Biofish Holding AS
Biofish Holding AS produces and sells smolt for the salmon farming industry. The company was founded in 2016 and is based in Tørvikbygd, Norway.
Biofish Holding AS (BFISH) - Net Assets
Latest net assets as of March 2025: Nkr193.69 Million NOK
Based on the latest financial reports, Biofish Holding AS (BFISH) has net assets worth Nkr193.69 Million NOK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr278.64 Million) and total liabilities (Nkr84.95 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr193.69 Million |
| % of Total Assets | 69.51% |
| Annual Growth Rate | 50.46% |
| 5-Year Change | 797.69% |
| 10-Year Change | N/A |
| Growth Volatility | 224.25 |
Biofish Holding AS - Net Assets Trend (2017–2024)
This chart illustrates how Biofish Holding AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Biofish Holding AS (2017–2024)
The table below shows the annual net assets of Biofish Holding AS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr188.21 Million | -3.30% |
| 2023-12-31 | Nkr194.63 Million | +35.66% |
| 2022-12-31 | Nkr143.47 Million | -9.40% |
| 2021-12-31 | Nkr158.36 Million | +655.33% |
| 2020-12-31 | Nkr20.97 Million | +48.15% |
| 2019-12-31 | Nkr14.15 Million | +18.73% |
| 2018-12-31 | Nkr11.92 Million | +10.60% |
| 2017-12-31 | Nkr10.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Biofish Holding 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr110.28 Million | 58.60% |
| Other Components | Nkr77.93 Million | 41.40% |
| Total Equity | Nkr188.21 Million | 100.00% |
Biofish Holding AS Competitors by Market Cap
The table below lists competitors of Biofish Holding AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iconovo
ST:ICO
|
$5.15 Million |
|
Kanger International Bhd
KLSE:0170
|
$5.15 Million |
|
Rubicon Technology Inc
PINK:RBCN
|
$5.15 Million |
|
Tira Austenite Tbk
JK:TIRA
|
$5.15 Million |
|
Mountain Valley MD Holdings Inc
OTCQB:MVMDF
|
$5.14 Million |
|
IBC Advanced Alloys Corp
OTCQB:IAALF
|
$5.14 Million |
|
Melewar Industrial Group Bhd
KLSE:3778
|
$5.14 Million |
|
GT Resources Inc.
OTCQB:CGTRF
|
$5.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Biofish Holding AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 194,632,000 to 188,213,000, a change of -6,419,000 (-3.3%).
- Net loss of 31,241,000 reduced equity.
- Share repurchases of 14,295,000 reduced equity.
- New share issuances of 14,295,000 increased equity.
- Other comprehensive income increased equity by 17,694,000.
- Other factors increased equity by 7,128,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-31.24 Million | -16.6% |
| Share Repurchases | Nkr14.29 Million | -7.6% |
| Share Issuances | Nkr14.29 Million | +7.6% |
| Other Comprehensive Income | Nkr17.69 Million | +9.4% |
| Other Changes | Nkr7.13 Million | +3.79% |
| Total Change | Nkr- | -3.30% |
Book Value vs Market Value Analysis
This analysis compares Biofish Holding 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: 1.03x
- 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 3.19x to 1.03x 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 | Nkr0.55 | Nkr1.76 | x |
| 2018-12-31 | Nkr0.61 | Nkr1.76 | x |
| 2019-12-31 | Nkr0.72 | Nkr1.76 | x |
| 2020-12-31 | Nkr1.07 | Nkr1.76 | x |
| 2021-12-31 | Nkr8.11 | Nkr1.76 | x |
| 2022-12-31 | Nkr7.35 | Nkr1.76 | x |
| 2023-12-31 | Nkr2.20 | Nkr1.76 | x |
| 2024-12-31 | Nkr1.71 | Nkr1.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Biofish Holding 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): -16.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -63.90%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.44x
- Recent ROE (-16.60%) is below the historical average (4.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.20% | 21.93% | 0.35x | 1.99x | Nkr559.94K |
| 2018 | 9.59% | 8.99% | 0.13x | 8.15x | Nkr-48.77K |
| 2019 | 17.24% | 13.93% | 0.13x | 9.18x | Nkr1.02 Million |
| 2020 | 32.50% | 22.04% | 0.22x | 6.77x | Nkr4.72 Million |
| 2021 | -3.65% | -31.57% | 0.08x | 1.40x | Nkr-21.62 Million |
| 2022 | -10.38% | -73.56% | 0.09x | 1.53x | Nkr-29.24 Million |
| 2023 | -9.16% | -37.39% | 0.18x | 1.33x | Nkr-37.29 Million |
| 2024 | -16.60% | -63.90% | 0.18x | 1.44x | Nkr-50.06 Million |
Industry Comparison
This section compares Biofish Holding AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $739,782,978
- Average return on equity (ROE) among peers: -12.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Biofish Holding AS (BFISH) | Nkr193.69 Million | 15.20% | 0.44x | $5.15 Million |
| Arctic Fish Holding AS (AFISH) | $340.40 Million | -4.12% | 0.27x | $29.36 Million |
| Andfjord Salmon AS (ANDF) | $323.27 Million | -10.64% | 0.49x | $10.64 Million |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $6.80 Million |
| Gigante Salmon AS (GIGA) | $481.51 Million | 0.15% | 0.37x | $20.70 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $3.01 Million |
| Icelandic Salmon As (ISLAX) | $126.28 Million | 1.87% | 0.35x | $70.73 Million |
| Kingfish Company Nv (KING) | $10.38 Million | -2.85% | 1.01x | $14.08 Million |
| Masoval AS (MAS) | $1.99 Billion | 31.22% | 1.51x | $60.94 Million |
| Norcod As (NCOD) | $30.00K | 0.00% | 0.00x | $13.16 Million |