Goodtech (GOD) - Net Assets
Based on the latest financial reports, Goodtech (GOD) has net assets worth Nkr277.00 Million NOK (≈ $29.15 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 (Nkr510.40 Million ≈ $53.71 Million USD) and total liabilities (Nkr233.40 Million ≈ $24.56 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 Goodtech (GOD) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr277.00 Million |
| % of Total Assets | 54.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | 5.83% |
| 10-Year Change | -10.25% |
| Growth Volatility | 171.73 |
Goodtech - Net Assets Trend (2000–2025)
This chart illustrates how Goodtech's net assets have evolved over time, based on quarterly financial data. Also explore Goodtech assets under control for the complete picture of this company's asset base.
Annual Net Assets for Goodtech (2000–2025)
The table below shows the annual net assets of Goodtech from 2000 to 2025. For live valuation and market cap data, see Goodtech market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr277.00 Million ≈ $29.15 Million |
+5.40% |
| 2024-12-31 | Nkr262.80 Million ≈ $27.65 Million |
-6.28% |
| 2023-12-31 | Nkr280.40 Million ≈ $29.51 Million |
+8.31% |
| 2022-12-31 | Nkr258.90 Million ≈ $27.24 Million |
-1.09% |
| 2021-12-31 | Nkr261.74 Million ≈ $27.54 Million |
-5.25% |
| 2020-12-31 | Nkr276.25 Million ≈ $29.07 Million |
+20.18% |
| 2019-12-31 | Nkr229.86 Million ≈ $24.19 Million |
-1.47% |
| 2018-12-31 | Nkr233.29 Million ≈ $24.55 Million |
-21.67% |
| 2017-12-31 | Nkr297.82 Million ≈ $31.34 Million |
-3.50% |
| 2016-12-31 | Nkr308.63 Million ≈ $32.48 Million |
-9.69% |
| 2015-12-31 | Nkr341.75 Million ≈ $35.96 Million |
-50.22% |
| 2014-12-31 | Nkr686.52 Million ≈ $72.24 Million |
-5.33% |
| 2013-12-31 | Nkr725.19 Million ≈ $76.31 Million |
+5.43% |
| 2012-12-31 | Nkr687.82 Million ≈ $72.38 Million |
+3.12% |
| 2011-12-31 | Nkr666.98 Million ≈ $70.19 Million |
+2.52% |
| 2010-12-31 | Nkr650.59 Million ≈ $68.46 Million |
+74.28% |
| 2009-12-31 | Nkr373.31 Million ≈ $39.28 Million |
+7.96% |
| 2008-12-31 | Nkr345.80 Million ≈ $36.39 Million |
+17.38% |
| 2007-12-31 | Nkr294.60 Million ≈ $31.00 Million |
+104.55% |
| 2006-12-31 | Nkr144.02 Million ≈ $15.16 Million |
+24.18% |
| 2005-12-31 | Nkr115.97 Million ≈ $12.20 Million |
+816.65% |
| 2004-12-31 | Nkr12.65 Million ≈ $1.33 Million |
-38.59% |
| 2003-12-31 | Nkr20.60 Million ≈ $2.17 Million |
+18662.16% |
| 2002-12-31 | Nkr-111.00K ≈ $-11.68K |
+98.94% |
| 2001-12-31 | Nkr-10.46 Million ≈ $-1.10 Million |
+0.48% |
| 2000-12-31 | Nkr-10.51 Million ≈ $-1.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goodtech'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 decreased by 22690000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr59.30 Million | 21.41% |
| Other Components | Nkr444.60 Million | 160.51% |
| Total Equity | Nkr277.00 Million | 100.00% |
Goodtech Competitors by Market Cap
The table below lists competitors of Goodtech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sprint Bioscience AB
ST:SPRINT
|
$35.31 Million |
|
Cayman Tung Ling Co Ltd
TWO:2924
|
$35.33 Million |
|
Golden Heaven Group Holdings Ltd. Ordinary Shares
NASDAQ:GDHG
|
$35.33 Million |
|
Maniker
KO:027740
|
$35.33 Million |
|
Centric Holdings S.A
AT:CENTR
|
$35.31 Million |
|
Fortune Indonesia Tbk
JK:FORU
|
$35.30 Million |
|
Anli International Co Ltd
TWO:5223
|
$35.30 Million |
|
MDX Public Company Limited
BK:MDX
|
$35.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goodtech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 262,800,000 to 277,000,000, a change of 14,200,000 (5.4%).
- Net income of 18,900,000 contributed positively to equity growth.
- Share repurchases of 300,000 reduced equity.
- New share issuances of 700,000 increased equity.
- Other factors decreased equity by 5,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr18.90 Million | +6.82% |
| Share Repurchases | Nkr300.00K | -0.11% |
| Share Issuances | Nkr700.00K | +0.25% |
| Other Changes | Nkr-5.10 Million | -1.84% |
| Total Change | Nkr- | 5.40% |
Book Value vs Market Value Analysis
This analysis compares Goodtech'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: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.76x to 1.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | Nkr14.79 | Nkr11.25 | x |
| 2006-12-31 | Nkr11.68 | Nkr11.25 | x |
| 2007-12-31 | Nkr21.69 | Nkr11.25 | x |
| 2008-12-31 | Nkr22.39 | Nkr11.25 | x |
| 2009-12-31 | Nkr23.46 | Nkr11.25 | x |
| 2010-12-31 | Nkr31.98 | Nkr11.25 | x |
| 2011-12-31 | Nkr205.56 | Nkr11.25 | x |
| 2012-12-31 | Nkr21.16 | Nkr11.25 | x |
| 2013-12-31 | Nkr22.32 | Nkr11.25 | x |
| 2014-12-31 | Nkr21.12 | Nkr11.25 | x |
| 2015-12-31 | Nkr10.60 | Nkr11.25 | x |
| 2016-12-31 | Nkr13.60 | Nkr11.25 | x |
| 2017-12-31 | Nkr13.18 | Nkr11.25 | x |
| 2018-12-31 | Nkr10.30 | Nkr11.25 | x |
| 2019-12-31 | Nkr10.15 | Nkr11.25 | x |
| 2020-12-31 | Nkr11.97 | Nkr11.25 | x |
| 2021-12-31 | Nkr9.67 | Nkr11.25 | x |
| 2022-12-31 | Nkr9.55 | Nkr11.25 | x |
| 2023-12-31 | Nkr10.24 | Nkr11.25 | x |
| 2024-12-31 | Nkr9.42 | Nkr11.25 | x |
| 2025-12-31 | Nkr9.50 | Nkr11.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goodtech 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): 6.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 1.84x
- Recent ROE (6.82%) is above the historical average (-2.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -12.75% | -10.08% | 0.52x | 2.42x | Nkr-23.58 Million |
| 2006 | 11.30% | 5.09% | 1.08x | 2.06x | Nkr1.87 Million |
| 2007 | 20.80% | 13.19% | 1.11x | 1.42x | Nkr31.62 Million |
| 2008 | 11.10% | 6.88% | 1.11x | 1.46x | Nkr3.80 Million |
| 2009 | 4.42% | 2.93% | 1.08x | 1.40x | Nkr-20.79 Million |
| 2010 | -7.05% | -4.15% | 0.83x | 2.04x | Nkr-110.79 Million |
| 2011 | 2.65% | 0.88% | 1.45x | 2.09x | Nkr-48.96 Million |
| 2012 | 7.92% | 2.50% | 1.51x | 2.10x | Nkr-14.29 Million |
| 2013 | 5.68% | 1.69% | 1.58x | 2.12x | Nkr-31.26 Million |
| 2014 | -3.21% | -0.93% | 1.51x | 2.29x | Nkr-90.57 Million |
| 2015 | -49.79% | -24.29% | 1.05x | 1.95x | Nkr-203.82 Million |
| 2016 | -8.31% | -3.63% | 1.21x | 1.90x | Nkr-56.34 Million |
| 2017 | -5.20% | -2.24% | 1.33x | 1.75x | Nkr-45.10 Million |
| 2018 | -26.77% | -10.92% | 1.26x | 1.95x | Nkr-85.33 Million |
| 2019 | -0.75% | -0.38% | 1.01x | 1.94x | Nkr-24.58 Million |
| 2020 | -0.77% | -0.41% | 1.02x | 1.85x | Nkr-29.46 Million |
| 2021 | -7.09% | -3.44% | 1.04x | 1.99x | Nkr-44.47 Million |
| 2022 | -0.61% | -0.31% | 0.93x | 2.11x | Nkr-27.48 Million |
| 2023 | 2.89% | 0.97% | 1.43x | 2.07x | Nkr-19.94 Million |
| 2024 | -9.63% | -3.54% | 1.35x | 2.01x | Nkr-51.58 Million |
| 2025 | 6.82% | 2.62% | 1.41x | 1.84x | Nkr-8.80 Million |
Industry Comparison
This section compares Goodtech's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,488,902,000
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goodtech (GOD) | Nkr277.00 Million | -12.75% | 0.84x | $35.31 Million |
| AF Gruppen ASA (AFG) | $2.08 Billion | 29.90% | 2.72x | $2.06 Billion |
| Cadeler As (CADLR) | $325.26 Million | 2.29% | 0.31x | $2.36 Billion |
| DOF Group ASA (DOFG) | $1.77 Billion | 10.05% | 1.13x | $3.56 Billion |
| Endur ASA (ENDUR) | $184.34 Million | -206.43% | 4.10x | $609.09 Million |
| Multiconsult AS (MULTI) | $773.62 Million | 32.21% | 2.51x | $459.89 Million |
| Norconsult ASA (NORCO) | $2.26 Billion | 20.12% | 1.78x | $1.28 Billion |
| Sentia Asa (SNTIA) | $676.00 Million | 26.04% | 6.66x | $78.01K |
| Veidekke ASA (VEI) | $3.85 Billion | 28.39% | 4.31x | $2.65 Billion |
About Goodtech
Goodtech ASA provides control systems, digitization, and production solutions for production companies in Norway, Sweden, Finland, Europe, and internationally. The company provides a range of in-house developed and partner-driven technologies and customized solutions for energy storage and management, digital transformation maturity, control system for wind power, asset monitoring, manufacturing … Read more