INC S.A.
INC S.A. engages in the provision of investment and advisory services to small and medium-sized enterprises, and local government units in Poland. The company was formerly known as INVESTcon GROUP Spólka Akcyjna and changed its name to INC S.A. in February 2014. INC S.A. was founded in 1995 and is headquartered in Poznan, Poland.
INC S.A. (INC) - Net Assets
Latest net assets as of September 2025: zł19.86 Million PLN
Based on the latest financial reports, INC S.A. (INC) has net assets worth zł19.86 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 (zł25.95 Million) and total liabilities (zł6.08 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 | zł19.86 Million |
| % of Total Assets | 76.55% |
| Annual Growth Rate | -5.14% |
| 5-Year Change | -49.46% |
| 10-Year Change | -43.31% |
| Growth Volatility | 25.63 |
INC S.A. - Net Assets Trend (2008–2024)
This chart illustrates how INC 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 INC S.A. (2008–2024)
The table below shows the annual net assets of INC S.A. from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł18.60 Million | -25.61% |
| 2023-12-31 | zł25.01 Million | -19.97% |
| 2022-12-31 | zł31.25 Million | -25.40% |
| 2021-12-31 | zł41.88 Million | +13.79% |
| 2020-12-31 | zł36.81 Million | +62.34% |
| 2019-12-31 | zł22.68 Million | -2.38% |
| 2018-12-31 | zł23.23 Million | -14.85% |
| 2017-12-31 | zł27.28 Million | -10.01% |
| 2016-12-31 | zł30.31 Million | -7.61% |
| 2015-12-31 | zł32.81 Million | +15.45% |
| 2014-12-31 | zł28.42 Million | -19.93% |
| 2013-12-31 | zł35.49 Million | +27.73% |
| 2012-12-31 | zł27.79 Million | -8.28% |
| 2011-12-31 | zł30.30 Million | -44.20% |
| 2010-12-31 | zł54.29 Million | +31.11% |
| 2009-12-31 | zł41.41 Million | -4.36% |
| 2008-12-31 | zł43.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to INC 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 decreased by 520.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł1.50 Million | 11.26% |
| Other Comprehensive Income | zł11.94 Million | 89.39% |
| Other Components | zł4.20 Million | 31.42% |
| Total Equity | zł13.35 Million | 100.00% |
INC S.A. Competitors by Market Cap
The table below lists competitors of INC S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carlton Precious Inc.
V:CPI
|
$5.76 Million |
|
Totally Hip Technologies Inc
V:THP
|
$5.76 Million |
|
TRINSEO PLC EO -01
F:3XD
|
$5.76 Million |
|
CGE Transmision S.A.
SN:CGET
|
$5.76 Million |
|
Huntwicke Capital Group Inc
PINK:HCGI
|
$5.75 Million |
|
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S.
IS:OBASE
|
$5.75 Million |
|
Oncosil Medical Ltd
AU:OSL
|
$5.75 Million |
|
PEZM Gold Inc
V:PEZM-H
|
$5.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INC S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,215,000 to 13,352,000, a change of -3,863,000 (-22.4%).
- Net loss of 3,843,000 reduced equity.
- Dividend payments of 8,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-3.84 Million | -28.78% |
| Dividends Paid | zł8.00K | -0.06% |
| Other Changes | zł-12.00K | -0.09% |
| Total Change | zł- | -22.44% |
Book Value vs Market Value Analysis
This analysis compares INC 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: 2.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.41x to 2.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł5.08 | zł2.08 | x |
| 2009-12-31 | zł5.00 | zł2.08 | x |
| 2010-12-31 | zł6.61 | zł2.08 | x |
| 2011-12-31 | zł3.63 | zł2.08 | x |
| 2012-12-31 | zł3.33 | zł2.08 | x |
| 2013-12-31 | zł4.25 | zł2.08 | x |
| 2014-12-31 | zł3.33 | zł2.08 | x |
| 2015-12-31 | zł3.17 | zł2.08 | x |
| 2016-12-31 | zł2.82 | zł2.08 | x |
| 2017-12-31 | zł2.33 | zł2.08 | x |
| 2018-12-31 | zł1.83 | zł2.08 | x |
| 2019-12-31 | zł1.89 | zł2.08 | x |
| 2020-12-31 | zł2.27 | zł2.08 | x |
| 2021-12-31 | zł2.65 | zł2.08 | x |
| 2022-12-31 | zł1.81 | zł2.08 | x |
| 2023-12-31 | zł1.24 | zł2.08 | x |
| 2024-12-31 | zł0.89 | zł2.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INC 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): -28.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -55.03%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.50x
- Recent ROE (-28.78%) is below the historical average (-5.16%), 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 | 2.36% | 11.55% | 0.13x | 1.55x | zł-2.89 Million |
| 2009 | 20.57% | 109.29% | 0.17x | 1.08x | zł4.34 Million |
| 2010 | 24.39% | 455.26% | 0.05x | 1.15x | zł7.81 Million |
| 2011 | -80.91% | -427.82% | 0.18x | 1.08x | zł-27.54 Million |
| 2012 | -8.56% | -39.43% | 0.20x | 1.07x | zł-5.16 Million |
| 2013 | 22.64% | 216.16% | 0.09x | 1.12x | zł4.49 Million |
| 2014 | -39.80% | -451.16% | 0.08x | 1.11x | zł-13.84 Million |
| 2015 | 1.83% | 46.40% | 0.03x | 1.38x | zł-2.16 Million |
| 2016 | -10.80% | -116.38% | 0.07x | 1.37x | zł-4.89 Million |
| 2017 | -17.48% | -98.87% | 0.11x | 1.55x | zł-5.35 Million |
| 2018 | -31.12% | -121.71% | 0.14x | 1.78x | zł-6.29 Million |
| 2019 | -5.48% | -22.93% | 0.13x | 1.84x | zł-2.39 Million |
| 2020 | 44.15% | 88.62% | 0.32x | 1.55x | zł9.21 Million |
| 2021 | 17.20% | 56.22% | 0.18x | 1.66x | zł2.26 Million |
| 2022 | 47.74% | 293.17% | 0.09x | 1.76x | zł8.31 Million |
| 2023 | -45.61% | -179.57% | 0.14x | 1.79x | zł-9.57 Million |
| 2024 | -28.78% | -55.03% | 0.21x | 2.50x | zł-5.18 Million |
Industry Comparison
This section compares INC S.A.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $122,073,056
- Average return on equity (ROE) among peers: 1.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INC S.A. (INC) | zł19.86 Million | 2.36% | 0.31x | $5.76 Million |
| Dom Maklerski IDM SA (IDM) | $-850.62K | 0.00% | 0.00x | $4.17 Million |
| Ipopema Securities SA (IPE) | $116.16 Million | 11.28% | 2.62x | $21.49 Million |
| New Tech Capital S.A. (NTC) | $15.78 Million | 1.56% | 0.54x | $960.78K |
| Novavis Group SA (NVG) | $5.55 Million | -31.77% | 5.14x | $2.99 Million |
| Reino Capital SA (RNC) | $52.04 Million | 10.77% | 0.32x | $5.53 Million |
| X Trade Brokers Dom Maklerski SA (XTB) | $543.76 Million | 15.07% | 0.02x | $1.50 Billion |