Odfjell B (ODFB) - Net Assets
Based on the latest financial reports, Odfjell B (ODFB) has net assets worth Nkr992.70 Million NOK (≈ $104.46 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 (Nkr2.04 Billion ≈ $214.22 Million USD) and total liabilities (Nkr1.04 Billion ≈ $109.76 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 Odfjell B asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr992.70 Million |
| % of Total Assets | 48.76% |
| Annual Growth Rate | 4.11% |
| 5-Year Change | 80.97% |
| 10-Year Change | 38.12% |
| Growth Volatility | 13.8 |
Odfjell B - Net Assets Trend (2014–2025)
This chart illustrates how Odfjell B's net assets have evolved over time, based on quarterly financial data. Also explore how large is Odfjell B's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Odfjell B (2014–2025)
The table below shows the annual net assets of Odfjell B from 2014 to 2025. For live valuation and market cap data, see market value of Odfjell B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr992.80 Million ≈ $104.47 Million |
+6.78% |
| 2024-12-31 | Nkr929.78 Million ≈ $97.84 Million |
+16.44% |
| 2023-12-31 | Nkr798.51 Million ≈ $84.03 Million |
+14.53% |
| 2022-12-31 | Nkr697.22 Million ≈ $73.37 Million |
+27.09% |
| 2021-12-31 | Nkr548.60 Million ≈ $57.73 Million |
-4.74% |
| 2020-12-31 | Nkr575.89 Million ≈ $60.60 Million |
+4.49% |
| 2019-12-31 | Nkr551.15 Million ≈ $58.00 Million |
-8.23% |
| 2018-12-31 | Nkr600.59 Million ≈ $63.20 Million |
-26.39% |
| 2017-12-31 | Nkr815.93 Million ≈ $85.86 Million |
+13.51% |
| 2016-12-31 | Nkr718.81 Million ≈ $75.64 Million |
+11.38% |
| 2015-12-31 | Nkr645.34 Million ≈ $67.91 Million |
+1.22% |
| 2014-12-31 | Nkr637.59 Million ≈ $67.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Odfjell B'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 62.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr784.00 Million | 78.97% |
| Other Components | Nkr208.80 Million | 21.03% |
| Total Equity | Nkr992.80 Million | 100.00% |
Odfjell B Competitors by Market Cap
The table below lists competitors of Odfjell B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beacon Minerals Limited
AU:BCN
|
$225.15 Million |
|
DKSH Holdings Malaysia Berhad
KLSE:5908
|
$225.23 Million |
|
UNISEM Co. Ltd
KQ:036200
|
$225.30 Million |
|
Amplify Energy Corp
NYSE:AMPY
|
$225.45 Million |
|
Biotrend Cevre ve Enerji Yatirimlari AS
IS:BIOEN
|
$225.09 Million |
|
AME REIT
KLSE:5307
|
$225.00 Million |
|
Best SA
WAR:BST
|
$224.96 Million |
|
Kingstone Companies Inc
NASDAQ:KINS
|
$224.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Odfjell B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 929,781,000 to 992,800,000, a change of 63,019,000 (6.8%).
- Net income of 155,400,000 contributed positively to equity growth.
- Dividend payments of 99,700,000 reduced retained earnings.
- Share repurchases of 600,000 reduced equity.
- New share issuances of 600,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr155.40 Million | +15.65% |
| Dividends Paid | Nkr99.70 Million | -10.04% |
| Share Repurchases | Nkr600.00K | -0.06% |
| Share Issuances | Nkr600.00K | +0.06% |
| Other Changes | Nkr7.32 Million | +0.74% |
| Total Change | Nkr- | 6.78% |
Book Value vs Market Value Analysis
This analysis compares Odfjell B'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: 9.09x
- 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 12.46x to 9.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr9.15 | Nkr114.00 | x |
| 2017-12-31 | Nkr10.38 | Nkr114.00 | x |
| 2018-12-31 | Nkr7.63 | Nkr114.00 | x |
| 2019-12-31 | Nkr7.00 | Nkr114.00 | x |
| 2020-12-31 | Nkr7.31 | Nkr114.00 | x |
| 2021-12-31 | Nkr6.95 | Nkr114.00 | x |
| 2022-12-31 | Nkr8.83 | Nkr114.00 | x |
| 2023-12-31 | Nkr10.11 | Nkr114.00 | x |
| 2024-12-31 | Nkr11.76 | Nkr114.00 | x |
| 2025-12-31 | Nkr12.55 | Nkr114.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Odfjell B 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): 15.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.93%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.05x
- Recent ROE (15.65%) is above the historical average (4.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -11.79% | -7.14% | 0.52x | 3.19x | Nkr-138.90 Million |
| 2015 | -5.52% | -3.84% | 0.48x | 3.01x | Nkr-100.17 Million |
| 2016 | 13.91% | 12.12% | 0.44x | 2.62x | Nkr28.13 Million |
| 2017 | 11.10% | 10.75% | 0.42x | 2.45x | Nkr9.01 Million |
| 2018 | -35.10% | -24.78% | 0.46x | 3.07x | Nkr-270.89 Million |
| 2019 | -6.65% | -4.20% | 0.43x | 3.66x | Nkr-91.76 Million |
| 2020 | 4.83% | 2.96% | 0.42x | 3.86x | Nkr-29.76 Million |
| 2021 | -6.05% | -3.20% | 0.50x | 3.78x | Nkr-88.06 Million |
| 2022 | 20.31% | 10.81% | 0.65x | 2.88x | Nkr71.89 Million |
| 2023 | 25.46% | 17.03% | 0.60x | 2.50x | Nkr123.45 Million |
| 2024 | 29.88% | 22.25% | 0.58x | 2.33x | Nkr184.83 Million |
| 2025 | 15.65% | 13.93% | 0.55x | 2.05x | Nkr56.12 Million |
Industry Comparison
This section compares Odfjell B's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $237,883,923
- Average return on equity (ROE) among peers: 42.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Odfjell B (ODFB) | Nkr992.70 Million | -11.79% | 1.05x | $225.10 Million |
| 2020 Bulkers Ltd (2020) | $151.70 Million | 46.67% | 1.57x | $7.25 Million |
| ADS Maritime Holding Plc (ADS) | $21.60 Million | 7.70% | 0.04x | $18.68 Million |
| American Shipping Company ASA (AMSC) | $155.73 Million | -23.07% | 2.68x | $7.19K |
| BW LPG Ltd (BWLPG) | $4.42 Million | -485.20% | 252.31x | $2.96 Billion |
| Golden Energy Offshore Services AS (GEOS) | $108.01 Million | -53.59% | 4.23x | $58.11 Million |
| Golden Ocean Group Ltd (GOGL) | $229.08 Million | 14.81% | 0.60x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $397.82 Million | 0.74% | 2.07x | $4.30 Billion |
| Hoegh Autoliners ASA (HAUTO) | $1.08 Billion | 27.61% | 0.65x | $2.66 Billion |
| Havila Shipping ASA (HAVI) | $137.14 Million | 886.17% | 15.90x | $32.72 Million |
| Himalaya Shipping Ltd (HSHP) | $91.78 Million | -1.06% | 0.04x | $623.43 Million |
About Odfjell B
Odfjell SE provides services for the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products in North America, South America, Norway, the Netherlands, rest of Europe, the Middle East, Asia, Africa, and Australasia. It operates through Chemical Tankers and Tank Terminals segments. The company owns and operates chemical tankers that offer global and reg… Read more