North Energy ASA
North Energy ASA, an industrial investment company, owns, manages, and provides financing for activities within the energy and other industries in Norway. It operates through two segments, Industrial Holdings and Financial Investments. The company holds a portfolio of independent investments in listed and unlisted companies. North Energy ASA was incorporated in 2007 and is headquartered in Oslo, … Read more
North Energy ASA (NORTH) - Net Assets
Latest net assets as of June 2025: Nkr348.67 Million NOK
Based on the latest financial reports, North Energy ASA (NORTH) has net assets worth Nkr348.67 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr418.66 Million) and total liabilities (Nkr70.00 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 | Nkr348.67 Million |
| % of Total Assets | 83.28% |
| Annual Growth Rate | 13.94% |
| 5-Year Change | -8.56% |
| 10-Year Change | 16.7% |
| Growth Volatility | 68.97 |
North Energy ASA - Net Assets Trend (2007–2024)
This chart illustrates how North Energy 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 North Energy ASA (2007–2024)
The table below shows the annual net assets of North Energy ASA from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr367.51 Million | +14.44% |
| 2023-12-31 | Nkr321.13 Million | +4.18% |
| 2022-12-31 | Nkr308.23 Million | -4.07% |
| 2021-12-31 | Nkr321.30 Million | -20.05% |
| 2020-12-31 | Nkr401.89 Million | +32.75% |
| 2019-12-31 | Nkr302.75 Million | -19.59% |
| 2018-12-31 | Nkr376.52 Million | -7.13% |
| 2017-12-31 | Nkr405.43 Million | -0.51% |
| 2016-12-31 | Nkr407.52 Million | +29.41% |
| 2015-12-31 | Nkr314.92 Million | -28.44% |
| 2014-12-31 | Nkr440.07 Million | +68.89% |
| 2013-12-31 | Nkr260.57 Million | -36.44% |
| 2012-12-31 | Nkr409.93 Million | +10.86% |
| 2011-12-31 | Nkr369.78 Million | -22.99% |
| 2010-12-31 | Nkr480.18 Million | +213.97% |
| 2009-12-31 | Nkr152.94 Million | +32.40% |
| 2008-12-31 | Nkr115.51 Million | +189.12% |
| 2007-12-31 | Nkr39.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to North Energy 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 60574700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr119.05 Million | 32.39% |
| Other Components | Nkr854.21 Million | 232.43% |
| Total Equity | Nkr367.51 Million | 100.00% |
North Energy ASA Competitors by Market Cap
The table below lists competitors of North Energy ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUREA SA INH. EO 120
F:94P
|
$8.73 Million |
|
Darya-Varia Laboratoria Tbk
JK:DVLA
|
$8.73 Million |
|
Eastern Power Group Public Company Limited
BK:EP
|
$8.74 Million |
|
Ikena Oncology Inc
NASDAQ:IKNA
|
$8.74 Million |
|
Peloton Minerals Corporation
OTCQB:PMCCF
|
$8.73 Million |
|
ThroughTek Co., Ltd.
TWO:6565
|
$8.73 Million |
|
Propert & Buil
TA:PTBL
|
$8.73 Million |
|
TBD30 AB A
F:250
|
$8.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North Energy ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 321,128,000 to 367,508,000, a change of 46,380,000 (14.4%).
- Net income of 58,105,000 contributed positively to equity growth.
- Dividend payments of 11,725,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr58.10 Million | +15.81% |
| Dividends Paid | Nkr11.72 Million | -3.19% |
| Total Change | Nkr- | 14.44% |
Book Value vs Market Value Analysis
This analysis compares North Energy 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: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr3.42 | Nkr2.55 | x |
| 2017-12-31 | Nkr3.41 | Nkr2.55 | x |
| 2018-12-31 | Nkr3.16 | Nkr2.55 | x |
| 2019-12-31 | Nkr2.71 | Nkr2.55 | x |
| 2020-12-31 | Nkr3.43 | Nkr2.55 | x |
| 2021-12-31 | Nkr2.74 | Nkr2.55 | x |
| 2022-12-31 | Nkr2.63 | Nkr2.55 | x |
| 2023-12-31 | Nkr2.74 | Nkr2.55 | x |
| 2024-12-31 | Nkr3.13 | Nkr2.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North Energy 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): 15.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64561.11%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (15.81%) is above the historical average (-5.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -57.44% | 0.00% | 0.00x | 2.03x | Nkr-175.72 Million |
| 2014 | -28.29% | 0.00% | 0.00x | 1.36x | Nkr-168.52 Million |
| 2015 | -40.03% | 0.00% | 0.00x | 2.06x | Nkr-157.54 Million |
| 2016 | 20.41% | 592.33% | 0.03x | 1.13x | Nkr42.41 Million |
| 2017 | 5.36% | 1037.15% | 0.00x | 1.13x | Nkr-18.79 Million |
| 2018 | -7.68% | -5667.84% | 0.00x | 1.03x | Nkr-66.56 Million |
| 2019 | -4.86% | -1745.53% | 0.00x | 0.97x | Nkr-47.15 Million |
| 2020 | 30.37% | 108971.43% | 0.00x | 1.06x | Nkr81.86 Million |
| 2021 | -8.66% | -15634.27% | 0.00x | 1.06x | Nkr-59.96 Million |
| 2022 | -4.24% | 0.00% | -0.11x | 1.06x | Nkr-43.89 Million |
| 2023 | 7.67% | 34200.00% | 0.00x | 1.07x | Nkr-7.49 Million |
| 2024 | 15.81% | 64561.11% | 0.00x | 1.02x | Nkr21.35 Million |
Industry Comparison
This section compares North Energy ASA's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $501,219,667
- Average return on equity (ROE) among peers: 2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Energy ASA (NORTH) | Nkr348.67 Million | -57.44% | 0.20x | $8.73 Million |
| Hermana Holding ASA (HERMA) | $121.50 Million | 1.40% | 0.01x | $14.02K |
| Saga Pure ASA (SAGA) | $772.36 Million | 22.92% | 0.01x | $12.98 Million |
| Treasure ASA (TRE) | $609.79 Million | -17.14% | 0.00x | $4.67 Million |