Conrad Industries Inc
Conrad Industries, Inc. operates as a shipbuilder in the United States. The company offers new construction, repair and conversion, engineering experts, computer-aided manufacturing, and LNG industry services. Its vessel portfolio includes dredge equipment, ferries, inland push boats, inland tank barges, offshore tank barges, deck barges, and harbor and offshore tugs. The company was founded in 1… Read more
Conrad Industries Inc (CNRD) - Net Assets
Latest net assets as of September 2025: $96.56 Million USD
Based on the latest financial reports, Conrad Industries Inc (CNRD) has net assets worth $96.56 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($155.18 Million) and total liabilities ($58.62 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 | $96.56 Million |
| % of Total Assets | 62.23% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | -24.76% |
| 10-Year Change | -34.56% |
| Growth Volatility | 27.39 |
Conrad Industries Inc - Net Assets Trend (1997–2024)
This chart illustrates how Conrad Industries 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 Conrad Industries Inc (1997–2024)
The table below shows the annual net assets of Conrad Industries Inc from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $81.39 Million | +16.00% |
| 2023-12-31 | $70.17 Million | -27.81% |
| 2022-12-31 | $97.20 Million | -15.21% |
| 2021-12-31 | $114.63 Million | +5.96% |
| 2020-12-31 | $108.18 Million | -3.60% |
| 2019-12-31 | $112.21 Million | +0.08% |
| 2018-12-31 | $112.13 Million | +0.18% |
| 2017-12-31 | $111.93 Million | -3.38% |
| 2016-12-31 | $115.84 Million | -6.87% |
| 2015-12-31 | $124.38 Million | -5.66% |
| 2014-12-31 | $131.85 Million | +11.65% |
| 2013-12-31 | $118.09 Million | +16.59% |
| 2012-12-31 | $101.28 Million | +6.09% |
| 2011-12-31 | $95.47 Million | +19.44% |
| 2010-12-31 | $79.93 Million | +14.34% |
| 2009-12-31 | $69.91 Million | +22.52% |
| 2008-12-31 | $57.06 Million | +31.21% |
| 2007-12-31 | $43.49 Million | +79.12% |
| 2006-12-31 | $24.28 Million | +32.07% |
| 2005-12-31 | $18.38 Million | +0.61% |
| 2004-12-31 | $18.27 Million | -28.04% |
| 2003-12-31 | $25.39 Million | -21.18% |
| 2002-12-31 | $32.22 Million | -12.21% |
| 2001-12-31 | $36.70 Million | +5.80% |
| 2000-12-31 | $34.69 Million | +8.39% |
| 1999-12-31 | $32.00 Million | +4.92% |
| 1998-12-31 | $30.50 Million | +99.35% |
| 1997-12-31 | $15.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Conrad Industries 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 503.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $91.11 Million | 111.94% |
| Common Stock | $73.00K | 0.09% |
| Total Equity | $81.39 Million | 100.00% |
Conrad Industries Inc Competitors by Market Cap
The table below lists competitors of Conrad Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HEMARAJ INDUSTRIAL PROPERTY AND LEASEHOLD FUND
BK:HPF
|
$42.36 Million |
|
Garuda Construction & Engineering
NSE:GARUDA
|
$42.37 Million |
|
BIT Computer Co. Ltd
KQ:032850
|
$42.37 Million |
|
MICROPOLE S.A.INH. EO-05
F:MP4
|
$42.38 Million |
|
JW Shinyak Corporation
KQ:067290
|
$42.36 Million |
|
Triple i Logistics Public Company Limited
BK:III
|
$42.36 Million |
|
Taeyang Metal
KO:004100
|
$42.34 Million |
|
BICO Group AB (publ)
PINK:BCCOY
|
$42.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Conrad Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,169,000 to 81,395,000, a change of 11,226,000 (16.0%).
- Net income of 11,226,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.23 Million | +13.79% |
| Total Change | $- | 16.00% |
Book Value vs Market Value Analysis
This analysis compares Conrad Industries 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: 0.73x
- 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.
- The price-to-book ratio has decreased from 3.61x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $3.28 | $11.82 | x |
| 1998-12-31 | $4.57 | $11.82 | x |
| 1999-12-31 | $4.52 | $11.82 | x |
| 2000-12-31 | $4.90 | $11.82 | x |
| 2001-12-31 | $5.13 | $11.82 | x |
| 2002-12-31 | $4.46 | $11.82 | x |
| 2003-12-31 | $3.51 | $11.82 | x |
| 2004-12-31 | $2.53 | $11.82 | x |
| 2005-12-31 | $2.54 | $11.82 | x |
| 2006-12-31 | $3.35 | $11.82 | x |
| 2007-12-31 | $5.95 | $11.82 | x |
| 2008-12-31 | $8.17 | $11.82 | x |
| 2009-12-31 | $10.82 | $11.82 | x |
| 2010-12-31 | $12.40 | $11.82 | x |
| 2011-12-31 | $14.99 | $11.82 | x |
| 2012-12-31 | $16.82 | $11.82 | x |
| 2013-12-31 | $19.81 | $11.82 | x |
| 2014-12-31 | $22.16 | $11.82 | x |
| 2015-12-31 | $21.82 | $11.82 | x |
| 2016-12-31 | $22.39 | $11.82 | x |
| 2017-12-31 | $22.05 | $11.82 | x |
| 2018-12-31 | $22.34 | $11.82 | x |
| 2019-12-31 | $22.36 | $11.82 | x |
| 2020-12-31 | $21.56 | $11.82 | x |
| 2021-12-31 | $22.84 | $11.82 | x |
| 2022-12-31 | $19.37 | $11.82 | x |
| 2023-12-31 | $13.98 | $11.82 | x |
| 2024-12-31 | $16.22 | $11.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Conrad Industries 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): 13.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 2.04x
- • Equity Multiplier: 1.82x
- Recent ROE (13.79%) is above the historical average (5.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 32.03% | 22.17% | 0.45x | 3.20x | $3.37 Million |
| 1998 | 0.98% | 0.65% | 0.97x | 1.56x | $-2.75 Million |
| 1999 | 4.69% | 4.60% | 0.72x | 1.41x | $-1.70 Million |
| 2000 | 7.78% | 7.00% | 0.80x | 1.38x | $-771.50K |
| 2001 | 2.82% | 2.20% | 0.89x | 1.43x | $-2.64 Million |
| 2002 | -13.98% | -10.98% | 0.76x | 1.67x | $-7.73 Million |
| 2003 | -26.89% | -20.43% | 0.62x | 2.12x | $-9.37 Million |
| 2004 | -38.97% | -19.18% | 0.86x | 2.37x | $-8.95 Million |
| 2005 | 0.60% | 0.17% | 1.24x | 2.84x | $-1.73 Million |
| 2006 | 24.28% | 4.84% | 1.80x | 2.79x | $3.47 Million |
| 2007 | 44.17% | 11.40% | 1.98x | 1.96x | $14.86 Million |
| 2008 | 40.33% | 12.04% | 1.89x | 1.77x | $17.30 Million |
| 2009 | 18.38% | 8.91% | 1.41x | 1.46x | $5.86 Million |
| 2010 | 12.87% | 7.41% | 1.21x | 1.44x | $2.29 Million |
| 2011 | 20.08% | 7.78% | 1.66x | 1.55x | $9.62 Million |
| 2012 | 20.58% | 8.92% | 1.62x | 1.42x | $10.71 Million |
| 2013 | 24.24% | 9.44% | 1.71x | 1.50x | $16.82 Million |
| 2014 | 17.31% | 7.39% | 1.62x | 1.45x | $9.64 Million |
| 2015 | 8.54% | 4.02% | 1.58x | 1.34x | $-1.82 Million |
| 2016 | -1.46% | -1.03% | 1.00x | 1.42x | $-13.28 Million |
| 2017 | -1.90% | -1.12% | 1.17x | 1.44x | $-13.32 Million |
| 2018 | 0.18% | 0.11% | 1.14x | 1.43x | $-11.01 Million |
| 2019 | 0.08% | 0.04% | 1.36x | 1.36x | $-11.14 Million |
| 2020 | -3.73% | -2.54% | 1.02x | 1.44x | $-14.85 Million |
| 2021 | 5.63% | 3.37% | 1.31x | 1.27x | $-5.01 Million |
| 2022 | -17.93% | -8.99% | 1.48x | 1.35x | $-27.15 Million |
| 2023 | -38.52% | -11.27% | 1.71x | 2.00x | $-34.04 Million |
| 2024 | 13.79% | 3.70% | 2.04x | 1.82x | $3.09 Million |
Industry Comparison
This section compares Conrad Industries Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Conrad Industries Inc (CNRD) | $96.56 Million | 32.03% | 0.61x | $42.36 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |