Larq SA
Larq S.A. provides custom outdoor advertising services in Poland. The company designs, produces, and implements marketing campaigns, which include out-of-home media, modern urban media systems, and event marketing; and operates advertising space in the underpasses. It is also involved in automating marketing and sales processes through SaaS for residential developers, car dealers, and online stor… Read more
Larq SA (LRQ) - Net Assets
Latest net assets as of September 2025: zł66.28 Million PLN
Based on the latest financial reports, Larq SA (LRQ) has net assets worth zł66.28 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 (zł79.14 Million) and total liabilities (zł12.86 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 | zł66.28 Million |
| % of Total Assets | 83.75% |
| Annual Growth Rate | 3.66% |
| 5-Year Change | -0.64% |
| 10-Year Change | 219.04% |
| Growth Volatility | 120.78 |
Larq SA - Net Assets Trend (2008–2024)
This chart illustrates how Larq 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 Larq SA (2008–2024)
The table below shows the annual net assets of Larq SA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł51.06 Million | -5.45% |
| 2023-12-31 | zł54.01 Million | +31.75% |
| 2022-12-31 | zł40.99 Million | -4.40% |
| 2021-12-31 | zł42.88 Million | -16.57% |
| 2020-12-31 | zł51.39 Million | -44.15% |
| 2019-12-31 | zł92.01 Million | -23.75% |
| 2018-12-31 | zł120.67 Million | -11.56% |
| 2017-12-31 | zł136.44 Million | +45.55% |
| 2016-12-31 | zł93.74 Million | +485.72% |
| 2015-12-31 | zł16.00 Million | -36.22% |
| 2014-12-31 | zł25.09 Million | +1.84% |
| 2013-12-31 | zł24.64 Million | -24.35% |
| 2012-12-31 | zł32.57 Million | +4.35% |
| 2011-12-31 | zł31.21 Million | -3.10% |
| 2010-12-31 | zł32.21 Million | +4.77% |
| 2009-12-31 | zł30.74 Million | +6.94% |
| 2008-12-31 | zł28.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Larq 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 269.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł41.17 Million | 80.63% |
| Common Stock | zł1.33 Million | 2.61% |
| Other Comprehensive Income | zł5.87 Million | 11.50% |
| Other Components | zł2.69 Million | 5.26% |
| Total Equity | zł51.06 Million | 100.00% |
Larq SA Competitors by Market Cap
The table below lists competitors of Larq SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aakash Exploration Services Limited
NSE:AAKASH
|
$3.38 Million |
|
Beardsell Limited
NSE:BEARDSELL
|
$3.38 Million |
|
Bowen Acquisition Corp Ordinary Shares
NASDAQ:BOWN
|
$3.38 Million |
|
Brand 24 SA
WAR:B24
|
$3.38 Million |
|
FLYNN Gold Ltd
AU:FG1
|
$3.37 Million |
|
Spine Injury Solutions Inc
BATS:SPIN
|
$3.37 Million |
|
374WATER INC. DL-0001
F:8LL
|
$3.37 Million |
|
Top Group Software Ltd
TA:TOPG
|
$3.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Larq SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,005,794 to 51,060,913, a change of -2,944,881 (-5.5%).
- Net loss of 6,074,356 reduced equity.
- New share issuances of 32,834 increased equity.
- Other comprehensive income increased equity by 3,111,642.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-6.07 Million | -11.9% |
| Share Issuances | zł32.83K | +0.06% |
| Other Comprehensive Income | zł3.11 Million | +6.09% |
| Other Changes | zł-15.00K | -0.03% |
| Total Change | zł- | -5.45% |
Book Value vs Market Value Analysis
This analysis compares Larq 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: 0.53x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł3.95 | zł2.06 | x |
| 2009-12-31 | zł4.15 | zł2.06 | x |
| 2010-12-31 | zł4.39 | zł2.06 | x |
| 2011-12-31 | zł4.28 | zł2.06 | x |
| 2012-12-31 | zł4.41 | zł2.06 | x |
| 2013-12-31 | zł3.35 | zł2.06 | x |
| 2014-12-31 | zł3.38 | zł2.06 | x |
| 2015-12-31 | zł2.05 | zł2.06 | x |
| 2016-12-31 | zł12.78 | zł2.06 | x |
| 2017-12-31 | zł17.79 | zł2.06 | x |
| 2018-12-31 | zł15.38 | zł2.06 | x |
| 2019-12-31 | zł11.50 | zł2.06 | x |
| 2020-12-31 | zł6.02 | zł2.06 | x |
| 2021-12-31 | zł4.34 | zł2.06 | x |
| 2022-12-31 | zł3.18 | zł2.06 | x |
| 2023-12-31 | zł4.16 | zł2.06 | x |
| 2024-12-31 | zł3.86 | zł2.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Larq 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): -11.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1451.88%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.26x
- Recent ROE (-11.90%) is below the historical average (-9.97%), 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 | 18.82% | 12.22% | 1.15x | 1.34x | zł2.54 Million |
| 2009 | 1.53% | 1.10% | 0.97x | 1.43x | zł-2.56 Million |
| 2010 | 2.58% | 1.33% | 1.28x | 1.52x | zł-2.38 Million |
| 2011 | -3.14% | -1.72% | 1.15x | 1.58x | zł-4.10 Million |
| 2012 | 3.20% | 1.72% | 1.06x | 1.74x | zł-2.19 Million |
| 2013 | -30.19% | -17.80% | 0.90x | 1.88x | zł-9.80 Million |
| 2014 | -1.20% | -0.56% | 0.89x | 2.39x | zł-2.75 Million |
| 2015 | -70.11% | -23.31% | 0.89x | 3.39x | zł-11.69 Million |
| 2016 | 34.30% | 618.78% | 0.05x | 1.09x | zł22.78 Million |
| 2017 | 24.32% | 834.93% | 0.03x | 1.12x | zł19.54 Million |
| 2018 | -10.92% | -2923.08% | 0.00x | 1.12x | zł-25.24 Million |
| 2019 | -31.22% | -8956.84% | 0.00x | 1.13x | zł-37.93 Million |
| 2020 | -86.81% | -14302.63% | 0.01x | 1.15x | zł-49.75 Million |
| 2021 | -19.86% | -2618.39% | 0.01x | 1.18x | zł-12.80 Million |
| 2022 | -12.40% | -1641.68% | 0.01x | 1.26x | zł-9.18 Million |
| 2023 | 23.44% | 3550.14% | 0.01x | 1.18x | zł7.26 Million |
| 2024 | -11.90% | -1451.88% | 0.01x | 1.26x | zł-11.18 Million |
Industry Comparison
This section compares Larq SA's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $157,297,854
- Average return on equity (ROE) among peers: 8.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Larq SA (LRQ) | zł66.28 Million | 18.82% | 0.19x | $3.37 Million |
| Digitree Group S.A (DTR) | $21.35 Million | -6.33% | 0.81x | $3.32 Million |
| IMS SA (IMS) | $30.62 Million | 23.24% | 1.42x | $6.26 Million |
| Wirtualna Polska Holding SA (WPL) | $419.93 Million | 8.41% | 1.13x | $234.68 Million |