ML System S.A. (MLS) - Net Assets
Based on the latest financial reports, ML System S.A. (MLS) has net assets worth zł109.03 Million PLN (≈ $30.01 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 (zł502.13 Million ≈ $138.19 Million USD) and total liabilities (zł393.10 Million ≈ $108.19 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 ML System S.A. liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł109.03 Million |
| % of Total Assets | 21.71% |
| Annual Growth Rate | 33.03% |
| 5-Year Change | 1.46% |
| 10-Year Change | 557.07% |
| Growth Volatility | 56.66 |
ML System S.A. - Net Assets Trend (2014–2024)
This chart illustrates how ML System S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore ML System S.A. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for ML System S.A. (2014–2024)
The table below shows the annual net assets of ML System S.A. from 2014 to 2024. For live valuation and market cap data, see MLS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 867100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł7.38 Million | 5.04% |
| Other Comprehensive Income | zł1.92 Million | 1.31% |
| Other Components | zł146.52 Million | 100.04% |
| Total Equity | zł146.46 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 |
|---|---|
|
Jeil Steel Mfg Co. Ltd
KQ:023440
|
$31.29 Million |
|
Perimeter Medical Imaging AI Inc
V:PINK
|
$31.30 Million |
|
Terranet AB
ST:TERRNT-B
|
$31.31 Million |
|
Focus Graphite Inc
V:FMS
|
$31.32 Million |
|
LivePerson Inc
NASDAQ:LPSN
|
$31.28 Million |
|
Headway
TW:1776
|
$31.25 Million |
|
Pelayaran Nasional Bina Buana Raya
JK:BBRM
|
$31.24 Million |
|
Projektengagemang Sweden AB (publ)
ST:PENG-B
|
$31.21 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 2023 to 2024, total equity changed from 197,910,000 to 146,460,000, a change of -51,450,000 (-26.0%).
- Net loss of 40,795,000 reduced equity.
- Other comprehensive income increased equity by 50,000.
- Other factors decreased equity by 10,705,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-40.80 Million | -27.85% |
| Other Comprehensive Income | zł50.00K | +0.03% |
| Other Changes | zł-10.71 Million | -7.31% |
| Total Change | zł- | -26.00% |
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: 0.78x
- 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 10.31x to 0.78x 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 | zł15.40 | x |
| 2015-12-31 | zł3.95 | zł15.40 | x |
| 2016-12-31 | zł4.33 | zł15.40 | x |
| 2017-12-31 | zł8.62 | zł15.40 | x |
| 2018-12-31 | zł14.29 | zł15.40 | x |
| 2019-12-31 | zł13.69 | zł15.40 | x |
| 2020-12-31 | zł23.66 | zł15.40 | x |
| 2021-12-31 | zł22.90 | zł15.40 | x |
| 2022-12-31 | zł22.58 | zł15.40 | x |
| 2023-12-31 | zł28.36 | zł15.40 | x |
| 2024-12-31 | zł19.84 | zł15.40 | 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): -27.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.14%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.39x
- Recent ROE (-27.85%) is below the historical average (9.27%), 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 |
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: $47,344,174
- Average return on equity (ROE) among peers: -201.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ML System S.A. (MLS) | zł109.03 Million | 23.89% | 3.61x | $31.28 Million |
| Columbus (CLC) | $130.77 Million | -17.46% | 5.23x | $70.79 Million |
| Photon Energy N.V. (PEN) | $17.49 Million | -30.31% | 4.85x | $18.20 Million |
| Starhedge SA (SHG) | $8.79 Million | -777.33% | 0.03x | $6.42 Million |
| SUNEX S.A. (SNX) | $32.32 Million | 20.25% | 1.34x | $17.24 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