Nordic Aqua Partners As (NOAP) - Net Assets
Based on the latest financial reports, Nordic Aqua Partners As (NOAP) has net assets worth Nkr86.25 Million NOK (≈ $9.08 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr179.17 Million ≈ $18.85 Million USD) and total liabilities (Nkr92.92 Million ≈ $9.78 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. Explore Nordic Aqua Partners As (NOAP) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr86.25 Million |
| % of Total Assets | 48.14% |
| Annual Growth Rate | 78.1% |
| 5-Year Change | -73.84% |
| 10-Year Change | N/A |
| Growth Volatility | 1031.93 |
Nordic Aqua Partners As - Net Assets Trend (2017–2025)
This chart illustrates how Nordic Aqua Partners As's net assets have evolved over time, based on quarterly financial data. Also explore NOAP total assets for the complete picture of this company's asset base.
Annual Net Assets for Nordic Aqua Partners As (2017–2025)
The table below shows the annual net assets of Nordic Aqua Partners As from 2017 to 2025. For live valuation and market cap data, see Nordic Aqua Partners As market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr104.24 Million ≈ $10.97 Million |
+19.98% |
| 2024-12-31 | Nkr86.88 Million ≈ $9.14 Million |
+18.45% |
| 2023-12-31 | Nkr73.35 Million ≈ $7.72 Million |
-79.56% |
| 2022-12-31 | Nkr358.78 Million ≈ $37.75 Million |
-9.96% |
| 2021-12-31 | Nkr398.46 Million ≈ $41.93 Million |
-3.51% |
| 2020-12-31 | Nkr412.96 Million ≈ $43.46 Million |
+2991.59% |
| 2019-12-31 | Nkr13.36 Million ≈ $1.41 Million |
-11.47% |
| 2018-12-31 | Nkr15.09 Million ≈ $1.59 Million |
+1364.96% |
| 2017-12-31 | Nkr1.03 Million ≈ $108.37K |
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Equity Component Analysis
This analysis shows how different components contribute to Nordic Aqua Partners 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 6237.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.84 Million | 2.13% |
| Other Components | Nkr140.74 Million | 163.18% |
| Total Equity | Nkr86.25 Million | 100.00% |
Nordic Aqua Partners As Competitors by Market Cap
The table below lists competitors of Nordic Aqua Partners As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Yongda Automobiles Services Holdings Ltd
F:1CY
|
$192.01 Million |
|
Beacon Minerals Limited
AU:BCN
|
$192.11 Million |
|
Hua Na Hydropower JSC
VN:HNA
|
$192.15 Million |
|
Shangri La Hotels Malaysia Bhd
KLSE:5517
|
$192.22 Million |
|
Instabank ASA
OL:INSTA
|
$191.89 Million |
|
Som Distilleries & Breweries Limited
NSE:SDBL
|
$191.83 Million |
|
MPC Münchmeyer Petersen Capital AG
F:MPCK
|
$191.75 Million |
|
Virgin Galactic Holdings Inc
NYSE:SPCE
|
$191.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Aqua Partners As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 86,882,000 to 86,247,000, a change of -635,000 (-0.7%).
- Net loss of 16,503,000 reduced equity.
- Other factors increased equity by 15,868,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-16.50 Million | -19.13% |
| Other Changes | Nkr15.87 Million | +18.4% |
| Total Change | Nkr- | -0.73% |
Book Value vs Market Value Analysis
This analysis compares Nordic Aqua Partners 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: 21.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 858.76x to 21.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.10 | Nkr86.00 | x |
| 2018-12-31 | Nkr1.47 | Nkr86.00 | x |
| 2019-12-31 | Nkr1.30 | Nkr86.00 | x |
| 2020-12-31 | Nkr40.16 | Nkr86.00 | x |
| 2021-12-31 | Nkr38.75 | Nkr86.00 | x |
| 2022-12-31 | Nkr34.89 | Nkr86.00 | x |
| 2023-12-31 | Nkr4.49 | Nkr86.00 | x |
| 2024-12-31 | Nkr4.10 | Nkr86.00 | x |
| 2025-12-31 | Nkr4.07 | Nkr86.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Aqua Partners 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): -19.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -128.07%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.08x
- Recent ROE (-19.13%) is above the historical average (-27.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -136.14% | 0.00% | 0.00x | 1.02x | Nkr-1.51 Million |
| 2018 | -25.47% | 0.00% | 0.00x | 10.03x | Nkr-5.35 Million |
| 2019 | -12.95% | 0.00% | 0.00x | 14.02x | Nkr-3.07 Million |
| 2020 | -6.18% | 0.00% | 0.00x | 1.00x | Nkr-66.80 Million |
| 2021 | -6.90% | -4436.29% | 0.00x | 1.02x | Nkr-67.35 Million |
| 2022 | -11.36% | -8939.25% | 0.00x | 1.07x | Nkr-76.64 Million |
| 2023 | -11.22% | 0.00% | 0.00x | 1.38x | Nkr-15.56 Million |
| 2024 | -20.05% | -268.15% | 0.04x | 1.82x | Nkr-26.11 Million |
| 2025 | -19.13% | -128.07% | 0.07x | 2.08x | Nkr-25.13 Million |
Industry Comparison
This section compares Nordic Aqua Partners As's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $2,535,761,278
- Average return on equity (ROE) among peers: -21.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Aqua Partners As (NOAP) | Nkr86.25 Million | -136.14% | 1.08x | $191.98 Million |
| Andfjord Salmon AS (ANDF) | $475.70 Million | -11.91% | 0.34x | $269.71 Million |
| Atlantic Sapphire As (ASA) | $202.83 Million | -82.49% | 0.35x | $3.83 Million |
| Austevoll Seafood ASA (AUSS) | $9.11 Billion | 19.38% | 1.09x | $1.97 Billion |
| P/f Bakkafrost (BAKKA) | $10.39 Billion | 12.94% | 0.62x | $2.90 Billion |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $12.64 Million |
| Biofish Holding AS (BFISH) | $158.36 Million | -3.65% | 0.40x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $73.54 Million | 1.97% | 0.28x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $135.16 Million |
| Grieg Seafood ASA (GSF) | $4.37 Billion | -7.23% | 1.43x | $380.80 Million |
| Ice Fish Farm AS (IFISH) | $270.46 Million | -11.32% | 0.78x | $50.69 Million |
About Nordic Aqua Partners As
Nordic Aqua Partners A/S, together with its subsidiaries, primarily engages in the land-based Atlantic salmon farming in the People's Republic of China. It is involved in the investment, installation, and operation of breeding systems for fish and shellfish. The company was incorporated in 2016 and is based in Oslo, Norway.