One United Properties SA (ONE) - Net Assets
Based on the latest financial reports, One United Properties SA (ONE) has net assets worth RON3.81 Billion RON (≈ $874.47 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RON6.53 Billion ≈ $1.50 Billion USD) and total liabilities (RON2.72 Billion ≈ $624.09 Million USD). 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. Check ONE tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RON3.81 Billion |
| % of Total Assets | 58.35% |
| Annual Growth Rate | 23.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.28 |
One United Properties SA - Net Assets Trend (2021–2025)
This chart illustrates how One United Properties SA's net assets have evolved over time, based on quarterly financial data. See ONE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for One United Properties SA (2021–2025)
The table below shows the annual net assets of One United Properties SA from 2021 to 2025. For live valuation and market cap data, see One United Properties SA (ONE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | RON3.82 Billion ≈ $877.10 Million |
+10.43% |
| 2024-12-31 | RON3.46 Billion ≈ $794.27 Million |
+20.82% |
| 2023-12-31 | RON2.86 Billion ≈ $657.38 Million |
+13.10% |
| 2022-12-31 | RON2.53 Billion ≈ $581.23 Million |
+53.70% |
| 2021-12-31 | RON1.65 Billion ≈ $378.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to One United Properties SA'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 157.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RON2.04 Billion | 62.20% |
| Other Components | RON1.24 Billion | 37.80% |
| Total Equity | RON3.28 Billion | 100.00% |
One United Properties SA Competitors by Market Cap
The table below lists competitors of One United Properties SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Septwolves Industry Co Ltd
SHE:002029
|
$805.74 Million |
|
Zhejiang Qianjiang Motorcycle Co Ltd
SHE:000913
|
$805.74 Million |
|
Tyntek Corp
TW:2426
|
$806.00 Million |
|
Logwin AG
F:TGHN
|
$806.18 Million |
|
Close Brothers Group plc
F:CS3
|
$805.45 Million |
|
Haesung DS Co Ltd
KO:195870
|
$805.29 Million |
|
Chung Hung Steel Corp
TW:2014
|
$805.05 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$804.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in One United Properties SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,967,692,675 to 3,280,967,345, a change of 313,274,670 (10.6%).
- Net income of 394,624,991 contributed positively to equity growth.
- Dividend payments of 79,215,168 reduced retained earnings.
- Share repurchases of 17,631,959 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RON394.62 Million | +12.03% |
| Dividends Paid | RON79.22 Million | -2.41% |
| Share Repurchases | RON17.63 Million | -0.54% |
| Other Changes | RON15.50 Million | +0.47% |
| Total Change | RON- | 10.56% |
Book Value vs Market Value Analysis
This analysis compares One United Properties SA'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: 1.07x
- 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 1.53x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | RON20.76 | RON31.75 | x |
| 2023-12-31 | RON23.93 | RON31.75 | x |
| 2024-12-31 | RON26.84 | RON31.75 | x |
| 2025-12-31 | RON29.69 | RON31.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently One United Properties SA 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): 12.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.48%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.01x
- Recent ROE (12.03%) is below the historical average (18.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 29.56% | 54.72% | 0.26x | 2.11x | RON258.96 Million |
| 2022 | 21.85% | 52.10% | 0.20x | 2.09x | RON239.76 Million |
| 2023 | 17.40% | 33.05% | 0.25x | 2.09x | RON176.89 Million |
| 2024 | 10.93% | 24.81% | 0.24x | 1.86x | RON27.56 Million |
| 2025 | 12.03% | 31.48% | 0.19x | 2.01x | RON66.53 Million |
Industry Comparison
This section compares One United Properties SA's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $640,828,000
- Average return on equity (ROE) among peers: 11.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| One United Properties SA (ONE) | RON3.81 Billion | 29.56% | 0.71x | $805.58 Million |
| Impact Develop (IMP) | $640.83 Million | 11.68% | 0.54x | $108.88 Million |
About One United Properties SA
One United Properties SA, together with its subsidiaries, develops and sells real estate properties in Romania. It operates through Residential; and Office, Retail & Landbank segments. The company engages in the investment and development of residential, mixed-use, commercial, office, and hospitality real estate projects under the One brand. It also provides architecture services for group and no… Read more