Rank Progress S.A.
Rank Progress S.A. invests in, develops, rents, and sells commercial real estate properties in Poland and internationally. It develops shopping and service centers; shopping malls; and residential and office buildings. The company was founded in 1997 and is based in Legnica, Poland.
Rank Progress S.A. (RNK) - Net Assets
Latest net assets as of September 2025: zł540.61 Million PLN
Based on the latest financial reports, Rank Progress S.A. (RNK) has net assets worth zł540.61 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł873.21 Million) and total liabilities (zł332.60 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 | zł540.61 Million |
| % of Total Assets | 61.91% |
| Annual Growth Rate | 6.33% |
| 5-Year Change | 22.06% |
| 10-Year Change | 58.26% |
| Growth Volatility | 19.21 |
Rank Progress S.A. - Net Assets Trend (2009–2024)
This chart illustrates how Rank Progress S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rank Progress S.A. (2009–2024)
The table below shows the annual net assets of Rank Progress S.A. from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł531.74 Million | +8.11% |
| 2023-12-31 | zł491.87 Million | +4.81% |
| 2022-12-31 | zł469.27 Million | +6.82% |
| 2021-12-31 | zł439.31 Million | +0.84% |
| 2020-12-31 | zł435.65 Million | +14.25% |
| 2019-12-31 | zł381.31 Million | +5.37% |
| 2018-12-31 | zł361.88 Million | +2.81% |
| 2017-12-31 | zł351.98 Million | +0.58% |
| 2016-12-31 | zł349.95 Million | +4.16% |
| 2015-12-31 | zł335.99 Million | -13.01% |
| 2014-12-31 | zł386.22 Million | -13.28% |
| 2013-12-31 | zł445.34 Million | -3.32% |
| 2012-12-31 | zł460.65 Million | -5.34% |
| 2011-12-31 | zł486.64 Million | +40.80% |
| 2010-12-31 | zł345.61 Million | +63.24% |
| 2009-12-31 | zł211.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rank Progress 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 193.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł479.00 Million | 90.58% |
| Common Stock | zł3.72 Million | 0.70% |
| Other Comprehensive Income | zł490.00K | 0.09% |
| Other Components | zł45.63 Million | 8.63% |
| Total Equity | zł528.84 Million | 100.00% |
Rank Progress S.A. Competitors by Market Cap
The table below lists competitors of Rank Progress S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intrepid Metals Corp.
OTCQB:IMTCF
|
$18.27 Million |
|
Studio Mir Co. Ltd.
KQ:408900
|
$18.28 Million |
|
WOOJUNG BIO Inc
KQ:215380
|
$18.28 Million |
|
Toray Textiles (Thailand) Public Company Limited
BK:TTT
|
$18.29 Million |
|
Mospec Semiconductor Corp
TW:2434
|
$18.26 Million |
|
Ekiz Kimya Sanayi ve Ticaret AS
IS:EKIZ
|
$18.26 Million |
|
Flanigans Enterprises Inc
NYSE MKT:BDL
|
$18.25 Million |
|
Onyx Gold Corp.
PINK:ONXGF
|
$18.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rank Progress S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 491,865,000 to 528,842,000, a change of 36,977,000 (7.5%).
- Net income of 40,550,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł40.55 Million | +7.67% |
| Other Changes | zł-3.57 Million | -0.68% |
| Total Change | zł- | 7.52% |
Book Value vs Market Value Analysis
This analysis compares Rank Progress 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: 0.29x
- 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 0.65x to 0.29x 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 | zł6.38 | zł4.15 | x |
| 2010-12-31 | zł9.30 | zł4.15 | x |
| 2011-12-31 | zł13.07 | zł4.15 | x |
| 2012-12-31 | zł12.39 | zł4.15 | x |
| 2013-12-31 | zł11.98 | zł4.15 | x |
| 2014-12-31 | zł10.39 | zł4.15 | x |
| 2015-12-31 | zł9.04 | zł4.15 | x |
| 2016-12-31 | zł9.41 | zł4.15 | x |
| 2017-12-31 | zł9.47 | zł4.15 | x |
| 2018-12-31 | zł9.73 | zł4.15 | x |
| 2019-12-31 | zł10.26 | zł4.15 | x |
| 2020-12-31 | zł11.73 | zł4.15 | x |
| 2021-12-31 | zł11.91 | zł4.15 | x |
| 2022-12-31 | zł12.63 | zł4.15 | x |
| 2023-12-31 | zł13.23 | zł4.15 | x |
| 2024-12-31 | zł14.22 | zł4.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rank Progress 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): 7.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.33%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.62x
- Recent ROE (7.67%) is above the historical average (6.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 35.55% | 50.66% | 0.22x | 3.12x | zł53.01 Million |
| 2010 | 26.32% | 172.06% | 0.06x | 2.47x | zł56.41 Million |
| 2011 | 31.17% | 89.97% | 0.17x | 1.99x | zł103.02 Million |
| 2012 | 5.29% | 53.84% | 0.05x | 1.88x | zł-21.70 Million |
| 2013 | -2.46% | -24.08% | 0.04x | 2.29x | zł-55.50 Million |
| 2014 | -15.46% | -93.60% | 0.06x | 2.67x | zł-98.32 Million |
| 2015 | -15.12% | -68.93% | 0.08x | 2.88x | zł-84.41 Million |
| 2016 | 4.38% | 19.25% | 0.09x | 2.66x | zł-19.68 Million |
| 2017 | 0.52% | 2.15% | 0.10x | 2.31x | zł-33.37 Million |
| 2018 | 3.90% | 15.94% | 0.11x | 2.17x | zł-22.07 Million |
| 2019 | 2.12% | 7.77% | 0.13x | 2.03x | zł-30.05 Million |
| 2020 | 12.50% | 45.67% | 0.14x | 1.96x | zł10.89 Million |
| 2021 | 0.54% | 3.86% | 0.07x | 1.87x | zł-41.89 Million |
| 2022 | 5.46% | 41.96% | 0.07x | 1.83x | zł-21.30 Million |
| 2023 | 4.88% | 33.71% | 0.08x | 1.81x | zł-25.19 Million |
| 2024 | 7.67% | 25.33% | 0.19x | 1.62x | zł-12.33 Million |
Industry Comparison
This section compares Rank Progress S.A.'s net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $467,573,000
- Average return on equity (ROE) among peers: 10.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rank Progress S.A. (RNK) | zł540.61 Million | 35.55% | 0.62x | $18.26 Million |
| CPD SA (CPD) | $-102.00K | 0.00% | 0.00x | $2.07 Million |
| Echo Investment SA (ECH) | $935.25 Million | 20.79% | 1.30x | $177.69 Million |