Best SA (BST) - Net Assets

Latest as of December 2025: zł1.15 Billion PLN ≈ $316.90 Million USD

Based on the latest financial reports, Best SA (BST) has net assets worth zł1.15 Billion PLN (≈ $316.90 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł2.85 Billion ≈ $785.46 Million USD) and total liabilities (zł1.70 Billion ≈ $468.56 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. Explore Best SA (BST) cash conversion ratio to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł1.15 Billion
% of Total Assets	40.35%
Annual Growth Rate	26.27%
5-Year Change	118.43%
10-Year Change	223.24%
Growth Volatility	30.33

Best SA - Net Assets Trend (2008–2025)

This chart illustrates how Best SA's net assets have evolved over time, based on quarterly financial data. Also explore Best SA asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Best SA (2008–2025)

The table below shows the annual net assets of Best SA from 2008 to 2025. For live valuation and market cap data, see BST stock market capitalisation.

Year	Net Assets	Change
2025-12-31	zł1.15 Billion ≈ $316.90 Million	+26.51%
2024-12-31	zł910.16 Million ≈ $250.49 Million	+21.35%
2023-12-31	zł750.02 Million ≈ $206.42 Million	+8.85%
2022-12-31	zł689.03 Million ≈ $189.63 Million	+30.71%
2021-12-31	zł527.15 Million ≈ $145.08 Million	+4.37%
2020-12-31	zł505.06 Million ≈ $139.00 Million	-8.96%
2019-12-31	zł554.76 Million ≈ $152.68 Million	+3.24%
2018-12-31	zł537.37 Million ≈ $147.89 Million	+25.03%
2017-12-31	zł429.77 Million ≈ $118.28 Million	+20.65%
2016-12-31	zł356.23 Million ≈ $98.04 Million	+25.89%
2015-12-31	zł282.96 Million ≈ $77.87 Million	+41.60%
2014-12-31	zł199.84 Million ≈ $55.00 Million	+32.66%
2013-12-31	zł150.64 Million ≈ $41.46 Million	+90.46%
2012-12-31	zł79.09 Million ≈ $21.77 Million	+53.30%
2011-12-31	zł51.59 Million ≈ $14.20 Million	+109.86%
2010-12-31	zł24.59 Million ≈ $6.77 Million	+19.22%
2009-12-31	zł20.62 Million ≈ $5.68 Million	-5.53%
2008-12-31	zł21.83 Million ≈ $6.01 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 94774400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł944.55 Million	82.05%
Other Components	zł206.67 Million	17.95%
Total Equity	zł1.15 Billion	100.00%

Best SA Competitors by Market Cap

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

Company	Market Cap
CMC Corp VN:CMG	$247.77 Million
Bioteque TWO:4107	$247.80 Million
SmartRent Inc NYSE:SMRT	$247.85 Million
Servicios Corporativos Javer MX:JAVER	$247.96 Million
Sam Young Chem KO:003720	$247.66 Million
G1 Secure Solutions Ltd TA:GOSS	$247.62 Million
Dolly Varden Silver Corporation V:DV	$247.57 Million
Arkade Developers Ltd NSE:ARKADE	$247.49 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 2024 to 2025, total equity changed from 897,793,000 to 1,151,226,000, a change of 253,433,000 (28.2%).
Net income of 97,026,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 74,665,000.
Other factors increased equity by 231,072,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł97.03 Million	+8.43%
Other Comprehensive Income	zł-74.67 Million	-6.49%
Other Changes	zł231.07 Million	+20.07%
Total Change	zł-	28.23%

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: 0.78x
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 30.11x to 0.78x 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	zł31.60	x
2009-12-31	zł0.99	zł31.60	x
2010-12-31	zł1.18	zł31.60	x
2011-12-31	zł2.47	zł31.60	x
2012-12-31	zł3.79	zł31.60	x
2013-12-31	zł7.22	zł31.60	x
2014-12-31	zł9.58	zł31.60	x
2015-12-31	zł13.57	zł31.60	x
2016-12-31	zł16.18	zł31.60	x
2017-12-31	zł18.88	zł31.60	x
2018-12-31	zł19.43	zł31.60	x
2019-12-31	zł20.38	zł31.60	x
2020-12-31	zł21.82	zł31.60	x
2021-12-31	zł23.66	zł31.60	x
2022-12-31	zł29.97	zł31.60	x
2023-12-31	zł33.40	zł31.60	x
2024-12-31	zł39.42	zł31.60	x
2025-12-31	zł40.42	zł31.60	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): 8.43%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.98%
• Asset Turnover: 0.17x
• Equity Multiplier: 2.48x
Recent ROE (8.43%) is below the historical average (16.81%), 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
2025	8.43%	19.98%	0.17x	2.48x	zł-18.10 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: $94,836,380
Average return on equity (ROE) among peers: 3.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Best SA (BST)	zł1.15 Billion	19.73%	1.48x	$247.69 Million
Atlantis S.A. (ATS)	$257.87K	0.00%	1.74x	$2.60 Million
Fast Finance SA (FFI)	$9.37 Million	32.43%	5.91x	$347.46K
Fon SE (FON)	$9.32 Million	-22.37%	0.00x	$2.95 Million
Investment Friends Capital SE (IFC)	$4.61 Million	-2.82%	0.00x	$1.26 Million
Kredyt Inkaso SA (KRI)	$271.50 Million	2.02%	2.07x	$61.76 Million
Kruk SA (KRU)	$415.56 Million	23.49%	1.80x	$2.33 Billion
MW Trade S.A. (MWT)	$61.22 Million	-6.28%	0.69x	$2.61 Million
PBS Finanse SA (PBF)	$27.84 Million	-8.90%	0.08x	$2.16 Million
Pragma Inkaso S.A. (PRI)	$53.86 Million	11.51%	1.67x	$3.24 Million

About Best SA

WAR:BST Poland Credit Services

Market Cap

$247.69 Million

zł899.98 Million PLN

Market Cap Rank

#15832 Global

#101 in Poland

Share Price

zł31.60

Change (1 day)

-5.11%

52-Week Range

zł24.00 - zł33.80

All Time High

zł33.98