Britannia Bulk Holdings Inc
Britannia Bulk Holdings Inc., together with its subsidiaries, provides drybulk shipping and maritime logistics services. It primarily transports coal, fertilizers, scrap metals, iron-ore, grain, and other bulk cargoes from the Baltic region to Northern and Western Europe. The company's logistics services include port modification, fendering, lightening, dredging of berths, maximizing vessel throu… Read more
Britannia Bulk Holdings Inc (BBLKF) - Net Assets
Latest net assets as of June 2008: $213.27 Million USD
Based on the latest financial reports, Britannia Bulk Holdings Inc (BBLKF) has net assets worth $213.27 Million USD as of June 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($501.48 Million) and total liabilities ($288.21 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 | $213.27 Million |
| % of Total Assets | 42.53% |
| Annual Growth Rate | 79.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.74 |
Britannia Bulk Holdings Inc - Net Assets Trend (2004–2007)
This chart illustrates how Britannia Bulk Holdings 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 Britannia Bulk Holdings Inc (2004–2007)
The table below shows the annual net assets of Britannia Bulk Holdings Inc from 2004 to 2007.
| Year | Net Assets | Change |
|---|---|---|
| 2007-12-31 | $72.78 Million | +110.70% |
| 2006-12-31 | $34.54 Million | +7.73% |
| 2005-12-31 | $32.06 Million | +155.15% |
| 2004-12-31 | $12.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Britannia Bulk Holdings 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 655.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2007)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $57.44 Million | 78.93% |
| Common Stock | $186.00K | 0.26% |
| Other Components | $15.15 Million | 20.81% |
| Total Equity | $72.78 Million | 100.00% |
Britannia Bulk Holdings Inc Competitors by Market Cap
The table below lists competitors of Britannia Bulk Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MIE HOLDINGS
BE:19MA
|
$9.85 |
|
VAST RESOURCES (D9A.SG)
STU:D9A
|
$9.86 |
|
AFRICAN CONSOL RES
BE:D9A
|
$9.89 |
|
Trulite Inc
PINK:TRUL
|
$9.91 |
|
Endor AG
MU:E2N
|
$9.84 |
|
MEDVIEW AIRLINE PLC
XNSA:MEDVIEWAIR
|
$9.84 |
|
STEULER FLIESENGRUPPE
HM:NST
|
$9.80 |
|
Pongs & Zahn AG vz. (Pref Shares)
HM:PUZ2
|
$9.78 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Britannia Bulk Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2006 to 2007, total equity changed from 34,434,000 to 72,777,000, a change of 38,343,000 (111.4%).
- Net income of 46,017,000 contributed positively to equity growth.
- Share repurchases of 7,675,000 reduced equity.
Equity Change Factors (2006 to 2007)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.02 Million | +63.23% |
| Share Repurchases | $7.67 Million | -10.55% |
| Other Changes | $1.00K | +0.0% |
| Total Change | $- | 111.35% |
Book Value vs Market Value Analysis
This analysis compares Britannia Bulk Holdings 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: 0.00x
- 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 |
|---|---|---|---|
| 2005-12-31 | $1.62 | $0.00 | x |
| 2006-12-31 | $1.74 | $0.00 | x |
| 2007-12-31 | $3.69 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Britannia Bulk Holdings 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): 63.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 75.06%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 5.43x
- Recent ROE (63.23%) is above the historical average (39.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 60.31% | 17.99% | 0.93x | 3.60x | $6.32 Million |
| 2005 | 25.75% | 4.64% | 2.51x | 2.21x | $5.05 Million |
| 2006 | 6.95% | 1.29% | 0.83x | 6.49x | $-1.05 Million |
| 2007 | 63.23% | 75.06% | 0.16x | 5.43x | $38.74 Million |
Industry Comparison
This section compares Britannia Bulk Holdings Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,765,623,261
- Average return on equity (ROE) among peers: 169.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Britannia Bulk Holdings Inc (BBLKF) | $213.27 Million | 60.31% | 1.35x | $9.84 |
| 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 |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| 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 |