SBM Offshore NV
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, demobilization, and life extension of floating production storage and offloading (FPSO) vessels. The company also operates catenary anchor leg mooring (CALM), a single point moori… Read more
SBM Offshore NV (SBFFF) - Net Assets
Latest net assets as of June 2025: $6.04 Billion USD
Based on the latest financial reports, SBM Offshore NV (SBFFF) has net assets worth $6.04 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 ($17.85 Billion) and total liabilities ($11.80 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 | $6.04 Billion |
| % of Total Assets | 33.87% |
| Annual Growth Rate | 10.25% |
| 5-Year Change | 68.85% |
| 10-Year Change | 68.61% |
| Growth Volatility | 19.88 |
SBM Offshore NV - Net Assets Trend (2002–2024)
This chart illustrates how SBM Offshore NV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SBM Offshore NV (2002–2024)
The table below shows the annual net assets of SBM Offshore NV from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.84 Billion | +5.68% |
| 2023-12-31 | $5.53 Billion | +12.54% |
| 2022-12-31 | $4.91 Billion | +38.97% |
| 2021-12-31 | $3.54 Billion | +2.17% |
| 2020-12-31 | $3.46 Billion | -4.21% |
| 2019-12-31 | $3.61 Billion | +0.03% |
| 2018-12-31 | $3.61 Billion | +1.49% |
| 2017-12-31 | $3.56 Billion | +1.34% |
| 2016-12-31 | $3.51 Billion | +1.33% |
| 2015-12-31 | $3.47 Billion | +10.07% |
| 2014-12-31 | $3.15 Billion | +47.49% |
| 2013-12-31 | $2.13 Billion | +38.65% |
| 2012-12-31 | $1.54 Billion | +14.14% |
| 2011-12-31 | $1.35 Billion | -36.47% |
| 2010-12-31 | $2.12 Billion | +16.87% |
| 2009-12-31 | $1.82 Billion | +46.41% |
| 2008-12-31 | $1.24 Billion | -7.24% |
| 2007-12-31 | $1.34 Billion | +19.54% |
| 2006-12-31 | $1.12 Billion | +24.98% |
| 2005-12-31 | $895.34 Million | +35.13% |
| 2004-12-31 | $662.59 Million | -7.11% |
| 2003-12-31 | $713.27 Million | +4.45% |
| 2002-12-31 | $682.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SBM Offshore NV'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 248832697200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.49 Billion | 68.76% |
| Common Stock | $45.99 Million | 1.27% |
| Other Comprehensive Income | $108.00 Million | 2.98% |
| Other Components | $976.69 Million | 26.99% |
| Total Equity | $3.62 Billion | 100.00% |
SBM Offshore NV Competitors by Market Cap
The table below lists competitors of SBM Offshore NV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nichirei Corporation
PINK:NCHEY
|
$2.83 Billion |
|
Chemours Co
NYSE:CC
|
$2.84 Billion |
|
Guaranty Trust Holding Co. PLC GDR
LSE:GTCO
|
$2.84 Billion |
|
Meiko Electronics Co. Ltd
F:MEC
|
$2.84 Billion |
|
Synaptics Incorporated
NASDAQ:SYNA
|
$2.83 Billion |
|
Samsonite International S.A
PINK:SMSOF
|
$2.83 Billion |
|
FOSITEK CORP
TW:6805
|
$2.83 Billion |
|
Bank of Hawaii Corporation
NYSE:BOH
|
$2.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SBM Offshore NV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,733,000,000 to 3,619,000,000, a change of -114,000,000 (-3.1%).
- Net income of 150,000,000 contributed positively to equity growth.
- Dividend payments of 249,000,000 reduced retained earnings.
- Share repurchases of 102,000,000 reduced equity.
- Other comprehensive income decreased equity by 115,815,470.
- Other factors increased equity by 202,815,470.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $150.00 Million | +4.14% |
| Dividends Paid | $249.00 Million | -6.88% |
| Share Repurchases | $102.00 Million | -2.82% |
| Other Comprehensive Income | $-115.82 Million | -3.2% |
| Other Changes | $202.82 Million | +5.6% |
| Total Change | $- | -3.05% |
Book Value vs Market Value Analysis
This analysis compares SBM Offshore NV'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 4.06x 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 |
|---|---|---|---|
| 2002-12-31 | $5.21 | $21.15 | x |
| 2003-12-31 | $5.36 | $21.15 | x |
| 2004-12-31 | $4.91 | $21.15 | x |
| 2005-12-31 | $6.46 | $21.15 | x |
| 2006-12-31 | $7.86 | $21.15 | x |
| 2007-12-31 | $8.93 | $21.15 | x |
| 2008-12-31 | $8.31 | $21.15 | x |
| 2009-12-31 | $11.71 | $21.15 | x |
| 2010-12-31 | $12.04 | $21.15 | x |
| 2011-12-31 | $7.39 | $21.15 | x |
| 2012-12-31 | $8.36 | $21.15 | x |
| 2013-12-31 | $10.07 | $21.15 | x |
| 2014-12-31 | $11.55 | $21.15 | x |
| 2015-12-31 | $11.83 | $21.15 | x |
| 2016-12-31 | $11.95 | $21.15 | x |
| 2017-12-31 | $12.33 | $21.15 | x |
| 2018-12-31 | $12.89 | $21.15 | x |
| 2019-12-31 | $13.84 | $21.15 | x |
| 2020-12-31 | $13.35 | $21.15 | x |
| 2021-12-31 | $13.89 | $21.15 | x |
| 2022-12-31 | $18.89 | $21.15 | x |
| 2023-12-31 | $20.57 | $21.15 | x |
| 2024-12-31 | $19.92 | $21.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SBM Offshore NV 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): 4.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.14%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 4.74x
- Recent ROE (4.14%) is below the historical average (8.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 11.43% | 8.33% | 0.41x | 3.38x | $9.71 Million |
| 2003 | 6.59% | 2.52% | 0.66x | 3.94x | $-24.17 Million |
| 2004 | 4.35% | 2.70% | 0.41x | 3.95x | $-37.43 Million |
| 2005 | 25.21% | 14.85% | 0.62x | 2.76x | $136.18 Million |
| 2006 | 19.34% | 10.87% | 0.68x | 2.63x | $104.47 Million |
| 2007 | 20.01% | 9.29% | 0.79x | 2.73x | $133.42 Million |
| 2008 | 18.07% | 7.29% | 0.70x | 3.52x | $99.70 Million |
| 2009 | 12.26% | 7.47% | 0.63x | 2.58x | $40.74 Million |
| 2010 | 11.57% | 7.85% | 0.60x | 2.46x | $32.64 Million |
| 2011 | -34.33% | -13.96% | 0.60x | 4.12x | $-568.97 Million |
| 2012 | -5.41% | -2.15% | 0.58x | 4.31x | $-226.34 Million |
| 2013 | 5.52% | 2.37% | 0.67x | 3.45x | $-92.40 Million |
| 2014 | 23.77% | 10.49% | 0.49x | 4.60x | $333.10 Million |
| 2015 | 1.16% | 1.07% | 0.24x | 4.54x | $-220.60 Million |
| 2016 | 7.23% | 8.01% | 0.20x | 4.57x | $-69.60 Million |
| 2017 | -6.20% | -8.33% | 0.17x | 4.40x | $-405.10 Million |
| 2018 | 8.05% | 9.46% | 0.22x | 3.79x | $-51.40 Million |
| 2019 | 13.32% | 10.79% | 0.33x | 3.74x | $91.20 Million |
| 2020 | 7.47% | 5.46% | 0.32x | 4.34x | $-64.60 Million |
| 2021 | 15.51% | 10.67% | 0.28x | 5.12x | $142.10 Million |
| 2022 | 13.25% | 9.16% | 0.31x | 4.68x | $110.30 Million |
| 2023 | 13.15% | 9.90% | 0.29x | 4.60x | $117.70 Million |
| 2024 | 4.14% | 3.14% | 0.28x | 4.74x | $-211.90 Million |
Industry Comparison
This section compares SBM Offshore NV'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 |
|---|---|---|---|---|
| SBM Offshore NV (SBFFF) | $6.04 Billion | 11.43% | 1.95x | $2.83 Billion |
| 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 |