Hynion AS
Hynion AS, together with its subsidiaries, operates as a hydrogen fuel company in Norway and Sweden. It sells hydrogen fuels to personal vehicles, taxis, busses, and trucks through hydrogen refueling stations; and sells turn-key hydrogen refueling station. The company was formerly known as Hydrogenisk AS and changed its name to Hynion AS in September 2019. Hynion AS was incorporated in 2019 and i… Read more
Hynion AS (HYN) - Net Assets
Latest net assets as of June 2024: Nkr16.46 Million NOK
Based on the latest financial reports, Hynion AS (HYN) has net assets worth Nkr16.46 Million NOK as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr45.55 Million) and total liabilities (Nkr29.09 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr16.46 Million |
| % of Total Assets | 36.14% |
| Annual Growth Rate | 126.64% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 345.12 |
Hynion AS - Net Assets Trend (2019–2023)
This chart illustrates how Hynion AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hynion AS (2019–2023)
The table below shows the annual net assets of Hynion AS from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr25.91 Million | -53.49% |
| 2022-12-31 | Nkr55.70 Million | -1.09% |
| 2021-12-31 | Nkr56.32 Million | +705.62% |
| 2020-12-31 | Nkr6.99 Million | +611.91% |
| 2019-12-31 | Nkr981.96K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hynion 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 300803000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr535.21K | 2.07% |
| Other Components | Nkr25.37 Million | 97.93% |
| Total Equity | Nkr25.91 Million | 100.00% |
Hynion AS Competitors by Market Cap
The table below lists competitors of Hynion AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NETGEAR
MU:NGJ
|
$183.75K |
|
LAGARDERE SCA N - Dusseldorf Stock Exchang
DU:LAG
|
$183.80K |
|
REAI
NASDAQ:REAI
|
$184.30K |
|
FinecoBank SpA
DU:ZS3
|
$184.41K |
|
Barings Corporate Investors
NYSE:MCI
|
$183.54K |
|
BIX USA Aktier ESG Universal A
CO:BXIUU
|
$183.54K |
|
HECLA MINING - Dusseldorf Stock Exchang
DU:HCL
|
$183.40K |
|
Kolon Industries Inc. Pfd. Series 1
KQ:120115
|
$183.20K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hynion AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 55,701,760 to 25,907,871, a change of -29,793,889 (-53.5%).
- Net loss of 32,220,080 reduced equity.
- Share repurchases of 660,680 reduced equity.
- New share issuances of 660,683 increased equity.
- Other factors increased equity by 2,426,188.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-32.22 Million | -124.36% |
| Share Repurchases | Nkr660.68K | -2.55% |
| Share Issuances | Nkr660.68K | +2.55% |
| Other Changes | Nkr2.43 Million | +9.36% |
| Total Change | Nkr- | -53.49% |
Book Value vs Market Value Analysis
This analysis compares Hynion 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: 0.08x
- 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 decreased from 1.48x to 0.08x 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 | Nkr0.01 | Nkr0.02 | x |
| 2020-12-31 | Nkr0.13 | Nkr0.02 | x |
| 2021-12-31 | Nkr1.01 | Nkr0.02 | x |
| 2022-12-31 | Nkr0.53 | Nkr0.02 | x |
| 2023-12-31 | Nkr0.24 | Nkr0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hynion 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): -124.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -695.68%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.38x
- Recent ROE (-124.36%) is below the historical average (-120.05%), 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 | -306.33% | -1350.83% | 0.13x | 1.71x | Nkr-3.11 Million |
| 2020 | -87.31% | -713.99% | 0.11x | 1.16x | Nkr-6.80 Million |
| 2021 | -29.84% | -975.79% | 0.03x | 1.09x | Nkr-22.44 Million |
| 2022 | -52.41% | -702.37% | 0.06x | 1.26x | Nkr-34.76 Million |
| 2023 | -124.36% | -695.68% | 0.13x | 1.38x | Nkr-34.81 Million |
Industry Comparison
This section compares Hynion AS's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $1,634,385,185
- Average return on equity (ROE) among peers: 17.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hynion AS (HYN) | Nkr16.46 Million | -306.33% | 1.77x | $183.65K |
| Elektroimportoren As (ELIMP) | $55.86 Million | 26.49% | 6.63x | $19.48 Million |
| Kid ASA (KID) | $1.00 Billion | 13.37% | 1.10x | $366.39 Million |
| XXL ASA (XXL) | $3.85 Billion | 13.32% | 1.00x | $41.13 Million |