Var Energi ASA (VAR) - Net Assets
Based on the latest financial reports, Var Energi ASA (VAR) has net assets worth Nkr334.26 Million NOK (≈ $35.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr265.88 Billion ≈ $27.98 Billion USD) and total liabilities (Nkr265.55 Billion ≈ $27.94 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 Var Energi ASA (VAR) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr334.26 Million |
| % of Total Assets | 0.13% |
| Annual Growth Rate | 6.24% |
| 5-Year Change | -55.12% |
| 10-Year Change | N/A |
| Growth Volatility | 342.27 |
Var Energi ASA - Net Assets Trend (2017–2024)
This chart illustrates how Var Energi ASA's net assets have evolved over time, based on quarterly financial data. Also explore VAR current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Var Energi ASA (2017–2024)
The table below shows the annual net assets of Var Energi ASA from 2017 to 2024. For live valuation and market cap data, see Var Energi ASA (VAR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr832.51 Million ≈ $87.60 Million |
-52.91% |
| 2023-12-31 | Nkr1.77 Billion ≈ $186.05 Million |
+19.33% |
| 2022-12-31 | Nkr1.48 Billion ≈ $155.90 Million |
-2.26% |
| 2021-12-31 | Nkr1.52 Billion ≈ $159.51 Million |
-18.28% |
| 2020-12-31 | Nkr1.85 Billion ≈ $195.19 Million |
-54.24% |
| 2019-12-31 | Nkr4.05 Billion ≈ $426.57 Million |
-29.35% |
| 2018-12-31 | Nkr5.74 Billion ≈ $603.78 Million |
+952.70% |
| 2017-12-31 | Nkr545.05 Million ≈ $57.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Var Energi 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 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 | Nkr45.97 Million | 5.52% |
| Other Components | Nkr786.54 Million | 94.48% |
| Total Equity | Nkr832.51 Million | 100.00% |
Var Energi ASA Competitors by Market Cap
The table below lists competitors of Var Energi ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xpeng Inc
NYSE:XPEV
|
$12.34 Billion |
|
Bollore SA
PA:BOL
|
$12.34 Billion |
|
Kuang Chi Technologies Co Ltd
SHE:002625
|
$12.35 Billion |
|
Globus Medical
NYSE:GMED
|
$12.35 Billion |
|
Topbuild Corp
NYSE:BLD
|
$12.32 Billion |
|
Korea Zinc Inc
KO:010130
|
$12.32 Billion |
|
UPM-Kymmene Oyj
HE:UPM
|
$12.31 Billion |
|
Air China Ltd Class A
SHG:601111
|
$12.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Var Energi ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,768,028,000 to 832,509,000, a change of -935,519,000 (-52.9%).
- Net income of 327,108,000 contributed positively to equity growth.
- Dividend payments of 1,080,000,000 reduced retained earnings.
- Other factors decreased equity by 182,627,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr327.11 Million | +39.29% |
| Dividends Paid | Nkr1.08 Billion | -129.73% |
| Other Changes | Nkr-182.63 Million | -21.94% |
| Total Change | Nkr- | -52.91% |
Book Value vs Market Value Analysis
This analysis compares Var Energi 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: 140.73x
- 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 214.95x to 140.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.22 | Nkr46.93 | x |
| 2018-12-31 | Nkr2.30 | Nkr46.93 | x |
| 2019-12-31 | Nkr1.62 | Nkr46.93 | x |
| 2020-12-31 | Nkr0.74 | Nkr46.93 | x |
| 2021-12-31 | Nkr0.61 | Nkr46.93 | x |
| 2022-12-31 | Nkr0.59 | Nkr46.93 | x |
| 2023-12-31 | Nkr0.71 | Nkr46.93 | x |
| 2024-12-31 | Nkr0.33 | Nkr46.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Var Energi 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): 39.29%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.44%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 26.27x
- Recent ROE (39.29%) is above the historical average (15.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 23.73% | 8.49% | 0.32x | 8.68x | Nkr74.86 Million |
| 2018 | 4.00% | 10.76% | 0.15x | 2.41x | Nkr-344.20 Million |
| 2019 | 1.93% | 2.78% | 0.13x | 5.31x | Nkr-326.94 Million |
| 2020 | -87.69% | -56.70% | 0.14x | 10.92x | Nkr-1.81 Billion |
| 2021 | 43.17% | 10.83% | 0.31x | 13.06x | Nkr502.77 Million |
| 2022 | 63.20% | 9.57% | 0.52x | 12.69x | Nkr788.24 Million |
| 2023 | 34.51% | 8.95% | 0.35x | 10.91x | Nkr433.43 Million |
| 2024 | 39.29% | 4.44% | 0.34x | 26.27x | Nkr243.86 Million |
Industry Comparison
This section compares Var Energi ASA's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $749,405,556
- Average return on equity (ROE) among peers: 7.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Var Energi ASA (VAR) | Nkr334.26 Million | 23.73% | 794.45x | $12.33 Billion |
| Aker BP ASA (AKRBP) | $2.99 Billion | 9.19% | 3.02x | $23.97 Billion |
| BlueNord ASA (BNOR) | $-6.00 Million | 0.00% | 0.00x | $1.58 Billion |
| BW Energy Ltd (BWE) | $569.20 Million | 9.14% | 0.68x | $1.57 Billion |
| Dno ASA (DNO) | $1.23 Billion | 1.51% | 1.14x | $2.03 Billion |
| Interoil Exploration and Production ASA (IOX) | $-48.45 Million | 0.00% | 0.00x | $8.05 Million |
| Okea ASA (OKEA) | $1.68 Billion | -4.23% | 5.53x | $428.63 Million |
| Panoro Energy ASA (PEN) | $72.69 Million | 14.02% | 1.10x | $457.37 Million |
| Petronor E&P Ltd (PNOR) | $186.75 Million | 36.32% | 0.28x | $217.81 Million |
| Zenith Energy Ltd (ZENA) | $65.63 Million | 1.66% | 1.51x | $55.26 Million |
About Var Energi ASA
Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.… Read more