Telenor ASA (TEL) - 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. Check Telenor ASA liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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 |
Telenor ASA - Net Assets Trend (1999–2024)
This chart illustrates how Telenor ASA's net assets have evolved over time, based on quarterly financial data. Also explore Telenor ASA total assets for the complete picture of this company's asset base.
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 valuation and market cap data, see Telenor ASA 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 |
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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.
Current Equity Component Breakdown (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 |
|---|---|
|
BCE Inc
TO:BCE
|
$21.96 Billion |
|
EVE Energy
SHE:300014
|
$22.03 Billion |
|
Brambles Ltd
AU:BXB
|
$22.03 Billion |
|
Astera Labs, Inc.
NASDAQ:ALAB
|
$22.04 Billion |
|
NiSource Inc
NYSE:NI
|
$21.94 Billion |
|
Yuanta Financial Holdings Co Ltd
TW:2885
|
$21.92 Billion |
|
Omnicom Group Inc
NYSE:OMC
|
$21.92 Billion |
|
China Securities Co Ltd
SHG:601066
|
$21.86 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: 2.72x
- 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 12.10x to 2.72x 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 | Nkr152.50 | x |
| 2000-12-31 | Nkr25.05 | Nkr152.50 | x |
| 2001-12-31 | Nkr23.72 | Nkr152.50 | x |
| 2002-12-31 | Nkr18.94 | Nkr152.50 | x |
| 2003-12-31 | Nkr21.03 | Nkr152.50 | x |
| 2004-12-31 | Nkr21.66 | Nkr152.50 | x |
| 2005-12-31 | Nkr27.07 | Nkr152.50 | x |
| 2006-12-31 | Nkr34.38 | Nkr152.50 | x |
| 2007-12-31 | Nkr40.91 | Nkr152.50 | x |
| 2008-12-31 | Nkr48.46 | Nkr152.50 | x |
| 2009-12-31 | Nkr45.83 | Nkr152.50 | x |
| 2010-12-31 | Nkr53.18 | Nkr152.50 | x |
| 2011-12-31 | Nkr52.02 | Nkr152.50 | x |
| 2012-12-31 | Nkr47.33 | Nkr152.50 | x |
| 2013-12-31 | Nkr48.10 | Nkr152.50 | x |
| 2014-12-31 | Nkr42.35 | Nkr152.50 | x |
| 2015-12-31 | Nkr38.94 | Nkr152.50 | x |
| 2016-12-31 | Nkr33.89 | Nkr152.50 | x |
| 2017-12-31 | Nkr38.34 | Nkr152.50 | x |
| 2018-12-31 | Nkr33.57 | Nkr152.50 | x |
| 2019-12-31 | Nkr26.42 | Nkr152.50 | x |
| 2020-12-31 | Nkr27.22 | Nkr152.50 | x |
| 2021-12-31 | Nkr18.68 | Nkr152.50 | x |
| 2022-12-31 | Nkr42.97 | Nkr152.50 | x |
| 2023-12-31 | Nkr46.56 | Nkr152.50 | x |
| 2024-12-31 | Nkr56.02 | Nkr152.50 | 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 | $21.95 Billion |
| Link Mobility Group Holding ASA (LINK) | $5.75 Billion | 1.47% | 0.91x | $768.85 Million |
About Telenor ASA
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