AF Gruppen ASA (AFG) - Net Assets

Latest as of September 2025: Nkr3.63 Billion NOK ≈ $382.30 Million USD

Based on the latest financial reports, AF Gruppen ASA (AFG) has net assets worth Nkr3.63 Billion NOK (≈ $382.30 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 (Nkr16.92 Billion ≈ $1.78 Billion USD) and total liabilities (Nkr13.29 Billion ≈ $1.40 Billion 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. Check AF Gruppen ASA asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr3.63 Billion
% of Total Assets 21.47%
Annual Growth Rate 11.37%
5-Year Change -0.11%
10-Year Change 91.7%
Growth Volatility 13.58

AF Gruppen ASA - Net Assets Trend (2001–2024)

This chart illustrates how AF Gruppen ASA's net assets have evolved over time, based on quarterly financial data. Also explore AF Gruppen ASA (AFG) total assets for the complete picture of this company's asset base.

Annual Net Assets for AF Gruppen ASA (2001–2024)

The table below shows the annual net assets of AF Gruppen ASA from 2001 to 2024. For live valuation and market cap data, see AF Gruppen ASA (AFG) total market value.

Year Net Assets Change
2024-12-31 Nkr3.49 Billion
≈ $367.14 Million		 +8.93%
2023-12-31 Nkr3.20 Billion
≈ $337.05 Million		 -8.30%
2022-12-31 Nkr3.49 Billion
≈ $367.56 Million		 -2.21%
2021-12-31 Nkr3.57 Billion
≈ $375.88 Million		 +2.26%
2020-12-31 Nkr3.49 Billion
≈ $367.56 Million		 +16.47%
2019-12-31 Nkr3.00 Billion
≈ $315.58 Million		 +41.20%
2018-12-31 Nkr2.12 Billion
≈ $223.51 Million		 +2.26%
2017-12-31 Nkr2.08 Billion
≈ $218.56 Million		 +6.51%
2016-12-31 Nkr1.95 Billion
≈ $205.20 Million		 +7.14%
2015-12-31 Nkr1.82 Billion
≈ $191.52 Million		 +21.33%
2014-12-31 Nkr1.50 Billion
≈ $157.84 Million		 +12.44%
2013-12-31 Nkr1.33 Billion
≈ $140.38 Million		 +9.52%
2012-12-31 Nkr1.22 Billion
≈ $128.17 Million		 -8.49%
2011-12-31 Nkr1.33 Billion
≈ $140.06 Million		 +37.50%
2010-12-31 Nkr968.00 Million
≈ $101.86 Million		 +5.81%
2009-12-31 Nkr914.82 Million
≈ $96.27 Million		 +23.48%
2008-12-31 Nkr740.85 Million
≈ $77.96 Million		 +29.98%
2007-12-31 Nkr569.98 Million
≈ $59.98 Million		 +6.71%
2006-12-31 Nkr534.12 Million
≈ $56.21 Million		 +23.44%
2005-12-31 Nkr432.69 Million
≈ $45.53 Million		 +32.20%
2004-12-31 Nkr327.30 Million
≈ $34.44 Million		 +1.53%
2003-12-31 Nkr322.36 Million
≈ $33.92 Million		 -0.98%
2002-12-31 Nkr325.55 Million
≈ $34.26 Million		 +11.06%
2001-12-31 Nkr293.12 Million
≈ $30.85 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to AF Gruppen 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 590.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings Nkr1.67 Billion 63.87%
Other Components Nkr942.00 Million 36.13%
Total Equity Nkr2.61 Billion 100.00%

AF Gruppen ASA Competitors by Market Cap

The table below lists competitors of AF Gruppen ASA ranked by their market capitalization.

Company Market Cap
SF Diamond
SHE:300179
 $2.07 Billion
Guangdong No2 Hydropower Engineering Co Ltd
SHE:002060
 $2.07 Billion
Bestway Marine & Energy Technology Co Ltd
SHE:300008
 $2.07 Billion
Shanghai Highly Group Co Ltd A
SHG:600619
 $2.07 Billion
Extendicare Inc
TO:EXE
 $2.06 Billion
Maxvision Technology Corp
SHE:002990
 $2.06 Billion
MLS Co Ltd
SHE:002745
 $2.06 Billion
Allied Machinery Co. Ltd.
SHG:605060
 $2.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in AF Gruppen ASA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,323,000,000 to 2,607,000,000, a change of 284,000,000 (12.2%).
  • Net income of 708,000,000 contributed positively to equity growth.
  • Dividend payments of 380,000,000 reduced retained earnings.
  • Share repurchases of 8,000,000 reduced equity.
  • New share issuances of 72,000,000 increased equity.
  • Other factors decreased equity by 108,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr708.00 Million +27.16%
Dividends Paid Nkr380.00 Million -14.58%
Share Repurchases Nkr8.00 Million -0.31%
Share Issuances Nkr72.00 Million +2.76%
Other Changes Nkr-108.00 Million -4.14%
Total Change Nkr- 12.23%

Book Value vs Market Value Analysis

This analysis compares AF Gruppen 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: 7.47x
  • 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 decreased from 41.86x to 7.47x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 Nkr4.26 Nkr178.20 x
2002-12-31 Nkr4.73 Nkr178.20 x
2003-12-31 Nkr4.68 Nkr178.20 x
2004-12-31 Nkr4.75 Nkr178.20 x
2005-12-31 Nkr6.46 Nkr178.20 x
2006-12-31 Nkr7.76 Nkr178.20 x
2007-12-31 Nkr8.92 Nkr178.20 x
2008-12-31 Nkr11.85 Nkr178.20 x
2009-12-31 Nkr13.06 Nkr178.20 x
2010-12-31 Nkr13.34 Nkr178.20 x
2011-12-31 Nkr16.58 Nkr178.20 x
2012-12-31 Nkr13.69 Nkr178.20 x
2013-12-31 Nkr14.65 Nkr178.20 x
2014-12-31 Nkr15.69 Nkr178.20 x
2015-12-31 Nkr16.80 Nkr178.20 x
2016-12-31 Nkr17.73 Nkr178.20 x
2017-12-31 Nkr17.55 Nkr178.20 x
2018-12-31 Nkr17.82 Nkr178.20 x
2019-12-31 Nkr21.69 Nkr178.20 x
2020-12-31 Nkr24.76 Nkr178.20 x
2021-12-31 Nkr24.93 Nkr178.20 x
2022-12-31 Nkr23.91 Nkr178.20 x
2023-12-31 Nkr21.40 Nkr178.20 x
2024-12-31 Nkr23.85 Nkr178.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently AF Gruppen 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): 27.16%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.34%
  • • Asset Turnover: 2.01x
  • • Equity Multiplier: 5.76x
  • Recent ROE (27.16%) is below the historical average (28.88%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 18.27% 2.65% 1.61x 4.29x Nkr24.23 Million
2002 17.64% 1.83% 2.08x 4.61x Nkr24.89 Million
2003 4.35% 0.48% 1.91x 4.76x Nkr-18.23 Million
2004 21.98% 1.92% 2.16x 5.30x Nkr39.21 Million
2005 20.28% 2.10% 2.25x 4.29x Nkr44.48 Million
2006 25.13% 2.51% 2.49x 4.04x Nkr80.81 Million
2007 28.52% 3.14% 2.17x 4.19x Nkr112.81 Million
2008 26.88% 3.71% 1.85x 3.91x Nkr137.75 Million
2009 29.52% 5.00% 1.77x 3.34x Nkr178.49 Million
2010 28.65% 4.82% 1.91x 3.12x Nkr180.30 Million
2011 23.93% 4.17% 1.58x 3.63x Nkr176.40 Million
2012 17.35% 2.01% 1.96x 4.42x Nkr82.20 Million
2013 34.91% 4.27% 1.92x 4.26x Nkr306.10 Million
2014 32.45% 4.47% 1.82x 3.99x Nkr305.80 Million
2015 44.65% 5.65% 1.98x 4.00x Nkr540.90 Million
2016 41.13% 5.87% 1.80x 3.90x Nkr523.00 Million
2017 36.68% 4.55% 1.77x 4.56x Nkr451.70 Million
2018 44.22% 4.13% 2.20x 4.86x Nkr597.40 Million
2019 39.00% 3.80% 1.75x 5.87x Nkr635.00 Million
2020 37.45% 3.60% 2.10x 4.96x Nkr711.70 Million
2021 38.39% 3.67% 2.12x 4.94x Nkr753.60 Million
2022 37.20% 3.09% 2.14x 5.61x Nkr700.50 Million
2023 17.31% 1.33% 2.06x 6.31x Nkr169.70 Million
2024 27.16% 2.34% 2.01x 5.76x Nkr447.30 Million

Industry Comparison

This section compares AF Gruppen ASA's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

  • Industry: Engineering & Construction
  • Average net assets among peers: $1,227,963,125
  • Average return on equity (ROE) among peers: -10.92%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
AF Gruppen ASA (AFG) Nkr3.63 Billion 18.27% 3.66x $2.06 Billion
Cadeler As (CADLR) $325.26 Million 2.29% 0.31x $2.36 Billion
DOF Group ASA (DOFG) $1.77 Billion 10.05% 1.13x $3.56 Billion
Endur ASA (ENDUR) $184.34 Million -206.43% 4.10x $609.09 Million
Goodtech (GOD) $-10.51 Million 0.00% 0.00x $35.31 Million
Multiconsult AS (MULTI) $773.62 Million 32.21% 2.51x $459.89 Million
Norconsult ASA (NORCO) $2.26 Billion 20.12% 1.78x $1.28 Billion
Sentia Asa (SNTIA) $676.00 Million 26.04% 6.66x $78.01K
Veidekke ASA (VEI) $3.85 Billion 28.39% 4.31x $2.65 Billion

About AF Gruppen ASA

OL:AFG Norway Engineering & Construction
Market Cap
$2.06 Billion
Nkr19.61 Billion NOK
Market Cap Rank
#6135 Global
#42 in Norway
Share Price
Nkr178.20
Change (1 day)
+1.37%
52-Week Range
Nkr145.00 - Nkr191.00
All Time High
Nkr191.00
Categories
Companies in Norway Engineering & Construction
About

AF Gruppen ASA, a contracting and industrial company, provides civil engineering, construction, energy and environment, and property and offshore services in Norway and Sweden. It offers civil engineering services, including construction of various projects, such as roads, railways, bridges, port facilities, airports, tunnels, foundation work, renovation and construction of concrete structures, p… Read more