Masoval AS (MAS) - Net Assets
Based on the latest financial reports, Masoval AS (MAS) has net assets worth Nkr1.83 Billion NOK (≈ $193.06 Million USD) 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 ≈ $544.62 Million USD) and total liabilities (Nkr3.34 Billion ≈ $351.56 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. Read Masoval AS (MAS) financial obligations for a breakdown of total debt and financial obligations.
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. Also explore Masoval AS total assets for the complete picture of this company's asset base.
Annual Net Assets for Masoval AS (2018–2024)
The table below shows the annual net assets of Masoval AS from 2018 to 2024. For live valuation and market cap data, see Masoval AS (MAS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
BTQ Technologies Corp.
NEO:BTQ
|
$425.43 Million |
|
Meihua International Medical Technologies Co Ltd
NASDAQ:MHUA
|
$425.43 Million |
|
Lexeo Therapeutics, Inc. Common Stock
NASDAQ:LXEO
|
$425.52 Million |
|
Shanghai Ace Invest&Dvlp Co
SHG:603329
|
$425.55 Million |
|
Qingdao Richen Food Co Ltd
SHG:603755
|
$425.40 Million |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
$425.40 Million |
|
Shoppers Stop Limited
NSE:SHOPERSTOP
|
$425.38 Million |
|
Beijing Yupont Electric Power Technology Co Ltd
SHG:688597
|
$425.37 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: 2.19x
- 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 9.98x to 2.19x 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 | Nkr33.00 | x |
| 2019-12-31 | Nkr3.83 | Nkr33.00 | x |
| 2020-12-31 | Nkr4.92 | Nkr33.00 | x |
| 2021-12-31 | Nkr12.67 | Nkr33.00 | x |
| 2022-12-31 | Nkr15.94 | Nkr33.00 | x |
| 2023-12-31 | Nkr14.33 | Nkr33.00 | x |
| 2024-12-31 | Nkr15.03 | Nkr33.00 | 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: $2,833,707,541
- Average return on equity (ROE) among peers: -2.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Masoval AS (MAS) | Nkr1.83 Billion | 37.79% | 1.82x | $425.42 Million |
| Andfjord Salmon AS (ANDF) | $993.69 Million | -7.02% | 0.22x | $272.73 Million |
| Atlantic Sapphire As (ASA) | $137.44 Million | -8.29% | 0.11x | $10.70 Million |
| Austevoll Seafood ASA (AUSS) | $22.99 Billion | 3.58% | 0.73x | $1.91 Billion |
| P/f Bakkafrost (BAKKA) | $2.06 Billion | 31.36% | 0.68x | $2.58 Billion |
| Barramundi Group Ltd (BARRA) | $12.40 Million | 0.00% | 0.74x | $11.63 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $54.54 Million | -56.38% | 0.13x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $162.20 Million |
| Grieg Seafood ASA (GSF) | $1.51 Billion | -9.73% | 1.69x | $380.32 Million |
| Ice Fish Farm AS (IFISH) | $270.46 Million | -11.32% | 0.78x | $46.32 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 Frøya, Norway. Måsøval AS operates as a subsidiary of Måsøval Eiendom AS.