Otovo AS
Otovo ASA, together with its subsidiaries, operates an online marketplace for solar installations in Norway. It operates through two segments, Marketplace and Subscription SPV. The company develops and manages an online sales platform, which provides subscription for solar panel installations and related products for private households. It operates in Europe, Norway, Sweden, Poland, Italy, German… Read more
Otovo AS (OTOVO) - Net Assets
Latest net assets as of June 2025: Nkr375.02 Million NOK
Based on the latest financial reports, Otovo AS (OTOVO) has net assets worth Nkr375.02 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr553.98 Million) and total liabilities (Nkr178.96 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 | Nkr375.02 Million |
| % of Total Assets | 67.69% |
| Annual Growth Rate | 35.88% |
| 5-Year Change | 185.82% |
| 10-Year Change | N/A |
| Growth Volatility | 79.75 |
Otovo AS - Net Assets Trend (2017–2024)
This chart illustrates how Otovo 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 Otovo AS (2017–2024)
The table below shows the annual net assets of Otovo AS from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr498.72 Million | -42.95% |
| 2023-12-31 | Nkr874.20 Million | +64.48% |
| 2022-12-31 | Nkr531.50 Million | +2.01% |
| 2021-12-31 | Nkr521.05 Million | +198.62% |
| 2020-12-31 | Nkr174.49 Million | -27.25% |
| 2019-12-31 | Nkr239.85 Million | +109.34% |
| 2018-12-31 | Nkr114.58 Million | +96.49% |
| 2017-12-31 | Nkr58.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Otovo 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 139946901600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr2.80 Million | 0.56% |
| Other Components | Nkr1.92 Billion | 384.78% |
| Total Equity | Nkr498.72 Million | 100.00% |
Otovo AS Competitors by Market Cap
The table below lists competitors of Otovo AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WICE Logistics PCL
BK:WICE
|
$20.63 Million |
|
Leoch International Technology Limited
F:0LT
|
$20.63 Million |
|
MetalsTech Limited
F:MT1
|
$20.63 Million |
|
NextTrip Inc
NASDAQ:NTRP
|
$20.64 Million |
|
Milae Bioresources Co. Ltd
KQ:218150
|
$20.63 Million |
|
Awea Mechantronic Co Ltd
TW:1530
|
$20.63 Million |
|
4DS Memory Limited
PINK:FRDSF
|
$20.61 Million |
|
Kamat Hotels (I) Limited
NSE:KAMATHOTEL
|
$20.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Otovo AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 874,195,000 to 498,724,000, a change of -375,471,000 (-43.0%).
- Net loss of 374,510,000 reduced equity.
- Share repurchases of 176,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-374.51 Million | -75.09% |
| Share Repurchases | Nkr176.00K | -0.04% |
| Other Changes | Nkr-785.00K | -0.16% |
| Total Change | Nkr- | -42.95% |
Book Value vs Market Value Analysis
This analysis compares Otovo 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: 6.22x
- 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 increased from 1.24x to 6.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr8.92 | Nkr11.10 | x |
| 2018-12-31 | Nkr1.12 | Nkr11.10 | x |
| 2019-12-31 | Nkr2.34 | Nkr11.10 | x |
| 2020-12-31 | Nkr1.70 | Nkr11.10 | x |
| 2021-12-31 | Nkr4.29 | Nkr11.10 | x |
| 2022-12-31 | Nkr3.89 | Nkr11.10 | x |
| 2023-12-31 | Nkr3.13 | Nkr11.10 | x |
| 2024-12-31 | Nkr1.78 | Nkr11.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Otovo 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): -75.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -57.71%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.23x
- Recent ROE (-75.09%) is below the historical average (-43.27%), 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 | -22.86% | -31.72% | 0.55x | 1.32x | Nkr-19.16 Million |
| 2018 | -35.01% | -42.66% | 0.63x | 1.30x | Nkr-51.57 Million |
| 2019 | -21.43% | -26.54% | 0.54x | 1.49x | Nkr-75.39 Million |
| 2020 | -58.16% | -66.75% | 0.58x | 1.49x | Nkr-118.93 Million |
| 2021 | -31.37% | -53.08% | 0.44x | 1.35x | Nkr-202.59 Million |
| 2022 | -58.23% | -47.45% | 0.70x | 1.76x | Nkr-362.65 Million |
| 2023 | -44.01% | -36.48% | 0.78x | 1.55x | Nkr-472.19 Million |
| 2024 | -75.09% | -57.71% | 0.58x | 2.23x | Nkr-424.38 Million |
Industry Comparison
This section compares Otovo AS's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $30,705,270
- Average return on equity (ROE) among peers: 252.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Otovo AS (OTOVO) | Nkr375.02 Million | -22.86% | 0.48x | $20.63 Million |
| Energeia A/S (ENERG) | $30.71 Million | 252.06% | 4.90x | $6.31 Million |