Information agency Credinform presents an overview of trends in shipbuilding industry.
The largest companies in the industry (TOP-100) in terms of annual revenue for the last reporting periods available to the state statistics bodies and the Federal Tax Service (2016-2020) were selected for the analysis. Selection and analysis of companies were carried out based on data from the Information and Analytical system Globas.
The largest company in the industry in terms of net assets is UNITED SHIPBUILDING CORPORATION JSC, INN 7838395215, Saint Petersburg. In 2020 net assets amounted to more than 301 billion rubles.
The smallest amount of net assets in the TOP-100 was owned by BALTIC SHIPYARD JSC, INN 7830001910, Saint Petersburg. Insufficiency of property in 2020 was expressed by a negative value of -9.7 billion rubles.
During the five-year period, average net assets of the TOP-100 tend to increase with positive growth rates (Picture 1).
Shares of companies with property insufficiency in the TOP-100 had a positive downward trend during the five years period (Picture 2).
Revenue of the top three companies in 2020 constituted over 54% of the total revenue of TOP-100 companies. (Picture 3). This indicates a high level of monopolization in the shipbuilding industry.
In general, there is a tendency of revenue increasing with a positive growth rate. (Picture 4).
Profit and loss
The largest company in the TOP-100 in terms of net profit in 2020 is also UNITED SHIPBUILDING CORPORATION JSC. The company's profit amounted to 1.5 billion rubles.
During the five-year period, average loss rates of TOP-100 companies tend to increase. (Picturе 5).
During the past five years, average values of net profit indicators of TOP-100 companies have not decreased, while average net loss increased (Picture 6).
Key financial ratios
During the five-year period, average values of the total liquidity ratio of TOP-100 companies were above the range of recommended values - from 1.0 to 2.0 with a downward trend. (Picture 7).
During the past five years, average return on investments ratio of TOP 100 companies has shown an upward trend (Picture 8).
During the five-year period values of the said business activity ratio showed a trend to decrease (Picture 9).
75% of TOP-1000 companies are registered in the Unified Register of Small and Medium-sized Enterprises of the Russian Federation Federal Tax Service. At the same time, their share in the total revenue of the TOP-1000 in 2020 is only 2%, which is significantly lower than the national average in 2018-2019. (Picture 10).
Main regions of activity
The TOP-100 companies are registered in 30 regions and are distributed unevenly across the country due to the geographical specifics of shipbuilding industry. Almost 62% of the total revenue of TOP-100 companies in 2020 is concentrated in St. Petersburg (Picture 11).
Financial position score
The assessment of the financial position of TOP-100 companies shows that the largest part of them is in a financial position above average. (Picture 12).
Globas Solvency Index
The vast majority of TOP-100 companies are assigned superior and high Globas Solvency Index, which indicates their ability to repay their debt obligations on time and fully (Picture 13).
Comprehensive assessment of activities of the largest shipbuilding enterprises, that takes into account main indexes, financial indicators and coefficients, indicates predominance of positive trends in their activities in the period from 2016 to 2020. (Table 1).
|Trends and evaluation factors||Share of factor, %|
|Dynamics of average net assets value||10|
|Growth (decline) rate in average size of net assets||10|
|Increase / decrease in share of enterprises with negative values of net assets||10|
|Level of equity concentration||-10|
|Dynamics of average revenue||10|
|Growth (decline) rate in average size of revenue||10|
|Dynamics of average profit (loss)||-10|
|Growth / decline in average values of companies’ net profit||10|
|Increase / decline in average values of companies' net loss||-10|
|Increase / decrease in average values of overall liquidity ratio||-5|
|Increase / decrease in average values of return on investment ratio||10|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|The share of small and medium-sized enterprises in revenue is more than 20%||-10|
|Financial position (the largest share)||10|
|Globas Solvency Index (the largest share)||10|
|Average value of factors share||1,9|
positive trend (factor), negative trend (factor)
According to the amendments to the Tax Code of the Russian Federation made by the Federal law No. 100-FL dated April 20, 2021, the international companies operating on the territory of Russia are obliged to disclose data on their shareholders, beneficial owners and managers including information on individuals or public companies directly or indirectly holding 5% or more in the international company.
The amendments will come into force since January 1, 2022.
Data as of December 31 have to be provided to the tax authorities no later than March 28 in the year following the reporting year.
There is an administrative fine at the amount of 50 thousand RUB for failure to provide such information.
International companies registered with the tax authorities for the sole purpose of rendering e-services in Russia are exempt from this obligation.
Full list of foreign e-service providers registered in the RF as VAT payers is available to all users in the Lists we recommend of the Information and Analytical system Globas.