Edda Wind ASA (EWIND) - Net Assets
Based on the latest financial reports, Edda Wind ASA (EWIND) has net assets worth Nkr332.40 Million NOK (≈ $34.98 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 (Nkr728.15 Million ≈ $76.62 Million USD) and total liabilities (Nkr395.75 Million ≈ $41.64 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 Edda Wind ASA (EWIND) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Edda Wind ASA for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Edda Wind ASA (EWIND) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr330.28 Million ≈ $34.75 Million |
+15.94% |
| 2023-12-31 | Nkr284.88 Million ≈ $29.98 Million |
+55.10% |
| 2022-12-31 | Nkr183.68 Million ≈ $19.33 Million |
-0.35% |
| 2021-12-31 | Nkr184.33 Million ≈ $19.40 Million |
+191.74% |
| 2020-12-31 | Nkr63.18 Million ≈ $6.65 Million |
+83.30% |
| 2019-12-31 | Nkr34.47 Million ≈ $3.63 Million |
+16.26% |
| 2018-12-31 | Nkr29.65 Million ≈ $3.12 Million |
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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 |
|---|---|
|
Eastern Polymer Group Public Company Limited
BK:EPG
|
$308.95 Million |
|
Koramco Energy Plus Reit Co Ltd
KO:357120
|
$309.04 Million |
|
Sunplus Innovation Technology Inc.
TWO:5236
|
$309.09 Million |
|
Duopharma Biotech Bhd
KLSE:7148
|
$309.14 Million |
|
Taiwan Optical Platform Co Ltd
TW:6464
|
$308.76 Million |
|
Venus Pipes & Tubes Limited
NSE:VENUSPIPES
|
$308.66 Million |
|
MOLSON COORS CDA EXCH.B
F:65K
|
$308.52 Million |
|
Qinghai Spring Medicinal Resources Technology Co Ltd
SHG:600381
|
$308.40 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: $2,902,039,288
- Average return on equity (ROE) among peers: 16.27%
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 | $308.89 Million |
| Akastor ASA (AKAST) | $5.86 Billion | 28.21% | 0.14x | $447.42 Million |
| Aker Solutions ASA (AKSO) | $18.95 Billion | 61.40% | 1.18x | $2.14 Billion |
| Argeo AS (ARGEO) | $4.20 Million | 20.00% | 0.36x | $2.98 Million |
| BW Offshore Ltd (BWO) | $70.49 Million | 0.00% | 2.41x | $1.00 Billion |
| Eidesvik Offshore ASA (EIOF) | $928.05 Million | 37.29% | 1.52x | $135.17 Million |
| Electromagnetic Geoservices ASA (EMGS) | $77.97 Million | -98.39% | 1.12x | $3.40 Million |
| Prosafe SE (PRS) | $141.60 Million | 100.64% | 2.48x | $132.99 Million |
| Petrolia SE (PSE) | $40.82 Million | 9.74% | 0.54x | $37.58 Million |
| Reach Subsea (REACH) | $44.23 Million | -12.43% | 0.15x | $239.42 Million |
About 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