Otovo AS (OTOVO) - Net Assets

Latest as of June 2025: Nkr375.02 Million NOK ≈ $39.46 Million USD

Based on the latest financial reports, Otovo AS (OTOVO) has net assets worth Nkr375.02 Million NOK (≈ $39.46 Million USD) 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 ≈ $58.29 Million USD) and total liabilities (Nkr178.96 Million ≈ $18.83 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 Otovo AS (OTOVO) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Otovo AS total assets for the complete picture of this company's asset base.

Annual Net Assets for Otovo AS (2017–2024)

The table below shows the annual net assets of Otovo AS from 2017 to 2024. For live valuation and market cap data, see Otovo AS market capitalisation.

Year	Net Assets	Change
2024-12-31	Nkr498.72 Million ≈ $52.48 Million	-42.95%
2023-12-31	Nkr874.20 Million ≈ $91.99 Million	+64.48%
2022-12-31	Nkr531.50 Million ≈ $55.93 Million	+2.01%
2021-12-31	Nkr521.05 Million ≈ $54.83 Million	+198.62%
2020-12-31	Nkr174.49 Million ≈ $18.36 Million	-27.25%
2019-12-31	Nkr239.85 Million ≈ $25.24 Million	+109.34%
2018-12-31	Nkr114.58 Million ≈ $12.06 Million	+96.49%
2017-12-31	Nkr58.31 Million ≈ $6.14 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
Adimmune Corp TW:4142	$235.05 Million
Lewis Group Limited JSE:LEW	$235.10 Million
Ernst Russ AG XETRA:HXCK	$235.15 Million
Sight Sciences Inc NASDAQ:SGHT	$235.28 Million
American Resources Corp Class A NASDAQ:AREC	$235.04 Million
National Aerospace Fasteners Corp TW:3004	$234.79 Million
Steamships Trading Company Ltd AU:SST	$234.76 Million
G.M.I Technology Inc TW:3312	$234.75 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: 6.14x
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 1.23x to 6.14x 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	Nkr10.95	x
2018-12-31	Nkr1.12	Nkr10.95	x
2019-12-31	Nkr2.34	Nkr10.95	x
2020-12-31	Nkr1.70	Nkr10.95	x
2021-12-31	Nkr4.29	Nkr10.95	x
2022-12-31	Nkr3.89	Nkr10.95	x
2023-12-31	Nkr3.13	Nkr10.95	x
2024-12-31	Nkr1.78	Nkr10.95	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.

No peer company data available for comparison.

About Otovo AS

OL:OTOVO Norway Solar

Market Cap

$322.41 Million

Nkr3.06 Billion NOK

Market Cap Rank

#15935 Global

#126 in Norway

Share Price

Nkr10.95

Change (1 day)

-2.23%

52-Week Range

Nkr0.64 - Nkr16.40

All Time High

Nkr30.00