MFO SA (MFO) - Net Assets
Based on the latest financial reports, MFO SA (MFO) has net assets worth zł324.91 Million PLN (≈ $89.42 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł634.41 Million ≈ $174.60 Million USD) and total liabilities (zł309.50 Million ≈ $85.18 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 tangible net worth ratio of MFO SA to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł324.91 Million |
| % of Total Assets | 51.21% |
| Annual Growth Rate | 21.15% |
| 5-Year Change | 2.03% |
| 10-Year Change | 299.12% |
| Growth Volatility | 21.65 |
MFO SA - Net Assets Trend (2011–2025)
This chart illustrates how MFO SA's net assets have evolved over time, based on quarterly financial data. See MFO SA liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for MFO SA (2011–2025)
The table below shows the annual net assets of MFO SA from 2011 to 2025. For live valuation and market cap data, see MFO SA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł322.49 Million ≈ $88.75 Million |
+4.64% |
| 2024-12-31 | zł308.18 Million ≈ $84.82 Million |
+2.87% |
| 2023-12-31 | zł299.57 Million ≈ $82.45 Million |
-4.71% |
| 2022-12-31 | zł314.37 Million ≈ $86.52 Million |
-0.54% |
| 2021-12-31 | zł316.08 Million ≈ $86.99 Million |
+68.76% |
| 2020-12-31 | zł187.30 Million ≈ $51.55 Million |
+16.85% |
| 2019-12-31 | zł160.28 Million ≈ $44.11 Million |
+14.03% |
| 2018-12-31 | zł140.57 Million ≈ $38.69 Million |
+22.00% |
| 2017-12-31 | zł115.22 Million ≈ $31.71 Million |
+42.60% |
| 2016-12-31 | zł80.80 Million ≈ $22.24 Million |
+25.98% |
| 2015-12-31 | zł64.14 Million ≈ $17.65 Million |
+23.46% |
| 2014-12-31 | zł51.95 Million ≈ $14.30 Million |
+17.61% |
| 2013-12-31 | zł44.17 Million ≈ $12.16 Million |
+66.11% |
| 2012-12-31 | zł26.59 Million ≈ $7.32 Million |
+20.98% |
| 2011-12-31 | zł21.98 Million ≈ $6.05 Million |
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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 136.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł10.04 Million | 3.11% |
| Other Components | zł312.45 Million | 96.89% |
| Total Equity | zł322.49 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 |
|---|---|
|
Shenzhen CAU Technology Co Ltd
SHE:000004
|
$53.47 Million |
|
Sheetal Cool Products Limited
NSE:SCPL
|
$53.47 Million |
|
Brera Holdings PLC
NASDAQ:SLMT
|
$53.47 Million |
|
Maxiparts Ltd
AU:MXI
|
$53.47 Million |
|
Bactiguard Holding AB (publ)
ST:BACTI-B
|
$53.45 Million |
|
Melhus Sparebank
OL:MELG
|
$53.39 Million |
|
Asia Hotel Public Company Limited
BK:ASIA
|
$53.36 Million |
|
Rent.com.Au Ltd
AU:RNT
|
$53.35 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 2024 to 2025, total equity changed from 308,178,000 to 322,485,000, a change of 14,307,000 (4.6%).
- Net income of 10,075,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 11,430,999.
- Other factors increased equity by 15,662,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł10.07 Million | +3.12% |
| Other Comprehensive Income | zł-11.43 Million | -3.54% |
| Other Changes | zł15.66 Million | +4.86% |
| Total Change | zł- | 4.64% |
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: 0.60x
- 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 5.53x to 0.60x 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 | zł29.40 | x |
| 2013-12-31 | zł8.83 | zł29.40 | x |
| 2014-12-31 | zł8.52 | zł29.40 | x |
| 2015-12-31 | zł10.51 | zł29.40 | x |
| 2016-12-31 | zł13.25 | zł29.40 | x |
| 2017-12-31 | zł18.54 | zł29.40 | x |
| 2018-12-31 | zł21.27 | zł29.40 | x |
| 2019-12-31 | zł24.26 | zł29.40 | x |
| 2020-12-31 | zł28.35 | zł29.40 | x |
| 2021-12-31 | zł47.84 | zł29.40 | x |
| 2022-12-31 | zł47.58 | zł29.40 | x |
| 2023-12-31 | zł45.34 | zł29.40 | x |
| 2024-12-31 | zł46.64 | zł29.40 | x |
| 2025-12-31 | zł48.81 | zł29.40 | 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): 3.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.47%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 1.83x
- Recent ROE (3.12%) is below the historical average (14.77%), 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 |
| 2025 | 3.12% | 1.47% | 1.16x | 1.83x | zł-22.17 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: $228,667,640
- Average return on equity (ROE) among peers: 16.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MFO SA (MFO) | zł324.91 Million | 20.84% | 0.95x | $53.46 Million |
| FASING SA (FSG) | $144.12 Million | 2.43% | 0.83x | $12.31 Million |
| Mangata Holding S.A. (MGT) | $68.19 Million | 15.46% | 1.39x | $120.43 Million |
| Mennica Polska S.A. (MNC) | $641.10 Million | 13.57% | 0.43x | $599.32 Million |
| Odlewnie Polskie SA (ODL) | $31.67 Million | 18.47% | 1.42x | $120.10 Million |
| PGF Polska Grupa Fotowoltaiczna SA (PGV) | $258.26 Million | 34.29% | 0.20x | $14.85 Million |
About 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