Nel ASA (NEL) - Net Assets
Based on the latest financial reports, Nel ASA (NEL) has net assets worth Nkr4.89 Billion NOK (≈ $514.40 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr6.15 Billion ≈ $646.71 Million USD) and total liabilities (Nkr1.26 Billion ≈ $132.31 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 NEL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr4.89 Billion |
| % of Total Assets | 79.54% |
| Annual Growth Rate | 33.21% |
| 5-Year Change | -8.98% |
| 10-Year Change | 580.88% |
| Growth Volatility | 449.66 |
Nel ASA - Net Assets Trend (2002–2024)
This chart illustrates how Nel ASA's net assets have evolved over time, based on quarterly financial data. Also explore Nel ASA asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Nel ASA (2002–2024)
The table below shows the annual net assets of Nel ASA from 2002 to 2024. For live valuation and market cap data, see NEL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr4.98 Billion ≈ $523.75 Million |
-19.69% |
| 2023-12-31 | Nkr6.20 Billion ≈ $652.18 Million |
+13.73% |
| 2022-12-31 | Nkr5.45 Billion ≈ $573.46 Million |
+8.15% |
| 2021-12-31 | Nkr5.04 Billion ≈ $530.22 Million |
-7.86% |
| 2020-12-31 | Nkr5.47 Billion ≈ $575.42 Million |
+196.13% |
| 2019-12-31 | Nkr1.85 Billion ≈ $194.32 Million |
+16.95% |
| 2018-12-31 | Nkr1.58 Billion ≈ $166.15 Million |
+12.03% |
| 2017-12-31 | Nkr1.41 Billion ≈ $148.31 Million |
+109.97% |
| 2016-12-31 | Nkr671.22 Million ≈ $70.63 Million |
-8.18% |
| 2015-12-31 | Nkr731.01 Million ≈ $76.92 Million |
+273.08% |
| 2014-12-31 | Nkr195.94 Million ≈ $20.62 Million |
+2158.60% |
| 2013-12-31 | Nkr8.68 Million ≈ $912.88K |
-35.66% |
| 2012-12-31 | Nkr13.48 Million ≈ $1.42 Million |
-75.48% |
| 2011-12-31 | Nkr54.98 Million ≈ $5.78 Million |
-38.64% |
| 2010-12-31 | Nkr89.60 Million ≈ $9.43 Million |
+205.03% |
| 2009-12-31 | Nkr29.37 Million ≈ $3.09 Million |
+3.38% |
| 2008-12-31 | Nkr28.41 Million ≈ $2.99 Million |
+34.95% |
| 2007-12-31 | Nkr21.05 Million ≈ $2.22 Million |
-13.24% |
| 2006-12-31 | Nkr24.27 Million ≈ $2.55 Million |
+78.24% |
| 2005-12-31 | Nkr13.62 Million ≈ $1.43 Million |
+7.02% |
| 2004-12-31 | Nkr12.72 Million ≈ $1.34 Million |
+82.92% |
| 2003-12-31 | Nkr6.96 Million ≈ $731.87K |
-23.17% |
| 2002-12-31 | Nkr9.05 Million ≈ $952.64K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nel 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 decreased by 317369600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr334.26 Million | 6.72% |
| Other Components | Nkr7.82 Billion | 157.05% |
| Total Equity | Nkr4.98 Billion | 100.00% |
Nel ASA Competitors by Market Cap
The table below lists competitors of Nel ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Steel Chemical Corp
TW:1723
|
$572.69 Million |
|
DRB - Hicom Bhd
KLSE:1619
|
$572.74 Million |
|
Yinchuan Xinhua Commercial Group Co Ltd
SHG:600785
|
$573.17 Million |
|
Si-Bone Inc
NASDAQ:SIBN
|
$573.20 Million |
|
Baolingbao Biology Co Ltd
SHE:002286
|
$572.48 Million |
|
Entero Healthcare Solutions Ltd.
NSE:ENTERO
|
$572.38 Million |
|
Telefonica Chile S.A.
SN:CTC
|
$572.21 Million |
|
VGI Public Company Limited
BK:VGI
|
$572.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nel ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,197,736,000 to 4,977,276,000, a change of -1,220,460,000 (-19.7%).
- Net loss of 244,342,000 reduced equity.
- Dividend payments of 625,420,000 reduced retained earnings.
- Share repurchases of 625,420,000 reduced equity.
- Other factors increased equity by 274,722,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-244.34 Million | -4.91% |
| Dividends Paid | Nkr625.42 Million | -12.57% |
| Share Repurchases | Nkr625.42 Million | -12.57% |
| Other Changes | Nkr274.72 Million | +5.52% |
| Total Change | Nkr- | -19.69% |
Book Value vs Market Value Analysis
This analysis compares Nel 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.09x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Nkr34.66 | Nkr2.96 | x |
| 2005-12-31 | Nkr24.09 | Nkr2.96 | x |
| 2006-12-31 | Nkr35.20 | Nkr2.96 | x |
| 2007-12-31 | Nkr30.53 | Nkr2.96 | x |
| 2008-12-31 | Nkr35.66 | Nkr2.96 | x |
| 2009-12-31 | Nkr33.62 | Nkr2.96 | x |
| 2010-12-31 | Nkr25.65 | Nkr2.96 | x |
| 2011-12-31 | Nkr12.48 | Nkr2.96 | x |
| 2012-12-31 | Nkr3.06 | Nkr2.96 | x |
| 2013-12-31 | Nkr1.25 | Nkr2.96 | x |
| 2014-12-31 | Nkr0.74 | Nkr2.96 | x |
| 2015-12-31 | Nkr1.39 | Nkr2.96 | x |
| 2016-12-31 | Nkr0.98 | Nkr2.96 | x |
| 2017-12-31 | Nkr1.64 | Nkr2.96 | x |
| 2018-12-31 | Nkr1.50 | Nkr2.96 | x |
| 2019-12-31 | Nkr1.53 | Nkr2.96 | x |
| 2020-12-31 | Nkr3.94 | Nkr2.96 | x |
| 2021-12-31 | Nkr3.45 | Nkr2.96 | x |
| 2022-12-31 | Nkr3.54 | Nkr2.96 | x |
| 2023-12-31 | Nkr3.71 | Nkr2.96 | x |
| 2024-12-31 | Nkr2.98 | Nkr2.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nel 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): -4.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.58%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.27x
- Recent ROE (-4.91%) is above the historical average (-79.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -82.18% | 0.00% | 0.00x | 1.29x | Nkr-11.73 Million |
| 2005 | -178.43% | -23135.89% | 0.01x | 1.32x | Nkr-25.65 Million |
| 2006 | -93.54% | -37834.42% | 0.00x | 1.40x | Nkr-25.13 Million |
| 2007 | -133.59% | -50223.28% | 0.00x | 1.43x | Nkr-30.23 Million |
| 2008 | -121.72% | 0.00% | 0.00x | 1.37x | Nkr-37.42 Million |
| 2009 | -133.90% | -30050.02% | 0.00x | 1.58x | Nkr-42.27 Million |
| 2010 | -46.68% | -3825.32% | 0.01x | 1.25x | Nkr-50.78 Million |
| 2011 | -63.22% | -1122.83% | 0.05x | 1.25x | Nkr-40.25 Million |
| 2012 | -303.36% | -32355.30% | 0.00x | 1.97x | Nkr-42.25 Million |
| 2013 | -422.27% | -23341.79% | 0.01x | 1.75x | Nkr-37.50 Million |
| 2014 | -3.32% | -53.96% | 0.05x | 1.22x | Nkr-26.11 Million |
| 2015 | -2.97% | -24.54% | 0.11x | 1.12x | Nkr-94.83 Million |
| 2016 | -8.32% | -56.71% | 0.13x | 1.14x | Nkr-122.95 Million |
| 2017 | -3.72% | -18.31% | 0.17x | 1.22x | Nkr-193.39 Million |
| 2018 | -11.96% | -41.67% | 0.23x | 1.23x | Nkr-346.72 Million |
| 2019 | -14.61% | -51.96% | 0.21x | 1.32x | Nkr-454.37 Million |
| 2020 | 23.08% | 218.19% | 0.09x | 1.12x | Nkr715.05 Million |
| 2021 | -33.08% | -221.33% | 0.13x | 1.19x | Nkr-2.17 Billion |
| 2022 | -21.49% | -128.02% | 0.13x | 1.28x | Nkr-1.72 Billion |
| 2023 | -13.80% | -63.36% | 0.17x | 1.27x | Nkr-1.47 Billion |
| 2024 | -4.91% | -17.58% | 0.22x | 1.27x | Nkr-742.07 Million |
Industry Comparison
This section compares Nel ASA's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $406,228,042
- Average return on equity (ROE) among peers: 6.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nel ASA (NEL) | Nkr4.89 Billion | -82.18% | 0.26x | $572.51 Million |
| HydrogenPro AS (HYPRO) | $-13.97 Million | 0.00% | 0.00x | $27.34 Million |
| Integrated Wind Solutions AS (IWS) | $997.88 Million | -2.67% | 0.11x | $250.58 Million |
| Nekkar Asa (NKR) | $566.67 Million | -40.12% | 2.93x | $146.94 Million |
| Scana ASA (SCANA) | $74.33 Million | 67.62% | 2.28x | $70.96 Million |
About Nel ASA
Nel ASA, a hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates in Nel Alkaline Electrolyser and Nel PEM Electrolyser segments. The Nel Alkaline Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology. The Nel PEM Electrolyser segment supplies hydrogen pr… Read more