Reach Subsea
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers subsea services, including engineering solutions and project management for offshore operations; inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection… Read more
Reach Subsea (REACH) - Net Assets
Latest net assets as of September 2025: Nkr1.27 Billion NOK
Based on the latest financial reports, Reach Subsea (REACH) has net assets worth Nkr1.27 Billion NOK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.65 Billion) and total liabilities (Nkr2.38 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 | Nkr1.27 Billion |
| % of Total Assets | 34.85% |
| Annual Growth Rate | 15.32% |
| 5-Year Change | 419.58% |
| 10-Year Change | 593.53% |
| Growth Volatility | 307.75 |
Reach Subsea - Net Assets Trend (2000–2024)
This chart illustrates how Reach Subsea's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Reach Subsea (2000–2024)
The table below shows the annual net assets of Reach Subsea from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.09 Billion | +17.66% |
| 2023-12-31 | Nkr928.00 Million | +60.15% |
| 2022-12-31 | Nkr579.44 Million | +102.03% |
| 2021-12-31 | Nkr286.81 Million | +36.47% |
| 2020-12-31 | Nkr210.15 Million | +26.73% |
| 2019-12-31 | Nkr165.83 Million | -21.50% |
| 2018-12-31 | Nkr211.25 Million | -3.13% |
| 2017-12-31 | Nkr218.08 Million | +33.83% |
| 2016-12-31 | Nkr162.95 Million | +3.50% |
| 2015-12-31 | Nkr157.44 Million | +2.12% |
| 2014-12-31 | Nkr154.18 Million | +19.61% |
| 2013-12-31 | Nkr128.90 Million | +191.45% |
| 2012-12-31 | Nkr44.23 Million | -81.08% |
| 2011-12-31 | Nkr233.77 Million | -41.27% |
| 2010-12-31 | Nkr398.06 Million | -89.67% |
| 2009-12-31 | Nkr3.85 Billion | +342.35% |
| 2008-12-31 | Nkr871.44 Million | +13.10% |
| 2007-12-31 | Nkr770.47 Million | +43.27% |
| 2006-12-31 | Nkr537.77 Million | -10.43% |
| 2005-12-31 | Nkr600.37 Million | +64.08% |
| 2004-12-31 | Nkr365.89 Million | +56.47% |
| 2003-12-31 | Nkr233.85 Million | +432.99% |
| 2002-12-31 | Nkr43.87 Million | +1468.05% |
| 2001-12-31 | Nkr2.80 Million | -92.16% |
| 2000-12-31 | Nkr35.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reach Subsea'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 36521500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr365.21 Million | 33.45% |
| Common Stock | Nkr282.67 Million | 25.89% |
| Other Comprehensive Income | Nkr31.91 Million | 2.92% |
| Other Components | Nkr412.12 Million | 37.74% |
| Total Equity | Nkr1.09 Billion | 100.00% |
Reach Subsea Competitors by Market Cap
The table below lists competitors of Reach Subsea ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reach Subsea ASA
LSE:0EMB
|
$50.85 Million |
|
Mccoy Global Inc
PINK:MCCRF
|
$50.85 Million |
|
E-Data Teknoloji Pazarlama AS
IS:EDATA
|
$50.89 Million |
|
Routon Electronic Co Ltd
SHG:600355
|
$50.90 Million |
|
Ellaktor S.A
AT:ELLAKTOR
|
$50.84 Million |
|
Etoiles Capital Group Co., Ltd. Class A Ordinary Shares
NASDAQ:EFTY
|
$50.84 Million |
|
Meta Biomed Co. Ltd
KQ:059210
|
$50.83 Million |
|
Cross Timbers Royalty Trust
NYSE:CRT
|
$50.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reach Subsea's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 928,005,000 to 1,091,914,000, a change of 163,909,000 (17.7%).
- Net income of 205,435,000 contributed positively to equity growth.
- Dividend payments of 97,837,000 reduced retained earnings.
- Share repurchases of 34,741,000 reduced equity.
- New share issuances of 34,741,000 increased equity.
- Other comprehensive income increased equity by 21,122,001.
- Other factors increased equity by 35,188,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr205.44 Million | +18.81% |
| Dividends Paid | Nkr97.84 Million | -8.96% |
| Share Repurchases | Nkr34.74 Million | -3.18% |
| Share Issuances | Nkr34.74 Million | +3.18% |
| Other Comprehensive Income | Nkr21.12 Million | +1.93% |
| Other Changes | Nkr35.19 Million | +3.22% |
| Total Change | Nkr- | 17.66% |
Book Value vs Market Value Analysis
This analysis compares Reach Subsea'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: 1.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.01x to 1.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Nkr603.17 | Nkr6.62 | x |
| 2005-12-31 | Nkr865.81 | Nkr6.62 | x |
| 2006-12-31 | Nkr760.05 | Nkr6.62 | x |
| 2007-12-31 | Nkr635.99 | Nkr6.62 | x |
| 2008-12-31 | Nkr728.59 | Nkr6.62 | x |
| 2009-12-31 | Nkr11732.55 | Nkr6.62 | x |
| 2010-12-31 | Nkr6.17 | Nkr6.62 | x |
| 2011-12-31 | Nkr3.24 | Nkr6.62 | x |
| 2012-12-31 | Nkr2.76 | Nkr6.62 | x |
| 2013-12-31 | Nkr2.05 | Nkr6.62 | x |
| 2014-12-31 | Nkr1.96 | Nkr6.62 | x |
| 2015-12-31 | Nkr2.07 | Nkr6.62 | x |
| 2016-12-31 | Nkr1.93 | Nkr6.62 | x |
| 2017-12-31 | Nkr1.58 | Nkr6.62 | x |
| 2018-12-31 | Nkr1.46 | Nkr6.62 | x |
| 2019-12-31 | Nkr1.14 | Nkr6.62 | x |
| 2020-12-31 | Nkr1.46 | Nkr6.62 | x |
| 2021-12-31 | Nkr1.99 | Nkr6.62 | x |
| 2022-12-31 | Nkr2.76 | Nkr6.62 | x |
| 2023-12-31 | Nkr3.62 | Nkr6.62 | x |
| 2024-12-31 | Nkr3.61 | Nkr6.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reach Subsea 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): 18.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.56%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.97x
- Recent ROE (18.81%) is above the historical average (0.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 89.70% | 7.87% | 0.95x | 12.01x | Nkr34.97 Million |
| 2003 | 10.69% | 5.00% | 1.02x | 2.10x | Nkr1.62 Million |
| 2004 | 35.59% | 22.10% | 0.91x | 1.76x | Nkr93.62 Million |
| 2005 | 19.78% | 12.69% | 0.74x | 2.11x | Nkr58.10 Million |
| 2006 | -1.95% | -1.12% | 0.47x | 3.71x | Nkr-63.67 Million |
| 2007 | -17.73% | -11.89% | 0.61x | 2.46x | Nkr-214.67 Million |
| 2008 | -13.41% | -8.16% | 0.61x | 2.72x | Nkr-200.78 Million |
| 2009 | -5.90% | -24.64% | 0.23x | 1.05x | Nkr-612.98 Million |
| 2010 | -78.45% | -38.42% | 0.58x | 3.50x | Nkr-350.77 Million |
| 2011 | -73.45% | -42.93% | 0.43x | 4.01x | Nkr-195.07 Million |
| 2012 | -12.43% | -154.41% | 0.07x | 1.15x | Nkr-9.92 Million |
| 2013 | -12.22% | -25.39% | 0.29x | 1.64x | Nkr-28.64 Million |
| 2014 | 16.11% | 7.98% | 1.18x | 1.71x | Nkr9.41 Million |
| 2015 | 0.89% | 0.22% | 1.87x | 2.15x | Nkr-14.35 Million |
| 2016 | -14.24% | -7.09% | 1.10x | 1.83x | Nkr-39.51 Million |
| 2017 | -14.11% | -8.54% | 0.93x | 1.78x | Nkr-52.57 Million |
| 2018 | -4.57% | -1.43% | 1.37x | 2.34x | Nkr-30.78 Million |
| 2019 | -21.53% | -7.02% | 1.14x | 2.69x | Nkr-52.29 Million |
| 2020 | 20.51% | 6.96% | 1.70x | 1.73x | Nkr22.09 Million |
| 2021 | 32.71% | 13.93% | 0.90x | 2.60x | Nkr65.13 Million |
| 2022 | 12.46% | 6.21% | 1.22x | 1.64x | Nkr14.24 Million |
| 2023 | 24.33% | 11.48% | 0.73x | 2.90x | Nkr132.99 Million |
| 2024 | 18.81% | 7.56% | 0.84x | 2.97x | Nkr96.24 Million |
Industry Comparison
This section compares Reach Subsea's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $913,477,462
- Average return on equity (ROE) among peers: 131.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reach Subsea (REACH) | Nkr1.27 Billion | 89.70% | 1.87x | $50.85 Million |
| Aker Solutions ASA (AKSO) | $5.89 Billion | 21.72% | 3.65x | $1.29 Billion |
| Aquila Holdings ASA (AQUIL) | $47.65 Million | 2.93% | 0.11x | $9.46 Million |
| Argeo AS (ARGEO) | $148.05 Million | -12.23% | 0.13x | $1.05 Million |
| Eidesvik Offshore ASA (EIOF) | $2.13 Billion | -8.19% | 1.61x | $11.08 Million |
| Electromagnetic Geoservices ASA (EMGS) | $3.33 Million | -1098.74% | 21.46x | $937.88K |
| SED Energy Holdings Plc (ENH) | $28.74 Million | -44.75% | 1.29x | $6.98K |
| Edda Wind ASA (EWIND) | $63.18 Million | 4.77% | 1.40x | $57.04 Million |
| MORELD AS (MORLD) | $698.55 Million | -101.82% | 9.29x | $82.08 Million |
| Prosafe SE (PRS) | $36.30 Million | 2556.20% | 12.58x | $53.14 Million |
| Petrolia SE (PSE) | $90.58 Million | -8.90% | 1.52x | $4.38 Million |