Lokum Deweloper SA (LKD) - Net Assets
Based on the latest financial reports, Lokum Deweloper SA (LKD) has net assets worth zł556.36 Million PLN (≈ $153.12 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł838.01 Million ≈ $230.63 Million USD) and total liabilities (zł281.65 Million ≈ $77.52 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 how strategically is Lokum Deweloper SA's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł556.36 Million |
| % of Total Assets | 66.39% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | 37.4% |
| 10-Year Change | 128.98% |
| Growth Volatility | 11.8 |
Lokum Deweloper SA - Net Assets Trend (2012–2025)
This chart illustrates how Lokum Deweloper SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Lokum Deweloper SA stock valuation.
Annual Net Assets for Lokum Deweloper SA (2012–2025)
The table below shows the annual net assets of Lokum Deweloper SA from 2012 to 2025. Also explore net asset growth rate of Lokum Deweloper SA to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł556.36 Million ≈ $153.12 Million |
+4.77% |
| 2024-12-31 | zł531.01 Million ≈ $146.14 Million |
-1.95% |
| 2023-12-31 | zł541.56 Million ≈ $149.05 Million |
+25.75% |
| 2022-12-31 | zł430.68 Million ≈ $118.53 Million |
+6.36% |
| 2021-12-31 | zł404.93 Million ≈ $111.44 Million |
+13.45% |
| 2020-12-31 | zł356.94 Million ≈ $98.23 Million |
-2.83% |
| 2019-12-31 | zł367.33 Million ≈ $101.10 Million |
+5.06% |
| 2018-12-31 | zł349.64 Million ≈ $96.23 Million |
+17.60% |
| 2017-12-31 | zł297.31 Million ≈ $81.82 Million |
+22.36% |
| 2016-12-31 | zł242.97 Million ≈ $66.87 Million |
+15.70% |
| 2015-12-31 | zł210.00 Million ≈ $57.80 Million |
+41.47% |
| 2014-12-31 | zł148.44 Million ≈ $40.85 Million |
+20.15% |
| 2013-12-31 | zł123.55 Million ≈ $34.00 Million |
+19.96% |
| 2012-12-31 | zł102.99 Million ≈ $28.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lokum Deweloper 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 518.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł430.38 Million | 77.36% |
| Other Components | zł125.97 Million | 22.64% |
| Total Equity | zł556.35 Million | 100.00% |
Lokum Deweloper SA Competitors by Market Cap
The table below lists competitors of Lokum Deweloper SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DMS Co.Ltd
KQ:068790
|
$109.00 Million |
|
YONGHE MED.GR.DL-0000025
F:L97
|
$109.02 Million |
|
Aroot Co. Ltd
KQ:096690
|
$109.05 Million |
|
Payton -L
TA:PAYT
|
$109.06 Million |
|
Evertop Wire Cable Corp
TW:1616
|
$108.95 Million |
|
Interojo Inc
KQ:119610
|
$108.94 Million |
|
Meiloon Industrial Co Ltd
TW:2477
|
$108.91 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$108.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lokum Deweloper SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 533,193,000 to 556,350,000, a change of 23,157,000 (4.3%).
- Net income of 33,413,000 contributed positively to equity growth.
- Dividend payments of 10,919,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł33.41 Million | +6.01% |
| Dividends Paid | zł10.92 Million | -1.96% |
| Other Changes | zł663.00K | +0.12% |
| Total Change | zł- | 4.34% |
Book Value vs Market Value Analysis
This analysis compares Lokum Deweloper 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: 0.71x
- 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 3.26x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | zł6.76 | zł22.00 | x |
| 2013-12-31 | zł8.10 | zł22.00 | x |
| 2014-12-31 | zł9.69 | zł22.00 | x |
| 2015-12-31 | zł13.76 | zł22.00 | x |
| 2016-12-31 | zł13.42 | zł22.00 | x |
| 2017-12-31 | zł16.60 | zł22.00 | x |
| 2018-12-31 | zł19.34 | zł22.00 | x |
| 2019-12-31 | zł20.38 | zł22.00 | x |
| 2020-12-31 | zł20.00 | zł22.00 | x |
| 2021-12-31 | zł22.57 | zł22.00 | x |
| 2022-12-31 | zł23.89 | zł22.00 | x |
| 2023-12-31 | zł30.00 | zł22.00 | x |
| 2024-12-31 | zł29.62 | zł22.00 | x |
| 2025-12-31 | zł30.91 | zł22.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lokum Deweloper 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): 6.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.41%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.51x
- Recent ROE (6.01%) is below the historical average (14.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.56% | 11.48% | 0.54x | 1.56x | zł-449.30K |
| 2013 | 16.77% | 20.26% | 0.58x | 1.43x | zł8.22 Million |
| 2014 | 16.39% | 18.79% | 0.64x | 1.37x | zł9.28 Million |
| 2015 | 16.41% | 26.66% | 0.41x | 1.50x | zł13.46 Million |
| 2016 | 17.73% | 22.62% | 0.49x | 1.60x | zł18.67 Million |
| 2017 | 23.89% | 32.28% | 0.39x | 1.91x | zł41.52 Million |
| 2018 | 18.48% | 19.95% | 0.44x | 2.09x | zł29.51 Million |
| 2019 | 14.92% | 19.15% | 0.42x | 1.88x | zł18.06 Million |
| 2020 | 4.80% | 9.04% | 0.26x | 2.06x | zł-18.72 Million |
| 2021 | 13.68% | 17.94% | 0.37x | 2.08x | zł14.96 Million |
| 2022 | 13.32% | 15.62% | 0.46x | 1.87x | zł14.28 Million |
| 2023 | 25.56% | 30.58% | 0.54x | 1.55x | zł84.01 Million |
| 2024 | 6.40% | 18.03% | 0.27x | 1.31x | zł-19.19 Million |
| 2025 | 6.01% | 31.41% | 0.13x | 1.51x | zł-22.22 Million |
Industry Comparison
This section compares Lokum Deweloper SA's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $680,554,889
- Average return on equity (ROE) among peers: 11.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lokum Deweloper SA (LKD) | zł556.36 Million | 9.56% | 0.51x | $108.98 Million |
| Atal SA (1AT) | $1.30 Billion | 28.29% | 1.44x | $710.78 Million |
| Archicom S.A. (ARH) | $491.05 Million | 10.79% | 1.39x | $801.73 Million |
| BBI Development S.A. (BBD) | $263.87 Million | 0.84% | 1.14x | $14.58 Million |
| Cavatina Holding S.A. (CAV) | $529.57 Million | 30.09% | 1.89x | $90.97 Million |
| Czerwona Torebka (CZT) | $787.95 Million | -6.06% | 0.41x | $16.52 Million |
| Dom Development S.A. (DOM) | $929.46 Million | 13.52% | 1.13x | $1.62 Billion |
| Develia S.A (DVL) | $1.03 Billion | 5.93% | 0.42x | $1.27 Billion |
| Inpro SA (INP) | $388.32 Million | 16.23% | 0.77x | $80.44 Million |
| KCI SA (KCI) | $399.60 Million | 5.31% | 0.47x | $16.87 Million |
About Lokum Deweloper SA
Lokum Deweloper S.A. develops and sells residential and commercial properties in Poland. It develops flats, apartments, and commercial and service premises. The company was founded in 2004 and is based in Wroclaw, Poland.