BW Offshore Ltd (BWO) - Net Assets
Based on the latest financial reports, BW Offshore Ltd (BWO) has net assets worth Nkr1.18 Billion NOK (≈ $123.71 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr4.16 Billion ≈ $437.80 Million USD) and total liabilities (Nkr2.98 Billion ≈ $314.10 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 BW Offshore Ltd (BWO) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.18 Billion |
| % of Total Assets | 28.26% |
| Annual Growth Rate | 14.86% |
| 5-Year Change | 26.59% |
| 10-Year Change | 40.56% |
| Growth Volatility | 84.47 |
BW Offshore Ltd - Net Assets Trend (2004–2025)
This chart illustrates how BW Offshore Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see BW Offshore Ltd (BWO) market capitalisation.
Annual Net Assets for BW Offshore Ltd (2004–2025)
The table below shows the annual net assets of BW Offshore Ltd from 2004 to 2025. Also explore BWO net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr1.29 Billion ≈ $136.06 Million |
+3.72% |
| 2024-12-31 | Nkr1.25 Billion ≈ $131.18 Million |
+4.29% |
| 2023-12-31 | Nkr1.20 Billion ≈ $125.78 Million |
+3.84% |
| 2022-12-31 | Nkr1.15 Billion ≈ $121.13 Million |
+12.70% |
| 2021-12-31 | Nkr1.02 Billion ≈ $107.48 Million |
+8.08% |
| 2020-12-31 | Nkr945.00 Million ≈ $99.44 Million |
-35.21% |
| 2019-12-31 | Nkr1.46 Billion ≈ $153.48 Million |
+10.42% |
| 2018-12-31 | Nkr1.32 Billion ≈ $139.00 Million |
+4.88% |
| 2017-12-31 | Nkr1.26 Billion ≈ $132.53 Million |
+36.91% |
| 2016-12-31 | Nkr919.90 Million ≈ $96.80 Million |
-2.59% |
| 2015-12-31 | Nkr944.40 Million ≈ $99.38 Million |
-21.18% |
| 2014-12-31 | Nkr1.20 Billion ≈ $126.07 Million |
+6.58% |
| 2013-12-31 | Nkr1.12 Billion ≈ $118.29 Million |
-0.27% |
| 2012-12-31 | Nkr1.13 Billion ≈ $118.60 Million |
-3.82% |
| 2011-12-31 | Nkr1.17 Billion ≈ $123.32 Million |
-14.81% |
| 2010-12-31 | Nkr1.38 Billion ≈ $144.75 Million |
+49.38% |
| 2009-12-31 | Nkr920.90 Million ≈ $96.91 Million |
-0.27% |
| 2008-12-31 | Nkr923.40 Million ≈ $97.17 Million |
-38.89% |
| 2007-12-31 | Nkr1.51 Billion ≈ $159.01 Million |
+294.13% |
| 2006-12-31 | Nkr383.40 Million ≈ $40.34 Million |
+548.42% |
| 2005-12-31 | Nkr-85.50 Million ≈ $-9.00 Million |
-221.29% |
| 2004-12-31 | Nkr70.49 Million ≈ $7.42 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to BW Offshore Ltd'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 | Nkr92.50 Million | 8.07% |
| Other Components | Nkr1.05 Billion | 91.93% |
| Total Equity | Nkr1.15 Billion | 100.00% |
BW Offshore Ltd Competitors by Market Cap
The table below lists competitors of BW Offshore Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Peakstone Realty Trust
NYSE:PKST
|
$771.78 Million |
|
Ningxia Western Venture Industrial Co Ltd
SHE:000557
|
$772.53 Million |
|
Tigerair Taiwan Co. Ltd.
TW:6757
|
$773.11 Million |
|
Wuhan Huazhong Numerical Control Co Ltd
SHE:300161
|
$773.12 Million |
|
Metals X Limited
F:FG5
|
$771.33 Million |
|
Senvest Capital Inc.
TO:SEC
|
$771.03 Million |
|
Time Publishing and Media Co Ltd Class A
SHG:600551
|
$770.95 Million |
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$770.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BW Offshore Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,089,800,000 to 1,146,400,000, a change of 56,600,000 (5.2%).
- Net income of 134,300,000 contributed positively to equity growth.
- Dividend payments of 87,400,000 reduced retained earnings.
- Share repurchases of 10,300,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other factors increased equity by 19,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr134.30 Million | +11.71% |
| Dividends Paid | Nkr87.40 Million | -7.62% |
| Share Repurchases | Nkr10.30 Million | -0.9% |
| Share Issuances | Nkr1.00 Million | +0.09% |
| Other Changes | Nkr19.00 Million | +1.66% |
| Total Change | Nkr- | 5.19% |
Book Value vs Market Value Analysis
This analysis compares BW Offshore Ltd'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: 6.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Nkr-832.84 | Nkr40.45 | x |
| 2006-12-31 | Nkr32.69 | Nkr40.45 | x |
| 2007-12-31 | Nkr43.39 | Nkr40.45 | x |
| 2008-12-31 | Nkr23.66 | Nkr40.45 | x |
| 2009-12-31 | Nkr23.59 | Nkr40.45 | x |
| 2010-12-31 | Nkr31.66 | Nkr40.45 | x |
| 2011-12-31 | Nkr19.91 | Nkr40.45 | x |
| 2012-12-31 | Nkr19.15 | Nkr40.45 | x |
| 2013-12-31 | Nkr19.10 | Nkr40.45 | x |
| 2014-12-31 | Nkr20.36 | Nkr40.45 | x |
| 2015-12-31 | Nkr68.63 | Nkr40.45 | x |
| 2016-12-31 | Nkr10.20 | Nkr40.45 | x |
| 2017-12-31 | Nkr5.25 | Nkr40.45 | x |
| 2018-12-31 | Nkr5.38 | Nkr40.45 | x |
| 2019-12-31 | Nkr5.93 | Nkr40.45 | x |
| 2020-12-31 | Nkr3.50 | Nkr40.45 | x |
| 2021-12-31 | Nkr3.60 | Nkr40.45 | x |
| 2022-12-31 | Nkr4.45 | Nkr40.45 | x |
| 2023-12-31 | Nkr4.85 | Nkr40.45 | x |
| 2024-12-31 | Nkr6.03 | Nkr40.45 | x |
| 2025-12-31 | Nkr6.33 | Nkr40.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BW Offshore Ltd 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): 11.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.36%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 3.73x
- Recent ROE (11.71%) is above the historical average (-2.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | 5.68% | 0.10x | 0.00x | Nkr11.45 Million |
| 2006 | 1.17% | 4.02% | 0.13x | 2.29x | Nkr-33.84 Million |
| 2007 | 3.61% | 8.24% | 0.22x | 1.98x | Nkr-96.51 Million |
| 2008 | -57.68% | -117.99% | 0.20x | 2.49x | Nkr-624.94 Million |
| 2009 | -0.96% | -2.21% | 0.17x | 2.60x | Nkr-100.89 Million |
| 2010 | 1.70% | 4.26% | 0.15x | 2.67x | Nkr-114.16 Million |
| 2011 | -9.86% | -13.65% | 0.23x | 3.09x | Nkr-232.69 Million |
| 2013 | 7.44% | 8.51% | 0.29x | 2.98x | Nkr-28.81 Million |
| 2014 | 15.62% | 17.49% | 0.29x | 3.06x | Nkr67.39 Million |
| 2015 | -22.90% | -19.52% | 0.32x | 3.64x | Nkr-310.74 Million |
| 2016 | -14.45% | -15.73% | 0.25x | 3.66x | Nkr-224.89 Million |
| 2017 | 4.10% | 6.36% | 0.18x | 3.52x | Nkr-57.35 Million |
| 2018 | 3.36% | 3.85% | 0.25x | 3.43x | Nkr-66.06 Million |
| 2019 | 7.38% | 7.16% | 0.34x | 3.01x | Nkr-29.36 Million |
| 2020 | -41.53% | -34.98% | 0.34x | 3.47x | Nkr-384.65 Million |
| 2021 | 8.09% | 7.55% | 0.28x | 3.89x | Nkr-14.75 Million |
| 2022 | 13.82% | 16.75% | 0.22x | 3.73x | Nkr35.85 Million |
| 2023 | 9.98% | 15.23% | 0.17x | 3.93x | Nkr-160.00K |
| 2024 | 11.07% | 19.88% | 0.15x | 3.71x | Nkr11.62 Million |
| 2025 | 11.71% | 26.36% | 0.12x | 3.73x | Nkr19.66 Million |
Industry Comparison
This section compares BW Offshore Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,475,841,265
- Average return on equity (ROE) among peers: -3.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BW Offshore Ltd (BWO) | Nkr1.18 Billion | 0.00% | 2.54x | $771.35 Million |
| Akastor ASA (AKAST) | $10.35 Billion | 19.41% | 2.87x | $370.56 Million |
| Aker Solutions ASA (AKSO) | $5.89 Billion | 21.72% | 3.65x | $2.13 Billion |
| Argeo AS (ARGEO) | $41.52 Million | -40.79% | 0.65x | $2.98 Million |
| Eidesvik Offshore ASA (EIOF) | $1.52 Billion | 19.44% | 1.22x | $132.10 Million |
| Electromagnetic Geoservices ASA (EMGS) | $82.42 Million | -79.80% | 0.53x | $2.62 Million |
| Edda Wind ASA (EWIND) | $29.65 Million | -6.46% | 2.07x | $308.89 Million |
| Prosafe SE (PRS) | $461.80 Million | 34.21% | 1.98x | $183.45 Million |
| Petrolia SE (PSE) | $40.82 Million | 9.74% | 0.54x | $38.20 Million |
| Reach Subsea (REACH) | $3.85 Billion | -5.90% | 0.05x | $227.08 Million |
About BW Offshore Ltd
BW Offshore Limited engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific. It operates through Floating Production, Storage, and Offloading (FPSO); and Floating Wind segments. The company is involved in the construction, lease, and operation of FPSOs, as well as floating offshore wind. BW Offshore Limited was founded in 1982 and is base… Read more