Edda Wind ASA
Edda Wind ASA develops, builds, owns, operates, and charters out purpose-built service operation vessels (SOVs) and commissioning service operation vessels (CSOVs) for offshore wind farms and maritime operations worldwide. It owns and operates three purpose-built SOVs; five CSOVs; and has 5 CSOVs offshore wind vessels under construction. The company was founded in 2015 and is headquartered in Hau… Read more
Edda Wind ASA (EWIND) - Net Assets
Latest net assets as of March 2025: Nkr332.40 Million NOK
Based on the latest financial reports, Edda Wind ASA (EWIND) has net assets worth Nkr332.40 Million NOK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr728.15 Million) and total liabilities (Nkr395.75 Million). 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 | Nkr332.40 Million |
| % of Total Assets | 45.65% |
| Annual Growth Rate | 49.43% |
| 5-Year Change | 422.73% |
| 10-Year Change | N/A |
| Growth Volatility | 65.09 |
Edda Wind ASA - Net Assets Trend (2018–2024)
This chart illustrates how Edda Wind 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 Edda Wind ASA (2018–2024)
The table below shows the annual net assets of Edda Wind ASA from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr330.28 Million | +15.94% |
| 2023-12-31 | Nkr284.88 Million | +55.10% |
| 2022-12-31 | Nkr183.68 Million | -0.35% |
| 2021-12-31 | Nkr184.33 Million | +191.74% |
| 2020-12-31 | Nkr63.18 Million | +83.30% |
| 2019-12-31 | Nkr34.47 Million | +16.26% |
| 2018-12-31 | Nkr29.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Edda Wind 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 54.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr43.22 Million | 13.09% |
| Common Stock | Nkr1.22 Million | 0.37% |
| Other Components | Nkr285.84 Million | 86.54% |
| Total Equity | Nkr330.28 Million | 100.00% |
Edda Wind ASA Competitors by Market Cap
The table below lists competitors of Edda Wind ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gwo Xi Stem Cell Applied Technology Co. , Ltd
TWO:6704
|
$57.05 Million |
|
AirBoss of America Corp
OTCQX:ABSSF
|
$57.06 Million |
|
Peak Minerals Ltd
AU:PUA
|
$57.07 Million |
|
Spigen Korea Co. Ltd
KQ:192440
|
$57.07 Million |
|
Frasers Property (Thailand) Public Company Limited
BK:FPT
|
$57.04 Million |
|
CuongThuan Idico Development Investment Corp
VN:CTI
|
$56.99 Million |
|
Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme
AT:MOTO
|
$56.98 Million |
|
Haisung TPC Co. Ltd.
KQ:059270
|
$56.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Edda Wind ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 284,881,000 to 330,278,000, a change of 45,397,000 (15.9%).
- Net income of 3,776,000 contributed positively to equity growth.
- Share repurchases of 34,305,000 reduced equity.
- New share issuances of 34,305,000 increased equity.
- Other factors increased equity by 41,621,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr3.78 Million | +1.14% |
| Share Repurchases | Nkr34.30 Million | -10.39% |
| Share Issuances | Nkr34.30 Million | +10.39% |
| Other Changes | Nkr41.62 Million | +12.6% |
| Total Change | Nkr- | 15.94% |
Book Value vs Market Value Analysis
This analysis compares Edda Wind 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: 8.89x
- 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 47.16x to 8.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr0.48 | Nkr22.70 | x |
| 2019-12-31 | Nkr0.56 | Nkr22.70 | x |
| 2020-12-31 | Nkr1.02 | Nkr22.70 | x |
| 2021-12-31 | Nkr2.87 | Nkr22.70 | x |
| 2022-12-31 | Nkr2.86 | Nkr22.70 | x |
| 2023-12-31 | Nkr2.54 | Nkr22.70 | x |
| 2024-12-31 | Nkr2.55 | Nkr22.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Edda Wind 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): 1.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.03%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.13x
- Recent ROE (1.14%) is below the historical average (1.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -6.46% | -20.01% | 0.11x | 3.07x | Nkr-4.88 Million |
| 2019 | 9.28% | 17.84% | 0.20x | 2.58x | Nkr-248.00K |
| 2020 | 4.77% | 17.24% | 0.12x | 2.40x | Nkr-3.31 Million |
| 2021 | 1.22% | 9.37% | 0.08x | 1.66x | Nkr-16.19 Million |
| 2022 | 1.05% | 7.19% | 0.08x | 1.91x | Nkr-16.43 Million |
| 2023 | 0.35% | 2.67% | 0.06x | 2.04x | Nkr-27.50 Million |
| 2024 | 1.14% | 6.03% | 0.09x | 2.13x | Nkr-29.25 Million |
Industry Comparison
This section compares Edda Wind 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: $1,007,954,624
- Average return on equity (ROE) among peers: 145.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Edda Wind ASA (EWIND) | Nkr332.40 Million | -6.46% | 1.19x | $57.04 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 |
| Eidesvik Offshore ASA (EIOF) | $2.13 Billion | -8.19% | 1.61x | $11.08 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 |
| 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 |