Veidekke ASA
Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments. The company executes civil engineering operation with projects in the road maintenance, railways, power production, and airport segments; and infrastructur… Read more
Veidekke ASA (VEI) - Net Assets
Latest net assets as of December 2025: Nkr3.76 Billion NOK
Based on the latest financial reports, Veidekke ASA (VEI) has net assets worth Nkr3.76 Billion NOK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr19.65 Billion) and total liabilities (Nkr15.89 Billion). 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 | Nkr3.76 Billion |
| % of Total Assets | 19.14% |
| Annual Growth Rate | 4.28% |
| 5-Year Change | 31.32% |
| 10-Year Change | 1.13% |
| Growth Volatility | 11.55 |
Veidekke ASA - Net Assets Trend (2000–2025)
This chart illustrates how Veidekke 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 Veidekke ASA (2000–2025)
The table below shows the annual net assets of Veidekke ASA from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr3.76 Billion | +12.07% |
| 2024-12-31 | Nkr3.36 Billion | +8.33% |
| 2023-12-31 | Nkr3.10 Billion | +3.47% |
| 2022-12-31 | Nkr2.99 Billion | +4.54% |
| 2021-12-31 | Nkr2.86 Billion | -0.45% |
| 2020-12-31 | Nkr2.88 Billion | -27.13% |
| 2019-12-31 | Nkr3.95 Billion | -7.26% |
| 2018-12-31 | Nkr4.26 Billion | +10.66% |
| 2017-12-31 | Nkr3.85 Billion | +3.44% |
| 2016-12-31 | Nkr3.72 Billion | +15.57% |
| 2015-12-31 | Nkr3.22 Billion | +17.27% |
| 2014-12-31 | Nkr2.74 Billion | +11.23% |
| 2013-12-31 | Nkr2.47 Billion | +13.03% |
| 2012-12-31 | Nkr2.18 Billion | +15.69% |
| 2011-12-31 | Nkr1.89 Billion | -7.27% |
| 2010-12-31 | Nkr2.03 Billion | +0.64% |
| 2009-12-31 | Nkr2.02 Billion | -4.36% |
| 2008-12-31 | Nkr2.11 Billion | -7.52% |
| 2007-12-31 | Nkr2.29 Billion | +28.59% |
| 2006-12-31 | Nkr1.78 Billion | +20.90% |
| 2005-12-31 | Nkr1.47 Billion | -10.22% |
| 2004-12-31 | Nkr1.64 Billion | +12.29% |
| 2003-12-31 | Nkr1.46 Billion | +7.65% |
| 2002-12-31 | Nkr1.35 Billion | +0.46% |
| 2001-12-31 | Nkr1.35 Billion | +2.13% |
| 2000-12-31 | Nkr1.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veidekke 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 310900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr3.11 Billion | 84.53% |
| Other Components | Nkr569.00 Million | 15.47% |
| Total Equity | Nkr3.68 Billion | 100.00% |
Veidekke ASA Competitors by Market Cap
The table below lists competitors of Veidekke ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burford Capital Ltd
NYSE:BUR
|
$1.55 Billion |
|
Albany International Corporation
NYSE:AIN
|
$1.55 Billion |
|
Wizz Air Holdings Plc
PINK:WZZAF
|
$1.55 Billion |
|
Zhejiang Lante Optics Co Ltd
SHG:688127
|
$1.55 Billion |
|
Henan Hanwei Electronics Co
SHE:300007
|
$1.55 Billion |
|
PagSeguro Digital Ltd
NYSE:PAGS
|
$1.54 Billion |
|
Marqeta Inc
NASDAQ:MQ
|
$1.54 Billion |
|
Vistry Group PLC
PINK:BVHMF
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veidekke ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,304,000,000 to 3,678,000,000, a change of 374,000,000 (11.3%).
- Net income of 1,553,000,000 contributed positively to equity growth.
- Dividend payments of 1,215,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.55 Billion | +42.22% |
| Dividends Paid | Nkr1.22 Billion | -33.03% |
| Other Changes | Nkr36.00 Million | +0.98% |
| Total Change | Nkr- | 11.32% |
Book Value vs Market Value Analysis
This analysis compares Veidekke 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: 7.10x
- 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 increased from 3.20x to 7.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | Nkr60.51 | Nkr193.40 | x |
| 2002-12-31 | Nkr61.54 | Nkr193.40 | x |
| 2003-12-31 | Nkr64.69 | Nkr193.40 | x |
| 2004-12-31 | Nkr10.80 | Nkr193.40 | x |
| 2005-12-31 | Nkr1.98 | Nkr193.40 | x |
| 2006-12-31 | Nkr12.02 | Nkr193.40 | x |
| 2007-12-31 | Nkr15.85 | Nkr193.40 | x |
| 2008-12-31 | Nkr15.62 | Nkr193.40 | x |
| 2009-12-31 | Nkr14.86 | Nkr193.40 | x |
| 2010-12-31 | Nkr14.80 | Nkr193.40 | x |
| 2011-12-31 | Nkr13.63 | Nkr193.40 | x |
| 2012-12-31 | Nkr15.84 | Nkr193.40 | x |
| 2013-12-31 | Nkr17.99 | Nkr193.40 | x |
| 2014-12-31 | Nkr19.99 | Nkr193.40 | x |
| 2015-12-31 | Nkr22.98 | Nkr193.40 | x |
| 2016-12-31 | Nkr27.55 | Nkr193.40 | x |
| 2017-12-31 | Nkr27.43 | Nkr193.40 | x |
| 2018-12-31 | Nkr26.01 | Nkr193.40 | x |
| 2019-12-31 | Nkr28.47 | Nkr193.40 | x |
| 2020-12-31 | Nkr21.13 | Nkr193.40 | x |
| 2021-12-31 | Nkr21.01 | Nkr193.40 | x |
| 2022-12-31 | Nkr21.96 | Nkr193.40 | x |
| 2023-12-31 | Nkr22.57 | Nkr193.40 | x |
| 2024-12-31 | Nkr24.37 | Nkr193.40 | x |
| 2025-12-31 | Nkr27.25 | Nkr193.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veidekke 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): 42.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.60%
- • Asset Turnover: 2.20x
- • Equity Multiplier: 5.34x
- Recent ROE (42.22%) is above the historical average (26.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 9.77% | 1.51% | 1.25x | 5.21x | Nkr-2.79 Million |
| 2001 | 7.78% | 0.83% | 1.67x | 5.58x | Nkr-25.07 Million |
| 2002 | 12.65% | 1.26% | 2.16x | 4.65x | Nkr29.75 Million |
| 2003 | 9.69% | 1.03% | 2.03x | 4.64x | Nkr-3.72 Million |
| 2004 | 17.61% | 2.05% | 2.23x | 3.84x | Nkr113.80 Million |
| 2005 | 39.36% | 3.83% | 2.29x | 4.50x | Nkr416.10 Million |
| 2006 | 41.23% | 4.31% | 1.98x | 4.84x | Nkr536.49 Million |
| 2007 | 44.60% | 5.12% | 2.22x | 3.92x | Nkr767.81 Million |
| 2008 | 29.46% | 3.17% | 2.16x | 4.29x | Nkr406.60 Million |
| 2009 | 20.72% | 2.65% | 1.98x | 3.96x | Nkr212.96 Million |
| 2010 | 17.88% | 2.25% | 1.95x | 4.08x | Nkr155.88 Million |
| 2011 | 35.38% | 3.64% | 1.79x | 5.45x | Nkr462.54 Million |
| 2012 | 21.15% | 2.27% | 1.76x | 5.28x | Nkr236.18 Million |
| 2013 | 22.61% | 2.51% | 1.86x | 4.85x | Nkr303.20 Million |
| 2014 | 31.54% | 3.52% | 1.93x | 4.63x | Nkr575.70 Million |
| 2015 | 24.89% | 3.18% | 1.63x | 4.81x | Nkr457.70 Million |
| 2016 | 24.08% | 3.10% | 1.91x | 4.07x | Nkr518.60 Million |
| 2017 | 29.78% | 3.62% | 1.47x | 5.57x | Nkr725.30 Million |
| 2018 | 15.53% | 1.52% | 1.56x | 6.53x | Nkr192.20 Million |
| 2019 | 11.85% | 1.24% | 1.66x | 5.77x | Nkr70.40 Million |
| 2020 | 32.36% | 2.42% | 2.17x | 6.15x | Nkr637.80 Million |
| 2021 | 33.65% | 2.55% | 2.17x | 6.08x | Nkr673.30 Million |
| 2022 | 36.74% | 2.82% | 2.19x | 5.94x | Nkr794.80 Million |
| 2023 | 35.03% | 2.48% | 2.37x | 5.97x | Nkr763.80 Million |
| 2024 | 38.17% | 3.05% | 2.20x | 5.69x | Nkr930.60 Million |
| 2025 | 42.22% | 3.60% | 2.20x | 5.34x | Nkr1.19 Billion |
Industry Comparison
This section compares Veidekke ASA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $767,233,857
- Average return on equity (ROE) among peers: 38.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veidekke ASA (VEI) | Nkr3.76 Billion | 9.77% | 4.22x | $1.55 Billion |
| Cadeler As (CADLR) | $325.26 Million | 2.29% | 0.31x | $877.51 Million |
| DOF Group ASA (DOFG) | $364.00 Million | 237.64% | 60.27x | $54.70 Million |
| Endur ASA (ENDUR) | $125.98 Million | -56.21% | 0.92x | $286.51 Million |
| Goodtech (GOD) | $-10.51 Million | 0.00% | 0.00x | $11.27 Million |
| Multiconsult AS (MULTI) | $419.91 Million | 39.70% | 2.09x | $266.28 Million |
| Norconsult ASA (NORCO) | $2.53 Billion | 19.59% | 1.81x | $1.06 Billion |
| Sentia Asa (SNTIA) | $1.61 Billion | 29.18% | 3.19x | $56.33K |