Paragon Shipping Inc
Paragon Shipping Inc. provides shipping transportation services worldwide. It engages in the ocean transportation of drybulk cargoes, including commodities, such as iron ore, coal, grain, and other materials. Paragon Shipping Inc. was founded in 2006 and is based in Voula, Greece.
Paragon Shipping Inc (PRGNF) - Net Assets
Latest net assets as of December 2016: $-18.58 Million USD
Based on the latest financial reports, Paragon Shipping Inc (PRGNF) has net assets worth $-18.58 Million USD as of December 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($716.00K) and total liabilities ($19.30 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 | $-18.58 Million |
| % of Total Assets | -2595.53% |
| Annual Growth Rate | N/A |
| 5-Year Change | -108.62% |
| 10-Year Change | -106.74% |
| Growth Volatility | 77.51 |
Paragon Shipping Inc - Net Assets Trend (2006–2016)
This chart illustrates how Paragon Shipping 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 Paragon Shipping Inc (2006–2016)
The table below shows the annual net assets of Paragon Shipping Inc from 2006 to 2016.
| Year | Net Assets | Change |
|---|---|---|
| 2016-12-31 | $-18.58 Million | +58.87% |
| 2015-12-31 | $-45.19 Million | -120.32% |
| 2014-12-31 | $222.40 Million | -4.41% |
| 2013-12-31 | $232.65 Million | +7.95% |
| 2012-12-31 | $215.52 Million | -2.58% |
| 2011-12-31 | $221.22 Million | -54.90% |
| 2010-12-31 | $490.47 Million | +7.50% |
| 2009-12-31 | $456.27 Million | +47.93% |
| 2008-12-31 | $308.43 Million | +11.90% |
| 2007-12-31 | $275.64 Million | +186.27% |
| 2006-12-31 | $96.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Paragon Shipping 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 decreased by 55762782300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2016)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $10.82K | % |
| Other Comprehensive Income | $539.04 Million | % |
| Total Equity | $-18.58 Million | 100.00% |
Paragon Shipping Inc Competitors by Market Cap
The table below lists competitors of Paragon Shipping Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BOOHOO GROUP PLC
LSE:DEBS
|
$21.46 |
|
HYBRIGENICS A-
BE:3HB
|
$21.76 |
|
Guyana Gold Corp
PINK:GYGC
|
$21.85 |
|
BC Craft Supply Co. Ltd
PINK:CRFTF
|
$22.00 |
|
Naeem Holding
EGX:NAHO
|
$21.13 |
|
Topcon Corporation
PINK:TOPCF
|
$21.00 |
|
Kings Arms Yard Vct Plc
LSE:KAY
|
$20.84 |
|
Tykhe Corp
PINK:HALB
|
$20.80 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paragon Shipping Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2015 to 2016, total equity changed from -45,188,123 to -18,584,463, a change of 26,603,660.
- Net income of 23,765,375 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,817,308.
- Other factors increased equity by 20,977.
Equity Change Factors (2015 to 2016)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.77 Million | +127.88% |
| Other Comprehensive Income | $2.82 Million | +15.16% |
| Other Changes | $20.98K | +0.11% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Paragon Shipping 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-7013.96 | $0.00 | x |
| 2016-12-31 | $-158.59 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paragon Shipping 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1199.71%
- • Asset Turnover: 2.77x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (1.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 1.78% | 6.40% | 0.12x | 2.39x | $-22.66 Million |
| 2008 | 22.45% | 40.89% | 0.23x | 2.41x | $38.39 Million |
| 2009 | 14.39% | 40.77% | 0.20x | 1.78x | $20.05 Million |
| 2010 | 4.67% | 19.34% | 0.14x | 1.67x | $-26.15 Million |
| 2013 | -7.29% | -30.14% | 0.13x | 1.80x | $-40.22 Million |
| 2014 | -23.29% | -94.58% | 0.12x | 2.05x | $-74.04 Million |
| 2015 | 0.00% | -783.31% | 0.31x | 0.00x | $-259.58 Million |
| 2016 | 0.00% | 1199.71% | 2.77x | 0.00x | $25.62 Million |
Industry Comparison
This section compares Paragon Shipping Inc'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 |
|---|---|---|---|---|
| Paragon Shipping Inc (PRGNF) | $-18.58 Million | 1.78% | N/A | $21.34 |
| 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 |