Treasure ASA
Treasure ASA, through its 11% interest in Hyundai Glovis Co. Ltd., provides transportation and logistics services in South Korea. It operates through 119 vessels in the ro-ro and bulk cargo segment. Treasure ASA was incorporated in 2016 and is based in Lysaker, Norway. Treasure ASA is a subsidiary of Wilh. Wilhelmsen Holding ASA.
Treasure ASA (TRE) - Net Assets
Latest net assets as of June 2025: Nkr785.92 Million NOK
Based on the latest financial reports, Treasure ASA (TRE) has net assets worth Nkr785.92 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 (Nkr785.95 Million) and total liabilities (Nkr35.00K). 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 | Nkr785.92 Million |
| % of Total Assets | 100.0% |
| Annual Growth Rate | 1.49% |
| 5-Year Change | -11.93% |
| 10-Year Change | N/A |
| Growth Volatility | 17.46 |
Treasure ASA - Net Assets Trend (2016–2024)
This chart illustrates how Treasure ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Treasure ASA (2016–2024)
The table below shows the annual net assets of Treasure ASA from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr672.40 Million | -0.98% |
| 2023-12-31 | Nkr679.06 Million | +24.17% |
| 2022-12-31 | Nkr546.89 Million | -10.32% |
| 2021-12-31 | Nkr609.79 Million | -20.13% |
| 2020-12-31 | Nkr763.51 Million | +35.52% |
| 2019-12-31 | Nkr563.39 Million | +7.34% |
| 2018-12-31 | Nkr524.86 Million | -9.16% |
| 2017-12-31 | Nkr577.81 Million | -3.24% |
| 2016-12-31 | Nkr597.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Treasure 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 12.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr669.84 Million | 99.62% |
| Common Stock | Nkr2.56 Million | 0.38% |
| Total Equity | Nkr672.40 Million | 100.00% |
Treasure ASA Competitors by Market Cap
The table below lists competitors of Treasure ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Volcanic Gold Mines Inc
PINK:VLMZF
|
$4.67 Million |
|
JX Luxventure Limited
NASDAQ:JXJT
|
$4.67 Million |
|
LogProstyle Inc.
NYSE MKT:LGPS
|
$4.67 Million |
|
Mako Gold Ltd
AU:MKG
|
$4.67 Million |
|
Orbital Corporation Limited
PINK:OBTEF
|
$4.67 Million |
|
Louisiana Central Oil & Gas Co
PINK:LCNTU
|
$4.67 Million |
|
Avid Electronics Corp.
TWO:6103
|
$4.66 Million |
|
QUANTA SERVICES - Dusseldorf Stock Exchang
DU:QAA
|
$4.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Treasure ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 679,062,000 to 672,398,000, a change of -6,664,000 (-1.0%).
- Net income of 87,313,000 contributed positively to equity growth.
- Dividend payments of 18,643,000 reduced retained earnings.
- Other factors decreased equity by 75,334,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr87.31 Million | +12.99% |
| Dividends Paid | Nkr18.64 Million | -2.77% |
| Other Changes | Nkr-75.33 Million | -11.2% |
| Total Change | Nkr- | -0.98% |
Book Value vs Market Value Analysis
This analysis compares Treasure 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: 12.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.55x to 12.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr2.71 | Nkr39.50 | x |
| 2017-12-31 | Nkr2.63 | Nkr39.50 | x |
| 2018-12-31 | Nkr2.41 | Nkr39.50 | x |
| 2019-12-31 | Nkr2.59 | Nkr39.50 | x |
| 2020-12-31 | Nkr3.55 | Nkr39.50 | x |
| 2021-12-31 | Nkr2.86 | Nkr39.50 | x |
| 2022-12-31 | Nkr2.51 | Nkr39.50 | x |
| 2023-12-31 | Nkr3.32 | Nkr39.50 | x |
| 2024-12-31 | Nkr3.28 | Nkr39.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Treasure 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): 12.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.86%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.00x
- Recent ROE (12.99%) is above the historical average (3.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.12% | 0.00% | 0.00x | 1.00x | Nkr-60.42 Million |
| 2017 | -22.09% | 0.00% | -0.22x | 1.00x | Nkr-185.43 Million |
| 2018 | -8.14% | 0.00% | -0.08x | 1.00x | Nkr-95.19 Million |
| 2019 | 8.49% | 95.34% | 0.09x | 1.00x | Nkr-8.52 Million |
| 2020 | 27.98% | 99.18% | 0.28x | 1.00x | Nkr137.31 Million |
| 2021 | -17.14% | 0.00% | -0.17x | 1.00x | Nkr-165.48 Million |
| 2022 | 18.20% | 29630.65% | 0.00x | 1.00x | Nkr44.87 Million |
| 2023 | 12.42% | 95.26% | 0.13x | 1.00x | Nkr16.44 Million |
| 2024 | 12.99% | 95.86% | 0.14x | 1.00x | Nkr20.07 Million |
Industry Comparison
This section compares Treasure ASA's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $444,646,333
- Average return on equity (ROE) among peers: -1.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Treasure ASA (TRE) | Nkr785.92 Million | -0.12% | 0.00x | $4.67 Million |
| Hermana Holding ASA (HERMA) | $121.50 Million | 1.40% | 0.01x | $14.02K |
| North Energy ASA (NORTH) | $440.07 Million | -28.29% | 0.36x | $8.73 Million |
| Saga Pure ASA (SAGA) | $772.36 Million | 22.92% | 0.01x | $12.98 Million |