Elopak AS (ELO) - Net Assets
Based on the latest financial reports, Elopak AS (ELO) has net assets worth Nkr338.85 Million NOK (≈ $35.66 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 (Nkr1.06 Billion ≈ $111.98 Million USD) and total liabilities (Nkr725.28 Million ≈ $76.32 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 ELO cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr338.85 Million |
| % of Total Assets | 31.84% |
| Annual Growth Rate | 8.08% |
| 5-Year Change | 29.24% |
| 10-Year Change | N/A |
| Growth Volatility | 17.83 |
Elopak AS - Net Assets Trend (2017–2025)
This chart illustrates how Elopak AS's net assets have evolved over time, based on quarterly financial data. Also explore how large is Elopak AS's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Elopak AS (2017–2025)
The table below shows the annual net assets of Elopak AS from 2017 to 2025. For live valuation and market cap data, see Elopak AS market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr347.73 Million ≈ $36.59 Million |
-1.40% |
| 2024-12-31 | Nkr352.65 Million ≈ $37.11 Million |
+11.85% |
| 2023-12-31 | Nkr315.30 Million ≈ $33.18 Million |
+17.66% |
| 2022-12-31 | Nkr267.97 Million ≈ $28.20 Million |
-0.40% |
| 2021-12-31 | Nkr269.05 Million ≈ $28.31 Million |
+45.09% |
| 2020-12-31 | Nkr185.44 Million ≈ $19.51 Million |
+20.51% |
| 2019-12-31 | Nkr153.89 Million ≈ $16.19 Million |
+1.51% |
| 2018-12-31 | Nkr151.60 Million ≈ $15.95 Million |
-18.82% |
| 2017-12-31 | Nkr186.74 Million ≈ $19.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Elopak AS'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 68.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr259.76 Million | 76.66% |
| Other Components | Nkr79.09 Million | 23.34% |
| Total Equity | Nkr338.85 Million | 100.00% |
Elopak AS Competitors by Market Cap
The table below lists competitors of Elopak AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
International General Insurance Holdings Ltd
NASDAQ:IGIC
|
$1.08 Billion |
|
Yangzhou Seashine New Materials Co
SHE:300885
|
$1.08 Billion |
|
Virtus Investment Partners, Inc.
NASDAQ:VRTS
|
$1.08 Billion |
|
MAC Copper Ltd
AU:MAC
|
$1.08 Billion |
|
Ningbo Thermal Power Co Ltd
SHG:600982
|
$1.08 Billion |
|
Catalyst Metals Ltd
AU:CYL
|
$1.08 Billion |
|
Sanjiang Shopping Club Co Ltd
SHG:601116
|
$1.08 Billion |
|
REX American Resources Corporation
NYSE:REX
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elopak AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 342,052,000 to 338,850,000, a change of -3,202,000 (-0.9%).
- Net income of 61,559,000 contributed positively to equity growth.
- Dividend payments of 43,314,000 reduced retained earnings.
- Share repurchases of 3,338,000 reduced equity.
- Other factors decreased equity by 18,109,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr61.56 Million | +18.17% |
| Dividends Paid | Nkr43.31 Million | -12.78% |
| Share Repurchases | Nkr3.34 Million | -0.99% |
| Other Changes | Nkr-18.11 Million | -5.34% |
| Total Change | Nkr- | -0.94% |
Book Value vs Market Value Analysis
This analysis compares Elopak AS'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: 30.32x
- 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 55.07x to 30.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.69 | Nkr38.20 | x |
| 2018-12-31 | Nkr0.56 | Nkr38.20 | x |
| 2019-12-31 | Nkr0.57 | Nkr38.20 | x |
| 2020-12-31 | Nkr0.57 | Nkr38.20 | x |
| 2021-12-31 | Nkr1.03 | Nkr38.20 | x |
| 2022-12-31 | Nkr0.96 | Nkr38.20 | x |
| 2023-12-31 | Nkr1.14 | Nkr38.20 | x |
| 2024-12-31 | Nkr1.27 | Nkr38.20 | x |
| 2025-12-31 | Nkr1.26 | Nkr38.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elopak AS 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): 18.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.11%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 3.14x
- Recent ROE (18.17%) is above the historical average (15.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 17.32% | 3.55% | 1.39x | 3.51x | Nkr13.66 Million |
| 2018 | 18.45% | 3.08% | 1.35x | 4.44x | Nkr12.81 Million |
| 2019 | 6.41% | 1.09% | 1.17x | 5.04x | Nkr-5.52 Million |
| 2020 | 25.79% | 5.26% | 1.21x | 4.04x | Nkr29.28 Million |
| 2021 | 12.57% | 3.95% | 1.09x | 2.91x | Nkr6.90 Million |
| 2022 | 4.18% | 1.06% | 1.07x | 3.69x | Nkr-15.09 Million |
| 2023 | 21.90% | 5.92% | 1.18x | 3.14x | Nkr36.44 Million |
| 2024 | 17.81% | 5.27% | 1.10x | 3.09x | Nkr26.71 Million |
| 2025 | 18.17% | 5.11% | 1.13x | 3.14x | Nkr27.67 Million |
Industry Comparison
This section compares Elopak AS's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,957,050,500
- Average return on equity (ROE) among peers: -0.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elopak AS (ELO) | Nkr338.85 Million | 17.32% | 2.14x | $1.08 Billion |
| Bewi Asa (BEWI) | $429.80 Million | 8.00% | 2.03x | $450.49 Million |
| Hexagon Composites ASA (HEX) | $3.48 Billion | -9.40% | 0.87x | $241.01 Million |
About Elopak AS
Elopak ASA manufactures and supplies paper-based packaging solutions for liquid food in Europe, the Middle East, Africa, Asia, the Americas, and internationally. It offers Pure-Pak cartons for chilled and aseptic liquid food; D-PAK cartons for non food products for personal and home care; and filling equipment. It also offers standard flexo, super flexo, UV-flexo, and offset litho printing servic… Read more