Norske Skog Asa (NSKOG) - Net Assets

Latest as of December 2025: Nkr5.82 Billion NOK ≈ $612.33 Million USD

Based on the latest financial reports, Norske Skog Asa (NSKOG) has net assets worth Nkr5.82 Billion NOK (≈ $612.33 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr14.71 Billion ≈ $1.55 Billion USD) and total liabilities (Nkr8.89 Billion ≈ $935.27 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 Norske Skog Asa (NSKOG) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr5.82 Billion
% of Total Assets	39.57%
Annual Growth Rate	-5.53%
5-Year Change	85.73%
10-Year Change	3062.5%
Growth Volatility	199.85

Norske Skog Asa - Net Assets Trend (2004–2025)

This chart illustrates how Norske Skog Asa's net assets have evolved over time, based on quarterly financial data. Also explore Norske Skog Asa total assets for the complete picture of this company's asset base.

Annual Net Assets for Norske Skog Asa (2004–2025)

The table below shows the annual net assets of Norske Skog Asa from 2004 to 2025. For live valuation and market cap data, see market cap of Norske Skog Asa.

Year	Net Assets	Change
2025-12-31	Nkr5.82 Billion ≈ $612.33 Million	+8.08%
2024-12-31	Nkr5.38 Billion ≈ $566.55 Million	-12.61%
2023-12-31	Nkr6.16 Billion ≈ $648.31 Million	+4.26%
2022-12-31	Nkr5.91 Billion ≈ $621.80 Million	+88.61%
2021-12-31	Nkr3.13 Billion ≈ $329.68 Million	-2.64%
2020-12-31	Nkr3.22 Billion ≈ $338.63 Million	-41.41%
2019-12-31	Nkr5.49 Billion ≈ $577.92 Million	+132.22%
2018-12-31	Nkr2.37 Billion ≈ $248.87 Million	+265.85%
2017-12-31	Nkr-1.43 Billion ≈ $-150.06 Million	-875.00%
2016-12-31	Nkr184.00 Million ≈ $19.36 Million	+180.00%
2015-12-31	Nkr-230.00 Million ≈ $-24.20 Million	-117.90%
2014-12-31	Nkr1.28 Billion ≈ $135.22 Million	-40.92%
2013-12-31	Nkr2.17 Billion ≈ $228.87 Million	-49.57%
2012-12-31	Nkr4.31 Billion ≈ $453.85 Million	-41.97%
2011-12-31	Nkr7.43 Billion ≈ $782.17 Million	-27.01%
2010-12-31	Nkr10.18 Billion ≈ $1.07 Billion	-15.25%
2009-12-31	Nkr12.02 Billion ≈ $1.26 Billion	-11.86%
2008-12-31	Nkr13.63 Billion ≈ $1.43 Billion	-14.57%
2007-12-31	Nkr15.96 Billion ≈ $1.68 Billion	-13.98%
2006-12-31	Nkr18.55 Billion ≈ $1.95 Billion	-18.21%
2005-12-31	Nkr22.68 Billion ≈ $2.39 Billion	+18.15%
2004-12-31	Nkr19.20 Billion ≈ $2.02 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Norske Skog 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 128.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Nkr8.86 Billion	152.26%
Other Components	Nkr1.00 Million	0.02%
Total Equity	Nkr5.82 Billion	100.00%

Norske Skog Asa Competitors by Market Cap

The table below lists competitors of Norske Skog Asa ranked by their market capitalization.

Company	Market Cap
Greaves Cotton Limited NSE:GREAVESCOT	$416.04 Million
Uzin Utz AG XETRA:UZU	$416.16 Million
Thinkingdom Media Group Ltd SHG:603096	$416.18 Million
Ginwa Enterprise Group Inc SHG:600080	$416.21 Million
Nanjing Shenghang Shipping Co Ltd SHE:001205	$415.96 Million
Canopy Growth Corp TO:WEED	$415.48 Million
MT Hoejgaard Holding A/S CO:MTHH	$415.43 Million
Electrovaya Inc. NASDAQ:ELVA	$415.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Norske Skog Asa's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,384,000,000 to 5,819,000,000, a change of 435,000,000 (8.1%).
Net income of 405,000,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr405.00 Million	+6.96%
Other Changes	Nkr30.00 Million	+0.52%
Total Change	Nkr-	8.08%

Book Value vs Market Value Analysis

This analysis compares Norske Skog 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: 0.68x
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.
The price-to-book ratio has increased from 0.32x to 0.68x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	Nkr143.54	Nkr46.60	x
2005-12-31	Nkr153.74	Nkr46.60	x
2006-12-31	Nkr95.64	Nkr46.60	x
2007-12-31	Nkr82.32	Nkr46.60	x
2008-12-31	Nkr69.10	Nkr46.60	x
2009-12-31	Nkr63.20	Nkr46.60	x
2010-12-31	Nkr53.64	Nkr46.60	x
2011-12-31	Nkr39.07	Nkr46.60	x
2012-12-31	Nkr22.67	Nkr46.60	x
2013-12-31	Nkr11.46	Nkr46.60	x
2014-12-31	Nkr6.77	Nkr46.60	x
2015-12-31	Nkr-0.91	Nkr46.60	x
2016-12-31	Nkr0.73	Nkr46.60	x
2017-12-31	Nkr-5.11	Nkr46.60	x
2018-12-31	Nkr28.67	Nkr46.60	x
2019-12-31	Nkr66.57	Nkr46.60	x
2020-12-31	Nkr39.01	Nkr46.60	x
2021-12-31	Nkr33.65	Nkr46.60	x
2022-12-31	Nkr62.66	Nkr46.60	x
2023-12-31	Nkr67.48	Nkr46.60	x
2024-12-31	Nkr63.49	Nkr46.60	x
2025-12-31	Nkr68.59	Nkr46.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Norske Skog 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): 6.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.29%
• Asset Turnover: 0.64x
• Equity Multiplier: 2.53x
Recent ROE (6.96%) is above the historical average (-6.63%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	3.27%	2.45%	0.57x	2.33x	Nkr-1.28 Billion
2005	-3.89%	-3.32%	0.49x	2.37x	Nkr-3.05 Billion
2006	-15.52%	-9.75%	0.64x	2.50x	Nkr-4.62 Billion
2007	-3.96%	-2.28%	0.63x	2.77x	Nkr-2.18 Billion
2008	-21.12%	-10.45%	0.59x	3.45x	Nkr-4.07 Billion
2009	-11.68%	-6.88%	0.61x	2.77x	Nkr-2.60 Billion
2010	-24.30%	-13.00%	0.65x	2.88x	Nkr-3.49 Billion
2011	-34.30%	-13.46%	0.86x	2.96x	Nkr-3.29 Billion
2012	-64.54%	-16.74%	1.03x	3.73x	Nkr-3.21 Billion
2013	-84.78%	-13.82%	0.91x	6.72x	Nkr-2.06 Billion
2014	-117.04%	-12.38%	0.87x	10.88x	Nkr-1.63 Billion
2015	0.00%	-13.23%	0.91x	0.00x	Nkr-1.50 Billion
2016	160.33%	2.49%	1.16x	55.67x	Nkr276.60 Million
2017	0.00%	-30.81%	1.42x	0.00x	Nkr-3.41 Billion
2018	64.48%	12.06%	1.48x	3.62x	Nkr1.29 Billion
2019	37.22%	16.75%	1.19x	1.86x	Nkr1.49 Billion
2020	-58.55%	-20.54%	1.18x	2.42x	Nkr-2.21 Billion
2021	-11.59%	-3.69%	1.08x	2.91x	Nkr-676.30 Million
2022	43.53%	17.69%	1.07x	2.30x	Nkr1.98 Billion
2023	7.81%	4.08%	0.80x	2.39x	Nkr-135.10 Million
2024	-18.24%	-10.64%	0.64x	2.69x	Nkr-1.52 Billion
2025	6.96%	4.29%	0.64x	2.53x	Nkr-176.90 Million

Industry Comparison

This section compares Norske Skog Asa's net assets metrics with peer companies in the Paper & Paper Products industry.

No peer company data available for comparison.

About Norske Skog Asa

OL:NSKOG Norway Paper & Paper Products

Market Cap

$416.02 Million

Nkr3.95 Billion NOK

Market Cap Rank

#13493 Global

#104 in Norway

Share Price

Nkr46.60

Change (1 day)

-2.20%

52-Week Range

Nkr14.22 - Nkr47.85

All Time High

Nkr74.59