Norbit ASA
Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging… Read more
Norbit ASA (NORBT) - Net Assets
Latest net assets as of September 2025: Nkr1.25 Billion NOK
Based on the latest financial reports, Norbit ASA (NORBT) has net assets worth Nkr1.25 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.50 Billion) and total liabilities (Nkr1.24 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 | Nkr1.25 Billion |
| % of Total Assets | 50.17% |
| Annual Growth Rate | 42.55% |
| 5-Year Change | 164.97% |
| 10-Year Change | N/A |
| Growth Volatility | 53.41 |
Norbit ASA - Net Assets Trend (2016–2024)
This chart illustrates how Norbit 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 Norbit ASA (2016–2024)
The table below shows the annual net assets of Norbit ASA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.16 Billion | +45.98% |
| 2023-12-31 | Nkr792.80 Million | +32.29% |
| 2022-12-31 | Nkr599.30 Million | +20.37% |
| 2021-12-31 | Nkr497.89 Million | +13.99% |
| 2020-12-31 | Nkr436.76 Million | -1.54% |
| 2019-12-31 | Nkr443.58 Million | +180.90% |
| 2018-12-31 | Nkr157.91 Million | +37.48% |
| 2017-12-31 | Nkr114.86 Million | +69.21% |
| 2016-12-31 | Nkr67.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norbit 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 1199.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr521.90 Million | 45.09% |
| Common Stock | Nkr6.40 Million | 0.55% |
| Other Components | Nkr629.10 Million | 54.35% |
| Total Equity | Nkr1.16 Billion | 100.00% |
Norbit ASA Competitors by Market Cap
The table below lists competitors of Norbit ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bright Real Estate Group Co Ltd
SHG:600708
|
$544.82 Million |
|
Lonkey Industrial Co Ltd Guangzhou
SHE:000523
|
$544.84 Million |
|
Tianjin Economic-technological Development Area Co Ltd
SHE:000652
|
$544.91 Million |
|
5R02
F:5R02
|
$545.09 Million |
|
Ã
landsbanken Abp
LSE:0O2M
|
$544.67 Million |
|
Aksa Enerji Uretim AS
IS:AKSEN
|
$544.58 Million |
|
Marfrig Global Foods SA
PINK:MRRTY
|
$544.56 Million |
|
China Camc Engineering Co Ltd
SHE:002051
|
$544.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norbit ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 793,400,000 to 1,157,400,000, a change of 364,000,000 (45.9%).
- Net income of 243,300,000 contributed positively to equity growth.
- Dividend payments of 152,900,000 reduced retained earnings.
- Share repurchases of 200,800,000 reduced equity.
- New share issuances of 205,800,000 increased equity.
- Other factors increased equity by 268,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr243.30 Million | +21.02% |
| Dividends Paid | Nkr152.90 Million | -13.21% |
| Share Repurchases | Nkr200.80 Million | -17.35% |
| Share Issuances | Nkr205.80 Million | +17.78% |
| Other Changes | Nkr268.60 Million | +23.21% |
| Total Change | Nkr- | 45.88% |
Book Value vs Market Value Analysis
This analysis compares Norbit 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: 11.24x
- 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 110.12x to 11.24x 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 | Nkr1.86 | Nkr204.50 | x |
| 2018-12-31 | Nkr2.61 | Nkr204.50 | x |
| 2019-12-31 | Nkr7.80 | Nkr204.50 | x |
| 2020-12-31 | Nkr7.68 | Nkr204.50 | x |
| 2021-12-31 | Nkr8.52 | Nkr204.50 | x |
| 2022-12-31 | Nkr10.18 | Nkr204.50 | x |
| 2023-12-31 | Nkr13.29 | Nkr204.50 | x |
| 2024-12-31 | Nkr18.19 | Nkr204.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norbit 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): 21.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.89%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.89x
- Recent ROE (21.02%) is above the historical average (15.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -11.76% | -2.01% | 1.13x | 5.18x | Nkr-11.52 Million |
| 2017 | 27.03% | 8.14% | 0.99x | 3.35x | Nkr17.95 Million |
| 2018 | 32.14% | 10.87% | 0.93x | 3.17x | Nkr32.82 Million |
| 2019 | 17.44% | 11.56% | 1.11x | 1.35x | Nkr32.96 Million |
| 2020 | 6.26% | 4.41% | 0.92x | 1.54x | Nkr-16.34 Million |
| 2021 | 9.62% | 6.08% | 0.81x | 1.96x | Nkr-1.89 Million |
| 2022 | 17.80% | 9.14% | 0.96x | 2.04x | Nkr46.77 Million |
| 2023 | 23.36% | 12.20% | 1.02x | 1.89x | Nkr105.96 Million |
| 2024 | 21.02% | 13.89% | 0.80x | 1.89x | Nkr127.56 Million |
Industry Comparison
This section compares Norbit ASA's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $203,498,000
- Average return on equity (ROE) among peers: -104.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norbit ASA (NORBT) | Nkr1.25 Billion | -11.76% | 0.99x | $544.81 Million |
| Inin Group A/S (ININ) | $181.99 Million | -78.49% | 5.04x | $16.82 Million |
| Next Biometrics Group ASA (NEXT) | $177.16 Million | -108.72% | 0.14x | $2.39 Million |
| Nordic Technology Group A/S (NTG) | $251.34 Million | -126.26% | 0.63x | $20.32 Million |