Erbud SA (ERB) - Net Assets
Based on the latest financial reports, Erbud SA (ERB) has net assets worth zł552.34 Million PLN (≈ $152.01 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 (zł1.92 Billion ≈ $529.77 Million USD) and total liabilities (zł1.37 Billion ≈ $377.76 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 tangible equity quality of Erbud SA to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł552.34 Million |
| % of Total Assets | 28.69% |
| Annual Growth Rate | 5.73% |
| 5-Year Change | -16.36% |
| 10-Year Change | 119.59% |
| Growth Volatility | 28.74 |
Erbud SA - Net Assets Trend (2007–2025)
This chart illustrates how Erbud SA's net assets have evolved over time, based on quarterly financial data. See Erbud SA liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Erbud SA (2007–2025)
The table below shows the annual net assets of Erbud SA from 2007 to 2025. For live valuation and market cap data, see Erbud SA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł572.71 Million ≈ $157.62 Million |
-8.95% |
| 2024-12-31 | zł629.01 Million ≈ $173.11 Million |
-6.81% |
| 2023-12-31 | zł674.95 Million ≈ $185.75 Million |
+1.42% |
| 2022-12-31 | zł665.48 Million ≈ $183.15 Million |
-2.81% |
| 2021-12-31 | zł684.73 Million ≈ $188.45 Million |
+120.53% |
| 2020-12-31 | zł310.49 Million ≈ $85.45 Million |
+12.98% |
| 2019-12-31 | zł274.82 Million ≈ $75.63 Million |
+14.07% |
| 2018-12-31 | zł240.91 Million ≈ $66.30 Million |
-15.72% |
| 2017-12-31 | zł285.86 Million ≈ $78.67 Million |
+9.61% |
| 2016-12-31 | zł260.81 Million ≈ $71.78 Million |
-17.41% |
| 2015-12-31 | zł315.79 Million ≈ $86.91 Million |
+9.83% |
| 2014-12-31 | zł287.53 Million ≈ $79.13 Million |
+7.70% |
| 2013-12-31 | zł266.97 Million ≈ $73.47 Million |
+6.17% |
| 2012-12-31 | zł251.44 Million ≈ $69.20 Million |
+9.11% |
| 2011-12-31 | zł230.45 Million ≈ $63.42 Million |
-7.29% |
| 2010-12-31 | zł248.58 Million ≈ $68.41 Million |
+4.25% |
| 2009-12-31 | zł238.44 Million ≈ $65.62 Million |
+7.79% |
| 2008-12-31 | zł221.22 Million ≈ $60.88 Million |
+5.37% |
| 2007-12-31 | zł209.94 Million ≈ $57.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Erbud 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 3918800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł39.19 Million | 9.09% |
| Other Components | zł392.06 Million | 90.91% |
| Total Equity | zł431.25 Million | 100.00% |
Erbud SA Competitors by Market Cap
The table below lists competitors of Erbud SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BEML LAND ASSETS LTD
NSE:BLAL
|
$83.08 Million |
|
Les Docks des Pétroles d-Ambès - SA
PA:DPAM
|
$83.13 Million |
|
KPS Corporation
KQ:256940
|
$83.14 Million |
|
Polaris Office Corp
KQ:041020
|
$83.18 Million |
|
Brii Biosciences Limited
F:7SS
|
$83.05 Million |
|
Tripar Multivision Plus
JK:RAAM
|
$83.04 Million |
|
Auburn National Bancorporation Inc
NASDAQ:AUBN
|
$83.03 Million |
|
SUN KWANG CO.Ltd
KQ:003100
|
$83.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erbud SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 486,554,000 to 431,248,000, a change of -55,306,000 (-11.4%).
- Net loss of 35,754,000 reduced equity.
- Dividend payments of 26,691,000 reduced retained earnings.
- Other comprehensive income decreased equity by 104,905,000.
- Other factors increased equity by 112,044,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-35.75 Million | -8.29% |
| Dividends Paid | zł26.69 Million | -6.19% |
| Other Comprehensive Income | zł-104.91 Million | -24.33% |
| Other Changes | zł112.04 Million | +25.98% |
| Total Change | zł- | -11.37% |
Book Value vs Market Value Analysis
This analysis compares Erbud 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: 0.70x
- 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 1.54x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | zł16.43 | zł25.30 | x |
| 2008-12-31 | zł16.02 | zł25.30 | x |
| 2009-12-31 | zł18.74 | zł25.30 | x |
| 2010-12-31 | zł18.90 | zł25.30 | x |
| 2011-12-31 | zł17.47 | zł25.30 | x |
| 2012-12-31 | zł18.70 | zł25.30 | x |
| 2013-12-31 | zł20.03 | zł25.30 | x |
| 2014-12-31 | zł21.49 | zł25.30 | x |
| 2015-12-31 | zł23.33 | zł25.30 | x |
| 2016-12-31 | zł19.64 | zł25.30 | x |
| 2017-12-31 | zł21.53 | zł25.30 | x |
| 2018-12-31 | zł18.20 | zł25.30 | x |
| 2019-12-31 | zł20.82 | zł25.30 | x |
| 2020-12-31 | zł23.56 | zł25.30 | x |
| 2021-12-31 | zł44.94 | zł25.30 | x |
| 2022-12-31 | zł45.04 | zł25.30 | x |
| 2023-12-31 | zł45.06 | zł25.30 | x |
| 2024-12-31 | zł40.78 | zł25.30 | x |
| 2025-12-31 | zł36.15 | zł25.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erbud 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): -8.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.10%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 4.61x
- Recent ROE (-8.29%) is below the historical average (4.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 16.54% | 4.80% | 1.35x | 2.55x | zł12.59 Million |
| 2008 | 5.20% | 1.00% | 1.61x | 3.22x | zł-9.66 Million |
| 2009 | 18.08% | 4.46% | 1.57x | 2.58x | zł19.03 Million |
| 2010 | 5.08% | 1.10% | 1.77x | 2.61x | zł-11.77 Million |
| 2011 | -9.23% | -1.33% | 1.97x | 3.51x | zł-42.40 Million |
| 2012 | 7.25% | 1.24% | 1.69x | 3.45x | zł-6.54 Million |
| 2013 | 6.75% | 1.41% | 1.54x | 3.12x | zł-8.30 Million |
| 2014 | 9.63% | 1.56% | 1.61x | 3.83x | zł-1.00 Million |
| 2015 | 9.32% | 1.58% | 1.60x | 3.68x | zł-2.04 Million |
| 2016 | 0.71% | 0.10% | 1.89x | 3.76x | zł-23.38 Million |
| 2017 | 8.18% | 1.25% | 1.92x | 3.42x | zł-5.02 Million |
| 2018 | -8.74% | -0.87% | 2.12x | 4.71x | zł-43.70 Million |
| 2019 | 12.61% | 1.45% | 1.97x | 4.40x | zł6.97 Million |
| 2020 | 15.50% | 2.09% | 1.86x | 3.99x | zł16.56 Million |
| 2021 | 1.59% | 0.28% | 1.69x | 3.32x | zł-46.50 Million |
| 2022 | 1.53% | 0.22% | 1.91x | 3.73x | zł-45.80 Million |
| 2023 | 1.86% | 0.31% | 1.64x | 3.67x | zł-43.75 Million |
| 2024 | -5.93% | -0.97% | 1.47x | 4.17x | zł-77.51 Million |
| 2025 | -8.29% | -1.10% | 1.64x | 4.61x | zł-78.88 Million |
Industry Comparison
This section compares Erbud SA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $180,060,631
- Average return on equity (ROE) among peers: 12.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Erbud SA (ERB) | zł552.34 Million | 16.54% | 2.49x | $83.07 Million |
| Atrem S.A. (ATR) | $29.67 Million | -26.78% | 1.63x | $147.08 Million |
| Budimex S.A. (BDX) | $645.17 Million | 46.57% | 4.71x | $5.06 Billion |
| Dekpol SA (DEK) | $58.10 Million | 29.19% | 2.00x | $155.12 Million |
| Energoaparatura S.A. (ENP) | $18.34 Million | 5.73% | 0.67x | $19.17 Million |
| INSTAL KRAKÓW SA (INK) | $202.22 Million | 4.84% | 0.98x | $75.99 Million |
| Interbud-Lublin SA (ITB) | $50.02 Million | 20.98% | 2.07x | $4.89 Million |
| Mirbud SA (MRB) | $355.87 Million | 6.41% | 1.82x | $333.29 Million |
| MOSTOSTAL Płock SA (MSP) | $56.96 Million | 23.68% | 0.65x | $6.55 Million |
| Mostostal Warszawa S.A. (MSW) | $204.19 Million | 4.71% | 1.43x | $20.59 Million |
About Erbud SA
Erbud S.A., together with its subsidiaries, engages in the construction business in Poland and internationally. It constructs hotels, office buildings, schools, housing, shopping centers, hospitals, apartments, public utility facilities, and industrial facilities. The company engages in designing and construction of renewable energy, including solar and wind farm; and offers operation and mainten… Read more