Fjord Defence Group ASA
Fjord Defence Group ASA, a defence compounder, acquires and develops companies in the defence, security, and related segments. The company operates through the Defence and Seismic segments. It operates in Norway, Sweden, Denmark, Finland, Estonia, Latvia, Lituania, the United Kingdom, Germany, France, Poland, the rest of Europe, and the United States. The company was formerly known as Aquila Hold… Read more
Fjord Defence Group ASA (DFENS) - Net Assets
Latest net assets as of September 2025: Nkr506.27 Million NOK
Based on the latest financial reports, Fjord Defence Group ASA (DFENS) has net assets worth Nkr506.27 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr595.19 Million) and total liabilities (Nkr88.92 Million). 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 | Nkr506.27 Million |
| % of Total Assets | 85.06% |
| Annual Growth Rate | -13.0% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.5 |
Fjord Defence Group ASA - Net Assets Trend (2021–2024)
This chart illustrates how Fjord Defence Group 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 Fjord Defence Group ASA (2021–2024)
The table below shows the annual net assets of Fjord Defence Group ASA from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr271.27 Million | -29.09% |
| 2023-12-31 | Nkr382.58 Million | -20.00% |
| 2022-12-31 | Nkr478.24 Million | +16.07% |
| 2021-12-31 | Nkr412.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fjord Defence Group 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 50811770700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr797.20 Million | 293.88% |
| Total Equity | Nkr271.27 Million | 100.00% |
Fjord Defence Group ASA Competitors by Market Cap
The table below lists competitors of Fjord Defence Group ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ROULARTA MEDIA GRP NV
F:O94
|
$29.21 Million |
|
NFiniTi inc.
PINK:NFTN
|
$29.22 Million |
|
Lucky Royal Co., Ltd.
TW:7791
|
$29.23 Million |
|
SG Capital PCL
BK:SGC
|
$29.23 Million |
|
MAAT PHARMA S.A. EO-1
F:4RD
|
$29.19 Million |
|
Fermentalg S.A.
LSE:0QTJ
|
$29.19 Million |
|
TVS Electronics Limited
NSE:TVSELECT
|
$29.19 Million |
|
CMUV Bancorp
OTCQB:CMUV
|
$29.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fjord Defence Group ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 382,576,132 to 271,265,747, a change of -111,310,385 (-29.1%).
- Net loss of 107,607,064 reduced equity.
- Share repurchases of 3,713,357 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-107.61 Million | -39.67% |
| Share Repurchases | Nkr3.71 Million | -1.37% |
| Other Changes | Nkr10.04K | +0.0% |
| Total Change | Nkr- | -29.09% |
Book Value vs Market Value Analysis
This analysis compares Fjord Defence Group 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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.73x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | Nkr20.62 | Nkr15.15 | x |
| 2022-12-31 | Nkr24.47 | Nkr15.15 | x |
| 2023-12-31 | Nkr20.33 | Nkr15.15 | x |
| 2024-12-31 | Nkr15.09 | Nkr15.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fjord Defence Group 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): -39.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -273.94%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.06x
- Recent ROE (-39.67%) is below the historical average (-7.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 29.83% | 88.11% | 0.29x | 1.17x | Nkr81.72 Million |
| 2022 | 2.93% | 19.23% | 0.14x | 1.11x | Nkr-33.81 Million |
| 2023 | -21.21% | -98.17% | 0.19x | 1.15x | Nkr-119.41 Million |
| 2024 | -39.67% | -273.94% | 0.14x | 1.06x | Nkr-134.73 Million |
Industry Comparison
This section compares Fjord Defence Group ASA's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $266,109
- Average return on equity (ROE) among peers: -117.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fjord Defence Group ASA (DFENS) | Nkr506.27 Million | 29.83% | 0.18x | $29.21 Million |
| Nordic Unmanned As (NUMND) | $266.11K | -117.94% | 4.14x | $1.14 Million |