Nordic Halibut AS
Nordic Halibut AS produces and sells farmed Atlantic halibut products in Norway, the United States, the European Union, the United Kingdom, and internationally. It offers fresh, frozen, whole, and filleted halibut products. Nordic Halibut AS was founded in 1995 and is headquartered in Averøy, Norway.
Nordic Halibut AS (NOHAL) - Net Assets
Latest net assets as of September 2025: Nkr649.36 Million NOK
Based on the latest financial reports, Nordic Halibut AS (NOHAL) has net assets worth Nkr649.36 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr960.91 Million) and total liabilities (Nkr311.55 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 | Nkr649.36 Million |
| % of Total Assets | 67.58% |
| Annual Growth Rate | 9.63% |
| 5-Year Change | 103.88% |
| 10-Year Change | 149.57% |
| Growth Volatility | 37.2 |
Nordic Halibut AS - Net Assets Trend (2014–2024)
This chart illustrates how Nordic Halibut 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 Nordic Halibut AS (2014–2024)
The table below shows the annual net assets of Nordic Halibut AS from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr406.85 Million | -19.50% |
| 2023-12-31 | Nkr505.43 Million | +38.45% |
| 2022-12-31 | Nkr365.06 Million | -13.57% |
| 2021-12-31 | Nkr422.36 Million | +111.65% |
| 2020-12-31 | Nkr199.55 Million | +36.19% |
| 2019-12-31 | Nkr146.52 Million | -0.51% |
| 2018-12-31 | Nkr147.27 Million | -7.54% |
| 2017-12-31 | Nkr159.27 Million | +1.67% |
| 2016-12-31 | Nkr156.66 Million | -3.90% |
| 2015-12-31 | Nkr163.02 Million | +0.50% |
| 2014-12-31 | Nkr162.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nordic Halibut 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 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 | Nkr195.53 Million | 48.06% |
| Other Comprehensive Income | Nkr-197.07 Million | -48.44% |
| Other Components | Nkr408.38 Million | 100.38% |
| Total Equity | Nkr406.85 Million | 100.00% |
Nordic Halibut AS Competitors by Market Cap
The table below lists competitors of Nordic Halibut AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMC S.A.
F:IM4
|
$46.16 Million |
|
Petronor E&P Ltd
OL:PNOR
|
$46.16 Million |
|
Planet 13 Holdings Inc.
OTCQX:PLNH
|
$46.17 Million |
|
Shan-Loong Transportation Co Ltd
TW:2616
|
$46.17 Million |
|
Sajodaerim
KO:003960
|
$46.15 Million |
|
Syntec Optics Holdings Inc.
NASDAQ:OPTX
|
$46.15 Million |
|
Beyond Securities PCL
BK:BYD
|
$46.15 Million |
|
Iodm Ltd
AU:IOD
|
$46.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Halibut AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 505,433,000 to 406,849,000, a change of -98,584,000 (-19.5%).
- Net loss of 99,788,000 reduced equity.
- Other comprehensive income decreased equity by 98,584,000.
- Other factors increased equity by 99,788,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-99.79 Million | -24.53% |
| Other Comprehensive Income | Nkr-98.58 Million | -24.23% |
| Other Changes | Nkr99.79 Million | +24.53% |
| Total Change | Nkr- | -19.50% |
Book Value vs Market Value Analysis
This analysis compares Nordic Halibut 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: 2.06x
- 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 3.03x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Nkr7.06 | Nkr21.40 | x |
| 2015-12-31 | Nkr7.09 | Nkr21.40 | x |
| 2016-12-31 | Nkr6.81 | Nkr21.40 | x |
| 2017-12-31 | Nkr6.93 | Nkr21.40 | x |
| 2018-12-31 | Nkr6.41 | Nkr21.40 | x |
| 2019-12-31 | Nkr6.37 | Nkr21.40 | x |
| 2020-12-31 | Nkr8.68 | Nkr21.40 | x |
| 2021-12-31 | Nkr18.62 | Nkr21.40 | x |
| 2022-12-31 | Nkr12.30 | Nkr21.40 | x |
| 2023-12-31 | Nkr17.08 | Nkr21.40 | x |
| 2024-12-31 | Nkr10.40 | Nkr21.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Halibut 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): -24.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -110.24%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.90x
- Recent ROE (-24.53%) is below the historical average (-17.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -62.71% | -276.99% | 0.13x | 1.69x | Nkr-117.95 Million |
| 2015 | 0.50% | 1.19% | 0.24x | 1.73x | Nkr-15.49 Million |
| 2016 | -4.06% | -7.41% | 0.31x | 1.79x | Nkr-22.03 Million |
| 2017 | -4.64% | -10.92% | 0.24x | 1.79x | Nkr-23.31 Million |
| 2018 | -16.30% | -37.13% | 0.23x | 1.89x | Nkr-38.73 Million |
| 2019 | -25.14% | -68.05% | 0.19x | 1.95x | Nkr-51.49 Million |
| 2020 | -13.45% | -77.39% | 0.10x | 1.79x | Nkr-46.79 Million |
| 2021 | -13.86% | -82.21% | 0.14x | 1.21x | Nkr-100.77 Million |
| 2022 | -18.11% | -82.61% | 0.16x | 1.34x | Nkr-102.62 Million |
| 2023 | -12.00% | -59.58% | 0.14x | 1.45x | Nkr-111.21 Million |
| 2024 | -24.53% | -110.24% | 0.12x | 1.90x | Nkr-140.47 Million |
Industry Comparison
This section compares Nordic Halibut AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $667,901,313
- Average return on equity (ROE) among peers: -8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Halibut AS (NOHAL) | Nkr649.36 Million | -62.71% | 0.48x | $46.15 Million |
| Arctic Fish Holding AS (AFISH) | $340.40 Million | -4.12% | 0.27x | $29.36 Million |
| Andfjord Salmon AS (ANDF) | $323.27 Million | -10.64% | 0.49x | $10.64 Million |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $6.80 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $5.15 Million |
| Gigante Salmon AS (GIGA) | $481.51 Million | 0.15% | 0.37x | $20.70 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $3.01 Million |
| Icelandic Salmon As (ISLAX) | $126.28 Million | 1.87% | 0.35x | $70.73 Million |
| Kingfish Company Nv (KING) | $10.38 Million | -2.85% | 1.01x | $14.08 Million |
| Masoval AS (MAS) | $1.99 Billion | 31.22% | 1.51x | $60.94 Million |
| Norcod As (NCOD) | $30.00K | 0.00% | 0.00x | $13.16 Million |