Fjordkraft Holding ASA
Elmera Group ASA, together with its subsidiaries, engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland. The company operates through Consumer, Business, and Nordic segments. It sells electrical power and related services to private and business consumers. The company also sells EV… Read more
Fjordkraft Holding ASA (1ZK) - Net Assets
Latest net assets as of December 2025: €1.48 Billion EUR
Based on the latest financial reports, Fjordkraft Holding ASA (1ZK) has net assets worth €1.48 Billion EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.10 Billion) and total liabilities (€5.62 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.48 Billion |
| % of Total Assets | 20.89% |
| Annual Growth Rate | 10.49% |
| 5-Year Change | -16.64% |
| 10-Year Change | N/A |
| Growth Volatility | 32.56 |
Fjordkraft Holding ASA - Net Assets Trend (2016–2025)
This chart illustrates how Fjordkraft Holding ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fjordkraft Holding ASA (2016–2025)
The table below shows the annual net assets of Fjordkraft Holding ASA from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.48 Billion | -8.44% |
| 2024-12-31 | €1.62 Billion | +6.72% |
| 2023-12-31 | €1.52 Billion | +22.48% |
| 2022-12-31 | €1.24 Billion | -30.35% |
| 2021-12-31 | €1.78 Billion | -8.41% |
| 2020-12-31 | €1.94 Billion | +93.78% |
| 2019-12-31 | €1.00 Billion | +15.18% |
| 2018-12-31 | €871.03 Million | +21.60% |
| 2017-12-31 | €716.30 Million | +18.46% |
| 2016-12-31 | €604.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fjordkraft Holding ASA'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.36 Billion | 100.00% |
| Total Equity | €1.36 Billion | 100.00% |
Fjordkraft Holding ASA Competitors by Market Cap
The table below lists competitors of Fjordkraft Holding ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Water Business Doctor
SHE:300055
|
$355.06 Million |
|
Great Eagle Holdings Limited
PINK:GEAHF
|
$355.22 Million |
|
Shanghai Material Trading Co Ltd A
SHG:600822
|
$355.28 Million |
|
Jiangxi Huawu Brake Co Ltd
SHE:300095
|
$355.30 Million |
|
Action Construction Equipment Limited
NSE:ACE
|
$354.83 Million |
|
Axis Bank Ltd GDR
IL:AXB
|
$354.81 Million |
|
4D Molecular Therapeutics Inc
NASDAQ:FDMT
|
$354.75 Million |
|
Sk Gas
KO:018670
|
$354.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fjordkraft Holding ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,496,320,000 to 1,358,633,000, a change of -137,687,000 (-9.2%).
- Net income of 162,793,000 contributed positively to equity growth.
- Dividend payments of 327,510,000 reduced retained earnings.
- New share issuances of 3,683,000 increased equity.
- Other factors increased equity by 23,347,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €162.79 Million | +11.98% |
| Dividends Paid | €327.51 Million | -24.11% |
| Share Issuances | €3.68 Million | +0.27% |
| Other Changes | €23.35 Million | +1.72% |
| Total Change | €- | -9.20% |
Book Value vs Market Value Analysis
This analysis compares Fjordkraft Holding ASA'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: 0.26x
- 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 decreased from 0.47x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €6.85 | €3.21 | x |
| 2018-12-31 | €8.34 | €3.21 | x |
| 2019-12-31 | €9.60 | €3.21 | x |
| 2020-12-31 | €17.01 | €3.21 | x |
| 2021-12-31 | €15.58 | €3.21 | x |
| 2022-12-31 | €11.42 | €3.21 | x |
| 2023-12-31 | €12.86 | €3.21 | x |
| 2024-12-31 | €13.71 | €3.21 | x |
| 2025-12-31 | €12.43 | €3.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fjordkraft Holding ASA 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): 11.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.34%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 5.23x
- Recent ROE (11.98%) is below the historical average (23.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 42.51% | 6.55% | 2.28x | 2.85x | €196.59 Million |
| 2017 | 35.17% | 5.66% | 2.10x | 2.96x | €180.31 Million |
| 2018 | 29.11% | 3.77% | 1.95x | 3.96x | €166.47 Million |
| 2019 | 36.90% | 5.20% | 2.37x | 3.00x | €269.85 Million |
| 2020 | 20.58% | 9.49% | 0.82x | 2.64x | €205.66 Million |
| 2021 | 19.23% | 2.26% | 1.48x | 5.75x | €164.32 Million |
| 2022 | 5.95% | 0.29% | 1.78x | 11.59x | €-50.17 Million |
| 2023 | 13.76% | 1.02% | 2.27x | 5.96x | €52.51 Million |
| 2024 | 23.65% | 2.89% | 2.03x | 4.03x | €204.31 Million |
| 2025 | 11.98% | 1.34% | 1.71x | 5.23x | €26.93 Million |
Industry Comparison
This section compares Fjordkraft Holding ASA's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $21,084,504,000
- Average return on equity (ROE) among peers: 381.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fjordkraft Holding ASA (1ZK) | €1.48 Billion | 42.51% | 3.79x | $354.86 Million |
| Neoenergia S.A. (2Q40) | $26.94 Billion | 17.51% | 2.43x | $4.24 Billion |
| GUYANA FRONTIER (58S) | $13.09 Billion | -17.32% | 1.28x | $1.12 Billion |
| PNM Resources Inc (98P) | $2.26 Billion | 7.54% | 3.10x | $5.17 Billion |
| Energa SA (EN2) | $10.36 Billion | 7.14% | 1.09x | $164.31 Million |
| China Power International Development Limited (HPD) | $51.88 Billion | -0.99% | 2.37x | $1.52 Billion |
| ECB S.A. (JH8) | $20.86 Million | 3065.46% | 0.54x | $2.06 Million |
| Mainova AG (MNV6) | $1.23 Billion | 3.92% | 1.57x | $271.67 Million |
| Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (PWD1) | $62.90 Billion | -28.14% | 1.37x | $1.28 Billion |