Altustfi
ALTUS Towarzystwo Funduszy Inwestycyjnych S.A. is a publicly owned investment manager. ALTUS Towarzystwo Funduszy Inwestycyjnych S.A. was founded in 2007 and is based in Warsaw, Poland.
Altustfi (ALI) - Net Assets
Latest net assets as of September 2025: zł163.16 Million PLN
Based on the latest financial reports, Altustfi (ALI) has net assets worth zł163.16 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł180.79 Million) and total liabilities (zł17.63 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 | zł163.16 Million |
| % of Total Assets | 90.25% |
| Annual Growth Rate | 14.48% |
| 5-Year Change | 38.79% |
| 10-Year Change | -34.55% |
| Growth Volatility | 84.35 |
Altustfi - Net Assets Trend (2012–2024)
This chart illustrates how Altustfi's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Altustfi (2012–2024)
The table below shows the annual net assets of Altustfi from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł152.77 Million | +12.70% |
| 2023-12-31 | zł135.56 Million | +7.34% |
| 2022-12-31 | zł126.29 Million | +5.67% |
| 2021-12-31 | zł119.52 Million | +8.58% |
| 2020-12-31 | zł110.08 Million | -27.76% |
| 2019-12-31 | zł152.38 Million | -1.70% |
| 2018-12-31 | zł155.03 Million | -12.22% |
| 2017-12-31 | zł176.62 Million | -48.93% |
| 2016-12-31 | zł345.80 Million | +48.14% |
| 2015-12-31 | zł233.43 Million | +14.69% |
| 2014-12-31 | zł203.53 Million | +292.36% |
| 2013-12-31 | zł51.87 Million | +72.02% |
| 2012-12-31 | zł30.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altustfi'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 114.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł44.92 Million | 33.25% |
| Common Stock | zł4.09 Million | 3.03% |
| Other Comprehensive Income | zł75.32 Million | 55.75% |
| Other Components | zł10.77 Million | 7.97% |
| Total Equity | zł135.10 Million | 100.00% |
Altustfi Competitors by Market Cap
The table below lists competitors of Altustfi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NeuPath Health Inc
V:NPTH
|
$16.35 Million |
|
Karsu Tekstil Sanayi ve Ticaret AS
IS:KRTEK
|
$16.36 Million |
|
DGR Global Ltd
AU:DGR
|
$16.36 Million |
|
Hyundai C&F Inc
KO:227840
|
$16.36 Million |
|
Laguna Resorts & Hotels Public Company Limited
BK:LRH
|
$16.35 Million |
|
Uzertas Boya Sanayi Ticaret ve Yatirim A.S.
IS:INTEK
|
$16.35 Million |
|
NowVertical Group Inc
PINK:NOWVF
|
$16.34 Million |
|
Repro India Limited
NSE:REPRO
|
$16.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altustfi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 120,005,000 to 135,104,000, a change of 15,099,000 (12.6%).
- Net income of 15,099,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 17,695,000.
- Other factors decreased equity by 17,695,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł15.10 Million | +11.18% |
| Other Comprehensive Income | zł17.70 Million | +13.1% |
| Other Changes | zł-17.70 Million | -13.1% |
| Total Change | zł- | 12.58% |
Book Value vs Market Value Analysis
This analysis compares Altustfi'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: 0.83x
- 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.
- The price-to-book ratio has decreased from 3.91x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | zł0.70 | zł2.73 | x |
| 2013-12-31 | zł31.31 | zł2.73 | x |
| 2014-12-31 | zł4.49 | zł2.73 | x |
| 2015-12-31 | zł3.98 | zł2.73 | x |
| 2016-12-31 | zł5.71 | zł2.73 | x |
| 2017-12-31 | zł3.34 | zł2.73 | x |
| 2018-12-31 | zł3.12 | zł2.73 | x |
| 2019-12-31 | zł3.11 | zł2.73 | x |
| 2020-12-31 | zł2.24 | zł2.73 | x |
| 2021-12-31 | zł2.61 | zł2.73 | x |
| 2022-12-31 | zł2.73 | zł2.73 | x |
| 2023-12-31 | zł2.93 | zł2.73 | x |
| 2024-12-31 | zł3.30 | zł2.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altustfi 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): 11.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.14%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.30x
- Recent ROE (11.18%) is below the historical average (26.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 69.66% | 42.83% | 1.18x | 1.38x | zł17.96 Million |
| 2013 | 72.42% | 42.40% | 1.12x | 1.52x | zł32.38 Million |
| 2014 | 17.76% | 39.95% | 0.41x | 1.08x | zł15.80 Million |
| 2015 | 26.43% | 25.75% | 0.89x | 1.15x | zł38.34 Million |
| 2016 | 22.66% | 23.38% | 0.65x | 1.50x | zł43.77 Million |
| 2017 | 58.60% | 26.96% | 1.69x | 1.29x | zł82.89 Million |
| 2018 | 34.70% | 17.27% | 1.61x | 1.25x | zł35.39 Million |
| 2019 | 2.75% | 3.26% | 0.70x | 1.21x | zł-10.39 Million |
| 2020 | 8.77% | 13.18% | 0.50x | 1.32x | zł-1.22 Million |
| 2021 | 7.59% | 14.06% | 0.42x | 1.28x | zł-2.57 Million |
| 2022 | 5.71% | 15.35% | 0.29x | 1.27x | zł-4.80 Million |
| 2023 | 7.63% | 16.89% | 0.34x | 1.34x | zł-2.85 Million |
| 2024 | 11.18% | 29.14% | 0.30x | 1.30x | zł1.59 Million |
Industry Comparison
This section compares Altustfi's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $109,805,768
- Average return on equity (ROE) among peers: -8.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altustfi (ALI) | zł163.16 Million | 69.66% | 0.11x | $16.35 Million |
| Magna Polonia SA (06N) | $8.85 Million | 9.69% | 11.00x | $5.84 Million |
| Alta S.A. (AAT) | $204.52 Million | 3.71% | 0.00x | $2.97 Million |
| Capital Partners S.A. (CPA) | $43.17 Million | -27.66% | 0.14x | $3.14 Million |
| Caspar (CSR) | $25.16 Million | 33.65% | 0.31x | $1.77 Million |
| One SA (FMG) | $30.74 Million | 2.55% | 1.56x | $2.39 Million |
| Immobile (GKI) | $148.04 Million | 1.55% | 0.89x | $47.60 Million |
| Impera Capital S.A. (IMP) | $17.44 Million | 11.94% | 0.05x | $1.36 Million |
| JR Invest SA (JRH) | $302.37 Million | -124.48% | 0.48x | $13.46 Million |
| MCI Management SA (MCI) | $207.96 Million | 10.36% | 0.44x | $94.64 Million |