Horisont Energi AS (HRGI) - Net Assets
Based on the latest financial reports, Horisont Energi AS (HRGI) has net assets worth Nkr35.23 Million NOK (≈ $3.71 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 (Nkr42.32 Million ≈ $4.45 Million USD) and total liabilities (Nkr7.09 Million ≈ $746.14K 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 HRGI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr35.23 Million |
| % of Total Assets | 83.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 166.48 |
Horisont Energi AS - Net Assets Trend (2019–2024)
This chart illustrates how Horisont Energi AS's net assets have evolved over time, based on quarterly financial data. Also explore HRGI current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Horisont Energi AS (2019–2024)
The table below shows the annual net assets of Horisont Energi AS from 2019 to 2024. For live valuation and market cap data, see HRGI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr81.89 Million ≈ $8.62 Million |
-57.24% |
| 2023-12-31 | Nkr191.49 Million ≈ $20.15 Million |
-50.03% |
| 2022-12-31 | Nkr383.18 Million ≈ $40.32 Million |
+299.47% |
| 2021-12-31 | Nkr95.92 Million ≈ $10.09 Million |
+15157.61% |
| 2020-12-31 | Nkr-637.03K ≈ $-67.03K |
-197.64% |
| 2019-12-31 | Nkr-214.03K ≈ $-22.52K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Horisont Energi 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 31026000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr223.26K | 0.27% |
| Other Components | Nkr81.67 Million | 99.73% |
| Total Equity | Nkr81.89 Million | 100.00% |
Horisont Energi AS Competitors by Market Cap
The table below lists competitors of Horisont Energi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Megapower Makmur TBK PT
JK:MPOW
|
$5.74 Million |
|
ARK Resources Bhd
KLSE:7007
|
$5.75 Million |
|
Cann Group Ltd
AU:CAN
|
$5.75 Million |
|
Foresight Group Holdings Limited
LSE:FSG
|
$5.76 Million |
|
Permsin Steel Works Public Company Limited
BK:PERM
|
$5.74 Million |
|
Freehill Mining Ltd
AU:FHS
|
$5.73 Million |
|
The North American Income Trust plc
LSE:NAIT
|
$5.73 Million |
|
Transcode Therapeutics Inc
NASDAQ:RNAZ
|
$5.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horisont Energi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 191,488,450 to 81,888,590, a change of -109,599,860 (-57.2%).
- Net loss of 109,842,130 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-109.84 Million | -134.14% |
| Other Changes | Nkr242.27K | +0.3% |
| Total Change | Nkr- | -57.24% |
Book Value vs Market Value Analysis
This analysis compares Horisont Energi 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: 0.35x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Nkr-0.01 | Nkr1.30 | x |
| 2020-12-31 | Nkr-0.04 | Nkr1.30 | x |
| 2021-12-31 | Nkr6.05 | Nkr1.30 | x |
| 2022-12-31 | Nkr17.16 | Nkr1.30 | x |
| 2023-12-31 | Nkr8.58 | Nkr1.30 | x |
| 2024-12-31 | Nkr3.67 | Nkr1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horisont Energi 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): -134.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2779.60%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.30x
- Recent ROE (-134.14%) is below the historical average (-54.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | Nkr-288.86K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | Nkr-4.36 Million |
| 2021 | -54.52% | -13945.52% | 0.00x | 1.50x | Nkr-61.89 Million |
| 2022 | -34.91% | 0.00% | 0.00x | 1.16x | Nkr-172.10 Million |
| 2023 | -100.77% | -3859.10% | 0.02x | 1.36x | Nkr-212.10 Million |
| 2024 | -134.14% | -2779.60% | 0.04x | 1.30x | Nkr-118.03 Million |
Industry Comparison
This section compares Horisont Energi AS's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $321,646,264
- Average return on equity (ROE) among peers: -23.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horisont Energi AS (HRGI) | Nkr35.23 Million | 0.00% | 0.20x | $5.74 Million |
| Aker Carbon Capture ASA (ACC) | $877.84 Million | -23.25% | 0.48x | $2.05 Million |
| Cambi ASA (CAMBI) | $150.39 Million | 13.50% | 1.17x | $362.05 Million |
| Co2 Capsol AS (CAPSL) | $33.92 Million | -127.96% | 3.30x | $34.96 Million |
| Pyrum Innovations AG (PYRUM) | $22.38 Million | -42.50% | 1.28x | $131.00 Million |
| Vow ASA (VOW) | $523.70 Million | 61.73% | 1.11x | $85.72 Million |
About Horisont Energi AS
NOS Nova AS operates as a clean energy company in Norway. The company offers clean ammonia and hydrogen; carbon transport and storage services; and midstream CCS infrastructure, such as carbon dioxide terminals and pipelines. Its projects include the Gismarvik CO2 hub in Rogaland, Norway; the Barents Blue clean ammonia plant that produces ammonia from clean water, renewable energy, and low-carbon… Read more