MFO SA
MFO S.A. manufactures and sells steel profiles in Poland. The company offers CD profiles, UD and UA profiles, CW and UW standard profiles, and CW and UW eco profiles for drywall framing applications; mounting rails for ventilation and air conditioning, and electrical installation applications; and steel sections for technical flooring systems applications. It also provides steel profiles for furn… Read more
MFO SA (MFO) - Net Assets
Latest net assets as of September 2025: zł325.14 Million PLN
Based on the latest financial reports, MFO SA (MFO) has net assets worth zł325.14 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 (zł615.57 Million) and total liabilities (zł290.43 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 | zł325.14 Million |
| % of Total Assets | 52.82% |
| Annual Growth Rate | 22.52% |
| 5-Year Change | 64.54% |
| 10-Year Change | 380.48% |
| Growth Volatility | 21.84 |
MFO SA - Net Assets Trend (2011–2024)
This chart illustrates how MFO 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 MFO SA (2011–2024)
The table below shows the annual net assets of MFO SA from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł308.18 Million | +2.87% |
| 2023-12-31 | zł299.57 Million | -4.71% |
| 2022-12-31 | zł314.37 Million | -0.54% |
| 2021-12-31 | zł316.08 Million | +68.76% |
| 2020-12-31 | zł187.30 Million | +16.85% |
| 2019-12-31 | zł160.28 Million | +14.03% |
| 2018-12-31 | zł140.57 Million | +22.00% |
| 2017-12-31 | zł115.22 Million | +42.60% |
| 2016-12-31 | zł80.80 Million | +25.98% |
| 2015-12-31 | zł64.14 Million | +23.46% |
| 2014-12-31 | zł51.95 Million | +17.61% |
| 2013-12-31 | zł44.17 Million | +66.11% |
| 2012-12-31 | zł26.59 Million | +20.98% |
| 2011-12-31 | zł21.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MFO 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 69.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł7.18 Million | 2.33% |
| Common Stock | zł1.32 Million | 0.43% |
| Other Comprehensive Income | zł11.43 Million | 3.71% |
| Other Components | zł288.24 Million | 93.53% |
| Total Equity | zł308.18 Million | 100.00% |
MFO SA Competitors by Market Cap
The table below lists competitors of MFO SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$19.40 Million |
|
Kleannara
KO:004540
|
$19.40 Million |
|
BCWORLD PHARM. Co. Ltd
KQ:200780
|
$19.41 Million |
|
Soosung Innovation Co. Ltd.
KQ:084180
|
$19.41 Million |
|
Forian Inc
NASDAQ:FORA
|
$19.39 Million |
|
Waterco Ltd
AU:WAT
|
$19.39 Million |
|
SCI Information Service Inc
KQ:036120
|
$19.38 Million |
|
Proximar Seafood AS
OL:PROXI
|
$19.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MFO SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 299,568,000 to 308,178,000, a change of 8,610,000 (2.9%).
- Net income of 7,186,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 1,426,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł7.19 Million | +2.33% |
| Other Comprehensive Income | zł1.43 Million | +0.46% |
| Other Changes | zł-3.00K | -0.0% |
| Total Change | zł- | 2.87% |
Book Value vs Market Value Analysis
This analysis compares MFO 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 decreased from 6.13x to 0.70x 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 | zł5.32 | zł32.60 | x |
| 2013-12-31 | zł8.83 | zł32.60 | x |
| 2014-12-31 | zł8.52 | zł32.60 | x |
| 2015-12-31 | zł10.51 | zł32.60 | x |
| 2016-12-31 | zł13.25 | zł32.60 | x |
| 2017-12-31 | zł18.54 | zł32.60 | x |
| 2018-12-31 | zł21.27 | zł32.60 | x |
| 2019-12-31 | zł24.26 | zł32.60 | x |
| 2020-12-31 | zł28.35 | zł32.60 | x |
| 2021-12-31 | zł47.84 | zł32.60 | x |
| 2022-12-31 | zł47.58 | zł32.60 | x |
| 2023-12-31 | zł45.34 | zł32.60 | x |
| 2024-12-31 | zł46.64 | zł32.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MFO 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): 2.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.17%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 1.72x
- Recent ROE (2.33%) is below the historical average (15.66%), 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 | 20.84% | 3.41% | 2.22x | 2.76x | zł2.88 Million |
| 2013 | 13.47% | 3.35% | 2.33x | 1.73x | zł1.53 Million |
| 2014 | 16.13% | 4.27% | 1.99x | 1.90x | zł3.18 Million |
| 2015 | 15.80% | 4.69% | 1.85x | 1.82x | zł3.72 Million |
| 2016 | 21.97% | 6.93% | 1.68x | 1.89x | zł9.67 Million |
| 2017 | 17.98% | 5.66% | 1.79x | 1.78x | zł9.19 Million |
| 2018 | 19.85% | 6.73% | 1.60x | 1.84x | zł13.84 Million |
| 2019 | 15.85% | 5.81% | 1.53x | 1.79x | zł9.38 Million |
| 2020 | 14.39% | 6.38% | 1.36x | 1.66x | zł8.22 Million |
| 2021 | 42.07% | 13.43% | 1.78x | 1.76x | zł101.36 Million |
| 2022 | 7.84% | 2.67% | 2.00x | 1.47x | zł-6.80 Million |
| 2023 | -4.93% | -2.57% | 1.16x | 1.66x | zł-44.73 Million |
| 2024 | 2.33% | 1.17% | 1.17x | 1.72x | zł-23.63 Million |
Industry Comparison
This section compares MFO SA's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $141,971,740
- Average return on equity (ROE) among peers: -19.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MFO SA (MFO) | zł325.14 Million | 20.84% | 0.89x | $19.39 Million |
| FASING SA (FSG) | $144.12 Million | 2.43% | 0.83x | $4.59 Million |
| Mangata Holding S.A. (MGT) | $129.53 Million | 17.50% | 0.75x | $36.24 Million |
| Mennica Polska S.A. (MNC) | $468.23 Million | 10.03% | 0.80x | $243.46 Million |
| Odlewnie Polskie SA (ODL) | $-65.32 Million | 0.00% | 0.00x | $29.73 Million |
| PGF Polska Grupa Fotowoltaiczna SA (PGV) | $33.29 Million | -127.20% | 4.17x | $8.27 Million |