Viking Supply Ships AB (publ) (VSSAB-B) - Net Assets
Based on the latest financial reports, Viking Supply Ships AB (publ) (VSSAB-B) has net assets worth Skr1.99 Billion SEK (≈ $214.37 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr3.73 Billion ≈ $400.87 Million USD) and total liabilities (Skr1.73 Billion ≈ $186.50 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 VSSAB-B tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr1.99 Billion |
| % of Total Assets | 53.48% |
| Annual Growth Rate | 7.4% |
| 5-Year Change | 8.62% |
| 10-Year Change | 32.05% |
| Growth Volatility | 60.42 |
Viking Supply Ships AB (publ) - Net Assets Trend (2003–2025)
This chart illustrates how Viking Supply Ships AB (publ)'s net assets have evolved over time, based on quarterly financial data. See Viking Supply Ships AB (publ) defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Viking Supply Ships AB (publ) (2003–2025)
The table below shows the annual net assets of Viking Supply Ships AB (publ) from 2003 to 2025. For live valuation and market cap data, see VSSAB-B market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr1.90 Billion ≈ $204.58 Million |
-12.40% |
| 2024-12-31 | Skr2.17 Billion ≈ $233.53 Million |
+15.08% |
| 2023-12-31 | Skr1.89 Billion ≈ $202.92 Million |
-6.42% |
| 2022-12-31 | Skr2.02 Billion ≈ $216.85 Million |
+15.13% |
| 2021-12-31 | Skr1.75 Billion ≈ $188.35 Million |
+8.86% |
| 2020-12-31 | Skr1.61 Billion ≈ $173.02 Million |
-20.95% |
| 2019-12-31 | Skr2.03 Billion ≈ $218.88 Million |
-31.48% |
| 2018-12-31 | Skr2.97 Billion ≈ $319.42 Million |
+205.55% |
| 2017-12-31 | Skr971.41 Million ≈ $104.54 Million |
-32.52% |
| 2016-12-31 | Skr1.44 Billion ≈ $154.92 Million |
+3.87% |
| 2015-12-31 | Skr1.39 Billion ≈ $149.15 Million |
-32.12% |
| 2014-12-31 | Skr2.04 Billion ≈ $219.74 Million |
+16.73% |
| 2013-12-31 | Skr1.75 Billion ≈ $188.24 Million |
-16.81% |
| 2012-12-31 | Skr2.10 Billion ≈ $226.27 Million |
-15.66% |
| 2011-12-31 | Skr2.49 Billion ≈ $268.27 Million |
+4.02% |
| 2010-12-31 | Skr2.40 Billion ≈ $257.90 Million |
+104.04% |
| 2009-12-31 | Skr1.17 Billion ≈ $126.40 Million |
-17.32% |
| 2008-12-31 | Skr1.42 Billion ≈ $152.88 Million |
+16.69% |
| 2007-12-31 | Skr1.22 Billion ≈ $131.02 Million |
+12.22% |
| 2006-12-31 | Skr1.08 Billion ≈ $116.76 Million |
-8.80% |
| 2005-12-31 | Skr1.19 Billion ≈ $128.02 Million |
+167.36% |
| 2004-12-31 | Skr444.95 Million ≈ $47.88 Million |
+12.56% |
| 2003-12-31 | Skr395.28 Million ≈ $42.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Viking Supply Ships AB (publ)'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 38894800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr388.95 Million | 20.46% |
| Common Stock | Skr419.00 Million | 22.04% |
| Other Components | Skr1.09 Billion | 57.50% |
| Total Equity | Skr1.90 Billion | 100.00% |
Viking Supply Ships AB (publ) Competitors by Market Cap
The table below lists competitors of Viking Supply Ships AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ES Cube Co. Ltd
KQ:050120
|
$167.45 Million |
|
Burcelik Vana Sanayi ve Ticaret AS
IS:BURVA
|
$167.53 Million |
|
BLE KEDROS REIC EO 1
F:N67
|
$167.59 Million |
|
Agung Podomoro Land Tbk
JK:APLN
|
$167.59 Million |
|
Nice Information & Telecommunication Inc
KQ:036800
|
$167.25 Million |
|
GPT Infraprojects Limited
NSE:GPTINFRA
|
$167.20 Million |
|
Banque nationale de Belgique Société anonyme
BR:BNB
|
$167.20 Million |
|
Simmtech Holdings Co. Ltd
KQ:036710
|
$167.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viking Supply Ships AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,170,000,000 to 1,901,000,000, a change of -269,000,000 (-12.4%).
- Net income of 55,000,000 contributed positively to equity growth.
- Share repurchases of 67,543,000 reduced equity.
- Other comprehensive income decreased equity by 258,757,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr55.00 Million | +2.89% |
| Share Repurchases | Skr67.54 Million | -3.55% |
| Other Comprehensive Income | Skr-258.76 Million | -13.61% |
| Other Changes | Skr2.30 Million | +0.12% |
| Total Change | Skr- | -12.40% |
Book Value vs Market Value Analysis
This analysis compares Viking Supply Ships AB (publ)'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: 0.86x
- 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 increased from 0.12x to 0.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | Skr1047.66 | Skr124.00 | x |
| 2004-12-31 | Skr1189.03 | Skr124.00 | x |
| 2005-12-31 | Skr1781.02 | Skr124.00 | x |
| 2006-12-31 | Skr1790.10 | Skr124.00 | x |
| 2007-12-31 | Skr2140.44 | Skr124.00 | x |
| 2008-12-31 | Skr2536.29 | Skr124.00 | x |
| 2009-12-31 | Skr2109.63 | Skr124.00 | x |
| 2010-12-31 | Skr3425.84 | Skr124.00 | x |
| 2011-12-31 | Skr2194.21 | Skr124.00 | x |
| 2012-12-31 | Skr1105.92 | Skr124.00 | x |
| 2013-12-31 | Skr1001.16 | Skr124.00 | x |
| 2014-12-31 | Skr808.23 | Skr124.00 | x |
| 2015-12-31 | Skr509.53 | Skr124.00 | x |
| 2016-12-31 | Skr544.11 | Skr124.00 | x |
| 2017-12-31 | Skr127.57 | Skr124.00 | x |
| 2018-12-31 | Skr299.26 | Skr124.00 | x |
| 2019-12-31 | Skr200.65 | Skr124.00 | x |
| 2020-12-31 | Skr158.61 | Skr124.00 | x |
| 2021-12-31 | Skr176.76 | Skr124.00 | x |
| 2022-12-31 | Skr156.47 | Skr124.00 | x |
| 2023-12-31 | Skr144.61 | Skr124.00 | x |
| 2024-12-31 | Skr164.89 | Skr124.00 | x |
| 2025-12-31 | Skr144.45 | Skr124.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viking Supply Ships AB (publ) 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): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.95%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.56x
- Recent ROE (2.89%) is above the historical average (1.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 30.78% | 6.40% | 0.94x | 5.11x | Skr79.76 Million |
| 2004 | 12.07% | 2.68% | 1.10x | 4.11x | Skr9.16 Million |
| 2005 | 29.08% | 13.45% | 0.81x | 2.66x | Skr206.02 Million |
| 2006 | 17.76% | 8.36% | 0.82x | 2.59x | Skr82.26 Million |
| 2007 | 15.60% | 0.74% | 8.10x | 2.62x | Skr66.73 Million |
| 2008 | 19.11% | 12.54% | 0.63x | 2.41x | Skr126.80 Million |
| 2009 | -19.21% | -9.70% | 0.72x | 2.75x | Skr-336.71 Million |
| 2010 | 24.61% | 24.45% | 0.47x | 2.16x | Skr347.48 Million |
| 2011 | -17.53% | -14.54% | 0.48x | 2.53x | Skr-682.39 Million |
| 2012 | -18.73% | -11.96% | 0.57x | 2.75x | Skr-600.74 Million |
| 2013 | -20.24% | -12.07% | 0.60x | 2.80x | Skr-527.43 Million |
| 2014 | 9.79% | 6.26% | 0.61x | 2.58x | Skr-4.37 Million |
| 2015 | -31.73% | -22.25% | 0.48x | 2.97x | Skr-578.41 Million |
| 2016 | -28.24% | -53.47% | 0.21x | 2.57x | Skr-550.44 Million |
| 2017 | -34.20% | -100.22% | 0.11x | 2.97x | Skr-429.39 Million |
| 2018 | 59.00% | 583.13% | 0.07x | 1.43x | Skr1.45 Billion |
| 2019 | 2.54% | 10.24% | 0.24x | 1.05x | Skr-151.78 Million |
| 2020 | -11.88% | -66.82% | 0.17x | 1.05x | Skr-351.85 Million |
| 2021 | -6.74% | -37.85% | 0.17x | 1.06x | Skr-292.92 Million |
| 2022 | 0.40% | 1.38% | 0.27x | 1.06x | Skr-193.54 Million |
| 2023 | -4.69% | -14.56% | 0.22x | 1.48x | Skr-276.95 Million |
| 2024 | 5.12% | 16.35% | 0.23x | 1.38x | Skr-106.00 Million |
| 2025 | 2.89% | 5.95% | 0.31x | 1.56x | Skr-135.10 Million |
Industry Comparison
This section compares Viking Supply Ships AB (publ)'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,859,997,500
- Average return on equity (ROE) among peers: 14.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viking Supply Ships AB (publ) (VSSAB-B) | Skr1.99 Billion | 30.78% | 0.87x | $167.25 Million |
| Gotland Rederi AB Series A (GOTL-A) | $899.45 Million | 24.09% | 0.85x | $53.03 Million |
| Gotland Rederi AB Series B (GOTL-B) | $4.82 Billion | 5.74% | 0.19x | $20.15 Million |
About Viking Supply Ships AB (publ)
Viking Supply Ships AB (publ) provides offshore anchor handling and ice-breaking services to oil industry primarily in the Arctic and North Sea. The company offers ice-classed Anchor Handling Tug Supply (AHTS), which performs icebreaking and tasks in the offshore industry, such as repositioning of rigs and anchor handling. It operates through a fleet of 7 vessels. The company operates in Sweden, … Read more