Makarony Polskie S.A.
Makarony Polskie S.A., together with its subsidiaries, manufactures and sells pastas for various consumers in Poland. The company offers various pasta products, as well as jams and reserves; ready meals, pates, lards, preserves. It offers its products under the Makarony Polskie, Sorenti, Solare, Stoczek, Meska Rzecz, Tenczynek, Novelle, and So Food brand names. The company also exports its produc… Read more
Makarony Polskie S.A. (MAK) - Net Assets
Latest net assets as of September 2025: zł180.46 Million PLN
Based on the latest financial reports, Makarony Polskie S.A. (MAK) has net assets worth zł180.46 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 (zł247.84 Million) and total liabilities (zł67.38 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 | zł180.46 Million |
| % of Total Assets | 72.81% |
| Annual Growth Rate | 6.26% |
| 5-Year Change | 103.8% |
| 10-Year Change | 144.92% |
| Growth Volatility | 8.07 |
Makarony Polskie S.A. - Net Assets Trend (2007–2024)
This chart illustrates how Makarony Polskie 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 Makarony Polskie S.A. (2007–2024)
The table below shows the annual net assets of Makarony Polskie S.A. from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł173.64 Million | +16.32% |
| 2023-12-31 | zł149.28 Million | +21.45% |
| 2022-12-31 | zł122.91 Million | +20.91% |
| 2021-12-31 | zł101.65 Million | +19.31% |
| 2020-12-31 | zł85.20 Million | +6.52% |
| 2019-12-31 | zł79.99 Million | +1.47% |
| 2018-12-31 | zł78.83 Million | +3.70% |
| 2017-12-31 | zł76.02 Million | +4.40% |
| 2016-12-31 | zł72.82 Million | +2.71% |
| 2015-12-31 | zł70.90 Million | +5.09% |
| 2014-12-31 | zł67.46 Million | +6.40% |
| 2013-12-31 | zł63.40 Million | +4.51% |
| 2012-12-31 | zł60.66 Million | +2.12% |
| 2011-12-31 | zł59.41 Million | -7.92% |
| 2010-12-31 | zł64.52 Million | +5.35% |
| 2009-12-31 | zł61.24 Million | +3.72% |
| 2008-12-31 | zł59.04 Million | -4.54% |
| 2007-12-31 | zł61.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Makarony Polskie 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 grown by 1057.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł28.27 Million | 16.28% |
| Common Stock | zł33.12 Million | 19.07% |
| Other Components | zł112.25 Million | 64.65% |
| Total Equity | zł173.64 Million | 100.00% |
Makarony Polskie S.A. Competitors by Market Cap
The table below lists competitors of Makarony Polskie S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TORT.MEXIC.GRILL LS -01
F:73D
|
$15.40 Million |
|
Kuk Dong
KO:005320
|
$15.40 Million |
|
Sterling Tools Limited
NSE:STERTOOLS
|
$15.41 Million |
|
Blackbird plc
PINK:BBRDF
|
$15.41 Million |
|
Ihlas Yayin Holding A.S.
IS:IHYAY
|
$15.40 Million |
|
Renta Corp. Real Estate S.A.
LSE:0FSJ
|
$15.39 Million |
|
Jaxsta Limited
PINK:JAXAF
|
$15.38 Million |
|
Foreign Trade Development and Investment Corp of Ho Chi Minh City
VN:FDC
|
$15.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Makarony Polskie S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 149,276,000 to 173,642,000, a change of 24,366,000 (16.3%).
- Net income of 33,666,000 contributed positively to equity growth.
- Dividend payments of 8,280,000 reduced retained earnings.
- Share repurchases of 1,019,000 reduced equity.
- Other comprehensive income decreased equity by 12,000,000.
- Other factors increased equity by 11,999,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł33.67 Million | +19.39% |
| Dividends Paid | zł8.28 Million | -4.77% |
| Share Repurchases | zł1.02 Million | -0.59% |
| Other Comprehensive Income | zł-12.00 Million | -6.91% |
| Other Changes | zł12.00 Million | +6.91% |
| Total Change | zł- | 16.32% |
Book Value vs Market Value Analysis
This analysis compares Makarony Polskie 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: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.64x to 1.44x 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 | zł8.56 | zł22.65 | x |
| 2008-12-31 | zł6.41 | zł22.65 | x |
| 2009-12-31 | zł6.62 | zł22.65 | x |
| 2010-12-31 | zł6.97 | zł22.65 | x |
| 2011-12-31 | zł6.42 | zł22.65 | x |
| 2012-12-31 | zł6.56 | zł22.65 | x |
| 2013-12-31 | zł6.85 | zł22.65 | x |
| 2014-12-31 | zł7.29 | zł22.65 | x |
| 2015-12-31 | zł7.66 | zł22.65 | x |
| 2016-12-31 | zł7.87 | zł22.65 | x |
| 2017-12-31 | zł8.22 | zł22.65 | x |
| 2018-12-31 | zł8.52 | zł22.65 | x |
| 2019-12-31 | zł8.65 | zł22.65 | x |
| 2020-12-31 | zł9.21 | zł22.65 | x |
| 2021-12-31 | zł10.87 | zł22.65 | x |
| 2022-12-31 | zł11.13 | zł22.65 | x |
| 2023-12-31 | zł13.52 | zł22.65 | x |
| 2024-12-31 | zł15.74 | zł22.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Makarony Polskie 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): 19.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.10%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 1.46x
- Recent ROE (19.39%) is above the historical average (6.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 3.92% | 2.89% | 0.87x | 1.55x | zł-3.76 Million |
| 2008 | -4.70% | -3.13% | 0.78x | 1.94x | zł-8.68 Million |
| 2009 | 3.59% | 1.87% | 1.00x | 1.93x | zł-3.93 Million |
| 2010 | 4.91% | 2.11% | 1.13x | 2.05x | zł-3.28 Million |
| 2011 | -5.63% | -1.59% | 1.48x | 2.39x | zł-9.29 Million |
| 2012 | 2.07% | 0.95% | 1.03x | 2.12x | zł-4.81 Million |
| 2013 | 4.57% | 2.19% | 1.07x | 1.95x | zł-3.44 Million |
| 2014 | 6.14% | 3.35% | 0.98x | 1.88x | zł-2.60 Million |
| 2015 | 6.93% | 3.70% | 1.05x | 1.79x | zł-2.18 Million |
| 2016 | 6.99% | 4.10% | 0.97x | 1.76x | zł-2.19 Million |
| 2017 | 7.26% | 3.81% | 1.06x | 1.80x | zł-2.08 Million |
| 2018 | 7.40% | 3.79% | 1.06x | 1.85x | zł-2.05 Million |
| 2019 | 4.75% | 2.30% | 0.95x | 2.17x | zł-4.20 Million |
| 2020 | 8.84% | 4.02% | 1.04x | 2.12x | zł-992.30K |
| 2021 | 6.29% | 3.77% | 0.83x | 2.02x | zł-3.78 Million |
| 2022 | 19.90% | 7.44% | 1.37x | 1.95x | zł12.17 Million |
| 2023 | 22.03% | 9.27% | 1.49x | 1.59x | zł17.96 Million |
| 2024 | 19.39% | 11.10% | 1.19x | 1.46x | zł16.30 Million |
Industry Comparison
This section compares Makarony Polskie S.A.'s net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $134,498,500
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Makarony Polskie S.A. (MAK) | zł180.46 Million | 3.92% | 0.37x | $15.40 Million |
| Bio Planet SA (BIP) | $18.20 Million | 19.84% | 3.12x | $5.20 Million |
| Helio SA (HEL) | $50.31 Million | 3.11% | 0.44x | $4.30 Million |
| Mlk Foods Public Company Ltd (MLK) | $-5.20 Million | 0.00% | 0.00x | $12.31 Million |
| Zaklady Przemyslu Cukierniczego Otmuchow S.A. (OTM) | $136.25 Million | 2.92% | 0.94x | $12.23 Million |
| Pamapol S.A. (PMP) | $104.43 Million | 0.67% | 2.23x | $4.19 Million |
| Przedsiebiorstwo Przemyslu Spozywczego PEPEES S.A. (PPS) | $145.55 Million | 9.18% | 1.09x | $4.95 Million |
| Seko S.A. (SEK) | $66.47 Million | 13.55% | 0.81x | $5.84 Million |
| Tarczynski S.A. (TAR) | $559.99 Million | 23.73% | 1.72x | $81.83 Million |