Nordic Unmanned As
Nordic Unmanned ASA provides drones, data capture products, and flight services worldwide. The company offers unmanned systems and sensors. It provides oilspill and emission monitoring, smart ports, maritime surveillance, search and rescue, and fishery inspection services; and defense and security services, such as system integration and UAV service operation, as well as sells equipment. In addit… Read more
Nordic Unmanned As (NUMND) - Net Assets
Latest net assets as of September 2024: Nkr7.73 Million NOK
Based on the latest financial reports, Nordic Unmanned As (NUMND) has net assets worth Nkr7.73 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 (Nkr29.31 Million) and total liabilities (Nkr21.58 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 | Nkr7.73 Million |
| % of Total Assets | 26.39% |
| Annual Growth Rate | 89.57% |
| 5-Year Change | -3.67% |
| 10-Year Change | N/A |
| Growth Volatility | 1951.12 |
Nordic Unmanned As - Net Assets Trend (2017–2023)
This chart illustrates how Nordic Unmanned 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 Nordic Unmanned As (2017–2023)
The table below shows the annual net assets of Nordic Unmanned As from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr13.92 Million | -39.27% |
| 2022-12-31 | Nkr22.92 Million | -92.37% |
| 2021-12-31 | Nkr300.47 Million | +158.14% |
| 2020-12-31 | Nkr116.40 Million | +705.52% |
| 2019-12-31 | Nkr14.45 Million | +5330.11% |
| 2018-12-31 | Nkr266.11K | -11.37% |
| 2017-12-31 | Nkr300.23K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nordic Unmanned 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 5547.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr57.33 Million | 407.23% |
| Total Equity | Nkr14.08 Million | 100.00% |
Nordic Unmanned As Competitors by Market Cap
The table below lists competitors of Nordic Unmanned As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wright Investors Service Holdings Inc
PINK:IWSH
|
$1.14 Million |
|
Safari Investments RSA Ltd
JSE:SAR
|
$1.14 Million |
|
D R HORTON - Dusseldorf Stock Exchang
DU:HO2
|
$1.14 Million |
|
QUALCOMM (QCI.SG)
STU:QCI
|
$1.14 Million |
|
21st Century Management Services Limited
NSE:21STCENMGM
|
$1.14 Million |
|
Rakovina Therapeutics Inc
V:RKV
|
$1.14 Million |
|
Prestal Holdings Ltd
AU:PTL
|
$1.14 Million |
|
Visionflex Group Ltd
AU:VFX
|
$1.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Unmanned As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 22,923,420 to 14,078,307, a change of -8,845,113 (-38.6%).
- Net loss of 16,319,654 reduced equity.
- New share issuances of 7,365,932 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-16.32 Million | -115.92% |
| Share Issuances | Nkr7.37 Million | +52.32% |
| Other Changes | Nkr108.61K | +0.77% |
| Total Change | Nkr- | -38.59% |
Book Value vs Market Value Analysis
This analysis compares Nordic Unmanned 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: 39.16x
- 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 59.66x to 39.16x 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 | Nkr0.01 | Nkr0.77 | x |
| 2018-12-31 | Nkr0.01 | Nkr0.77 | x |
| 2019-12-31 | Nkr0.72 | Nkr0.77 | x |
| 2020-12-31 | Nkr5.79 | Nkr0.77 | x |
| 2021-12-31 | Nkr11.43 | Nkr0.77 | x |
| 2022-12-31 | Nkr0.43 | Nkr0.77 | x |
| 2023-12-31 | Nkr0.02 | Nkr0.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Unmanned 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): -115.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -105.58%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.88x
- Recent ROE (-115.92%) is below the historical average (-89.56%), 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 | -305.71% | -90.74% | 0.62x | 5.45x | Nkr-947.86K |
| 2018 | -117.94% | -31.87% | 0.72x | 5.14x | Nkr-340.47K |
| 2019 | 6.75% | 3.21% | 0.68x | 3.09x | Nkr-469.18K |
| 2020 | 2.13% | 3.79% | 0.39x | 1.42x | Nkr-9.17 Million |
| 2021 | -10.81% | -30.93% | 0.23x | 1.55x | Nkr-62.54 Million |
| 2022 | -85.40% | -121.62% | 0.35x | 2.00x | Nkr-21.87 Million |
| 2023 | -115.92% | -105.58% | 0.38x | 2.88x | Nkr-17.73 Million |
Industry Comparison
This section compares Nordic Unmanned As's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $271,265,746
- Average return on equity (ROE) among peers: -39.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Unmanned As (NUMND) | Nkr7.73 Million | -305.71% | 2.79x | $1.14 Million |
| Fjord Defence Group ASA (DFENS) | $271.27 Million | -39.67% | 0.06x | $29.21 Million |