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Stainless Tankers ASA (FRA:ZC0) Owner Earnings per Share (TTM) : (As of Dec. 2024)


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What is Stainless Tankers ASA Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Stainless Tankers ASA does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Stainless Tankers ASA's Owner Earnings per Share (TTM) or its related term are showing as below:



FRA:ZC0's Price-to-Owner-Earnings is not ranked *
in the Transportation industry.
Industry Median: 11.76
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Stainless Tankers ASA's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was €0.27. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2024 was €1.09. It's PE Ratio (TTM) ratio for today is 3.90.

Stainless Tankers ASA's EPS without NRI for the three months ended in Dec. 2024 was €0.27. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2024 was €1.09. It's PE Ratio without NRI ratio for today is 3.90.


Stainless Tankers ASA Owner Earnings per Share (TTM) Historical Data

The historical data trend for Stainless Tankers ASA's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Stainless Tankers ASA Owner Earnings per Share (TTM) Chart

Stainless Tankers ASA Annual Data
Trend Dec23 Dec24
Owner Earnings per Share (TTM)
- -

Stainless Tankers ASA Quarterly Data
Feb23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Owner Earnings per Share (TTM) Get a 7-Day Free Trial - - - - -

Competitive Comparison of Stainless Tankers ASA's Owner Earnings per Share (TTM)

For the Marine Shipping subindustry, Stainless Tankers ASA's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Stainless Tankers ASA's Price-to-Owner-Earnings Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stainless Tankers ASA's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Stainless Tankers ASA's Price-to-Owner-Earnings falls into.


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Stainless Tankers ASA Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Stainless Tankers ASA does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Stainless Tankers ASA Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Stainless Tankers ASA's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Stainless Tankers ASA Business Description

Traded in Other Exchanges
Address
Henrik Ibsens gate 90, Oslo, NOR, 0255
Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

Stainless Tankers ASA Headlines

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