Clean Seas Seafood Limited
Clean Seas Seafood Limited, together with its subsidiaries, operates in the aquaculture industry in Australia, Europe, North America, Asia, and internationally. The company engages in the propagation, harvesting, growing, and selling of Spencer Gulf Yellowtail Kingfish; and production and sale of fingerlings. Clean Seas Seafood Limited was incorporated in 2000 and is based in Royal Park, Australi… Read more
Clean Seas Seafood Limited (CTUNF) - Net Assets
Latest net assets as of December 2024: $29.34 Million USD
Based on the latest financial reports, Clean Seas Seafood Limited (CTUNF) has net assets worth $29.34 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($49.46 Million) and total liabilities ($20.12 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 | $29.34 Million |
| % of Total Assets | 59.31% |
| Annual Growth Rate | 26.64% |
| 5-Year Change | -14.46% |
| 10-Year Change | 19.43% |
| Growth Volatility | 476.8 |
Clean Seas Seafood Limited - Net Assets Trend (2005–2024)
This chart illustrates how Clean Seas Seafood Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Clean Seas Seafood Limited (2005–2024)
The table below shows the annual net assets of Clean Seas Seafood Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $61.98 Million | -28.80% |
| 2023-06-30 | $87.05 Million | +7.82% |
| 2022-06-30 | $80.74 Million | +17.82% |
| 2021-06-30 | $68.53 Million | -5.42% |
| 2020-06-30 | $72.46 Million | -1.47% |
| 2019-06-30 | $73.54 Million | +2.47% |
| 2018-06-30 | $71.77 Million | +39.21% |
| 2017-06-30 | $51.55 Million | +20.12% |
| 2016-06-30 | $42.92 Million | -17.31% |
| 2015-06-30 | $51.90 Million | +8.60% |
| 2014-06-30 | $47.79 Million | +105.31% |
| 2013-06-30 | $23.28 Million | -57.32% |
| 2012-06-30 | $54.54 Million | -34.84% |
| 2011-06-30 | $83.71 Million | -23.23% |
| 2010-06-30 | $109.04 Million | +48.08% |
| 2009-06-30 | $73.64 Million | +16.98% |
| 2008-06-30 | $62.95 Million | +136.67% |
| 2007-06-30 | $26.60 Million | +70.14% |
| 2006-06-30 | $15.63 Million | +2142.12% |
| 2005-06-30 | $697.20K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clean Seas Seafood Limited'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 17407119700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $237.10 Million | 382.54% |
| Total Equity | $61.98 Million | 100.00% |
Clean Seas Seafood Limited Competitors by Market Cap
The table below lists competitors of Clean Seas Seafood Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shinsegae Cons
KO:034300
|
$9.23 Million |
|
SenSen Networks Limited
PINK:SNNSF
|
$9.23 Million |
|
Mistral Gayrimenkul Yatirim Ortakligi AS
IS:MSGYO
|
$9.23 Million |
|
Q-linea AB (publ)
F:3F80
|
$9.23 Million |
|
Dragonfly GF Co. Ltd
KQ:030350
|
$9.22 Million |
|
NEXE Innovations Inc
OTCQB:NEXNF
|
$9.22 Million |
|
Biocardia Inc
NASDAQ:BCDA
|
$9.22 Million |
|
Nextlink Technology Co., Limited
TWO:6997
|
$9.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clean Seas Seafood Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 87,053,000 to 61,981,000, a change of -25,072,000 (-28.8%).
- Net loss of 33,454,000 reduced equity.
- Share repurchases of 785,000 reduced equity.
- New share issuances of 9,511,000 increased equity.
- Other comprehensive income decreased equity by 704,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.45 Million | -53.97% |
| Share Repurchases | $785.00K | -1.27% |
| Share Issuances | $9.51 Million | +15.35% |
| Other Comprehensive Income | $-704.00K | -1.14% |
| Other Changes | $360.00K | +0.58% |
| Total Change | $- | -28.80% |
Book Value vs Market Value Analysis
This analysis compares Clean Seas Seafood Limited'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: 0.24x
- 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 0.55x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | $0.15 | $0.08 | x |
| 2006-06-30 | $3.20 | $0.08 | x |
| 2007-06-30 | $4.20 | $0.08 | x |
| 2008-06-30 | $8.33 | $0.08 | x |
| 2009-06-30 | $9.11 | $0.08 | x |
| 2010-06-30 | $6.74 | $0.08 | x |
| 2011-06-30 | $3.82 | $0.08 | x |
| 2012-06-30 | $2.22 | $0.08 | x |
| 2013-06-30 | $0.85 | $0.08 | x |
| 2014-06-30 | $0.98 | $0.08 | x |
| 2015-06-30 | $0.94 | $0.08 | x |
| 2016-06-30 | $0.78 | $0.08 | x |
| 2017-06-30 | $0.81 | $0.08 | x |
| 2018-06-30 | $0.90 | $0.08 | x |
| 2019-06-30 | $0.86 | $0.08 | x |
| 2020-06-30 | $0.78 | $0.08 | x |
| 2021-06-30 | $0.58 | $0.08 | x |
| 2022-06-30 | $0.48 | $0.08 | x |
| 2023-06-30 | $0.52 | $0.08 | x |
| 2024-06-30 | $0.34 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clean Seas Seafood Limited 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): -53.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -48.62%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.40x
- Recent ROE (-53.97%) is below the historical average (-20.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -59.98% | 0.00% | 0.00x | 4.85x | $-487.93K |
| 2006 | 0.48% | 8.59% | 0.04x | 1.30x | $-1.49 Million |
| 2007 | 4.16% | 14.62% | 0.19x | 1.53x | $-1.55 Million |
| 2008 | -1.05% | -4.88% | 0.15x | 1.43x | $-6.95 Million |
| 2009 | -17.06% | -41.48% | 0.25x | 1.67x | $-19.93 Million |
| 2010 | -14.35% | -39.71% | 0.33x | 1.10x | $-26.56 Million |
| 2011 | -38.66% | -83.26% | 0.42x | 1.10x | $-40.73 Million |
| 2012 | -56.38% | -135.58% | 0.37x | 1.13x | $-36.20 Million |
| 2013 | -148.03% | -229.88% | 0.51x | 1.25x | $-36.78 Million |
| 2014 | 23.32% | 107.19% | 0.21x | 1.05x | $6.37 Million |
| 2015 | 7.92% | 22.23% | 0.34x | 1.05x | $-1.08 Million |
| 2016 | -20.93% | -29.85% | 0.60x | 1.16x | $-13.27 Million |
| 2017 | 0.39% | 0.57% | 0.61x | 1.12x | $-4.95 Million |
| 2018 | 4.71% | 8.10% | 0.51x | 1.14x | $-3.80 Million |
| 2019 | 1.97% | 3.11% | 0.49x | 1.28x | $-5.91 Million |
| 2020 | -19.95% | -35.85% | 0.38x | 1.47x | $-21.70 Million |
| 2021 | -46.84% | -66.23% | 0.48x | 1.49x | $-38.95 Million |
| 2022 | 10.75% | 13.11% | 0.67x | 1.23x | $601.80K |
| 2023 | 6.89% | 8.64% | 0.64x | 1.25x | $-2.71 Million |
| 2024 | -53.97% | -48.62% | 0.79x | 1.40x | $-39.65 Million |
Industry Comparison
This section compares Clean Seas Seafood Limited's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $2,544,899,689
- Average return on equity (ROE) among peers: 2.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clean Seas Seafood Limited (CTUNF) | $29.34 Million | -59.98% | 0.69x | $9.22 Million |
| African Agriculture Holdings Inc (AAGRW) | $-22.58 Million | 0.00% | 0.00x | $107.62K |
| Atlantic Sapphire ASA (AASZF) | $255.46 Million | -21.61% | 0.26x | $8.52 Million |
| Australian Agricultural Company Limited (AAYYY) | $843.66 Million | -17.59% | 0.52x | $654.00 Million |
| Archer-Daniels-Midland Company (ADM) | $18.17 Billion | 11.21% | 1.30x | $33.40 Billion |
| Anglo-Eastern Plantations Plc (AEPLF) | $471.37 Million | 10.04% | 0.19x | $166.40 Million |
| Forafric Global PLC Ordinary Shares (AFRI) | $47.65 Million | -16.75% | 5.29x | $31.34 Million |
| Adecoagro SA (AGRO) | $757.16 Million | -0.03% | 0.68x | $248.53 Million |
| Agroz Inc. Ordinary Shares (AGRZ) | $13.73 Million | 25.57% | 2.72x | $5.36 Million |
| Alico Inc (ALCO) | $127.55 Million | 14.50% | 0.45x | $229.15 Million |
| Astral Foods Limited (ALFDF) | $4.79 Billion | 22.32% | 0.76x | $170.88 Million |