Proximar Seafood AS
Proximar Seafood AS, a seafood company, engages in the land-based fish farming in Japan. The company primarily produces and sells Atlantic salmon. It serves retailers and sushi restaurant chains. The company was incorporated in 2015 and is headquartered in Bergen, Norway.
Proximar Seafood AS (PROXI) - Net Assets
Latest net assets as of September 2025: Nkr143.70 Million NOK
Based on the latest financial reports, Proximar Seafood AS (PROXI) has net assets worth Nkr143.70 Million NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.49 Billion) and total liabilities (Nkr1.35 Billion). 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 | Nkr143.70 Million |
| % of Total Assets | 9.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1061.94% |
| 10-Year Change | N/A |
| Growth Volatility | 451.78 |
Proximar Seafood AS - Net Assets Trend (2018–2024)
This chart illustrates how Proximar Seafood 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 Proximar Seafood AS (2018–2024)
The table below shows the annual net assets of Proximar Seafood AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr396.54 Million | +6.49% |
| 2023-12-31 | Nkr372.36 Million | -4.50% |
| 2022-12-31 | Nkr389.92 Million | -0.12% |
| 2021-12-31 | Nkr390.39 Million | +1043.92% |
| 2020-12-31 | Nkr34.13 Million | +802.45% |
| 2019-12-31 | Nkr-4.86 Million | -996.31% |
| 2018-12-31 | Nkr-443.16K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Proximar Seafood 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 grown by 148463100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr14.22 Million | 3.59% |
| Other Components | Nkr382.33 Million | 96.41% |
| Total Equity | Nkr396.54 Million | 100.00% |
Proximar Seafood AS Competitors by Market Cap
The table below lists competitors of Proximar Seafood AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SCI Information Service Inc
KQ:036120
|
$19.38 Million |
|
Waterco Ltd
AU:WAT
|
$19.39 Million |
|
Forian Inc
NASDAQ:FORA
|
$19.39 Million |
|
MFO SA
WAR:MFO
|
$19.39 Million |
|
Western Energy Services Corp
PINK:WEEEF
|
$19.38 Million |
|
Inzi Display Co.Ltd
KQ:037330
|
$19.38 Million |
|
Form Bio Co. Ltd.
KQ:377220
|
$19.38 Million |
|
Midsummer AB (publ)
ST:MIDS
|
$19.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Proximar Seafood AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 372,364,000 to 396,544,000, a change of 24,180,000 (6.5%).
- Net loss of 139,204,000 reduced equity.
- Share repurchases of 156,795,000 reduced equity.
- New share issuances of 156,795,000 increased equity.
- Other factors increased equity by 163,384,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-139.20 Million | -35.1% |
| Share Repurchases | Nkr156.79 Million | -39.54% |
| Share Issuances | Nkr156.79 Million | +39.54% |
| Other Changes | Nkr163.38 Million | +41.2% |
| Total Change | Nkr- | 6.49% |
Book Value vs Market Value Analysis
This analysis compares Proximar Seafood 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: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr-0.02 | Nkr0.59 | x |
| 2019-12-31 | Nkr-0.12 | Nkr0.59 | x |
| 2020-12-31 | Nkr0.86 | Nkr0.59 | x |
| 2021-12-31 | Nkr9.81 | Nkr0.59 | x |
| 2022-12-31 | Nkr9.76 | Nkr0.59 | x |
| 2023-12-31 | Nkr5.99 | Nkr0.59 | x |
| 2024-12-31 | Nkr2.68 | Nkr0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Proximar Seafood 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): -35.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3967.06%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.13x
- Recent ROE (-35.10%) is below the historical average (-14.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | Nkr-8.62 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | Nkr-6.98 Million |
| 2020 | -31.27% | 0.00% | 0.00x | 1.13x | Nkr-14.09 Million |
| 2021 | -6.41% | 0.00% | 0.00x | 1.25x | Nkr-64.06 Million |
| 2022 | -5.79% | 0.00% | 0.00x | 2.21x | Nkr-61.55 Million |
| 2023 | -25.07% | -1555733.33% | 0.00x | 3.73x | Nkr-130.58 Million |
| 2024 | -35.10% | -3967.06% | 0.00x | 4.13x | Nkr-178.86 Million |
Industry Comparison
This section compares Proximar Seafood AS's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $667,901,313
- Average return on equity (ROE) among peers: -8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Proximar Seafood AS (PROXI) | Nkr143.70 Million | 0.00% | 9.39x | $19.38 Million |
| Arctic Fish Holding AS (AFISH) | $340.40 Million | -4.12% | 0.27x | $29.36 Million |
| Andfjord Salmon AS (ANDF) | $323.27 Million | -10.64% | 0.49x | $10.64 Million |
| Barramundi Group Ltd (BARRA) | $22.83 Million | -134.45% | 2.17x | $6.80 Million |
| Biofish Holding AS (BFISH) | $20.97 Million | 32.50% | 5.77x | $5.15 Million |
| Gigante Salmon AS (GIGA) | $481.51 Million | 0.15% | 0.37x | $20.70 Million |
| Ice Fish Farm AS (IFISH) | $3.36 Billion | 2.00% | 0.50x | $3.01 Million |
| Icelandic Salmon As (ISLAX) | $126.28 Million | 1.87% | 0.35x | $70.73 Million |
| Kingfish Company Nv (KING) | $10.38 Million | -2.85% | 1.01x | $14.08 Million |
| Masoval AS (MAS) | $1.99 Billion | 31.22% | 1.51x | $60.94 Million |
| Norcod As (NCOD) | $30.00K | 0.00% | 0.00x | $13.16 Million |