Gigante Salmon AS (GIGA) - Net Assets
Based on the latest financial reports, Gigante Salmon AS (GIGA) has net assets worth Nkr711.88 Million NOK (≈ $74.91 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.32 Billion ≈ $139.14 Million USD) and total liabilities (Nkr610.38 Million ≈ $64.23 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 balance sheet size of Gigante Salmon AS for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr711.88 Million |
| % of Total Assets | 53.84% |
| Annual Growth Rate | 219.74% |
| 5-Year Change | 996.4% |
| 10-Year Change | N/A |
| Growth Volatility | 1143.26 |
Gigante Salmon AS - Net Assets Trend (2019–2024)
This chart illustrates how Gigante Salmon AS's net assets have evolved over time, based on quarterly financial data. Check Gigante Salmon AS (GIGA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Gigante Salmon AS (2019–2024)
The table below shows the annual net assets of Gigante Salmon AS from 2019 to 2024. For live valuation and market cap data, see Gigante Salmon AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr715.76 Million ≈ $75.32 Million |
+48.65% |
| 2023-12-31 | Nkr481.51 Million ≈ $50.67 Million |
+72.15% |
| 2022-12-31 | Nkr279.70 Million ≈ $29.43 Million |
+2.04% |
| 2021-12-31 | Nkr274.12 Million ≈ $28.85 Million |
+319.90% |
| 2020-12-31 | Nkr65.28 Million ≈ $6.87 Million |
+2955.50% |
| 2019-12-31 | Nkr2.14 Million ≈ $224.83K |
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Equity Component Analysis
This analysis shows how different components contribute to Gigante Salmon 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 704300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr7.04 Million | 0.98% |
| Common Stock | Nkr171.26 Million | 23.93% |
| Other Components | Nkr537.45 Million | 75.09% |
| Total Equity | Nkr715.76 Million | 100.00% |
Gigante Salmon AS Competitors by Market Cap
The table below lists competitors of Gigante Salmon AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Singular People S.A.
MC:SNG
|
$126.53 Million |
|
Hannong Chem
KO:011500
|
$126.55 Million |
|
Cosmax
KO:044820
|
$126.59 Million |
|
Selectquote Inc
NYSE:SLQT
|
$126.60 Million |
|
Avita Medical Ltd
NASDAQ:RCEL
|
$126.49 Million |
|
Coast Entertainment Holdings Ltd
AU:CEH
|
$126.47 Million |
|
HUHUTECH International Group Inc. Ordinary Shares
NASDAQ:HUHU
|
$126.45 Million |
|
DAM CAPITAL ADVISORS LTD
NSE:DAMCAPITAL
|
$126.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gigante Salmon AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 481,515,000 to 715,758,000, a change of 234,243,000 (48.6%).
- Net loss of 2,098,000 reduced equity.
- Share repurchases of 235,005,000 reduced equity.
- New share issuances of 235,005,000 increased equity.
- Other factors increased equity by 236,341,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-2.10 Million | -0.29% |
| Share Repurchases | Nkr235.00 Million | -32.83% |
| Share Issuances | Nkr235.00 Million | +32.83% |
| Other Changes | Nkr236.34 Million | +33.02% |
| Total Change | Nkr- | 48.65% |
Book Value vs Market Value Analysis
This analysis compares Gigante Salmon 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: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 346.82x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Nkr0.02 | Nkr7.02 | x |
| 2020-12-31 | Nkr0.62 | Nkr7.02 | x |
| 2021-12-31 | Nkr2.60 | Nkr7.02 | x |
| 2022-12-31 | Nkr2.64 | Nkr7.02 | x |
| 2023-12-31 | Nkr3.59 | Nkr7.02 | x |
| 2024-12-31 | Nkr4.18 | Nkr7.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gigante Salmon 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): -0.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.70x
- Recent ROE (-0.29%) is above the historical average (-1.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -12.87% | 0.00% | 0.00x | 1.81x | Nkr-488.65K |
| 2020 | -0.74% | 0.00% | 0.00x | 1.03x | Nkr-7.01 Million |
| 2021 | 1.00% | 0.00% | 0.00x | 1.06x | Nkr-24.67 Million |
| 2022 | 2.00% | 3698.01% | 0.00x | 1.14x | Nkr-22.39 Million |
| 2023 | 0.15% | 1213.33% | 0.00x | 1.37x | Nkr-47.42 Million |
| 2024 | -0.29% | 0.00% | 0.00x | 1.70x | Nkr-73.67 Million |
Industry Comparison
This section compares Gigante Salmon AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,955,737,695
- Average return on equity (ROE) among peers: -6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gigante Salmon AS (GIGA) | Nkr711.88 Million | -12.87% | 0.86x | $126.51 Million |
| Andfjord Salmon AS (ANDF) | $475.70 Million | -11.91% | 0.34x | $289.84 Million |
| Atlantic Sapphire As (ASA) | $81.31 Million | -8.12% | 0.12x | $3.77 Million |
| Austevoll Seafood ASA (AUSS) | $16.01 Billion | 2.80% | 2.32x | $1.78 Billion |
| P/f Bakkafrost (BAKKA) | $11.16 Billion | 5.89% | 0.58x | $2.80 Billion |
| Barramundi Group Ltd (BARRA) | $38.79 Million | -80.20% | 0.89x | $12.27 Million |
| Biofish Holding AS (BFISH) | $10.78 Million | 15.20% | 0.99x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $87.05 Million | 6.89% | 0.25x | $19.84 Million |
| Grieg Seafood ASA (GSF) | $6.67 Billion | 8.39% | 1.05x | $352.92 Million |
| Ice Fish Farm AS (IFISH) | $1.07 Billion | 3.59% | 0.37x | $66.26 Million |
About Gigante Salmon AS
Gigante Salmon AS engages in the land-based salmon farming business in Norway. The company was incorporated in 2001 and is headquartered in Bodø, Norway.