COSCO Shipping Energy Transportation Co Ltd (600026) - Net Assets
Based on the latest financial reports, COSCO Shipping Energy Transportation Co Ltd (600026) has net assets worth CN¥39.80 Billion CNY as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥84.41 Billion) and total liabilities (CN¥44.60 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 | CN¥39.80 Billion |
| % of Total Assets | 47.16% |
| Annual Growth Rate | 2.02% |
| 5-Year Change | 9.5% |
| 10-Year Change | N/A |
| Growth Volatility | 11.7 |
COSCO Shipping Energy Transportation Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how COSCO Shipping Energy Transportation Co 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 COSCO Shipping Energy Transportation Co Ltd (2015–2024)
The table below shows the annual net assets of COSCO Shipping Energy Transportation Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥38.99 Billion | +5.07% |
| 2023-12-31 | CN¥37.10 Billion | +10.52% |
| 2022-12-31 | CN¥33.57 Billion | +12.19% |
| 2021-12-31 | CN¥29.92 Billion | -15.95% |
| 2020-12-31 | CN¥35.60 Billion | +22.06% |
| 2019-12-31 | CN¥29.17 Billion | -0.36% |
| 2018-12-31 | CN¥29.27 Billion | +3.57% |
| 2017-12-31 | CN¥28.26 Billion | +3.06% |
| 2016-12-31 | CN¥27.42 Billion | -15.80% |
| 2015-12-31 | CN¥32.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to COSCO Shipping Energy Transportation Co 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 grown by 8.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.11 Billion | 42.12% |
| Other Components | CN¥20.76 Billion | 57.88% |
| Total Equity | CN¥35.87 Billion | 100.00% |
COSCO Shipping Energy Transportation Co Ltd Competitors by Market Cap
The table below lists competitors of COSCO Shipping Energy Transportation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jeronimo Martins SGPS SA
LS:JMT
|
$13.41 Billion |
|
Wilmar International Limited
F:RTHA
|
$13.42 Billion |
|
Galp Energia SGPS S.A.
LS:GALP
|
$13.45 Billion |
|
Pilbara Minerals Ltd
AU:PLS
|
$13.46 Billion |
|
Hasbro Inc
NASDAQ:HAS
|
$13.38 Billion |
|
Sumitomo Realty & Development Co. Ltd
F:RL2
|
$13.38 Billion |
|
LIFCO AB B
F:1L30
|
$13.36 Billion |
|
Clorox Co.
LSE:0I0J
|
$13.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in COSCO Shipping Energy Transportation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,391,504,000 to 35,866,909,000, a change of 1,475,405,000 (4.3%).
- Net income of 4,038,089,000 contributed positively to equity growth.
- Dividend payments of 2,719,343,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.04 Billion | +11.26% |
| Dividends Paid | CN¥2.72 Billion | -7.58% |
| Other Changes | CN¥156.66 Million | +0.44% |
| Total Change | CN¥- | 4.29% |
Book Value vs Market Value Analysis
This analysis compares COSCO Shipping Energy Transportation Co 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: 2.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.17x to 2.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥6.92 | CN¥21.95 | x |
| 2018-12-31 | CN¥6.99 | CN¥21.95 | x |
| 2019-12-31 | CN¥6.98 | CN¥21.95 | x |
| 2020-12-31 | CN¥7.27 | CN¥21.95 | x |
| 2021-12-31 | CN¥6.00 | CN¥21.95 | x |
| 2022-12-31 | CN¥6.62 | CN¥21.95 | x |
| 2023-12-31 | CN¥7.21 | CN¥21.95 | x |
| 2024-12-31 | CN¥7.52 | CN¥21.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently COSCO Shipping Energy Transportation Co 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): 11.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.46%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.26x
- Recent ROE (11.26%) 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 | 3.64% | 6.56% | 0.21x | 2.70x | CN¥-2.02 Billion |
| 2016 | 7.01% | 14.78% | 0.22x | 2.12x | CN¥-818.80 Million |
| 2017 | 6.33% | 18.10% | 0.16x | 2.16x | CN¥-1.03 Billion |
| 2018 | 0.37% | 0.86% | 0.19x | 2.25x | CN¥-2.71 Billion |
| 2019 | 1.53% | 3.11% | 0.21x | 2.34x | CN¥-2.38 Billion |
| 2020 | 6.85% | 14.48% | 0.25x | 1.91x | CN¥-1.09 Billion |
| 2021 | -17.40% | -39.18% | 0.21x | 2.08x | CN¥-7.83 Billion |
| 2022 | 4.63% | 7.87% | 0.27x | 2.16x | CN¥-1.70 Billion |
| 2023 | 9.83% | 14.98% | 0.31x | 2.10x | CN¥-59.95 Million |
| 2024 | 11.26% | 17.46% | 0.29x | 2.26x | CN¥451.40 Million |
Industry Comparison
This section compares COSCO Shipping Energy Transportation Co Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $5,197,888,541
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COSCO Shipping Energy Transportation Co Ltd (600026) | CN¥39.80 Billion | 3.64% | 1.12x | $13.39 Billion |
| Senton Energy Co. Ltd. A (001331) | $1.59 Billion | 10.85% | 0.09x | $2.10 Billion |
| Shaanxi Provincial Natural Gas Co Ltd (002267) | $6.64 Billion | 6.35% | 0.96x | $1.24 Billion |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $1.37 Billion | 7.37% | 0.26x | $439.74 Million |
| Shanxi Guoxin Energy Co Ltd A (600617) | $4.75 Billion | -7.15% | 4.67x | $828.82 Million |
| China Merchants Energy Shipping Co Ltd (601872) | $20.33 Billion | 5.74% | 1.46x | $21.92 Billion |
| Nanjing Tanker Corp (601975) | $2.49 Billion | 25.20% | 2.19x | $2.96 Billion |
| Anhui Province Natural Gas Development Co Ltd (603689) | $2.27 Billion | 7.78% | 0.39x | $623.49 Million |
| Jiangxi Jovo Energy Co. Ltd (605090) | $2.15 Billion | 17.04% | 0.61x | $4.31 Billion |
About COSCO Shipping Energy Transportation Co Ltd
COSCO SHIPPING Energy Transportation Co., Ltd., an investment holding company, engages in the transportation of oil and liquefied natural gas (LNG) in People's Republic of China and internationally. It also engages in the chartering of vessels; shipment of liquefied petroleum gas; and provision of shipping agency services. As of December 31, 2024, the company owned 159 oil tankers with a total ca… Read more