Hove AS (HOVE) - Net Assets

Latest as of December 2025: Dkr87.16 Million DKK ≈ $13.64 Million USD

Based on the latest financial reports, Hove AS (HOVE) has net assets worth Dkr87.16 Million DKK (≈ $13.64 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr115.30 Million ≈ $18.04 Million USD) and total liabilities (Dkr28.14 Million ≈ $4.40 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 Hove AS tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Dkr87.16 Million
% of Total Assets	75.59%
Annual Growth Rate	32.59%
5-Year Change	45.38%
10-Year Change	N/A
Growth Volatility	64.31

Hove AS - Net Assets Trend (2019–2025)

This chart illustrates how Hove AS's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Hove AS to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hove AS (2019–2025)

The table below shows the annual net assets of Hove AS from 2019 to 2025. For live valuation and market cap data, see how much is Hove AS worth.

Year	Net Assets	Change
2025-12-31	Dkr87.16 Million ≈ $13.64 Million	+9.88%
2024-12-31	Dkr79.32 Million ≈ $12.41 Million	+11.06%
2023-12-31	Dkr71.42 Million ≈ $11.17 Million	+6.25%
2022-12-31	Dkr67.22 Million ≈ $10.52 Million	+12.12%
2021-12-31	Dkr59.96 Million ≈ $9.38 Million	+185.30%
2020-12-31	Dkr21.01 Million ≈ $3.29 Million	+31.07%
2019-12-31	Dkr16.03 Million ≈ $2.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Hove AS'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 216.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Dkr35.40 Million	40.62%
Common Stock	Dkr2.53 Million	2.90%
Other Components	Dkr49.23 Million	56.48%
Total Equity	Dkr87.16 Million	100.00%

Hove AS Competitors by Market Cap

The table below lists competitors of Hove AS ranked by their market capitalization.

Company	Market Cap
DGR Global Ltd AU:DGR	$22.15 Million
Eden Innovations Ltd AU:EDE	$22.16 Million
Shradha Infraprojects Limited NSE:SHRADHA	$22.16 Million
Castile Resources Ltd AU:CST	$22.17 Million
Prefab Bucures RO:PREH	$22.15 Million
Z-Com Inc TWO:8176	$22.14 Million
Alma Metals Ltd AU:ALM	$22.14 Million
Ballymore Resources Ltd AU:BMR	$22.13 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hove AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 79,324,000 to 87,164,000, a change of 7,840,000 (9.9%).
Net income of 13,643,000 contributed positively to equity growth.
Dividend payments of 3,452,000 reduced retained earnings.
New share issuances of 289,000 increased equity.
Other comprehensive income decreased equity by 12,136,000.
Other factors increased equity by 9,496,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Dkr13.64 Million	+15.65%
Dividends Paid	Dkr3.45 Million	-3.96%
Share Issuances	Dkr289.00K	+0.33%
Other Comprehensive Income	Dkr-12.14 Million	-13.92%
Other Changes	Dkr9.50 Million	+10.89%
Total Change	Dkr-	9.88%

Book Value vs Market Value Analysis

This analysis compares Hove AS'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: 1.62x
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 8.38x to 1.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2019-12-31	Dkr0.67	Dkr5.60	x
2020-12-31	Dkr0.88	Dkr5.60	x
2021-12-31	Dkr2.50	Dkr5.60	x
2022-12-31	Dkr2.80	Dkr5.60	x
2023-12-31	Dkr2.82	Dkr5.60	x
2024-12-31	Dkr3.08	Dkr5.60	x
2025-12-31	Dkr3.45	Dkr5.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hove AS 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): 15.65%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.51%
• Asset Turnover: 1.82x
• Equity Multiplier: 1.32x
Recent ROE (15.65%) is above the historical average (12.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2019	14.13%	2.25%	2.22x	2.83x	Dkr661.70K
2020	27.29%	5.57%	1.89x	2.59x	Dkr3.63 Million
2021	6.62%	3.85%	1.13x	1.52x	Dkr-2.03 Million
2022	10.59%	4.70%	1.31x	1.72x	Dkr394.66K
2023	5.01%	1.91%	1.94x	1.35x	Dkr-3.57 Million
2024	7.14%	3.34%	1.64x	1.30x	Dkr-2.27 Million
2025	15.65%	6.51%	1.82x	1.32x	Dkr4.93 Million

Industry Comparison

This section compares Hove AS's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $1,758,121,667
Average return on equity (ROE) among peers: 9.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hove AS (HOVE)	Dkr87.16 Million	14.13%	0.32x	$22.15 Million
Flügger group A/S (FLUG-B)	$820.77 Million	0.51%	1.36x	$139.37 Million
Novonesis (Novozymes) A/S (NSIS-B)	$4.25 Billion	15.23%	0.97x	$25.05 Billion
SP Group A/S (SPG)	$205.60 Million	12.60%	2.74x	$786.81 Million

About Hove AS

CO:HOVE Denmark Specialty Chemicals

Market Cap

$22.15 Million

Dkr141.59 Million DKK

Market Cap Rank

#24808 Global

#109 in Denmark

Share Price

Dkr5.60

Change (1 day)

-1.06%

52-Week Range

Dkr3.04 - Dkr6.44

All Time High

Dkr9.88