DOF Group ASA (DOFG) - Net Assets
Based on the latest financial reports, DOF Group ASA (DOFG) has net assets worth Nkr1.86 Billion NOK (≈ $195.83 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.76 Billion ≈ $395.77 Million USD) and total liabilities (Nkr1.90 Billion ≈ $199.93 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 how resilient are DOF Group ASA's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.86 Billion |
| % of Total Assets | 49.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 56.47 |
DOF Group ASA - Net Assets Trend (2020–2024)
This chart illustrates how DOF Group ASA's net assets have evolved over time, based on quarterly financial data. Also explore DOF Group ASA balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for DOF Group ASA (2020–2024)
The table below shows the annual net assets of DOF Group ASA from 2020 to 2024. For live valuation and market cap data, see DOF Group ASA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.77 Billion ≈ $186.47 Million |
+71.28% |
| 2023-12-31 | Nkr1.03 Billion ≈ $108.87 Million |
+184.22% |
| 2022-12-31 | Nkr364.00 Million ≈ $38.30 Million |
+160.47% |
| 2021-12-31 | Nkr-602.00 Million ≈ $-63.35 Million |
-349.25% |
| 2020-12-31 | Nkr-134.00 Million ≈ $-14.10 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to DOF 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 grown by 141400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr550.00 Million | 31.04% |
| Common Stock | Nkr58.00 Million | 3.27% |
| Other Components | Nkr1.16 Billion | 65.69% |
| Total Equity | Nkr1.77 Billion | 100.00% |
DOF Group ASA Competitors by Market Cap
The table below lists competitors of DOF Group ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Box Inc
NYSE:BOX
|
$3.53 Billion |
|
Constellium SE
F:3OK
|
$3.53 Billion |
|
K.P.R. Mill Limited
NSE:KPRMILL
|
$3.53 Billion |
|
Zhongshan Broad-Ocean Motor Co Ltd
SHE:002249
|
$3.53 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$3.53 Billion |
|
GEK TERNA Holdings Real Estate Construction S.A
AT:GEKTERNA
|
$3.53 Billion |
|
NovaGold Resources Inc
TO:NG
|
$3.53 Billion |
|
HARBOUR ENE.SP.ADR LS-50
F:PQQ2
|
$3.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DOF Group ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,025,230,079 to 1,772,000,000, a change of 746,769,921 (72.8%).
- Net income of 178,000,000 contributed positively to equity growth.
- Dividend payments of 1,000,000 reduced retained earnings.
- Share repurchases of 74,000,000 reduced equity.
- Other factors increased equity by 643,769,921.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr178.00 Million | +10.05% |
| Dividends Paid | Nkr1.00 Million | -0.06% |
| Share Repurchases | Nkr74.00 Million | -4.18% |
| Other Changes | Nkr643.77 Million | +36.33% |
| Total Change | Nkr- | 72.84% |
Book Value vs Market Value Analysis
This analysis compares DOF 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: 18.93x
- 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 |
|---|---|---|---|
| 2020-12-31 | Nkr-1.57 | Nkr136.20 | x |
| 2021-12-31 | Nkr-4.38 | Nkr136.20 | x |
| 2022-12-31 | Nkr1.79 | Nkr136.20 | x |
| 2023-12-31 | Nkr6.10 | Nkr136.20 | x |
| 2024-12-31 | Nkr7.20 | Nkr136.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DOF 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.85%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.13x
- Recent ROE (10.05%) is below the historical average (71.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -72.52% | 0.32x | 0.00x | Nkr-4.49 Billion |
| 2021 | 0.00% | -9.88% | 0.33x | 0.00x | Nkr-557.70 Million |
| 2022 | 305.65% | 9.34% | 0.42x | 78.81x | Nkr836.70 Million |
| 2023 | 39.70% | 34.70% | 0.44x | 2.62x | Nkr304.44 Million |
| 2024 | 10.05% | 12.85% | 0.37x | 2.13x | Nkr800.00K |
Industry Comparison
This section compares DOF Group ASA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,266,088,125
- Average return on equity (ROE) among peers: -8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DOF Group ASA (DOFG) | Nkr1.86 Billion | 0.00% | 1.02x | $3.53 Billion |
| AF Gruppen ASA (AFG) | $2.08 Billion | 29.90% | 2.72x | $2.02 Billion |
| Cadeler As (CADLR) | $325.26 Million | 2.29% | 0.31x | $2.49 Billion |
| Endur ASA (ENDUR) | $184.34 Million | -206.43% | 4.10x | $625.00 Million |
| Goodtech (GOD) | $-10.51 Million | 0.00% | 0.00x | $35.15 Million |
| Multiconsult AS (MULTI) | $773.62 Million | 32.21% | 2.51x | $465.69 Million |
| Norconsult ASA (NORCO) | $2.26 Billion | 20.12% | 1.78x | $1.21 Billion |
| Sentia Asa (SNTIA) | $676.00 Million | 26.04% | 6.66x | $78.85K |
| Veidekke ASA (VEI) | $3.85 Billion | 28.39% | 4.31x | $2.53 Billion |
About DOF Group ASA
DOF Group ASA owns and operates a fleet of offshore and subsea vessels. The company operates through DOF Subsea Group, DOF Denmark, DOF Rederi & Iceman, Norskan Offshore, and Corporate segments. It operates a fleet of platform supply vessels (PSVs) that are used to transport freight to/from offshore platforms; anchor handling tug support (AHTS) vessels; Construction Support Vessels (CSV); Remote … Read more