Norconsult ASA (NORCO) - Net Assets
Based on the latest financial reports, Norconsult ASA (NORCO) has net assets worth Nkr2.79 Billion NOK (≈ $293.69 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr7.26 Billion ≈ $764.17 Million USD) and total liabilities (Nkr4.47 Billion ≈ $470.48 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 Norconsult ASA liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.79 Billion |
| % of Total Assets | 38.43% |
| Annual Growth Rate | 5.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.54 |
Norconsult ASA - Net Assets Trend (2022–2024)
This chart illustrates how Norconsult ASA's net assets have evolved over time, based on quarterly financial data. Also explore Norconsult ASA (NORCO) total assets for the complete picture of this company's asset base.
Annual Net Assets for Norconsult ASA (2022–2024)
The table below shows the annual net assets of Norconsult ASA from 2022 to 2024. For live valuation and market cap data, see Norconsult ASA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.53 Billion ≈ $266.44 Million |
+22.62% |
| 2023-12-31 | Nkr2.06 Billion ≈ $217.30 Million |
-8.47% |
| 2022-12-31 | Nkr2.26 Billion ≈ $237.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Norconsult 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 4.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr2.04 Billion | 80.57% |
| Common Stock | Nkr6.00 Million | 0.24% |
| Other Components | Nkr486.00 Million | 19.19% |
| Total Equity | Nkr2.53 Billion | 100.00% |
Norconsult ASA Competitors by Market Cap
The table below lists competitors of Norconsult ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interroll Holding AG
SW:INRN
|
$1.29 Billion |
|
Daqo New Energy Corp
F:5DQ2
|
$1.29 Billion |
|
Wam Leaders Ltd
AU:WLE
|
$1.29 Billion |
|
Charoen Pokphand Enterprise Taiwan Co Ltd
TW:1215
|
$1.29 Billion |
|
Voltamp Transformers Limited
NSE:VOLTAMP
|
$1.28 Billion |
|
Deluxe Corporation
NYSE:DLX
|
$1.28 Billion |
|
PT Daya Intiguna Yasa Tbk
JK:MDIY
|
$1.28 Billion |
|
Guoguang Electric Co Ltd Chengdu
SHG:688776
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norconsult ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,065,000,000 to 2,532,000,000, a change of 467,000,000 (22.6%).
- Net income of 496,000,000 contributed positively to equity growth.
- Dividend payments of 343,000,000 reduced retained earnings.
- Share repurchases of 51,000,000 reduced equity.
- Other factors increased equity by 365,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr496.00 Million | +19.59% |
| Dividends Paid | Nkr343.00 Million | -13.55% |
| Share Repurchases | Nkr51.00 Million | -2.01% |
| Other Changes | Nkr365.00 Million | +14.42% |
| Total Change | Nkr- | 22.62% |
Book Value vs Market Value Analysis
This analysis compares Norconsult 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: 4.68x
- 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 5.42x to 4.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | Nkr7.27 | Nkr39.35 | x |
| 2023-12-31 | Nkr7.23 | Nkr39.35 | x |
| 2024-12-31 | Nkr8.40 | Nkr39.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norconsult 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): 19.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.76%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 2.81x
- Recent ROE (19.59%) is below the historical average (21.57%), 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 | 20.12% | 5.39% | 1.34x | 2.78x | Nkr228.40 Million |
| 2023 | 24.99% | 5.39% | 1.51x | 3.07x | Nkr309.50 Million |
| 2024 | 19.59% | 4.76% | 1.46x | 2.81x | Nkr242.80 Million |
Industry Comparison
This section compares Norconsult ASA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,205,588,125
- Average return on equity (ROE) among peers: -9.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norconsult ASA (NORCO) | Nkr2.79 Billion | 20.12% | 1.60x | $1.28 Billion |
| AF Gruppen ASA (AFG) | $2.08 Billion | 29.90% | 2.72x | $2.06 Billion |
| Cadeler As (CADLR) | $325.26 Million | 2.29% | 0.31x | $2.36 Billion |
| DOF Group ASA (DOFG) | $1.77 Billion | 10.05% | 1.13x | $3.56 Billion |
| Endur ASA (ENDUR) | $184.34 Million | -206.43% | 4.10x | $609.09 Million |
| Goodtech (GOD) | $-10.51 Million | 0.00% | 0.00x | $35.31 Million |
| Multiconsult AS (MULTI) | $773.62 Million | 32.21% | 2.51x | $459.89 Million |
| Sentia Asa (SNTIA) | $676.00 Million | 26.04% | 6.66x | $78.01K |
| Veidekke ASA (VEI) | $3.85 Billion | 28.39% | 4.31x | $2.65 Billion |
About Norconsult ASA
Norconsult ASA provides consultancy services with focus on community planning, engineering design, and architecture in the Nordics and internationally. The company offers consultancy services for the planning and engineering design of construction and real estate projects, such as residential, office, and industrial buildings; hospitals, healthcare buildings, and care homes; schools and education… Read more