ML System S.A. Net Assets
ML System S.A. net assets. Based on the latest financial reports, ML System S.A. (MLS) has net assets worth zł97.19 Million PLN (≈ $26.75 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 (zł496.09 Million ≈ $136.53 Million USD) and total liabilities (zł398.90 Million ≈ $109.78 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. See MLS equity financing ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł97.19 Million |
| % of Total Assets | 19.59% |
| Annual Growth Rate | 35.13% |
| 5-Year Change | 58.35% |
| 10-Year Change | 846.3% |
| Growth Volatility | 54.2 |
Net Assets of ML System S.A. (2014–2025)
Net assets of ML System S.A. from 2014 to 2025. This chart illustrates how ML System S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of ML System S.A. to track the company's year-over-year net asset growth rate.
Annual Net Assets for ML System S.A. (2014–2025)
The table below shows the annual net assets of ML System S.A. from 2014 to 2025. For live market cap and overall valuation, see ML System S.A. (MLS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł231.50 Million ≈ $63.71 Million |
+58.07% |
| 2024-12-31 | zł146.46 Million ≈ $40.31 Million |
-26.00% |
| 2023-12-31 | zł197.91 Million ≈ $54.47 Million |
+35.18% |
| 2022-12-31 | zł146.41 Million ≈ $40.29 Million |
+0.14% |
| 2021-12-31 | zł146.20 Million ≈ $40.24 Million |
+1.28% |
| 2020-12-31 | zł144.35 Million ≈ $39.73 Million |
+86.56% |
| 2019-12-31 | zł77.38 Million ≈ $21.29 Million |
+3.39% |
| 2018-12-31 | zł74.84 Million ≈ $20.60 Million |
+109.62% |
| 2017-12-31 | zł35.70 Million ≈ $9.83 Million |
+45.94% |
| 2016-12-31 | zł24.46 Million ≈ $6.73 Million |
+9.75% |
| 2015-12-31 | zł22.29 Million ≈ $6.13 Million |
+164.19% |
| 2014-12-31 | zł8.44 Million ≈ $2.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ML System 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 decreased by 5149300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
ML System S.A. Net Assets Breakdown (December 2025)
ML System S.A. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł7.38 Million | 7.12% |
| Other Comprehensive Income | zł1.90 Million | 1.83% |
| Other Components | zł146.52 Million | 141.41% |
| Total Equity | zł103.61 Million | 100.00% |
ML System S.A. Competitors by Market Cap
The table below lists competitors of ML System S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abko Co. Ltd
KQ:129890
|
$28.64 Million |
|
Luks Kadife Ticaret ve Sanayi AS
IS:LUKSK
|
$28.65 Million |
|
Findi Ltd
AU:FND
|
$28.65 Million |
|
Bizim Toptan Satis Magazalari AS
IS:BIZIM
|
$28.66 Million |
|
Yuhwa Securities Co Ltd
KO:003465
|
$28.63 Million |
|
Klimasan Klima Sanayi ve Ticaret AS
IS:KLMSN
|
$28.63 Million |
|
RMG Acquisition Corp. III
NASDAQ:RMGCF
|
$28.63 Million |
|
FreeMs Corporation
KQ:053160
|
$28.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ML System S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 146,460,000 to 103,612,000, a change of -42,848,000 (-29.3%).
- Net loss of 42,436,000 reduced equity.
- Other comprehensive income decreased equity by 26,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-42.44 Million | -40.96% |
| Other Comprehensive Income | zł-26.00K | -0.03% |
| Other Changes | zł-386.00K | -0.37% |
| Total Change | zł- | -29.26% |
Book Value vs Market Value Analysis
This analysis compares ML System 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: 1.00x
- 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 9.44x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | zł1.49 | zł14.10 | x |
| 2015-12-31 | zł3.95 | zł14.10 | x |
| 2016-12-31 | zł4.33 | zł14.10 | x |
| 2017-12-31 | zł8.62 | zł14.10 | x |
| 2018-12-31 | zł14.29 | zł14.10 | x |
| 2019-12-31 | zł13.69 | zł14.10 | x |
| 2020-12-31 | zł23.66 | zł14.10 | x |
| 2021-12-31 | zł22.90 | zł14.10 | x |
| 2022-12-31 | zł22.58 | zł14.10 | x |
| 2023-12-31 | zł28.36 | zł14.10 | x |
| 2024-12-31 | zł19.84 | zł14.10 | x |
| 2025-12-31 | zł14.04 | zł14.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ML System 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): -40.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.54%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.75x
- Recent ROE (-40.96%) is below the historical average (5.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 23.89% | 4.06% | 1.26x | 4.68x | zł1.17 Million |
| 2015 | 62.15% | 27.31% | 0.63x | 3.63x | zł11.62 Million |
| 2016 | 8.74% | 6.19% | 0.37x | 3.77x | zł-308.40K |
| 2017 | 17.01% | 11.17% | 0.40x | 3.79x | zł2.50 Million |
| 2018 | 7.55% | 4.58% | 0.69x | 2.40x | zł-1.83 Million |
| 2019 | 4.48% | 3.71% | 0.43x | 2.79x | zł-4.27 Million |
| 2020 | 7.05% | 7.99% | 0.42x | 2.10x | zł-4.26 Million |
| 2021 | 1.19% | 0.92% | 0.48x | 2.67x | zł-12.87 Million |
| 2022 | 0.15% | 0.08% | 0.65x | 2.95x | zł-14.43 Million |
| 2023 | -2.35% | -2.40% | 0.33x | 2.92x | zł-24.43 Million |
| 2024 | -27.85% | -25.14% | 0.33x | 3.39x | zł-55.44 Million |
| 2025 | -40.96% | -34.54% | 0.25x | 4.75x | zł-52.80 Million |
Industry Comparison
This section compares ML System S.A.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $22,990,440
- Average return on equity (ROE) among peers: 7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ML System S.A. (MLS) | zł97.19 Million | 23.89% | 4.10x | $28.64 Million |
| Columbus (CLC) | $-38.09 Million | 0.00% | 0.00x | $52.62 Million |
| Photon Energy N.V. (PEN) | $25.98 Million | -3.03% | 2.45x | $18.29 Million |
| Starhedge SA (SHG) | $71.75 Million | 11.25% | 0.25x | $5.97 Million |
| SUNEX S.A. (SNX) | $32.32 Million | 20.25% | 1.34x | $23.04 Million |
About ML System S.A.
ML System S.A. produces and sale of flat glass and glass-photovoltaic panels in Poland. The company offers PV, building integrated photovoltaics (BIPV), Ultra PV, and semi-flexible PV modules; smart city products, including photovoltaic terrace shelters, car parking roofing, and lamp, as well as smart pylon, intelligent bus shelter, and smart benches; intelligent heating glass, glass with an acti… Read more