MORELD AS
Moreld ASA provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally. It operates through Moreld Apply, Ocean Installer, and Global Maritime segments. The company undertakes marine and subsea construction works; and offers a range of services, such as subsea umbilicals, risers, flowlines, moorings, offshore renewables, and carbon capture and storag… Read more
MORELD AS (MORLD) - Net Assets
Latest net assets as of March 2025: Nkr803.00 Million NOK
Based on the latest financial reports, MORELD AS (MORLD) has net assets worth Nkr803.00 Million NOK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr6.81 Billion) and total liabilities (Nkr6.01 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 | Nkr803.00 Million |
| % of Total Assets | 11.79% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
MORELD AS - Net Assets Trend (2023–2024)
This chart illustrates how MORELD 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 MORELD AS (2023–2024)
The table below shows the annual net assets of MORELD AS from 2023 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr698.55 Million | +3500.94% |
| 2023-12-31 | Nkr-20.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MORELD 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 decreased by 18258900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr902.30 Million | 129.17% |
| Total Equity | Nkr698.55 Million | 100.00% |
MORELD AS Competitors by Market Cap
The table below lists competitors of MORELD AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Malaga Financial Corporation
PINK:MLGF
|
$82.17 Million |
|
Sun Silver Ltd
AU:SS1
|
$82.21 Million |
|
Gan Ltd
NASDAQ:GAN
|
$82.24 Million |
|
Industri Dan Perdagangan Bintraco Dharma Tbk PT
JK:CARS
|
$82.24 Million |
|
United Bankers Oyj
HE:UNITED
|
$82.07 Million |
|
KPS Corporation
KQ:256940
|
$82.07 Million |
|
Cosmo Electronics Corp
TW:2466
|
$82.06 Million |
|
Pharmaniaga Bhd
KLSE:7081
|
$82.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MORELD AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -20,540,000 to 698,554,000, a change of 719,094,000.
- Net loss of 711,288,000 reduced equity.
- Share repurchases of 874,175,000 reduced equity.
- Other factors increased equity by 2,304,557,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-711.29 Million | -101.82% |
| Share Repurchases | Nkr874.17 Million | -125.14% |
| Other Changes | Nkr2.30 Billion | +329.9% |
| Total Change | Nkr- | % |
Book Value vs Market Value Analysis
This analysis compares MORELD 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: 4.16x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | Nkr-0.33 | Nkr16.54 | x |
| 2024-12-31 | Nkr3.97 | Nkr16.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MORELD 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): -101.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.98%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 10.29x
- Recent ROE (-101.82%) is below the historical average (-50.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | -1977.38% | 0.00x | 0.00x | Nkr-19.10 Million |
| 2024 | -101.82% | -9.98% | 0.99x | 10.29x | Nkr-781.14 Million |
Industry Comparison
This section compares MORELD AS's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $937,357,846
- Average return on equity (ROE) among peers: 156.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MORELD AS (MORLD) | Nkr803.00 Million | 0.00% | 7.48x | $82.08 Million |
| Aker Solutions ASA (AKSO) | $5.89 Billion | 21.72% | 3.65x | $1.29 Billion |
| Aquila Holdings ASA (AQUIL) | $47.65 Million | 2.93% | 0.11x | $9.46 Million |
| Argeo AS (ARGEO) | $148.05 Million | -12.23% | 0.13x | $1.05 Million |
| Eidesvik Offshore ASA (EIOF) | $2.13 Billion | -8.19% | 1.61x | $11.08 Million |
| Electromagnetic Geoservices ASA (EMGS) | $3.33 Million | -1098.74% | 21.46x | $937.88K |
| SED Energy Holdings Plc (ENH) | $28.74 Million | -44.75% | 1.29x | $6.98K |
| Edda Wind ASA (EWIND) | $63.18 Million | 4.77% | 1.40x | $57.04 Million |
| Prosafe SE (PRS) | $36.30 Million | 2556.20% | 12.58x | $53.14 Million |
| Petrolia SE (PSE) | $90.58 Million | -8.90% | 1.52x | $4.38 Million |