Dno ASA (DNO) - Net Assets
Based on the latest financial reports, Dno ASA (DNO) has net assets worth Nkr1.33 Billion NOK (≈ $139.80 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 (Nkr6.00 Billion ≈ $631.19 Million USD) and total liabilities (Nkr4.67 Billion ≈ $491.40 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 Dno ASA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.33 Billion |
| % of Total Assets | 22.15% |
| Annual Growth Rate | 2.07% |
| 5-Year Change | 30.4% |
| 10-Year Change | 230.47% |
| Growth Volatility | 68.06 |
Dno ASA - Net Assets Trend (2000–2025)
This chart illustrates how Dno ASA's net assets have evolved over time, based on quarterly financial data. Also explore Dno ASA (DNO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Dno ASA (2000–2025)
The table below shows the annual net assets of Dno ASA from 2000 to 2025. For live valuation and market cap data, see Dno ASA (DNO) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr1.33 Billion ≈ $139.80 Million |
+23.01% |
| 2024-12-31 | Nkr1.08 Billion ≈ $113.65 Million |
-12.54% |
| 2023-12-31 | Nkr1.23 Billion ≈ $129.94 Million |
-9.83% |
| 2022-12-31 | Nkr1.37 Billion ≈ $144.10 Million |
+34.41% |
| 2021-12-31 | Nkr1.02 Billion ≈ $107.21 Million |
+20.48% |
| 2020-12-31 | Nkr845.60 Million ≈ $88.98 Million |
-27.19% |
| 2019-12-31 | Nkr1.16 Billion ≈ $122.20 Million |
-4.64% |
| 2018-12-31 | Nkr1.22 Billion ≈ $128.15 Million |
+39.03% |
| 2017-12-31 | Nkr875.90 Million ≈ $92.17 Million |
+117.89% |
| 2016-12-31 | Nkr402.00 Million ≈ $42.30 Million |
-7.82% |
| 2015-12-31 | Nkr436.10 Million ≈ $45.89 Million |
-18.15% |
| 2014-12-31 | Nkr532.80 Million ≈ $56.07 Million |
-29.78% |
| 2013-12-31 | Nkr758.78 Million ≈ $79.85 Million |
+5.56% |
| 2012-12-31 | Nkr718.82 Million ≈ $75.64 Million |
+98.85% |
| 2011-12-31 | Nkr361.50 Million ≈ $38.04 Million |
+0.76% |
| 2010-12-31 | Nkr358.76 Million ≈ $37.75 Million |
+31.69% |
| 2009-12-31 | Nkr272.43 Million ≈ $28.67 Million |
-10.48% |
| 2008-12-31 | Nkr304.31 Million ≈ $32.02 Million |
-31.70% |
| 2007-12-31 | Nkr445.55 Million ≈ $46.89 Million |
+282.83% |
| 2006-12-31 | Nkr116.39 Million ≈ $12.25 Million |
-18.87% |
| 2005-12-31 | Nkr143.46 Million ≈ $15.10 Million |
+49.04% |
| 2004-12-31 | Nkr96.25 Million ≈ $10.13 Million |
-34.51% |
| 2003-12-31 | Nkr146.97 Million ≈ $15.47 Million |
+13.24% |
| 2002-12-31 | Nkr129.78 Million ≈ $13.66 Million |
-86.22% |
| 2001-12-31 | Nkr941.69 Million ≈ $99.09 Million |
+18.19% |
| 2000-12-31 | Nkr796.73 Million ≈ $83.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dno 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 grown by 198.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr594.50 Million | 44.75% |
| Other Components | Nkr734.00 Million | 55.25% |
| Total Equity | Nkr1.33 Billion | 100.00% |
Dno ASA Competitors by Market Cap
The table below lists competitors of Dno ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orbia Advance Corporation S.A.B. de C.V
F:4FZ
|
$2.03 Billion |
|
Huntsman Corporation
NYSE:HUN
|
$2.04 Billion |
|
Guangdong Topstar Technology Co Ltd
SHE:300607
|
$2.04 Billion |
|
Digi International Inc
NASDAQ:DGII
|
$2.04 Billion |
|
Wangfujing
SHG:600859
|
$2.03 Billion |
|
Avanti Feeds Limited
NSE:AVANTIFEED
|
$2.03 Billion |
|
Remy Cointreau
PA:RCO
|
$2.03 Billion |
|
Suzhou Shijia Science & Technology Inc
SHE:002796
|
$2.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dno ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,080,000,000 to 1,328,500,000, a change of 248,500,000 (23.0%).
- Net loss of 25,200,000 reduced equity.
- Dividend payments of 151,200,000 reduced retained earnings.
- Other factors increased equity by 424,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-25.20 Million | -1.9% |
| Dividends Paid | Nkr151.20 Million | -11.38% |
| Other Changes | Nkr424.90 Million | +31.98% |
| Total Change | Nkr- | 23.01% |
Book Value vs Market Value Analysis
This analysis compares Dno 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: 14.55x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 161.28x to 14.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr0.12 | Nkr19.83 | x |
| 2003-12-31 | Nkr0.15 | Nkr19.83 | x |
| 2004-12-31 | Nkr0.11 | Nkr19.83 | x |
| 2005-12-31 | Nkr0.16 | Nkr19.83 | x |
| 2006-12-31 | Nkr0.13 | Nkr19.83 | x |
| 2007-12-31 | Nkr0.50 | Nkr19.83 | x |
| 2008-12-31 | Nkr0.34 | Nkr19.83 | x |
| 2009-12-31 | Nkr0.32 | Nkr19.83 | x |
| 2010-12-31 | Nkr0.40 | Nkr19.83 | x |
| 2011-12-31 | Nkr0.39 | Nkr19.83 | x |
| 2012-12-31 | Nkr0.71 | Nkr19.83 | x |
| 2013-12-31 | Nkr0.75 | Nkr19.83 | x |
| 2014-12-31 | Nkr0.53 | Nkr19.83 | x |
| 2015-12-31 | Nkr0.41 | Nkr19.83 | x |
| 2016-12-31 | Nkr0.37 | Nkr19.83 | x |
| 2017-12-31 | Nkr0.83 | Nkr19.83 | x |
| 2018-12-31 | Nkr1.16 | Nkr19.83 | x |
| 2019-12-31 | Nkr1.12 | Nkr19.83 | x |
| 2020-12-31 | Nkr0.87 | Nkr19.83 | x |
| 2021-12-31 | Nkr0.01 | Nkr19.83 | x |
| 2022-12-31 | Nkr0.01 | Nkr19.83 | x |
| 2023-12-31 | Nkr1.27 | Nkr19.83 | x |
| 2024-12-31 | Nkr1.11 | Nkr19.83 | x |
| 2025-12-31 | Nkr1.36 | Nkr19.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dno 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): -1.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.71%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.52x
- Recent ROE (-1.90%) is below the historical average (4.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.24% | 7.50% | 0.41x | 2.00x | Nkr-29.95 Million |
| 2001 | 14.25% | 11.59% | 0.49x | 2.50x | Nkr40.01 Million |
| 2002 | -8.56% | -4.53% | 0.83x | 2.28x | Nkr-24.00 Million |
| 2003 | 10.94% | 5.34% | 0.79x | 2.61x | Nkr1.38 Million |
| 2004 | 34.54% | 12.11% | 1.24x | 2.29x | Nkr23.62 Million |
| 2005 | 30.91% | 37.72% | 0.27x | 3.08x | Nkr29.99 Million |
| 2006 | 8.43% | 4.58% | 0.41x | 4.55x | Nkr-1.82 Million |
| 2007 | 41.46% | 76.16% | 0.26x | 2.08x | Nkr140.16 Million |
| 2008 | -42.60% | -65.68% | 0.27x | 2.42x | Nkr-160.06 Million |
| 2009 | -17.08% | -31.02% | 0.20x | 2.78x | Nkr-73.77 Million |
| 2010 | -13.41% | -22.60% | 0.23x | 2.56x | Nkr-84.00 Million |
| 2011 | 30.27% | 31.55% | 0.41x | 2.33x | Nkr73.29 Million |
| 2012 | 25.90% | 36.58% | 0.39x | 1.83x | Nkr114.32 Million |
| 2013 | 2.75% | 4.28% | 0.37x | 1.76x | Nkr-55.01 Million |
| 2014 | -42.44% | -50.02% | 0.41x | 2.07x | Nkr-279.38 Million |
| 2015 | -48.68% | -113.29% | 0.19x | 2.31x | Nkr-255.91 Million |
| 2016 | -8.78% | -17.49% | 0.21x | 2.41x | Nkr-75.50 Million |
| 2017 | 56.51% | 142.49% | 0.25x | 1.62x | Nkr407.41 Million |
| 2018 | 29.09% | 42.72% | 0.41x | 1.65x | Nkr232.52 Million |
| 2019 | 6.33% | 7.57% | 0.30x | 2.82x | Nkr-42.63 Million |
| 2020 | -33.82% | -46.51% | 0.23x | 3.20x | Nkr-370.56 Million |
| 2021 | 20.01% | 20.31% | 0.34x | 2.89x | Nkr102.02 Million |
| 2022 | 28.11% | 27.95% | 0.49x | 2.05x | Nkr247.96 Million |
| 2023 | 1.51% | 2.79% | 0.25x | 2.14x | Nkr-104.88 Million |
| 2024 | -2.51% | -4.06% | 0.22x | 2.75x | Nkr-135.10 Million |
| 2025 | -1.90% | -1.71% | 0.25x | 4.52x | Nkr-158.05 Million |
Industry Comparison
This section compares Dno ASA's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $808,653,111
- Average return on equity (ROE) among peers: 11.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dno ASA (DNO) | Nkr1.33 Billion | 6.24% | 3.52x | $2.03 Billion |
| Aker BP ASA (AKRBP) | $2.99 Billion | 9.19% | 3.02x | $23.97 Billion |
| BlueNord ASA (BNOR) | $-6.00 Million | 0.00% | 0.00x | $1.58 Billion |
| BW Energy Ltd (BWE) | $569.20 Million | 9.14% | 0.68x | $1.57 Billion |
| Interoil Exploration and Production ASA (IOX) | $-48.45 Million | 0.00% | 0.00x | $8.05 Million |
| Okea ASA (OKEA) | $1.68 Billion | -4.23% | 5.53x | $428.63 Million |
| Panoro Energy ASA (PEN) | $72.69 Million | 14.02% | 1.10x | $457.37 Million |
| Petronor E&P Ltd (PNOR) | $186.75 Million | 36.32% | 0.28x | $217.81 Million |
| Var Energi ASA (VAR) | $1.77 Billion | 34.51% | 9.91x | $12.33 Billion |
| Zenith Energy Ltd (ZENA) | $65.63 Million | 1.66% | 1.51x | $55.26 Million |
About Dno ASA
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields located in the Kurdistan; and approximately 9% interest in Côte d'Ivoire's Block CI-27 located in West Africa. It also holds licenses in reservoirs, including in the Cretaceous, Jurassi… Read more