Aega ASA
Aega ASA, an energy company, focuses on solar power and renewable energy businesses in Europe. As of April 29, 2024, it owned and operated nine solar parks located in Italy, with a combined production capacity of approximately 11.8 GWh per year. The company was formerly known as Nordic Financials ASA and changed its name to Aega ASA in January 2016. Aega ASA was incorporated in 2011 and is headqu… Read more
Aega ASA (AEGA) - Net Assets
Latest net assets as of December 2024: Nkr100.11K NOK
Based on the latest financial reports, Aega ASA (AEGA) has net assets worth Nkr100.11K NOK as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr465.61K) and total liabilities (Nkr365.49K). 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 | Nkr100.11K |
| % of Total Assets | 21.5% |
| Annual Growth Rate | -40.14% |
| 5-Year Change | -98.69% |
| 10-Year Change | N/A |
| Growth Volatility | 37.9 |
Aega ASA - Net Assets Trend (2016–2024)
This chart illustrates how Aega 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 Aega ASA (2016–2024)
The table below shows the annual net assets of Aega ASA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr100.11K | -98.51% |
| 2023-12-31 | Nkr6.72 Million | -22.40% |
| 2022-12-31 | Nkr8.66 Million | -16.17% |
| 2021-12-31 | Nkr10.33 Million | +34.95% |
| 2020-12-31 | Nkr7.66 Million | -7.46% |
| 2019-12-31 | Nkr8.27 Million | +16.51% |
| 2018-12-31 | Nkr7.10 Million | +13.99% |
| 2017-12-31 | Nkr6.23 Million | +2.64% |
| 2016-12-31 | Nkr6.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aega 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 grown by 473787000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr100.11K | 100.00% |
| Total Equity | Nkr100.11K | 100.00% |
Aega ASA Competitors by Market Cap
The table below lists competitors of Aega ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HMS BERGBAU - Dusseldorf Stock Exchang
DU:HMU
|
$403.25K |
|
FASTENAL
MU:FAS
|
$403.55K |
|
Remington Resources Inc
V:RGM-H
|
$403.79K |
|
NEWGOLD
XBOT:NEWG-ETF
|
$403.86K |
|
RSL Electronics Ltd
TA:RSEL
|
$402.74K |
|
Nine Energy Service Inc
NYSE:NINE
|
$402.61K |
|
G.F.C Green Fields Capital Ltd.
TA:GFC-M
|
$402.34K |
|
ARADEI CAPITAL
BC:ARADEI-CAPITAL
|
$402.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aega ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,721,884 to 100,114, a change of -6,621,770 (-98.5%).
- Net loss of 1,671,672 reduced equity.
- Other factors decreased equity by 4,950,098.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-1.67 Million | -1669.77% |
| Other Changes | Nkr-4.95 Million | -4944.46% |
| Total Change | Nkr- | -98.51% |
Book Value vs Market Value Analysis
This analysis compares Aega 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: 1606.73x
- 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 1.70x to 1606.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr0.15 | Nkr0.25 | x |
| 2017-12-31 | Nkr0.12 | Nkr0.25 | x |
| 2018-12-31 | Nkr0.13 | Nkr0.25 | x |
| 2019-12-31 | Nkr0.15 | Nkr0.25 | x |
| 2020-12-31 | Nkr0.14 | Nkr0.25 | x |
| 2021-12-31 | Nkr0.16 | Nkr0.25 | x |
| 2022-12-31 | Nkr0.36 | Nkr0.25 | x |
| 2023-12-31 | Nkr0.01 | Nkr0.25 | x |
| 2024-12-31 | Nkr0.00 | Nkr0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aega 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): -1669.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.65x
- Recent ROE (-1669.77%) is below the historical average (-196.06%), 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 | -30.83% | -75.26% | 0.13x | 3.07x | Nkr-2.48 Million |
| 2017 | -41.11% | -80.20% | 0.16x | 3.26x | Nkr-3.18 Million |
| 2018 | -2.21% | -4.78% | 0.15x | 3.07x | Nkr-866.95K |
| 2019 | 33.87% | 3885.14% | 0.01x | 1.41x | Nkr1.97 Million |
| 2020 | -2.44% | -27.97% | 0.06x | 1.48x | Nkr-952.26K |
| 2021 | -1.56% | -8.77% | 0.09x | 1.92x | Nkr-1.19 Million |
| 2022 | -22.80% | -74.80% | 0.11x | 2.80x | Nkr-2.84 Million |
| 2023 | -27.73% | 0.00% | 0.00x | 3.07x | Nkr-2.54 Million |
| 2024 | -1669.77% | 0.00% | 0.00x | 4.65x | Nkr-1.68 Million |
Industry Comparison
This section compares Aega ASA's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $2,387,764,959
- Average return on equity (ROE) among peers: -11.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aega ASA (AEGA) | Nkr100.11K | -30.83% | 3.65x | $402.90K |
| Cloudberry Clean Energy As (CLOUD) | $5.43 Billion | 1.12% | 0.74x | $221.08 Million |
| EAM Solar ASA (EAM) | $9.67 Million | -1.79% | 0.73x | $2.52 Million |
| Eqva ASA (EQVA) | $-114.66 Million | 0.00% | 0.00x | $8.18 Million |
| Magnora ASA (MGN) | $5.87 Billion | -14.16% | 1.32x | $81.76 Million |
| MPC Energy Solutions NV (MPCES) | $75.18 Million | -7.47% | 0.72x | $25.09 Million |
| Nordic Financials ASA (NOFIN) | $99.67 Million | -22.80% | 1.80x | $1.70K |
| Norsk Solar AS (NSOL) | $160.38 Million | -21.63% | 0.34x | $384.61K |
| Ocean Sun As (OSUN) | $45.17 Million | -41.32% | 0.17x | $1.30 Million |
| Scatec Solar OL (SCATC) | $9.92 Billion | 3.91% | 2.33x | $1.59 Billion |