Norsk Hydro ASA (NHY) - Net Assets
Based on the latest financial reports, Norsk Hydro ASA (NHY) has net assets worth Nkr107.09 Billion NOK as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr208.30 Billion) and total liabilities (Nkr101.20 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 | Nkr107.09 Billion |
| % of Total Assets | 51.41% |
| Annual Growth Rate | 8.52% |
| 5-Year Change | 21.18% |
| 10-Year Change | 22.2% |
| Growth Volatility | 55.73 |
Norsk Hydro ASA - Net Assets Trend (1985–2025)
This chart illustrates how Norsk Hydro ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norsk Hydro ASA (1985–2025)
The table below shows the annual net assets of Norsk Hydro ASA from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr107.09 Billion | -0.33% |
| 2024-12-31 | Nkr107.45 Billion | +0.25% |
| 2023-12-31 | Nkr107.18 Billion | -0.57% |
| 2022-12-31 | Nkr107.80 Billion | +21.97% |
| 2021-12-31 | Nkr88.38 Billion | +14.12% |
| 2020-12-31 | Nkr77.44 Billion | -7.89% |
| 2019-12-31 | Nkr84.08 Billion | -7.37% |
| 2018-12-31 | Nkr90.77 Billion | -1.61% |
| 2017-12-31 | Nkr92.25 Billion | +5.26% |
| 2016-12-31 | Nkr87.64 Billion | +10.48% |
| 2015-12-31 | Nkr79.33 Billion | -0.77% |
| 2014-12-31 | Nkr79.94 Billion | +6.21% |
| 2013-12-31 | Nkr75.26 Billion | +1.92% |
| 2012-12-31 | Nkr73.84 Billion | -13.30% |
| 2011-12-31 | Nkr85.17 Billion | +48.78% |
| 2010-12-31 | Nkr57.25 Billion | +21.30% |
| 2009-12-31 | Nkr47.20 Billion | -12.83% |
| 2008-12-31 | Nkr54.14 Billion | -1.58% |
| 2007-12-31 | Nkr55.01 Billion | -43.32% |
| 2006-12-31 | Nkr97.05 Billion | +0.73% |
| 2005-12-31 | Nkr96.35 Billion | +9.33% |
| 2004-12-31 | Nkr88.13 Billion | -0.97% |
| 2003-12-31 | Nkr88.99 Billion | +15.89% |
| 2002-12-31 | Nkr76.79 Billion | +1.01% |
| 2001-12-31 | Nkr76.02 Billion | +4.71% |
| 2000-12-31 | Nkr72.60 Billion | +19.13% |
| 1999-12-31 | Nkr60.94 Billion | +22.67% |
| 1998-12-31 | Nkr49.68 Billion | +5.81% |
| 1997-12-31 | Nkr46.95 Billion | +25.78% |
| 1996-12-31 | Nkr37.33 Billion | -2.43% |
| 1995-12-31 | Nkr38.26 Billion | +19.66% |
| 1994-12-31 | Nkr31.97 Billion | +34.10% |
| 1993-12-31 | Nkr23.84 Billion | +12.15% |
| 1992-12-31 | Nkr21.26 Billion | +8.79% |
| 1991-12-31 | Nkr19.54 Billion | -4.72% |
| 1990-12-31 | Nkr20.51 Billion | +10.72% |
| 1989-12-31 | Nkr18.52 Billion | +12.24% |
| 1988-12-31 | Nkr16.50 Billion | +349.57% |
| 1987-12-31 | Nkr3.67 Billion | +7.08% |
| 1986-12-31 | Nkr3.43 Billion | -15.87% |
| 1985-12-31 | Nkr4.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norsk Hydro 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 67424.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr59.91 Billion | 60.01% |
| Other Components | Nkr39.93 Billion | 39.99% |
| Total Equity | Nkr99.84 Billion | 100.00% |
Norsk Hydro ASA Competitors by Market Cap
The table below lists competitors of Norsk Hydro ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MasTec Inc
NYSE:MTZ
|
$21.27 Billion |
|
Aristocrat Leisure Ltd
AU:ALL
|
$21.28 Billion |
|
Eicher Motors Limited
NSE:EICHERMOT
|
$21.33 Billion |
|
SBI Life Insurance Company Limited
NSE:SBILIFE
|
$21.38 Billion |
|
Kuehne & Nagel
SW:KNIN
|
$21.22 Billion |
|
EVE Energy
SHE:300014
|
$21.20 Billion |
|
Vinhomes JSC
VN:VHM
|
$21.18 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$21.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norsk Hydro ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 101,461,000,000 to 99,843,000,000, a change of -1,618,000,000 (-1.6%).
- Net income of 6,717,000,000 contributed positively to equity growth.
- Dividend payments of 4,581,000,000 reduced retained earnings.
- Share repurchases of 856,000,000 reduced equity.
- New share issuances of 24,000,000 increased equity.
- Other comprehensive income decreased equity by 11,854,000,000.
- Other factors increased equity by 8,932,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr6.72 Billion | +6.73% |
| Dividends Paid | Nkr4.58 Billion | -4.59% |
| Share Repurchases | Nkr856.00 Million | -0.86% |
| Share Issuances | Nkr24.00 Million | +0.02% |
| Other Comprehensive Income | Nkr-11.85 Billion | -11.87% |
| Other Changes | Nkr8.93 Billion | +8.95% |
| Total Change | Nkr- | -1.59% |
Book Value vs Market Value Analysis
This analysis compares Norsk Hydro 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: 2.02x
- 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 26.99x to 2.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | Nkr3.81 | Nkr102.80 | x |
| 1986-12-31 | Nkr3.20 | Nkr102.80 | x |
| 1987-12-31 | Nkr3.91 | Nkr102.80 | x |
| 1988-12-31 | Nkr14.94 | Nkr102.80 | x |
| 1989-12-31 | Nkr16.44 | Nkr102.80 | x |
| 1990-12-31 | Nkr18.14 | Nkr102.80 | x |
| 1991-12-31 | Nkr16.30 | Nkr102.80 | x |
| 1992-12-31 | Nkr17.83 | Nkr102.80 | x |
| 1993-12-31 | Nkr20.13 | Nkr102.80 | x |
| 1994-12-31 | Nkr25.76 | Nkr102.80 | x |
| 1995-12-31 | Nkr29.38 | Nkr102.80 | x |
| 1996-12-31 | Nkr28.74 | Nkr102.80 | x |
| 1997-12-31 | Nkr36.27 | Nkr102.80 | x |
| 1998-12-31 | Nkr38.48 | Nkr102.80 | x |
| 1999-12-31 | Nkr41.07 | Nkr102.80 | x |
| 2000-12-31 | Nkr49.43 | Nkr102.80 | x |
| 2001-12-31 | Nkr52.66 | Nkr102.80 | x |
| 2002-12-31 | Nkr53.36 | Nkr102.80 | x |
| 2003-12-31 | Nkr62.29 | Nkr102.80 | x |
| 2004-12-31 | Nkr67.85 | Nkr102.80 | x |
| 2005-12-31 | Nkr76.02 | Nkr102.80 | x |
| 2006-12-31 | Nkr78.76 | Nkr102.80 | x |
| 2007-12-31 | Nkr44.26 | Nkr102.80 | x |
| 2008-12-31 | Nkr43.67 | Nkr102.80 | x |
| 2009-12-31 | Nkr36.31 | Nkr102.80 | x |
| 2010-12-31 | Nkr39.62 | Nkr102.80 | x |
| 2011-12-31 | Nkr39.79 | Nkr102.80 | x |
| 2012-12-31 | Nkr33.39 | Nkr102.80 | x |
| 2013-12-31 | Nkr34.34 | Nkr102.80 | x |
| 2014-12-31 | Nkr36.30 | Nkr102.80 | x |
| 2015-12-31 | Nkr36.34 | Nkr102.80 | x |
| 2016-12-31 | Nkr40.11 | Nkr102.80 | x |
| 2017-12-31 | Nkr42.60 | Nkr102.80 | x |
| 2018-12-31 | Nkr41.96 | Nkr102.80 | x |
| 2019-12-31 | Nkr39.05 | Nkr102.80 | x |
| 2020-12-31 | Nkr36.26 | Nkr102.80 | x |
| 2021-12-31 | Nkr40.99 | Nkr102.80 | x |
| 2022-12-31 | Nkr49.96 | Nkr102.80 | x |
| 2023-12-31 | Nkr49.57 | Nkr102.80 | x |
| 2024-12-31 | Nkr50.79 | Nkr102.80 | x |
| 2025-12-31 | Nkr50.83 | Nkr102.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norsk Hydro 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): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.09x
- Recent ROE (6.73%) is below the historical average (9.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 19.26% | 1.65% | 1.04x | 11.26x | Nkr377.44 Million |
| 1986 | -24.18% | -1.52% | 0.89x | 17.76x | Nkr-1.17 Billion |
| 1987 | 49.90% | 3.36% | 0.90x | 16.49x | Nkr1.46 Billion |
| 1988 | 20.86% | 5.72% | 0.81x | 4.50x | Nkr1.79 Billion |
| 1989 | 14.59% | 4.05% | 1.01x | 3.55x | Nkr851.08 Million |
| 1990 | 14.09% | 4.76% | 0.76x | 3.89x | Nkr838.09 Million |
| 1991 | -2.60% | -0.81% | 0.77x | 4.16x | Nkr-2.35 Billion |
| 1992 | 8.74% | 3.04% | 0.68x | 4.25x | Nkr-252.81 Million |
| 1993 | 13.18% | 4.81% | 0.71x | 3.87x | Nkr722.92 Million |
| 1994 | 13.07% | 5.65% | 0.76x | 3.04x | Nkr948.29 Million |
| 1995 | 19.20% | 8.95% | 0.81x | 2.66x | Nkr3.41 Billion |
| 1996 | 17.01% | 7.31% | 0.89x | 2.63x | Nkr2.53 Billion |
| 1997 | 11.39% | 5.41% | 0.83x | 2.52x | Nkr634.80 Million |
| 1998 | 7.77% | 3.85% | 0.79x | 2.57x | Nkr-1.08 Billion |
| 1999 | 5.74% | 3.33% | 0.58x | 2.98x | Nkr-2.54 Billion |
| 2000 | 19.63% | 8.91% | 0.80x | 2.76x | Nkr6.85 Billion |
| 2001 | 10.55% | 5.16% | 0.77x | 2.65x | Nkr413.85 Million |
| 2002 | 11.55% | 5.38% | 0.79x | 2.73x | Nkr1.17 Billion |
| 2003 | 12.45% | 6.38% | 0.79x | 2.48x | Nkr2.16 Billion |
| 2004 | 14.62% | 8.08% | 0.78x | 2.33x | Nkr4.00 Billion |
| 2005 | 16.38% | 8.98% | 0.77x | 2.38x | Nkr6.08 Billion |
| 2006 | 18.03% | 8.86% | 0.84x | 2.42x | Nkr7.73 Billion |
| 2007 | 34.42% | 19.73% | 1.02x | 1.70x | Nkr13.20 Billion |
| 2008 | -7.43% | -4.43% | 0.93x | 1.80x | Nkr-9.21 Billion |
| 2009 | 0.65% | 0.44% | 0.87x | 1.68x | Nkr-4.32 Billion |
| 2010 | 3.36% | 2.49% | 0.85x | 1.58x | Nkr-3.73 Billion |
| 2011 | 8.58% | 7.33% | 0.69x | 1.70x | Nkr-1.11 Billion |
| 2012 | -1.81% | -1.92% | 0.55x | 1.71x | Nkr-8.03 Billion |
| 2013 | -1.31% | -1.42% | 0.56x | 1.65x | Nkr-7.92 Billion |
| 2014 | 1.08% | 1.02% | 0.62x | 1.71x | Nkr-6.61 Billion |
| 2015 | 2.72% | 2.30% | 0.72x | 1.65x | Nkr-5.40 Billion |
| 2016 | 7.80% | 7.79% | 0.63x | 1.60x | Nkr-1.80 Billion |
| 2017 | 10.09% | 8.04% | 0.67x | 1.88x | Nkr75.60 Million |
| 2018 | 4.96% | 2.67% | 0.98x | 1.89x | Nkr-4.33 Billion |
| 2019 | -2.96% | -1.58% | 0.91x | 2.06x | Nkr-10.36 Billion |
| 2020 | 2.48% | 1.34% | 0.84x | 2.21x | Nkr-5.58 Billion |
| 2021 | 14.47% | 8.13% | 0.86x | 2.08x | Nkr3.75 Billion |
| 2022 | 23.58% | 11.62% | 1.05x | 1.94x | Nkr13.91 Billion |
| 2023 | 3.56% | 1.87% | 0.93x | 2.05x | Nkr-6.47 Billion |
| 2024 | 5.71% | 2.84% | 0.98x | 2.04x | Nkr-4.36 Billion |
| 2025 | 6.73% | 3.23% | 1.00x | 2.09x | Nkr-3.27 Billion |
Industry Comparison
This section compares Norsk Hydro ASA's net assets metrics with peer companies in the Aluminum industry.
No peer company data available for comparison.
About Norsk Hydro ASA
Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments. The Hydro Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial ac… Read more