Noble Financials SA
WISE Finance S.A. provides consulting services in real estate sector in Poland. It also offers financial services. The company was formerly known as Noble Financials S.A. and changed its name to WISE Finance S.A. in March 2023. The company was incorporated in 2008 and is headquartered in Warsaw, Poland. WISE Finance S.A. is a subsidiary of Righteight Holdings Limited.
Noble Financials SA (IBS) - Net Assets
Latest net assets as of September 2025: zł40.46 Million PLN
Based on the latest financial reports, Noble Financials SA (IBS) has net assets worth zł40.46 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł107.64 Million) and total liabilities (zł67.18 Million). 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 | zł40.46 Million |
| % of Total Assets | 37.59% |
| Annual Growth Rate | 1.55% |
| 5-Year Change | N/A |
| 10-Year Change | 412.16% |
| Growth Volatility | 310.91 |
Noble Financials SA - Net Assets Trend (2009–2024)
This chart illustrates how Noble Financials 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 Noble Financials SA (2009–2024)
The table below shows the annual net assets of Noble Financials SA from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł41.14 Million | -1.24% |
| 2023-12-31 | zł41.66 Million | +45.42% |
| 2022-12-31 | zł28.65 Million | +423.75% |
| 2021-12-31 | zł5.47 Million | +115.81% |
| 2020-12-31 | zł-34.61 Million | -199.12% |
| 2019-12-31 | zł-11.57 Million | +24.71% |
| 2018-12-31 | zł-15.37 Million | +77.71% |
| 2017-12-31 | zł-68.94 Million | -329.49% |
| 2016-12-31 | zł-16.05 Million | -299.83% |
| 2015-12-31 | zł8.03 Million | +81.74% |
| 2014-12-31 | zł4.42 Million | -98.80% |
| 2013-12-31 | zł367.69 Million | +9.20% |
| 2012-12-31 | zł336.73 Million | -2.64% |
| 2011-12-31 | zł345.88 Million | +888.52% |
| 2010-12-31 | zł34.99 Million | +7.11% |
| 2009-12-31 | zł32.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noble Financials 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 decreased by 1368.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł77.36 Million | 188.02% |
| Other Comprehensive Income | zł9.89 Million | 24.05% |
| Other Components | zł1.00 | 0.00% |
| Total Equity | zł41.14 Million | 100.00% |
Noble Financials SA Competitors by Market Cap
The table below lists competitors of Noble Financials SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Piche Resources Ltd
AU:PR2
|
$3.39 Million |
|
WF Holding Limited Ordinary Shares
NASDAQ:WFF
|
$3.39 Million |
|
Dominion Minerals Ltd
AU:DLM
|
$3.39 Million |
|
Ecolomondo Corporation
OTCQB:ECLMF
|
$3.39 Million |
|
GPM Metals Inc
PINK:GPMTF
|
$3.39 Million |
|
PT Selaras Citra Nusantara Perkasa Tbk
JK:SCNP
|
$3.38 Million |
|
Tiv Taam
TA:TTAM
|
$3.38 Million |
|
Matichon Public Company Limited
BK:MATI
|
$3.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noble Financials SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,660,000 to 41,142,000, a change of -518,000 (-1.2%).
- Net income of 2,463,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,170,000.
- Other factors decreased equity by 4,151,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł2.46 Million | +5.99% |
| Other Comprehensive Income | zł1.17 Million | +2.84% |
| Other Changes | zł-4.15 Million | -10.09% |
| Total Change | zł- | -1.24% |
Book Value vs Market Value Analysis
This analysis compares Noble Financials 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 increased from 0.23x to 0.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | zł326.11 | zł74.80 | x |
| 2010-12-31 | zł346.51 | zł74.80 | x |
| 2011-12-31 | zł1117.47 | zł74.80 | x |
| 2012-12-31 | zł1087.91 | zł74.80 | x |
| 2013-12-31 | zł1160.34 | zł74.80 | x |
| 2014-12-31 | zł12.84 | zł74.80 | x |
| 2015-12-31 | zł23.00 | zł74.80 | x |
| 2016-12-31 | zł-45.96 | zł74.80 | x |
| 2017-12-31 | zł33.00 | zł74.80 | x |
| 2018-12-31 | zł-44.00 | zł74.80 | x |
| 2019-12-31 | zł-33.13 | zł74.80 | x |
| 2020-12-31 | zł-99.09 | zł74.80 | x |
| 2021-12-31 | zł15.45 | zł74.80 | x |
| 2022-12-31 | zł74.07 | zł74.80 | x |
| 2023-12-31 | zł107.71 | zł74.80 | x |
| 2024-12-31 | zł106.37 | zł74.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noble Financials 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): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.67%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.08x
- Recent ROE (5.99%) is above the historical average (-499.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -4.03% | -20.64% | 0.11x | 1.81x | zł-4.58 Million |
| 2010 | 6.60% | 27.30% | 0.02x | 12.66x | zł-1.19 Million |
| 2011 | 10.73% | 850.15% | 0.01x | 1.69x | zł2.52 Million |
| 2012 | 3.95% | 124.57% | 0.02x | 1.96x | zł-20.37 Million |
| 2013 | 10.74% | 44.59% | 0.14x | 1.69x | zł2.70 Million |
| 2014 | -9160.20% | -25163.52% | 0.01x | 36.16x | zł-405.32 Million |
| 2015 | 408.14% | 6946.19% | 0.01x | 5.74x | zł31.98 Million |
| 2016 | 0.00% | -2302.58% | 0.08x | 0.00x | zł-22.48 Million |
| 2017 | 21.59% | 1174.06% | 0.23x | 0.08x | zł1.34 Million |
| 2018 | 0.00% | -638.16% | 0.02x | 0.00x | zł-269.20K |
| 2019 | 0.00% | 34518.18% | 0.00x | 0.00x | zł4.95 Million |
| 2020 | 0.00% | -1151900.00% | 0.00x | 0.00x | zł-19.58 Million |
| 2021 | 595.58% | 847.50% | 0.09x | 7.45x | zł32.03 Million |
| 2022 | 80.91% | 122.94% | 0.22x | 3.06x | zł20.31 Million |
| 2023 | 31.23% | 78.23% | 0.14x | 2.94x | zł8.85 Million |
| 2024 | 5.99% | 14.67% | 0.13x | 3.08x | zł-1.65 Million |
Industry Comparison
This section compares Noble Financials SA's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $437,246,187
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noble Financials SA (IBS) | zł40.46 Million | -4.03% | 1.66x | $3.39 Million |
| NFI Octava SA (08N) | $52.49 Million | -8.96% | 0.47x | $1.46K |
| City Service SE (CTS) | $69.13 Million | 2.00% | 1.00x | $7.50 Million |
| Korporacja Gospodarcza efekt S.A (EFK) | $40.91 Million | 21.40% | 1.71x | $2.24 Million |
| Elkop SA (EKP) | $59.34 Million | 2.80% | 0.58x | $2.02 Million |
| Globe Trade Centre S.A. (GTC) | $463.59 Million | 25.21% | 0.94x | $112.62 Million |
| HM Inwest S.A. (HMI) | $25.16 Million | 11.73% | 2.09x | $103.24K |
| MLP Group S.A. (MLG) | $938.55 Million | 13.78% | 1.21x | $163.87 Million |
| Polski Holding Nieruchomości SA (PHN) | $2.30 Billion | 3.13% | 0.81x | $33.12 Million |
| Reinhold Europe AB (RHD) | $-13.06 Million | 0.00% | 0.00x | $1.28 Million |