Best SA
BEST S.A. operates in the debt collection industry in Poland and Italy. It provides debt collection services for banks, borrowing companies, telecommunication operators, power companies, and other mass service providers; and manages securitized assets of securitization funds, as well as invests in non-performing debt portfolios. The company was founded in 1994 and is based in Gdynia, Poland.
Best SA (BST) - Net Assets
Latest net assets as of September 2025: zł1.10 Billion PLN
Based on the latest financial reports, Best SA (BST) has net assets worth zł1.10 Billion PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł2.52 Billion) and total liabilities (zł1.42 Billion). 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 | zł1.10 Billion |
| % of Total Assets | 43.62% |
| Annual Growth Rate | 26.26% |
| 5-Year Change | 80.21% |
| 10-Year Change | 221.66% |
| Growth Volatility | 31.26 |
Best SA - Net Assets Trend (2008–2024)
This chart illustrates how Best SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Best SA (2008–2024)
The table below shows the annual net assets of Best SA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł910.16 Million | +21.35% |
| 2023-12-31 | zł750.02 Million | +8.85% |
| 2022-12-31 | zł689.03 Million | +30.71% |
| 2021-12-31 | zł527.15 Million | +4.37% |
| 2020-12-31 | zł505.06 Million | -8.96% |
| 2019-12-31 | zł554.76 Million | +3.24% |
| 2018-12-31 | zł537.37 Million | +25.03% |
| 2017-12-31 | zł429.77 Million | +20.65% |
| 2016-12-31 | zł356.23 Million | +25.89% |
| 2015-12-31 | zł282.96 Million | +41.60% |
| 2014-12-31 | zł199.84 Million | +32.66% |
| 2013-12-31 | zł150.64 Million | +90.46% |
| 2012-12-31 | zł79.09 Million | +53.30% |
| 2011-12-31 | zł51.59 Million | +109.86% |
| 2010-12-31 | zł24.59 Million | +19.22% |
| 2009-12-31 | zł20.62 Million | -5.53% |
| 2008-12-31 | zł21.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Best 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 79850200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł795.31 Million | 88.59% |
| Common Stock | zł22.65 Million | 2.52% |
| Other Comprehensive Income | zł74.67 Million | 8.32% |
| Other Components | zł5.16 Million | 0.58% |
| Total Equity | zł897.79 Million | 100.00% |
Best SA Competitors by Market Cap
The table below lists competitors of Best SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Millie Seojae.
KQ:418470
|
$47.92 Million |
|
Burcelik Bursa Celik Dokum Sanayi AS
IS:BURCE
|
$47.94 Million |
|
GDB Holdings Bhd
KLSE:0198
|
$47.94 Million |
|
Warehouse Group Ltd
PINK:WHGPF
|
$47.94 Million |
|
Daesung Energy
KO:117580
|
$47.91 Million |
|
Atari SA
PINK:PONGF
|
$47.91 Million |
|
MAIA Biotechnology Inc.
NYSE MKT:MAIA
|
$47.90 Million |
|
Vidhi Specialty Food Ingredients Limited
NSE:VIDHIING
|
$47.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Best SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 749,812,000 to 897,793,000, a change of 147,981,000 (19.7%).
- Net income of 102,729,000 contributed positively to equity growth.
- New share issuances of 110,000 increased equity.
- Other comprehensive income increased equity by 45,030,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł102.73 Million | +11.44% |
| Share Issuances | zł110.00K | +0.01% |
| Other Comprehensive Income | zł45.03 Million | +5.02% |
| Other Changes | zł112.00K | +0.01% |
| Total Change | zł- | 19.74% |
Book Value vs Market Value Analysis
This analysis compares Best 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: 0.71x
- 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 26.68x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł1.05 | zł28.00 | x |
| 2009-12-31 | zł0.99 | zł28.00 | x |
| 2010-12-31 | zł1.18 | zł28.00 | x |
| 2011-12-31 | zł2.47 | zł28.00 | x |
| 2012-12-31 | zł3.79 | zł28.00 | x |
| 2013-12-31 | zł7.22 | zł28.00 | x |
| 2014-12-31 | zł9.58 | zł28.00 | x |
| 2015-12-31 | zł13.57 | zł28.00 | x |
| 2016-12-31 | zł16.18 | zł28.00 | x |
| 2017-12-31 | zł18.88 | zł28.00 | x |
| 2018-12-31 | zł19.43 | zł28.00 | x |
| 2019-12-31 | zł20.38 | zł28.00 | x |
| 2020-12-31 | zł21.82 | zł28.00 | x |
| 2021-12-31 | zł23.66 | zł28.00 | x |
| 2022-12-31 | zł29.97 | zł28.00 | x |
| 2023-12-31 | zł33.40 | zł28.00 | x |
| 2024-12-31 | zł39.42 | zł28.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Best 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): 11.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.69%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.08x
- Recent ROE (11.44%) is below the historical average (17.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 19.73% | 16.21% | 1.04x | 1.17x | zł2.12 Million |
| 2009 | -10.79% | -9.21% | 1.00x | 1.17x | zł-4.29 Million |
| 2010 | 8.12% | 8.89% | 0.79x | 1.15x | zł-462.50K |
| 2011 | 44.77% | 41.83% | 0.54x | 1.98x | zł17.91 Million |
| 2012 | 33.17% | 56.15% | 0.27x | 2.17x | zł18.31 Million |
| 2013 | 46.34% | 60.74% | 0.42x | 1.81x | zł54.69 Million |
| 2014 | 29.47% | 67.71% | 0.21x | 2.11x | zł38.90 Million |
| 2015 | 28.92% | 62.46% | 0.19x | 2.45x | zł53.52 Million |
| 2016 | 10.74% | 22.81% | 0.19x | 2.54x | zł2.63 Million |
| 2017 | 12.70% | 27.42% | 0.08x | 5.80x | zł11.60 Million |
| 2018 | 7.12% | 17.14% | 0.15x | 2.85x | zł-12.98 Million |
| 2019 | 9.18% | 18.45% | 0.19x | 2.64x | zł-3.85 Million |
| 2020 | 6.80% | 13.75% | 0.22x | 2.25x | zł-16.16 Million |
| 2021 | 8.98% | 20.95% | 0.20x | 2.10x | zł-5.59 Million |
| 2022 | 20.66% | 54.01% | 0.20x | 1.96x | zł73.40 Million |
| 2023 | 6.72% | 17.54% | 0.19x | 2.06x | zł-24.59 Million |
| 2024 | 11.44% | 27.69% | 0.20x | 2.08x | zł12.95 Million |
Industry Comparison
This section compares Best SA's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $218,700,535
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Best SA (BST) | zł1.10 Billion | 19.73% | 1.29x | $47.92 Million |
| Atlantis S.A. (ATS) | $19.81 Million | 3.92% | 0.16x | $1.70 Million |
| Capitea S.A. (CAP) | $115.63 Million | 52.31% | 3.98x | $5.89 Million |
| Fast Finance SA (FFI) | $62.23 Million | 15.91% | 3.59x | $291.18K |
| Fon SE (FON) | $5.97 Million | -35.37% | 0.92x | $1.06 Million |
| Investment Friends Capital SE (IFC) | $5.00 Million | 2.84% | 0.00x | $303.35K |
| Kredyt Inkaso SA (KRI) | $264.22 Million | 2.12% | 2.14x | $36.11 Million |
| Kruk SA (KRU) | $1.46 Billion | 20.20% | 1.44x | $1.94 Billion |
| MW Trade S.A. (MWT) | $26.04 Million | 5.76% | 0.68x | $449.05K |
| PBS Finanse SA (PBF) | $8.90 Million | 3.12% | 0.35x | $608.00K |