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Tangible Book Value for Nel ASA

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NLLS.F: Nel ASA

Nel ASA, a hydrogen company, engages in the provision of solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates through its Nel Alkaline ...

0.24 USD
Price
– USD
Fair Value
–
Upside
0.18 - 0.87
52-week range
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Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Nel ASA's Tangible Book Value:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024200 M400 M600 M
Performance Summary
  • Nel's tangible book value last quarter was 346.8 million
  • Nel's tangible book value for fiscal years ending December 2020 to 2024 averaged 454 million.
  • Nel's operated at median tangible book value of 460.9 million from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Nel's tangible book value peaked in December 2020 at 510.4 million.
  • Nel's tangible book value hit its 5-year low in December 2024 of 346.8 million.
  • Nel's tangible book value decreased in 2021 (441.9 million, -13.4%) and 2024 (346.8 million, -32.0%) and increased in 2020 (510.4 million, +515.0%), 2022 (460.9 million, +4.3%), and 2023 (510.1 million, +10.7%).

How does Nel ASA's Tangible Book Value benchmark against competitors?

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We've identified the following companies as similar to Nel ASA because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Nel ASA Tangible Book Value Benchmarks
NameTickerTangible Book Value
Siemens Energy AGBRSE:ENR-2.797 B
IndustrialsSECTOR:IND.NO50.526 M
Green Hydrogen Systems A/SDB:3LUA52.7 M
Etman International ASAOTCNO:ETMA159.5 M
Otovo ASOB:OTOVO238.7 M
ITM Power PlcDB:IJ8271.7 M
HydrogenPro ASOB:HYPRO289.7 M
Nel ASAOTCPK:NLLS.F346.8 M
Zaptec ASOB:ZAP585.6 M
FuelCell Energy, Inc.DB:FEY594.9 M
Ballard Power Systems IncDB:PO0647.9 M
Plug Power Inc.DB:PLUN1.592 B

Metric Usage: Tangible Book Value

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tbv
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number
Datatype
text
Format
current
Default Period
FY, Q
Periods Supported
Free
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To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Tangible Book Value in the financials category include:

  • Cost of Revenues - This expense item reflects the direct costs associated with revenues including cost of goods sold.
  • Current Taxes - This item represents the current amount of income taxes payable, both domestic and foreign.
  • Policy Acq. And Underwriting Costs - This item represents the policy acquisition costs including deferred costs of various types of insurance businesses.
  • Net Current Asset Value (NCAV) - A calculation inspired by Benjamin Graham. Net Current Asset Value is calculated as current assets minus total liabilities.
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Tangible Book Value

The book value of common equity less intangible assets.

Definition of Tangible Book Value

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Nel reported tangible book value of 346.8 M for the latest quarter ending December 31, 2024 on its balance sheet.

The tables below summarizes Nel’s Tangible Book Value and common size over the last five years:

Fiscal YearTangible Book ValueAssets% Assets
2020-12-31510.4 M715.6 M71.3%
2021-12-31441.9 M681.6 M64.8%
2022-12-31460.9 M709.5 M65.0%
2023-12-31510.1 M773.4 M66.0%
2024-12-31346.8 M553.8 M62.6%

The tables below summarizes Nel’s Tangible Book Value and common size over the last four quarters:

Quarter EndingTangible Book ValueAssets% Assets
2024-03-31475.1 M714.7 M66.5%
2024-06-30385.1 M592 M65.1%
2024-09-30376.8 M585.9 M64.3%
2024-12-31346.8 M553.8 M62.6%
Click the link below to download a spreadsheet with an example Tangible Book Value calculation for Nel ASA below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-1.756 B743.5 M3.244 B7.026 B05001,0001,500

The chart above depicts the distribution of tangible book value for companies operating in the Industrials sector in the Developed economic region. Over 3,590 companies were considered in this analysis, and 3,451 had meaningful values. The average tangible book value of companies in the sector is 268.7 M with a standard deviation of 787.1 M.

Nel ASA's Tangible Book Value of 346.8 M ranks in the 80.0% percentile for the sector. The following table provides additional summary stats:

Tangible Book Value In The Industrials Sector
Economic Risk RegionDeveloped
Total Constituents3,594
Included Constituents3,451
Min-1.891 B
Max6.882 B
Median48.37 M
Mean268.7 M
Standard Deviation787.1 M

You can find companies with similar tangible book value using this stock screener.

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