Orkla ASA (ORK) - Net Assets
Based on the latest financial reports, Orkla ASA (ORK) has net assets worth Nkr48.66 Billion NOK (≈ $5.12 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr88.70 Billion ≈ $9.33 Billion USD) and total liabilities (Nkr40.03 Billion ≈ $4.21 Billion 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 Orkla ASA (ORK) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr48.66 Billion |
| % of Total Assets | 54.86% |
| Annual Growth Rate | 5.98% |
| 5-Year Change | 32.52% |
| 10-Year Change | 53.93% |
| Growth Volatility | 23.25 |
Orkla ASA - Net Assets Trend (1996–2025)
This chart illustrates how Orkla ASA's net assets have evolved over time, based on quarterly financial data. See ORK cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Orkla ASA (1996–2025)
The table below shows the annual net assets of Orkla ASA from 1996 to 2025. For live valuation and market cap data, see Orkla ASA (ORK) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr52.15 Billion ≈ $5.49 Billion |
+1.51% |
| 2024-12-31 | Nkr51.37 Billion ≈ $5.41 Billion |
+9.89% |
| 2023-12-31 | Nkr46.75 Billion ≈ $4.92 Billion |
+8.32% |
| 2022-12-31 | Nkr43.16 Billion ≈ $4.54 Billion |
+9.67% |
| 2021-12-31 | Nkr39.35 Billion ≈ $4.14 Billion |
+4.37% |
| 2020-12-31 | Nkr37.70 Billion ≈ $3.97 Billion |
+8.00% |
| 2019-12-31 | Nkr34.91 Billion ≈ $3.67 Billion |
+2.82% |
| 2018-12-31 | Nkr33.95 Billion ≈ $3.57 Billion |
-2.54% |
| 2017-12-31 | Nkr34.84 Billion ≈ $3.67 Billion |
+2.84% |
| 2016-12-31 | Nkr33.88 Billion ≈ $3.56 Billion |
+0.39% |
| 2015-12-31 | Nkr33.75 Billion ≈ $3.55 Billion |
+7.80% |
| 2014-12-31 | Nkr31.30 Billion ≈ $3.29 Billion |
+1.70% |
| 2013-12-31 | Nkr30.78 Billion ≈ $3.24 Billion |
+1.12% |
| 2012-12-31 | Nkr30.44 Billion ≈ $3.20 Billion |
-9.72% |
| 2011-12-31 | Nkr33.72 Billion ≈ $3.55 Billion |
-28.16% |
| 2010-12-31 | Nkr46.93 Billion ≈ $4.94 Billion |
-4.08% |
| 2009-12-31 | Nkr48.92 Billion ≈ $5.15 Billion |
-2.28% |
| 2008-12-31 | Nkr50.07 Billion ≈ $5.27 Billion |
-9.40% |
| 2007-12-31 | Nkr55.26 Billion ≈ $5.82 Billion |
+14.87% |
| 2006-12-31 | Nkr48.11 Billion ≈ $5.06 Billion |
+26.86% |
| 2005-12-31 | Nkr37.92 Billion ≈ $3.99 Billion |
+29.98% |
| 2004-12-31 | Nkr29.18 Billion ≈ $3.07 Billion |
+111.02% |
| 2003-12-31 | Nkr13.83 Billion ≈ $1.45 Billion |
-23.30% |
| 2002-12-31 | Nkr18.02 Billion ≈ $1.90 Billion |
-4.92% |
| 2001-12-31 | Nkr18.96 Billion ≈ $1.99 Billion |
+9.57% |
| 2000-12-31 | Nkr17.30 Billion ≈ $1.82 Billion |
+21.62% |
| 1999-12-31 | Nkr14.23 Billion ≈ $1.50 Billion |
+7.45% |
| 1998-12-31 | Nkr13.24 Billion ≈ $1.39 Billion |
+9.25% |
| 1997-12-31 | Nkr12.12 Billion ≈ $1.28 Billion |
+25.29% |
| 1996-12-31 | Nkr9.67 Billion ≈ $1.02 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Orkla 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 grown by 4670500000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr46.70 Billion | 95.97% |
| Other Components | Nkr1.96 Billion | 4.03% |
| Total Equity | Nkr48.66 Billion | 100.00% |
Orkla ASA Competitors by Market Cap
The table below lists competitors of Orkla ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Max Healthcare Institute Limited
NSE:MAXHEALTH
|
$10.16 Billion |
|
Finning International Inc.
TO:FTT
|
$10.17 Billion |
|
SPX Corp
NYSE:SPXC
|
$10.18 Billion |
|
Mineral Resources Ltd
AU:MIN
|
$10.19 Billion |
|
Sime Darby Plantation Bhd
KLSE:5285
|
$10.14 Billion |
|
Smurfit Kappa Group PLC
F:SK3
|
$10.13 Billion |
|
PIRAEUS F.HL.ADR NEW 2021
F:BKP0
|
$10.13 Billion |
|
Hyundai Engineering & Construction
KO:000720
|
$10.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Orkla ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 48,044,000,000 to 48,664,000,000, a change of 620,000,000 (1.3%).
- Net income of 11,473,000,000 contributed positively to equity growth.
- Dividend payments of 11,222,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr11.47 Billion | +23.58% |
| Dividends Paid | Nkr11.22 Billion | -23.06% |
| Other Changes | Nkr369.00 Million | +0.76% |
| Total Change | Nkr- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Orkla 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: 2.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.16x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | Nkr9.67 | Nkr98.20 | x |
| 1997-12-31 | Nkr10.02 | Nkr98.20 | x |
| 1998-12-31 | Nkr10.50 | Nkr98.20 | x |
| 1999-12-31 | Nkr11.38 | Nkr98.20 | x |
| 2000-12-31 | Nkr15.55 | Nkr98.20 | x |
| 2001-12-31 | Nkr16.39 | Nkr98.20 | x |
| 2002-12-31 | Nkr16.77 | Nkr98.20 | x |
| 2003-12-31 | Nkr12.91 | Nkr98.20 | x |
| 2004-12-31 | Nkr27.86 | Nkr98.20 | x |
| 2005-12-31 | Nkr36.00 | Nkr98.20 | x |
| 2006-12-31 | Nkr46.31 | Nkr98.20 | x |
| 2007-12-31 | Nkr51.07 | Nkr98.20 | x |
| 2008-12-31 | Nkr45.95 | Nkr98.20 | x |
| 2009-12-31 | Nkr47.72 | Nkr98.20 | x |
| 2010-12-31 | Nkr45.67 | Nkr98.20 | x |
| 2011-12-31 | Nkr32.77 | Nkr98.20 | x |
| 2012-12-31 | Nkr29.83 | Nkr98.20 | x |
| 2013-12-31 | Nkr30.08 | Nkr98.20 | x |
| 2014-12-31 | Nkr30.52 | Nkr98.20 | x |
| 2015-12-31 | Nkr32.73 | Nkr98.20 | x |
| 2016-12-31 | Nkr32.88 | Nkr98.20 | x |
| 2017-12-31 | Nkr33.82 | Nkr98.20 | x |
| 2018-12-31 | Nkr33.22 | Nkr98.20 | x |
| 2019-12-31 | Nkr34.45 | Nkr98.20 | x |
| 2020-12-31 | Nkr37.22 | Nkr98.20 | x |
| 2021-12-31 | Nkr38.42 | Nkr98.20 | x |
| 2022-12-31 | Nkr41.82 | Nkr98.20 | x |
| 2023-12-31 | Nkr45.38 | Nkr98.20 | x |
| 2024-12-31 | Nkr48.04 | Nkr98.20 | x |
| 2025-12-31 | Nkr49.16 | Nkr98.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orkla 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): 23.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.04%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.82x
- Recent ROE (23.58%) is above the historical average (13.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 18.82% | 0.00% | 0.00x | 2.85x | Nkr821.30 Million |
| 1997 | 23.95% | 8.81% | 0.83x | 3.29x | Nkr1.56 Billion |
| 1998 | 12.38% | 4.96% | 0.78x | 3.18x | Nkr288.40 Million |
| 1999 | 13.88% | 5.81% | 0.74x | 3.22x | Nkr501.20 Million |
| 2000 | 23.00% | 11.28% | 0.69x | 2.96x | Nkr2.14 Billion |
| 2001 | 13.80% | 5.60% | 0.81x | 3.04x | Nkr683.10 Million |
| 2002 | 9.33% | 5.86% | 0.68x | 2.35x | Nkr-118.50 Million |
| 2003 | 14.52% | 6.54% | 0.71x | 3.11x | Nkr602.80 Million |
| 2004 | 54.39% | 49.62% | 0.73x | 1.50x | Nkr12.75 Billion |
| 2005 | 16.18% | 13.07% | 0.62x | 2.01x | Nkr2.30 Billion |
| 2006 | 23.63% | 21.90% | 0.65x | 1.67x | Nkr6.51 Billion |
| 2007 | 16.04% | 14.06% | 0.63x | 1.80x | Nkr3.18 Billion |
| 2008 | -6.26% | -4.64% | 0.61x | 2.21x | Nkr-7.70 Billion |
| 2009 | 5.27% | 5.24% | 0.52x | 1.95x | Nkr-2.30 Billion |
| 2010 | -1.97% | -3.09% | 0.34x | 1.88x | Nkr-5.57 Billion |
| 2011 | -2.26% | -2.51% | 0.45x | 1.98x | Nkr-4.10 Billion |
| 2012 | 5.41% | 6.64% | 0.43x | 1.90x | Nkr-1.38 Billion |
| 2013 | 2.26% | 2.46% | 0.54x | 1.71x | Nkr-2.36 Billion |
| 2014 | 5.34% | 5.60% | 0.59x | 1.61x | Nkr-1.45 Billion |
| 2015 | 9.89% | 9.93% | 0.61x | 1.63x | Nkr-37.90 Million |
| 2016 | 12.82% | 11.37% | 0.68x | 1.66x | Nkr945.60 Million |
| 2017 | 24.94% | 21.69% | 0.74x | 1.55x | Nkr5.14 Billion |
| 2018 | 9.76% | 8.01% | 0.76x | 1.60x | Nkr-79.70 Million |
| 2019 | 11.14% | 8.80% | 0.76x | 1.67x | Nkr392.80 Million |
| 2020 | 11.74% | 9.27% | 0.75x | 1.69x | Nkr646.80 Million |
| 2021 | 12.51% | 9.53% | 0.71x | 1.84x | Nkr963.90 Million |
| 2022 | 12.04% | 8.60% | 0.72x | 1.94x | Nkr850.40 Million |
| 2023 | 11.48% | 7.66% | 0.78x | 1.91x | Nkr669.30 Million |
| 2024 | 12.61% | 8.57% | 0.79x | 1.87x | Nkr1.25 Billion |
| 2025 | 23.58% | 16.04% | 0.81x | 1.82x | Nkr6.61 Billion |
Industry Comparison
This section compares Orkla ASA's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,056,800,333
- Average return on equity (ROE) among peers: -64.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Orkla ASA (ORK) | Nkr48.66 Billion | 18.82% | 0.82x | $10.14 Billion |
| Aker Biomarine AS (AKBM) | $173.90 Million | 104.89% | 1.23x | $980.11 Million |
| Hofseth Biocare ASA (HBC) | $32.55 Million | -307.85% | 4.94x | $53.63 Million |
| Lerøy Seafood Group ASA (LSG) | $5.96 Billion | 8.06% | 0.97x | $2.62 Billion |
About Orkla ASA
Orkla ASA operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and pe… Read more