Orzel Bialy S.A. (OBL) - Net Assets

Latest as of September 2025: zł710.70 Million PLN ≈ $195.60 Million USD

Based on the latest financial reports, Orzel Bialy S.A. (OBL) has net assets worth zł710.70 Million PLN (≈ $195.60 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 (zł808.42 Million ≈ $222.49 Million USD) and total liabilities (zł97.72 Million ≈ $26.89 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 Orzel Bialy S.A. (OBL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł710.70 Million
% of Total Assets	87.91%
Annual Growth Rate	8.26%
5-Year Change	111.16%
10-Year Change	175.8%
Growth Volatility	11.42

Orzel Bialy S.A. - Net Assets Trend (2008–2024)

This chart illustrates how Orzel Bialy S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Orzel Bialy S.A. for the complete picture of this company's asset base.

Annual Net Assets for Orzel Bialy S.A. (2008–2024)

The table below shows the annual net assets of Orzel Bialy S.A. from 2008 to 2024. For live valuation and market cap data, see OBL market cap.

Year	Net Assets	Change
2024-12-31	zł681.19 Million ≈ $187.47 Million	+13.16%
2023-12-31	zł601.97 Million ≈ $165.67 Million	+24.16%
2022-12-31	zł484.83 Million ≈ $133.43 Million	+25.53%
2021-12-31	zł386.23 Million ≈ $106.30 Million	+19.72%
2020-12-31	zł322.60 Million ≈ $88.78 Million	+14.07%
2019-12-31	zł282.81 Million ≈ $77.83 Million	+10.50%
2018-12-31	zł255.93 Million ≈ $70.43 Million	-2.25%
2017-12-31	zł261.83 Million ≈ $72.06 Million	+9.67%
2016-12-31	zł238.74 Million ≈ $65.70 Million	-3.34%
2015-12-31	zł246.99 Million ≈ $67.98 Million	+2.92%
2014-12-31	zł239.99 Million ≈ $66.05 Million	+1.98%
2013-12-31	zł235.33 Million ≈ $64.77 Million	-7.60%
2012-12-31	zł254.69 Million ≈ $70.09 Million	-3.04%
2011-12-31	zł262.67 Million ≈ $72.29 Million	+24.32%
2010-12-31	zł211.29 Million ≈ $58.15 Million	+19.81%
2009-12-31	zł176.35 Million ≈ $48.54 Million	-7.89%
2008-12-31	zł191.46 Million ≈ $52.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Orzel Bialy 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 grown by 108.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł98.02 Million	14.39%
Common Stock	zł7.16 Million	1.05%
Other Comprehensive Income	zł527.00 Million	77.37%
Other Components	zł49.01 Million	7.19%
Total Equity	zł681.19 Million	100.00%

Orzel Bialy S.A. Competitors by Market Cap

The table below lists competitors of Orzel Bialy S.A. ranked by their market capitalization.

Company	Market Cap
Phoenix Asia Holdings Limited Ordinary Shares NASDAQ:PHOE	$169.56 Million
Garuda Construction & Engineering NSE:GARUDA	$169.58 Million
SAB Finance as PR:SABFG	$169.64 Million
Elixir Energy Ltd AU:EXR	$169.64 Million
Central Hydropower JSC VN:CHP	$169.52 Million
NAU IB Capital KQ:293580	$169.52 Million
Bogazici Beton Sanayi ve Ticaret AS IS:BOBET	$169.45 Million
BF Investment Limited NSE:BFINVEST	$169.44 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Orzel Bialy S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 601,967,000 to 681,190,000, a change of 79,223,000 (13.2%).
Net income of 99,358,000 contributed positively to equity growth.
Dividend payments of 16,651,000 reduced retained earnings.
Other comprehensive income increased equity by 104,427,000.
Other factors decreased equity by 107,911,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł99.36 Million	+14.59%
Dividends Paid	zł16.65 Million	-2.44%
Other Comprehensive Income	zł104.43 Million	+15.33%
Other Changes	zł-107.91 Million	-15.84%
Total Change	zł-	13.16%

Book Value vs Market Value Analysis

This analysis compares Orzel Bialy 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: 0.90x
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 3.28x to 0.90x 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	zł11.29	zł37.00	x
2009-12-31	zł10.19	zł37.00	x
2010-12-31	zł12.33	zł37.00	x
2011-12-31	zł15.77	zł37.00	x
2012-12-31	zł15.02	zł37.00	x
2013-12-31	zł14.05	zł37.00	x
2014-12-31	zł14.38	zł37.00	x
2015-12-31	zł14.83	zł37.00	x
2016-12-31	zł14.33	zł37.00	x
2017-12-31	zł15.72	zł37.00	x
2018-12-31	zł15.37	zł37.00	x
2019-12-31	zł16.98	zł37.00	x
2020-12-31	zł19.37	zł37.00	x
2021-12-31	zł23.20	zł37.00	x
2022-12-31	zł29.12	zł37.00	x
2023-12-31	zł36.15	zł37.00	x
2024-12-31	zł40.91	zł37.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Orzel Bialy 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): 14.59%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.21%
• Asset Turnover: 0.91x
• Equity Multiplier: 1.12x
Recent ROE (14.59%) is above the historical average (9.58%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	18.56%	13.44%	1.04x	1.33x	zł16.33 Million
2009	8.33%	7.33%	0.82x	1.38x	zł-2.92 Million
2010	18.60%	12.44%	1.17x	1.27x	zł18.16 Million
2011	13.61%	10.02%	1.13x	1.20x	zł9.48 Million
2012	4.41%	2.69%	1.20x	1.36x	zł-14.05 Million
2013	-7.39%	-4.13%	1.18x	1.51x	zł-40.88 Million
2014	0.18%	0.09%	1.23x	1.56x	zł-23.51 Million
2015	5.33%	2.59%	1.47x	1.40x	zł-11.52 Million
2016	-1.81%	-0.80%	1.41x	1.60x	zł-28.18 Million
2017	6.08%	2.35%	1.88x	1.38x	zł-10.26 Million
2018	5.72%	2.24%	1.87x	1.37x	zł-10.96 Million
2019	6.82%	3.12%	1.52x	1.44x	zł-8.98 Million
2020	15.08%	9.49%	1.24x	1.29x	zł16.38 Million
2021	16.42%	9.57%	1.40x	1.23x	zł24.81 Million
2022	20.70%	11.33%	1.48x	1.24x	zł51.89 Million
2023	17.70%	14.46%	1.05x	1.16x	zł46.33 Million
2024	14.59%	14.21%	0.91x	1.12x	zł31.24 Million

Industry Comparison

This section compares Orzel Bialy S.A.'s net assets metrics with peer companies in the Waste Management industry.

Industry Context

Industry: Waste Management
Average net assets among peers: $83,899,131
Average return on equity (ROE) among peers: 2.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Orzel Bialy S.A. (OBL)	zł710.70 Million	18.56%	0.14x	$169.55 Million
Mo-Bruk SA (MBR)	$83.90 Million	2.57%	1.05x	$343.21 Million

About Orzel Bialy S.A.

WAR:OBL Poland Waste Management

Market Cap

$169.55 Million

zł616.07 Million PLN

Market Cap Rank

#17158 Global

#113 in Poland

Share Price

zł37.00

Change (1 day)

+0.00%

52-Week Range

zł33.80 - zł40.00

All Time High

zł40.00