Mirgor S.A.
Mirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria manufactures and sells air conditioning equipment for automotive and agricultural businesses. The company operates through Automotive, Consumer Electronics and Telephony, Retail, Services, Agricultural, Steel Marketing, and Other segments. It offers air conditioning equipment and car radios; televisions and ce… Read more
Mirgor S.A. (MIRG) - Net Assets
Latest net assets as of September 2025: AR$363.07 Billion ARS
Based on the latest financial reports, Mirgor S.A. (MIRG) has net assets worth AR$363.07 Billion ARS as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$1.95 Trillion) and total liabilities (AR$1.59 Trillion). 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 | AR$363.07 Billion |
| % of Total Assets | 18.59% |
| Annual Growth Rate | 45.14% |
| 5-Year Change | 1640.41% |
| 10-Year Change | 23021.71% |
| Growth Volatility | 43.13 |
Mirgor S.A. - Net Assets Trend (2000–2024)
This chart illustrates how Mirgor S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mirgor S.A. (2000–2024)
The table below shows the annual net assets of Mirgor S.A. from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AR$297.56 Billion | +181.13% |
| 2023-12-31 | AR$105.84 Billion | +67.88% |
| 2022-12-31 | AR$63.05 Billion | +118.41% |
| 2021-12-31 | AR$28.87 Billion | +68.83% |
| 2020-12-31 | AR$17.10 Billion | +98.67% |
| 2019-12-31 | AR$8.61 Billion | +94.41% |
| 2018-12-31 | AR$4.43 Billion | +74.73% |
| 2017-12-31 | AR$2.53 Billion | +51.27% |
| 2016-12-31 | AR$1.67 Billion | +30.13% |
| 2015-12-31 | AR$1.29 Billion | +64.49% |
| 2014-12-31 | AR$782.35 Million | +21.23% |
| 2013-12-31 | AR$645.35 Million | +44.67% |
| 2012-12-31 | AR$446.09 Million | +44.80% |
| 2011-12-31 | AR$308.07 Million | +35.83% |
| 2010-12-31 | AR$226.80 Million | +15.68% |
| 2009-12-31 | AR$196.05 Million | -4.89% |
| 2008-12-31 | AR$206.14 Million | +16.01% |
| 2007-12-31 | AR$177.70 Million | +45.15% |
| 2006-12-31 | AR$122.43 Million | +48.54% |
| 2005-12-31 | AR$82.42 Million | +31.46% |
| 2004-12-31 | AR$62.70 Million | +13.18% |
| 2003-12-31 | AR$55.40 Million | -7.93% |
| 2002-12-31 | AR$60.17 Million | +80.06% |
| 2001-12-31 | AR$33.42 Million | -14.29% |
| 2000-12-31 | AR$38.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirgor S.A.'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 888014.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AR$299.86 Billion | 101.50% |
| Total Equity | AR$295.42 Billion | 100.00% |
Mirgor S.A. Competitors by Market Cap
The table below lists competitors of Mirgor S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$566.77 Million |
|
Ribo Fashion Group Co Ltd
SHG:603196
|
$567.40 Million |
|
Guangdong Super Telecom
SHG:603322
|
$567.43 Million |
|
Shanghai Sanyou Medical Co Ltd
SHG:688085
|
$567.57 Million |
|
Société BIC SA
PINK:BICEY
|
$566.61 Million |
|
Shandong Xingmin Wheel Co Ltd
SHE:002355
|
$565.78 Million |
|
Uroica Mining Safety Eng
SHE:300099
|
$565.73 Million |
|
Shanghai Bright Power Semiconductor
SHG:688368
|
$565.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirgor S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,229,000,000 to 295,423,000,000, a change of 192,194,000,000 (186.2%).
- Net income of 204,201,000,000 contributed positively to equity growth.
- Other factors decreased equity by 12,007,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$204.20 Billion | +69.12% |
| Other Changes | AR$-12.01 Billion | -4.06% |
| Total Change | AR$- | 186.18% |
Book Value vs Market Value Analysis
This analysis compares Mirgor S.A.'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: 1.14x
- 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 1364.86x to 1.14x 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 | AR$14.07 | AR$19200.00 | x |
| 2018-12-31 | AR$245.81 | AR$19200.00 | x |
| 2019-12-31 | AR$479.60 | AR$19200.00 | x |
| 2020-12-31 | AR$1091.77 | AR$19200.00 | x |
| 2021-12-31 | AR$2035.84 | AR$19200.00 | x |
| 2022-12-31 | AR$4849.66 | AR$19200.00 | x |
| 2023-12-31 | AR$6703.18 | AR$19200.00 | x |
| 2024-12-31 | AR$16875.55 | AR$19200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirgor S.A. 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): 69.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.85%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 4.19x
- Recent ROE (69.12%) is above the historical average (8.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 11.64% | 3.62% | 1.60x | 2.01x | AR$1.03 Million |
| 2005 | 23.93% | 6.83% | 1.53x | 2.28x | AR$11.48 Million |
| 2006 | 32.68% | 7.06% | 1.86x | 2.49x | AR$27.76 Million |
| 2007 | 33.36% | 7.23% | 1.74x | 2.66x | AR$41.50 Million |
| 2008 | 13.80% | 2.68% | 1.80x | 2.85x | AR$7.83 Million |
| 2010 | 13.56% | 1.80% | 1.75x | 4.30x | AR$8.07 Million |
| 2011 | 26.37% | 2.41% | 2.45x | 4.47x | AR$50.43 Million |
| 2012 | 33.70% | 4.50% | 2.24x | 3.34x | AR$105.72 Million |
| 2013 | 35.52% | 5.70% | 1.73x | 3.60x | AR$164.66 Million |
| 2014 | 17.51% | 2.72% | 1.61x | 4.00x | AR$58.71 Million |
| 2015 | 40.60% | 6.77% | 0.93x | 6.44x | AR$393.64 Million |
| 2016 | 25.54% | 2.78% | 2.11x | 4.36x | AR$260.10 Million |
| 2017 | 35.04% | 4.30% | 1.93x | 4.23x | AR$634.07 Million |
| 2018 | -1.81% | -0.24% | 1.98x | 3.86x | AR$-522.42 Million |
| 2019 | 24.69% | 4.32% | 1.85x | 3.09x | AR$1.26 Billion |
| 2020 | 31.50% | 6.26% | 1.55x | 3.24x | AR$3.68 Billion |
| 2021 | 21.45% | 3.28% | 2.58x | 2.54x | AR$3.30 Billion |
| 2022 | 15.72% | 2.63% | 2.03x | 2.95x | AR$3.61 Billion |
| 2023 | -331.86% | -13.71% | 1.49x | 16.21x | AR$-352.89 Billion |
| 2024 | 69.12% | 11.85% | 1.39x | 4.19x | AR$174.66 Billion |
Industry Comparison
This section compares Mirgor S.A.'s net assets metrics with peer companies in the Consumer Electronics industry.
No peer company data available for comparison.