Zalaris ASA (ZAL) - Net Assets
Based on the latest financial reports, Zalaris ASA (ZAL) has net assets worth Nkr285.08 Million NOK (≈ $30.00 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.23 Billion ≈ $129.11 Million USD) and total liabilities (Nkr941.88 Million ≈ $99.11 Million 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 Zalaris ASA (ZAL) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr285.08 Million |
| % of Total Assets | 23.23% |
| Annual Growth Rate | 23.31% |
| 5-Year Change | 30.18% |
| 10-Year Change | 170.4% |
| Growth Volatility | 43.7 |
Zalaris ASA - Net Assets Trend (2011–2025)
This chart illustrates how Zalaris ASA's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zalaris ASA's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zalaris ASA (2011–2025)
The table below shows the annual net assets of Zalaris ASA from 2011 to 2025. For live valuation and market cap data, see ZAL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr272.09 Million ≈ $28.63 Million |
+3.27% |
| 2024-12-31 | Nkr263.47 Million ≈ $27.72 Million |
+28.27% |
| 2023-12-31 | Nkr205.40 Million ≈ $21.61 Million |
+24.33% |
| 2022-12-31 | Nkr165.20 Million ≈ $17.38 Million |
-20.96% |
| 2021-12-31 | Nkr209.01 Million ≈ $21.99 Million |
+100.28% |
| 2020-12-31 | Nkr104.36 Million ≈ $10.98 Million |
+13.23% |
| 2019-12-31 | Nkr92.17 Million ≈ $9.70 Million |
-15.37% |
| 2018-12-31 | Nkr108.91 Million ≈ $11.46 Million |
-9.01% |
| 2017-12-31 | Nkr119.69 Million ≈ $12.59 Million |
+18.94% |
| 2016-12-31 | Nkr100.62 Million ≈ $10.59 Million |
-2.47% |
| 2015-12-31 | Nkr103.17 Million ≈ $10.86 Million |
+11.07% |
| 2014-12-31 | Nkr92.89 Million ≈ $9.77 Million |
+130.39% |
| 2013-12-31 | Nkr40.32 Million ≈ $4.24 Million |
+57.05% |
| 2012-12-31 | Nkr25.67 Million ≈ $2.70 Million |
+77.31% |
| 2011-12-31 | Nkr14.48 Million ≈ $1.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zalaris 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 11995700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr112.62 Million | 40.92% |
| Other Components | Nkr162.63 Million | 59.08% |
| Total Equity | Nkr275.26 Million | 100.00% |
Zalaris ASA Competitors by Market Cap
The table below lists competitors of Zalaris ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mildef Crete
TWO:3213
|
$226.49 Million |
|
National Bankshares Inc
NASDAQ:NKSH
|
$226.59 Million |
|
Korea Information & Communications Co. Ltd
KQ:025770
|
$226.65 Million |
|
Síminn hf
IC:SIMINN
|
$226.84 Million |
|
CVW CleanTech Inc
V:CVW
|
$226.37 Million |
|
Colombier Acquisition Corp. II
NYSE:CLBR
|
$226.32 Million |
|
Samsung C and T 1P Pref
KO:02826K
|
$226.26 Million |
|
Xingguang Agricultural Mach
SHG:603789
|
$226.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zalaris ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 263,470,000 to 275,259,000, a change of 11,789,000 (4.5%).
- Net income of 60,519,000 contributed positively to equity growth.
- Dividend payments of 19,559,000 reduced retained earnings.
- Share repurchases of 30,426,000 reduced equity.
- Other factors increased equity by 31,681,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr60.52 Million | +21.99% |
| Dividends Paid | Nkr19.56 Million | -7.11% |
| Share Repurchases | Nkr30.43 Million | -11.05% |
| Other Changes | Nkr31.68 Million | +11.51% |
| Total Change | Nkr- | 4.47% |
Book Value vs Market Value Analysis
This analysis compares Zalaris 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: 7.80x
- 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 15.00x to 7.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Nkr6.58 | Nkr98.80 | x |
| 2013-12-31 | Nkr10.94 | Nkr98.80 | x |
| 2014-12-31 | Nkr4.68 | Nkr98.80 | x |
| 2015-12-31 | Nkr5.18 | Nkr98.80 | x |
| 2016-12-31 | Nkr5.28 | Nkr98.80 | x |
| 2017-12-31 | Nkr6.03 | Nkr98.80 | x |
| 2018-12-31 | Nkr5.12 | Nkr98.80 | x |
| 2019-12-31 | Nkr4.58 | Nkr98.80 | x |
| 2020-12-31 | Nkr5.14 | Nkr98.80 | x |
| 2021-12-31 | Nkr1.94 | Nkr98.80 | x |
| 2022-12-31 | Nkr7.65 | Nkr98.80 | x |
| 2023-12-31 | Nkr9.49 | Nkr98.80 | x |
| 2024-12-31 | Nkr12.15 | Nkr98.80 | x |
| 2025-12-31 | Nkr12.67 | Nkr98.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zalaris 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): 21.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.03%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 4.67x
- Recent ROE (21.99%) is above the historical average (9.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 49.59% | 4.86% | 2.36x | 4.31x | Nkr8.79 Million |
| 2013 | 42.76% | 6.02% | 2.19x | 3.25x | Nkr12.09 Million |
| 2014 | 8.20% | 2.24% | 1.57x | 2.33x | Nkr-1.60 Million |
| 2015 | 21.47% | 5.66% | 1.83x | 2.07x | Nkr11.30 Million |
| 2016 | 25.41% | 6.45% | 2.07x | 1.91x | Nkr15.50 Million |
| 2017 | -10.18% | -2.11% | 1.02x | 4.74x | Nkr-24.16 Million |
| 2018 | -1.17% | -0.17% | 1.03x | 6.66x | Nkr-12.16 Million |
| 2019 | -7.61% | -0.90% | 1.09x | 7.74x | Nkr-16.23 Million |
| 2020 | -8.61% | -1.13% | 1.09x | 6.95x | Nkr-19.42 Million |
| 2021 | 6.13% | 1.65% | 0.94x | 3.96x | Nkr-8.09 Million |
| 2022 | -22.47% | -4.16% | 0.99x | 5.48x | Nkr-53.64 Million |
| 2023 | -1.03% | -0.19% | 1.02x | 5.41x | Nkr-22.66 Million |
| 2024 | 12.81% | 2.51% | 1.02x | 5.01x | Nkr7.41 Million |
| 2025 | 21.99% | 4.03% | 1.17x | 4.67x | Nkr32.99 Million |
Industry Comparison
This section compares Zalaris ASA's net assets metrics with peer companies in the Staffing & Employment Services industry.
No peer company data available for comparison.
About Zalaris ASA
Zalaris ASA, together with its subsidiaries, provides full-service outsourced personnel and payroll services. It operates through two segments, Managed Services and Zalaris Consulting. The Managed Services segment offers a range of payroll and human resource (HR) outsourcing services, including payroll processing, time and attendance, travel expenses; and cloud-based HR functionality services, su… Read more