Borregaard ASA (BRG) - Net Assets
Based on the latest financial reports, Borregaard ASA (BRG) has net assets worth Nkr5.88 Billion NOK 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) and total liabilities (Nkr3.79 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 | 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. Explore and compare other companies by net assets.
Annual Net Assets for Borregaard ASA (2009–2025)
The table below shows the annual net assets of Borregaard ASA from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr5.88 Billion | +15.48% |
| 2024-12-31 | Nkr5.09 Billion | +4.00% |
| 2023-12-31 | Nkr4.89 Billion | +10.10% |
| 2022-12-31 | Nkr4.45 Billion | +3.23% |
| 2021-12-31 | Nkr4.31 Billion | +13.98% |
| 2020-12-31 | Nkr3.78 Billion | +9.06% |
| 2019-12-31 | Nkr3.46 Billion | +4.31% |
| 2018-12-31 | Nkr3.32 Billion | +10.85% |
| 2017-12-31 | Nkr3.00 Billion | +10.43% |
| 2016-12-31 | Nkr2.71 Billion | +31.64% |
| 2015-12-31 | Nkr2.06 Billion | +5.75% |
| 2014-12-31 | Nkr1.95 Billion | +5.01% |
| 2013-12-31 | Nkr1.86 Billion | +6.85% |
| 2012-12-31 | Nkr1.74 Billion | +54.67% |
| 2011-12-31 | Nkr1.12 Billion | +10.75% |
| 2010-12-31 | Nkr1.01 Billion | -25.17% |
| 2009-12-31 | Nkr1.35 Billion | -- |
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 |
|---|---|
|
Shenzhen Urban Transport Planning Center Co. Ltd.
SHE:301091
|
$1.80 Billion |
|
Borusan Mannesmann Boru Sanayi ve Ticaret AS
IS:BRSAN
|
$1.80 Billion |
|
LendingClub Corp
NYSE:LC
|
$1.80 Billion |
|
Visual Photonics Epitaxy Co Ltd
TW:2455
|
$1.80 Billion |
|
SJW Group Common Stock
NYSE:SJW
|
$1.80 Billion |
|
Bursa Malaysia Bhd
KLSE:1818
|
$1.80 Billion |
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
$1.80 Billion |
|
Pacific Shuanglin Bio pharmacy Co Ltd
SHE:000403
|
$1.80 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: 2.92x
- 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 12.82x to 2.92x 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 | Nkr171.20 | x |
| 2010-12-31 | Nkr9.98 | Nkr171.20 | x |
| 2011-12-31 | Nkr11.09 | Nkr171.20 | x |
| 2012-12-31 | Nkr17.26 | Nkr171.20 | x |
| 2013-12-31 | Nkr18.47 | Nkr171.20 | x |
| 2014-12-31 | Nkr19.41 | Nkr171.20 | x |
| 2015-12-31 | Nkr20.56 | Nkr171.20 | x |
| 2016-12-31 | Nkr26.79 | Nkr171.20 | x |
| 2017-12-31 | Nkr28.89 | Nkr171.20 | x |
| 2018-12-31 | Nkr31.23 | Nkr171.20 | x |
| 2019-12-31 | Nkr33.18 | Nkr171.20 | x |
| 2020-12-31 | Nkr36.79 | Nkr171.20 | x |
| 2021-12-31 | Nkr42.35 | Nkr171.20 | x |
| 2022-12-31 | Nkr43.96 | Nkr171.20 | x |
| 2023-12-31 | Nkr48.59 | Nkr171.20 | x |
| 2024-12-31 | Nkr50.53 | Nkr171.20 | x |
| 2025-12-31 | Nkr58.69 | Nkr171.20 | 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: $2,060,541,483
- Average return on equity (ROE) among peers: -69.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Borregaard ASA (BRG) | Nkr5.88 Billion | 10.41% | 0.65x | $1.80 Billion |
| Bergen Carbon Solutions A/S (BCS) | $10.23 Million | -53.05% | 0.32x | $15.33 Million |
| Elkem ASA (ELK) | $6.17 Billion | 13.00% | 1.35x | $1.90 Billion |
| Tekna Holding AS (TEKNA) | $4.35 Million | -169.79% | 9.69x | $90.96 Million |
About Borregaard ASA
Borregaard ASA engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The company develops, produces, and sells biopolymers and biovanillin for agrochemicals, batteries, industrial binders, and construct… Read more