Mirland Development Corporation PLC
MirLand Development Corporation Plc acquires, develops, constructs, leases, and sells commercial and residential real estate properties in Russia. Its projects portfolio consists of residential, office, retail, and logistics properties. The company was incorporated in 2004 and is headquartered in Limassol, Cyprus.
Mirland Development Corporation PLC (MLD) - Net Assets
Latest net assets as of September 2025: ILA-20.87 Million ILA
Based on the latest financial reports, Mirland Development Corporation PLC (MLD) has net assets worth ILA-20.87 Million ILA as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA19.99 Million) and total liabilities (ILA40.86 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 | ILA-20.87 Million |
| % of Total Assets | -104.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | -113.09% |
| 10-Year Change | -106.34% |
| Growth Volatility | 1401.13 |
Mirland Development Corporation PLC - Net Assets Trend (2005–2024)
This chart illustrates how Mirland Development Corporation PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mirland Development Corporation PLC (2005–2024)
The table below shows the annual net assets of Mirland Development Corporation PLC from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA-20.12 Million | -25.42% |
| 2023-12-31 | ILA-16.05 Million | -132.32% |
| 2019-12-31 | ILA49.65 Million | -34.71% |
| 2018-12-31 | ILA76.03 Million | -50.52% |
| 2017-12-31 | ILA153.68 Million | +12.31% |
| 2016-12-31 | ILA136.83 Million | +810.55% |
| 2015-12-31 | ILA-19.26 Million | -113.61% |
| 2014-12-31 | ILA141.45 Million | -57.36% |
| 2013-12-31 | ILA331.72 Million | +4.53% |
| 2012-12-31 | ILA317.35 Million | -8.58% |
| 2011-12-31 | ILA347.14 Million | +1.79% |
| 2010-12-31 | ILA341.02 Million | +9.05% |
| 2009-12-31 | ILA312.74 Million | -8.62% |
| 2008-12-31 | ILA342.24 Million | -27.62% |
| 2007-12-31 | ILA472.84 Million | +29.00% |
| 2006-12-31 | ILA366.55 Million | +5408.65% |
| 2005-12-31 | ILA6.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirland Development Corporation PLC'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 13059.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ILA368.69 Million | % |
| Total Equity | ILA-20.12 Million | 100.00% |
Mirland Development Corporation PLC Competitors by Market Cap
The table below lists competitors of Mirland Development Corporation PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
iCents Group Holdings Berhad
KLSE:0366
|
$863.58 |
|
GENSOURCE POTASH
MU:UGN
|
$864.21 |
|
Saif Textile Mills Ltd
KAR:SAIF
|
$864.49 |
|
Idrees Textile Mills Ltd
KAR:IDRT
|
$864.74 |
|
SLMWF
OTCQX:SLMWF
|
$860.04 |
|
Starguide Group Inc
PINK:STRG
|
$860.00 |
|
Vitality Prime Inc.
PINK:VPIM
|
$859.37 |
|
KENYF
PINK:KENYF
|
$858.16 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirland Development Corporation PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -16,045,000 to -20,123,000, a change of -4,078,000.
- Net loss of 41,284,000 reduced equity.
- Other factors increased equity by 37,206,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-41.28 Million | -205.16% |
| Other Changes | ILA37.21 Million | +184.89% |
| Total Change | ILA- | % |
Book Value vs Market Value Analysis
This analysis compares Mirland Development Corporation PLC'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ILA9.97 | ILA0.03 | x |
| 2006-12-31 | ILA62.16 | ILA0.03 | x |
| 2007-12-31 | ILA45.66 | ILA0.03 | x |
| 2008-12-31 | ILA33.05 | ILA0.03 | x |
| 2009-12-31 | ILA30.20 | ILA0.03 | x |
| 2010-12-31 | ILA32.32 | ILA0.03 | x |
| 2011-12-31 | ILA32.76 | ILA0.03 | x |
| 2012-12-31 | ILA30.64 | ILA0.03 | x |
| 2013-12-31 | ILA28.36 | ILA0.03 | x |
| 2014-12-31 | ILA227.83 | ILA0.03 | x |
| 2015-12-31 | ILA-65.81 | ILA0.03 | x |
| 2016-12-31 | ILA197.67 | ILA0.03 | x |
| 2017-12-31 | ILA17.46 | ILA0.03 | x |
| 2018-12-31 | ILA0.81 | ILA0.03 | x |
| 2023-12-31 | ILA-1.70 | ILA0.03 | x |
| 2024-12-31 | ILA-0.92 | ILA0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirland Development Corporation PLC 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -525.71%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 45.26% | 61.91% | 0.10x | 7.53x | ILA2.34 Million |
| 2006 | 8.17% | 706.20% | 0.01x | 1.30x | ILA-6.70 Million |
| 2007 | 13.72% | 522.24% | 0.02x | 1.39x | ILA17.60 Million |
| 2008 | -30.63% | -514.90% | 0.04x | 1.55x | ILA-139.05 Million |
| 2009 | -7.35% | -133.52% | 0.03x | 1.94x | ILA-54.26 Million |
| 2010 | 6.79% | 107.28% | 0.03x | 2.07x | ILA-10.95 Million |
| 2011 | 8.22% | 60.01% | 0.06x | 2.13x | ILA-6.19 Million |
| 2012 | -13.33% | -71.66% | 0.08x | 2.44x | ILA-74.04 Million |
| 2013 | 1.11% | 3.22% | 0.12x | 2.83x | ILA-26.84 Million |
| 2014 | -53.30% | -72.89% | 0.11x | 6.41x | ILA-74.67 Million |
| 2015 | 0.00% | -182.51% | 0.15x | 0.00x | ILA-154.07 Million |
| 2016 | 95.12% | 124.14% | 0.20x | 3.78x | ILA116.47 Million |
| 2017 | 1.07% | 2.12% | 0.13x | 3.74x | ILA-13.72 Million |
| 2018 | -74.92% | -36.71% | 0.42x | 4.83x | ILA-64.57 Million |
| 2019 | -54.50% | -25.23% | 0.30x | 7.12x | ILA-32.02 Million |
| 2023 | 0.00% | -77.67% | 0.23x | 0.00x | ILA-7.92 Million |
| 2024 | 0.00% | -525.71% | 0.49x | 0.00x | ILA-39.27 Million |
Industry Comparison
This section compares Mirland Development Corporation PLC's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $3,207,383,667
- Average return on equity (ROE) among peers: -4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirland Development Corporation PLC (MLD) | ILA-20.87 Million | 45.26% | N/A | $861.40 |
| Arena Star Group Ltd (ARNA) | $-21.58 Million | 0.00% | 0.00x | $10.36 Million |
| Aviv Arlon Ltd (AVLN) | $117.47 Million | -9.34% | 1.60x | $378.28K |
| Gazit Globe Ltd (GZT) | $16.33 Billion | 4.01% | 1.61x | $11.85 Million |
| Mivne Real Estate (K.D) Ltd (IBLD) | $2.52 Billion | 12.12% | 3.50x | $34.56K |
| Kardan NV (KRNV) | $75.94 Million | -30.18% | 11.85x | $57.69K |
| Shemen Industries Ltd (SMNIN) | $224.02 Million | -3.30% | 0.87x | $1.26 Million |