Mirbud SA
Mirbud S.A. operates as a general contractor in the construction industry in Poland. The company offers industrial construction services, such as production hall, logistics hall, and cold store and freezer construction, as well as turnkey works and design services; builds hospitals, offices, office buildings, schools, hotels, sports facilities, and football stadiums. It also engages in the constr… Read more
Mirbud SA (MRB) - Net Assets
Latest net assets as of September 2025: zł1.13 Billion PLN
Based on the latest financial reports, Mirbud SA (MRB) has net assets worth zł1.13 Billion PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł2.64 Billion) and total liabilities (zł1.50 Billion). 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 | zł1.13 Billion |
| % of Total Assets | 43.01% |
| Annual Growth Rate | 22.96% |
| 5-Year Change | 137.22% |
| 10-Year Change | 253.72% |
| Growth Volatility | 62.34 |
Mirbud SA - Net Assets Trend (2008–2024)
This chart illustrates how Mirbud 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 Mirbud SA (2008–2024)
The table below shows the annual net assets of Mirbud SA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł1.10 Billion | +37.99% |
| 2023-12-31 | zł793.55 Million | +16.36% |
| 2022-12-31 | zł681.99 Million | +17.12% |
| 2021-12-31 | zł582.28 Million | +26.14% |
| 2020-12-31 | zł461.61 Million | +13.91% |
| 2019-12-31 | zł405.25 Million | +5.91% |
| 2018-12-31 | zł382.62 Million | +7.52% |
| 2017-12-31 | zł355.87 Million | +7.59% |
| 2016-12-31 | zł330.76 Million | +6.85% |
| 2015-12-31 | zł309.57 Million | +4.93% |
| 2014-12-31 | zł295.02 Million | +12.71% |
| 2013-12-31 | zł261.75 Million | +6.77% |
| 2012-12-31 | zł245.15 Million | -8.40% |
| 2011-12-31 | zł267.63 Million | +251.58% |
| 2009-12-31 | zł76.12 Million | +89.82% |
| 2008-12-31 | zł40.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mirbud 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 7061.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł662.97 Million | 60.54% |
| Common Stock | zł11.01 Million | 1.01% |
| Other Comprehensive Income | zł223.51 Million | 20.41% |
| Other Components | zł197.53 Million | 18.04% |
| Total Equity | zł1.10 Billion | 100.00% |
Mirbud SA Competitors by Market Cap
The table below lists competitors of Mirbud SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STROEER (UNSP.ARD)/4/1
F:SAXB
|
$192.95 Million |
|
John Mattson Fastighetsföretagen AB (publ)
F:AR5
|
$192.97 Million |
|
CONCURRENT TECH. LS-01
F:FJV
|
$192.98 Million |
|
Sky Gold Limited
NSE:SKYGOLD
|
$193.03 Million |
|
Evli Pankki Oyj
HE:EVLI
|
$192.86 Million |
|
Euroseas Ltd
NASDAQ:ESEA
|
$192.86 Million |
|
S4 Capital plc
PINK:SCPPF
|
$192.83 Million |
|
Yongyue Science & Tech Co Ltd
SHG:603879
|
$192.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirbud SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 793,550,000 to 1,095,020,000, a change of 301,470,000 (38.0%).
- Net income of 121,372,000 contributed positively to equity growth.
- Dividend payments of 19,266,000 reduced retained earnings.
- Share repurchases of 19,266,000 reduced equity.
- New share issuances of 199,364,000 increased equity.
- Other comprehensive income increased equity by 3,010,000.
- Other factors increased equity by 16,256,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł121.37 Million | +11.08% |
| Dividends Paid | zł19.27 Million | -1.76% |
| Share Repurchases | zł19.27 Million | -1.76% |
| Share Issuances | zł199.36 Million | +18.21% |
| Other Comprehensive Income | zł3.01 Million | +0.27% |
| Other Changes | zł16.26 Million | +1.48% |
| Total Change | zł- | 37.99% |
Book Value vs Market Value Analysis
This analysis compares Mirbud 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: 1.18x
- 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 10.92x to 1.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł1.08 | zł11.74 | x |
| 2009-12-31 | zł1.88 | zł11.74 | x |
| 2011-12-31 | zł2.87 | zł11.74 | x |
| 2012-12-31 | zł2.68 | zł11.74 | x |
| 2013-12-31 | zł2.87 | zł11.74 | x |
| 2014-12-31 | zł3.13 | zł11.74 | x |
| 2015-12-31 | zł3.15 | zł11.74 | x |
| 2016-12-31 | zł3.38 | zł11.74 | x |
| 2017-12-31 | zł3.66 | zł11.74 | x |
| 2018-12-31 | zł3.95 | zł11.74 | x |
| 2019-12-31 | zł4.42 | zł11.74 | x |
| 2020-12-31 | zł5.03 | zł11.74 | x |
| 2021-12-31 | zł6.35 | zł11.74 | x |
| 2022-12-31 | zł7.43 | zł11.74 | x |
| 2023-12-31 | zł8.65 | zł11.74 | x |
| 2024-12-31 | zł9.95 | zł11.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirbud 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): 11.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.73%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 2.20x
- Recent ROE (11.08%) is below the historical average (12.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 37.33% | 6.36% | 1.06x | 5.56x | zł10.96 Million |
| 2009 | 18.32% | 6.50% | 0.76x | 3.69x | zł6.33 Million |
| 2011 | 11.39% | 4.46% | 0.90x | 2.84x | zł2.98 Million |
| 2012 | 2.92% | 0.99% | 0.86x | 3.40x | zł-14.23 Million |
| 2013 | 6.75% | 1.55% | 1.09x | 3.99x | zł-7.00 Million |
| 2014 | 6.77% | 1.71% | 1.23x | 3.21x | zł-7.96 Million |
| 2015 | 5.25% | 1.79% | 0.80x | 3.66x | zł-12.34 Million |
| 2016 | 6.99% | 2.52% | 0.81x | 3.43x | zł-8.40 Million |
| 2017 | 7.56% | 2.65% | 0.86x | 3.33x | zł-7.36 Million |
| 2018 | 7.56% | 2.16% | 1.06x | 3.31x | zł-7.95 Million |
| 2019 | 6.94% | 2.96% | 0.83x | 2.83x | zł-12.40 Million |
| 2020 | 12.61% | 4.68% | 0.81x | 3.33x | zł12.03 Million |
| 2021 | 21.98% | 5.11% | 1.23x | 3.50x | zł69.78 Million |
| 2022 | 17.48% | 3.59% | 1.48x | 3.30x | zł51.00 Million |
| 2023 | 17.06% | 4.08% | 1.45x | 2.88x | zł56.06 Million |
| 2024 | 11.08% | 3.73% | 1.35x | 2.20x | zł11.87 Million |
Industry Comparison
This section compares Mirbud SA's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $224,722,823
- Average return on equity (ROE) among peers: 15.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirbud SA (MRB) | zł1.13 Billion | 37.33% | 1.32x | $192.93 Million |
| Atrem S.A. (ATR) | $51.20 Million | 30.49% | 2.47x | $23.59 Million |
| Budimex S.A. (BDX) | $1.28 Billion | 47.99% | 5.09x | $2.00 Billion |
| Compremum S.A. (CPR) | $119.46 Million | 6.48% | 0.60x | $5.67 Million |
| Dekpol SA (DEK) | $39.72 Million | 8.36% | 2.35x | $36.38 Million |
| Energoaparatura S.A. (ENP) | $12.86 Million | 7.56% | 1.07x | $3.34 Million |
| Erbud SA (ERB) | $209.94 Million | 15.16% | 1.34x | $68.22 Million |
| INSTAL KRAKÓW SA (INK) | $219.07 Million | 4.32% | 0.64x | $36.83 Million |
| Interbud-Lublin SA (ITB) | $50.02 Million | 20.98% | 2.07x | $2.58 Million |
| MOSTOSTAL Płock SA (MSP) | $36.91 Million | 1.25% | 0.67x | $6.68 Million |