Norsk Titanium AS
Norsk Titanium AS, together with its subsidiaries, engages in 3D printing of metal alloys for commercial aerospace, defense, and industrial sectors in Europe and the United States. The company offers aerospace-grade titanium components by 3D printing them through its additive manufacturing Rapid Plasma Deposition technology. It also sells value-added parts. The company was founded in 2007 and is … Read more
Norsk Titanium AS (NORSF) - Net Assets
Latest net assets as of June 2025: $16.89 Million USD
Based on the latest financial reports, Norsk Titanium AS (NORSF) has net assets worth $16.89 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.01 Million) and total liabilities ($13.11 Million). 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 | $16.89 Million |
| % of Total Assets | 56.3% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.48 |
Norsk Titanium AS - Net Assets Trend (2018–2024)
This chart illustrates how Norsk Titanium AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norsk Titanium AS (2018–2024)
The table below shows the annual net assets of Norsk Titanium AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $30.80 Million | +3108.11% |
| 2023-12-31 | $-1.02 Million | -105.88% |
| 2022-12-31 | $17.42 Million | -48.93% |
| 2021-12-31 | $34.10 Million | +142.35% |
| 2020-12-31 | $-80.52 Million | -117.31% |
| 2019-12-31 | $-37.05 Million | -1782.77% |
| 2018-12-31 | $-1.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norsk Titanium AS'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 9546400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $30.80 Million | 100.00% |
| Total Equity | $30.80 Million | 100.00% |
Norsk Titanium AS Competitors by Market Cap
The table below lists competitors of Norsk Titanium AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KG Eco Technology Services Co. Ltd
KQ:151860
|
$79.93 Million |
|
Dusit Thani Public Company Limited
BK:DUSIT
|
$79.93 Million |
|
AMREP Corporation
NYSE:AXR
|
$79.94 Million |
|
DASAN Networks Inc
KQ:039560
|
$79.94 Million |
|
Horizon Minerals Ltd
AU:HRZ
|
$79.92 Million |
|
Sunrise Realty Trust, Inc.
NASDAQ:SUNS
|
$79.91 Million |
|
ABSOLUTE CLEAN ENERGY
BK:ACE-R
|
$79.91 Million |
|
BRANICKS Group AG
F:BRNK
|
$79.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norsk Titanium AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,024,000 to 30,803,000, a change of 31,827,000.
- Net loss of 20,968,000 reduced equity.
- New share issuances of 50,833,000 increased equity.
- Other factors increased equity by 1,962,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-20.97 Million | -68.07% |
| Share Issuances | $50.83 Million | +165.03% |
| Other Changes | $1.96 Million | +6.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Norsk Titanium AS'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: 5.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-0.01 | $0.22 | x |
| 2019-12-31 | $-0.18 | $0.22 | x |
| 2020-12-31 | $-0.38 | $0.22 | x |
| 2021-12-31 | $0.16 | $0.22 | x |
| 2022-12-31 | $0.06 | $0.22 | x |
| 2023-12-31 | $0.00 | $0.22 | x |
| 2024-12-31 | $0.04 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norsk Titanium AS 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): -68.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -468.14%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.28x
- Recent ROE (-68.07%) is below the historical average (-24.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -7894.58% | 0.01x | 0.00x | $-31.86 Million |
| 2019 | 0.00% | -10888.99% | 0.01x | 0.00x | $-32.88 Million |
| 2020 | 0.00% | -12015.69% | 0.02x | 0.00x | $-34.84 Million |
| 2021 | -46.90% | -1262.27% | 0.03x | 1.23x | $-19.40 Million |
| 2022 | -53.82% | -934.50% | 0.04x | 1.52x | $-11.11 Million |
| 2023 | 0.00% | -1210.94% | 0.13x | 0.00x | $-26.57 Million |
| 2024 | -68.07% | -468.14% | 0.11x | 1.28x | $-24.05 Million |
Industry Comparison
This section compares Norsk Titanium AS's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $246,248,196
- Average return on equity (ROE) among peers: -96.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norsk Titanium AS (NORSF) | $16.89 Million | 0.00% | 0.78x | $79.93 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $2.70 Million | 107.41% | 27.00x | $0.98 |
| AAC Clyde Space AB (ACCMF) | $466.10 Million | -8.70% | 0.17x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.29 Billion |
| American Defense Systems Inc (ADFS) | $-9.76 Million | 0.00% | 0.00x | $4.85K |
| AAR Corp (AIR) | $301.68 Million | 1.16% | 1.35x | $4.16 Billion |
| Air Industries Group (AIRI) | $14.95 Million | -9.14% | 2.41x | $12.13 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $158.55 Million |
| Philly Shipyard ASA (AKRRF) | $5.83 Million | -1164.30% | 49.47x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $386.62 Million | 12.11% | 1.00x | $2.31 Billion |