Dno ASA
DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds75% operating interests in the Tawke and Peshkabir fields located in the Kurdistan; and 9% interest in Côte d'Ivoire's Block CI-27 located in West Africa. It also holds licenses in reservoirs, including in the Cretaceous, Jurassic and Triassic … Read more
Dno ASA (DTNOF) - Net Assets
Latest net assets as of December 2025: $1.33 Billion USD
Based on the latest financial reports, Dno ASA (DTNOF) has net assets worth $1.33 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 ($6.00 Billion) and total liabilities ($4.67 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 | $1.33 Billion |
| % of Total Assets | 22.15% |
| Annual Growth Rate | 10.64% |
| 5-Year Change | 30.4% |
| 10-Year Change | 230.47% |
| Growth Volatility | 67.41 |
Dno ASA - Net Assets Trend (2002–2025)
This chart illustrates how Dno 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 Dno ASA (2002–2025)
The table below shows the annual net assets of Dno ASA from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.33 Billion | +23.01% |
| 2024-12-31 | $1.08 Billion | -12.54% |
| 2023-12-31 | $1.23 Billion | -9.83% |
| 2022-12-31 | $1.37 Billion | +34.41% |
| 2021-12-31 | $1.02 Billion | +20.48% |
| 2020-12-31 | $845.60 Million | -27.19% |
| 2019-12-31 | $1.16 Billion | -4.64% |
| 2018-12-31 | $1.22 Billion | +39.03% |
| 2017-12-31 | $875.90 Million | +117.89% |
| 2016-12-31 | $402.00 Million | -7.82% |
| 2015-12-31 | $436.10 Million | -18.15% |
| 2014-12-31 | $532.80 Million | -29.78% |
| 2013-12-31 | $758.78 Million | +5.56% |
| 2012-12-31 | $718.82 Million | +98.85% |
| 2011-12-31 | $361.50 Million | +0.76% |
| 2010-12-31 | $358.76 Million | +31.69% |
| 2009-12-31 | $272.43 Million | -10.48% |
| 2008-12-31 | $304.31 Million | -31.70% |
| 2007-12-31 | $445.55 Million | +282.83% |
| 2006-12-31 | $116.39 Million | -18.87% |
| 2005-12-31 | $143.46 Million | +49.04% |
| 2004-12-31 | $96.25 Million | -34.51% |
| 2003-12-31 | $146.97 Million | +13.24% |
| 2002-12-31 | $129.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dno 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 1583.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $594.50 Million | 44.75% |
| Common Stock | $32.80 Million | 2.47% |
| Other Components | $701.20 Million | 52.78% |
| Total Equity | $1.33 Billion | 100.00% |
Dno ASA Competitors by Market Cap
The table below lists competitors of Dno ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L&T Technology Services Limited
NSE:LTTS
|
$989.37 Million |
|
Digi Communications NV
RO:DIGI
|
$989.72 Million |
|
Schaeffler AG
PINK:SFFLY
|
$989.80 Million |
|
Starlake Bioscience Co Inc Zhaoqing Guangdong
SHG:600866
|
$990.13 Million |
|
Fevertree Drinks PLC
PINK:FQVTY
|
$988.71 Million |
|
AUTOHOME INC. A DL -01
F:8AHA
|
$988.60 Million |
|
Sunonwealth Electric Machine Industry Co Ltd
TW:2421
|
$988.16 Million |
|
Waypoint REIT
AU:WPR
|
$988.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dno ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,080,000,000 to 1,328,500,000, a change of 248,500,000 (23.0%).
- Net loss of 25,940,170 reduced equity.
- Dividend payments of 133,509,524 reduced retained earnings.
- Other comprehensive income increased equity by 65,700,000.
- Other factors increased equity by 342,249,694.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.94 Million | -1.95% |
| Dividends Paid | $133.51 Million | -10.05% |
| Other Comprehensive Income | $65.70 Million | +4.95% |
| Other Changes | $342.25 Million | +25.76% |
| Total Change | $- | 23.01% |
Book Value vs Market Value Analysis
This analysis compares Dno 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: 0.98x
- 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.
- The price-to-book ratio has decreased from 10.90x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.12 | $1.34 | x |
| 2003-12-31 | $0.15 | $1.34 | x |
| 2004-12-31 | $0.11 | $1.34 | x |
| 2005-12-31 | $0.16 | $1.34 | x |
| 2006-12-31 | $0.13 | $1.34 | x |
| 2007-12-31 | $0.50 | $1.34 | x |
| 2008-12-31 | $0.34 | $1.34 | x |
| 2009-12-31 | $0.32 | $1.34 | x |
| 2010-12-31 | $0.40 | $1.34 | x |
| 2011-12-31 | $0.39 | $1.34 | x |
| 2012-12-31 | $0.71 | $1.34 | x |
| 2013-12-31 | $0.75 | $1.34 | x |
| 2014-12-31 | $0.53 | $1.34 | x |
| 2015-12-31 | $0.41 | $1.34 | x |
| 2016-12-31 | $0.37 | $1.34 | x |
| 2017-12-31 | $0.83 | $1.34 | x |
| 2018-12-31 | $1.16 | $1.34 | x |
| 2019-12-31 | $1.12 | $1.34 | x |
| 2020-12-31 | $0.87 | $1.34 | x |
| 2021-12-31 | $1.04 | $1.34 | x |
| 2022-12-31 | $1.37 | $1.34 | x |
| 2023-12-31 | $1.26 | $1.34 | x |
| 2024-12-31 | $1.11 | $1.34 | x |
| 2025-12-31 | $1.36 | $1.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dno 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): -1.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.76%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.52x
- Recent ROE (-1.95%) is below the historical average (4.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -8.56% | -4.53% | 0.83x | 2.28x | $-24.00 Million |
| 2003 | 10.94% | 5.34% | 0.79x | 2.61x | $1.38 Million |
| 2004 | 34.54% | 12.11% | 1.24x | 2.29x | $23.62 Million |
| 2005 | 30.91% | 37.72% | 0.27x | 3.08x | $29.99 Million |
| 2006 | 8.43% | 4.58% | 0.41x | 4.55x | $-1.82 Million |
| 2007 | 41.46% | 76.16% | 0.26x | 2.08x | $140.16 Million |
| 2008 | -42.60% | -65.68% | 0.27x | 2.42x | $-160.06 Million |
| 2009 | -17.08% | -31.02% | 0.20x | 2.78x | $-73.77 Million |
| 2010 | -13.41% | -22.60% | 0.23x | 2.56x | $-84.00 Million |
| 2011 | 30.27% | 31.55% | 0.41x | 2.33x | $73.29 Million |
| 2012 | 25.90% | 36.58% | 0.39x | 1.83x | $114.32 Million |
| 2013 | 2.75% | 4.28% | 0.37x | 1.76x | $-55.01 Million |
| 2014 | -42.44% | -50.02% | 0.41x | 2.07x | $-279.38 Million |
| 2015 | -48.68% | -113.29% | 0.19x | 2.31x | $-255.91 Million |
| 2016 | -8.78% | -17.49% | 0.21x | 2.41x | $-75.50 Million |
| 2017 | 56.51% | 142.49% | 0.25x | 1.62x | $407.41 Million |
| 2018 | 29.09% | 42.72% | 0.41x | 1.65x | $232.52 Million |
| 2019 | 6.33% | 7.57% | 0.30x | 2.82x | $-42.63 Million |
| 2020 | -33.81% | -46.50% | 0.23x | 3.20x | $-370.46 Million |
| 2021 | 20.01% | 20.31% | 0.34x | 2.89x | $102.02 Million |
| 2022 | 28.11% | 27.95% | 0.49x | 2.05x | $247.96 Million |
| 2023 | 1.51% | 2.79% | 0.25x | 2.14x | $-104.88 Million |
| 2024 | -2.51% | -4.06% | 0.22x | 2.75x | $-135.10 Million |
| 2025 | -1.95% | -1.76% | 0.25x | 4.52x | $-158.79 Million |
Industry Comparison
This section compares Dno ASA's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dno ASA (DTNOF) | $1.33 Billion | -8.56% | 3.52x | $989.01 Million |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |