Masoval AS (MAS) - Net Assets
Based on the latest financial reports, Masoval AS (MAS) has net assets worth Nkr1.72 Billion NOK (≈ $180.49 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr4.74 Billion ≈ $499.11 Million USD) and total liabilities (Nkr3.03 Billion ≈ $318.62 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 asset allocation strategy of Masoval AS to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.72 Billion |
| % of Total Assets | 36.16% |
| Annual Growth Rate | 25.77% |
| 5-Year Change | 34.15% |
| 10-Year Change | N/A |
| Growth Volatility | 59.42 |
Masoval AS - Net Assets Trend (2018–2025)
This chart illustrates how Masoval AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Masoval AS stock valuation.
Annual Net Assets for Masoval AS (2018–2025)
The table below shows the annual net assets of Masoval AS from 2018 to 2025. Also explore how fast is Masoval AS growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr1.81 Billion ≈ $190.65 Million |
-2.39% |
| 2024-12-31 | Nkr1.86 Billion ≈ $195.32 Million |
+3.45% |
| 2023-12-31 | Nkr1.79 Billion ≈ $188.81 Million |
-9.79% |
| 2022-12-31 | Nkr1.99 Billion ≈ $209.30 Million |
+47.27% |
| 2021-12-31 | Nkr1.35 Billion ≈ $142.12 Million |
+174.50% |
| 2020-12-31 | Nkr492.02 Million ≈ $51.77 Million |
+16.92% |
| 2019-12-31 | Nkr420.82 Million ≈ $44.28 Million |
+15.64% |
| 2018-12-31 | Nkr363.91 Million ≈ $38.29 Million |
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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 166.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr889.27 Million | 49.76% |
| Other Components | Nkr897.77 Million | 50.24% |
| Total Equity | Nkr1.79 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 |
|---|---|
|
Jiangsu Xiuqiang Glasswork Co
SHE:300160
|
$488.62 Million |
|
ZRP Printing Group Co. Ltd.
SHE:301223
|
$488.63 Million |
|
Sijin Intelligent Forming Machinery
SHE:003025
|
$488.64 Million |
|
Pilani Investment and Industries Corporation Limited
NSE:PILANIINVS
|
$488.76 Million |
|
AgomAb Therapeutics NV American Depositary Shares
NASDAQ:AGMB
|
$488.54 Million |
|
Wam Global Ltd
AU:WGB
|
$488.52 Million |
|
Zhejiang Kanglongda Special
SHG:603665
|
$488.49 Million |
|
Shanghai National Center of Testing and Inspection for Electric Cable and Wire Co. Ltd.
SHE:301289
|
$488.40 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 2024 to 2025, total equity changed from 1,841,874,000 to 1,787,039,000, a change of -54,835,000 (-3.0%).
- Net loss of 73,030,000 reduced equity.
- Other factors increased equity by 18,195,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-73.03 Million | -4.09% |
| Other Changes | Nkr18.20 Million | +1.02% |
| Total Change | Nkr- | -2.98% |
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: 2.60x
- 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 11.46x to 2.60x 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 | Nkr37.90 | x |
| 2019-12-31 | Nkr3.83 | Nkr37.90 | x |
| 2020-12-31 | Nkr4.92 | Nkr37.90 | x |
| 2021-12-31 | Nkr12.67 | Nkr37.90 | x |
| 2022-12-31 | Nkr15.94 | Nkr37.90 | x |
| 2023-12-31 | Nkr14.33 | Nkr37.90 | x |
| 2024-12-31 | Nkr15.03 | Nkr37.90 | x |
| 2025-12-31 | Nkr14.59 | Nkr37.90 | 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): -4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.11%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.82x
- Recent ROE (-4.09%) is below the historical average (18.57%), 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 |
| 2025 | -4.09% | -3.11% | 0.47x | 2.82x | Nkr-251.73 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: $4,131,660,939
- Average return on equity (ROE) among peers: -14.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Masoval AS (MAS) | Nkr1.72 Billion | 37.79% | 1.77x | $488.58 Million |
| Andfjord Salmon AS (ANDF) | $5.05 Million | -41.14% | 0.27x | $280.78 Million |
| Atlantic Sapphire As (ASA) | $283.14 Million | -47.24% | 0.21x | $2.83 Million |
| Austevoll Seafood ASA (AUSS) | $28.16 Billion | 15.22% | 0.71x | $1.77 Billion |
| P/f Bakkafrost (BAKKA) | $4.08 Billion | 23.55% | 0.42x | $2.69 Billion |
| Barramundi Group Ltd (BARRA) | $9.11 Million | -138.30% | 2.88x | $10.15 Million |
| Biofish Holding AS (BFISH) | $194.63 Million | -9.16% | 0.33x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $47.79 Million | 23.32% | 0.05x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $715.76 Million | -0.29% | 0.70x | $88.31 Million |
| Grieg Seafood ASA (GSF) | $4.46 Billion | 24.90% | 0.95x | $307.33 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $66.26 Million |
About 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 Froya, Norway. Måsøval AS operates as a subsidiary of Måsøval Eiendom AS.