General Oceans ASA (GENO) - Net Assets
Based on the latest financial reports, General Oceans ASA (GENO) has net assets worth Nkr1.17 Billion NOK (≈ $122.61 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 (Nkr1.86 Billion ≈ $195.90 Million USD) and total liabilities (Nkr696.55 Million ≈ $73.30 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. Also explore General Oceans ASA asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.17 Billion |
| % of Total Assets | 62.59% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.18 |
General Oceans ASA - Net Assets Trend (2023–2025)
This chart illustrates how General Oceans ASA's net assets have evolved over time, based on quarterly financial data. Check GENO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for General Oceans ASA (2023–2025)
The table below shows the annual net assets of General Oceans ASA from 2023 to 2025. For live valuation and market cap data, see General Oceans ASA market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr707.84 Million ≈ $74.49 Million |
-1.47% |
| 2024-12-31 | Nkr718.39 Million ≈ $75.60 Million |
+14.89% |
| 2023-12-31 | Nkr625.28 Million ≈ $65.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to General Oceans 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 727.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr175.48 Million | 24.79% |
| Other Components | Nkr532.36 Million | 75.21% |
| Total Equity | Nkr707.84 Million | 100.00% |
General Oceans ASA Competitors by Market Cap
The table below lists competitors of General Oceans ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
|
$382.25 Million |
|
Patrimoine et Commerce SA
PA:PAT
|
$382.37 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$382.40 Million |
|
Paslin Digital Technology Co Ltd
SHG:600215
|
$382.42 Million |
|
Genesco Inc
NYSE:GCO
|
$382.17 Million |
|
IBASE Technology
TWO:8050
|
$382.16 Million |
|
Xin Hee Co Ltd
SHE:003016
|
$382.14 Million |
|
Puma Biotechnology Inc
NASDAQ:PBYI
|
$382.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in General Oceans ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 718,389,000 to 707,843,000, a change of -10,546,000 (-1.5%).
- Net income of 165,081,000 contributed positively to equity growth.
- Dividend payments of 40,000,000 reduced retained earnings.
- New share issuances of 4,602,000 increased equity.
- Other factors decreased equity by 140,229,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr165.08 Million | +23.32% |
| Dividends Paid | Nkr40.00 Million | -5.65% |
| Share Issuances | Nkr4.60 Million | +0.65% |
| Other Changes | Nkr-140.23 Million | -19.81% |
| Total Change | Nkr- | -1.47% |
Book Value vs Market Value Analysis
This analysis compares General Oceans 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: 5.26x
- 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 5.95x to 5.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | Nkr3.25 | Nkr19.36 | x |
| 2024-12-31 | Nkr3.74 | Nkr19.36 | x |
| 2025-12-31 | Nkr3.68 | Nkr19.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently General Oceans 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): 23.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.89%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.91x
- Recent ROE (23.32%) is above the historical average (5.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | -11.60% | -8.97% | 0.77x | 1.67x | Nkr-135.05 Million |
| 2024 | 5.45% | 4.09% | 0.73x | 1.83x | Nkr-32.66 Million |
| 2025 | 23.32% | 12.89% | 0.95x | 1.91x | Nkr94.30 Million |
Industry Comparison
This section compares General Oceans ASA's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $397,246,000
- Average return on equity (ROE) among peers: 11.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| General Oceans ASA (GENO) | Nkr1.17 Billion | -11.60% | 0.60x | $382.21 Million |
| Next Biometrics Group ASA (NEXT) | $1.69 Million | 0.00% | 7.56x | $3.53 Million |
| Norbit ASA (NORBT) | $792.80 Million | 23.37% | 0.89x | $1.12 Billion |
About General Oceans ASA
General Oceans ASA develops and manufactures oceanographic sensors, underwater vehicle systems, robotic manipulators, and software in Norway and Internationally. The company operates through two segments: Sensors and Robotics. The Sensors segment is involved in the design, manufacture, integration and sale of acoustic and environmental subsea sensors used for underwater perception, navigation, se… Read more