Eidesvik Offshore ASA
Eidesvik Offshore ASA provides services to the offshore supply, subsea, and offshore wind market in Norway. It operates through Supply, Subsea/Offshore Renewables, and Other segments. The company offers services to the offshore oil industry. It also provides shipping services for subsea work for the oil industry, as well as various services for the offshore renewable market. In addition, the comp… Read more
Eidesvik Offshore ASA (EIOF) - Net Assets
Latest net assets as of September 2025: Nkr1.61 Billion NOK
Based on the latest financial reports, Eidesvik Offshore ASA (EIOF) has net assets worth Nkr1.61 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.99 Billion) and total liabilities (Nkr1.38 Billion). 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 | Nkr1.61 Billion |
| % of Total Assets | 53.76% |
| Annual Growth Rate | 3.99% |
| 5-Year Change | 226.17% |
| 10-Year Change | -23.24% |
| Growth Volatility | 43.9 |
Eidesvik Offshore ASA - Net Assets Trend (2002–2024)
This chart illustrates how Eidesvik Offshore 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 Eidesvik Offshore ASA (2002–2024)
The table below shows the annual net assets of Eidesvik Offshore ASA from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.57 Billion | -2.99% |
| 2023-12-31 | Nkr1.62 Billion | +74.09% |
| 2022-12-31 | Nkr928.05 Million | +78.09% |
| 2021-12-31 | Nkr521.10 Million | +8.45% |
| 2020-12-31 | Nkr480.52 Million | -34.13% |
| 2019-12-31 | Nkr729.47 Million | -48.80% |
| 2018-12-31 | Nkr1.42 Billion | -7.60% |
| 2017-12-31 | Nkr1.54 Billion | +5.83% |
| 2016-12-31 | Nkr1.46 Billion | -28.64% |
| 2015-12-31 | Nkr2.04 Billion | -3.93% |
| 2014-12-31 | Nkr2.13 Billion | -9.49% |
| 2013-12-31 | Nkr2.35 Billion | +6.67% |
| 2012-12-31 | Nkr2.20 Billion | +13.89% |
| 2011-12-31 | Nkr1.93 Billion | +4.28% |
| 2010-12-31 | Nkr1.85 Billion | -2.52% |
| 2009-12-31 | Nkr1.90 Billion | +132.22% |
| 2008-12-31 | Nkr818.84 Million | -44.62% |
| 2007-12-31 | Nkr1.48 Billion | -3.01% |
| 2006-12-31 | Nkr1.52 Billion | +13.26% |
| 2005-12-31 | Nkr1.35 Billion | +92.26% |
| 2004-12-31 | Nkr700.13 Million | +21.25% |
| 2003-12-31 | Nkr577.43 Million | -12.85% |
| 2002-12-31 | Nkr662.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eidesvik Offshore 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 126259500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.26 Billion | 80.56% |
| Common Stock | Nkr3.65 Million | 0.23% |
| Other Components | Nkr301.05 Million | 19.21% |
| Total Equity | Nkr1.57 Billion | 100.00% |
Eidesvik Offshore ASA Competitors by Market Cap
The table below lists competitors of Eidesvik Offshore ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neptis
WAR:YAN
|
$11.09 Million |
|
Broadpeak SA
PA:ALBPK
|
$11.09 Million |
|
OverActive Media Corp
PINK:OAMCF
|
$11.09 Million |
|
Pelita Samudera Shipping Tbk PT
JK:PSSI
|
$11.09 Million |
|
Silvergate Capital Corp
PINK:SICPQ
|
$11.08 Million |
|
Transtouch Technology
TWO:3623
|
$11.08 Million |
|
MacKenzie Realty Capital, Inc. Common Stock
OTCQX:MKZR
|
$11.08 Million |
|
Pluri Inc.
NASDAQ:PLUR
|
$11.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eidesvik Offshore ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,502,801,000 to 1,567,298,000, a change of 64,497,000 (4.3%).
- Net income of 82,743,000 contributed positively to equity growth.
- Dividend payments of 18,246,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr82.74 Million | +5.28% |
| Dividends Paid | Nkr18.25 Million | -1.16% |
| Total Change | Nkr- | 4.29% |
Book Value vs Market Value Analysis
This analysis compares Eidesvik Offshore 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: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Nkr25.13 | Nkr15.20 | x |
| 2005-12-31 | Nkr34.21 | Nkr15.20 | x |
| 2006-12-31 | Nkr39.96 | Nkr15.20 | x |
| 2007-12-31 | Nkr37.37 | Nkr15.20 | x |
| 2008-12-31 | Nkr21.38 | Nkr15.20 | x |
| 2009-12-31 | Nkr49.87 | Nkr15.20 | x |
| 2010-12-31 | Nkr48.01 | Nkr15.20 | x |
| 2011-12-31 | Nkr49.36 | Nkr15.20 | x |
| 2012-12-31 | Nkr55.71 | Nkr15.20 | x |
| 2013-12-31 | Nkr58.80 | Nkr15.20 | x |
| 2014-12-31 | Nkr54.45 | Nkr15.20 | x |
| 2015-12-31 | Nkr52.18 | Nkr15.20 | x |
| 2016-12-31 | Nkr37.15 | Nkr15.20 | x |
| 2017-12-31 | Nkr50.07 | Nkr15.20 | x |
| 2018-12-31 | Nkr24.30 | Nkr15.20 | x |
| 2019-12-31 | Nkr13.22 | Nkr15.20 | x |
| 2020-12-31 | Nkr9.36 | Nkr15.20 | x |
| 2021-12-31 | Nkr8.34 | Nkr15.20 | x |
| 2022-12-31 | Nkr13.91 | Nkr15.20 | x |
| 2023-12-31 | Nkr20.59 | Nkr15.20 | x |
| 2024-12-31 | Nkr21.47 | Nkr15.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eidesvik Offshore 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): 5.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.90%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.87x
- Recent ROE (5.28%) is above the historical average (-2.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 14.13% | 15.79% | 0.25x | 3.55x | Nkr26.33 Million |
| 2005 | 11.45% | 20.75% | 0.22x | 2.53x | Nkr17.62 Million |
| 2006 | 19.44% | 34.63% | 0.25x | 2.22x | Nkr143.97 Million |
| 2007 | -3.27% | -6.19% | 0.18x | 3.00x | Nkr-189.13 Million |
| 2008 | -73.72% | -62.54% | 0.21x | 5.55x | Nkr-685.49 Million |
| 2009 | 57.39% | 90.79% | 0.23x | 2.77x | Nkr901.20 Million |
| 2010 | -3.04% | -5.29% | 0.21x | 2.75x | Nkr-239.98 Million |
| 2011 | 3.72% | 7.03% | 0.20x | 2.70x | Nkr-118.74 Million |
| 2012 | 13.22% | 31.01% | 0.16x | 2.61x | Nkr68.80 Million |
| 2013 | 6.31% | 14.94% | 0.17x | 2.54x | Nkr-83.04 Million |
| 2014 | -8.36% | -17.67% | 0.18x | 2.67x | Nkr-382.09 Million |
| 2015 | -9.90% | -17.52% | 0.19x | 3.05x | Nkr-395.90 Million |
| 2016 | -39.04% | -73.85% | 0.15x | 3.58x | Nkr-694.66 Million |
| 2017 | 10.29% | 25.93% | 0.14x | 2.85x | Nkr4.41 Million |
| 2018 | -19.87% | -59.17% | 0.12x | 2.88x | Nkr-425.82 Million |
| 2019 | -84.00% | -109.07% | 0.19x | 4.09x | Nkr-772.45 Million |
| 2020 | -22.77% | -25.94% | 0.16x | 5.32x | Nkr-190.60 Million |
| 2021 | 5.93% | 5.40% | 0.21x | 5.30x | Nkr-21.12 Million |
| 2022 | 40.02% | 54.52% | 0.27x | 2.70x | Nkr259.58 Million |
| 2023 | 34.25% | 73.59% | 0.26x | 1.81x | Nkr364.46 Million |
| 2024 | 5.28% | 10.90% | 0.26x | 1.87x | Nkr-73.99 Million |
Industry Comparison
This section compares Eidesvik Offshore ASA's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $778,820,958
- Average return on equity (ROE) among peers: 146.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eidesvik Offshore ASA (EIOF) | Nkr1.61 Billion | 14.13% | 0.86x | $11.08 Million |
| Aker Solutions ASA (AKSO) | $5.89 Billion | 21.72% | 3.65x | $1.29 Billion |
| Aquila Holdings ASA (AQUIL) | $47.65 Million | 2.93% | 0.11x | $9.46 Million |
| Argeo AS (ARGEO) | $148.05 Million | -12.23% | 0.13x | $1.05 Million |
| Electromagnetic Geoservices ASA (EMGS) | $3.33 Million | -1098.74% | 21.46x | $937.88K |
| SED Energy Holdings Plc (ENH) | $28.74 Million | -44.75% | 1.29x | $6.98K |
| Edda Wind ASA (EWIND) | $63.18 Million | 4.77% | 1.40x | $57.04 Million |
| MORELD AS (MORLD) | $698.55 Million | -101.82% | 9.29x | $82.08 Million |
| Prosafe SE (PRS) | $36.30 Million | 2556.20% | 12.58x | $53.14 Million |
| Petrolia SE (PSE) | $90.58 Million | -8.90% | 1.52x | $4.38 Million |