Norva24 Group AB
Norva24 Group AB (Publ) provides underground infrastructure maintenance services in Northern Europe. The company offers emptying services, such as emptying septic tanks, sand traps, grease separators, oil, and other masses. It also provides pressure washing services comprising of tank cleaning and high pressure washing. In addition, the company offers pressure testing, leak detection, pipe inspec… Read more
Norva24 Group AB (NORVA) - Net Assets
Latest net assets as of December 2024: Skr2.29 Billion SEK
Based on the latest financial reports, Norva24 Group AB (NORVA) has net assets worth Skr2.29 Billion SEK as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr5.07 Billion) and total liabilities (Skr2.77 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 | Skr2.29 Billion |
| % of Total Assets | 45.25% |
| Annual Growth Rate | 31.29% |
| 5-Year Change | 233.15% |
| 10-Year Change | N/A |
| Growth Volatility | 45.09 |
Norva24 Group AB - Net Assets Trend (2017–2024)
This chart illustrates how Norva24 Group AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Norva24 Group AB (2017–2024)
The table below shows the annual net assets of Norva24 Group AB from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr2.29 Billion | +10.70% |
| 2023-12-31 | Skr2.07 Billion | +19.73% |
| 2022-12-31 | Skr1.73 Billion | +6.77% |
| 2021-12-31 | Skr1.62 Billion | +135.41% |
| 2020-12-31 | Skr688.00 Million | +28.31% |
| 2019-12-31 | Skr536.20 Million | +65.49% |
| 2018-12-31 | Skr324.00 Million | -4.94% |
| 2017-12-31 | Skr340.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Norva24 Group AB'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 81099656500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr753.40 Million | 32.87% |
| Common Stock | Skr600.00K | 0.03% |
| Other Components | Skr1.54 Billion | 67.10% |
| Total Equity | Skr2.29 Billion | 100.00% |
Norva24 Group AB Competitors by Market Cap
The table below lists competitors of Norva24 Group AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Henglin Chair Industry Co Ltd Class A
SHG:603661
|
$523.08 Million |
|
Elecom Co., Ltd.
PINK:ELCMF
|
$523.17 Million |
|
Oil Refineries Ltd
PINK:OILRF
|
$523.30 Million |
|
IP Group Plc
PINK:IPZYF
|
$523.40 Million |
|
Indegene Ltd
NSE:INDGN
|
$522.94 Million |
|
Smith & Wesson Brands Inc
NASDAQ:SWBI
|
$522.80 Million |
|
Bloomberry Resorts Corporation
PINK:BLBRF
|
$522.71 Million |
|
Marston's PLC
PINK:MRTPY
|
$522.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norva24 Group AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,070,500,000 to 2,292,100,000, a change of 221,600,000 (10.7%).
- Net income of 176,800,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 59,099,999.
- Other factors increased equity by 103,899,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr176.80 Million | +7.71% |
| Other Comprehensive Income | Skr-59.10 Million | -2.58% |
| Other Changes | Skr103.90 Million | +4.53% |
| Total Change | Skr- | 10.70% |
Book Value vs Market Value Analysis
This analysis compares Norva24 Group AB'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: 2.86x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.27x to 2.86x 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 | Skr1.87 | Skr36.00 | x |
| 2018-12-31 | Skr161.16 | Skr36.00 | x |
| 2019-12-31 | Skr2.94 | Skr36.00 | x |
| 2020-12-31 | Skr17.37 | Skr36.00 | x |
| 2021-12-31 | Skr25.24 | Skr36.00 | x |
| 2022-12-31 | Skr9.47 | Skr36.00 | x |
| 2023-12-31 | Skr11.34 | Skr36.00 | x |
| 2024-12-31 | Skr12.58 | Skr36.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norva24 Group AB 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): 7.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.87%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.21x
- Recent ROE (7.71%) is above the historical average (5.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -9.36% | -3.53% | 0.71x | 3.76x | Skr-65.97 Million |
| 2018 | -8.27% | -2.67% | 0.78x | 3.99x | Skr-59.20 Million |
| 2019 | 10.85% | 4.55% | 0.67x | 3.56x | Skr4.58 Million |
| 2020 | 16.28% | 5.31% | 0.83x | 3.70x | Skr43.20 Million |
| 2021 | 5.31% | 4.25% | 0.63x | 1.99x | Skr-75.96 Million |
| 2022 | 8.07% | 5.66% | 0.68x | 2.09x | Skr-33.43 Million |
| 2023 | 10.94% | 7.19% | 0.75x | 2.03x | Skr19.55 Million |
| 2024 | 7.71% | 4.87% | 0.72x | 2.21x | Skr-52.41 Million |
Industry Comparison
This section compares Norva24 Group AB's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norva24 Group AB (NORVA) | Skr2.29 Billion | -9.36% | 1.21x | $523.05 Million |
| Adventure Box Technology AB (ADVBOX) | $-6.76 Million | 0.00% | 0.00x | $8.10K |
| Gaming Innovation Group Inc (GIGSEK) | $64.97 Million | 28.17% | 1.85x | $148.05 Million |
| Spotr Group AB (SPOTR) | $1.94 Million | -82.05% | 0.40x | $477.85K |