Western Bulk Chartering AS
Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. It engages in chartering and operating dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal, and other products; and operation of chartered-in fleet of 120 vessels, including time charter trip vessels and period vessels. The c… Read more
Western Bulk Chartering AS (WSSTF) - Net Assets
Latest net assets as of June 2025: $47.67 Million USD
Based on the latest financial reports, Western Bulk Chartering AS (WSSTF) has net assets worth $47.67 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($104.67 Million) and total liabilities ($57.00 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 | $47.67 Million |
| % of Total Assets | 45.55% |
| Annual Growth Rate | -3.79% |
| 5-Year Change | 151.1% |
| 10-Year Change | 5.51% |
| Growth Volatility | 59.95 |
Western Bulk Chartering AS - Net Assets Trend (2014–2024)
This chart illustrates how Western Bulk Chartering AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Western Bulk Chartering AS (2014–2024)
The table below shows the annual net assets of Western Bulk Chartering AS from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $49.74 Million | -5.24% |
| 2023-12-31 | $52.48 Million | -22.94% |
| 2022-12-31 | $68.10 Million | +33.21% |
| 2021-12-31 | $51.13 Million | +158.13% |
| 2020-12-31 | $19.81 Million | +23.93% |
| 2019-12-31 | $15.98 Million | -33.68% |
| 2018-12-31 | $24.10 Million | +19.38% |
| 2017-12-31 | $20.19 Million | +46.81% |
| 2016-12-31 | $13.75 Million | -70.83% |
| 2015-12-31 | $47.14 Million | -35.60% |
| 2014-12-31 | $73.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Bulk Chartering AS'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 20.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $37.26 Million | 74.92% |
| Common Stock | $205.00K | 0.41% |
| Other Components | $12.27 Million | 24.66% |
| Total Equity | $49.74 Million | 100.00% |
Western Bulk Chartering AS Competitors by Market Cap
The table below lists competitors of Western Bulk Chartering AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cubtek Inc.
TWO:2252
|
$10.46 Million |
|
IMAGIS Co. Ltd
KQ:115610
|
$10.46 Million |
|
BALAXI PHARMACEUTICALS LIMITED
NSE:BALAXI
|
$10.46 Million |
|
DistIT AB (publ)
ST:DIST
|
$10.46 Million |
|
Hemostemix Inc
OTCQB:HMTXF
|
$10.45 Million |
|
Bittnet Systems SA
RO:BNET
|
$10.44 Million |
|
Republic Power Group Limited Class A Ordinary Shares
NASDAQ:RPGL
|
$10.44 Million |
|
Berkem Group SA
PA:ALKEM
|
$10.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Bulk Chartering AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,484,000 to 49,736,000, a change of -2,748,000 (-5.2%).
- Net loss of 2,748,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.75 Million | -5.53% |
| Total Change | $- | -5.24% |
Book Value vs Market Value Analysis
This analysis compares Western Bulk Chartering AS'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: 0.92x
- 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 |
|---|---|---|---|
| 2016-12-31 | $1.44 | $1.36 | x |
| 2017-12-31 | $1.43 | $1.36 | x |
| 2018-12-31 | $0.73 | $1.36 | x |
| 2019-12-31 | $0.92 | $1.36 | x |
| 2020-12-31 | $0.70 | $1.36 | x |
| 2021-12-31 | $1.52 | $1.36 | x |
| 2022-12-31 | $2.03 | $1.36 | x |
| 2023-12-31 | $1.56 | $1.36 | x |
| 2024-12-31 | $1.48 | $1.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Bulk Chartering AS 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): -5.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.22%
- • Asset Turnover: 10.80x
- • Equity Multiplier: 2.36x
- Recent ROE (-5.53%) is above the historical average (-23.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -1.56% | -0.08% | 6.46x | 2.96x | $-7.73 Million |
| 2015 | -31.10% | -1.62% | 7.69x | 2.49x | $-19.38 Million |
| 2016 | -262.44% | -5.85% | 6.25x | 7.17x | $-37.46 Million |
| 2017 | 21.50% | 0.52% | 8.24x | 5.02x | $2.32 Million |
| 2018 | 17.41% | 0.39% | 9.19x | 4.83x | $1.79 Million |
| 2019 | -237.57% | -3.57% | 9.00x | 7.39x | $-39.57 Million |
| 2020 | 16.17% | 0.41% | 9.81x | 4.01x | $1.22 Million |
| 2021 | 158.48% | 5.45% | 7.57x | 3.85x | $75.91 Million |
| 2022 | 96.88% | 4.08% | 9.94x | 2.39x | $59.17 Million |
| 2023 | -29.76% | -1.40% | 9.33x | 2.28x | $-20.87 Million |
| 2024 | -5.53% | -0.22% | 10.80x | 2.36x | $-7.72 Million |
Industry Comparison
This section compares Western Bulk Chartering AS'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 |
|---|---|---|---|---|
| Western Bulk Chartering AS (WSSTF) | $47.67 Million | -1.56% | 1.20x | $10.46 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 |