Borregaard ASA (BRG) - Net Assets

Latest as of December 2025: Nkr5.88 Billion NOK ≈ $618.53 Million USD

Based on the latest financial reports, Borregaard ASA (BRG) has net assets worth Nkr5.88 Billion NOK (≈ $618.53 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr9.67 Billion ≈ $1.02 Billion USD) and total liabilities (Nkr3.79 Billion ≈ $399.03 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 BRG tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr5.88 Billion
% of Total Assets	60.79%
Annual Growth Rate	9.61%
5-Year Change	36.51%
10-Year Change	116.66%
Growth Volatility	15.63

Borregaard ASA - Net Assets Trend (2009–2025)

This chart illustrates how Borregaard ASA's net assets have evolved over time, based on quarterly financial data. See BRG defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Borregaard ASA (2009–2025)

The table below shows the annual net assets of Borregaard ASA from 2009 to 2025. For live valuation and market cap data, see Borregaard ASA (BRG) total market value.

Year	Net Assets	Change
2025-12-31	Nkr5.88 Billion ≈ $618.53 Million	+15.48%
2024-12-31	Nkr5.09 Billion ≈ $535.61 Million	+4.00%
2023-12-31	Nkr4.89 Billion ≈ $514.99 Million	+10.10%
2022-12-31	Nkr4.45 Billion ≈ $467.74 Million	+3.23%
2021-12-31	Nkr4.31 Billion ≈ $453.12 Million	+13.98%
2020-12-31	Nkr3.78 Billion ≈ $397.55 Million	+9.06%
2019-12-31	Nkr3.46 Billion ≈ $364.51 Million	+4.31%
2018-12-31	Nkr3.32 Billion ≈ $349.46 Million	+10.85%
2017-12-31	Nkr3.00 Billion ≈ $315.27 Million	+10.43%
2016-12-31	Nkr2.71 Billion ≈ $285.49 Million	+31.64%
2015-12-31	Nkr2.06 Billion ≈ $216.88 Million	+5.75%
2014-12-31	Nkr1.95 Billion ≈ $205.09 Million	+5.01%
2013-12-31	Nkr1.86 Billion ≈ $195.30 Million	+6.85%
2012-12-31	Nkr1.74 Billion ≈ $182.78 Million	+54.67%
2011-12-31	Nkr1.12 Billion ≈ $118.17 Million	+10.75%
2010-12-31	Nkr1.01 Billion ≈ $106.70 Million	-25.17%
2009-12-31	Nkr1.35 Billion ≈ $142.59 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Borregaard 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
Other Components	Nkr5.85 Billion	100.00%
Total Equity	Nkr5.85 Billion	100.00%

Borregaard ASA Competitors by Market Cap

The table below lists competitors of Borregaard ASA ranked by their market capitalization.

Company	Market Cap
Indo Tambangraya Megah Tbk JK:ITMG	$1.46 Billion
Vinati Organics Limited NSE:VINATIORGA	$1.46 Billion
uniQure N.V F:UQ1	$1.46 Billion
KCE Electronics Public Company Limited BK:KCE	$1.46 Billion
Hebei Sailhero Environmental SHE:300137	$1.46 Billion
Azad Engineering Limited NSE:AZAD	$1.46 Billion
SLC Agrícola S.A SA:SLCE3	$1.46 Billion
Uniqure NV NASDAQ:QURE	$1.46 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Borregaard ASA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,041,000,000 to 5,853,000,000, a change of 812,000,000 (16.1%).
Net income of 620,000,000 contributed positively to equity growth.
Dividend payments of 424,000,000 reduced retained earnings.
Share repurchases of 30,000,000 reduced equity.
New share issuances of 48,000,000 increased equity.
Other comprehensive income increased equity by 364,000,000.
Other factors increased equity by 234,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr620.00 Million	+10.59%
Dividends Paid	Nkr424.00 Million	-7.24%
Share Repurchases	Nkr30.00 Million	-0.51%
Share Issuances	Nkr48.00 Million	+0.82%
Other Comprehensive Income	Nkr364.00 Million	+6.22%
Other Changes	Nkr234.00 Million	+4.0%
Total Change	Nkr-	16.11%

Book Value vs Market Value Analysis

This analysis compares Borregaard 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: 2.37x
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 10.43x to 2.37x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	Nkr13.35	Nkr139.20	x
2010-12-31	Nkr9.98	Nkr139.20	x
2011-12-31	Nkr11.09	Nkr139.20	x
2012-12-31	Nkr17.26	Nkr139.20	x
2013-12-31	Nkr18.47	Nkr139.20	x
2014-12-31	Nkr19.41	Nkr139.20	x
2015-12-31	Nkr20.56	Nkr139.20	x
2016-12-31	Nkr26.79	Nkr139.20	x
2017-12-31	Nkr28.89	Nkr139.20	x
2018-12-31	Nkr31.23	Nkr139.20	x
2019-12-31	Nkr33.18	Nkr139.20	x
2020-12-31	Nkr36.79	Nkr139.20	x
2021-12-31	Nkr42.35	Nkr139.20	x
2022-12-31	Nkr43.96	Nkr139.20	x
2023-12-31	Nkr48.59	Nkr139.20	x
2024-12-31	Nkr50.53	Nkr139.20	x
2025-12-31	Nkr58.69	Nkr139.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Borregaard 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): 10.59%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.04%
• Asset Turnover: 0.80x
• Equity Multiplier: 1.65x
Recent ROE (10.59%) is below the historical average (16.97%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	10.41%	4.11%	0.98x	2.57x	Nkr5.50 Million
2010	18.04%	5.20%	0.97x	3.57x	Nkr80.20 Million
2011	28.58%	8.23%	1.04x	3.34x	Nkr206.10 Million
2012	15.82%	6.93%	1.11x	2.05x	Nkr100.40 Million
2013	18.14%	8.38%	1.16x	1.86x	Nkr150.30 Million
2014	17.21%	8.48%	1.05x	1.93x	Nkr139.90 Million
2015	18.77%	9.27%	1.00x	2.03x	Nkr180.40 Million
2016	20.72%	12.36%	0.96x	1.74x	Nkr287.10 Million
2017	19.59%	12.26%	0.87x	1.85x	Nkr277.10 Million
2018	15.24%	9.95%	0.80x	1.91x	Nkr163.70 Million
2019	12.61%	8.24%	0.75x	2.04x	Nkr86.40 Million
2020	11.89%	8.18%	0.76x	1.91x	Nkr69.20 Million
2021	16.39%	11.92%	0.81x	1.70x	Nkr269.80 Million
2022	20.30%	12.96%	0.85x	1.85x	Nkr452.60 Million
2023	17.92%	12.39%	0.77x	1.88x	Nkr384.50 Million
2024	16.33%	10.97%	0.78x	1.90x	Nkr318.90 Million
2025	10.59%	8.04%	0.80x	1.65x	Nkr34.70 Million

Industry Comparison

This section compares Borregaard ASA's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

Industry: Specialty Chemicals
Average net assets among peers: $4,269,502,667
Average return on equity (ROE) among peers: -22.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Borregaard ASA (BRG)	Nkr5.88 Billion	10.41%	0.65x	$1.46 Billion
Bergen Carbon Solutions A/S (BCS)	$145.97 Million	-27.91%	0.13x	$15.02 Million
Elkem ASA (ELK)	$12.64 Billion	1.89%	1.44x	$2.27 Billion
Tekna Holding AS (TEKNA)	$26.54 Million	-41.59%	1.75x	$95.74 Million

About Borregaard ASA

OL:BRG Norway Specialty Chemicals

Market Cap

$1.46 Billion

Nkr13.88 Billion NOK

Market Cap Rank

#7463 Global

#58 in Norway

Share Price

Nkr139.20

Change (1 day)

-0.14%

52-Week Range

Nkr139.20 - Nkr211.50

All Time High

Nkr219.97