NorAm Drilling AS (TM9) - Net Assets
Based on the latest financial reports, NorAm Drilling AS (TM9) has net assets worth €56.14 Million EUR (≈ $65.64 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 (€76.28 Million ≈ $89.18 Million USD) and total liabilities (€20.14 Million ≈ $23.54 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. Read NorAm Drilling AS balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €56.14 Million |
| % of Total Assets | 73.6% |
| Annual Growth Rate | -0.72% |
| 5-Year Change | 66.45% |
| 10-Year Change | N/A |
| Growth Volatility | 60.38 |
NorAm Drilling AS - Net Assets Trend (2019–2025)
This chart illustrates how NorAm Drilling AS's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of NorAm Drilling AS for the complete picture of this company's asset base.
Annual Net Assets for NorAm Drilling AS (2019–2025)
The table below shows the annual net assets of NorAm Drilling AS from 2019 to 2025. For live valuation and market cap data, see market cap of NorAm Drilling AS.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €56.14 Million ≈ $65.64 Million |
+4.99% |
| 2024-12-31 | €53.47 Million ≈ $62.51 Million |
-25.57% |
| 2023-12-31 | €71.84 Million ≈ $83.99 Million |
-12.42% |
| 2022-12-31 | €82.03 Million ≈ $95.91 Million |
+143.21% |
| 2021-12-31 | €33.73 Million ≈ $39.43 Million |
-25.15% |
| 2020-12-31 | €45.06 Million ≈ $52.68 Million |
-23.16% |
| 2019-12-31 | €58.64 Million ≈ $68.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NorAm Drilling 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 2132900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €87.33 Million | 155.56% |
| Total Equity | €56.14 Million | 100.00% |
NorAm Drilling AS Competitors by Market Cap
The table below lists competitors of NorAm Drilling AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Frauenthal Holding AG
VI:FKA
|
$198.98 Million |
|
Security National Financial
NASDAQ:SNFCA
|
$199.07 Million |
|
Magnora ASA
OL:MGN
|
$199.08 Million |
|
Saksoft Limited
NSE:SAKSOFT
|
$199.10 Million |
|
PAMT CORP
NASDAQ:PAMT
|
$198.76 Million |
|
Maschinenfabrik Berthold Hermle AG
F:MBH3
|
$198.75 Million |
|
Asia Sermkij Leasing Public Company Limited
BK:ASK
|
$198.53 Million |
|
Gaon Group Ltd
TA:GAGR
|
$198.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NorAm Drilling AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,472,000 to 56,142,000, a change of 2,670,000 (5.0%).
- Net income of 14,813,000 contributed positively to equity growth.
- Dividend payments of 18,471,000 reduced retained earnings.
- New share issuances of 12,000 increased equity.
- Other factors increased equity by 6,316,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €14.81 Million | +26.38% |
| Dividends Paid | €18.47 Million | -32.9% |
| Share Issuances | €12.00K | +0.02% |
| Other Changes | €6.32 Million | +11.25% |
| Total Change | €- | 4.99% |
Book Value vs Market Value Analysis
This analysis compares NorAm Drilling 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: 3.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.52x to 3.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €1.36 | €4.80 | x |
| 2020-12-31 | €1.05 | €4.80 | x |
| 2021-12-31 | €0.78 | €4.80 | x |
| 2022-12-31 | €1.90 | €4.80 | x |
| 2023-12-31 | €1.67 | €4.80 | x |
| 2024-12-31 | €1.24 | €4.80 | x |
| 2025-12-31 | €1.30 | €4.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NorAm Drilling 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): 26.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.65%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 1.36x
- Recent ROE (26.38%) is above the historical average (-4.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -4.00% | -2.84% | 0.53x | 2.66x | €-8.21 Million |
| 2020 | -30.13% | -24.84% | 0.39x | 3.08x | €-18.09 Million |
| 2021 | -55.84% | -37.38% | 0.41x | 3.62x | €-22.21 Million |
| 2022 | 3.63% | 3.12% | 0.82x | 1.41x | €-5.23 Million |
| 2023 | 26.76% | 16.25% | 1.21x | 1.36x | €12.04 Million |
| 2024 | 4.22% | 2.19% | 1.31x | 1.47x | €-3.09 Million |
| 2025 | 26.38% | 14.65% | 1.33x | 1.36x | €9.20 Million |
Industry Comparison
This section compares NorAm Drilling AS's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $6,883,404,104
- Average return on equity (ROE) among peers: 6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NorAm Drilling AS (TM9) | €56.14 Million | -4.00% | 0.36x | $198.83 Million |
| Petrolia SE (0PE) | $39.01 Million | -4.02% | 0.64x | $30.70 Million |
| TechnipFMC PLC (1T1) | $3.17 Billion | 1.77% | 2.04x | $23.79 Billion |
| Honghua Group Limited (4HB) | $4.18 Billion | -29.67% | 1.41x | $188.57 Million |
| Anton Oilfield Services Group (5AO) | $3.42 Billion | 5.74% | 1.87x | $291.71 Million |
| HILONG HOLDING LTD HD-10 (8HL) | $3.26 Billion | 0.87% | 1.48x | $39.87 Million |
| GAZTR.TECHNI.U.ADR1/5EO01 (9TG0) | $461.47 Million | 75.37% | 0.77x | $7.76 Billion |
| China Oilfield Services Limited (CO9) | $39.90 Billion | 5.90% | 0.93x | $1.90 Billion |
| CIMC Enric Holdings Limited (E8F) | $12.37 Billion | 9.00% | 1.23x | $2.52 Billion |
| GULF MARINE SVCS LS -02 (G0M) | $262.71 Million | 11.80% | 1.57x | $241.95 Million |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $1.77 Billion | -11.90% | 0.86x | $27.59 Million |
About NorAm Drilling AS
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.