BlueNord ASA
BlueNord ASA, an oil and gas company, engages in the production and development of resources that support the energy transition towards net zero in Norway, Denmark, the Netherlands, and the United Kingdom. The company is involved in the exploration and oil and gas infrastructure activities. Its asset portfolio includes the Dan, Halfdan, Gorm, and Tyra hubs; and producing fields on the Danish cont… Read more
BlueNord ASA (BNOR) - Net Assets
Latest net assets as of September 2025: Nkr4.89 Billion NOK
Based on the latest financial reports, BlueNord ASA (BNOR) has net assets worth Nkr4.89 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr32.22 Billion) and total liabilities (Nkr27.32 Billion). 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 | Nkr4.89 Billion |
| % of Total Assets | 15.19% |
| Annual Growth Rate | 38.78% |
| 5-Year Change | 10.24% |
| 10-Year Change | N/A |
| Growth Volatility | 53.08 |
BlueNord ASA - Net Assets Trend (2016–2024)
This chart illustrates how BlueNord ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BlueNord ASA (2016–2024)
The table below shows the annual net assets of BlueNord ASA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr695.60 Million | -14.50% |
| 2023-12-31 | Nkr813.60 Million | +22.47% |
| 2022-12-31 | Nkr664.30 Million | +24.82% |
| 2021-12-31 | Nkr532.20 Million | -15.66% |
| 2020-12-31 | Nkr631.00 Million | +6.95% |
| 2019-12-31 | Nkr590.00 Million | +9933.33% |
| 2018-12-31 | Nkr-6.00 Million | -134.94% |
| 2017-12-31 | Nkr17.17 Million | -66.03% |
| 2016-12-31 | Nkr50.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlueNord ASA'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.70 Million | 0.24% |
| Other Comprehensive Income | Nkr-93.30 Million | -13.41% |
| Other Components | Nkr787.20 Million | 113.17% |
| Total Equity | Nkr695.60 Million | 100.00% |
BlueNord ASA Competitors by Market Cap
The table below lists competitors of BlueNord ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yinbang Clad Material
SHE:300337
|
$827.05 Million |
|
Xintec
TWO:3374
|
$827.07 Million |
|
Mercantile Bank Corporation
NASDAQ:MBWM
|
$827.69 Million |
|
Asia Optical Co Inc
TW:3019
|
$827.87 Million |
|
Osotspa Public Company Limited
OTCGREY:OSOPF
|
$826.68 Million |
|
La Comer S.A.B. de C.V
PINK:LCMRF
|
$826.63 Million |
|
SAF-Holland SE
PINK:SFHLF
|
$826.28 Million |
|
KYB CORPORATION
F:60V
|
$826.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlueNord ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 813,600,000 to 695,600,000, a change of -118,000,000 (-14.5%).
- Net loss of 70,800,000 reduced equity.
- Share repurchases of 5,700,000 reduced equity.
- New share issuances of 5,700,000 increased equity.
- Other comprehensive income decreased equity by 93,300,000.
- Other factors increased equity by 46,100,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-70.80 Million | -10.18% |
| Share Repurchases | Nkr5.70 Million | -0.82% |
| Share Issuances | Nkr5.70 Million | +0.82% |
| Other Comprehensive Income | Nkr-93.30 Million | -13.41% |
| Other Changes | Nkr46.10 Million | +6.63% |
| Total Change | Nkr- | -14.50% |
Book Value vs Market Value Analysis
This analysis compares BlueNord ASA'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: 26.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 84.27x to 26.88x 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 | Nkr6.93 | Nkr584.00 | x |
| 2017-12-31 | Nkr2.41 | Nkr584.00 | x |
| 2018-12-31 | Nkr-0.83 | Nkr584.00 | x |
| 2019-12-31 | Nkr34.03 | Nkr584.00 | x |
| 2020-12-31 | Nkr17.97 | Nkr584.00 | x |
| 2021-12-31 | Nkr22.07 | Nkr584.00 | x |
| 2022-12-31 | Nkr26.57 | Nkr584.00 | x |
| 2023-12-31 | Nkr26.05 | Nkr584.00 | x |
| 2024-12-31 | Nkr21.72 | Nkr584.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlueNord ASA 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): -10.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.08%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.98x
- Recent ROE (-10.18%) is above the historical average (-14.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 66.36% | 2636.36% | 0.01x | 3.71x | Nkr28.49 Million |
| 2017 | -224.11% | -3160.00% | 0.01x | 6.52x | Nkr-40.20 Million |
| 2018 | 0.00% | -850.00% | 0.02x | 0.00x | Nkr-16.40 Million |
| 2019 | 36.44% | 64.56% | 0.11x | 4.97x | Nkr156.00 Million |
| 2020 | 2.69% | 3.00% | 0.19x | 4.69x | Nkr-46.10 Million |
| 2021 | -10.00% | -9.41% | 0.18x | 5.88x | Nkr-106.42 Million |
| 2022 | -1.32% | -0.91% | 0.29x | 4.98x | Nkr-75.23 Million |
| 2023 | 13.50% | 13.81% | 0.23x | 4.19x | Nkr28.44 Million |
| 2024 | -10.18% | -10.08% | 0.20x | 4.98x | Nkr-140.36 Million |
Industry Comparison
This section compares BlueNord ASA's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $324,115,551
- Average return on equity (ROE) among peers: -33.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlueNord ASA (BNOR) | Nkr4.89 Billion | 66.36% | 5.58x | $826.93 Million |
| BW Energy Ltd (BWE) | $861.60 Million | 19.25% | 1.29x | $255.09 Million |
| Interoil Exploration and Production ASA (IOX) | $46.95 Million | 0.59% | 1.66x | $1.73 Million |
| Okea ASA (OKEA) | $725.64 Million | -128.90% | 24.49x | $169.34 Million |
| Panoro Energy ASA (PEN) | $54.33 Million | -115.29% | 0.08x | $293.18 Million |
| Petronor E&P Ltd (PNOR) | $26.62 Million | 29.45% | 1.14x | $46.16 Million |
| Seacrest Petroleo BV (SEAPT) | $8.62 Million | -61.09% | 0.43x | $3.79 Million |
| Var Energi ASA (VAR) | $545.05 Million | 23.73% | 7.68x | $3.31 Billion |