American Shipping Company ASA
AMSC ASA does not have significant operations. Previously, the company invested in maritime assets and companies in the United States. The company was formerly known as American Shipping Company ASA and changed its name to AMSC ASA in October 2022. AMSC ASA was founded in 2005 and is headquartered in Lysaker, Norway.
American Shipping Company ASA (ASCJF) - Net Assets
Latest net assets as of December 2024: $2.20 Billion USD
Based on the latest financial reports, American Shipping Company ASA (ASCJF) has net assets worth $2.20 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.21 Billion) and total liabilities ($12.70 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 | $2.20 Billion |
| % of Total Assets | 99.43% |
| Annual Growth Rate | 36.31% |
| 5-Year Change | 1263.19% |
| 10-Year Change | 915.85% |
| Growth Volatility | 522.77 |
American Shipping Company ASA - Net Assets Trend (2013–2024)
This chart illustrates how American Shipping Company 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 American Shipping Company ASA (2013–2024)
The table below shows the annual net assets of American Shipping Company ASA from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.20 Billion | +1820.06% |
| 2023-12-31 | $114.51 Million | -34.57% |
| 2022-12-31 | $175.02 Million | +17.30% |
| 2021-12-31 | $149.21 Million | -7.49% |
| 2020-12-31 | $161.28 Million | -2.23% |
| 2019-12-31 | $164.97 Million | -6.30% |
| 2018-12-31 | $176.07 Million | -5.78% |
| 2017-12-31 | $186.87 Million | -4.48% |
| 2016-12-31 | $195.64 Million | -9.60% |
| 2015-12-31 | $216.43 Million | -6.61% |
| 2014-12-31 | $231.75 Million | +218.35% |
| 2013-12-31 | $72.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American Shipping Company 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 10761000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $2.20 Billion | 100.00% |
| Total Equity | $2.20 Billion | 100.00% |
American Shipping Company ASA Competitors by Market Cap
The table below lists competitors of American Shipping Company ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autoline Industries Limited
NSE:AUTOIND
|
$11.92 Million |
|
Premier Polyfilm Limited
NSE:PREMIERPOL
|
$11.93 Million |
|
READING INTL A DL-01
F:46B
|
$11.93 Million |
|
China Evergrande New Energy Vehicle Group Limited
PINK:EVGRF
|
$11.93 Million |
|
Flekkefjord Sparebank
OL:FFSB
|
$11.92 Million |
|
K Seng Seng Corporation Bhd
KLSE:5192
|
$11.92 Million |
|
FiEE, Inc.
NASDAQ:FIEE
|
$11.92 Million |
|
Viskase Companies Inc
PINK:VKSC
|
$11.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American Shipping Company ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 114,507,000 to 2,198,600,000, a change of 2,084,093,000 (1820.1%).
- Net income of 1,147,200,000 contributed positively to equity growth.
- Other factors increased equity by 936,893,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.15 Billion | +52.18% |
| Other Changes | $936.89 Million | +42.61% |
| Total Change | $- | 1820.06% |
Book Value vs Market Value Analysis
This analysis compares American Shipping Company 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: 0.09x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $2.72 | x |
| 2016-12-31 | $0.00 | $2.72 | x |
| 2017-12-31 | $3.08 | $2.72 | x |
| 2018-12-31 | $2.90 | $2.72 | x |
| 2019-12-31 | $2.72 | $2.72 | x |
| 2020-12-31 | $2.66 | $2.72 | x |
| 2021-12-31 | $2.46 | $2.72 | x |
| 2022-12-31 | $2.44 | $2.72 | x |
| 2023-12-31 | $1.60 | $2.72 | x |
| 2024-12-31 | $30.59 | $2.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American Shipping Company 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): 52.18%
- 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: 1.01x
- Recent ROE (52.18%) is below the historical average (125.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 42.46% | 35.38% | 0.09x | 12.81x | $23.63 Million |
| 2014 | 9.92% | 26.22% | 0.09x | 4.31x | $-193.20K |
| 2015 | 4.48% | 11.04% | 0.10x | 4.18x | $-11.95 Million |
| 2016 | 3.63% | 8.08% | 0.10x | 4.55x | $-12.45 Million |
| 2017 | 7.12% | 15.16% | 0.10x | 4.53x | $-5.38 Million |
| 2018 | 4.88% | 9.78% | 0.11x | 4.61x | $-9.02 Million |
| 2019 | 5.03% | 9.46% | 0.12x | 4.56x | $-8.20 Million |
| 2020 | 11.27% | 20.61% | 0.12x | 4.49x | $2.05 Million |
| 2021 | 8.99% | 15.20% | 0.12x | 4.78x | $-1.51 Million |
| 2022 | 10.66% | 19.92% | 0.11x | 4.74x | $1.15 Million |
| 2023 | 1340.53% | 0.00% | 0.00x | 1.68x | $1.52 Billion |
| 2024 | 52.18% | 0.00% | 0.00x | 1.01x | $927.34 Million |
Industry Comparison
This section compares American Shipping Company ASA's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,760,986,595
- Average return on equity (ROE) among peers: 27.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American Shipping Company ASA (ASCJF) | $2.20 Billion | 42.46% | 0.01x | $11.92 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |