FREYR Battery SA
FREYR Battery, Inc. provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Austin, Texas.
FREYR Battery SA (FREY) - Net Assets
Latest net assets as of March 2025: $251.21 Million USD
Based on the latest financial reports, FREYR Battery SA (FREY) has net assets worth $251.21 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.43 Billion) and total liabilities ($1.18 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 | $251.21 Million |
| % of Total Assets | 17.55% |
| Annual Growth Rate | -7.59% |
| 5-Year Change | 3708.76% |
| 10-Year Change | N/A |
| Growth Volatility | 4377.69 |
FREYR Battery SA - Net Assets Trend (2019–2024)
This chart illustrates how FREYR Battery SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FREYR Battery SA (2019–2024)
The table below shows the annual net assets of FREYR Battery SA from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $188.76 Million | -70.26% |
| 2023-12-31 | $634.72 Million | -11.86% |
| 2022-12-31 | $720.13 Million | +32.02% |
| 2021-12-31 | $545.49 Million | +10906.56% |
| 2020-12-31 | $4.96 Million | -98.23% |
| 2019-12-31 | $280.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FREYR Battery SA'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 345932.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.56 Million | 0.83% |
| Other Comprehensive Income | $-58.98 Million | -31.24% |
| Other Components | $971.42 Million | 514.62% |
| Total Equity | $188.76 Million | 100.00% |
FREYR Battery SA Competitors by Market Cap
The table below lists competitors of FREYR Battery SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nexen Tire Prf 1
KO:002355
|
$106.79 Million |
|
Maxim Power Corp
PINK:MXGFF
|
$106.84 Million |
|
Fate Therapeutics Inc
NASDAQ:FATE
|
$106.85 Million |
|
Honat Bancorp Inc
PINK:HONT
|
$106.94 Million |
|
Benchmark Bankshares Inc
PINK:BMBN
|
$106.67 Million |
|
ALEXANDRIA PANKKIIRILIIKE
F:3ZL
|
$106.65 Million |
|
Probi AB
ST:PROB
|
$106.63 Million |
|
V Zug Holding Ag
SW:VZUG
|
$106.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FREYR Battery SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 633,195,000 to 188,762,000, a change of -444,433,000 (-70.2%).
- Net loss of 450,152,000 reduced equity.
- New share issuances of 50,000,000 increased equity.
- Other comprehensive income decreased equity by 40,149,000.
- Other factors decreased equity by 4,132,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-450.15 Million | -238.48% |
| Share Issuances | $50.00 Million | +26.49% |
| Other Comprehensive Income | $-40.15 Million | -21.27% |
| Other Changes | $-4.13 Million | -2.19% |
| Total Change | $- | -70.19% |
Book Value vs Market Value Analysis
This analysis compares FREYR Battery SA'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: 0.99x
- 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 9.56x to 0.99x 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 | $0.14 | $1.33 | x |
| 2020-12-31 | $0.18 | $1.33 | x |
| 2021-12-31 | $7.24 | $1.33 | x |
| 2022-12-31 | $6.06 | $1.33 | x |
| 2023-12-31 | $4.53 | $1.33 | x |
| 2024-12-31 | $1.34 | $1.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FREYR Battery SA 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): -238.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15300.88%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 7.08x
- Recent ROE (-238.48%) is below the historical average (-80.55%), 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 | 4.19% | 0.00% | 0.00x | 58.05x | $-290.29K |
| 2020 | -209.36% | 0.00% | 0.00x | 3.21x | $-10.87 Million |
| 2021 | -17.56% | 0.00% | 0.00x | 1.15x | $-150.34 Million |
| 2022 | -10.73% | 0.00% | 0.00x | 1.15x | $-148.72 Million |
| 2023 | -11.36% | 0.00% | 0.00x | 1.16x | $-135.26 Million |
| 2024 | -238.48% | -15300.88% | 0.00x | 7.08x | $-469.03 Million |
Industry Comparison
This section compares FREYR Battery SA's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,545,576,244
- Average return on equity (ROE) among peers: -138.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FREYR Battery SA (FREY) | $251.21 Million | 4.19% | 4.70x | $106.78 Million |
| ABB Ltd (ABBNY) | $13.98 Billion | 7.80% | 2.30x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $214.11 Million | -0.26% | 0.04x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $1.69 Million | -712.54% | 36.25x | $201.93 Million |
| Advanced Energy Industries Inc (AEIS) | $214.34 Million | -14.64% | 1.10x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $5.62 Million | -85.17% | 0.30x | $91.15 Million |
| Alfen N.V (ALFNF) | $5.26 Million | 0.00% | 1.87x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $1.17 Million | -634.56% | 4.70x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $162.71 Million | -8.39% | 0.90x | $17.55 Million |
| Astro Communications Inc (ASTO) | $6.13 Million | -7.08% | 0.13x | $18.76K |
| Atkore International Group Inc (ATKR) | $864.74 Million | 67.98% | 1.56x | $1.69 Billion |