Hove AS (HOVE) - Net Assets
Based on the latest financial reports, Hove AS (HOVE) has net assets worth Dkr86.80 Million DKK (≈ $13.58 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 (Dkr116.67 Million ≈ $18.25 Million USD) and total liabilities (Dkr29.87 Million ≈ $4.67 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 how resilient are Hove AS's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Dkr86.80 Million |
| % of Total Assets | 74.4% |
| Annual Growth Rate | 37.66% |
| 5-Year Change | 277.46% |
| 10-Year Change | N/A |
| Growth Volatility | 68.6 |
Hove AS - Net Assets Trend (2019–2024)
This chart illustrates how Hove AS's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Hove AS for the complete picture of this company's asset base.
Annual Net Assets for Hove AS (2019–2024)
The table below shows the annual net assets of Hove AS from 2019 to 2024. For live valuation and market cap data, see how much is Hove AS worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 181.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr31.46 Million | 39.67% |
| Common Stock | Dkr2.46 Million | 3.11% |
| Other Comprehensive Income | Dkr12.14 Million | 15.30% |
| Other Components | Dkr33.26 Million | 41.93% |
| Total Equity | Dkr79.32 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 |
|---|---|
|
Daedong Steel Co. Ltd
KQ:048470
|
$24.37 Million |
|
KONG SUN (BL25000)
F:KOJ5
|
$24.39 Million |
|
Xbrane Biopharma AB
ST:XBRANE
|
$24.39 Million |
|
SABUY TECHNOLOGY
BK:SABUY-R
|
$24.40 Million |
|
Asia Technology Co Ltd
KQ:050860
|
$24.37 Million |
|
Yung Zip Chemical Ind Co Ltd
TWO:4102
|
$24.36 Million |
|
Plan Optik AG
F:P4O
|
$24.36 Million |
|
NamSys Inc
V:CTZ
|
$24.35 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 2023 to 2024, total equity changed from 71,423,829 to 79,324,000, a change of 7,900,171 (11.1%).
- Net income of 5,662,000 contributed positively to equity growth.
- New share issuances of 265,000 increased equity.
- Other comprehensive income increased equity by 8,338,245.
- Other factors decreased equity by 6,365,074.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr5.66 Million | +7.14% |
| Share Issuances | Dkr265.00K | +0.33% |
| Other Comprehensive Income | Dkr8.34 Million | +10.51% |
| Other Changes | Dkr-6.37 Million | -8.02% |
| Total Change | Dkr- | 11.06% |
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: 2.00x
- 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 9.22x to 2.00x 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 | Dkr6.16 | x |
| 2020-12-31 | Dkr0.88 | Dkr6.16 | x |
| 2021-12-31 | Dkr2.50 | Dkr6.16 | x |
| 2022-12-31 | Dkr2.80 | Dkr6.16 | x |
| 2023-12-31 | Dkr2.82 | Dkr6.16 | x |
| 2024-12-31 | Dkr3.08 | Dkr6.16 | 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): 7.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.34%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 1.30x
- Recent ROE (7.14%) is below the historical average (11.79%), suggesting potential challenges in 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 |
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: $2,228,993,333
- Average return on equity (ROE) among peers: 11.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hove AS (HOVE) | Dkr86.80 Million | 14.13% | 0.34x | $24.37 Million |
| Flügger group A/S (FLUG-B) | $742.17 Million | 4.34% | 0.48x | $132.73 Million |
| Novonesis (Novozymes) A/S (NSIS-B) | $4.25 Billion | 15.23% | 0.97x | $25.75 Billion |
| SP Group A/S (SPG) | $1.70 Billion | 15.38% | 0.86x | $688.25 Million |
About Hove AS
Hove A/S develops, produces, and supplies advanced lubrication solutions for heavy machinery in Denmark and inetrnationally. It offers Hove Smart Lube, a field-proven digital solution for traceability and maintaining control of lubrication; Hove Carry, a portable lubrication pump for port cranes; EASY GREASE V5 and EASY GREASE V4 lubrication pumps; Hove ONE pump for direct and central lubrication… Read more