Seafront Resources Corp
Seafront Resources Corp operates in Oil & Gas Exploration & Production.
Seafront Resources Corp (SPM) - Net Assets
Latest net assets as of June 2023: ₱619.74 Million PHP
Based on the latest financial reports, Seafront Resources Corp (SPM) has net assets worth ₱619.74 Million PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱681.43 Million) and total liabilities (₱61.70 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 | ₱619.74 Million |
| % of Total Assets | 90.95% |
| Annual Growth Rate | 16.59% |
| 5-Year Change | 40.69% |
| 10-Year Change | N/A |
| Growth Volatility | 53.23 |
Seafront Resources Corp - Net Assets Trend (2014–2022)
This chart illustrates how Seafront Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Seafront Resources Corp (2014–2022)
The table below shows the annual net assets of Seafront Resources Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱617.01 Million | +17.00% |
| 2021-12-31 | ₱527.34 Million | -0.91% |
| 2020-12-31 | ₱532.19 Million | -6.15% |
| 2019-12-31 | ₱567.06 Million | +29.30% |
| 2018-12-31 | ₱438.57 Million | -19.06% |
| 2017-12-31 | ₱541.82 Million | +158.74% |
| 2016-12-31 | ₱209.41 Million | +26.49% |
| 2015-12-31 | ₱165.55 Million | -8.40% |
| 2014-12-31 | ₱180.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seafront Resources Corp'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 1117.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱92.49 Million | 14.99% |
| Common Stock | ₱163.00 Million | 26.42% |
| Other Components | ₱361.53 Million | 58.59% |
| Total Equity | ₱617.01 Million | 100.00% |
Seafront Resources Corp Competitors by Market Cap
The table below lists competitors of Seafront Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Max’s Group Inc
PSE:MAXS
|
$340.88 |
|
CB Scientific Inc
PINK:CBSC
|
$341.53 |
|
Draw Distance SA
WAR:DDI
|
$344.22 |
|
ICT Zone Asia Berhad
KLSE:0358
|
$345.06 |
|
El Arabia Engineering Industries
EGX:EEII
|
$340.42 |
|
Keepers Holdings Inc
PSE:KEEPR
|
$340.35 |
|
Megaworld Corp
PSE:MEG
|
$338.66 |
|
BYRRF
PINK:BYRRF
|
$338.65 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seafront Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 527,339,600 to 617,012,840, a change of 89,673,240 (17.0%).
- Net income of 1,211,900 contributed positively to equity growth.
- Other factors increased equity by 88,461,340.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.21 Million | +0.2% |
| Other Changes | ₱88.46 Million | +14.34% |
| Total Change | ₱- | 17.00% |
Book Value vs Market Value Analysis
This analysis compares Seafront Resources Corp'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: 0.53x
- 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 1.56x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱1.28 | ₱2.00 | x |
| 2017-12-31 | ₱3.32 | ₱2.00 | x |
| 2018-12-31 | ₱2.69 | ₱2.00 | x |
| 2019-12-31 | ₱3.48 | ₱2.00 | x |
| 2020-12-31 | ₱3.26 | ₱2.00 | x |
| 2021-12-31 | ₱3.24 | ₱2.00 | x |
| 2022-12-31 | ₱3.79 | ₱2.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seafront Resources Corp 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): 0.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.65%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (0.20%) is below the historical average (1.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.88% | 69.25% | 0.02x | 1.11x | ₱-14.68 Million |
| 2015 | -5.73% | -107.34% | 0.05x | 1.00x | ₱-26.04 Million |
| 2016 | 3.01% | 82.53% | 0.04x | 1.00x | ₱-14.64 Million |
| 2017 | 2.71% | 90.96% | 0.03x | 1.11x | ₱-39.51 Million |
| 2018 | -1.56% | -51.34% | 0.03x | 1.11x | ₱-50.71 Million |
| 2019 | 5.72% | 93.58% | 0.05x | 1.11x | ₱-24.28 Million |
| 2020 | 4.98% | 75.64% | 0.06x | 1.10x | ₱-26.72 Million |
| 2021 | 3.82% | 61.61% | 0.06x | 1.09x | ₱-32.60 Million |
| 2022 | 0.20% | 37.65% | 0.00x | 1.10x | ₱-60.49 Million |
Industry Comparison
This section compares Seafront Resources Corp's net assets metrics with peer companies in the Oil & Gas industry.
Industry Context
- Industry: Oil & Gas
- Average net assets among peers: $15,228,808,620
- Average return on equity (ROE) among peers: -1.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seafront Resources Corp (SPM) | ₱619.74 Million | 1.88% | 0.10x | $340.68 |
| APC Group Inc (APC) | $154.67 Million | -5.44% | 0.68x | $16.27 |
| Basic Energy Corp (BSC) | $681.25 Million | -8.53% | 0.10x | $20.04 |
| Forum Pacific Inc (FPI) | $330.71 Million | -0.70% | 0.01x | $44.81 |
| Oriental Petroleum and Minerals Corp (OPM) | $89.49 Million | 2.48% | 0.03x | $1.93 |
| Philodrill Corp (OV) | $2.98 Billion | -8.47% | 0.03x | $1.52 |
| Petron Corp (PCOR) | $79.77 Billion | -14.27% | 3.38x | $544.62 |
| Pryce Corp (PPC) | $13.44 Billion | 12.97% | 0.57x | $2.40K |
| PXP Energy Corp (PXP) | $643.29 Million | -3.48% | 10.40x | $477.62 |
| Pilipinas Shell Petroleum Corp (SHLPH) | $38.97 Billion | 13.03% | 1.06x | $1.81K |