MFO SA (MFO) - Net Assets

Latest as of September 2025: zł325.14 Million PLN ≈ $89.48 Million USD

Based on the latest financial reports, MFO SA (MFO) has net assets worth zł325.14 Million PLN (≈ $89.48 Million USD) 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 ≈ $169.41 Million USD) and total liabilities (zł290.43 Million ≈ $79.93 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 MFO SA (MFO) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore MFO total asset value for the complete picture of this company's asset base.

Annual Net Assets for MFO SA (2011–2024)

The table below shows the annual net assets of MFO SA from 2011 to 2024. For live valuation and market cap data, see MFO SA stock valuation.

Year	Net Assets	Change
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	--

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
Hansol Csn KO:009180	$60.57 Million
Etherstack Plc AU:ESK	$60.59 Million
RESOLUTION MINERALS LTD F:NC3	$60.60 Million
Westlin Corporation NASDAQ:WSTN	$60.61 Million
Villars Holding SA SW:VILN	$60.55 Million
Westag & Getalit AG F:WUG3	$60.55 Million
Mercury Securities Group Berhad KLSE:0285	$60.53 Million
IMPACT Silver Corp. V:IPT	$60.52 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: 0.71x
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 6.26x 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	zł5.32	zł33.30	x
2013-12-31	zł8.83	zł33.30	x
2014-12-31	zł8.52	zł33.30	x
2015-12-31	zł10.51	zł33.30	x
2016-12-31	zł13.25	zł33.30	x
2017-12-31	zł18.54	zł33.30	x
2018-12-31	zł21.27	zł33.30	x
2019-12-31	zł24.26	zł33.30	x
2020-12-31	zł28.35	zł33.30	x
2021-12-31	zł47.84	zł33.30	x
2022-12-31	zł47.58	zł33.30	x
2023-12-31	zł45.34	zł33.30	x
2024-12-31	zł46.64	zł33.30	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: $270,099,584
Average return on equity (ROE) among peers: 8.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MFO SA (MFO)	zł325.14 Million	20.84%	0.89x	$60.56 Million
FASING SA (FSG)	$194.50 Million	7.21%	0.71x	$12.06 Million
Mangata Holding S.A. (MGT)	$409.39 Million	10.97%	0.52x	$122.75 Million
Mennica Polska S.A. (MNC)	$637.69 Million	5.40%	0.52x	$641.42 Million
Odlewnie Polskie SA (ODL)	$23.96 Million	21.50%	2.08x	$104.05 Million
PGF Polska Grupa Fotowoltaiczna SA (PGV)	$84.97 Million	-1.39%	0.22x	$12.49 Million

About MFO SA

WAR:MFO Poland Metal Fabrication

Market Cap

$60.56 Million

zł220.03 Million PLN

Market Cap Rank

#21136 Global

#183 in Poland

Share Price

zł33.30

Change (1 day)

+0.00%

52-Week Range

zł30.20 - zł41.30

All Time High

zł54.88