The table below lists competitors of Stainless Tankers ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Metal Resources PLC
LSE:GMET
|
$31.92K |
|
BMIN3F
SA:BMIN3F
|
$31.93K |
|
Aquila SA
PA:ALAQU
|
$31.93K |
|
CRPG3F
SA:CRPG3F
|
$31.94K |
|
TME
WAR:TME
|
$31.91K |
|
Forras Trust & Investment Nyrt. B
BUD:FORRB
|
$31.90K |
|
Envar Holding AB
ST:ENVAR
|
$31.89K |
|
High Coast Distillery AB
ST:HIGHCO-B
|
$31.88K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stainless Tankers ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 66,124,780 to 66,922,960, a change of 798,180 (1.2%).
- Net income of 14,635,670 contributed positively to equity growth.
- Dividend payments of 13,837,500 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr14.64 Million | +21.87% |
| Dividends Paid | Nkr13.84 Million | -20.68% |
| Other Changes | Nkr10.00 | +0.0% |
| Total Change | Nkr- | 1.21% |
Book Value vs Market Value Analysis
This analysis compares Stainless Tankers 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: 7.58x
- 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 5250.31x to 7.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Nkr0.01 | Nkr37.60 | x |
| 2023-12-31 | Nkr4.90 | Nkr37.60 | x |
| 2024-12-31 | Nkr4.96 | Nkr37.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stainless Tankers 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): 21.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.46%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.18x
- Recent ROE (21.87%) is above the historical average (15.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 9.30% | 18.77% | 0.21x | 2.32x | Nkr-461.41K |
| 2024 | 21.87% | 21.46% | 0.47x | 2.18x | Nkr7.94 Million |
Industry Comparison
This section compares Stainless Tankers ASA's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $659,449,000
- Average return on equity (ROE) among peers: 9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stainless Tankers ASA (STST) | Nkr63.66 Million | 9.30% | 0.88x | $31.91K |
| ADS Maritime Holding Plc (ADS) | $4.63 Million | -4.21% | 0.02x | $1.46 Million |
| Belships (BELCO) | $261.85 Million | 22.21% | 2.15x | $399.83 Million |
| Bruton Limited (BRUT) | $30.78 Million | -0.48% | 0.01x | $43.50K |
| Hafnia Ltd (HAFNI) | $2.01 Billion | 37.41% | 0.95x | $52.04 Million |
| Havila Shipping ASA (HAVI) | $-712.54 Million | 0.00% | 0.00x | $8.40 Million |
| Klaveness Combination Carriers ASA (KCC) | $359.87 Million | 22.62% | 0.70x | $168.30 Million |
| Odfjell SE (ODF) | $759.48 Million | -14.16% | 2.11x | $237.10 Million |
| Odfjell B (ODFB) | $992.80 Million | 15.65% | 1.05x | $227.05 Million |
| Solstad Offsho (SOFF) | $2.23 Billion | 5.03% | 1.42x | $156.45 Million |