Philly Shipyard ASA
Philly Shipyard ASA is in the process of liquidation, operates a commercial shipyard that builds and repairs vessels for the United States Jones Act market and government. It owns a shipbuilding facility, which provides ocean-going merchant vessels, including containerships, product tankers, aframax tankers, and national security multi-mission vessels. Philly Shipyard ASA was formerly known as Ak… Read more
Philly Shipyard ASA (AKRRF) - Net Assets
Latest net assets as of June 2025: $11.90 Million USD
Based on the latest financial reports, Philly Shipyard ASA (AKRRF) has net assets worth $11.90 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 ($12.00 Million) and total liabilities ($100.00K). 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 | $11.90 Million |
| % of Total Assets | 99.17% |
| Annual Growth Rate | 1.8% |
| 5-Year Change | 3.94% |
| 10-Year Change | -32.72% |
| Growth Volatility | 357.93 |
Philly Shipyard ASA - Net Assets Trend (2006–2024)
This chart illustrates how Philly Shipyard 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 Philly Shipyard ASA (2006–2024)
The table below shows the annual net assets of Philly Shipyard ASA from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $96.50 Million | +1553.81% |
| 2023-12-31 | $5.83 Million | -92.09% |
| 2022-12-31 | $73.77 Million | -13.68% |
| 2021-12-31 | $85.46 Million | -7.95% |
| 2020-12-31 | $92.84 Million | +1.73% |
| 2019-12-31 | $91.27 Million | -18.13% |
| 2018-12-31 | $111.48 Million | -28.35% |
| 2017-12-31 | $155.58 Million | +70.25% |
| 2016-12-31 | $91.38 Million | -36.29% |
| 2015-12-31 | $143.43 Million | +3.80% |
| 2014-12-31 | $138.18 Million | +21.27% |
| 2013-12-31 | $113.94 Million | +15.86% |
| 2012-12-31 | $98.35 Million | +10.66% |
| 2011-12-31 | $88.87 Million | -4.52% |
| 2010-12-31 | $93.08 Million | +6.59% |
| 2009-12-31 | $87.33 Million | -4.80% |
| 2008-12-31 | $91.73 Million | -6.37% |
| 2007-12-31 | $97.97 Million | +39.97% |
| 2006-12-31 | $70.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Philly Shipyard 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $96.50 Million | 100.00% |
| Total Equity | $96.50 Million | 100.00% |
Philly Shipyard ASA Competitors by Market Cap
The table below lists competitors of Philly Shipyard ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Petra Energy Bhd
KLSE:5133
|
$13.33 Million |
|
Oylum Sinai Yatirimlar AS
IS:OYLUM
|
$13.33 Million |
|
PRESSURE TECH.PLC LS -05
F:PRS
|
$13.34 Million |
|
Enex Co.Ltd
KO:011090
|
$13.34 Million |
|
Silver Viper Minerals Corp
OTCQB:VIPRF
|
$13.31 Million |
|
Bastogi S.p.A
F:BAOA
|
$13.31 Million |
|
Silver Bullet Mines Corp.
OTCQB:SBMCF
|
$13.31 Million |
|
Nukkleus Inc
NASDAQ:NUKK
|
$13.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Philly Shipyard ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,835,000 to 96,500,000, a change of 90,665,000 (1553.8%).
- Net income of 90,516,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 29,283,939.
- Other factors decreased equity by 29,134,939.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $90.52 Million | +93.8% |
| Other Comprehensive Income | $29.28 Million | +30.35% |
| Other Changes | $-29.13 Million | -30.19% |
| Total Change | $- | 1553.81% |
Book Value vs Market Value Analysis
This analysis compares Philly Shipyard 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: 0.14x
- 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 |
|---|---|---|---|
| 2006-12-31 | $8.99 | $1.10 | x |
| 2007-12-31 | $12.28 | $1.10 | x |
| 2008-12-31 | $8.81 | $1.10 | x |
| 2009-12-31 | $8.39 | $1.10 | x |
| 2010-12-31 | $8.94 | $1.10 | x |
| 2011-12-31 | $8.53 | $1.10 | x |
| 2012-12-31 | $9.44 | $1.10 | x |
| 2013-12-31 | $10.94 | $1.10 | x |
| 2014-12-31 | $11.35 | $1.10 | x |
| 2015-12-31 | $11.85 | $1.10 | x |
| 2016-12-31 | $7.55 | $1.10 | x |
| 2017-12-31 | $12.85 | $1.10 | x |
| 2018-12-31 | $9.21 | $1.10 | x |
| 2019-12-31 | $7.54 | $1.10 | x |
| 2020-12-31 | $7.67 | $1.10 | x |
| 2021-12-31 | $7.06 | $1.10 | x |
| 2022-12-31 | $6.09 | $1.10 | x |
| 2023-12-31 | $0.48 | $1.10 | x |
| 2024-12-31 | $7.97 | $1.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Philly Shipyard 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): 93.80%
- 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: 1.02x
- Recent ROE (93.80%) is above the historical average (-53.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.60% | 0.44% | 0.73x | 4.97x | $-5.88 Million |
| 2007 | 4.26% | 1.46% | 1.13x | 2.59x | $-5.63 Million |
| 2008 | -1.91% | -0.62% | 0.96x | 3.22x | $-10.93 Million |
| 2009 | -5.04% | -1.78% | 1.14x | 2.47x | $-13.13 Million |
| 2010 | 6.18% | 2.64% | 1.25x | 1.87x | $-3.56 Million |
| 2011 | -4.73% | -13.75% | 0.17x | 1.98x | $-13.10 Million |
| 2012 | 9.63% | 6.72% | 0.61x | 2.34x | $-359.00K |
| 2013 | 13.69% | 5.65% | 1.47x | 1.64x | $4.20 Million |
| 2014 | 9.85% | 5.67% | 0.90x | 1.94x | $-205.20K |
| 2015 | 12.12% | 6.07% | 0.79x | 2.53x | $3.04 Million |
| 2016 | 42.30% | 18.83% | 0.50x | 4.47x | $29.51 Million |
| 2017 | 43.21% | 11.36% | 2.34x | 1.63x | $51.67 Million |
| 2018 | -39.56% | -33.99% | 0.68x | 1.70x | $-55.25 Million |
| 2019 | -22.15% | -71.66% | 0.17x | 1.77x | $-29.34 Million |
| 2020 | 1.70% | 2.92% | 0.23x | 2.56x | $-7.71 Million |
| 2021 | -8.64% | -3.45% | 0.49x | 5.11x | $-15.93 Million |
| 2022 | -15.85% | -2.98% | 1.12x | 4.75x | $-19.07 Million |
| 2023 | -1164.30% | -15.38% | 1.50x | 50.47x | $-68.52 Million |
| 2024 | 93.80% | 0.00% | 0.00x | 1.02x | $80.87 Million |
Industry Comparison
This section compares Philly Shipyard ASA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $272,960,773
- Average return on equity (ROE) among peers: 22.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Philly Shipyard ASA (AKRRF) | $11.90 Million | 1.60% | 0.01x | $13.32 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $2.70 Million | 107.41% | 27.00x | $0.98 |
| AAC Clyde Space AB (ACCMF) | $466.10 Million | -8.70% | 0.17x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.29 Billion |
| American Defense Systems Inc (ADFS) | $-9.76 Million | 0.00% | 0.00x | $4.85K |
| AAR Corp (AIR) | $301.68 Million | 1.16% | 1.35x | $4.16 Billion |
| Air Industries Group (AIRI) | $14.95 Million | -9.14% | 2.41x | $12.13 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $158.55 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $386.62 Million | 12.11% | 1.00x | $2.31 Billion |