Altustfi (ALI) - Net Assets

Latest as of March 2026: zł171.62 Million PLN ≈ $47.23 Million USD

Based on the latest financial reports, Altustfi (ALI) has net assets worth zł171.62 Million PLN (≈ $47.23 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 (zł191.69 Million ≈ $52.76 Million USD) and total liabilities (zł20.07 Million ≈ $5.52 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 Altustfi (ALI) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł171.62 Million
% of Total Assets	89.53%
Annual Growth Rate	14.17%
5-Year Change	41.24%
10-Year Change	24.93%
Growth Volatility	81.19

Altustfi - Net Assets Trend (2012–2025)

This chart illustrates how Altustfi's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ALI market cap overview.

Annual Net Assets for Altustfi (2012–2025)

The table below shows the annual net assets of Altustfi from 2012 to 2025. Also explore ALI net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł168.81 Million ≈ $46.46 Million	+10.50%
2024-12-31	zł152.77 Million ≈ $42.05 Million	+12.70%
2023-12-31	zł135.56 Million ≈ $37.31 Million	+7.34%
2022-12-31	zł126.29 Million ≈ $34.76 Million	+5.67%
2021-12-31	zł119.52 Million ≈ $32.89 Million	+8.58%
2020-12-31	zł110.08 Million ≈ $30.30 Million	-27.76%
2019-12-31	zł152.38 Million ≈ $41.94 Million	-1.70%
2018-12-31	zł155.03 Million ≈ $42.67 Million	-12.22%
2017-12-31	zł176.62 Million ≈ $48.61 Million	+30.71%
2016-12-31	zł135.12 Million ≈ $37.19 Million	-51.64%
2015-12-31	zł279.44 Million ≈ $76.91 Million	+37.30%
2014-12-31	zł203.53 Million ≈ $56.01 Million	+292.36%
2013-12-31	zł51.87 Million ≈ $14.28 Million	+72.02%
2012-12-31	zł30.15 Million ≈ $8.30 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 99.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł41.86 Million	28.06%
Common Stock	zł4.09 Million	2.74%
Other Comprehensive Income	zł92.47 Million	61.98%
Other Components	zł10.77 Million	7.22%
Total Equity	zł149.20 Million	100.00%

Altustfi Competitors by Market Cap

The table below lists competitors of Altustfi ranked by their market capitalization.

Company	Market Cap
Swiss Steel Holding AG SW:STLN	$40.01 Million
Comtrend Corp TWO:8089	$40.03 Million
Gigas Hosting S.A MC:GIGA	$40.03 Million
Goa Carbon Limited NSE:GOACARBON	$40.06 Million
Avonmore Capital & Management Services Limited NSE:AVONMORE	$39.98 Million
IHQ Inc KO:003560	$39.98 Million
Corline Biomedical AB ST:CLBIO	$39.94 Million
Inhwa Precision Co. Ltd KQ:101930	$39.92 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 2024 to 2025, total equity changed from 135,104,000 to 149,198,000, a change of 14,094,000 (10.4%).
Net income of 14,092,000 contributed positively to equity growth.
Other comprehensive income increased equity by 17,152,000.
Other factors decreased equity by 17,150,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł14.09 Million	+9.45%
Other Comprehensive Income	zł17.15 Million	+11.5%
Other Changes	zł-17.15 Million	-11.49%
Total Change	zł-	10.43%

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: 0.97x
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 5.09x to 0.97x 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	zł3.55	x
2013-12-31	zł31.31	zł3.55	x
2014-12-31	zł4.49	zł3.55	x
2015-12-31	zł4.76	zł3.55	x
2016-12-31	zł2.23	zł3.55	x
2017-12-31	zł3.34	zł3.55	x
2018-12-31	zł3.12	zł3.55	x
2019-12-31	zł3.11	zł3.55	x
2020-12-31	zł2.24	zł3.55	x
2021-12-31	zł2.61	zł3.55	x
2022-12-31	zł2.73	zł3.55	x
2023-12-31	zł2.93	zł3.55	x
2024-12-31	zł3.30	zł3.55	x
2025-12-31	zł3.65	zł3.55	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): 9.45%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.46%
• Asset Turnover: 0.29x
• Equity Multiplier: 1.27x
Recent ROE (9.45%) is below the historical average (27.24%), 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	22.07%	25.75%	0.76x	1.13x	zł33.74 Million
2016	54.99%	22.17%	1.09x	2.27x	zł60.79 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	0.81%	0.96%	0.70x	1.21x	zł-13.17 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%	30.54%	0.28x	1.30x	zł1.59 Million
2025	9.45%	25.46%	0.29x	1.27x	zł-827.80K

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: $218,525,660
Average return on equity (ROE) among peers: 3.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Altustfi (ALI)	zł171.62 Million	69.66%	0.12x	$39.98 Million
Magna Polonia SA (06N)	$25.71 Million	6.49%	0.30x	$9.00 Million
Alta S.A. (AAT)	$203.69 Million	-4.89%	0.02x	$7.10 Million
Capital Partners S.A. (CPA)	$50.01 Million	10.22%	0.15x	$11.89 Million
Caspar (CSR)	$19.42 Million	12.84%	0.54x	$21.31 Million
One SA (FMG)	$6.92 Million	-74.80%	12.65x	$5.35 Million
Immobile (GKI)	$235.41 Million	-1.26%	1.76x	$99.83 Million
Impera Capital S.A. (IMP)	$208.29 Million	-4.42%	0.22x	$3.04 Million
JR Invest SA (JRH)	$167.31 Million	80.03%	0.21x	$44.84 Million
MCI Management SA (MCI)	$1.05 Billion	9.97%	0.26x	$391.27 Million

About Altustfi

WAR:ALI Poland Asset Management

Market Cap

$39.98 Million

zł145.27 Million PLN

Market Cap Rank

#22795 Global

#212 in Poland

Share Price

zł3.55

Change (1 day)

+1.43%

52-Week Range

zł2.55 - zł3.65

All Time High

zł18.44