ICE FISH FARM AS NK-10 (4YYA) - Net Assets
Based on the latest financial reports, ICE FISH FARM AS NK-10 (4YYA) has net assets worth €283.70 Million EUR (≈ $331.67 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 (€512.00 Million ≈ $598.58 Million USD) and total liabilities (€228.30 Million ≈ $266.91 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. See ICE FISH FARM AS NK-10 (4YYA) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €283.70 Million |
| % of Total Assets | 55.41% |
| Annual Growth Rate | 25.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.0 |
ICE FISH FARM AS NK-10 - Net Assets Trend (2021–2025)
This chart illustrates how ICE FISH FARM AS NK-10's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ICE FISH FARM AS NK-10 market cap and net worth.
Annual Net Assets for ICE FISH FARM AS NK-10 (2021–2025)
The table below shows the annual net assets of ICE FISH FARM AS NK-10 from 2021 to 2025. Also explore ICE FISH FARM AS NK-10 annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €277.49 Million ≈ $324.41 Million |
+3.29% |
| 2024-12-31 | €268.65 Million ≈ $314.08 Million |
-10.24% |
| 2023-12-31 | €299.31 Million ≈ $349.92 Million |
+37.89% |
| 2022-12-31 | €217.06 Million ≈ $253.76 Million |
+93.33% |
| 2021-12-31 | €112.27 Million ≈ $131.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ICE FISH FARM AS NK-10'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €277.49 Million | 100.00% |
| Total Equity | €277.49 Million | 100.00% |
ICE FISH FARM AS NK-10 Competitors by Market Cap
The table below lists competitors of ICE FISH FARM AS NK-10 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Popular Vehicles and Services Limited
NSE:PVSL
|
$77.41 Million |
|
Grong Sparebank
OL:GRONG
|
$77.42 Million |
|
Bekasi Fajar Industrial Estate
JK:BEST
|
$77.45 Million |
|
Gamma Nu Inc
KQ:192410
|
$77.45 Million |
|
Conrad Asia Energy Ltd
AU:CRD
|
$77.40 Million |
|
Berkah Prima Perkasa Tbk PT
JK:BLUE
|
$77.40 Million |
|
FPX Nickel Corp
V:FPX
|
$77.39 Million |
|
Suny Cellular Communication Ltd
TA:SNCM
|
$77.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICE FISH FARM AS NK-10's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 267,761,000 to 277,488,000, a change of 9,727,000 (3.6%).
- Net loss of 40,611,000 reduced equity.
- New share issuances of 45,402,000 increased equity.
- Other factors increased equity by 4,936,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-40.61 Million | -14.64% |
| Share Issuances | €45.40 Million | +16.36% |
| Other Changes | €4.94 Million | +1.78% |
| Total Change | €- | 3.63% |
Book Value vs Market Value Analysis
This analysis compares ICE FISH FARM AS NK-10'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: 0.30x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €2.05 | €0.50 | x |
| 2022-12-31 | €2.33 | €0.50 | x |
| 2023-12-31 | €2.42 | €0.50 | x |
| 2024-12-31 | €2.17 | €0.50 | x |
| 2025-12-31 | €1.65 | €0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICE FISH FARM AS NK-10 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): -14.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -36.18%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.83x
- Recent ROE (-14.64%) is below the historical average (-4.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 1.78% | 6.18% | 0.19x | 1.53x | €-9.23 Million |
| 2022 | -2.62% | -9.68% | 0.17x | 1.62x | €-27.26 Million |
| 2023 | 2.01% | 19.18% | 0.07x | 1.51x | €-23.84 Million |
| 2024 | -11.43% | -29.96% | 0.21x | 1.80x | €-57.39 Million |
| 2025 | -14.64% | -36.18% | 0.22x | 1.83x | €-68.36 Million |
Industry Comparison
This section compares ICE FISH FARM AS NK-10's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,932,658,632,638
- Average return on equity (ROE) among peers: -5.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICE FISH FARM AS NK-10 (4YYA) | €283.70 Million | 1.78% | 0.80x | $77.40 Million |
| China Modern Dairy Holdings Ltd (07M) | $7.12 Billion | -10.42% | 1.50x | $1.21 Billion |
| AFFINOR GROWERS INC. (1AF0) | $-1.21 Million | 0.00% | 0.00x | $402.14K |
| Bumitama Agri Ltd (2BU) | $17.36 Trillion | 16.14% | 0.32x | $2.08 Billion |
| Dole plc (4CB) | $1.50 Billion | 3.42% | 1.93x | $1.18 Billion |
| GOLDEN AGRI-RES ADR/100 (4G3) | $4.89 Billion | 9.73% | 0.96x | $2.59 Billion |
| BRASI.CIA BRAS.D.PROP.ADR (52BA) | $2.18 Billion | 10.41% | 0.65x | $336.70 Million |
| P/F Bakkafrost (6BF) | $11.04 Billion | 4.80% | 0.72x | $2.44 Billion |
| China Shengmu Organic Milk Limited (7OM) | $2.88 Billion | -77.29% | 1.63x | $300.20 Million |
| KINGFISH COMPANY EO -01 (93G) | $75.65 Million | -9.67% | 0.87x | $10.13 Million |
About ICE FISH FARM AS NK-10
Kaldvik AS engages in the salmon farming business in Iceland, the United States, the European Union, and internationally. It also owns and operates smolt stations. The company was formerly known as Ice Fish Farm AS and changed its name to Kaldvik AS in August 2024. Kaldvik AS was incorporated in 2020 and is headquartered in Eskifjörður, Iceland. Kaldvik AS operates as a subsidiary of Austur Holdi… Read more