Cavendish Hydrogen ASA Net Assets
Cavendish Hydrogen ASA net assets. Based on the latest financial reports, Cavendish Hydrogen ASA (CAVEN) has net assets worth Nkr54.40 Million NOK (≈ $5.72 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr67.10 Million ≈ $7.06 Million USD) and total liabilities (Nkr12.70 Million ≈ $1.34 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. Also explore how fast is Cavendish Hydrogen ASA growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr54.40 Million |
| % of Total Assets | 81.07% |
| Annual Growth Rate | 21.23% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 150.7 |
Net Assets of Cavendish Hydrogen ASA (2020–2024)
Net assets of Cavendish Hydrogen ASA from 2020 to 2024. This chart illustrates how Cavendish Hydrogen ASA's net assets have evolved over time, based on quarterly financial data. See Cavendish Hydrogen ASA (CAVEN) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Cavendish Hydrogen ASA (2020–2024)
The table below shows the annual net assets of Cavendish Hydrogen ASA from 2020 to 2024. For live market cap and overall valuation, see Cavendish Hydrogen ASA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr73.10 Million ≈ $7.69 Million |
+242.18% |
| 2023-12-31 | Nkr21.36 Million ≈ $2.25 Million |
+271.79% |
| 2022-12-31 | Nkr5.75 Million ≈ $604.64K |
-85.18% |
| 2021-12-31 | Nkr38.78 Million ≈ $4.08 Million |
+14.59% |
| 2020-12-31 | Nkr33.85 Million ≈ $3.56 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cavendish Hydrogen 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 2180500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Cavendish Hydrogen ASA Net Assets Breakdown (December 2024)
Cavendish Hydrogen ASA net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr5.90 Million | 8.07% |
| Other Components | Nkr89.00 Million | 121.76% |
| Total Equity | Nkr73.10 Million | 100.00% |
Cavendish Hydrogen ASA Competitors by Market Cap
The table below lists competitors of Cavendish Hydrogen ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Janfusun Fancyworld
TWO:5701
|
$17.57 Million |
|
Simris Alg AB (publ)
ST:SIMRIS-B
|
$17.58 Million |
|
Advanced Connection Corporation Public Company Limited
BK:ACC
|
$17.58 Million |
|
PIL ITALICA LIFESTYLE LIMITED
NSE:PILITA
|
$17.59 Million |
|
Flexion Mobile PLC
ST:FLEXM
|
$17.57 Million |
|
Bellavista Resources Ltd
AU:BVR
|
$17.56 Million |
|
Grand Central Enterprises Bhd
KLSE:5592
|
$17.56 Million |
|
Dogusan Boru Sanayi ve Ticaret AS
IS:DOGUB
|
$17.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cavendish Hydrogen ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,363,000 to 73,100,000, a change of 51,737,000 (242.2%).
- Net loss of 22,700,000 reduced equity.
- Share repurchases of 72,283,000 reduced equity.
- New share issuances of 72,283,000 increased equity.
- Other factors increased equity by 74,437,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-22.70 Million | -31.05% |
| Share Repurchases | Nkr72.28 Million | -98.88% |
| Share Issuances | Nkr72.28 Million | +98.88% |
| Other Changes | Nkr74.44 Million | +101.83% |
| Total Change | Nkr- | 242.18% |
Book Value vs Market Value Analysis
This analysis compares Cavendish Hydrogen 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: 2.30x
- 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 4.33x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Nkr1.15 | Nkr5.00 | x |
| 2022-12-31 | Nkr0.17 | Nkr5.00 | x |
| 2023-12-31 | Nkr0.64 | Nkr5.00 | x |
| 2024-12-31 | Nkr2.18 | Nkr5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cavendish Hydrogen 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): -31.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.23%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.30x
- Recent ROE (-31.05%) is above the historical average (-385.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -63.60% | -79.00% | 0.32x | 2.52x | Nkr-28.54 Million |
| 2022 | -1310.48% | -367.25% | 0.25x | 14.32x | Nkr-75.87 Million |
| 2023 | -135.23% | -100.01% | 0.41x | 3.27x | Nkr-31.03 Million |
| 2024 | -31.05% | -73.23% | 0.33x | 1.30x | Nkr-30.01 Million |
Industry Comparison
This section compares Cavendish Hydrogen ASA's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
No peer company data available for comparison.
About Cavendish Hydrogen ASA
Cavendish Hydrogen ASA, a hydrogen fueling company, engages in development, production, marketing, sale, installation, commissioning, and service of equipment for fueling hydrogen to on-road vehicles in Denmark, the United States, South Korea, and Austria. The company's product includes the H2Station, which consists of various types of hydrogen fueling stations that provide fuel for fuel cell ele… Read more