Santos Ltd
Santos Limited explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Alaska, Cooper Basin, Queensland and NSW, Papua New Guinea, Western Australia, Northern Australia and Timor-Leste. It also engages in the development of decarbonization technologies. In addition, the company produces crude oil, liquefied petr… Read more
Santos Ltd (STOSF) - Net Assets
Latest net assets as of June 2025: $15.71 Billion USD
Based on the latest financial reports, Santos Ltd (STOSF) has net assets worth $15.71 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 ($29.88 Billion) and total liabilities ($14.17 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 | $15.71 Billion |
| % of Total Assets | 52.59% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | 114.99% |
| 10-Year Change | 109.17% |
| Growth Volatility | 24.16 |
Santos Ltd - Net Assets Trend (1987–2024)
This chart illustrates how Santos Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Santos Ltd (1987–2024)
The table below shows the annual net assets of Santos Ltd from 1987 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $15.54 Billion | +1.72% |
| 2023-12-31 | $15.28 Billion | +2.91% |
| 2022-12-31 | $14.84 Billion | +9.39% |
| 2021-12-31 | $13.57 Billion | +87.75% |
| 2020-12-31 | $7.23 Billion | -5.85% |
| 2019-12-31 | $7.68 Billion | +5.45% |
| 2018-12-31 | $7.28 Billion | +1.79% |
| 2017-12-31 | $7.15 Billion | +1.00% |
| 2016-12-31 | $7.08 Billion | -4.69% |
| 2015-12-31 | $7.43 Billion | -3.54% |
| 2014-12-31 | $7.70 Billion | -15.45% |
| 2013-12-31 | $9.11 Billion | -6.39% |
| 2012-12-31 | $9.73 Billion | +6.21% |
| 2011-12-31 | $9.16 Billion | +18.63% |
| 2010-12-31 | $7.72 Billion | +23.38% |
| 2009-12-31 | $6.26 Billion | +99.86% |
| 2008-12-31 | $3.13 Billion | +7.88% |
| 2007-12-31 | $2.90 Billion | -13.49% |
| 2006-12-31 | $3.36 Billion | +13.21% |
| 2005-12-31 | $2.96 Billion | +8.59% |
| 2004-12-31 | $2.73 Billion | +17.46% |
| 2003-12-31 | $2.32 Billion | +44.67% |
| 2002-12-31 | $1.61 Billion | +15.41% |
| 2001-12-31 | $1.39 Billion | +8.13% |
| 2000-12-31 | $1.29 Billion | +8.85% |
| 1998-12-31 | $1.18 Billion | -5.27% |
| 1997-12-31 | $1.25 Billion | +10.38% |
| 1995-12-31 | $1.13 Billion | -4.84% |
| 1994-12-31 | $1.19 Billion | +27.11% |
| 1993-12-31 | $935.07 Million | +10.31% |
| 1992-12-31 | $847.65 Million | -8.25% |
| 1991-12-31 | $923.83 Million | -13.27% |
| 1990-12-31 | $1.07 Billion | +20.14% |
| 1989-12-31 | $886.68 Million | +3.07% |
| 1987-12-31 | $860.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Santos Ltd'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 330.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.09 Billion | 7.00% |
| Common Stock | $14.35 Billion | 92.33% |
| Other Comprehensive Income | $105.00 Million | 0.68% |
| Total Equity | $15.54 Billion | 100.00% |
Santos Ltd Competitors by Market Cap
The table below lists competitors of Santos Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kuehne + Nagel International AG
PINK:KHNGF
|
$10.87 Billion |
|
Guangdong Wens Foodstuff Group Co Ltd
SHE:300498
|
$10.88 Billion |
|
China CITIC Bank Corporation Limited
F:D7C
|
$10.90 Billion |
|
Equinox Gold Corp
NYSE MKT:EQX
|
$10.91 Billion |
|
J.M. Smucker Co.
LSE:0L7F
|
$10.85 Billion |
|
Metso Oyj
HE:METSO
|
$10.84 Billion |
|
Jazz Pharmaceuticals PLC
NASDAQ:JAZZ
|
$10.82 Billion |
|
Service Corporation International
NYSE:SCI
|
$10.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Santos Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,275,000,000 to 15,537,000,000, a change of 262,000,000 (1.7%).
- Net income of 1,224,000,000 contributed positively to equity growth.
- Dividend payments of 991,000,000 reduced retained earnings.
- Share repurchases of 15,000,000 reduced equity.
- Other comprehensive income decreased equity by 433,000,000.
- Other factors increased equity by 477,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.22 Billion | +7.88% |
| Dividends Paid | $991.00 Million | -6.38% |
| Share Repurchases | $15.00 Million | -0.1% |
| Other Comprehensive Income | $-433.00 Million | -2.79% |
| Other Changes | $477.00 Million | +3.07% |
| Total Change | $- | 1.72% |
Book Value vs Market Value Analysis
This analysis compares Santos Ltd'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 1.16x 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 |
|---|---|---|---|
| 1987-12-31 | $2.89 | $3.36 | x |
| 1989-12-31 | $2.05 | $3.36 | x |
| 1990-12-31 | $2.50 | $3.36 | x |
| 1991-12-31 | $2.09 | $3.36 | x |
| 1992-12-31 | $1.71 | $3.36 | x |
| 1993-12-31 | $1.85 | $3.36 | x |
| 1994-12-31 | $2.27 | $3.36 | x |
| 1995-12-31 | $2.11 | $3.36 | x |
| 1996-12-31 | $2.39 | $3.36 | x |
| 1997-12-31 | $2.12 | $3.36 | x |
| 1998-12-31 | $1.95 | $3.36 | x |
| 1999-12-31 | $2.22 | $3.36 | x |
| 2000-12-31 | $2.12 | $3.36 | x |
| 2001-12-31 | $2.27 | $3.36 | x |
| 2002-12-31 | $2.77 | $3.36 | x |
| 2003-12-31 | $3.98 | $3.36 | x |
| 2004-12-31 | $4.67 | $3.36 | x |
| 2005-12-31 | $4.77 | $3.36 | x |
| 2006-12-31 | $5.41 | $3.36 | x |
| 2007-12-31 | $4.90 | $3.36 | x |
| 2008-12-31 | $5.08 | $3.36 | x |
| 2009-12-31 | $7.66 | $3.36 | x |
| 2010-12-31 | $9.21 | $3.36 | x |
| 2011-12-31 | $10.28 | $3.36 | x |
| 2012-12-31 | $10.15 | $3.36 | x |
| 2013-12-31 | $9.38 | $3.36 | x |
| 2014-12-31 | $7.88 | $3.36 | x |
| 2015-12-31 | $6.45 | $3.36 | x |
| 2016-12-31 | $3.94 | $3.36 | x |
| 2017-12-31 | $3.44 | $3.36 | x |
| 2018-12-31 | $3.47 | $3.36 | x |
| 2019-12-31 | $3.66 | $3.36 | x |
| 2020-12-31 | $3.47 | $3.36 | x |
| 2021-12-31 | $6.31 | $3.36 | x |
| 2022-12-31 | $4.41 | $3.36 | x |
| 2023-12-31 | $4.66 | $3.36 | x |
| 2024-12-31 | $4.76 | $3.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Santos Ltd 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): 7.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.65%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.91x
- Recent ROE (7.88%) is above the historical average (4.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | -1.70% | 0.00% | 0.00x | 3.11x | $-88.92 Million |
| 1989 | -0.16% | 0.00% | 0.00x | 2.82x | $-83.24 Million |
| 1990 | -0.41% | 0.00% | 0.00x | 2.29x | $-104.09 Million |
| 1991 | -0.23% | 0.00% | 0.00x | 2.39x | $-91.17 Million |
| 1996 | 12.35% | 0.00% | 0.00x | 0.00x | $29.67 Million |
| 2001 | 16.35% | 30.55% | 0.29x | 1.85x | $88.43 Million |
| 2002 | -0.87% | -1.65% | 0.28x | 1.86x | $-174.53 Million |
| 2003 | -0.37% | -0.78% | 0.28x | 1.69x | $-241.03 Million |
| 2004 | -1.07% | -2.45% | 0.26x | 1.70x | $-302.06 Million |
| 2005 | 18.83% | 30.75% | 0.29x | 2.09x | $261.63 Million |
| 2006 | 18.23% | 28.56% | 0.31x | 2.06x | $276.25 Million |
| 2007 | 13.31% | 17.80% | 0.34x | 2.21x | $96.06 Million |
| 2008 | 36.00% | 57.80% | 0.28x | 2.19x | $814.14 Million |
| 2009 | 6.09% | 18.90% | 0.20x | 1.63x | $-244.97 Million |
| 2010 | 6.57% | 21.54% | 0.17x | 1.81x | $-264.56 Million |
| 2011 | 8.40% | 28.75% | 0.17x | 1.76x | $-146.86 Million |
| 2012 | 5.54% | 15.79% | 0.19x | 1.82x | $-434.26 Million |
| 2013 | 5.05% | 14.17% | 0.18x | 2.02x | $-450.93 Million |
| 2014 | -9.93% | -23.16% | 0.18x | 2.37x | $-1.54 Billion |
| 2015 | -26.45% | -83.12% | 0.15x | 2.15x | $-2.71 Billion |
| 2016 | -14.79% | -40.36% | 0.17x | 2.16x | $-1.75 Billion |
| 2017 | -5.03% | -11.59% | 0.23x | 1.92x | $-1.08 Billion |
| 2018 | 8.66% | 17.21% | 0.21x | 2.35x | $-97.90 Million |
| 2019 | 8.78% | 16.71% | 0.24x | 2.15x | $-93.60 Million |
| 2020 | -4.94% | -10.54% | 0.19x | 2.44x | $-1.08 Billion |
| 2021 | 4.85% | 13.96% | 0.15x | 2.29x | $-698.84 Million |
| 2022 | 14.23% | 27.11% | 0.27x | 1.94x | $627.70 Million |
| 2023 | 9.27% | 24.04% | 0.20x | 1.95x | $-111.50 Million |
| 2024 | 7.88% | 22.65% | 0.18x | 1.91x | $-329.70 Million |
Industry Comparison
This section compares Santos Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Santos Ltd (STOSF) | $15.71 Billion | -1.70% | 0.90x | $10.85 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |