DOF Group ASA (DOFG) - Net Assets
Based on the latest financial reports, DOF Group ASA (DOFG) has net assets worth Nkr2.05 Billion NOK (≈ $215.61 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 (Nkr4.21 Billion ≈ $443.22 Million USD) and total liabilities (Nkr2.16 Billion ≈ $227.61 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 DOF Group ASA tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.05 Billion |
| % of Total Assets | 48.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 70.24 |
DOF Group ASA - Net Assets Trend (2020–2025)
This chart illustrates how DOF Group ASA's net assets have evolved over time, based on quarterly financial data. See DOFG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DOF Group ASA (2020–2025)
The table below shows the annual net assets of DOF Group ASA from 2020 to 2025. For live valuation and market cap data, see DOF Group ASA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr2.04 Billion ≈ $215.09 Million |
+15.35% |
| 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 |
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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 164900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr785.00 Million | 38.41% |
| Common Stock | Nkr59.00 Million | 2.89% |
| Other Components | Nkr1.20 Billion | 58.71% |
| Total Equity | Nkr2.04 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 |
|---|---|
|
PHINIA Inc.
NYSE:PHIN
|
$3.02 Billion |
|
HSBC Holdings PLC
LSE:HSBA
|
$3.02 Billion |
|
Shenzhen Fortune Trend Technology Co Ltd
SHG:688318
|
$3.02 Billion |
|
Aperam SA
MC:APAM
|
$3.02 Billion |
|
National Storage REIT
AU:NSR
|
$3.02 Billion |
|
Rede Energia Participações S.A
SA:REDE3
|
$3.01 Billion |
|
Guangdong Jia Yuan Technology Co Ltd
SHG:688388
|
$3.01 Billion |
|
AIR CHINA LTD H ADR/20
F:AD2B
|
$3.01 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 2024 to 2025, total equity changed from 1,772,000,000 to 2,044,000,000, a change of 272,000,000 (15.3%).
- Net income of 467,000,000 contributed positively to equity growth.
- Dividend payments of 234,000,000 reduced retained earnings.
- Other factors increased equity by 39,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr467.00 Million | +22.85% |
| Dividends Paid | Nkr234.00 Million | -11.45% |
| Other Changes | Nkr39.00 Million | +1.91% |
| Total Change | Nkr- | 15.35% |
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: 14.02x
- 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-0.78 | Nkr116.40 | x |
| 2021-12-31 | Nkr-4.38 | Nkr116.40 | x |
| 2022-12-31 | Nkr1.79 | Nkr116.40 | x |
| 2023-12-31 | Nkr6.10 | Nkr116.40 | x |
| 2024-12-31 | Nkr9.30 | Nkr116.40 | x |
| 2025-12-31 | Nkr8.30 | Nkr116.40 | 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): 22.85%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.96%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.03x
- Recent ROE (22.85%) is above the historical average (16.58%), indicating improving 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 | 31.19% | 0.95% | 0.42x | 78.81x | Nkr59.96 Million |
| 2023 | 35.41% | 3.16% | 4.28x | 2.62x | Nkr260.48 Million |
| 2024 | 10.05% | 12.85% | 0.37x | 2.13x | Nkr800.00K |
| 2025 | 22.85% | 24.96% | 0.45x | 2.03x | Nkr262.60 Million |
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: $1,574,942,875
- Average return on equity (ROE) among peers: -3.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DOF Group ASA (DOFG) | Nkr2.05 Billion | 0.00% | 1.06x | $3.02 Billion |
| AF Gruppen ASA (AFG) | $3.49 Billion | 20.29% | 3.30x | $2.24 Billion |
| Cadeler As (CADLR) | $10.66 Million | -59.45% | 11.65x | $1.99 Billion |
| Endur ASA (ENDUR) | $125.98 Million | -56.21% | 0.92x | $585.74 Million |
| Goodtech (GOD) | $-10.51 Million | 0.00% | 0.00x | $40.84 Million |
| Multiconsult AS (MULTI) | $581.41 Million | 6.04% | 3.60x | $423.35 Million |
| Norconsult ASA (NORCO) | $2.53 Billion | 19.59% | 1.81x | $1.14 Billion |
| Sentia Asa (SNTIA) | $1.61 Billion | 29.18% | 3.19x | $76.11K |
| Veidekke ASA (VEI) | $4.26 Billion | 12.68% | 4.34x | $2.69 Billion |
About DOF Group ASA
DOF Group ASA owns and operates a fleet of offshore and subsea vessels. The company operates through Shipowning; DOF Subsea regions; Norskan Offshore; and DOFCON JV segments. It provides construction and installation; decommissioning; engineering; inspection, maintenance, and repair; offshore wind; remote operated vehicles (ROV) and autonomous underwater vehicles (AUV); saturation and air diving;… Read more