Novocure Ltd
NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of tumor treating fields (TTFields) devices for the treatment of solid tumor cancers in the United States, Germany, France, Japan, Greater China, and internationally. The company's TTFields devices include Optune Gio and Optune Lua. It also has ongoing clinical trials investigating TTFields in br… Read more
Novocure Ltd (NVCR) - Net Assets
Latest net assets as of September 2025: $341.33 Million USD
Based on the latest financial reports, Novocure Ltd (NVCR) has net assets worth $341.33 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 ($1.36 Billion) and total liabilities ($1.02 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 | $341.33 Million |
| % of Total Assets | 25.08% |
| Annual Growth Rate | 6.96% |
| 5-Year Change | -24.42% |
| 10-Year Change | 43.6% |
| Growth Volatility | 65.35 |
Novocure Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Novocure Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Novocure Ltd (2013–2024)
The table below shows the annual net assets of Novocure Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $360.18 Million | -0.64% |
| 2023-12-31 | $362.50 Million | -17.83% |
| 2022-12-31 | $441.17 Million | +7.47% |
| 2021-12-31 | $410.49 Million | -13.86% |
| 2020-12-31 | $476.53 Million | +118.80% |
| 2019-12-31 | $217.79 Million | +94.01% |
| 2018-12-31 | $112.26 Million | -1.15% |
| 2017-12-31 | $113.56 Million | -20.22% |
| 2016-12-31 | $142.34 Million | -43.25% |
| 2015-12-31 | $250.82 Million | +156.27% |
| 2014-12-31 | $97.88 Million | -43.02% |
| 2013-12-31 | $171.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Novocure Ltd'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 95831200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-5.50 Million | -1.53% |
| Other Components | $1.52 Billion | 421.96% |
| Total Equity | $360.18 Million | 100.00% |
Novocure Ltd Competitors by Market Cap
The table below lists competitors of Novocure Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Procter & Gamble Hygiene and Health Care Limited
NSE:PGHH
|
$1.15 Billion |
|
Guosheng Financial Holding Inc
SHE:002670
|
$1.15 Billion |
|
OBIC Business Consultants Co., Ltd.
PINK:OBIBF
|
$1.15 Billion |
|
Dottikon Es Holding AG
SW:DESN
|
$1.15 Billion |
|
Storskogen Group AB Series B
ST:STOR-B
|
$1.15 Billion |
|
Corbion N.V
PINK:CSNVF
|
$1.14 Billion |
|
Semen Indonesia Persero Tbk PT
PINK:PSGTY
|
$1.14 Billion |
|
Nuscale Power Corp
NYSE:SMR
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novocure Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 362,496,000 to 360,179,000, a change of -2,317,000 (-0.6%).
- Net loss of 168,627,000 reduced equity.
- New share issuances of 4,150,000 increased equity.
- Other comprehensive income decreased equity by 31,000.
- Other factors increased equity by 162,191,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-168.63 Million | -46.82% |
| Share Issuances | $4.15 Million | +1.15% |
| Other Comprehensive Income | $-31.00K | -0.01% |
| Other Changes | $162.19 Million | +45.03% |
| Total Change | $- | -0.64% |
Book Value vs Market Value Analysis
This analysis compares Novocure Ltd'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: 3.71x
- 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 0.87x to 3.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $14.27 | $12.38 | x |
| 2014-12-31 | $1.36 | $12.38 | x |
| 2015-12-31 | $3.00 | $12.38 | x |
| 2016-12-31 | $1.66 | $12.38 | x |
| 2017-12-31 | $1.28 | $12.38 | x |
| 2018-12-31 | $1.22 | $12.38 | x |
| 2019-12-31 | $2.24 | $12.38 | x |
| 2020-12-31 | $4.38 | $12.38 | x |
| 2021-12-31 | $3.97 | $12.38 | x |
| 2022-12-31 | $4.22 | $12.38 | x |
| 2023-12-31 | $3.41 | $12.38 | x |
| 2024-12-31 | $3.34 | $12.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novocure Ltd 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): -46.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.86%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 3.44x
- Recent ROE (-46.82%) is below the historical average (-42.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -45.04% | -746.89% | 0.05x | 1.10x | $-94.55 Million |
| 2014 | -82.43% | -520.87% | 0.13x | 1.20x | $-90.47 Million |
| 2015 | -44.49% | -337.24% | 0.11x | 1.23x | $-136.66 Million |
| 2016 | -92.62% | -159.06% | 0.29x | 1.98x | $-146.08 Million |
| 2017 | -54.30% | -34.83% | 0.67x | 2.34x | $-73.02 Million |
| 2018 | -56.62% | -25.62% | 0.73x | 3.03x | $-74.78 Million |
| 2019 | -3.32% | -2.06% | 0.73x | 2.20x | $-29.01 Million |
| 2020 | 4.16% | 4.01% | 0.47x | 2.21x | $-27.84 Million |
| 2021 | -14.21% | -10.91% | 0.47x | 2.78x | $-99.40 Million |
| 2022 | -20.97% | -17.20% | 0.45x | 2.70x | $-136.65 Million |
| 2023 | -57.12% | -40.65% | 0.44x | 3.16x | $-243.29 Million |
| 2024 | -46.82% | -27.86% | 0.49x | 3.44x | $-204.64 Million |
Industry Comparison
This section compares Novocure Ltd's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $539,803,485
- Average return on equity (ROE) among peers: -52.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novocure Ltd (NVCR) | $341.33 Million | -45.04% | 2.99x | $1.15 Billion |
| Advanced Biomedical Technologies Inc (ABMT) | $-7.40 Million | 0.00% | 0.00x | $14.18K |
| Abbott Laboratories (ABT) | $3.67 Billion | 38.07% | 1.09x | $190.05 Billion |
| Acarix AB (publ) (ACIXF) | $1.44 Million | -102.09% | 0.28x | $26.42 Million |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $-13.54K | 0.00% | 0.00x | $4.05 Million |
| Adm Tronics Unltd (ADMT) | $2.76 Million | -21.69% | 0.89x | $3.17 Million |
| Aethlon Medical Inc (AEMD) | $9.28 Million | -68.70% | 0.12x | $2.76 Million |
| Acutus Medical Inc (AFIB) | $126.58 Million | -80.56% | 0.52x | $732.88K |
| Adapthealth Corp (AHCO) | $1.58 Billion | 5.73% | 1.84x | $911.62 Million |
| Allied Healthcare Products Inc. (AHPIQ) | $11.89 Million | -17.74% | 0.30x | $726.24 |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $456.18K | -277.12% | 2.12x | $10.62 Million |