Grieg Seafood ASA (GSF) - Net Assets
Based on the latest financial reports, Grieg Seafood ASA (GSF) has net assets worth Nkr4.83 Billion NOK (≈ $507.98 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr12.56 Billion ≈ $1.32 Billion USD) and total liabilities (Nkr7.73 Billion ≈ $813.21 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 how resilient are Grieg Seafood ASA's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr4.83 Billion |
| % of Total Assets | 38.45% |
| Annual Growth Rate | 17.3% |
| 5-Year Change | -11.89% |
| 10-Year Change | 72.12% |
| Growth Volatility | 55.01 |
Grieg Seafood ASA - Net Assets Trend (2005–2024)
This chart illustrates how Grieg Seafood ASA's net assets have evolved over time, based on quarterly financial data. Also explore Grieg Seafood ASA assets under control for the complete picture of this company's asset base.
Annual Net Assets for Grieg Seafood ASA (2005–2024)
The table below shows the annual net assets of Grieg Seafood ASA from 2005 to 2024. For live valuation and market cap data, see Grieg Seafood ASA (GSF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr3.85 Billion ≈ $405.27 Million |
-42.25% |
| 2023-12-31 | Nkr6.67 Billion ≈ $701.79 Million |
+2.83% |
| 2022-12-31 | Nkr6.49 Billion ≈ $682.48 Million |
+16.58% |
| 2021-12-31 | Nkr5.56 Billion ≈ $585.42 Million |
+27.28% |
| 2020-12-31 | Nkr4.37 Billion ≈ $459.95 Million |
+5.56% |
| 2019-12-31 | Nkr4.14 Billion ≈ $435.74 Million |
+6.63% |
| 2018-12-31 | Nkr3.88 Billion ≈ $408.66 Million |
+16.00% |
| 2017-12-31 | Nkr3.35 Billion ≈ $352.30 Million |
+4.40% |
| 2016-12-31 | Nkr3.21 Billion ≈ $337.46 Million |
+43.33% |
| 2015-12-31 | Nkr2.24 Billion ≈ $235.45 Million |
+0.70% |
| 2014-12-31 | Nkr2.22 Billion ≈ $233.81 Million |
+11.74% |
| 2013-12-31 | Nkr1.99 Billion ≈ $209.25 Million |
+31.41% |
| 2012-12-31 | Nkr1.51 Billion ≈ $159.24 Million |
-10.47% |
| 2011-12-31 | Nkr1.69 Billion ≈ $177.85 Million |
-14.74% |
| 2010-12-31 | Nkr1.98 Billion ≈ $208.61 Million |
+44.24% |
| 2009-12-31 | Nkr1.37 Billion ≈ $144.63 Million |
+48.01% |
| 2008-12-31 | Nkr928.60 Million ≈ $97.72 Million |
-26.66% |
| 2007-12-31 | Nkr1.27 Billion ≈ $133.23 Million |
+118.57% |
| 2006-12-31 | Nkr579.25 Million ≈ $60.95 Million |
+211.83% |
| 2005-12-31 | Nkr185.76 Million ≈ $19.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Grieg Seafood 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 275918200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr2.70 Billion | 70.13% |
| Other Components | Nkr1.15 Billion | 29.87% |
| Total Equity | Nkr3.85 Billion | 100.00% |
Grieg Seafood ASA Competitors by Market Cap
The table below lists competitors of Grieg Seafood ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Invivyd Inc.
NASDAQ:IVVD
|
$428.62 Million |
|
Okea ASA
OL:OKEA
|
$428.63 Million |
|
Grand Pacific Petrochemical Corp
TW:1312
|
$428.83 Million |
|
China Resources Medical Holdings Company Limited
F:1PH
|
$428.88 Million |
|
Seah Holdings
KO:058650
|
$428.47 Million |
|
Yarward Electronics Shandong Co. Ltd. A
SHE:301337
|
$428.46 Million |
|
TWC Enterprises Ltd
TO:TWC
|
$428.38 Million |
|
Kumyang
KO:001570
|
$428.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grieg Seafood ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,669,170,000 to 3,851,313,000, a change of -2,817,857,000 (-42.3%).
- Net loss of 2,450,507,000 reduced equity.
- Dividend payments of 196,233,000 reduced retained earnings.
- Other factors decreased equity by 171,117,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-2.45 Billion | -63.63% |
| Dividends Paid | Nkr196.23 Million | -5.1% |
| Other Changes | Nkr-171.12 Million | -4.44% |
| Total Change | Nkr- | -42.25% |
Book Value vs Market Value Analysis
This analysis compares Grieg Seafood 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: 1.06x
- 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 0.03x to 1.06x 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 | Nkr1329.34 | Nkr36.28 | x |
| 2006-12-31 | Nkr4274.04 | Nkr36.28 | x |
| 2007-12-31 | Nkr19.67 | Nkr36.28 | x |
| 2008-12-31 | Nkr12.14 | Nkr36.28 | x |
| 2009-12-31 | Nkr14.56 | Nkr36.28 | x |
| 2010-12-31 | Nkr17.71 | Nkr36.28 | x |
| 2011-12-31 | Nkr15.23 | Nkr36.28 | x |
| 2012-12-31 | Nkr13.71 | Nkr36.28 | x |
| 2013-12-31 | Nkr18.01 | Nkr36.28 | x |
| 2014-12-31 | Nkr20.12 | Nkr36.28 | x |
| 2015-12-31 | Nkr19.99 | Nkr36.28 | x |
| 2016-12-31 | Nkr28.54 | Nkr36.28 | x |
| 2017-12-31 | Nkr29.93 | Nkr36.28 | x |
| 2018-12-31 | Nkr34.72 | Nkr36.28 | x |
| 2019-12-31 | Nkr36.98 | Nkr36.28 | x |
| 2020-12-31 | Nkr39.13 | Nkr36.28 | x |
| 2021-12-31 | Nkr49.55 | Nkr36.28 | x |
| 2022-12-31 | Nkr61.64 | Nkr36.28 | x |
| 2023-12-31 | Nkr59.48 | Nkr36.28 | x |
| 2024-12-31 | Nkr34.31 | Nkr36.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grieg Seafood 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): -63.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.20%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.39x
- Recent ROE (-63.63%) is below the historical average (6.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 19.23% | 8.30% | 0.49x | 4.72x | Nkr16.25 Million |
| 2006 | 18.44% | 19.49% | 0.34x | 2.82x | Nkr47.80 Million |
| 2007 | 4.12% | 5.11% | 0.34x | 2.35x | Nkr-74.41 Million |
| 2008 | -37.09% | -23.15% | 0.48x | 3.33x | Nkr-437.26 Million |
| 2009 | 16.80% | 14.32% | 0.45x | 2.60x | Nkr93.43 Million |
| 2010 | 31.83% | 25.79% | 0.60x | 2.05x | Nkr432.80 Million |
| 2011 | -7.29% | -6.02% | 0.49x | 2.47x | Nkr-292.17 Million |
| 2012 | -9.73% | -7.18% | 0.50x | 2.69x | Nkr-298.51 Million |
| 2013 | 21.67% | 17.93% | 0.52x | 2.31x | Nkr232.13 Million |
| 2014 | 6.21% | 5.18% | 0.53x | 2.27x | Nkr-84.11 Million |
| 2015 | -0.30% | -0.14% | 0.78x | 2.69x | Nkr-227.34 Million |
| 2016 | 37.64% | 18.12% | 0.97x | 2.15x | Nkr870.96 Million |
| 2017 | 17.27% | 8.13% | 0.98x | 2.16x | Nkr240.10 Million |
| 2018 | 25.36% | 12.97% | 0.92x | 2.12x | Nkr589.10 Million |
| 2019 | 15.17% | 7.49% | 0.93x | 2.19x | Nkr211.09 Million |
| 2020 | -7.23% | -7.21% | 0.41x | 2.43x | Nkr-753.09 Million |
| 2021 | 10.86% | 13.14% | 0.43x | 1.93x | Nkr48.05 Million |
| 2022 | 17.79% | 16.11% | 0.56x | 1.99x | Nkr505.21 Million |
| 2023 | 8.39% | 7.97% | 0.51x | 2.05x | Nkr-107.17 Million |
| 2024 | -63.63% | -33.20% | 0.57x | 3.39x | Nkr-2.84 Billion |
Industry Comparison
This section compares Grieg Seafood ASA's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,164,776,967
- Average return on equity (ROE) among peers: -1.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grieg Seafood ASA (GSF) | Nkr4.83 Billion | 19.23% | 1.60x | $428.51 Million |
| Andfjord Salmon AS (ANDF) | $993.69 Million | -7.02% | 0.22x | $276.76 Million |
| Atlantic Sapphire As (ASA) | $137.44 Million | -8.29% | 0.11x | $11.05 Million |
| Austevoll Seafood ASA (AUSS) | $22.99 Billion | 3.58% | 0.73x | $1.98 Billion |
| P/f Bakkafrost (BAKKA) | $1.67 Billion | 35.38% | 0.87x | $2.88 Billion |
| Barramundi Group Ltd (BARRA) | $29.85 Million | -29.51% | 2.44x | $14.30 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $83.71 Million | -38.66% | 0.10x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $165.80 Million |
| Ice Fish Farm AS (IFISH) | $2.28 Billion | -0.25% | 0.61x | $43.74 Million |
About Grieg Seafood ASA
Grieg Seafood ASA, through its subsidiaries, operates as a fish farming company in Norway, the United Kingdom, rest of Europe, the United States, Canada, Asia, and internationally. It engages in the farming, production, and sale of Atlantic salmon. The company was incorporated in 1988 and is based in Bergen, Norway. Grieg Seafood ASA operates as a subsidiary of Grieg Aqua AS.