Morrow Bank ASA (MOBA) - Net Assets
Based on the latest financial reports, Morrow Bank ASA (MOBA) has net assets worth Nkr2.64 Billion NOK (≈ $278.05 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 (Nkr19.10 Billion ≈ $2.01 Billion USD) and total liabilities (Nkr16.46 Billion ≈ $1.73 Billion 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 MOBA PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.64 Billion |
| % of Total Assets | 13.83% |
| Annual Growth Rate | 31.2% |
| 5-Year Change | 7.18% |
| 10-Year Change | 638.59% |
| Growth Volatility | 45.25 |
Morrow Bank ASA - Net Assets Trend (2014–2024)
This chart illustrates how Morrow Bank ASA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MOBA market cap overview.
Annual Net Assets for Morrow Bank ASA (2014–2024)
The table below shows the annual net assets of Morrow Bank ASA from 2014 to 2024. Also explore net asset growth rate of Morrow Bank ASA to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.47 Billion ≈ $259.82 Million |
+8.34% |
| 2023-12-31 | Nkr2.28 Billion ≈ $239.83 Million |
+16.68% |
| 2022-12-31 | Nkr1.95 Billion ≈ $205.54 Million |
-0.55% |
| 2021-12-31 | Nkr1.96 Billion ≈ $206.68 Million |
-14.74% |
| 2020-12-31 | Nkr2.30 Billion ≈ $242.42 Million |
+24.55% |
| 2019-12-31 | Nkr1.85 Billion ≈ $194.63 Million |
+14.19% |
| 2018-12-31 | Nkr1.62 Billion ≈ $170.45 Million |
+15.55% |
| 2017-12-31 | Nkr1.40 Billion ≈ $147.51 Million |
+95.18% |
| 2016-12-31 | Nkr718.20 Million ≈ $75.58 Million |
+114.84% |
| 2015-12-31 | Nkr334.30 Million ≈ $35.18 Million |
+104.73% |
| 2014-12-31 | Nkr163.29 Million ≈ $17.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Morrow Bank ASA'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 107706700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr1.05 Billion | 42.36% |
| Common Stock | Nkr230.00 Million | 9.32% |
| Other Components | Nkr1.19 Billion | 48.32% |
| Total Equity | Nkr2.47 Billion | 100.00% |
Morrow Bank ASA Competitors by Market Cap
The table below lists competitors of Morrow Bank ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Jiuwu Hi-Tech Co Ltd
SHE:300631
|
$390.84 Million |
|
Hamborner REIT AG
XETRA:HABA
|
$390.85 Million |
|
Zhengzhou J and T Hi Tech Co
SHE:300845
|
$390.89 Million |
|
BridgeBio Oncology Therapeutics, Inc.
NASDAQ:BBOT
|
$390.92 Million |
|
Virgin Galactic Holdings Inc
NYSE:SPCE
|
$390.75 Million |
|
ASTON MART.LA.UADR LS-001
F:A5S0
|
$390.66 Million |
|
Xinjiang Tianrun Dairy Co Ltd
SHG:600419
|
$390.59 Million |
|
Yung Chi Paint & Varnish Mfg Co Ltd
TW:1726
|
$390.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morrow Bank ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,279,100,000 to 2,469,100,000, a change of 190,000,000 (8.3%).
- Net income of 189,400,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr189.40 Million | +7.67% |
| Other Changes | Nkr600.00K | +0.02% |
| Total Change | Nkr- | 8.34% |
Book Value vs Market Value Analysis
This analysis compares Morrow Bank ASA'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: 1.52x
- 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 16.19x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Nkr0.99 | Nkr16.05 | x |
| 2015-12-31 | Nkr2.03 | Nkr16.05 | x |
| 2016-12-31 | Nkr4.84 | Nkr16.05 | x |
| 2017-12-31 | Nkr7.48 | Nkr16.05 | x |
| 2018-12-31 | Nkr8.63 | Nkr16.05 | x |
| 2019-12-31 | Nkr9.82 | Nkr16.05 | x |
| 2020-12-31 | Nkr12.14 | Nkr16.05 | x |
| 2021-12-31 | Nkr10.51 | Nkr16.05 | x |
| 2022-12-31 | Nkr10.21 | Nkr16.05 | x |
| 2023-12-31 | Nkr10.45 | Nkr16.05 | x |
| 2024-12-31 | Nkr10.57 | Nkr16.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morrow Bank ASA 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): 7.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.36%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 7.54x
- Recent ROE (7.67%) is above the historical average (6.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -14.02% | -84.50% | 0.03x | 5.12x | Nkr-39.23 Million |
| 2015 | 3.38% | 7.02% | 0.08x | 6.29x | Nkr-22.14 Million |
| 2016 | 17.99% | 29.26% | 0.11x | 5.79x | Nkr57.38 Million |
| 2017 | 19.53% | 34.41% | 0.13x | 4.54x | Nkr133.62 Million |
| 2018 | 20.44% | 28.24% | 0.12x | 5.96x | Nkr169.12 Million |
| 2019 | 10.97% | 15.11% | 0.13x | 5.74x | Nkr17.94 Million |
| 2020 | 11.41% | 21.10% | 0.11x | 5.03x | Nkr32.43 Million |
| 2021 | -10.63% | -21.78% | 0.09x | 5.15x | Nkr-405.11 Million |
| 2022 | 0.05% | 0.10% | 0.08x | 5.90x | Nkr-194.43 Million |
| 2023 | 6.66% | 10.74% | 0.10x | 6.00x | Nkr-76.01 Million |
| 2024 | 7.67% | 10.36% | 0.10x | 7.54x | Nkr-57.51 Million |
Industry Comparison
This section compares Morrow Bank ASA's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $3,579,475,900
- Average return on equity (ROE) among peers: -23.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Morrow Bank ASA (MOBA) | Nkr2.64 Billion | -14.02% | 6.23x | $390.78 Million |
| Aasen Sparebank (AASB) | $380.86 Million | 8.04% | 8.07x | $24.75 Million |
| Aurskog Sparebank (AURG) | $2.55 Billion | 10.17% | 7.33x | $125.50 Million |
| Bien Sparebank ASA (BIEN) | $716.68 Million | 8.48% | 6.61x | $84.88 Million |
| DnB ASA (DNB) | $23.91 Billion | 16.80% | 13.39x | $47.25 Billion |
| Grong Sparebank (GRONG) | $616.11 Million | 8.63% | 9.40x | $76.50 Million |
| Helgeland Sparebank (HELG) | $4.94 Billion | 9.02% | 6.83x | $482.63 Million |
| Holand og Setskog Sparebank (HSPG) | $564.82 Million | 8.24% | 8.38x | $8.77 Million |
| Instabank ASA (INSTA) | $583.68 Million | 7.31% | 5.85x | $221.70 Million |
| Jaeren Sparebank (JAREN) | $1.53 Billion | 7.83% | 7.96x | $173.35 Million |
| Kraft Bank Asa (KRAB) | $1.31 Million | -314.77% | 0.33x | $55.27 Million |
About Morrow Bank ASA
Morrow Bank ASA provides unsecured financing to private individuals in Norway, Finland, Sweden, Netherlands, and Germany. The company offers deposit products, consumer loans, credit cards, and point of sale finance products. It also provides payment, travel and cancellation, purchase insurance products, as well as ID theft services. The company was formerly known as Komplett Bank ASA and changed … Read more