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 Skr1.91 Billion SEK (≈ $205.87 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr2.99 Billion ≈ $321.56 Million USD) and total liabilities (Skr1.07 Billion ≈ $115.69 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 Viking Supply Ships AB (publ) (VSSAB-B) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr1.91 Billion |
| % of Total Assets | 64.02% |
| Annual Growth Rate | 8.45% |
| 5-Year Change | 34.97% |
| 10-Year Change | 56.57% |
| Growth Volatility | 61.47 |
Viking Supply Ships AB (publ) - Net Assets Trend (2003–2024)
This chart illustrates how Viking Supply Ships AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore Viking Supply Ships AB (publ) (VSSAB-B) total assets for the complete picture of this company's asset base.
Annual Net Assets for Viking Supply Ships AB (publ) (2003–2024)
The table below shows the annual net assets of Viking Supply Ships AB (publ) from 2003 to 2024. For live valuation and market cap data, see VSSAB-B market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 33665200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr336.65 Million | 15.51% |
| Common Stock | Skr419.00 Million | 19.31% |
| Other Comprehensive Income | Skr258.76 Million | 11.92% |
| Other Components | Skr1.16 Billion | 53.25% |
| Total Equity | Skr2.17 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 |
|---|---|
|
Heungkuk F&M I
KO:000540
|
$192.21 Million |
|
Ilshin Spinnin
KO:003200
|
$192.22 Million |
|
Pioneer Municipal High Income Opportunities Fund Inc
NYSE:MIO
|
$192.24 Million |
|
FB Bancorp, Inc. Common Stock
NASDAQ:FBLA
|
$192.29 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$192.00 Million |
|
Sailfish Royalty Corp
V:FISH
|
$191.96 Million |
|
Zinus Inc
KO:013890
|
$191.83 Million |
|
Acrow Ltd
AU:ACF
|
$191.79 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 2023 to 2024, total equity changed from 1,885,628,000 to 2,170,000,000, a change of 284,372,000 (15.1%).
- Net income of 111,000,000 contributed positively to equity growth.
- Share repurchases of 60,773,000 reduced equity.
- Other comprehensive income increased equity by 169,150,999.
- Other factors increased equity by 64,994,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr111.00 Million | +5.12% |
| Share Repurchases | Skr60.77 Million | -2.8% |
| Other Comprehensive Income | Skr169.15 Million | +7.79% |
| Other Changes | Skr64.99 Million | +3.0% |
| Total Change | Skr- | 15.08% |
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 0.14x 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 | Skr142.50 | x |
| 2004-12-31 | Skr1189.03 | Skr142.50 | x |
| 2005-12-31 | Skr1781.02 | Skr142.50 | x |
| 2006-12-31 | Skr1790.10 | Skr142.50 | x |
| 2007-12-31 | Skr2140.44 | Skr142.50 | x |
| 2008-12-31 | Skr2536.29 | Skr142.50 | x |
| 2009-12-31 | Skr2109.63 | Skr142.50 | x |
| 2010-12-31 | Skr3425.84 | Skr142.50 | x |
| 2011-12-31 | Skr2194.21 | Skr142.50 | x |
| 2012-12-31 | Skr1105.92 | Skr142.50 | x |
| 2013-12-31 | Skr1001.16 | Skr142.50 | x |
| 2014-12-31 | Skr808.23 | Skr142.50 | x |
| 2015-12-31 | Skr509.53 | Skr142.50 | x |
| 2016-12-31 | Skr544.11 | Skr142.50 | x |
| 2017-12-31 | Skr127.57 | Skr142.50 | x |
| 2018-12-31 | Skr299.26 | Skr142.50 | x |
| 2019-12-31 | Skr200.65 | Skr142.50 | x |
| 2020-12-31 | Skr158.61 | Skr142.50 | x |
| 2021-12-31 | Skr176.76 | Skr142.50 | x |
| 2022-12-31 | Skr156.47 | Skr142.50 | x |
| 2023-12-31 | Skr144.61 | Skr142.50 | x |
| 2024-12-31 | Skr164.89 | Skr142.50 | 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): 5.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.35%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.38x
- Recent ROE (5.12%) is above the historical average (1.48%), 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 |
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: $2,692,826,500
- Average return on equity (ROE) among peers: 15.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viking Supply Ships AB (publ) (VSSAB-B) | Skr1.91 Billion | 30.78% | 0.56x | $192.21 Million |
| Gotland Rederi AB Series A (GOTL-A) | $899.45 Million | 24.09% | 0.85x | $526.41 Million |
| Gotland Rederi AB Series B (GOTL-B) | $4.49 Billion | 7.43% | 0.17x | $200.00 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 6 vessels. The company operates in Sweden, N… Read more