Ultrapetrol Bahamas Ltd
Ultrapetrol (Bahamas) Limited does not have significant operations. Previously, it was engaged in the provision of marine transportation services. The company was founded in 1992 and is headquartered in Nassau, Bahamas. Ultrapetrol (Bahamas) Limited operates as a subsidiary of Sparrow Capital Investments Ltd.
Ultrapetrol Bahamas Ltd (ULTRF) - Net Assets
Latest net assets as of September 2016: $235.54 Million USD
Based on the latest financial reports, Ultrapetrol Bahamas Ltd (ULTRF) has net assets worth $235.54 Million USD as of September 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($804.01 Million) and total liabilities ($568.47 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 | $235.54 Million |
| % of Total Assets | 29.3% |
| Annual Growth Rate | 20.42% |
| 5-Year Change | 23.76% |
| 10-Year Change | 69.63% |
| Growth Volatility | 76.17 |
Ultrapetrol Bahamas Ltd - Net Assets Trend (2004–2015)
This chart illustrates how Ultrapetrol Bahamas 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 Ultrapetrol Bahamas Ltd (2004–2015)
The table below shows the annual net assets of Ultrapetrol Bahamas Ltd from 2004 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-12-31 | $309.61 Million | -12.96% |
| 2014-12-31 | $355.72 Million | -12.29% |
| 2013-12-31 | $405.56 Million | -0.23% |
| 2012-12-31 | $406.50 Million | +62.49% |
| 2011-12-31 | $250.17 Million | -6.93% |
| 2010-12-31 | $268.79 Million | -6.86% |
| 2009-12-31 | $288.58 Million | -23.42% |
| 2008-12-31 | $376.86 Million | +46.70% |
| 2007-12-31 | $256.88 Million | +40.74% |
| 2006-12-31 | $182.52 Million | +258.93% |
| 2005-12-31 | $50.85 Million | +26.72% |
| 2004-12-31 | $40.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ultrapetrol Bahamas 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 decreased by 16338800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
- The company has 6.3% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (December 2015)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.45 Million | 0.47% |
| Treasury Stock | $19.49 Million | 6.29% |
| Other Comprehensive Income | $473.85 Million | 153.05% |
| Other Components | $17.19 Million | 5.55% |
| Total Equity | $309.61 Million | 100.00% |
Ultrapetrol Bahamas Ltd Competitors by Market Cap
The table below lists competitors of Ultrapetrol Bahamas Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
East Star Resources PLC
LSE:EST
|
$2.14K |
|
Bank Makramah
KAR:BML
|
$2.14K |
|
Trans Asia Hotels PLC
CM:TRANN0000
|
$2.14K |
|
Pan Asia Banking Corporation PLC
CM:PABCN0000
|
$2.14K |
|
ZENERGY B AB
F:8T4
|
$2.14K |
|
TCSA3F
SA:TCSA3F
|
$2.14K |
|
Standard Chartered Bank Pakistan Ltd
KAR:SCBPL
|
$2.13K |
|
ELLIPTIC LABORATOR.NK001
F:EIP
|
$2.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultrapetrol Bahamas Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 355,722,000 to 309,614,000, a change of -46,108,000 (-13.0%).
- Net loss of 48,004,000 reduced equity.
- Other comprehensive income increased equity by 473,851,000.
- Other factors decreased equity by 471,955,000.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-48.00 Million | -15.5% |
| Other Comprehensive Income | $473.85 Million | +153.05% |
| Other Changes | $-471.95 Million | -152.43% |
| Total Change | $- | -12.96% |
Book Value vs Market Value Analysis
This analysis compares Ultrapetrol Bahamas 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $2.20 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultrapetrol Bahamas 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): -15.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.82%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.74x
- Recent ROE (-15.50%) is below the historical average (3.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 17.78% | 5.40% | 0.35x | 9.47x | $2.25 Million |
| 2005 | 33.51% | 11.62% | 0.45x | 6.39x | $10.22 Million |
| 2006 | 5.87% | 6.07% | 0.41x | 2.38x | $-7.42 Million |
| 2007 | 1.75% | 2.00% | 0.36x | 2.46x | $-20.87 Million |
| 2008 | 12.78% | 15.65% | 0.37x | 2.22x | $10.33 Million |
| 2012 | -15.92% | -20.33% | 0.31x | 2.53x | $-103.63 Million |
| 2013 | 1.82% | 1.79% | 0.42x | 2.42x | $-33.19 Million |
| 2014 | -14.70% | -14.37% | 0.41x | 2.52x | $-87.85 Million |
| 2015 | -15.50% | -13.82% | 0.41x | 2.74x | $-78.97 Million |
Industry Comparison
This section compares Ultrapetrol Bahamas Ltd'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 |
|---|---|---|---|---|
| Ultrapetrol Bahamas Ltd (ULTRF) | $235.54 Million | 17.78% | 2.41x | $2.14K |
| 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 |