Grieg Seafood ASA (GSF) - Net Assets
Based on the latest financial reports, Grieg Seafood ASA (GSF) has net assets worth Nkr4.50 Billion NOK (≈ $473.73 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 (Nkr8.70 Billion ≈ $915.73 Million USD) and total liabilities (Nkr4.20 Billion ≈ $441.99 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 strategic asset allocation of Grieg Seafood ASA to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr4.50 Billion |
| % of Total Assets | 51.73% |
| Annual Growth Rate | 17.22% |
| 5-Year Change | -19.89% |
| 10-Year Change | 38.97% |
| Growth Volatility | 53.67 |
Grieg Seafood ASA - Net Assets Trend (2005–2025)
This chart illustrates how Grieg Seafood ASA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GSF stock market capitalisation.
Annual Net Assets for Grieg Seafood ASA (2005–2025)
The table below shows the annual net assets of Grieg Seafood ASA from 2005 to 2025. Also explore GSF year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr4.46 Billion ≈ $468.98 Million |
+15.72% |
| 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 406613700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr4.01 Billion | 89.93% |
| Other Components | Nkr448.97 Million | 10.07% |
| Total Equity | Nkr4.46 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 |
|---|---|
|
Firm Capital Mortgage Invest Corp
TO:FC
|
$304.04 Million |
|
Nilkamal Limited
NSE:NILKAMAL
|
$304.04 Million |
|
Bosch Fren Sistemleri Sanayi ve Ticaret AS
IS:BFREN
|
$304.06 Million |
|
Xiangyang BOYA Precision Industrial Equipments Co. Ltd
SHE:300971
|
$304.08 Million |
|
CviLux Corp
TW:8103
|
$303.96 Million |
|
Guangzheng Group Co Ltd
SHE:002524
|
$303.90 Million |
|
Xpro India Limited
NSE:XPROINDIA
|
$303.85 Million |
|
Samchully
KO:004690
|
$303.74 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 2024 to 2025, total equity changed from 3,851,313,000 to 4,456,726,000, a change of 605,413,000 (15.7%).
- Net income of 1,109,767,000 contributed positively to equity growth.
- Dividend payments of 156,996,000 reduced retained earnings.
- Share repurchases of 95,000 reduced equity.
- Other factors decreased equity by 347,263,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.11 Billion | +24.9% |
| Dividends Paid | Nkr157.00 Million | -3.52% |
| Share Repurchases | Nkr95.00K | -0.0% |
| Other Changes | Nkr-347.26 Million | -7.79% |
| Total Change | Nkr- | 15.72% |
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: 0.65x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.02x to 0.65x 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 | Nkr25.74 | x |
| 2006-12-31 | Nkr4274.04 | Nkr25.74 | x |
| 2007-12-31 | Nkr19.67 | Nkr25.74 | x |
| 2008-12-31 | Nkr12.14 | Nkr25.74 | x |
| 2009-12-31 | Nkr14.56 | Nkr25.74 | x |
| 2010-12-31 | Nkr17.71 | Nkr25.74 | x |
| 2011-12-31 | Nkr15.23 | Nkr25.74 | x |
| 2012-12-31 | Nkr13.71 | Nkr25.74 | x |
| 2013-12-31 | Nkr18.01 | Nkr25.74 | x |
| 2014-12-31 | Nkr20.12 | Nkr25.74 | x |
| 2015-12-31 | Nkr19.99 | Nkr25.74 | x |
| 2016-12-31 | Nkr28.54 | Nkr25.74 | x |
| 2017-12-31 | Nkr29.93 | Nkr25.74 | x |
| 2018-12-31 | Nkr34.72 | Nkr25.74 | x |
| 2019-12-31 | Nkr36.98 | Nkr25.74 | x |
| 2020-12-31 | Nkr39.13 | Nkr25.74 | x |
| 2021-12-31 | Nkr49.55 | Nkr25.74 | x |
| 2022-12-31 | Nkr61.64 | Nkr25.74 | x |
| 2023-12-31 | Nkr59.48 | Nkr25.74 | x |
| 2024-12-31 | Nkr34.31 | Nkr25.74 | x |
| 2025-12-31 | Nkr39.71 | Nkr25.74 | 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): 24.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.04%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.95x
- Recent ROE (24.90%) is above the historical average (7.16%), indicating improving 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% | -73.86% | 0.25x | 3.39x | Nkr-2.84 Billion |
| 2025 | 24.90% | 30.04% | 0.42x | 1.95x | Nkr664.09 Million |
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: $2,310,090,395
- Average return on equity (ROE) among peers: -1448.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grieg Seafood ASA (GSF) | Nkr4.50 Billion | 19.23% | 0.93x | $304.02 Million |
| Andfjord Salmon AS (ANDF) | $323.27 Million | -10.64% | 0.49x | $272.73 Million |
| Atlantic Sapphire As (ASA) | $239.56 Million | -55.43% | 0.30x | $2.95 Million |
| Austevoll Seafood ASA (AUSS) | $18.21 Billion | 9.03% | 0.92x | $1.78 Billion |
| P/f Bakkafrost (BAKKA) | $388.89 Million | 38.24% | 0.60x | $2.81 Billion |
| Barramundi Group Ltd (BARRA) | $515.47K | -12973.86% | 56.09x | $9.19 Million |
| Biofish Holding AS (BFISH) | $11.92 Million | 9.59% | 7.15x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $61.98 Million | -53.97% | 0.40x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $481.51 Million | 0.15% | 0.37x | $91.19 Million |
| Ice Fish Farm AS (IFISH) | $1.07 Billion | 3.59% | 0.37x | $66.26 Million |
About Grieg Seafood ASA
Grieg Seafood ASA, a seafood company, engages in the farming, production, and sale of Atlantic salmon in Continental Europe, the United Kingdom, the United States, Canada, Asia, and internationally. The company also provides aquaculture services; and byproducts, including smolt, fry, roe, and ensilage. It serves wholesalers, producers, and retailers. The company was incorporated in 1988 and is he… Read more