Vrancart Adjud
Vrancart S.A. produces and sells corrugated cardboard and paper in various assortments in Romania. The company offers corrugated cardboards, including single-wall, double-wall, double-double wall, and single-faced corrugated cardboards; paperboard products comprising testliner, Wellenstoff, Schrenz, and sized papers; and tissue paper, paper towels, and tissue paper products. It also provides wast… Read more
Vrancart Adjud (VNC) - Net Assets
Latest net assets as of September 2025: RON353.15 Million RON
Based on the latest financial reports, Vrancart Adjud (VNC) has net assets worth RON353.15 Million RON as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RON831.04 Million) and total liabilities (RON477.89 Million). 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 | RON353.15 Million |
| % of Total Assets | 42.49% |
| Annual Growth Rate | 10.54% |
| 5-Year Change | 63.02% |
| 10-Year Change | N/A |
| Growth Volatility | 10.82 |
Vrancart Adjud - Net Assets Trend (2019–2024)
This chart illustrates how Vrancart Adjud's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vrancart Adjud (2019–2024)
The table below shows the annual net assets of Vrancart Adjud from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | RON371.32 Million | +3.85% |
| 2023-09-30 | RON357.54 Million | +13.37% |
| 2022-09-30 | RON315.37 Million | +31.13% |
| 2021-09-30 | RON240.51 Million | +5.59% |
| 2020-09-30 | RON227.78 Million | +1.28% |
| 2019-09-30 | RON224.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vrancart Adjud'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 191.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | RON380.62 Million | 102.50% |
| Total Equity | RON371.32 Million | 100.00% |
Vrancart Adjud Competitors by Market Cap
The table below lists competitors of Vrancart Adjud ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rocketdna Ltd
AU:RKT
|
$8.46 Million |
|
Thai Agro Energy Public Company Limited
BK:TAE
|
$8.47 Million |
|
COSTCO WHSL
MU:CTO
|
$8.47 Million |
|
N.D. Rubber Public Company Limited
BK:NDR
|
$8.48 Million |
|
PLANETEL SPA
F:0A7
|
$8.46 Million |
|
Sama Resources Inc
PINK:SAMMF
|
$8.46 Million |
|
City Sports and Recreation Public Company Limited
BK:CSR
|
$8.46 Million |
|
Sky Quarry Inc
NASDAQ:SKYQ
|
$8.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vrancart Adjud's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 357,546,992 to 371,320,871, a change of 13,773,879 (3.9%).
- Net loss of 18,270,004 reduced equity.
- New share issuances of 31,956,911 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RON-18.27 Million | -4.92% |
| Share Issuances | RON31.96 Million | +8.61% |
| Other Changes | RON86.97K | +0.02% |
| Total Change | RON- | 3.85% |
Book Value vs Market Value Analysis
This analysis compares Vrancart Adjud'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: 0.51x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | RON0.16 | RON0.10 | x |
| 2020-09-30 | RON0.17 | RON0.10 | x |
| 2022-09-30 | RON0.21 | RON0.10 | x |
| 2023-09-30 | RON0.20 | RON0.10 | x |
| 2024-09-30 | RON0.18 | RON0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vrancart Adjud 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): -4.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.75%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.33x
- Recent ROE (-4.92%) is below the historical average (4.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.32% | 6.41% | 0.77x | 2.09x | RON720.47K |
| 2020 | 7.29% | 4.75% | 0.75x | 2.04x | RON-6.16 Million |
| 2021 | 2.64% | 1.40% | 0.85x | 2.22x | RON-17.71 Million |
| 2022 | 7.28% | 3.78% | 0.88x | 2.18x | RON-8.59 Million |
| 2023 | 1.52% | 1.08% | 0.65x | 2.17x | RON-30.33 Million |
| 2024 | -4.92% | -3.75% | 0.56x | 2.33x | RON-55.40 Million |
Industry Comparison
This section compares Vrancart Adjud's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $123,518,020
- Average return on equity (ROE) among peers: 18.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vrancart Adjud (VNC) | RON353.15 Million | 10.32% | 1.35x | $8.46 Million |
| Promateris SA (PPL) | $77.36 Million | 3.41% | 0.48x | $8.68 Million |
| Romcarbon Sa B (ROCE) | $169.68 Million | 33.07% | 1.03x | $5.88 Million |