Argeo AS (ARGEO) - Net Assets
Based on the latest financial reports, Argeo AS (ARGEO) has net assets worth Nkr42.04 Million NOK (≈ $4.42 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 (Nkr99.22 Million ≈ $10.44 Million USD) and total liabilities (Nkr57.18 Million ≈ $6.02 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. Also explore ARGEO asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr42.04 Million |
| % of Total Assets | 42.37% |
| Annual Growth Rate | 33.98% |
| 5-Year Change | 430.77% |
| 10-Year Change | N/A |
| Growth Volatility | 856.85 |
Argeo AS - Net Assets Trend (2018–2024)
This chart illustrates how Argeo AS's net assets have evolved over time, based on quarterly financial data. Check Argeo AS tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Argeo AS (2018–2024)
The table below shows the annual net assets of Argeo AS from 2018 to 2024. For live valuation and market cap data, see Argeo AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr32.92 Million ≈ $3.46 Million |
-20.70% |
| 2023-12-31 | Nkr41.52 Million ≈ $4.37 Million |
-78.04% |
| 2022-12-31 | Nkr189.11 Million ≈ $19.90 Million |
+27.73% |
| 2021-12-31 | Nkr148.05 Million ≈ $15.58 Million |
+2286.72% |
| 2020-12-31 | Nkr6.20 Million ≈ $652.75K |
+47.78% |
| 2019-12-31 | Nkr4.20 Million ≈ $441.71K |
-26.23% |
| 2018-12-31 | Nkr5.69 Million ≈ $598.75K |
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Equity Component Analysis
This analysis shows how different components contribute to Argeo 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 grown by 273454800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr2.58 Million | 7.84% |
| Common Stock | Nkr2.16 Million | 6.57% |
| Other Components | Nkr28.18 Million | 85.59% |
| Total Equity | Nkr32.92 Million | 100.00% |
Argeo AS Competitors by Market Cap
The table below lists competitors of Argeo AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enlivex Therapeutics Ltd
TA:ENLV
|
$2.98 Million |
|
TRU PRECIOUS METALS CORP.
F:706
|
$2.98 Million |
|
Baillie Gifford UK Growth Fund PLC
LSE:BGUK
|
$2.98 Million |
|
Lavoro Limited Class A Ordinary Shares
NASDAQ:LVRO
|
$2.99 Million |
|
MOBA Network publ AB
ST:MOBA
|
$2.98 Million |
|
Schroder UK Mid Cap Fund PLC
LSE:SCP
|
$2.98 Million |
|
EDENVILLE ENERGY PLC-01
F:UZH0
|
$2.98 Million |
|
Saferoads Holdings Ltd
AU:SRH
|
$2.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Argeo AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,519,649 to 32,924,000, a change of -8,595,649 (-20.7%).
- Net loss of 6,939,000 reduced equity.
- Share repurchases of 6,783,000 reduced equity.
- New share issuances of 6,783,000 increased equity.
- Other factors decreased equity by 1,656,649.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-6.94 Million | -21.08% |
| Share Repurchases | Nkr6.78 Million | -20.6% |
| Share Issuances | Nkr6.78 Million | +20.6% |
| Other Changes | Nkr-1.66 Million | -5.03% |
| Total Change | Nkr- | -20.70% |
Book Value vs Market Value Analysis
This analysis compares Argeo 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: 0.60x
- 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 2.16x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr0.21 | Nkr0.45 | x |
| 2019-12-31 | Nkr0.15 | Nkr0.45 | x |
| 2020-12-31 | Nkr0.23 | Nkr0.45 | x |
| 2021-12-31 | Nkr5.40 | Nkr0.45 | x |
| 2022-12-31 | Nkr3.34 | Nkr0.45 | x |
| 2023-12-31 | Nkr1.07 | Nkr0.45 | x |
| 2024-12-31 | Nkr0.74 | Nkr0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Argeo 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): -21.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.97%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 3.01x
- Recent ROE (-21.08%) is below the historical average (-9.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.74% | 0.00% | 0.00x | 1.00x | Nkr-668.17K |
| 2019 | 20.00% | 33.63% | 0.44x | 1.36x | Nkr419.77K |
| 2020 | 32.33% | 16.85% | 0.43x | 4.51x | Nkr1.39 Million |
| 2021 | -12.23% | -117.83% | 0.09x | 1.13x | Nkr-32.92 Million |
| 2022 | -40.34% | -227.77% | 0.10x | 1.83x | Nkr-95.21 Million |
| 2023 | -40.79% | -167.24% | 0.15x | 1.65x | Nkr-21.09 Million |
| 2024 | -21.08% | -12.97% | 0.54x | 3.01x | Nkr-10.23 Million |
Industry Comparison
This section compares Argeo AS's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,897,231,778
- Average return on equity (ROE) among peers: -0.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Argeo AS (ARGEO) | Nkr42.04 Million | -1.74% | 1.36x | $2.98 Million |
| Akastor ASA (AKAST) | $3.67 Billion | -15.84% | 1.49x | $362.53 Million |
| Aker Solutions ASA (AKSO) | $18.95 Billion | 61.40% | 1.18x | $2.12 Billion |
| BW Offshore Ltd (BWO) | $920.90 Million | -0.96% | 1.60x | $835.23 Million |
| Eidesvik Offshore ASA (EIOF) | $1.46 Billion | -37.95% | 2.48x | $117.12 Million |
| Electromagnetic Geoservices ASA (EMGS) | $15.97 Million | 94.15% | 5.61x | $2.62 Million |
| Edda Wind ASA (EWIND) | $63.18 Million | 4.77% | 1.40x | $308.89 Million |
| Prosafe SE (PRS) | $715.30 Million | -7.07% | 2.06x | $166.94 Million |
| Petrolia SE (PSE) | $48.83 Million | -109.60% | 0.89x | $37.27 Million |
| Reach Subsea (REACH) | $233.85 Million | 10.69% | 1.10x | $168.59 Million |
About Argeo AS
Argeo ASA provides technical solutions and services to the surveying and inspection industry across Norway, Africa, Asia, North and South America, and Europe. The company offers a range of services, including geophysical, hydrographical, route, environmental, ultra-high-resolution photo, and shallow-water USV survey services. It also provides inspection services, such as pipeline inspection, cath… Read more