Masoval AS
Måsøval AS, an aquaculture company, produces and sells salmon in Norway and internationally. The company was founded in 1973 and is headquartered in Frøya, Norway. Måsøval AS operates as a subsidiary of Måsøval Eiendom AS.
Masoval AS (MAS) - Net Assets
Latest net assets as of September 2025: Nkr1.83 Billion NOK
Based on the latest financial reports, Masoval AS (MAS) has net assets worth Nkr1.83 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr5.18 Billion) and total liabilities (Nkr3.34 Billion). 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 | Nkr1.83 Billion |
| % of Total Assets | 35.45% |
| Annual Growth Rate | 31.19% |
| 5-Year Change | 277.26% |
| 10-Year Change | N/A |
| Growth Volatility | 62.01 |
Masoval AS - Net Assets Trend (2018–2024)
This chart illustrates how Masoval 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 Masoval AS (2018–2024)
The table below shows the annual net assets of Masoval AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.86 Billion | +3.45% |
| 2023-12-31 | Nkr1.79 Billion | -9.79% |
| 2022-12-31 | Nkr1.99 Billion | +47.27% |
| 2021-12-31 | Nkr1.35 Billion | +174.50% |
| 2020-12-31 | Nkr492.02 Million | +16.92% |
| 2019-12-31 | Nkr420.82 Million | +15.64% |
| 2018-12-31 | Nkr363.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Masoval 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 181.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr938.82 Million | 50.97% |
| Common Stock | Nkr30.63 Million | 1.66% |
| Other Components | Nkr872.43 Million | 47.37% |
| Total Equity | Nkr1.84 Billion | 100.00% |
Masoval AS Competitors by Market Cap
The table below lists competitors of Masoval AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ucloudlink Group Inc
NASDAQ:UCL
|
$62.85 Million |
|
ACOTEC SCIEN.H. DL-00001
F:7W3
|
$62.85 Million |
|
Sunjuice Holdings Co Ltd
TW:1256
|
$62.86 Million |
|
CANBRIDGE PHARM.DL-00001
F:MF1
|
$62.87 Million |
|
Info Yatirim AS
IS:INFO
|
$62.83 Million |
|
KANAMIC NETWORK CO. O.N.
F:0WT
|
$62.82 Million |
|
ViGenCell Inc.
KQ:308080
|
$62.81 Million |
|
Easy Field
TWO:6425
|
$62.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Masoval AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,755,774,000 to 1,841,874,000, a change of 86,100,000 (4.9%).
- Net income of 147,354,000 contributed positively to equity growth.
- Dividend payments of 61,254,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr147.35 Million | +8.0% |
| Dividends Paid | Nkr61.25 Million | -3.33% |
| Total Change | Nkr- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares Masoval 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: 1.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.98x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr3.31 | Nkr23.10 | x |
| 2019-12-31 | Nkr3.83 | Nkr23.10 | x |
| 2020-12-31 | Nkr4.92 | Nkr23.10 | x |
| 2021-12-31 | Nkr12.67 | Nkr23.10 | x |
| 2022-12-31 | Nkr15.94 | Nkr23.10 | x |
| 2023-12-31 | Nkr14.33 | Nkr23.10 | x |
| 2024-12-31 | Nkr15.03 | Nkr23.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Masoval 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): 8.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.60%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 2.85x
- Recent ROE (8.00%) is below the historical average (21.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 37.79% | 17.81% | 0.70x | 3.01x | Nkr99.63 Million |
| 2019 | 29.43% | 14.40% | 0.75x | 2.72x | Nkr80.70 Million |
| 2020 | 40.94% | 22.44% | 0.53x | 3.43x | Nkr150.49 Million |
| 2021 | 12.45% | 14.71% | 0.29x | 2.93x | Nkr32.31 Million |
| 2022 | 31.80% | 32.71% | 0.38x | 2.55x | Nkr425.66 Million |
| 2023 | -7.74% | -5.71% | 0.46x | 2.94x | Nkr-311.48 Million |
| 2024 | 8.00% | 6.60% | 0.43x | 2.85x | Nkr-36.83 Million |
Industry Comparison
This section compares Masoval AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $324,375,095
- Average return on equity (ROE) among peers: -4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Masoval AS (MAS) | Nkr1.83 Billion | 37.79% | 1.82x | $62.85 Million |
| Arctic Fish Holding AS (AFISH) | $30.57 Million | -12.06% | 0.97x | $31.84 Million |
| Andfjord Salmon AS (ANDF) | $475.70 Million | -11.91% | 0.34x | $10.72 Million |
| Biofish Holding AS (BFISH) | $14.15 Million | 17.24% | 8.18x | $5.15 Million |
| Gigante Salmon AS (GIGA) | $715.76 Million | -0.29% | 0.70x | $20.76 Million |
| Ice Fish Farm AS (IFISH) | $1.12 Billion | 1.78% | 0.53x | $3.01 Million |
| Icelandic Salmon As (ISLAX) | $66.08 Million | 2.38% | 0.95x | $71.17 Million |
| Kingfish Company Nv (KING) | $67.85 Million | -5.31% | 0.20x | $13.88 Million |
| Norcod As (NCOD) | $341.05 Million | -14.92% | 0.73x | $13.42 Million |
| Nordic Aqua Partners As (NOAP) | $86.88 Million | -20.05% | 0.82x | $29.44 Million |