Petronor E&P Ltd (PNOR) - Net Assets
Based on the latest financial reports, Petronor E&P Ltd (PNOR) has net assets worth Nkr162.57 Million NOK (≈ $17.11 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr214.35 Million ≈ $22.56 Million USD) and total liabilities (Nkr51.78 Million ≈ $5.45 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 asset resilience ratio of Petronor E&P Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr162.57 Million |
| % of Total Assets | 75.84% |
| Annual Growth Rate | 39.49% |
| 5-Year Change | 779.93% |
| 10-Year Change | N/A |
| Growth Volatility | 72.46 |
Petronor E&P Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Petronor E&P Ltd's net assets have evolved over time, based on quarterly financial data. Also explore PNOR total asset value for the complete picture of this company's asset base.
Annual Net Assets for Petronor E&P Ltd (2018–2024)
The table below shows the annual net assets of Petronor E&P Ltd from 2018 to 2024. For live valuation and market cap data, see Petronor E&P Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr196.19 Million ≈ $20.64 Million |
+5.05% |
| 2023-12-31 | Nkr186.75 Million ≈ $19.65 Million |
+69.89% |
| 2022-12-31 | Nkr109.92 Million ≈ $11.57 Million |
+67.02% |
| 2021-12-31 | Nkr65.82 Million ≈ $6.93 Million |
+195.20% |
| 2020-12-31 | Nkr22.30 Million ≈ $2.35 Million |
-37.43% |
| 2019-12-31 | Nkr35.63 Million ≈ $3.75 Million |
+33.86% |
| 2018-12-31 | Nkr26.62 Million ≈ $2.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Petronor E&P Ltd'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 801.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr123.38 Million | 62.89% |
| Common Stock | Nkr159.00K | 0.08% |
| Other Components | Nkr72.65 Million | 37.03% |
| Total Equity | Nkr196.19 Million | 100.00% |
Petronor E&P Ltd Competitors by Market Cap
The table below lists competitors of Petronor E&P Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Integrated Wind Solutions AS
OL:IWS
|
$271.61 Million |
|
Dharma Polimetal Tbk PT
JK:DRMA
|
$271.61 Million |
|
Salmon Evolution Holding AS
OL:SALME
|
$271.66 Million |
|
Andfjord Salmon AS
OL:ANDF
|
$271.72 Million |
|
AVE Science & Technology Co Ltd
SHG:688067
|
$271.35 Million |
|
Taiwan Tea Corp
TW:2913
|
$271.29 Million |
|
K&F Growth Acquisition Corp. II Unit
NASDAQ:KFIIU
|
$271.20 Million |
|
Apeejay Surrendra Park Hotels Limited
NSE:PARKHOTELS
|
$271.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petronor E&P Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 166,391,000 to 196,190,000, a change of 29,799,000 (17.9%).
- Net income of 33,638,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 795,999.
- Other factors decreased equity by 3,043,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr33.64 Million | +17.15% |
| Other Comprehensive Income | Nkr-796.00K | -0.41% |
| Other Changes | Nkr-3.04 Million | -1.55% |
| Total Change | Nkr- | 17.91% |
Book Value vs Market Value Analysis
This analysis compares Petronor E&P Ltd'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: 131.48x
- 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 1741.39x to 131.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr0.01 | Nkr18.12 | x |
| 2019-12-31 | Nkr0.01 | Nkr18.12 | x |
| 2020-12-31 | Nkr0.01 | Nkr18.12 | x |
| 2021-12-31 | Nkr0.05 | Nkr18.12 | x |
| 2022-12-31 | Nkr0.07 | Nkr18.12 | x |
| 2023-12-31 | Nkr0.12 | Nkr18.12 | x |
| 2024-12-31 | Nkr0.14 | Nkr18.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petronor E&P Ltd 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): 17.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.45%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.54x
- Recent ROE (17.15%) is above the historical average (-8.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 56.76% | 7.76% | 1.78x | 4.12x | Nkr6.46 Million |
| 2019 | -205.32% | -13.01% | 1.24x | 12.78x | Nkr-14.01 Million |
| 2020 | -18.46% | -2.17% | 0.86x | 9.96x | Nkr-2.26 Million |
| 2021 | 20.76% | 11.57% | 0.85x | 2.11x | Nkr6.38 Million |
| 2022 | 27.70% | 18.51% | 0.79x | 1.89x | Nkr17.28 Million |
| 2023 | 40.77% | 36.21% | 0.78x | 1.44x | Nkr51.19 Million |
| 2024 | 17.15% | 16.45% | 0.68x | 1.54x | Nkr14.02 Million |
Industry Comparison
This section compares Petronor E&P Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $850,399,554
- Average return on equity (ROE) among peers: -22.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Petronor E&P Ltd (PNOR) | Nkr162.57 Million | 56.76% | 0.32x | $271.44 Million |
| Aker BP ASA (AKRBP) | $664.46 Million | -13.52% | 1.00x | $23.37 Billion |
| BlueNord ASA (BNOR) | $664.30 Million | -1.32% | 3.98x | $1.51 Billion |
| BW Energy Ltd (BWE) | $45.50 Million | -6.15% | 1.23x | $1.60 Billion |
| Dno ASA (DNO) | $1.37 Billion | 28.11% | 1.05x | $1.97 Billion |
| Interoil Exploration and Production ASA (IOX) | $-16.78 Million | 0.00% | 0.00x | $5.87 Million |
| Okea ASA (OKEA) | $725.64 Million | -128.90% | 24.49x | $428.63 Million |
| Panoro Energy ASA (PEN) | $97.38 Million | 4.21% | 1.98x | $454.67 Million |
| Var Energi ASA (VAR) | $4.05 Billion | 1.93% | 4.31x | $12.40 Billion |
| Zenith Energy Ltd (ZENA) | $49.98 Million | -84.77% | 1.80x | $54.58 Million |
About Petronor E&P Ltd
PetroNor E&P ASA operates as an independent oil and gas exploration and production company in in the Republic of the Congo, the Gambia, and Nigeria. The company was founded in 2017 and is headquartered in Oslo, Norway.