Soho Development SA
Soho Development S.A. operates as an investment company. It primarily focuses on investing in real estate, healthcare, food, and publishing sectors, as well as companies that are in the early stages of development. The company was formerly known as Black Lion Fund S.A. and changed its name to Soho Development S.A. in May 2015. Soho Development S.A. was founded in 1994 and is based in Warsaw, Pola… Read more
Soho Development SA (SHD) - Net Assets
Latest net assets as of September 2025: zł11.66 Million PLN
Based on the latest financial reports, Soho Development SA (SHD) has net assets worth zł11.66 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 (zł12.29 Million) and total liabilities (zł628.00K). 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 | zł11.66 Million |
| % of Total Assets | 94.89% |
| Annual Growth Rate | -13.45% |
| 5-Year Change | -50.65% |
| 10-Year Change | -96.54% |
| Growth Volatility | 47.78 |
Soho Development SA - Net Assets Trend (2008–2025)
This chart illustrates how Soho Development 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 Soho Development SA (2008–2025)
The table below shows the annual net assets of Soho Development SA from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | zł11.66 Million | -7.28% |
| 2024-09-30 | zł12.58 Million | -2.42% |
| 2023-09-30 | zł12.89 Million | -9.40% |
| 2022-09-30 | zł14.23 Million | -39.80% |
| 2021-09-30 | zł23.63 Million | -14.88% |
| 2020-09-30 | zł27.76 Million | -16.53% |
| 2019-09-30 | zł33.26 Million | -28.07% |
| 2018-09-30 | zł46.24 Million | -84.01% |
| 2017-09-30 | zł289.18 Million | -14.09% |
| 2016-09-30 | zł336.62 Million | +6.12% |
| 2015-09-30 | zł317.19 Million | -10.49% |
| 2014-09-30 | zł354.37 Million | -12.75% |
| 2013-09-30 | zł406.16 Million | +3.42% |
| 2012-09-30 | zł392.74 Million | -10.68% |
| 2011-09-30 | zł439.69 Million | -1.18% |
| 2010-09-30 | zł444.92 Million | +22.88% |
| 2009-09-30 | zł362.07 Million | +166.56% |
| 2008-09-30 | zł135.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Soho Development 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 20978800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | zł23.96 Million | 205.45% |
| Total Equity | zł11.66 Million | 100.00% |
Soho Development SA Competitors by Market Cap
The table below lists competitors of Soho Development SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Birman Wood and Hardware Ltd
TA:BIRM
|
$369.22K |
|
BANKUNITED
BE:BNU
|
$369.28K |
|
Hydrocarbon Dynamics Limited
PINK:PYMOF
|
$369.32K |
|
Ready Set Gold Corp
PINK:RDYFF
|
$369.35K |
|
FLG-P-U
NYSE:FLG-P-U
|
$369.01K |
|
Formuepleje Limittellus
CO:FPILIM
|
$368.96K |
|
Noble Metal Group Incorporated
V:NMG-H
|
$368.88K |
|
ALLIANCES DEVELOPPEMENT IMMOBILIER
BC:ALLIANCES
|
$368.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soho Development SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,577,000 to 11,661,000, a change of -916,000 (-7.3%).
- Net loss of 916,000 reduced equity.
- Other comprehensive income decreased equity by 21,803,000.
- Other factors increased equity by 21,803,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-916.00K | -7.86% |
| Other Comprehensive Income | zł-21.80 Million | -186.97% |
| Other Changes | zł21.80 Million | +186.97% |
| Total Change | zł- | -7.28% |
Book Value vs Market Value Analysis
This analysis compares Soho Development 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: 0.72x
- 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 increased from 0.04x to 0.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-09-30 | zł3.35 | zł0.13 | x |
| 2009-09-30 | zł7.71 | zł0.13 | x |
| 2010-09-30 | zł4.59 | zł0.13 | x |
| 2011-09-30 | zł4.30 | zł0.13 | x |
| 2012-09-30 | zł3.88 | zł0.13 | x |
| 2013-09-30 | zł3.37 | zł0.13 | x |
| 2014-09-30 | zł2.84 | zł0.13 | x |
| 2015-09-30 | zł2.85 | zł0.13 | x |
| 2016-09-30 | zł3.04 | zł0.13 | x |
| 2017-09-30 | zł2.79 | zł0.13 | x |
| 2018-09-30 | zł0.80 | zł0.13 | x |
| 2019-09-30 | zł1.05 | zł0.13 | x |
| 2020-09-30 | zł1.01 | zł0.13 | x |
| 2021-09-30 | zł0.86 | zł0.13 | x |
| 2022-09-30 | zł0.56 | zł0.13 | x |
| 2023-09-30 | zł0.60 | zł0.13 | x |
| 2024-09-30 | zł0.58 | zł0.13 | x |
| 2025-09-30 | zł0.19 | zł0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soho Development 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): -7.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-7.86%) is above the historical average (-15.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -172.75% | -351.14% | 0.10x | 4.94x | zł-234.25 Million |
| 2009 | 11.17% | 30.07% | 0.19x | 1.94x | zł3.86 Million |
| 2010 | 11.73% | 76.10% | 0.10x | 1.52x | zł7.40 Million |
| 2011 | 0.64% | 2.93% | 0.14x | 1.59x | zł-40.05 Million |
| 2012 | -15.15% | -60.67% | 0.13x | 1.89x | zł-98.28 Million |
| 2013 | -3.06% | -7.20% | 0.22x | 1.95x | zł-48.97 Million |
| 2014 | -12.69% | -40.84% | 0.18x | 1.75x | zł-71.65 Million |
| 2015 | 2.08% | 6.19% | 0.23x | 1.45x | zł-25.12 Million |
| 2016 | 4.67% | 77.20% | 0.04x | 1.55x | zł-17.93 Million |
| 2017 | 0.36% | 1.19% | 0.17x | 1.85x | zł-27.87 Million |
| 2018 | -132.53% | -39.39% | 0.83x | 4.04x | zł-65.90 Million |
| 2019 | 21.12% | 6.09% | 2.96x | 1.17x | zł3.70 Million |
| 2020 | -19.81% | -66.53% | 0.26x | 1.14x | zł-8.28 Million |
| 2021 | -17.48% | -289.08% | 0.06x | 1.10x | zł-6.49 Million |
| 2022 | 66.80% | 21597.73% | 0.00x | 1.12x | zł8.08 Million |
| 2023 | -10.37% | -7036.84% | 0.00x | 1.07x | zł-2.63 Million |
| 2024 | -2.48% | -4457.14% | 0.00x | 1.06x | zł-1.57 Million |
| 2025 | -7.86% | 0.00% | 0.00x | 1.05x | zł-2.08 Million |
Industry Comparison
This section compares Soho Development 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 |
|---|---|---|---|---|
| Soho Development SA (SHD) | zł11.66 Million | -172.75% | 0.05x | $369.03K |
| 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 |