Caspar (CSR) - Net Assets
Based on the latest financial reports, Caspar (CSR) has net assets worth zł35.08 Million PLN (≈ $9.65 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 (zł46.19 Million ≈ $12.71 Million USD) and total liabilities (zł11.11 Million ≈ $3.06 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 CSR PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł35.08 Million |
| % of Total Assets | 75.95% |
| Annual Growth Rate | 11.12% |
| 5-Year Change | 36.58% |
| 10-Year Change | 211.25% |
| Growth Volatility | 44.71 |
Caspar - Net Assets Trend (2014–2025)
This chart illustrates how Caspar's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Caspar market cap and net worth.
Annual Net Assets for Caspar (2014–2025)
The table below shows the annual net assets of Caspar from 2014 to 2025. Also explore CSR net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł34.37 Million ≈ $9.46 Million |
+5.41% |
| 2024-12-31 | zł32.61 Million ≈ $8.97 Million |
+67.91% |
| 2023-12-31 | zł19.42 Million ≈ $5.34 Million |
-12.12% |
| 2022-12-31 | zł22.10 Million ≈ $6.08 Million |
-12.19% |
| 2021-12-31 | zł25.16 Million ≈ $6.93 Million |
-25.85% |
| 2020-12-31 | zł33.94 Million ≈ $9.34 Million |
+137.73% |
| 2019-12-31 | zł14.28 Million ≈ $3.93 Million |
+23.27% |
| 2018-12-31 | zł11.58 Million ≈ $3.19 Million |
-6.33% |
| 2017-12-31 | zł12.36 Million ≈ $3.40 Million |
+11.96% |
| 2016-12-31 | zł11.04 Million ≈ $3.04 Million |
+6.48% |
| 2015-12-31 | zł10.37 Million ≈ $2.85 Million |
-3.78% |
| 2014-12-31 | zł10.78 Million ≈ $2.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Caspar'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 2130.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł18.38 Million | 64.49% |
| Common Stock | zł1.97 Million | 6.92% |
| Other Comprehensive Income | zł344.00K | 1.21% |
| Other Components | zł7.80 Million | 27.38% |
| Total Equity | zł28.50 Million | 100.00% |
Caspar Competitors by Market Cap
The table below lists competitors of Caspar ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stallion Uranium Corp.
V:STUD
|
$19.00 Million |
|
Shradha Infraprojects Limited
NSE:SHRADHA
|
$19.00 Million |
|
Wolftank Group AG
VI:WOLF
|
$19.01 Million |
|
OptiCept Technologies AB
ST:OPTI
|
$19.02 Million |
|
Murudeshwar Ceramics Limited
NSE:MURUDCERA
|
$18.99 Million |
|
Marwynn Holdings, Inc. Common stock
NASDAQ:MWYN
|
$18.99 Million |
|
Rohas Tecnic Bhd
KLSE:9741
|
$18.99 Million |
|
Orgabio Holdings Bhd
KLSE:0252
|
$18.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caspar's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,013,000 to 28,498,000, a change of 1,485,000 (5.5%).
- Net income of 2,300,000 contributed positively to equity growth.
- Dividend payments of 986,000 reduced retained earnings.
- Other comprehensive income increased equity by 171,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł2.30 Million | +8.07% |
| Dividends Paid | zł986.00K | -3.46% |
| Other Comprehensive Income | zł171.00K | +0.6% |
| Total Change | zł- | 5.50% |
Book Value vs Market Value Analysis
This analysis compares Caspar'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: 2.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.43x to 2.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | zł1.09 | zł7.00 | x |
| 2015-12-31 | zł3.04 | zł7.00 | x |
| 2016-12-31 | zł1.12 | zł7.00 | x |
| 2017-12-31 | zł1.25 | zł7.00 | x |
| 2018-12-31 | zł1.17 | zł7.00 | x |
| 2019-12-31 | zł1.44 | zł7.00 | x |
| 2020-12-31 | zł3.44 | zł7.00 | x |
| 2021-12-31 | zł2.55 | zł7.00 | x |
| 2022-12-31 | zł2.23 | zł7.00 | x |
| 2023-12-31 | zł1.96 | zł7.00 | x |
| 2024-12-31 | zł2.73 | zł7.00 | x |
| 2025-12-31 | zł2.86 | zł7.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caspar 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): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.67%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.62x
- Recent ROE (8.07%) is below the historical average (20.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.27% | 12.90% | 0.92x | 1.11x | zł351.32K |
| 2015 | 7.84% | 7.84% | 0.89x | 1.13x | zł-223.05K |
| 2016 | 12.46% | 13.28% | 0.83x | 1.13x | zł271.07K |
| 2017 | 19.69% | 17.22% | 0.96x | 1.19x | zł1.19 Million |
| 2018 | 10.93% | 8.25% | 1.12x | 1.18x | zł106.70K |
| 2019 | 28.37% | 19.40% | 0.96x | 1.52x | zł2.60 Million |
| 2020 | 77.30% | 47.76% | 1.05x | 1.55x | zł22.80 Million |
| 2021 | 33.74% | 22.56% | 1.14x | 1.31x | zł5.96 Million |
| 2022 | 19.24% | 12.28% | 1.08x | 1.44x | zł2.04 Million |
| 2023 | 12.88% | 7.91% | 1.05x | 1.55x | zł558.20K |
| 2024 | 6.59% | 4.51% | 0.88x | 1.66x | zł-921.30K |
| 2025 | 8.07% | 4.67% | 1.07x | 1.62x | zł-549.80K |
Industry Comparison
This section compares Caspar's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $141,425,535
- Average return on equity (ROE) among peers: 15.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caspar (CSR) | zł35.08 Million | 13.27% | 0.32x | $19.00 Million |
| Magna Polonia SA (06N) | $101.76 Million | 3.72% | 0.10x | $8.89 Million |
| Alta S.A. (AAT) | $188.35 Million | 8.86% | 0.01x | $7.23 Million |
| Altustfi (ALI) | $203.53 Million | 17.76% | 0.08x | $40.09 Million |
| Capital Partners S.A. (CPA) | $617.16K | -137.69% | 0.22x | $11.89 Million |
| One SA (FMG) | $10.78 Million | 248.53% | 9.02x | $5.33 Million |
| Immobile (GKI) | $146.40 Million | 0.57% | 0.67x | $97.77 Million |
| Impera Capital S.A. (IMP) | $15.76 Million | -10.67% | 0.05x | $3.06 Million |
| JR Invest SA (JRH) | $33.42 Million | 1.28% | 0.11x | $49.07 Million |
| MCI Management SA (MCI) | $572.21 Million | 7.27% | 0.36x | $410.04 Million |
About Caspar
Caspar Asset Management S.A. provides asset management services to individual and institutional clients in Poland. The company also offers closed-end investment fund. In addition, it provides open-end investment funds; Caspar treasury bonds, Caspar bonds universal, Caspar market compass, Caspar shares global megatrends, and Caspar shares of world leaders; and individual retirement and pension sec… Read more