Telenor ASA Net Assets

Latest as of June 2025: Nkr64.57 Billion NOK ≈ $6.79 Billion USD

Telenor ASA net assets. Based on the latest financial reports, Telenor ASA (TEL) has net assets worth Nkr64.57 Billion NOK (≈ $6.79 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr219.33 Billion ≈ $23.08 Billion USD) and total liabilities (Nkr154.76 Billion ≈ $16.29 Billion 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. Also explore how fast is Telenor ASA growing its equity to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr64.57 Billion
% of Total Assets 29.44%
Annual Growth Rate 6.1%
5-Year Change 87.95%
10-Year Change 30.75%
Growth Volatility 31.28

Net Assets of Telenor ASA (1999–2024)

Net assets of Telenor ASA from 1999 to 2024. This chart illustrates how Telenor ASA's net assets have evolved over time, based on quarterly financial data. See Telenor ASA (TEL) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Telenor ASA (1999–2024)

The table below shows the annual net assets of Telenor ASA from 1999 to 2024. For live market cap and overall valuation, see TEL stock market capitalisation.

Year Net Assets Change
2024-12-31 Nkr82.54 Billion
≈ $8.69 Billion		 +17.19%
2023-12-31 Nkr70.43 Billion
≈ $7.41 Billion		 +9.41%
2022-12-31 Nkr64.37 Billion
≈ $6.77 Billion		 +104.38%
2021-12-31 Nkr31.50 Billion
≈ $3.31 Billion		 -28.28%
2020-12-31 Nkr43.91 Billion
≈ $4.62 Billion		 +1.33%
2019-12-31 Nkr43.34 Billion
≈ $4.56 Billion		 -20.41%
2018-12-31 Nkr54.45 Billion
≈ $5.73 Billion		 -12.64%
2017-12-31 Nkr62.34 Billion
≈ $6.56 Billion		 +12.53%
2016-12-31 Nkr55.40 Billion
≈ $5.83 Billion		 -12.25%
2015-12-31 Nkr63.13 Billion
≈ $6.64 Billion		 -7.85%
2014-12-31 Nkr68.50 Billion
≈ $7.21 Billion		 -11.08%
2013-12-31 Nkr77.04 Billion
≈ $8.11 Billion		 -0.26%
2012-12-31 Nkr77.24 Billion
≈ $8.13 Billion		 -11.12%
2011-12-31 Nkr86.90 Billion
≈ $9.14 Billion		 -9.68%
2010-12-31 Nkr96.22 Billion
≈ $10.12 Billion		 +13.11%
2009-12-31 Nkr85.06 Billion
≈ $8.95 Billion		 -3.96%
2008-12-31 Nkr88.57 Billion
≈ $9.32 Billion		 +18.64%
2007-12-31 Nkr74.66 Billion
≈ $7.86 Billion		 +19.01%
2006-12-31 Nkr62.73 Billion
≈ $6.60 Billion		 +17.32%
2005-12-31 Nkr53.47 Billion
≈ $5.63 Billion		 +27.36%
2004-12-31 Nkr41.98 Billion
≈ $4.42 Billion		 +2.39%
2003-12-31 Nkr41.00 Billion
≈ $4.31 Billion		 +10.19%
2002-12-31 Nkr37.21 Billion
≈ $3.92 Billion		 -18.41%
2001-12-31 Nkr45.60 Billion
≈ $4.80 Billion		 +19.54%
2000-12-31 Nkr38.15 Billion
≈ $4.01 Billion		 +103.04%
1999-12-31 Nkr18.79 Billion
≈ $1.98 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Telenor 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 1597.1% over the analyzed period, indicating profitable operations and earnings retention.

Telenor ASA Net Assets Breakdown (December 2024)

Telenor ASA net assets breakdown by equity component as of December 2024.

Component Amount Percentage
Retained Earnings Nkr90.20 Billion 117.72%
Common Stock Nkr8.28 Billion 10.80%
Total Equity Nkr76.62 Billion 100.00%

Telenor ASA Competitors by Market Cap

The table below lists competitors of Telenor ASA ranked by their market capitalization.

Company Market Cap
Repsol S.A.
MC:REP
 $18.96 Billion
Bank Polska Kasa Opieki SA
WAR:PEO
 $18.96 Billion
Torrent Pharmaceuticals Limited
NSE:TORNTPHARM
 $18.98 Billion
Qingdao Haier Co Ltd
SHG:600690
 $18.98 Billion
Synnex Corporation
NYSE:SNX
 $18.92 Billion
SDIC Power Holdings Co Ltd
SHG:600886
 $18.89 Billion
Airports of Thailand Public Company Limited
F:NYVQ
 $18.86 Billion
Avary Holding Shenzhen Co Ltd Class A
SHE:002938
 $18.86 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Telenor ASA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 64,477,000,000 to 76,621,000,000, a change of 12,144,000,000 (18.8%).
  • Net income of 18,336,000,000 contributed positively to equity growth.
  • Dividend payments of 13,082,000,000 reduced retained earnings.
  • Share repurchases of 1,971,000,000 reduced equity.
  • Other comprehensive income increased equity by 28,069,000,000.
  • Other factors decreased equity by 19,208,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr18.34 Billion +23.93%
Dividends Paid Nkr13.08 Billion -17.07%
Share Repurchases Nkr1.97 Billion -2.57%
Other Comprehensive Income Nkr28.07 Billion +36.63%
Other Changes Nkr-19.21 Billion -25.07%
Total Change Nkr- 18.83%

Book Value vs Market Value Analysis

This analysis compares Telenor 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: 2.35x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 10.45x to 2.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 Nkr12.61 Nkr131.70 x
2000-12-31 Nkr25.05 Nkr131.70 x
2001-12-31 Nkr23.72 Nkr131.70 x
2002-12-31 Nkr18.94 Nkr131.70 x
2003-12-31 Nkr21.03 Nkr131.70 x
2004-12-31 Nkr21.66 Nkr131.70 x
2005-12-31 Nkr27.07 Nkr131.70 x
2006-12-31 Nkr34.38 Nkr131.70 x
2007-12-31 Nkr40.91 Nkr131.70 x
2008-12-31 Nkr48.46 Nkr131.70 x
2009-12-31 Nkr45.83 Nkr131.70 x
2010-12-31 Nkr53.18 Nkr131.70 x
2011-12-31 Nkr52.02 Nkr131.70 x
2012-12-31 Nkr47.33 Nkr131.70 x
2013-12-31 Nkr48.10 Nkr131.70 x
2014-12-31 Nkr42.35 Nkr131.70 x
2015-12-31 Nkr38.94 Nkr131.70 x
2016-12-31 Nkr33.89 Nkr131.70 x
2017-12-31 Nkr38.34 Nkr131.70 x
2018-12-31 Nkr33.57 Nkr131.70 x
2019-12-31 Nkr26.42 Nkr131.70 x
2020-12-31 Nkr27.22 Nkr131.70 x
2021-12-31 Nkr18.68 Nkr131.70 x
2022-12-31 Nkr42.97 Nkr131.70 x
2023-12-31 Nkr46.56 Nkr131.70 x
2024-12-31 Nkr56.02 Nkr131.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Telenor 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): 23.93%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 22.94%
  • • Asset Turnover: 0.35x
  • • Equity Multiplier: 3.00x
  • Recent ROE (23.93%) is above the historical average (17.65%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 10.14% 6.22% 0.68x 2.40x Nkr25.65 Million
2000 3.02% 2.93% 0.39x 2.64x Nkr-2.47 Billion
2001 16.80% 15.38% 0.56x 1.96x Nkr2.86 Billion
2002 -12.77% -8.81% 0.55x 2.66x Nkr-7.65 Billion
2003 12.25% 8.59% 0.62x 2.31x Nkr839.50 Million
2004 14.26% 8.74% 0.70x 2.34x Nkr1.61 Billion
2005 19.67% 13.24% 0.55x 2.68x Nkr4.48 Billion
2006 27.45% 17.48% 0.61x 2.56x Nkr10.12 Billion
2007 26.19% 19.48% 0.57x 2.34x Nkr11.14 Billion
2008 16.14% 13.44% 0.52x 2.31x Nkr4.97 Billion
2009 11.39% 8.86% 0.59x 2.19x Nkr1.06 Billion
2010 16.31% 15.11% 0.55x 1.97x Nkr5.55 Billion
2011 8.53% 7.27% 0.59x 1.98x Nkr-1.23 Billion
2012 13.57% 9.90% 0.60x 2.28x Nkr2.65 Billion
2013 11.92% 8.41% 0.57x 2.47x Nkr1.41 Billion
2014 14.24% 8.52% 0.55x 3.04x Nkr2.70 Billion
2015 5.84% 2.66% 0.63x 3.50x Nkr-2.43 Billion
2016 5.57% 2.15% 0.64x 4.06x Nkr-2.26 Billion
2017 20.84% 9.61% 0.62x 3.51x Nkr6.23 Billion
2018 29.79% 13.35% 0.58x 3.87x Nkr9.79 Billion
2019 31.36% 10.50% 0.46x 6.54x Nkr8.13 Billion
2020 45.25% 14.12% 0.48x 6.69x Nkr13.51 Billion
2021 43.15% 10.29% 0.49x 8.59x Nkr8.71 Billion
2022 22.69% 13.79% 0.41x 3.98x Nkr7.63 Billion
2023 21.30% 17.07% 0.37x 3.39x Nkr7.29 Billion
2024 23.93% 22.94% 0.35x 3.00x Nkr10.67 Billion

Industry Comparison

This section compares Telenor ASA's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $5,746,699,000
  • Average return on equity (ROE) among peers: 1.47%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Telenor ASA (TEL) Nkr64.57 Billion 10.14% 2.40x $18.96 Billion
Link Mobility Group Holding ASA (LINK) $5.75 Billion 1.47% 0.91x $768.23 Million

About Telenor ASA

OL:TEL Norway Telecom Services
Market Cap
$18.96 Billion
Nkr180.14 Billion NOK
Market Cap Rank
#1308 Global
#5 in Norway
Share Price
Nkr131.70
Change (1 day)
+1.15%
52-Week Range
Nkr124.20 - Nkr177.10
All Time High
Nkr177.10
Categories
Companies in Norway Telecom Services
About

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile and broadband telecom products and services, including mobile, broadband and TV services; other services, including solutions for business customers like managed services, virtual private networks, soft… Read more