Quercus TFI SA

WAR:QRS Poland Asset Management
Market Cap
$127.56 Million
zł530.39 Million PLN
Market Cap Rank
#19898 Global
#106 in Poland
Share Price
zł11.15
Change (1 day)
-2.19%
52-Week Range
zł9.36 - zł13.55
All Time High
zł13.55
Categories
Companies in Poland Asset Management Banking & Financial
About

Quercus TFI S.A. is a publicly owned investment manager. The firm also provides investment consulting services to its clients. It primarily provides its services to high net-worth and ultra-high-net worth investors. The firm launches and manages equity, fixed income, commodity, multi-assets, and balanced mutual funds for its clients. It also manages separate client-focused portfolios. The firm in… Read more

Quercus TFI SA (QRS) - Net Assets

Latest net assets as of June 2025: zł82.15 Million PLN

Based on the latest financial reports, Quercus TFI SA (QRS) has net assets worth zł82.15 Million PLN as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł190.05 Million) and total liabilities (zł107.90 Million). 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 zł82.15 Million
% of Total Assets 43.23%
Annual Growth Rate 19.19%
5-Year Change 99.45%
10-Year Change 149.77%
Growth Volatility 39.41

Quercus TFI SA - Net Assets Trend (2009–2024)

This chart illustrates how Quercus TFI 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 Quercus TFI SA (2009–2024)

The table below shows the annual net assets of Quercus TFI SA from 2009 to 2024.

Year Net Assets Change
2024-12-31 zł119.62 Million +14.01%
2023-12-31 zł104.92 Million +21.52%
2022-12-31 zł86.33 Million -3.63%
2021-12-31 zł89.59 Million +49.38%
2020-12-31 zł59.97 Million -2.64%
2019-12-31 zł61.60 Million +46.59%
2018-12-31 zł42.02 Million -19.52%
2017-12-31 zł52.22 Million +12.18%
2016-12-31 zł46.55 Million -2.80%
2015-12-31 zł47.89 Million -0.39%
2014-12-31 zł48.08 Million -11.63%
2013-12-31 zł54.41 Million +91.44%
2012-12-31 zł28.42 Million -2.09%
2011-12-31 zł29.03 Million +50.80%
2010-12-31 zł19.25 Million +124.03%
2009-12-31 zł8.59 Million --

Equity Component Analysis

This analysis shows how different components contribute to Quercus TFI 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 5205364075.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings zł46.81 Million 41.27%
Common Stock zł5.21 Million 4.59%
Other Comprehensive Income zł32.56 Million 28.71%
Other Components zł28.84 Million 25.43%
Total Equity zł113.42 Million 100.00%

Quercus TFI SA Competitors by Market Cap

The table below lists competitors of Quercus TFI SA ranked by their market capitalization.

Company Market Cap
Sirca Paints India Limited
NSE:SIRCA
 		$66.77 Million
ABC Taiwan Electronics
TWO:3236
 		$66.77 Million
Investigator Resources Ltd
AU:IVR
 		$66.77 Million
11 bit studios S.A
WAR:11B
 		$66.79 Million
Autohellas S.A
PINK:AOHLF
 		$66.70 Million
Sunspring Metal Corp
TW:2062
 		$66.69 Million
Cloud Air Co.Ltd
KQ:036170
 		$66.69 Million
The Joint Corp
NASDAQ:JYNT
 		$66.68 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Quercus TFI SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 99,376,000 to 113,418,000, a change of 14,042,000 (14.1%).
  • Net income of 43,233,000 contributed positively to equity growth.
  • Dividend payments of 764,000 reduced retained earnings.
  • Share repurchases of 29,234,000 reduced equity.
  • Other comprehensive income increased equity by 379,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income zł43.23 Million +38.12%
Dividends Paid zł764.00K -0.67%
Share Repurchases zł29.23 Million -25.78%
Other Comprehensive Income zł379.00K +0.33%
Other Changes zł428.00K +0.38%
Total Change zł- 14.13%

Book Value vs Market Value Analysis

This analysis compares Quercus TFI 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: 5.12x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 90.84x to 5.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-12-31 zł0.12 zł11.15 x
2010-12-31 zł0.27 zł11.15 x
2011-12-31 zł0.41 zł11.15 x
2012-12-31 zł0.40 zł11.15 x
2013-12-31 zł0.77 zł11.15 x
2014-12-31 zł0.70 zł11.15 x
2015-12-31 zł0.74 zł11.15 x
2016-12-31 zł0.74 zł11.15 x
2017-12-31 zł0.87 zł11.15 x
2018-12-31 zł0.73 zł11.15 x
2019-12-31 zł1.08 zł11.15 x
2020-12-31 zł1.09 zł11.15 x
2021-12-31 zł1.52 zł11.15 x
2022-12-31 zł1.44 zł11.15 x
2023-12-31 zł1.80 zł11.15 x
2024-12-31 zł2.18 zł11.15 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Quercus TFI 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): 38.12%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 27.89%
  • • Asset Turnover: 0.81x
  • • Equity Multiplier: 1.69x
  • Recent ROE (38.12%) is below the historical average (38.49%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2009 -16.19% -21.86% 0.61x 1.21x zł-2.25 Million
2010 54.82% 23.68% 1.49x 1.55x zł8.63 Million
2011 50.82% 26.04% 1.64x 1.19x zł11.85 Million
2012 47.86% 28.20% 1.33x 1.27x zł10.76 Million
2013 71.27% 31.76% 1.51x 1.48x zł33.34 Million
2014 65.27% 30.20% 1.79x 1.21x zł26.58 Million
2015 63.66% 31.90% 1.54x 1.30x zł25.70 Million
2016 61.21% 29.03% 1.64x 1.28x zł23.84 Million
2017 65.18% 28.58% 1.77x 1.29x zł28.81 Million
2018 -24.26% -11.89% 1.30x 1.57x zł-14.40 Million
2019 31.78% 32.09% 0.71x 1.39x zł13.42 Million
2020 29.74% 28.26% 0.70x 1.50x zł11.84 Million
2021 28.03% 30.54% 0.42x 2.19x zł16.16 Million
2022 17.39% 15.48% 0.58x 1.95x zł5.99 Million
2023 31.14% 26.36% 0.57x 2.06x zł21.01 Million
2024 38.12% 27.89% 0.81x 1.69x zł31.89 Million

Industry Comparison

This section compares Quercus TFI SA's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $114,102,591
  • Average return on equity (ROE) among peers: -6.88%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Quercus TFI SA (QRS) zł82.15 Million -16.19% 1.31x $66.74 Million
Magna Polonia SA (06N) $8.85 Million 9.69% 11.00x $5.84 Million
Alta S.A. (AAT) $204.52 Million 3.71% 0.00x $2.97 Million
Altustfi (ALI) $152.77 Million 9.88% 0.15x $16.35 Million
Capital Partners S.A. (CPA) $43.17 Million -27.66% 0.14x $3.14 Million
Caspar (CSR) $25.16 Million 33.65% 0.31x $1.77 Million
One SA (FMG) $30.74 Million 2.55% 1.56x $2.39 Million
Immobile (GKI) $148.04 Million 1.55% 0.89x $47.60 Million
Impera Capital S.A. (IMP) $17.44 Million 11.94% 0.05x $1.36 Million
JR Invest SA (JRH) $302.37 Million -124.48% 0.48x $13.46 Million
MCI Management SA (MCI) $207.96 Million 10.36% 0.44x $94.64 Million