Elkem ASA
Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through Silicones, Silicon Products, and Carbon Solutions segments. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones. It also provides silicon-ba… Read more
Elkem ASA (ELKEF) - Net Assets
Latest net assets as of December 2025: $24.02 Billion USD
Based on the latest financial reports, Elkem ASA (ELKEF) has net assets worth $24.02 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.48 Billion) and total liabilities ($23.46 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 | $24.02 Billion |
| % of Total Assets | 50.6% |
| Annual Growth Rate | 14.56% |
| 5-Year Change | 20.89% |
| 10-Year Change | 222.09% |
| Growth Volatility | 26.3 |
Elkem ASA - Net Assets Trend (2015–2025)
This chart illustrates how Elkem 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 Elkem ASA (2015–2025)
The table below shows the annual net assets of Elkem ASA from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $24.02 Billion | -7.67% |
| 2024-12-31 | $26.02 Billion | +6.39% |
| 2023-12-31 | $24.46 Billion | -15.00% |
| 2022-12-31 | $28.77 Billion | +44.78% |
| 2021-12-31 | $19.87 Billion | +57.28% |
| 2020-12-31 | $12.64 Billion | -2.44% |
| 2019-12-31 | $12.95 Billion | -5.62% |
| 2018-12-31 | $13.72 Billion | +60.22% |
| 2017-12-31 | $8.56 Billion | +14.83% |
| 2016-12-31 | $7.46 Billion | +20.95% |
| 2015-12-31 | $6.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elkem 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 590.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $20.41 Billion | 85.34% |
| Other Components | $3.51 Billion | 14.66% |
| Total Equity | $23.92 Billion | 100.00% |
Elkem ASA Competitors by Market Cap
The table below lists competitors of Elkem ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Young & Co.'s Brewery P.L.C.
PINK:YCSBF
|
$557.84 Million |
|
COVER Corporation
OTCGREY:COVCF
|
$558.04 Million |
|
Shenzhen Hirisun Technology Inc
SHE:300277
|
$558.39 Million |
|
Atresmedia Corporación de Medios de Comunicación S.A
PINK:ATVDY
|
$558.43 Million |
|
Nanjing Kangni Mechanical & Electrical Co Ltd
SHG:603111
|
$557.19 Million |
|
Create Technology & Science Co Ltd
SHE:000551
|
$557.14 Million |
|
Metropolis Healthcare Limited
NSE:METROPOLIS
|
$557.10 Million |
|
Hunan Yussen Energy Technology
SHE:002986
|
$557.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elkem ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,912,000,000 to 23,921,000,000, a change of -1,991,000,000 (-7.7%).
- Net loss of 668,000,000 reduced equity.
- Dividend payments of 190,000,000 reduced retained earnings.
- Other factors decreased equity by 1,133,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-668.00 Million | -2.79% |
| Dividends Paid | $190.00 Million | -0.79% |
| Other Changes | $-1.13 Billion | -4.74% |
| Total Change | $- | -7.68% |
Book Value vs Market Value Analysis
This analysis compares Elkem 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: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $21.55 | $2.06 | x |
| 2021-12-31 | $31.26 | $2.06 | x |
| 2022-12-31 | $45.14 | $2.06 | x |
| 2023-12-31 | $38.37 | $2.06 | x |
| 2024-12-31 | $40.86 | $2.06 | x |
| 2025-12-31 | $37.72 | $2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elkem 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): -2.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.04%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.98x
- Recent ROE (-2.79%) is below the historical average (11.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.27% | 5.58% | 0.99x | 2.40x | $197.56 Million |
| 2016 | 9.79% | 5.14% | 0.95x | 2.01x | $-15.30 Million |
| 2017 | 14.31% | 5.73% | 0.83x | 3.01x | $364.70 Million |
| 2018 | 24.50% | 13.37% | 0.80x | 2.29x | $1.97 Billion |
| 2019 | 6.65% | 3.84% | 0.77x | 2.26x | $-430.60 Million |
| 2020 | 1.91% | 0.99% | 0.78x | 2.47x | $-1.01 Billion |
| 2021 | 23.39% | 13.99% | 0.79x | 2.11x | $2.65 Billion |
| 2022 | 33.38% | 21.24% | 0.85x | 1.84x | $6.70 Billion |
| 2023 | 0.30% | 0.34% | 0.42x | 2.08x | $-2.36 Billion |
| 2024 | 1.88% | 2.74% | 0.33x | 2.06x | $-2.10 Billion |
| 2025 | -2.79% | -4.04% | 0.35x | 1.98x | $-3.06 Billion |
Industry Comparison
This section compares Elkem ASA's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elkem ASA (ELKEF) | $24.02 Billion | 13.27% | 0.98x | $557.68 Million |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |