Nordic Halibut AS (NOHAL) - Net Assets
Based on the latest financial reports, Nordic Halibut AS (NOHAL) has net assets worth Nkr653.54 Million NOK (≈ $68.77 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.51 Billion ≈ $158.55 Million USD) and total liabilities (Nkr853.22 Million ≈ $89.78 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. Check Nordic Halibut AS (NOHAL) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr653.54 Million |
| % of Total Assets | 43.37% |
| Annual Growth Rate | 13.89% |
| 5-Year Change | 60.55% |
| 10-Year Change | 332.86% |
| Growth Volatility | 38.53 |
Nordic Halibut AS - Net Assets Trend (2014–2025)
This chart illustrates how Nordic Halibut AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Nordic Halibut AS.
Annual Net Assets for Nordic Halibut AS (2014–2025)
The table below shows the annual net assets of Nordic Halibut AS from 2014 to 2025. Also explore net asset growth rate of Nordic Halibut AS to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr678.11 Million ≈ $71.36 Million |
+66.67% |
| 2024-12-31 | Nkr406.85 Million ≈ $42.81 Million |
-19.50% |
| 2023-12-31 | Nkr505.43 Million ≈ $53.19 Million |
+38.45% |
| 2022-12-31 | Nkr365.06 Million ≈ $38.41 Million |
-13.57% |
| 2021-12-31 | Nkr422.36 Million ≈ $44.44 Million |
+111.65% |
| 2020-12-31 | Nkr199.55 Million ≈ $21.00 Million |
+36.19% |
| 2019-12-31 | Nkr146.52 Million ≈ $15.42 Million |
-0.51% |
| 2018-12-31 | Nkr147.27 Million ≈ $15.50 Million |
-7.54% |
| 2017-12-31 | Nkr159.27 Million ≈ $16.76 Million |
+1.67% |
| 2016-12-31 | Nkr156.66 Million ≈ $16.49 Million |
-3.90% |
| 2015-12-31 | Nkr163.02 Million ≈ $17.15 Million |
+0.50% |
| 2014-12-31 | Nkr162.21 Million ≈ $17.07 Million |
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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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr267.20 Million | 39.40% |
| Other Components | Nkr410.91 Million | 60.60% |
| Total Equity | Nkr678.11 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 |
|---|---|
|
ADF Group Inc.
TO:DRX
|
$160.43 Million |
|
Zhong Yang Technology Co Ltd
TW:6668
|
$160.47 Million |
|
Selvas Ai Inc.
KQ:108860
|
$160.51 Million |
|
Simmtech Holdings Co. Ltd
KQ:036710
|
$160.57 Million |
|
FIGX Capital Acquisition Corp. Class A Ordinary Share
NASDAQ:FIGX
|
$160.20 Million |
|
American Rare EARTHS Ltd
AU:ARR
|
$160.18 Million |
|
Flutter Entertainment PLC
LSE:FLTR
|
$160.16 Million |
|
Para Light Electronics Co Ltd
TW:6226
|
$160.16 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 2024 to 2025, total equity changed from 406,849,000 to 678,108,000, a change of 271,259,000 (66.7%).
- Net loss of 9,966,000 reduced equity.
- Share repurchases of 280,931,000 reduced equity.
- New share issuances of 280,931,000 increased equity.
- Other comprehensive income increased equity by 197,068,000.
- Other factors increased equity by 84,157,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-9.97 Million | -1.47% |
| Share Repurchases | Nkr280.93 Million | -41.43% |
| Share Issuances | Nkr280.93 Million | +41.43% |
| Other Comprehensive Income | Nkr197.07 Million | +29.06% |
| Other Changes | Nkr84.16 Million | +12.41% |
| Total Change | Nkr- | 66.67% |
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: 2.21x
- 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 3.97x to 2.21x 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 | Nkr28.00 | x |
| 2015-12-31 | Nkr7.09 | Nkr28.00 | x |
| 2016-12-31 | Nkr6.81 | Nkr28.00 | x |
| 2017-12-31 | Nkr6.93 | Nkr28.00 | x |
| 2018-12-31 | Nkr6.41 | Nkr28.00 | x |
| 2019-12-31 | Nkr6.37 | Nkr28.00 | x |
| 2020-12-31 | Nkr8.68 | Nkr28.00 | x |
| 2021-12-31 | Nkr18.62 | Nkr28.00 | x |
| 2022-12-31 | Nkr12.30 | Nkr28.00 | x |
| 2023-12-31 | Nkr17.08 | Nkr28.00 | x |
| 2024-12-31 | Nkr10.40 | Nkr28.00 | x |
| 2025-12-31 | Nkr12.69 | Nkr28.00 | 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): -1.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.85%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.82x
- Recent ROE (-1.47%) is above the historical average (-16.31%), indicating improving 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 |
| 2025 | -1.47% | -6.85% | 0.12x | 1.82x | Nkr-77.78 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: $986,778,401
- Average return on equity (ROE) among peers: -7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Halibut AS (NOHAL) | Nkr653.54 Million | -62.71% | 1.31x | $160.40 Million |
| Andfjord Salmon AS (ANDF) | $146.81 Million | -4.36% | 0.03x | $272.73 Million |
| Atlantic Sapphire As (ASA) | $202.83 Million | -82.49% | 0.35x | $2.95 Million |
| Austevoll Seafood ASA (AUSS) | $982.04 Million | 24.51% | 2.16x | $1.78 Billion |
| P/f Bakkafrost (BAKKA) | $1.26 Billion | 22.28% | 1.04x | $2.81 Billion |
| Barramundi Group Ltd (BARRA) | $30.89 Million | -35.71% | 1.23x | $9.19 Million |
| Biofish Holding AS (BFISH) | $143.47 Million | -10.38% | 0.53x | $20.74 Million |
| Clean Seas Seafood Ltd. (CSS) | $62.95 Million | -1.05% | 0.43x | $19.84 Million |
| Gigante Salmon AS (GIGA) | $279.70 Million | 2.00% | 0.14x | $91.19 Million |
| Grieg Seafood ASA (GSF) | $6.49 Billion | 17.79% | 0.99x | $304.02 Million |
| Ice Fish Farm AS (IFISH) | $270.46 Million | -11.32% | 0.78x | $66.26 Million |
About 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. The company was founded in 1995 and is headquartered in Averøy, Norway.