Polight ASA (PLT) - Net Assets
Based on the latest financial reports, Polight ASA (PLT) has net assets worth Nkr339.21 Million NOK (≈ $35.69 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 (Nkr372.78 Million ≈ $39.23 Million USD) and total liabilities (Nkr33.56 Million ≈ $3.53 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 PLT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr339.21 Million |
| % of Total Assets | 91.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | 58.95% |
| 10-Year Change | 73.92% |
| Growth Volatility | 52.56 |
Polight ASA - Net Assets Trend (2014–2025)
This chart illustrates how Polight ASA's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Polight ASA for the complete picture of this company's asset base.
Annual Net Assets for Polight ASA (2014–2025)
The table below shows the annual net assets of Polight ASA from 2014 to 2025. For live valuation and market cap data, see Polight ASA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr339.21 Million ≈ $35.69 Million |
+44.42% |
| 2024-12-31 | Nkr234.88 Million ≈ $24.72 Million |
+17.71% |
| 2023-12-31 | Nkr199.54 Million ≈ $21.00 Million |
+32.42% |
| 2022-12-31 | Nkr150.69 Million ≈ $15.86 Million |
-29.39% |
| 2021-12-31 | Nkr213.41 Million ≈ $22.46 Million |
+65.64% |
| 2020-12-31 | Nkr128.84 Million ≈ $13.56 Million |
+0.36% |
| 2019-12-31 | Nkr128.38 Million ≈ $13.51 Million |
-36.27% |
| 2018-12-31 | Nkr201.46 Million ≈ $21.20 Million |
+34.31% |
| 2017-12-31 | Nkr150.00 Million ≈ $15.78 Million |
-23.09% |
| 2016-12-31 | Nkr195.04 Million ≈ $20.52 Million |
+150.58% |
| 2015-12-31 | Nkr77.83 Million ≈ $8.19 Million |
+487.10% |
| 2014-12-31 | Nkr-20.11 Million ≈ $-2.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Polight 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 2921800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr3.47 Million | 1.02% |
| Other Components | Nkr335.75 Million | 98.98% |
| Total Equity | Nkr339.21 Million | 100.00% |
Polight ASA Competitors by Market Cap
The table below lists competitors of Polight ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Decidr Ai Industries Ltd
AU:DAI
|
$132.36 Million |
|
AirBoss of America Corp.
TO:BOS
|
$132.37 Million |
|
Paseco Co. Ltd
KQ:037070
|
$132.37 Million |
|
Dong Yang Pipe
KO:008970
|
$132.53 Million |
|
Sungei Bagan Rubber Malaya
KLSE:2569
|
$132.29 Million |
|
Decisive Dividend Corp
V:DE
|
$132.25 Million |
|
Evertop Wire Cable Corp
TW:1616
|
$132.24 Million |
|
K2 Gold Corporation
V:KTO
|
$132.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Polight ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 231,882,000 to 339,213,000, a change of 107,331,000 (46.3%).
- Net loss of 118,261,000 reduced equity.
- New share issuances of 223,851,000 increased equity.
- Other comprehensive income decreased equity by 1,436,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-118.26 Million | -34.86% |
| Share Issuances | Nkr223.85 Million | +65.99% |
| Other Comprehensive Income | Nkr-1.44 Million | -0.42% |
| Other Changes | Nkr3.18 Million | +0.94% |
| Total Change | Nkr- | 46.29% |
Book Value vs Market Value Analysis
This analysis compares Polight 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: 3.71x
- 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 0.49x to 3.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Nkr12.15 | Nkr5.91 | x |
| 2016-12-31 | Nkr6.67 | Nkr5.91 | x |
| 2017-12-31 | Nkr5.13 | Nkr5.91 | x |
| 2018-12-31 | Nkr6.61 | Nkr5.91 | x |
| 2019-12-31 | Nkr2.90 | Nkr5.91 | x |
| 2020-12-31 | Nkr2.71 | Nkr5.91 | x |
| 2021-12-31 | Nkr4.20 | Nkr5.91 | x |
| 2022-12-31 | Nkr2.70 | Nkr5.91 | x |
| 2023-12-31 | Nkr2.77 | Nkr5.91 | x |
| 2024-12-31 | Nkr2.21 | Nkr5.91 | x |
| 2025-12-31 | Nkr1.59 | Nkr5.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Polight 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): -34.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -577.33%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.10x
- Recent ROE (-34.86%) is above the historical average (-40.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -63.37% | -30446.91% | 0.00x | 1.31x | Nkr-57.11 Million |
| 2016 | -18.86% | -17029.63% | 0.00x | 1.13x | Nkr-56.29 Million |
| 2017 | -33.77% | -8263.78% | 0.00x | 1.14x | Nkr-65.66 Million |
| 2018 | -38.30% | -7434.01% | 0.00x | 1.09x | Nkr-97.31 Million |
| 2019 | -60.65% | -2605.89% | 0.02x | 1.13x | Nkr-90.70 Million |
| 2020 | -39.70% | -1694.44% | 0.02x | 1.10x | Nkr-64.04 Million |
| 2021 | -25.06% | -533.05% | 0.04x | 1.12x | Nkr-74.82 Million |
| 2022 | -45.05% | -508.05% | 0.07x | 1.18x | Nkr-82.96 Million |
| 2023 | -42.84% | -379.77% | 0.10x | 1.12x | Nkr-105.44 Million |
| 2024 | -42.60% | -1026.44% | 0.04x | 1.14x | Nkr-121.97 Million |
| 2025 | -34.86% | -577.33% | 0.05x | 1.10x | Nkr-152.18 Million |
Industry Comparison
This section compares Polight ASA's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $605,900,000
- Average return on equity (ROE) among peers: 6.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Polight ASA (PLT) | Nkr339.21 Million | -63.37% | 0.10x | $132.32 Million |
| Ensurge Micropower ASA (ENSU) | $-16.25 Million | 0.00% | 0.00x | $65.29 Million |
| Kitron ASA (KIT) | $1.23 Billion | 12.45% | 1.69x | $2.31 Billion |
About Polight ASA
poLight ASA develops optical lens for consumer devices and professional applications in Europe, Asia, and the United States. The company's lens replicates the lens of the human eye enabling the implementation of autofocus functions for various applications. Its product portfolio includes TLens, a tuneable optical lens for autofocus camera applications; Packaged TLens that facilitates integration … Read more