Harbor Star Shipping Services Inc
Harbor Star Shipping Services Inc operates in Highways & Railtracks.
Harbor Star Shipping Services Inc (TUGS) - Net Assets
Latest net assets as of June 2023: ₱1.95 Billion PHP
Based on the latest financial reports, Harbor Star Shipping Services Inc (TUGS) has net assets worth ₱1.95 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱6.97 Billion) and total liabilities (₱5.02 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 | ₱1.95 Billion |
| % of Total Assets | 27.97% |
| Annual Growth Rate | 2.78% |
| 5-Year Change | 5.03% |
| 10-Year Change | N/A |
| Growth Volatility | 18.37 |
Harbor Star Shipping Services Inc - Net Assets Trend (2015–2022)
This chart illustrates how Harbor Star Shipping Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harbor Star Shipping Services Inc (2015–2022)
The table below shows the annual net assets of Harbor Star Shipping Services Inc from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱1.74 Billion | +40.70% |
| 2021-12-31 | ₱1.24 Billion | +7.69% |
| 2020-12-31 | ₱1.15 Billion | -7.78% |
| 2019-12-31 | ₱1.25 Billion | -24.83% |
| 2018-12-31 | ₱1.66 Billion | +0.64% |
| 2017-12-31 | ₱1.65 Billion | +6.11% |
| 2016-12-31 | ₱1.55 Billion | +8.04% |
| 2015-12-31 | ₱1.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harbor Star Shipping Services Inc'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 101.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₱907.86 Million | 52.10% |
| Other Components | ₱842.22 Million | 48.34% |
| Total Equity | ₱1.74 Billion | 100.00% |
Harbor Star Shipping Services Inc Competitors by Market Cap
The table below lists competitors of Harbor Star Shipping Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ALUMINIUM EXTRUSION IND. PLC
XNSA:ALEX
|
$74.43 |
|
Empresa Distribuidora Electrica Regional SA
BA:EMDE
|
$75.13 |
|
Valdor Technology International Inc.
BE:VZAB
|
$75.21 |
|
Infinite Group, Inc. Common Stock
NASDAQ:IMCI
|
$75.36 |
|
Egyptian Gulf Bank
EGX:EGBE
|
$74.10 |
|
Metro Alliance Holdings & Equities Corp
PSE:MAH
|
$74.03 |
|
Albion Technology & General VCT PLC
LSE:AATG
|
$73.82 |
|
ReoStar Energy Corp
PINK:REOS
|
$73.39 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbor Star Shipping Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,238,389,660 to 1,742,384,780, a change of 503,995,120 (40.7%).
- Net income of 2,047,030 contributed positively to equity growth.
- Other factors increased equity by 501,948,090.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱2.05 Million | +0.12% |
| Other Changes | ₱501.95 Million | +28.81% |
| Total Change | ₱- | 40.70% |
Book Value vs Market Value Analysis
This analysis compares Harbor Star Shipping Services Inc'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: 0.25x
- 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 | ₱1.71 | ₱0.48 | x |
| 2017-12-31 | ₱1.82 | ₱0.48 | x |
| 2018-12-31 | ₱1.84 | ₱0.48 | x |
| 2019-12-31 | ₱1.39 | ₱0.48 | x |
| 2020-12-31 | ₱1.29 | ₱0.48 | x |
| 2021-12-31 | ₱1.38 | ₱0.48 | x |
| 2022-12-31 | ₱1.95 | ₱0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbor Star Shipping Services Inc 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): 0.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.08%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.93x
- Recent ROE (0.12%) is above the historical average (-3.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.29% | 7.31% | 0.40x | 1.82x | ₱-67.71 Million |
| 2016 | 6.90% | 7.88% | 0.49x | 1.77x | ₱-48.15 Million |
| 2017 | 6.24% | 7.75% | 0.36x | 2.23x | ₱-61.98 Million |
| 2018 | 5.98% | 6.91% | 0.28x | 3.07x | ₱-66.66 Million |
| 2019 | -29.69% | -26.52% | 0.23x | 4.93x | ₱-494.90 Million |
| 2020 | -8.63% | -5.90% | 0.28x | 5.14x | ₱-214.23 Million |
| 2021 | -13.46% | -8.73% | 0.31x | 5.01x | ₱-290.47 Million |
| 2022 | 0.12% | 0.08% | 0.39x | 3.93x | ₱-172.19 Million |
Industry Comparison
This section compares Harbor Star Shipping Services Inc's net assets metrics with peer companies in the Transport Infrastructure industry.
Industry Context
- Industry: Transport Infrastructure
- Average net assets among peers: $7,283,890,620
- Average return on equity (ROE) among peers: -7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbor Star Shipping Services Inc (TUGS) | ₱1.95 Billion | 5.29% | 2.58x | $74.35 |
| Asian Terminals Inc (ATI) | $9.99 Billion | 19.00% | 0.99x | $4.67K |
| MacroAsia Corp (MAC) | $4.57 Billion | -34.70% | 1.27x | $744.84 |