Santierul Naval Orsova SA (SNO) - Net Assets
Based on the latest financial reports, Santierul Naval Orsova SA (SNO) has net assets worth RON94.67 Million RON (≈ $21.74 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RON127.57 Million ≈ $29.29 Million USD) and total liabilities (RON32.90 Million ≈ $7.55 Million USD). 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. Check asset resilience ratio of Santierul Naval Orsova SA to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RON94.67 Million |
| % of Total Assets | 74.21% |
| Annual Growth Rate | -0.19% |
| 5-Year Change | 6.65% |
| 10-Year Change | N/A |
| Growth Volatility | 7.86 |
Santierul Naval Orsova SA - Net Assets Trend (2019–2025)
This chart illustrates how Santierul Naval Orsova SA's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Santierul Naval Orsova SA for the complete picture of this company's asset base.
Annual Net Assets for Santierul Naval Orsova SA (2019–2025)
The table below shows the annual net assets of Santierul Naval Orsova SA from 2019 to 2025. For live valuation and market cap data, see Santierul Naval Orsova SA market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | RON94.67 Million ≈ $21.74 Million |
+7.89% |
| 2024-09-30 | RON87.74 Million ≈ $20.15 Million |
+7.75% |
| 2023-09-30 | RON81.43 Million ≈ $18.70 Million |
+4.42% |
| 2022-09-30 | RON77.98 Million ≈ $17.91 Million |
-12.15% |
| 2021-09-30 | RON88.77 Million ≈ $20.38 Million |
-8.84% |
| 2020-09-30 | RON97.37 Million ≈ $22.36 Million |
+1.69% |
| 2019-09-30 | RON95.76 Million ≈ $21.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Santierul Naval Orsova SA'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 0.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RON10.60 Million | 11.19% |
| Other Components | RON84.07 Million | 88.81% |
| Total Equity | RON94.67 Million | 100.00% |
Santierul Naval Orsova SA Competitors by Market Cap
The table below lists competitors of Santierul Naval Orsova SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKB Shutters Corporation Bhd
KLSE:7115
|
$42.24 Million |
|
Bukit Darmo Property Tbk
JK:BKDP
|
$42.27 Million |
|
Azion Corporation
TWO:6148
|
$42.29 Million |
|
Medico Remedies Limited
NSE:MEDICO
|
$42.29 Million |
|
Biokarpet S.A.
AT:BIOKA
|
$42.22 Million |
|
Vertoz Advertising Limited
NSE:VERTOZ
|
$42.22 Million |
|
Woori SPAC 3
KQ:198440
|
$42.21 Million |
|
CTK Co. Ltd
KQ:260930
|
$42.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Santierul Naval Orsova SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 87,742,403 to 94,669,256, a change of 6,926,853 (7.9%).
- Net income of 8,762,422 contributed positively to equity growth.
- Dividend payments of 5,943,924 reduced retained earnings.
- Other factors increased equity by 4,108,355.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RON8.76 Million | +9.26% |
| Dividends Paid | RON5.94 Million | -6.28% |
| Other Changes | RON4.11 Million | +4.34% |
| Total Change | RON- | 7.89% |
Book Value vs Market Value Analysis
This analysis compares Santierul Naval Orsova SA'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: 1.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | RON8.38 | RON16.10 | x |
| 2020-09-30 | RON8.52 | RON16.10 | x |
| 2021-09-30 | RON7.77 | RON16.10 | x |
| 2022-09-30 | RON6.83 | RON16.10 | x |
| 2023-09-30 | RON7.13 | RON16.10 | x |
| 2024-09-30 | RON7.68 | RON16.10 | x |
| 2025-09-30 | RON8.29 | RON16.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Santierul Naval Orsova SA 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): 9.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.66%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.35x
- Recent ROE (9.26%) is above the historical average (3.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.35% | 5.20% | 0.57x | 1.12x | RON-6.37 Million |
| 2020 | 4.78% | 6.71% | 0.62x | 1.14x | RON-5.08 Million |
| 2021 | -0.17% | -0.21% | 0.70x | 1.17x | RON-9.03 Million |
| 2022 | -5.41% | -7.53% | 0.53x | 1.36x | RON-12.01 Million |
| 2023 | 4.24% | 3.61% | 0.96x | 1.23x | RON-4.69 Million |
| 2024 | 6.77% | 6.58% | 0.80x | 1.28x | RON-2.84 Million |
| 2025 | 9.26% | 7.66% | 0.90x | 1.35x | RON-704.50K |
Industry Comparison
This section compares Santierul Naval Orsova SA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $264,851,640
- Average return on equity (ROE) among peers: 13.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Santierul Naval Orsova SA (SNO) | RON94.67 Million | 3.35% | 0.35x | $42.23 Million |
| Aerostar Bacau (ARS) | $421.39 Million | 14.22% | 0.48x | $437.07 Million |
| TURBOMECANICA S.A. (TBM) | $108.32 Million | 12.32% | 0.44x | $23.33 Million |
About Santierul Naval Orsova SA
Santierul Naval Orsova S.A. engages in the construction of river ships and floating structures in Romania. The company produces chemical tankers, container ships, gas tankers, salanda vessels, push-combination vessels, river and sea pontoons, barges, self-propelled barges, mixed barges, ro-ro barges, and ferry boats for people, cars and trucks. It is also involved in renting ships; and logistics … Read more