Andfjord Salmon AS (ANDF) - Net Assets
Based on the latest financial reports, Andfjord Salmon AS (ANDF) has net assets worth Nkr2.13 Billion NOK (≈ $224.41 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 (Nkr4.52 Billion ≈ $475.69 Million USD) and total liabilities (Nkr2.39 Billion ≈ $251.28 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. Check how resilient are Andfjord Salmon AS's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.13 Billion |
| % of Total Assets | 47.18% |
| Annual Growth Rate | 119.83% |
| 5-Year Change | 254.2% |
| 10-Year Change | N/A |
| Growth Volatility | 508.09 |
Andfjord Salmon AS - Net Assets Trend (2017–2024)
This chart illustrates how Andfjord Salmon AS's net assets have evolved over time, based on quarterly financial data. Also explore ANDF asset base for the complete picture of this company's asset base.
Annual Net Assets for Andfjord Salmon AS (2017–2024)
The table below shows the annual net assets of Andfjord Salmon AS from 2017 to 2024. For live valuation and market cap data, see Andfjord Salmon AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.25 Billion ≈ $131.99 Million |
+26.23% |
| 2023-12-31 | Nkr993.69 Million ≈ $104.56 Million |
+108.89% |
| 2022-12-31 | Nkr475.70 Million ≈ $50.06 Million |
+47.15% |
| 2021-12-31 | Nkr323.27 Million ≈ $34.02 Million |
-8.72% |
| 2020-12-31 | Nkr354.14 Million ≈ $37.27 Million |
+141.22% |
| 2019-12-31 | Nkr146.81 Million ≈ $15.45 Million |
+1511.70% |
| 2018-12-31 | Nkr9.11 Million ≈ $958.53K |
+80.24% |
| 2017-12-31 | Nkr5.05 Million ≈ $531.80K |
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Equity Component Analysis
This analysis shows how different components contribute to Andfjord Salmon 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 decreased by 26070136000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr67.62 Million | 5.39% |
| Other Comprehensive Income | Nkr9.56 Million | 0.76% |
| Other Components | Nkr1.44 Billion | 114.82% |
| Total Equity | Nkr1.25 Billion | 100.00% |
Andfjord Salmon AS Competitors by Market Cap
The table below lists competitors of Andfjord Salmon AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Titomic Ltd
AU:TTT
|
$272.74 Million |
|
Afrimat
JSE:AFT
|
$272.74 Million |
|
Clearpoint Neuro Inc
NASDAQ:CLPT
|
$272.79 Million |
|
Wistron Information Technology & Services
TWO:4953
|
$272.82 Million |
|
PARKEN Sport & Entertainment
CO:PARKEN
|
$272.68 Million |
|
Yem Chio Co Ltd
TW:4306
|
$272.59 Million |
|
The Hackett Group Inc
NASDAQ:HCKT
|
$272.59 Million |
|
Middlefield Banc
NASDAQ:MBCN
|
$272.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Andfjord Salmon AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 993,688,000 to 1,254,355,000, a change of 260,667,000 (26.2%).
- Net loss of 67,862,000 reduced equity.
- New share issuances of 326,247,000 increased equity.
- Other comprehensive income increased equity by 2,282,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-67.86 Million | -5.41% |
| Share Issuances | Nkr326.25 Million | +26.01% |
| Other Comprehensive Income | Nkr2.28 Million | +0.18% |
| Total Change | Nkr- | 26.23% |
Book Value vs Market Value Analysis
This analysis compares Andfjord Salmon 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: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 180.30x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.15 | Nkr27.10 | x |
| 2018-12-31 | Nkr0.27 | Nkr27.10 | x |
| 2019-12-31 | Nkr4.37 | Nkr27.10 | x |
| 2020-12-31 | Nkr9.89 | Nkr27.10 | x |
| 2021-12-31 | Nkr4.05 | Nkr27.10 | x |
| 2022-12-31 | Nkr12.42 | Nkr27.10 | x |
| 2023-12-31 | Nkr20.42 | Nkr27.10 | x |
| 2024-12-31 | Nkr19.61 | Nkr27.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Andfjord Salmon 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): -5.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -35716.84%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.91x
- Recent ROE (-5.41%) is above the historical average (-19.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -41.14% | -842.18% | 0.04x | 1.27x | Nkr-2.58 Million |
| 2018 | -68.03% | 0.00% | 0.00x | 1.06x | Nkr-7.11 Million |
| 2019 | -4.36% | -387.58% | 0.01x | 1.03x | Nkr-21.08 Million |
| 2020 | -5.42% | -10609.86% | 0.00x | 1.11x | Nkr-54.60 Million |
| 2021 | -10.64% | 0.00% | 0.00x | 1.49x | Nkr-66.74 Million |
| 2022 | -11.91% | -50156.64% | 0.00x | 1.34x | Nkr-104.25 Million |
| 2023 | -7.02% | -187.20% | 0.03x | 1.22x | Nkr-169.16 Million |
| 2024 | -5.41% | -35716.84% | 0.00x | 1.91x | Nkr-193.30 Million |
Industry Comparison
This section compares Andfjord Salmon AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,038,154,156
- Average return on equity (ROE) among peers: -1.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Andfjord Salmon AS (ANDF) | Nkr2.13 Billion | -41.14% | 1.12x | $272.73 Million |
| Atlantic Sapphire As (ASA) | $137.44 Million | -8.29% | 0.11x | $10.70 Million |
| Austevoll Seafood ASA (AUSS) | $22.99 Billion | 3.58% | 0.73x | $1.91 Billion |
| P/f Bakkafrost (BAKKA) | $2.06 Billion | 31.36% | 0.68x | $2.58 Billion |
| Barramundi Group Ltd (BARRA) | $12.40 Million | 0.00% | 0.74x | $11.63 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $54.54 Million | -56.38% | 0.13x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $162.20 Million |
| Grieg Seafood ASA (GSF) | $1.51 Billion | -9.73% | 1.69x | $380.32 Million |
| Ice Fish Farm AS (IFISH) | $270.46 Million | -11.32% | 0.78x | $46.32 Million |
About Andfjord Salmon AS
Andfjord Salmon Group AS engages in the land-based farming of Atlantic salmon in Norway. The company was formerly known as Andfjord Salmon AS and changed its name to Andfjord Salmon Group AS in May 2024. Andfjord Salmon Group AS was incorporated in 2014 and is headquartered in Dverberg, Norway.