BlueNord ASA (BNOR) - Net Assets

Latest as of March 2026: Nkr453.60 Million NOK ≈ $47.73 Million USD

Based on the latest financial reports, BlueNord ASA (BNOR) has net assets worth Nkr453.60 Million NOK (≈ $47.73 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.50 Billion ≈ $368.78 Million USD) and total liabilities (Nkr3.05 Billion ≈ $321.05 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. Explore cash efficiency ratio of BlueNord ASA to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr453.60 Million
% of Total Assets 12.94%
Annual Growth Rate 35.02%
5-Year Change 41.62%
10-Year Change N/A
Growth Volatility 50.88

BlueNord ASA - Net Assets Trend (2016–2025)

This chart illustrates how BlueNord ASA's net assets have evolved over time, based on quarterly financial data. Also explore BlueNord ASA balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for BlueNord ASA (2016–2025)

The table below shows the annual net assets of BlueNord ASA from 2016 to 2025. For live valuation and market cap data, see BNOR market cap.

Year Net Assets Change
2025-12-31 Nkr753.70 Million
≈ $79.31 Million		 +8.35%
2024-12-31 Nkr695.60 Million
≈ $73.20 Million		 -14.50%
2023-12-31 Nkr813.60 Million
≈ $85.61 Million		 +22.47%
2022-12-31 Nkr664.30 Million
≈ $69.90 Million		 +24.82%
2021-12-31 Nkr532.20 Million
≈ $56.00 Million		 -15.66%
2020-12-31 Nkr631.00 Million
≈ $66.40 Million		 +6.95%
2019-12-31 Nkr590.00 Million
≈ $62.08 Million		 +9933.33%
2018-12-31 Nkr-6.00 Million
≈ $-631.37K		 -134.94%
2017-12-31 Nkr17.17 Million
≈ $1.81 Million		 -66.03%
2016-12-31 Nkr50.55 Million
≈ $5.32 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 2025)

Component Amount Percentage
Common Stock Nkr1.60 Million 0.21%
Other Components Nkr752.10 Million 99.79%
Total Equity Nkr753.70 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
Med Life SA
RO:M
 $1.43 Billion
Isiklar Enerji ve Yapi Holding AS
IS:IEYHO
 $1.43 Billion
Origin Bancorp, Inc.
NYSE:OBK
 $1.43 Billion
Cogeco Communications Inc
TO:CCA
 $1.43 Billion
The Wendy’s Co
NASDAQ:WEN
 $1.43 Billion
Blackrock Innovation & Growth Trust
NYSE:BIGZ
 $1.43 Billion
RONESANS GAYRIMENKUL YAT.
IS:RGYAS
 $1.42 Billion
Engineers India Limited
NSE:ENGINERSIN
 $1.42 Billion

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 2024 to 2025, total equity changed from 695,600,000 to 753,700,000, a change of 58,100,000 (8.4%).
  • Net income of 97,500,000 contributed positively to equity growth.
  • Dividend payments of 341,000,000 reduced retained earnings.
  • Share repurchases of 50,000,000 reduced equity.
  • Other comprehensive income increased equity by 93,300,000.
  • Other factors increased equity by 258,300,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Nkr97.50 Million +12.94%
Dividends Paid Nkr341.00 Million -45.24%
Share Repurchases Nkr50.00 Million -6.63%
Other Comprehensive Income Nkr93.30 Million +12.38%
Other Changes Nkr258.30 Million +34.27%
Total Change Nkr- 8.35%

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: 17.98x
  • 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 76.48x to 17.98x 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 Nkr530.00 x
2017-12-31 Nkr2.41 Nkr530.00 x
2018-12-31 Nkr-0.83 Nkr530.00 x
2019-12-31 Nkr34.03 Nkr530.00 x
2020-12-31 Nkr17.97 Nkr530.00 x
2021-12-31 Nkr22.07 Nkr530.00 x
2022-12-31 Nkr26.57 Nkr530.00 x
2023-12-31 Nkr26.05 Nkr530.00 x
2024-12-31 Nkr21.72 Nkr530.00 x
2025-12-31 Nkr29.48 Nkr530.00 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): 12.94%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.38%
  • • Asset Turnover: 0.31x
  • • Equity Multiplier: 4.40x
  • Recent ROE (12.94%) is above the historical average (-11.37%), 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
2025 12.94% 9.38% 0.31x 4.40x Nkr22.13 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: $1,916,148,778
  • Average return on equity (ROE) among peers: 10.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
BlueNord ASA (BNOR) Nkr453.60 Million 66.36% 6.73x $1.43 Billion
Aker BP ASA (AKRBP) $12.43 Billion 12.90% 2.02x $22.14 Billion
BW Energy Ltd (BWE) $400.00K 25.00% 6.25x $1.60 Billion
Dno ASA (DNO) $1.33 Billion -1.90% 3.52x $1.86 Billion
Interoil Exploration and Production ASA (IOX) $-61.23 Million 0.00% 0.00x $4.83 Million
Okea ASA (OKEA) $1.46 Billion 9.63% 5.88x $404.02 Million
Panoro Energy ASA (PEN) $192.10 Million -24.89% 0.92x $433.12 Million
Petronor E&P Ltd (PNOR) $109.92 Million 24.60% 0.68x $254.96 Million
Var Energi ASA (VAR) $1.77 Billion 34.51% 9.91x $12.06 Billion
Zenith Energy Ltd (ZENA) $23.80 Million 14.81% 4.02x $51.17 Million

About BlueNord ASA

OL:BNOR Norway Oil & Gas E&P
Market Cap
$1.43 Billion
Nkr13.55 Billion NOK
Market Cap Rank
#7639 Global
#59 in Norway
Share Price
Nkr530.00
Change (1 day)
-3.64%
52-Week Range
Nkr400.00 - Nkr640.00
All Time High
Nkr709.00
Categories
Companies in Norway Oil & Gas E&P
About

BlueNord ASA, an oil and gas company, produces and develops resources that support the energy transition towards net zero. It is involved in the exploration and oil and gas infrastructure activities. The company's asset portfolio includes the Dan, Halfdan, Gorm, and Tyra hubs; and producing fields on the Danish continental shelf. The company was formerly known as Norwegian Energy Company ASA and … Read more