P/f Bakkafrost (BAKKA) - Net Assets
Based on the latest financial reports, P/f Bakkafrost (BAKKA) has net assets worth Nkr11.04 Billion NOK (≈ $1.16 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr19.03 Billion ≈ $2.00 Billion USD) and total liabilities (Nkr7.99 Billion ≈ $840.31 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 P/f Bakkafrost tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr11.04 Billion |
| % of Total Assets | 58.03% |
| Annual Growth Rate | 33.31% |
| 5-Year Change | 18.15% |
| 10-Year Change | 211.18% |
| Growth Volatility | 50.97 |
P/f Bakkafrost - Net Assets Trend (2004–2025)
This chart illustrates how P/f Bakkafrost's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of P/f Bakkafrost to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for P/f Bakkafrost (2004–2025)
The table below shows the annual net assets of P/f Bakkafrost from 2004 to 2025. For live valuation and market cap data, see BAKKA company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr11.04 Billion ≈ $1.16 Billion |
-1.01% |
| 2024-12-31 | Nkr11.16 Billion ≈ $1.17 Billion |
+2.68% |
| 2023-12-31 | Nkr10.87 Billion ≈ $1.14 Billion |
+4.56% |
| 2022-12-31 | Nkr10.39 Billion ≈ $1.09 Billion |
+11.18% |
| 2021-12-31 | Nkr9.35 Billion ≈ $983.63 Million |
+7.08% |
| 2020-12-31 | Nkr8.73 Billion ≈ $918.59 Million |
+2.74% |
| 2019-12-31 | Nkr8.50 Billion ≈ $894.12 Million |
+108.41% |
| 2018-12-31 | Nkr4.08 Billion ≈ $429.02 Million |
+12.43% |
| 2017-12-31 | Nkr3.63 Billion ≈ $381.60 Million |
+2.18% |
| 2016-12-31 | Nkr3.55 Billion ≈ $373.46 Million |
+37.53% |
| 2015-12-31 | Nkr2.58 Billion ≈ $271.54 Million |
+25.04% |
| 2014-12-31 | Nkr2.06 Billion ≈ $217.16 Million |
+23.92% |
| 2013-12-31 | Nkr1.67 Billion ≈ $175.24 Million |
+31.86% |
| 2012-12-31 | Nkr1.26 Billion ≈ $132.89 Million |
+19.03% |
| 2011-12-31 | Nkr1.06 Billion ≈ $111.65 Million |
+17.59% |
| 2010-12-31 | Nkr902.29 Million ≈ $94.95 Million |
+132.02% |
| 2009-12-31 | Nkr388.89 Million ≈ $40.92 Million |
+69.49% |
| 2008-12-31 | Nkr229.44 Million ≈ $24.14 Million |
+19.93% |
| 2007-12-31 | Nkr191.31 Million ≈ $20.13 Million |
+11.57% |
| 2006-12-31 | Nkr171.48 Million ≈ $18.04 Million |
+1600.50% |
| 2005-12-31 | Nkr-11.43 Million ≈ $-1.20 Million |
-143.34% |
| 2004-12-31 | Nkr26.37 Million ≈ $2.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to P/f Bakkafrost'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 24516.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr6.33 Billion | 57.37% |
| Common Stock | Nkr59.39 Million | 0.54% |
| Other Components | Nkr4.65 Billion | 42.09% |
| Total Equity | Nkr11.04 Billion | 100.00% |
P/f Bakkafrost Competitors by Market Cap
The table below lists competitors of P/f Bakkafrost ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boyd Group Services Inc.
NYSE:BGSI
|
$2.69 Billion |
|
Vidrala SA
MC:VID
|
$2.69 Billion |
|
ArcBest Corp
NASDAQ:ARCB
|
$2.69 Billion |
|
CCC S.A.
WAR:CCC
|
$2.69 Billion |
|
Warby Parker Inc
NYSE:WRBY
|
$2.69 Billion |
|
Gold Road Resources Ltd
AU:GOR
|
$2.69 Billion |
|
Viscofan
MC:VIS
|
$2.69 Billion |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P/f Bakkafrost's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,165,415,000 to 11,042,141,000, a change of -123,274,000 (-1.1%).
- Net income of 530,166,000 contributed positively to equity growth.
- Dividend payments of 500,521,000 reduced retained earnings.
- Share repurchases of 12,134,000 reduced equity.
- New share issuances of 27,340,000 increased equity.
- Other factors decreased equity by 168,125,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr530.17 Million | +4.8% |
| Dividends Paid | Nkr500.52 Million | -4.53% |
| Share Repurchases | Nkr12.13 Million | -0.11% |
| Share Issuances | Nkr27.34 Million | +0.25% |
| Other Changes | Nkr-168.12 Million | -1.52% |
| Total Change | Nkr- | -1.10% |
Book Value vs Market Value Analysis
This analysis compares P/f Bakkafrost'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: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Nkr-0.32 | Nkr431.40 | x |
| 2006-12-31 | Nkr4.90 | Nkr431.40 | x |
| 2007-12-31 | Nkr5.46 | Nkr431.40 | x |
| 2008-12-31 | Nkr6.55 | Nkr431.40 | x |
| 2009-12-31 | Nkr11.11 | Nkr431.40 | x |
| 2010-12-31 | Nkr18.76 | Nkr431.40 | x |
| 2011-12-31 | Nkr20.98 | Nkr431.40 | x |
| 2012-12-31 | Nkr25.81 | Nkr431.40 | x |
| 2013-12-31 | Nkr34.06 | Nkr431.40 | x |
| 2014-12-31 | Nkr42.48 | Nkr431.40 | x |
| 2015-12-31 | Nkr53.08 | Nkr431.40 | x |
| 2016-12-31 | Nkr72.96 | Nkr431.40 | x |
| 2017-12-31 | Nkr74.50 | Nkr431.40 | x |
| 2018-12-31 | Nkr83.69 | Nkr431.40 | x |
| 2019-12-31 | Nkr161.34 | Nkr431.40 | x |
| 2020-12-31 | Nkr147.73 | Nkr431.40 | x |
| 2021-12-31 | Nkr158.19 | Nkr431.40 | x |
| 2022-12-31 | Nkr175.85 | Nkr431.40 | x |
| 2023-12-31 | Nkr183.46 | Nkr431.40 | x |
| 2024-12-31 | Nkr188.28 | Nkr431.40 | x |
| 2025-12-31 | Nkr186.26 | Nkr431.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P/f Bakkafrost 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): 4.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.57%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.72x
- Recent ROE (4.80%) is below the historical average (18.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | -16.74% | 1.13x | 0.00x | Nkr-9.62 Million |
| 2006 | 12.57% | 10.85% | 0.55x | 2.10x | Nkr4.40 Million |
| 2007 | 12.98% | 10.82% | 0.49x | 2.46x | Nkr5.70 Million |
| 2008 | 16.18% | 10.15% | 0.68x | 2.35x | Nkr14.18 Million |
| 2009 | 38.24% | 24.93% | 0.96x | 1.60x | Nkr109.84 Million |
| 2010 | 28.78% | 31.66% | 0.69x | 1.31x | Nkr169.48 Million |
| 2011 | 31.51% | 24.48% | 0.57x | 2.24x | Nkr220.77 Million |
| 2012 | 22.28% | 15.16% | 0.72x | 2.04x | Nkr155.05 Million |
| 2013 | 35.38% | 23.65% | 0.80x | 1.87x | Nkr422.69 Million |
| 2014 | 31.36% | 24.12% | 0.77x | 1.68x | Nkr440.74 Million |
| 2015 | 31.40% | 28.42% | 0.73x | 1.52x | Nkr552.13 Million |
| 2016 | 37.73% | 41.81% | 0.59x | 1.53x | Nkr983.98 Million |
| 2017 | 14.10% | 13.56% | 0.73x | 1.42x | Nkr148.76 Million |
| 2018 | 23.55% | 30.22% | 0.55x | 1.42x | Nkr552.59 Million |
| 2019 | 9.73% | 17.96% | 0.34x | 1.57x | Nkr-22.66 Million |
| 2020 | 5.30% | 9.95% | 0.35x | 1.51x | Nkr-410.10 Million |
| 2021 | 10.31% | 17.36% | 0.38x | 1.56x | Nkr29.31 Million |
| 2022 | 12.94% | 18.87% | 0.42x | 1.62x | Nkr305.87 Million |
| 2023 | 8.80% | 13.38% | 0.40x | 1.64x | Nkr-130.71 Million |
| 2024 | 5.88% | 8.95% | 0.42x | 1.58x | Nkr-459.94 Million |
| 2025 | 4.80% | 7.57% | 0.37x | 1.72x | Nkr-574.05 Million |
Industry Comparison
This section compares P/f Bakkafrost's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,518,258,082
- Average return on equity (ROE) among peers: -20.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| P/f Bakkafrost (BAKKA) | Nkr11.04 Billion | 0.00% | 0.72x | $2.69 Billion |
| Andfjord Salmon AS (ANDF) | $354.14 Million | -5.42% | 0.11x | $270.72 Million |
| Atlantic Sapphire As (ASA) | $202.83 Million | -82.49% | 0.35x | $3.94 Million |
| Austevoll Seafood ASA (AUSS) | $23.33 Billion | 9.42% | 0.71x | $1.81 Billion |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $12.83 Million |
| Biofish Holding AS (BFISH) | $143.47 Million | -10.38% | 0.53x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $87.05 Million | 6.89% | 0.25x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $274.12 Million | 1.00% | 0.06x | $129.76 Million |
| Grieg Seafood ASA (GSF) | $3.88 Billion | 25.04% | 1.10x | $351.74 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $63.81 Million |
About P/f Bakkafrost
P/F Bakkafrost, together with its subsidiaries, engages in the production and sale of salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally. The company operates through seven segments: Fishmeal, Fish Oil and Fish Feed; Freshwater Faroe Islands; Freshwater Scotland; Farming Faroe Islands; Farming Scotland; Services; and Sales & Other. Its products include fre… Read more