Veidekke ASA (VEI) - Net Assets

Latest as of December 2025: Nkr3.76 Billion NOK ≈ $395.77 Million USD

Based on the latest financial reports, Veidekke ASA (VEI) has net assets worth Nkr3.76 Billion NOK (≈ $395.77 Million USD) 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 ≈ $2.07 Billion USD) and total liabilities (Nkr15.89 Billion ≈ $1.67 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 Veidekke ASA (VEI) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Veidekke ASA assets under control for the complete picture of this company's asset base.

Annual Net Assets for Veidekke ASA (2000–2025)

The table below shows the annual net assets of Veidekke ASA from 2000 to 2025. For live valuation and market cap data, see Veidekke ASA (VEI) total market value.

Year	Net Assets	Change
2025-12-31	Nkr3.76 Billion ≈ $395.77 Million	+12.07%
2024-12-31	Nkr3.36 Billion ≈ $353.15 Million	+8.33%
2023-12-31	Nkr3.10 Billion ≈ $326.00 Million	+3.47%
2022-12-31	Nkr2.99 Billion ≈ $315.06 Million	+4.54%
2021-12-31	Nkr2.86 Billion ≈ $301.38 Million	-0.45%
2020-12-31	Nkr2.88 Billion ≈ $302.74 Million	-27.13%
2019-12-31	Nkr3.95 Billion ≈ $415.44 Million	-7.26%
2018-12-31	Nkr4.26 Billion ≈ $447.96 Million	+10.66%
2017-12-31	Nkr3.85 Billion ≈ $404.82 Million	+3.44%
2016-12-31	Nkr3.72 Billion ≈ $391.35 Million	+15.57%
2015-12-31	Nkr3.22 Billion ≈ $338.63 Million	+17.27%
2014-12-31	Nkr2.74 Billion ≈ $288.75 Million	+11.23%
2013-12-31	Nkr2.47 Billion ≈ $259.60 Million	+13.03%
2012-12-31	Nkr2.18 Billion ≈ $229.68 Million	+15.69%
2011-12-31	Nkr1.89 Billion ≈ $198.54 Million	-7.27%
2010-12-31	Nkr2.03 Billion ≈ $214.11 Million	+0.64%
2009-12-31	Nkr2.02 Billion ≈ $212.74 Million	-4.36%
2008-12-31	Nkr2.11 Billion ≈ $222.44 Million	-7.52%
2007-12-31	Nkr2.29 Billion ≈ $240.54 Million	+28.59%
2006-12-31	Nkr1.78 Billion ≈ $187.07 Million	+20.90%
2005-12-31	Nkr1.47 Billion ≈ $154.73 Million	-10.22%
2004-12-31	Nkr1.64 Billion ≈ $172.34 Million	+12.29%
2003-12-31	Nkr1.46 Billion ≈ $153.49 Million	+7.65%
2002-12-31	Nkr1.35 Billion ≈ $142.57 Million	+0.46%
2001-12-31	Nkr1.35 Billion ≈ $141.92 Million	+2.13%
2000-12-31	Nkr1.32 Billion ≈ $138.97 Million	--

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
Sai Gon Ha Noi Commercial Joint Stock Bank VN:SHB	$2.53 Billion
Shenzhen Aisidi Co Ltd SHE:002416	$2.53 Billion
China Marine Information Electronics Co Ltd SHG:600764	$2.53 Billion
Insight Enterprises Inc NASDAQ:NSIT	$2.53 Billion
Arcadis N.V. AS:ARCAD	$2.53 Billion
Jiayou International Logistics Co Ltd SHG:603871	$2.53 Billion
Whirlpool Corporation NYSE:WHR	$2.52 Billion
Zhejiang Huace Film TV Co SHE:300133	$2.52 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: 6.53x
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 2.94x to 6.53x 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	Nkr178.00	x
2002-12-31	Nkr61.54	Nkr178.00	x
2003-12-31	Nkr64.69	Nkr178.00	x
2004-12-31	Nkr10.80	Nkr178.00	x
2005-12-31	Nkr1.98	Nkr178.00	x
2006-12-31	Nkr12.02	Nkr178.00	x
2007-12-31	Nkr15.85	Nkr178.00	x
2008-12-31	Nkr15.62	Nkr178.00	x
2009-12-31	Nkr14.86	Nkr178.00	x
2010-12-31	Nkr14.80	Nkr178.00	x
2011-12-31	Nkr13.63	Nkr178.00	x
2012-12-31	Nkr15.84	Nkr178.00	x
2013-12-31	Nkr17.99	Nkr178.00	x
2014-12-31	Nkr19.99	Nkr178.00	x
2015-12-31	Nkr22.98	Nkr178.00	x
2016-12-31	Nkr27.55	Nkr178.00	x
2017-12-31	Nkr27.43	Nkr178.00	x
2018-12-31	Nkr26.01	Nkr178.00	x
2019-12-31	Nkr28.47	Nkr178.00	x
2020-12-31	Nkr21.13	Nkr178.00	x
2021-12-31	Nkr21.01	Nkr178.00	x
2022-12-31	Nkr21.96	Nkr178.00	x
2023-12-31	Nkr22.57	Nkr178.00	x
2024-12-31	Nkr24.37	Nkr178.00	x
2025-12-31	Nkr27.25	Nkr178.00	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: $1,006,713,125
Average return on equity (ROE) among peers: -10.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Veidekke ASA (VEI)	Nkr3.76 Billion	9.77%	4.22x	$2.53 Billion
AF Gruppen ASA (AFG)	$2.08 Billion	29.90%	2.72x	$2.02 Billion
Cadeler As (CADLR)	$325.26 Million	2.29%	0.31x	$2.49 Billion
DOF Group ASA (DOFG)	$1.77 Billion	10.05%	1.13x	$3.53 Billion
Endur ASA (ENDUR)	$184.34 Million	-206.43%	4.10x	$625.00 Million
Goodtech (GOD)	$-10.51 Million	0.00%	0.00x	$35.15 Million
Multiconsult AS (MULTI)	$773.62 Million	32.21%	2.51x	$465.69 Million
Norconsult ASA (NORCO)	$2.26 Billion	20.12%	1.78x	$1.21 Billion
Sentia Asa (SNTIA)	$676.00 Million	26.04%	6.66x	$78.85K

About Veidekke ASA

OL:VEI Norway Engineering & Construction

Market Cap

$2.53 Billion

Nkr24.02 Billion NOK

Market Cap Rank

#5518 Global

#36 in Norway

Share Price

Nkr178.00

Change (1 day)

-1.44%

52-Week Range

Nkr148.20 - Nkr197.20

All Time High

Nkr197.20