Solstad Offsho
Solstad Offshore ASA owns and operates offshore service vessels. It owns and operates construction service vessels and anchor handling tug support vessel and; and provides maritime services to offshore energy industry. The company offers renewable energy services, subsea support operations, node seismic operations, subsea construction activities, support for well stimulation operations, and subse… Read more
Solstad Offsho (SOFF) - Net Assets
Latest net assets as of June 2025: Nkr342.27 Million NOK
Based on the latest financial reports, Solstad Offsho (SOFF) has net assets worth Nkr342.27 Million NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr872.46 Million) and total liabilities (Nkr530.19 Million). 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 | Nkr342.27 Million |
| % of Total Assets | 39.23% |
| Annual Growth Rate | 4.26% |
| 5-Year Change | -22.97% |
| 10-Year Change | -10.88% |
| Growth Volatility | 36.11 |
Solstad Offsho - Net Assets Trend (2000–2024)
This chart illustrates how Solstad Offsho's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solstad Offsho (2000–2024)
The table below shows the annual net assets of Solstad Offsho from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr3.27 Billion | +79.15% |
| 2023-12-31 | Nkr1.82 Billion | +3.52% |
| 2022-12-31 | Nkr1.76 Billion | -42.84% |
| 2021-12-31 | Nkr3.08 Billion | -27.33% |
| 2020-12-31 | Nkr4.24 Billion | +210.63% |
| 2019-12-31 | Nkr-3.84 Billion | -350.87% |
| 2018-12-31 | Nkr-850.67 Million | -117.14% |
| 2017-12-31 | Nkr4.96 Billion | +43.62% |
| 2016-12-31 | Nkr3.46 Billion | -5.77% |
| 2015-12-31 | Nkr3.67 Billion | -27.48% |
| 2014-12-31 | Nkr5.06 Billion | +2.08% |
| 2013-12-31 | Nkr4.95 Billion | +6.21% |
| 2012-12-31 | Nkr4.66 Billion | +5.63% |
| 2011-12-31 | Nkr4.42 Billion | -11.49% |
| 2010-12-31 | Nkr4.99 Billion | +7.76% |
| 2009-12-31 | Nkr4.63 Billion | +25.22% |
| 2008-12-31 | Nkr3.70 Billion | -0.53% |
| 2007-12-31 | Nkr3.72 Billion | +17.13% |
| 2006-12-31 | Nkr3.17 Billion | +17.82% |
| 2005-12-31 | Nkr2.69 Billion | +20.84% |
| 2004-12-31 | Nkr2.23 Billion | +11.96% |
| 2003-12-31 | Nkr1.99 Billion | +4.26% |
| 2002-12-31 | Nkr1.91 Billion | +33.74% |
| 2001-12-31 | Nkr1.43 Billion | +18.99% |
| 2000-12-31 | Nkr1.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solstad Offsho'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr8.04 Million | 0.25% |
| Other Components | Nkr3.20 Billion | 99.75% |
| Total Equity | Nkr3.21 Billion | 100.00% |
Solstad Offsho Competitors by Market Cap
The table below lists competitors of Solstad Offsho ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CB Financial Services Inc
NASDAQ:CBFV
|
$156.54 Million |
|
B2Holding ASA
LSE:0RIT
|
$156.59 Million |
|
Haibo Heavy Engineering Science and Technology Co Ltd
SHE:300517
|
$156.62 Million |
|
Bergbahnen Engelberg Truebsee Titlis Bet AG
SW:TIBN
|
$156.62 Million |
|
EcoSynthetix Inc
PINK:ECSNF
|
$156.44 Million |
|
King Copper Discovery Corp.
F:3RI0
|
$156.37 Million |
|
Chipsea Technologies Shenzhen Corp Ltd
SHG:688595
|
$156.34 Million |
|
Fusion Micro Finance Limited
NSE:FUSION
|
$156.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solstad Offsho's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,827,231,000 to 3,209,760,000, a change of 1,382,529,000 (75.7%).
- Net income of 123,581,947 contributed positively to equity growth.
- Other factors increased equity by 1,258,947,053.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr123.58 Million | +3.85% |
| Other Changes | Nkr1.26 Billion | +39.22% |
| Total Change | Nkr- | 75.66% |
Book Value vs Market Value Analysis
This analysis compares Solstad Offsho'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: 2.03x
- 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 0.00x to 2.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr41353.87 | Nkr59.90 | x |
| 2003-12-31 | Nkr48878.06 | Nkr59.90 | x |
| 2004-12-31 | Nkr43287.87 | Nkr59.90 | x |
| 2005-12-31 | Nkr64286.97 | Nkr59.90 | x |
| 2006-12-31 | Nkr82624.63 | Nkr59.90 | x |
| 2007-12-31 | Nkr96267.69 | Nkr59.90 | x |
| 2008-12-31 | Nkr95846.78 | Nkr59.90 | x |
| 2009-12-31 | Nkr120914.37 | Nkr59.90 | x |
| 2010-12-31 | Nkr119682.23 | Nkr59.90 | x |
| 2011-12-31 | Nkr115211.01 | Nkr59.90 | x |
| 2012-12-31 | Nkr120191.35 | Nkr59.90 | x |
| 2013-12-31 | Nkr128504.28 | Nkr59.90 | x |
| 2014-12-31 | Nkr132176.21 | Nkr59.90 | x |
| 2015-12-31 | Nkr97749.10 | Nkr59.90 | x |
| 2016-12-31 | Nkr76938.41 | Nkr59.90 | x |
| 2017-12-31 | Nkr16912.18 | Nkr59.90 | x |
| 2018-12-31 | Nkr-2927.68 | Nkr59.90 | x |
| 2019-12-31 | Nkr-13171.69 | Nkr59.90 | x |
| 2020-12-31 | Nkr16981.79 | Nkr59.90 | x |
| 2021-12-31 | Nkr98.26 | Nkr59.90 | x |
| 2022-12-31 | Nkr22.80 | Nkr59.90 | x |
| 2023-12-31 | Nkr16.82 | Nkr59.90 | x |
| 2024-12-31 | Nkr29.55 | Nkr59.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solstad Offsho 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): 3.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.59%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.80x
- Recent ROE (3.85%) is below the historical average (6.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 13.22% | 23.73% | 0.27x | 2.03x | Nkr37.30 Million |
| 2001 | 23.76% | 37.59% | 0.25x | 2.54x | Nkr190.21 Million |
| 2002 | 22.14% | 32.32% | 0.22x | 3.12x | Nkr179.06 Million |
| 2003 | 10.53% | 18.47% | 0.20x | 2.87x | Nkr9.16 Million |
| 2004 | 6.81% | 12.92% | 0.16x | 3.27x | Nkr-52.53 Million |
| 2005 | 10.62% | 20.08% | 0.18x | 2.86x | Nkr15.21 Million |
| 2006 | 27.41% | 48.46% | 0.22x | 2.63x | Nkr550.05 Million |
| 2007 | 18.48% | 32.28% | 0.20x | 2.80x | Nkr312.14 Million |
| 2008 | 0.73% | 1.22% | 0.22x | 2.79x | Nkr-339.65 Million |
| 2009 | 22.50% | 41.21% | 0.21x | 2.66x | Nkr576.61 Million |
| 2010 | 0.42% | 0.73% | 0.17x | 3.41x | Nkr-437.46 Million |
| 2011 | -9.08% | -13.36% | 0.19x | 3.55x | Nkr-854.30 Million |
| 2012 | 8.00% | 11.45% | 0.22x | 3.12x | Nkr-94.02 Million |
| 2013 | 9.81% | 14.05% | 0.23x | 3.00x | Nkr-9.37 Million |
| 2014 | 2.95% | 4.06% | 0.21x | 3.45x | Nkr-363.00 Million |
| 2015 | -41.80% | -44.58% | 0.22x | 4.29x | Nkr-1.96 Billion |
| 2016 | -24.60% | -35.08% | 0.11x | 6.33x | Nkr-1.22 Billion |
| 2017 | -6.36% | -8.65% | 0.10x | 7.32x | Nkr-806.82 Million |
| 2018 | 0.00% | -125.35% | 0.15x | 0.00x | Nkr-5.77 Billion |
| 2019 | 0.00% | -62.39% | 0.17x | 0.00x | Nkr-2.75 Billion |
| 2020 | 171.29% | 149.48% | 0.19x | 6.17x | Nkr6.82 Billion |
| 2021 | -35.70% | -21.50% | 0.21x | 8.08x | Nkr-1.41 Billion |
| 2022 | -63.15% | -17.12% | 0.25x | 14.76x | Nkr-1.29 Billion |
| 2023 | 2.13% | 5.74% | 0.03x | 10.75x | Nkr-143.83 Million |
| 2024 | 3.85% | 45.59% | 0.03x | 2.80x | Nkr-197.39 Million |
Industry Comparison
This section compares Solstad Offsho's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $419,198,328
- Average return on equity (ROE) among peers: 11.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solstad Offsho (SOFF) | Nkr342.27 Million | 13.22% | 1.55x | $156.45 Million |
| ADS Maritime Holding Plc (ADS) | $4.63 Million | -4.21% | 0.02x | $1.46 Million |
| Belships (BELCO) | $261.85 Million | 22.21% | 2.15x | $399.83 Million |
| Bruton Limited (BRUT) | $30.78 Million | -0.48% | 0.01x | $43.50K |
| Hafnia Ltd (HAFNI) | $2.01 Billion | 37.41% | 0.95x | $52.04 Million |
| Havila Shipping ASA (HAVI) | $-712.54 Million | 0.00% | 0.00x | $8.40 Million |
| Klaveness Combination Carriers ASA (KCC) | $359.87 Million | 22.62% | 0.70x | $168.30 Million |
| Odfjell SE (ODF) | $759.48 Million | -14.16% | 2.11x | $237.10 Million |
| Odfjell B (ODFB) | $992.80 Million | 15.65% | 1.05x | $227.05 Million |
| Stainless Tankers ASA (STST) | $66.92 Million | 21.87% | 1.18x | $31.91K |