MODEC Inc
MODEC, Inc., a general contractor, engages in the engineering, procurement, construction, and installation of floating production systems for the offshore oil and gas production industries in Brazil, Guyana, Senegal, Ghana, Ivory Coast, Mexico, and internationally. The company offers floating production storage and offloading units; floating storage and offloading units; FLNGs; tension leg platfo… Read more
MODEC Inc (MDIKF) - Net Assets
Latest net assets as of December 2024: $1.20 Billion USD
Based on the latest financial reports, MODEC Inc (MDIKF) has net assets worth $1.20 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 ($4.51 Billion) and total liabilities ($3.31 Billion). 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 | $1.20 Billion |
| % of Total Assets | 26.55% |
| Annual Growth Rate | 8.59% |
| 5-Year Change | 30.08% |
| 10-Year Change | 25.58% |
| Growth Volatility | 24.11 |
MODEC Inc - Net Assets Trend (2004–2024)
This chart illustrates how MODEC 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 MODEC Inc (2004–2024)
The table below shows the annual net assets of MODEC Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.20 Billion | +15.76% |
| 2023-12-31 | $1.04 Billion | +23.08% |
| 2022-12-31 | $841.12 Million | +51.62% |
| 2021-12-31 | $554.76 Million | -39.79% |
| 2020-12-31 | $921.30 Million | -19.97% |
| 2019-12-31 | $1.15 Billion | -22.92% |
| 2018-12-31 | $1.49 Billion | +13.47% |
| 2017-12-31 | $1.32 Billion | +14.36% |
| 2016-12-31 | $1.15 Billion | +20.60% |
| 2015-12-31 | $954.36 Million | +4.00% |
| 2014-12-31 | $917.61 Million | +19.69% |
| 2013-12-31 | $766.63 Million | +9.15% |
| 2012-12-31 | $702.34 Million | +3.47% |
| 2011-12-31 | $678.75 Million | -5.15% |
| 2010-12-31 | $715.62 Million | +66.18% |
| 2009-12-31 | $430.62 Million | -3.87% |
| 2008-12-31 | $447.95 Million | +18.58% |
| 2007-12-31 | $377.76 Million | +6.51% |
| 2006-12-31 | $354.69 Million | +5.65% |
| 2005-12-31 | $335.71 Million | +45.47% |
| 2004-12-31 | $230.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MODEC 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 884.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $722.39 Million | 61.20% |
| Common Stock | $190.41 Million | 16.13% |
| Other Components | $267.64 Million | 22.67% |
| Total Equity | $1.18 Billion | 100.00% |
MODEC Inc Competitors by Market Cap
The table below lists competitors of MODEC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLASSYS Inc
KQ:214150
|
$817.43 Million |
|
Petrosea Tbk
JK:PTRO
|
$817.49 Million |
|
Neinor Homes S.A
PINK:NNRHF
|
$817.63 Million |
|
SRG Global Ltd
AU:SRG
|
$818.10 Million |
|
Sigdo Koppers
SN:SK
|
$817.19 Million |
|
Qt Group Oyj
PINK:QTGPF
|
$817.19 Million |
|
Reit 1 Ltd
PINK:RETDF
|
$816.72 Million |
|
Chacha Food Co Ltd
SHE:002557
|
$816.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MODEC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 992,817,000 to 1,180,435,000, a change of 187,618,000 (18.9%).
- Net income of 220,405,000 contributed positively to equity growth.
- Dividend payments of 22,488,000 reduced retained earnings.
- Other comprehensive income decreased equity by 93,959,737.
- Other factors increased equity by 83,660,737.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $220.41 Million | +18.67% |
| Dividends Paid | $22.49 Million | -1.91% |
| Other Comprehensive Income | $-93.96 Million | -7.96% |
| Other Changes | $83.66 Million | +7.09% |
| Total Change | $- | 18.90% |
Book Value vs Market Value Analysis
This analysis compares MODEC 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: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.58x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $7.09 | $18.29 | x |
| 2005-12-31 | $9.37 | $18.29 | x |
| 2006-12-31 | $9.17 | $18.29 | x |
| 2007-12-31 | $9.77 | $18.29 | x |
| 2008-12-31 | $10.94 | $18.29 | x |
| 2009-12-31 | $10.98 | $18.29 | x |
| 2010-12-31 | $14.93 | $18.29 | x |
| 2011-12-31 | $13.26 | $18.29 | x |
| 2012-12-31 | $13.56 | $18.29 | x |
| 2013-12-31 | $14.54 | $18.29 | x |
| 2014-12-31 | $15.19 | $18.29 | x |
| 2015-12-31 | $14.94 | $18.29 | x |
| 2016-12-31 | $18.65 | $18.29 | x |
| 2017-12-31 | $21.46 | $18.29 | x |
| 2018-12-31 | $24.53 | $18.29 | x |
| 2019-12-31 | $19.85 | $18.29 | x |
| 2020-12-31 | $15.73 | $18.29 | x |
| 2021-12-31 | $9.45 | $18.29 | x |
| 2022-12-31 | $14.39 | $18.29 | x |
| 2023-12-31 | $15.90 | $18.29 | x |
| 2024-12-31 | $17.28 | $18.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MODEC 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): 18.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.26%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 3.81x
- Recent ROE (18.67%) is above the historical average (3.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 10.01% | 4.30% | 0.78x | 2.99x | $19.03K |
| 2005 | 8.49% | 4.49% | 0.68x | 2.77x | $-4.84 Million |
| 2006 | 8.09% | 3.33% | 0.80x | 3.02x | $-6.55 Million |
| 2007 | 11.01% | 3.12% | 1.17x | 3.02x | $3.71 Million |
| 2008 | 3.65% | 0.94% | 1.01x | 3.82x | $-25.99 Million |
| 2009 | 6.31% | 1.18% | 1.21x | 4.40x | $-15.16 Million |
| 2010 | 5.10% | 1.86% | 1.00x | 2.73x | $-32.25 Million |
| 2011 | 6.48% | 2.36% | 1.05x | 2.62x | $-21.68 Million |
| 2012 | 9.48% | 2.74% | 1.21x | 2.85x | $-3.26 Million |
| 2013 | 6.95% | 1.93% | 1.18x | 3.05x | $-20.58 Million |
| 2014 | 5.60% | 1.43% | 1.09x | 3.60x | $-35.62 Million |
| 2015 | 5.73% | 1.97% | 0.83x | 3.49x | $-35.95 Million |
| 2016 | 17.08% | 9.14% | 0.69x | 2.71x | $74.45 Million |
| 2017 | 14.25% | 10.18% | 0.60x | 2.35x | $51.48 Million |
| 2018 | 14.34% | 9.86% | 0.65x | 2.25x | $60.03 Million |
| 2019 | -14.97% | -5.48% | 0.87x | 3.15x | $-279.22 Million |
| 2020 | -14.88% | -4.39% | 0.87x | 3.91x | $-220.56 Million |
| 2021 | -68.29% | -9.33% | 1.14x | 6.43x | $-416.95 Million |
| 2022 | 4.61% | 1.36% | 0.87x | 3.86x | $-43.79 Million |
| 2023 | 9.72% | 2.70% | 0.92x | 3.92x | $-2.75 Million |
| 2024 | 18.67% | 5.26% | 0.93x | 3.81x | $102.36 Million |
Industry Comparison
This section compares MODEC Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MODEC Inc (MDIKF) | $1.20 Billion | 10.01% | 2.77x | $817.40 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |