Norsk Solar AS
Norsk Renewables AS, an independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway, Brazil, Vietnam, South Africa, Pakistan, and Ukraine. The company has proportionate ownership of 24 megawatts in 88 megawatts of solar power plants. It serves its products to utility and large corporate off-takers. The company was founded in 2017 and is headquartered in… Read more
Norsk Solar AS (NSOL) - Net Assets
Latest net assets as of September 2024: Nkr22.78 Million NOK
Based on the latest financial reports, Norsk Solar AS (NSOL) has net assets worth Nkr22.78 Million NOK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr148.36 Million) and total liabilities (Nkr125.58 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 | Nkr22.78 Million |
| % of Total Assets | 15.36% |
| Annual Growth Rate | 2.83% |
| 5-Year Change | -25.61% |
| 10-Year Change | N/A |
| Growth Volatility | 90.24 |
Norsk Solar AS - Net Assets Trend (2017–2023)
This chart illustrates how Norsk Solar AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norsk Solar AS (2017–2023)
The table below shows the annual net assets of Norsk Solar AS from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr21.78 Million | -76.01% |
| 2022-12-31 | Nkr90.79 Million | -43.39% |
| 2021-12-31 | Nkr160.38 Million | +202.69% |
| 2020-12-31 | Nkr52.99 Million | +80.96% |
| 2019-12-31 | Nkr29.28 Million | +24.31% |
| 2018-12-31 | Nkr23.55 Million | +27.87% |
| 2017-12-31 | Nkr18.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norsk Solar 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 5540300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr80.83 Million | 317.85% |
| Total Equity | Nkr25.43 Million | 100.00% |
Norsk Solar AS Competitors by Market Cap
The table below lists competitors of Norsk Solar AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XTRACT RES PLC LS -0002
F:R9XN
|
$385.16K |
|
Rekah Pharmaceutical Industry Ltd
TA:REKA
|
$385.28K |
|
Cavalry Capital Corp.
V:CVY-P
|
$385.60K |
|
AdvanceTC Limited
PINK:ATCLF
|
$385.78K |
|
Janus Electric Holdings Ltd
AU:JNS
|
$384.47K |
|
FASTENAL (FAS.SG)
STU:FAS
|
$384.46K |
|
MAGHREB OXYGENE
BC:MAGHREB-OXYGENE
|
$384.42K |
|
Big Tree Carbon Inc.
V:BIGT
|
$384.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norsk Solar AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 90,792,000 to 25,432,000, a change of -65,360,000 (-72.0%).
- Net loss of 68,400,000 reduced equity.
- New share issuances of 4,000 increased equity.
- Other factors increased equity by 3,036,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-68.40 Million | -268.95% |
| Share Issuances | Nkr4.00K | +0.02% |
| Other Changes | Nkr3.04 Million | +11.94% |
| Total Change | Nkr- | -71.99% |
Book Value vs Market Value Analysis
This analysis compares Norsk Solar 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: 0.67x
- 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 |
|---|---|---|---|
| 2017-12-31 | Nkr0.29 | Nkr0.20 | x |
| 2018-12-31 | Nkr0.32 | Nkr0.20 | x |
| 2019-12-31 | Nkr0.12 | Nkr0.20 | x |
| 2020-12-31 | Nkr0.47 | Nkr0.20 | x |
| 2021-12-31 | Nkr1.82 | Nkr0.20 | x |
| 2022-12-31 | Nkr1.21 | Nkr0.20 | x |
| 2023-12-31 | Nkr0.29 | Nkr0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norsk Solar 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): -268.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -440.13%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 5.46x
- Recent ROE (-268.95%) is below the historical average (-85.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -8.73% | -1060.66% | 0.01x | 1.03x | Nkr-3.45 Million |
| 2018 | -52.50% | -10375.17% | 0.00x | 1.04x | Nkr-14.72 Million |
| 2019 | -125.37% | -989.30% | 0.01x | 13.09x | Nkr-12.25 Million |
| 2020 | -57.37% | -222.76% | 0.08x | 3.03x | Nkr-23.84 Million |
| 2021 | -25.55% | -256.75% | 0.06x | 1.58x | Nkr-48.28 Million |
| 2022 | -57.75% | -381.67% | 0.08x | 1.96x | Nkr-61.51 Million |
| 2023 | -268.95% | -440.13% | 0.11x | 5.46x | Nkr-70.94 Million |
Industry Comparison
This section compares Norsk Solar AS's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $2,370,907,178
- Average return on equity (ROE) among peers: -11.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norsk Solar AS (NSOL) | Nkr22.78 Million | -8.73% | 5.51x | $384.61K |
| Aega ASA (AEGA) | $8.66 Million | -22.80% | 1.80x | $402.90K |
| Cloudberry Clean Energy As (CLOUD) | $5.43 Billion | 1.12% | 0.74x | $221.08 Million |
| EAM Solar ASA (EAM) | $9.67 Million | -1.79% | 0.73x | $2.52 Million |
| Eqva ASA (EQVA) | $-114.66 Million | 0.00% | 0.00x | $8.18 Million |
| Magnora ASA (MGN) | $5.87 Billion | -14.16% | 1.32x | $81.76 Million |
| MPC Energy Solutions NV (MPCES) | $75.18 Million | -7.47% | 0.72x | $25.09 Million |
| Nordic Financials ASA (NOFIN) | $99.67 Million | -22.80% | 1.80x | $1.70K |
| Ocean Sun As (OSUN) | $45.17 Million | -41.32% | 0.17x | $1.30 Million |
| Scatec Solar OL (SCATC) | $9.92 Billion | 3.91% | 2.33x | $1.59 Billion |