Pacific Basin Shipping Limited
Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services in Hong Kong and internationally. The company offers shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum,… Read more
Pacific Basin Shipping Limited (PCFBF) - Net Assets
Latest net assets as of June 2025: $1.80 Billion USD
Based on the latest financial reports, Pacific Basin Shipping Limited (PCFBF) has net assets worth $1.80 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.33 Billion) and total liabilities ($534.30 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 | $1.80 Billion |
| % of Total Assets | 77.08% |
| Annual Growth Rate | 20.12% |
| 5-Year Change | 71.59% |
| 10-Year Change | 88.13% |
| Growth Volatility | 106.62 |
Pacific Basin Shipping Limited - Net Assets Trend (2003–2024)
This chart illustrates how Pacific Basin Shipping 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 Pacific Basin Shipping Limited (2003–2024)
The table below shows the annual net assets of Pacific Basin Shipping Limited from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.83 Billion | +1.60% |
| 2023-12-31 | $1.80 Billion | -5.74% |
| 2022-12-31 | $1.91 Billion | +4.16% |
| 2021-12-31 | $1.83 Billion | +72.03% |
| 2020-12-31 | $1.06 Billion | -16.57% |
| 2019-12-31 | $1.28 Billion | +3.63% |
| 2018-12-31 | $1.23 Billion | +6.03% |
| 2017-12-31 | $1.16 Billion | +11.56% |
| 2016-12-31 | $1.04 Billion | +7.19% |
| 2015-12-31 | $970.94 Million | -3.08% |
| 2014-12-31 | $1.00 Billion | -23.20% |
| 2013-12-31 | $1.30 Billion | -2.08% |
| 2012-12-31 | $1.33 Billion | -10.30% |
| 2011-12-31 | $1.48 Billion | -3.88% |
| 2010-12-31 | $1.54 Billion | +6.14% |
| 2009-12-31 | $1.46 Billion | +19.44% |
| 2008-12-31 | $1.22 Billion | +40.47% |
| 2007-12-31 | $867.57 Million | +78.88% |
| 2006-12-31 | $484.99 Million | +56.82% |
| 2005-12-31 | $309.27 Million | +32.94% |
| 2004-12-31 | $232.64 Million | +498.28% |
| 2003-12-31 | $38.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pacific Basin Shipping 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 grown by 4046.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $662.99 Million | 36.30% |
| Common Stock | $50.69 Million | 2.77% |
| Other Comprehensive Income | $-5.17 Million | -0.28% |
| Other Components | $1.12 Billion | 61.21% |
| Total Equity | $1.83 Billion | 100.00% |
Pacific Basin Shipping Limited Competitors by Market Cap
The table below lists competitors of Pacific Basin Shipping Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT VKTR Teknologi Mobilitas
JK:VKTR
|
$973.51 Million |
|
Allied Properties Real Estate Investment Trust
PINK:APYRF
|
$973.59 Million |
|
Jafron Biomedical Co Ltd
SHE:300529
|
$973.63 Million |
|
VIZIO HLDG.CL.A DL-0001
F:7UF
|
$973.76 Million |
|
Nyfosa AB
LSE:0A0K
|
$973.31 Million |
|
Eerly Govt Ppty Inc
NYSE:DEA
|
$973.27 Million |
|
Skywater Technology Inc
NASDAQ:SKYT
|
$972.95 Million |
|
BHI Co. Ltd
KQ:083650
|
$972.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pacific Basin Shipping Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,797,929,000 to 1,826,644,000, a change of 28,715,000 (1.6%).
- Net income of 131,697,000 contributed positively to equity growth.
- Dividend payments of 65,797,000 reduced retained earnings.
- Share repurchases of 45,614,000 reduced equity.
- Other comprehensive income increased equity by 54,556,175.
- Other factors decreased equity by 46,127,175.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $131.70 Million | +7.21% |
| Dividends Paid | $65.80 Million | -3.6% |
| Share Repurchases | $45.61 Million | -2.5% |
| Other Comprehensive Income | $54.56 Million | +2.99% |
| Other Changes | $-46.13 Million | -2.53% |
| Total Change | $- | 1.60% |
Book Value vs Market Value Analysis
This analysis compares Pacific Basin Shipping 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: 0.71x
- 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 6.76x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.04 | $0.24 | x |
| 2004-12-31 | $0.16 | $0.24 | x |
| 2005-12-31 | $0.18 | $0.24 | x |
| 2006-12-31 | $0.26 | $0.24 | x |
| 2007-12-31 | $0.40 | $0.24 | x |
| 2008-12-31 | $0.53 | $0.24 | x |
| 2009-12-31 | $0.57 | $0.24 | x |
| 2010-12-31 | $0.58 | $0.24 | x |
| 2011-12-31 | $0.56 | $0.24 | x |
| 2012-12-31 | $0.50 | $0.24 | x |
| 2013-12-31 | $0.67 | $0.24 | x |
| 2014-12-31 | $0.52 | $0.24 | x |
| 2015-12-31 | $0.37 | $0.24 | x |
| 2016-12-31 | $0.32 | $0.24 | x |
| 2017-12-31 | $0.28 | $0.24 | x |
| 2018-12-31 | $0.27 | $0.24 | x |
| 2019-12-31 | $0.27 | $0.24 | x |
| 2020-12-31 | $0.23 | $0.24 | x |
| 2021-12-31 | $0.34 | $0.24 | x |
| 2022-12-31 | $0.35 | $0.24 | x |
| 2023-12-31 | $0.33 | $0.24 | x |
| 2024-12-31 | $0.34 | $0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pacific Basin Shipping 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): 7.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.10%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.32x
- Recent ROE (7.21%) is below the historical average (14.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 58.34% | 41.87% | 0.25x | 5.47x | $18.80 Million |
| 2004 | 44.50% | 54.80% | 0.29x | 2.81x | $80.25 Million |
| 2005 | 47.58% | 33.93% | 0.64x | 2.18x | $116.22 Million |
| 2006 | 22.74% | 17.78% | 0.67x | 1.90x | $61.79 Million |
| 2007 | 54.45% | 40.10% | 0.71x | 1.91x | $385.42 Million |
| 2008 | 33.57% | 24.19% | 0.73x | 1.91x | $287.25 Million |
| 2009 | 7.58% | 11.60% | 0.38x | 1.70x | $-35.28 Million |
| 2010 | 6.75% | 8.23% | 0.50x | 1.65x | $-50.15 Million |
| 2011 | 2.15% | 2.38% | 0.55x | 1.64x | $-116.51 Million |
| 2012 | -11.90% | -10.98% | 0.58x | 1.85x | $-291.67 Million |
| 2013 | 0.76% | 0.58% | 0.67x | 1.95x | $-120.57 Million |
| 2014 | -27.93% | -16.28% | 0.74x | 2.30x | $-379.92 Million |
| 2015 | -1.91% | -1.47% | 0.59x | 2.21x | $-115.63 Million |
| 2016 | -8.32% | -7.96% | 0.52x | 2.02x | $-190.62 Million |
| 2017 | 0.31% | 0.24% | 0.67x | 1.92x | $-112.50 Million |
| 2018 | 5.87% | 4.54% | 0.67x | 1.92x | $-50.84 Million |
| 2019 | 1.97% | 1.58% | 0.66x | 1.88x | $-102.47 Million |
| 2020 | -19.56% | -14.16% | 0.67x | 2.06x | $-314.68 Million |
| 2021 | 46.13% | 28.42% | 1.08x | 1.50x | $661.69 Million |
| 2022 | 36.80% | 21.39% | 1.24x | 1.39x | $511.12 Million |
| 2023 | 6.08% | 4.76% | 0.94x | 1.35x | $-70.41 Million |
| 2024 | 7.21% | 5.10% | 1.07x | 1.32x | $-50.97 Million |
Industry Comparison
This section compares Pacific Basin Shipping Limited's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pacific Basin Shipping Limited (PCFBF) | $1.80 Billion | 58.34% | 0.30x | $973.48 Million |
| 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 |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| 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 |