Develia S.A
Develia S.A., through its subsidiaries, engages in real estate business in Poland. The company operates through Rental Services, Development Activity, and Holding Activity segments. Its portfolio includes retail, services, and office spaces. The company also engages in housing investment activities. The company was formerly known as LC Corp S.A. and changed its name to Develia S.A. in September 2… Read more
Develia S.A (DVL) - Net Assets
Latest net assets as of September 2025: zł1.78 Billion PLN
Based on the latest financial reports, Develia S.A (DVL) has net assets worth zł1.78 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 (zł5.02 Billion) and total liabilities (zł3.24 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 | zł1.78 Billion |
| % of Total Assets | 35.45% |
| Annual Growth Rate | 10.37% |
| 5-Year Change | 30.29% |
| 10-Year Change | 25.82% |
| Growth Volatility | 47.18 |
Develia S.A - Net Assets Trend (2006–2024)
This chart illustrates how Develia S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Develia S.A (2006–2024)
The table below shows the annual net assets of Develia S.A from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł1.72 Billion | +10.89% |
| 2023-12-31 | zł1.55 Billion | +7.91% |
| 2022-12-31 | zł1.43 Billion | +2.46% |
| 2021-12-31 | zł1.40 Billion | +6.27% |
| 2020-12-31 | zł1.32 Billion | -11.68% |
| 2019-12-31 | zł1.49 Billion | -0.38% |
| 2018-12-31 | zł1.50 Billion | +3.41% |
| 2017-12-31 | zł1.45 Billion | +3.74% |
| 2016-12-31 | zł1.40 Billion | +2.31% |
| 2015-12-31 | zł1.36 Billion | +8.72% |
| 2014-12-31 | zł1.26 Billion | +5.94% |
| 2013-12-31 | zł1.18 Billion | +9.79% |
| 2012-12-31 | zł1.08 Billion | +4.42% |
| 2011-12-31 | zł1.03 Billion | +6.38% |
| 2010-12-31 | zł971.42 Million | +5.49% |
| 2009-12-31 | zł920.87 Million | -6.97% |
| 2008-12-31 | zł989.83 Million | +10.28% |
| 2007-12-31 | zł897.57 Million | +208.57% |
| 2006-12-31 | zł290.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Develia S.A'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 38979400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł380.08 Million | 22.16% |
| Common Stock | zł457.68 Million | 26.68% |
| Other Comprehensive Income | zł481.81 Million | 28.09% |
| Other Components | zł395.72 Million | 23.07% |
| Total Equity | zł1.72 Billion | 100.00% |
Develia S.A Competitors by Market Cap
The table below lists competitors of Develia S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Expressway Company Limited
F:HU7
|
$1.04 Billion |
|
Amplifon S.p.A.
LSE:0N61
|
$1.04 Billion |
|
OEM INTERN.(POST SPLIT) B
F:OEA1
|
$1.04 Billion |
|
Helix Energy Solutions Group Inc
NYSE:HLX
|
$1.04 Billion |
|
Elgi Equipments Limited
NSE:ELGIEQUIP
|
$1.04 Billion |
|
Cibus Nordic Real Estate AB (publ)
ST:CIBUS
|
$1.04 Billion |
|
SCHOUW A/S DK 10
F:5RF
|
$1.04 Billion |
|
CP AXTRA PUBLIC THAI NVDR
BK:CPAXT-R
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Develia S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,546,858,000 to 1,715,291,000, a change of 168,433,000 (10.9%).
- Net income of 380,269,000 contributed positively to equity growth.
- Dividend payments of 226,140,000 reduced retained earnings.
- New share issuances of 9,179,000 increased equity.
- Other comprehensive income increased equity by 394,960,000.
- Other factors decreased equity by 389,835,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł380.27 Million | +22.17% |
| Dividends Paid | zł226.14 Million | -13.18% |
| Share Issuances | zł9.18 Million | +0.54% |
| Other Comprehensive Income | zł394.96 Million | +23.03% |
| Other Changes | zł-389.83 Million | -22.73% |
| Total Change | zł- | 10.89% |
Book Value vs Market Value Analysis
This analysis compares Develia S.A'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: 2.47x
- 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 12.00x to 2.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | zł0.78 | zł9.34 | x |
| 2007-12-31 | zł2.28 | zł9.34 | x |
| 2008-12-31 | zł2.10 | zł9.34 | x |
| 2009-12-31 | zł2.00 | zł9.34 | x |
| 2010-12-31 | zł2.11 | zł9.34 | x |
| 2011-12-31 | zł2.25 | zł9.34 | x |
| 2012-12-31 | zł2.41 | zł9.34 | x |
| 2013-12-31 | zł2.65 | zł9.34 | x |
| 2014-12-31 | zł2.80 | zł9.34 | x |
| 2015-12-31 | zł3.05 | zł9.34 | x |
| 2016-12-31 | zł3.12 | zł9.34 | x |
| 2017-12-31 | zł3.24 | zł9.34 | x |
| 2018-12-31 | zł3.35 | zł9.34 | x |
| 2019-12-31 | zł3.33 | zł9.34 | x |
| 2020-12-31 | zł2.94 | zł9.34 | x |
| 2021-12-31 | zł3.13 | zł9.34 | x |
| 2022-12-31 | zł3.19 | zł9.34 | x |
| 2023-12-31 | zł3.45 | zł9.34 | x |
| 2024-12-31 | zł3.78 | zł9.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Develia S.A 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): 22.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.18%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.50x
- Recent ROE (22.17%) is above the historical average (7.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -1.90% | -92.59% | 0.01x | 1.76x | zł-34.60 Million |
| 2007 | 11.87% | 309.69% | 0.02x | 1.71x | zł16.75 Million |
| 2008 | 4.44% | 30.58% | 0.08x | 1.78x | zł-52.21 Million |
| 2009 | -4.90% | -38.51% | 0.09x | 1.46x | zł-133.26 Million |
| 2010 | 5.35% | 32.36% | 0.12x | 1.35x | zł-43.85 Million |
| 2011 | 6.10% | 41.79% | 0.10x | 1.46x | zł-39.21 Million |
| 2012 | 6.42% | 39.27% | 0.11x | 1.55x | zł-38.63 Million |
| 2013 | 6.21% | 35.18% | 0.09x | 2.04x | zł-44.88 Million |
| 2014 | 6.08% | 21.27% | 0.14x | 2.10x | zł-49.20 Million |
| 2015 | 7.98% | 24.21% | 0.16x | 2.12x | zł-27.53 Million |
| 2016 | 8.10% | 20.68% | 0.17x | 2.29x | zł-26.49 Million |
| 2017 | 5.54% | 11.36% | 0.21x | 2.28x | zł-64.60 Million |
| 2018 | 10.71% | 20.13% | 0.22x | 2.39x | zł10.60 Million |
| 2019 | 7.87% | 14.33% | 0.25x | 2.17x | zł-31.83 Million |
| 2020 | -10.53% | -26.84% | 0.18x | 2.14x | zł-270.58 Million |
| 2021 | 10.99% | 16.88% | 0.28x | 2.32x | zł13.91 Million |
| 2022 | 16.18% | 21.63% | 0.36x | 2.07x | zł88.24 Million |
| 2023 | 17.82% | 17.16% | 0.42x | 2.46x | zł120.94 Million |
| 2024 | 22.17% | 21.18% | 0.42x | 2.50x | zł208.74 Million |
Industry Comparison
This section compares Develia S.A's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $491,805,444
- Average return on equity (ROE) among peers: 16.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Develia S.A (DVL) | zł1.78 Billion | -1.90% | 1.82x | $1.04 Billion |
| Atal SA (1AT) | $857.27 Million | 23.41% | 1.18x | $138.50 Million |
| Archicom S.A. (ARH) | $631.25 Million | 19.95% | 1.14x | $172.29 Million |
| BBI Development SA (BBD) | $263.87 Million | 0.84% | 1.14x | $7.92 Million |
| Cavatina Holding S.A. (CAV) | $378.49 Million | 40.00% | 1.76x | $26.33 Million |
| Czerwona Torebka (CZT) | $512.97 Million | 10.79% | 0.27x | $494.63K |
| Dom Development S.A. (DOM) | $856.54 Million | 6.35% | 1.02x | $593.81 Million |
| Inpro SA (INP) | $228.82 Million | 10.88% | 0.61x | $26.50 Million |
| KCI SA (KCI) | $454.08 Million | 18.95% | 0.20x | $5.30 Million |
| Lokum Deweloper SA (LKD) | $242.97 Million | 17.62% | 0.59x | $12.64 Million |