Nordic Financials ASA
Nordic Financials ASA does not have significant operations. Previously, it was engaged in the solar power and renewable energy businesses. The company was formerly known as Aega ASA. Nordic Financials ASA was incorporated in 2011 and is headquartered in Oslo, Norway.
Nordic Financials ASA (NOFIN) - Net Assets
Latest net assets as of March 2025: Nkr-1.90 Million NOK
Based on the latest financial reports, Nordic Financials ASA (NOFIN) has net assets worth Nkr-1.90 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 (Nkr5.19 Million) and total liabilities (Nkr7.09 Million). 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 | Nkr-1.90 Million |
| % of Total Assets | -36.54% |
| Annual Growth Rate | -95.78% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 38.69 |
Nordic Financials ASA - Net Assets Trend (2022–2024)
This chart illustrates how Nordic Financials 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 Nordic Financials ASA (2022–2024)
The table below shows the annual net assets of Nordic Financials ASA from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr176.50K | -99.77% |
| 2023-12-31 | Nkr77.34 Million | -22.40% |
| 2022-12-31 | Nkr99.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nordic Financials 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr14.31 Million | 8112.98% |
| Total Equity | Nkr176.39K | 100.00% |
Nordic Financials ASA Competitors by Market Cap
The table below lists competitors of Nordic Financials ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viet Phat Import Export Trading Investment JSC
VN:VPG
|
$1.70K |
|
Lanka Walltiles PLC
CM:LWLN0000
|
$1.70K |
|
GAGE ROADS
BE:GRH
|
$1.70K |
|
Volcan Compania Minera S.A.A. Series B
LIM:VOLCABC1
|
$1.70K |
|
INEP4F
SA:INEP4F
|
$1.70K |
|
GREATLAND GOLD (G8G.SG)
STU:G8G
|
$1.70K |
|
Crossroads Gold Corp.
V:CRG
|
$1.70K |
|
RED HILL IRON
BE:R4I
|
$1.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Financials ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 77,342,404 to 176,388, a change of -77,166,016 (-99.8%).
- Net loss of 19,234,348 reduced equity.
- Other factors decreased equity by 57,931,668.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-19.23 Million | -10904.57% |
| Other Changes | Nkr-57.93 Million | -32843.32% |
| Total Change | Nkr- | -99.77% |
Book Value vs Market Value Analysis
This analysis compares Nordic Financials 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: 349.70x
- 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 increased from 16.61x to 349.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Nkr0.12 | Nkr1.95 | x |
| 2023-12-31 | Nkr0.09 | Nkr1.95 | x |
| 2024-12-31 | Nkr0.01 | Nkr1.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Financials 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): -10904.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 30.37x
- Recent ROE (-10904.57%) is below the historical average (-5463.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -22.80% | -74.80% | 0.11x | 2.80x | Nkr-32.69 Million |
| 2024 | -10904.57% | 0.00% | 0.00x | 30.37x | Nkr-19.25 Million |
Industry Comparison
This section compares Nordic Financials ASA's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $2,377,653,488
- Average return on equity (ROE) among peers: -11.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Financials ASA (NOFIN) | Nkr-1.90 Million | -22.80% | N/A | $1.70K |
| Aega ASA (AEGA) | $8.66 Million | -22.80% | 1.80x | $402.90K |
| Cloudberry Clean Energy As (CLOUD) | $5.43 Billion | 1.12% | 0.74x | $221.08 Million |
| EAM Solar ASA (EAM) | $9.67 Million | -1.79% | 0.73x | $2.52 Million |
| Eqva ASA (EQVA) | $-114.66 Million | 0.00% | 0.00x | $8.18 Million |
| Magnora ASA (MGN) | $5.87 Billion | -14.16% | 1.32x | $81.76 Million |
| MPC Energy Solutions NV (MPCES) | $75.18 Million | -7.47% | 0.72x | $25.09 Million |
| Norsk Solar AS (NSOL) | $160.38 Million | -21.63% | 0.34x | $384.61K |
| Ocean Sun As (OSUN) | $45.17 Million | -41.32% | 0.17x | $1.30 Million |
| Scatec Solar OL (SCATC) | $9.92 Billion | 3.91% | 2.33x | $1.59 Billion |