Atlantic Sapphire As (ASA) - Net Assets
Based on the latest financial reports, Atlantic Sapphire As (ASA) has net assets worth Nkr164.61 Million NOK (≈ $17.32 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr246.78 Million ≈ $25.97 Million USD) and total liabilities (Nkr82.17 Million ≈ $8.65 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 Atlantic Sapphire As's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr164.61 Million |
| % of Total Assets | 66.7% |
| Annual Growth Rate | 53.83% |
| 5-Year Change | -20.6% |
| 10-Year Change | N/A |
| Growth Volatility | 377.79 |
Atlantic Sapphire As - Net Assets Trend (2016–2024)
This chart illustrates how Atlantic Sapphire As's net assets have evolved over time, based on quarterly financial data. Also explore Atlantic Sapphire As asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Atlantic Sapphire As (2016–2024)
The table below shows the annual net assets of Atlantic Sapphire As from 2016 to 2024. For live valuation and market cap data, see Atlantic Sapphire As stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr202.83 Million ≈ $21.34 Million |
-28.36% |
| 2023-12-31 | Nkr283.14 Million ≈ $29.79 Million |
-4.47% |
| 2022-12-31 | Nkr296.38 Million ≈ $31.19 Million |
+23.72% |
| 2021-12-31 | Nkr239.56 Million ≈ $25.21 Million |
-6.23% |
| 2020-12-31 | Nkr255.46 Million ≈ $26.88 Million |
+22.42% |
| 2019-12-31 | Nkr208.68 Million ≈ $21.96 Million |
+51.83% |
| 2018-12-31 | Nkr137.44 Million ≈ $14.46 Million |
+69.04% |
| 2017-12-31 | Nkr81.31 Million ≈ $8.56 Million |
+1157.07% |
| 2016-12-31 | Nkr6.47 Million ≈ $680.62K |
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Equity Component Analysis
This analysis shows how different components contribute to Atlantic Sapphire 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 57649919800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr38.11 Million | 18.79% |
| Other Comprehensive Income | Nkr-5.35 Million | -2.64% |
| Other Components | Nkr751.56 Million | 370.53% |
| Total Equity | Nkr202.83 Million | 100.00% |
Atlantic Sapphire As Competitors by Market Cap
The table below lists competitors of Atlantic Sapphire As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Techcential International Ltd
TWO:6616
|
$11.05 Million |
|
Gaxos.ai Inc
NASDAQ:GXAI
|
$11.06 Million |
|
ZIGUP plc
LSE:ZIG
|
$11.06 Million |
|
Vyome Holdings, Inc.
NASDAQ:HIND
|
$11.06 Million |
|
Idealist Gayrimenkul Yatirim Ortakligi AS
IS:IDGYO
|
$11.05 Million |
|
Osia Hyper Retail Limited
NSE:OSIAHYPER
|
$11.05 Million |
|
Invesco Asia Dragon Trust plc
LSE:IAD
|
$11.04 Million |
|
RomReal Limited
OL:ROM
|
$11.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atlantic Sapphire As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 283,140,000 to 202,832,000, a change of -80,308,000 (-28.4%).
- Net loss of 167,321,000 reduced equity.
- Share repurchases of 89,596,000 reduced equity.
- New share issuances of 89,596,000 increased equity.
- Other comprehensive income decreased equity by 2,582,999.
- Other factors increased equity by 89,595,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-167.32 Million | -82.49% |
| Share Repurchases | Nkr89.60 Million | -44.17% |
| Share Issuances | Nkr89.60 Million | +44.17% |
| Other Comprehensive Income | Nkr-2.58 Million | -1.27% |
| Other Changes | Nkr89.60 Million | +44.17% |
| Total Change | Nkr- | -28.36% |
Book Value vs Market Value Analysis
This analysis compares Atlantic Sapphire 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: 0.68x
- 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 4.45x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr0.66 | Nkr2.93 | x |
| 2017-12-31 | Nkr6.63 | Nkr2.93 | x |
| 2018-12-31 | Nkr4.59 | Nkr2.93 | x |
| 2019-12-31 | Nkr3.06 | Nkr2.93 | x |
| 2020-12-31 | Nkr3.75 | Nkr2.93 | x |
| 2021-12-31 | Nkr4.82 | Nkr2.93 | x |
| 2022-12-31 | Nkr4.28 | Nkr2.93 | x |
| 2023-12-31 | Nkr13.88 | Nkr2.93 | x |
| 2024-12-31 | Nkr4.34 | Nkr2.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atlantic Sapphire 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): -82.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -733.25%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.35x
- Recent ROE (-82.49%) is below the historical average (-32.83%), 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 | -44.08% | -138.06% | 0.17x | 1.90x | Nkr-3.49 Million |
| 2017 | -8.12% | -432.20% | 0.02x | 1.12x | Nkr-14.73 Million |
| 2018 | -8.29% | -2369.85% | 0.00x | 1.11x | Nkr-25.14 Million |
| 2019 | -6.30% | -237.40% | 0.02x | 1.21x | Nkr-34.02 Million |
| 2020 | -21.61% | -880.27% | 0.02x | 1.26x | Nkr-80.74 Million |
| 2021 | -55.43% | -787.95% | 0.05x | 1.30x | Nkr-156.73 Million |
| 2022 | -21.93% | -342.97% | 0.05x | 1.21x | Nkr-94.64 Million |
| 2023 | -47.24% | -955.76% | 0.04x | 1.21x | Nkr-162.07 Million |
| 2024 | -82.49% | -733.25% | 0.08x | 1.35x | Nkr-187.60 Million |
Industry Comparison
This section compares Atlantic Sapphire As's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,317,642,634
- Average return on equity (ROE) among peers: -1.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlantic Sapphire As (ASA) | Nkr164.61 Million | -44.08% | 0.50x | $11.05 Million |
| Andfjord Salmon AS (ANDF) | $993.69 Million | -7.02% | 0.22x | $276.76 Million |
| Austevoll Seafood ASA (AUSS) | $22.99 Billion | 3.58% | 0.73x | $1.98 Billion |
| P/f Bakkafrost (BAKKA) | $1.67 Billion | 35.38% | 0.87x | $2.88 Billion |
| Barramundi Group Ltd (BARRA) | $29.85 Million | -29.51% | 2.44x | $14.30 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $83.71 Million | -38.66% | 0.10x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $165.80 Million |
| Grieg Seafood ASA (GSF) | $1.51 Billion | -9.73% | 1.69x | $428.51 Million |
| Ice Fish Farm AS (IFISH) | $2.28 Billion | -0.25% | 0.61x | $43.74 Million |
About Atlantic Sapphire As
Atlantic Sapphire ASA, together with its subsidiaries, engages in the production and sale of land-based salmon in Denmark and the United States. The company offers its products under the Bluehouse Salmon and Sapphire Salmon brand name. It serves retailers, restaurants, and other customers. The company was incorporated in 2010 and is headquartered in Vikebukt, Norway.