NEL Hydrogen ASA
NEL Hydrogen ASA operates in Real Estate Operating Companies.
NEL Hydrogen ASA (NELO) - Net Assets
Latest net assets as of September 2024: Nkr4.95 Billion NOK
Based on the latest financial reports, NEL Hydrogen ASA (NELO) has net assets worth Nkr4.95 Billion NOK as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr6.18 Billion) and total liabilities (Nkr1.24 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 | Nkr4.95 Billion |
| % of Total Assets | 80.01% |
| Annual Growth Rate | 92.95% |
| 5-Year Change | 235.63% |
| 10-Year Change | 3063.13% |
| Growth Volatility | 633.78 |
NEL Hydrogen ASA - Net Assets Trend (2013–2023)
This chart illustrates how NEL Hydrogen 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 NEL Hydrogen ASA (2013–2023)
The table below shows the annual net assets of NEL Hydrogen ASA from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr6.20 Billion | +13.73% |
| 2022-12-31 | Nkr5.45 Billion | +8.15% |
| 2021-12-31 | Nkr5.04 Billion | -7.86% |
| 2020-12-31 | Nkr5.47 Billion | +196.13% |
| 2019-12-31 | Nkr1.85 Billion | +16.95% |
| 2018-12-31 | Nkr1.58 Billion | +12.03% |
| 2017-12-31 | Nkr1.41 Billion | +109.97% |
| 2016-12-31 | Nkr671.22 Million | -8.18% |
| 2015-12-31 | Nkr731.01 Million | +273.08% |
| 2014-12-31 | Nkr195.94 Million | +2158.60% |
| 2013-12-31 | Nkr8.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NEL Hydrogen 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 decreased by 296033875100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr9.20 Billion | 148.37% |
| Total Equity | Nkr6.20 Billion | 100.00% |
NEL Hydrogen ASA Competitors by Market Cap
The table below lists competitors of NEL Hydrogen ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PINE CLIFF ENERGY
BE:IPC
|
$1.97K |
|
ATTITUDE PROPERTY LTD
SEM:APL
|
$1.97K |
|
Medcamp S.A.
WAR:MDP
|
$1.97K |
|
Printcare PLC
CM:CAREN0000
|
$1.97K |
|
Minh Khang Capital Trading Public JSC
VN:CTP
|
$1.96K |
|
GPRHF
PINK:GPRHF
|
$1.96K |
|
Access Engineering PLC
CM:AELN0000
|
$1.95K |
|
The Container Store Group, Inc.
PINK:TCSG
|
$1.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NEL Hydrogen ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,449,608,000 to 6,197,736,000, a change of 748,128,000 (13.7%).
- Net loss of 855,196,000 reduced equity.
- New share issuances of 1,609,200,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-855.20 Million | -13.8% |
| Share Issuances | Nkr1.61 Billion | +25.96% |
| Other Changes | Nkr-5.88 Million | -0.09% |
| Total Change | Nkr- | 13.73% |
Book Value vs Market Value Analysis
This analysis compares NEL Hydrogen 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: 0.62x
- 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 1.64x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr1.41 | Nkr2.30 | x |
| 2018-12-31 | Nkr1.41 | Nkr2.30 | x |
| 2019-12-31 | Nkr1.51 | Nkr2.30 | x |
| 2020-12-31 | Nkr3.89 | Nkr2.30 | x |
| 2021-12-31 | Nkr3.45 | Nkr2.30 | x |
| 2022-12-31 | Nkr3.49 | Nkr2.30 | x |
| 2023-12-31 | Nkr3.71 | Nkr2.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NEL Hydrogen 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): -13.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50.87%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.27x
- Recent ROE (-13.80%) is above the historical average (-46.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -422.27% | -23341.79% | 0.01x | 1.75x | Nkr-37.50 Million |
| 2014 | -3.32% | -53.96% | 0.05x | 1.22x | Nkr-26.11 Million |
| 2015 | -2.97% | -24.54% | 0.11x | 1.12x | Nkr-94.83 Million |
| 2016 | -8.32% | -48.77% | 0.15x | 1.14x | Nkr-122.95 Million |
| 2017 | -3.72% | -17.35% | 0.17x | 1.25x | Nkr-193.39 Million |
| 2018 | -11.96% | -38.61% | 0.25x | 1.23x | Nkr-346.72 Million |
| 2019 | -14.61% | -47.34% | 0.23x | 1.32x | Nkr-454.37 Million |
| 2020 | 23.08% | 193.58% | 0.11x | 1.12x | Nkr715.05 Million |
| 2021 | -33.08% | -208.88% | 0.13x | 1.19x | Nkr-2.17 Billion |
| 2022 | -21.49% | -128.02% | 0.13x | 1.28x | Nkr-1.72 Billion |
| 2023 | -13.80% | -50.87% | 0.21x | 1.27x | Nkr-1.47 Billion |
Industry Comparison
This section compares NEL Hydrogen ASA's net assets metrics with peer companies in the Other industry.
No peer company data available for comparison.