Dno ASA (DNO) - Net Assets

Latest as of March 2026: Nkr1.33 Billion NOK ≈ $139.67 Million USD

Based on the latest financial reports, Dno ASA (DNO) has net assets worth Nkr1.33 Billion NOK (≈ $139.67 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr6.21 Billion ≈ $653.85 Million USD) and total liabilities (Nkr4.89 Billion ≈ $514.18 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 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr1.33 Billion
% of Total Assets	21.36%
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. See Dno ASA (DNO) defensive interval to measure how many days the company can operate on defensive assets alone.

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	--

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%
Common Stock	Nkr32.90 Million	2.48%
Other Components	Nkr701.10 Million	52.77%
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
Coty Inc NYSE:COTY	$1.80 Billion
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A SHG:688190	$1.81 Billion
Century Plyboards (India) Limited NSE:CENTURYPLY	$1.81 Billion
City Holding Company NASDAQ:CHCO	$1.81 Billion
Outokumpu Oyj HE:OUT1V	$1.80 Billion
Enerpac Tool Group Corp NYSE:EPAC	$1.80 Billion
Xgd Inc SHE:300130	$1.80 Billion
UFP Technologies Inc NASDAQ:UFPT	$1.80 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: 12.90x
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 142.98x to 12.90x 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	Nkr17.58	x
2003-12-31	Nkr0.15	Nkr17.58	x
2004-12-31	Nkr0.11	Nkr17.58	x
2005-12-31	Nkr0.16	Nkr17.58	x
2006-12-31	Nkr0.13	Nkr17.58	x
2007-12-31	Nkr0.50	Nkr17.58	x
2008-12-31	Nkr0.34	Nkr17.58	x
2009-12-31	Nkr0.32	Nkr17.58	x
2010-12-31	Nkr0.40	Nkr17.58	x
2011-12-31	Nkr0.39	Nkr17.58	x
2012-12-31	Nkr0.71	Nkr17.58	x
2013-12-31	Nkr0.75	Nkr17.58	x
2014-12-31	Nkr0.53	Nkr17.58	x
2015-12-31	Nkr0.41	Nkr17.58	x
2016-12-31	Nkr0.37	Nkr17.58	x
2017-12-31	Nkr0.83	Nkr17.58	x
2018-12-31	Nkr1.16	Nkr17.58	x
2019-12-31	Nkr1.12	Nkr17.58	x
2020-12-31	Nkr0.87	Nkr17.58	x
2021-12-31	Nkr0.01	Nkr17.58	x
2022-12-31	Nkr0.01	Nkr17.58	x
2023-12-31	Nkr1.27	Nkr17.58	x
2024-12-31	Nkr1.11	Nkr17.58	x
2025-12-31	Nkr1.36	Nkr17.58	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: $867,503,333
Average return on equity (ROE) among peers: 9.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Dno ASA (DNO)	Nkr1.33 Billion	6.24%	3.68x	$1.80 Billion
Aker BP ASA (AKRBP)	$2.99 Billion	9.19%	3.02x	$21.36 Billion
BlueNord ASA (BNOR)	$631.00 Million	2.69%	3.69x	$1.45 Billion
BW Energy Ltd (BWE)	$697.60 Million	11.61%	1.49x	$1.49 Billion
Interoil Exploration and Production ASA (IOX)	$-63.34 Million	0.00%	0.00x	$4.26 Million
Okea ASA (OKEA)	$1.71 Billion	35.31%	6.24x	$384.89 Million
Panoro Energy ASA (PEN)	$236.04 Million	14.14%	1.59x	$410.18 Million
Petronor E&P Ltd (PNOR)	$35.63 Million	-37.51%	1.33x	$170.17 Million
Var Energi ASA (VAR)	$1.48 Billion	63.20%	11.69x	$11.56 Billion
Zenith Energy Ltd (ZENA)	$91.65 Million	-14.00%	1.87x	$46.59 Million

About Dno ASA

OL:DNO Norway Oil & Gas E&P

Market Cap

$1.80 Billion

Nkr17.14 Billion NOK

Market Cap Rank

#6650 Global

#47 in Norway

Share Price

Nkr17.58

Change (1 day)

-6.04%

52-Week Range

Nkr12.49 - Nkr21.92

All Time High

Nkr21.92