PJP Makrum S.A. (PJP) - Net Assets
Based on the latest financial reports, PJP Makrum S.A. (PJP) has net assets worth zł166.18 Million PLN (≈ $45.73 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł608.27 Million ≈ $167.40 Million USD) and total liabilities (zł442.09 Million ≈ $121.67 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 PJP Makrum S.A. tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł166.18 Million |
| % of Total Assets | 27.32% |
| Annual Growth Rate | 2.15% |
| 5-Year Change | 39.01% |
| 10-Year Change | 82.55% |
| Growth Volatility | 8.18 |
PJP Makrum S.A. - Net Assets Trend (2008–2025)
This chart illustrates how PJP Makrum S.A.'s net assets have evolved over time, based on quarterly financial data. See PJP Makrum S.A. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for PJP Makrum S.A. (2008–2025)
The table below shows the annual net assets of PJP Makrum S.A. from 2008 to 2025. For live valuation and market cap data, see PJP Makrum S.A. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł166.18 Million ≈ $45.73 Million |
+1.88% |
| 2024-12-31 | zł163.11 Million ≈ $44.89 Million |
+0.97% |
| 2023-12-31 | zł161.54 Million ≈ $44.46 Million |
+8.80% |
| 2022-12-31 | zł148.47 Million ≈ $40.86 Million |
+24.19% |
| 2021-12-31 | zł119.55 Million ≈ $32.90 Million |
-0.21% |
| 2020-12-31 | zł119.80 Million ≈ $32.97 Million |
+11.19% |
| 2019-12-31 | zł107.74 Million ≈ $29.65 Million |
+2.11% |
| 2018-12-31 | zł105.51 Million ≈ $29.04 Million |
+4.07% |
| 2017-12-31 | zł101.38 Million ≈ $27.90 Million |
+11.37% |
| 2016-12-31 | zł91.03 Million ≈ $25.05 Million |
-2.76% |
| 2015-12-31 | zł93.61 Million ≈ $25.76 Million |
-10.76% |
| 2014-12-31 | zł104.90 Million ≈ $28.87 Million |
-4.61% |
| 2013-12-31 | zł109.96 Million ≈ $30.26 Million |
+0.87% |
| 2012-12-31 | zł109.01 Million ≈ $30.00 Million |
+6.97% |
| 2011-12-31 | zł101.91 Million ≈ $28.05 Million |
+1.15% |
| 2010-12-31 | zł100.74 Million ≈ $27.73 Million |
-9.12% |
| 2009-12-31 | zł110.85 Million ≈ $30.51 Million |
-4.27% |
| 2008-12-31 | zł115.80 Million ≈ $31.87 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to PJP Makrum 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 19.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł13.22 Million | 7.96% |
| Other Components | zł152.95 Million | 92.04% |
| Total Equity | zł166.18 Million | 100.00% |
PJP Makrum S.A. Competitors by Market Cap
The table below lists competitors of PJP Makrum S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chin Yang Chem
KO:051630
|
$29.31 Million |
|
K2A Knaust & Andersson Fastigheter AB (publ)
ST:K2A-B
|
$29.32 Million |
|
IT Link
PA:ALITL
|
$29.34 Million |
|
AJ Bell plc
LSE:AJB
|
$29.35 Million |
|
Gurktaler AG ST
VI:GAGS
|
$29.29 Million |
|
Myungmoon Phar
KO:017180
|
$29.29 Million |
|
Dongil Technology Ltd
KQ:032960
|
$29.28 Million |
|
Sapmer
PA:ALMER
|
$29.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PJP Makrum S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 163,108,000 to 166,178,000, a change of 3,070,000 (1.9%).
- Net income of 6,212,000 contributed positively to equity growth.
- Dividend payments of 3,051,000 reduced retained earnings.
- Other comprehensive income decreased equity by 90,927,000.
- Other factors increased equity by 90,836,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł6.21 Million | +3.74% |
| Dividends Paid | zł3.05 Million | -1.84% |
| Other Comprehensive Income | zł-90.93 Million | -54.72% |
| Other Changes | zł90.84 Million | +54.66% |
| Total Change | zł- | 1.88% |
Book Value vs Market Value Analysis
This analysis compares PJP Makrum 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: 0.64x
- 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 0.93x to 0.64x 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 | zł19.22 | zł17.80 | x |
| 2009-12-31 | zł18.40 | zł17.80 | x |
| 2010-12-31 | zł16.72 | zł17.80 | x |
| 2011-12-31 | zł16.92 | zł17.80 | x |
| 2012-12-31 | zł18.10 | zł17.80 | x |
| 2013-12-31 | zł18.25 | zł17.80 | x |
| 2014-12-31 | zł17.44 | zł17.80 | x |
| 2015-12-31 | zł15.65 | zł17.80 | x |
| 2016-12-31 | zł15.22 | zł17.80 | x |
| 2017-12-31 | zł16.94 | zł17.80 | x |
| 2018-12-31 | zł17.64 | zł17.80 | x |
| 2019-12-31 | zł18.01 | zł17.80 | x |
| 2020-12-31 | zł20.02 | zł17.80 | x |
| 2021-12-31 | zł19.98 | zł17.80 | x |
| 2022-12-31 | zł24.82 | zł17.80 | x |
| 2023-12-31 | zł27.00 | zł17.80 | x |
| 2024-12-31 | zł27.26 | zł17.80 | x |
| 2025-12-31 | zł27.78 | zł17.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PJP Makrum 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): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.26%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 3.66x
- Recent ROE (3.74%) is below the historical average (4.14%), 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 | 8.93% | 4.92% | 1.30x | 1.39x | zł-1.24 Million |
| 2009 | 0.50% | 0.47% | 0.82x | 1.31x | zł-10.53 Million |
| 2010 | -11.22% | -10.05% | 0.78x | 1.43x | zł-21.38 Million |
| 2011 | 1.04% | 0.68% | 1.10x | 1.40x | zł-9.13 Million |
| 2012 | 6.66% | 4.73% | 1.07x | 1.32x | zł-3.64 Million |
| 2013 | 3.51% | 2.43% | 0.99x | 1.45x | zł-7.13 Million |
| 2014 | -1.90% | -1.22% | 1.10x | 1.42x | zł-12.48 Million |
| 2015 | -8.43% | -6.05% | 0.99x | 1.40x | zł-17.25 Million |
| 2016 | -5.18% | -3.83% | 0.95x | 1.42x | zł-13.82 Million |
| 2017 | 10.70% | 5.44% | 1.06x | 1.85x | zł707.30K |
| 2018 | 10.47% | 4.22% | 1.39x | 1.79x | zł496.40K |
| 2019 | 5.16% | 2.04% | 1.16x | 2.18x | zł-5.22 Million |
| 2020 | 12.41% | 4.35% | 1.40x | 2.04x | zł2.89 Million |
| 2021 | 1.57% | 0.60% | 0.99x | 2.63x | zł-10.08 Million |
| 2022 | 19.23% | 5.36% | 1.54x | 2.32x | zł13.70 Million |
| 2023 | 10.94% | 4.14% | 1.05x | 2.52x | zł1.51 Million |
| 2024 | 6.41% | 2.35% | 1.12x | 2.43x | zł-5.85 Million |
| 2025 | 3.74% | 1.26% | 0.81x | 3.66x | zł-10.41 Million |
Industry Comparison
This section compares PJP Makrum S.A.'s net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $228,734,669
- Average return on equity (ROE) among peers: 2.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PJP Makrum S.A. (PJP) | zł166.18 Million | 8.93% | 2.66x | $29.31 Million |
| Atrem S.A. (ATR) | $35.17 Million | 7.19% | 1.46x | $140.73 Million |
| Budimex S.A. (BDX) | $882.13 Million | 52.65% | 5.80x | $5.03 Billion |
| Dekpol SA (DEK) | $39.72 Million | 8.36% | 2.35x | $159.72 Million |
| Energoaparatura S.A. (ENP) | $12.86 Million | 7.56% | 1.07x | $18.95 Million |
| Erbud SA (ERB) | $266.97 Million | 6.45% | 1.98x | $85.20 Million |
| INSTAL KRAKÓW SA (INK) | $227.27 Million | 5.34% | 0.76x | $74.99 Million |
| Interbud-Lublin SA (ITB) | $-4.00 Million | 0.00% | 0.00x | $4.41 Million |
| Mirbud SA (MRB) | $461.61 Million | 12.61% | 2.33x | $332.08 Million |
| MOSTOSTAL Płock SA (MSP) | $37.67 Million | -36.37% | 0.45x | $6.55 Million |
| Mostostal Warszawa S.A. (MSW) | $327.94 Million | -34.85% | 4.96x | $21.08 Million |
About PJP Makrum S.A.
PJP Makrum S.A. engages in manufactures and sells industrial equipment and provides industrial construction services in Poland and internationally. The company offers handling systems, aluminium façades, flood dams, crushing and grinding machines, parking platforms, industrial construction, forklifts, warehouse equipment, fire protection products, and aluminium joinery, lift-and-slide doors; and … Read more