Starhedge SA
Starhedge S.A., a financial holding company, engages in the real estate business in Poland and internationally. The company is involved in the construction of residential and non-residential buildings, as well as the purchase and sale of real estate. It also engages in the construction of pipelines and distribution networks; sale of technical fabrics; passive telecommunications network constructi… Read more
Starhedge SA (SHG) - Net Assets
Latest net assets as of September 2025: zł46.44 Million PLN
Based on the latest financial reports, Starhedge SA (SHG) has net assets worth zł46.44 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 (zł55.22 Million) and total liabilities (zł8.79 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 | zł46.44 Million |
| % of Total Assets | 84.09% |
| Annual Growth Rate | -1.02% |
| 5-Year Change | 17.61% |
| 10-Year Change | 511.77% |
| Growth Volatility | 52.47 |
Starhedge SA - Net Assets Trend (2008–2024)
This chart illustrates how Starhedge 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 Starhedge SA (2008–2024)
The table below shows the annual net assets of Starhedge SA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł60.87 Million | -8.35% |
| 2023-12-31 | zł66.42 Million | +5.86% |
| 2022-12-31 | zł62.74 Million | +18.22% |
| 2021-12-31 | zł53.08 Million | +2.55% |
| 2020-12-31 | zł51.76 Million | +5.00% |
| 2019-12-31 | zł49.30 Million | +23.14% |
| 2018-12-31 | zł40.03 Million | +11.53% |
| 2017-12-31 | zł35.89 Million | +70.19% |
| 2016-12-31 | zł21.09 Million | +111.95% |
| 2015-12-31 | zł9.95 Million | +13.22% |
| 2014-12-31 | zł8.79 Million | -88.80% |
| 2013-12-31 | zł78.49 Million | +134.64% |
| 2012-12-31 | zł33.45 Million | +11.88% |
| 2011-12-31 | zł29.90 Million | -53.16% |
| 2010-12-31 | zł63.83 Million | -1.72% |
| 2009-12-31 | zł64.95 Million | -9.48% |
| 2008-12-31 | zł71.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Starhedge 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 256.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł28.76 Million | 47.25% |
| Common Stock | zł32.11 Million | 52.75% |
| Other Comprehensive Income | zł1.00K | 0.00% |
| Total Equity | zł60.87 Million | 100.00% |
Starhedge SA Competitors by Market Cap
The table below lists competitors of Starhedge SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cheops Technology France SA
PA:MLCHE
|
$568.30K |
|
Venus Concept Inc
NASDAQ:VERO
|
$568.53K |
|
Tarku Resources Ltd
OTCQB:TRKUF
|
$568.73K |
|
SUEDWESTD SALZWERKE (SSH.SG)
STU:SSH
|
$568.79K |
|
Epitomee Medical Ltd
TA:EPIT
|
$567.43K |
|
HAYNES INTL
BE:HYVN
|
$567.38K |
|
CardioComm Solutions Inc
PINK:EKGGF
|
$567.12K |
|
M.O.B.A. Network AB (publ)
PINK:MOBNF
|
$567.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Starhedge SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,335,000 to 60,874,000, a change of 6,539,000 (12.0%).
- Net loss of 6,120,000 reduced equity.
- Other comprehensive income increased equity by 1,000.
- Other factors increased equity by 12,658,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-6.12 Million | -10.05% |
| Other Comprehensive Income | zł1.00K | +0.0% |
| Other Changes | zł12.66 Million | +20.79% |
| Total Change | zł- | 12.03% |
Book Value vs Market Value Analysis
This analysis compares Starhedge 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: 0.40x
- 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 0.01x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł37.76 | zł0.22 | x |
| 2009-12-31 | zł34.18 | zł0.22 | x |
| 2010-12-31 | zł33.60 | zł0.22 | x |
| 2011-12-31 | zł15.74 | zł0.22 | x |
| 2012-12-31 | zł18.10 | zł0.22 | x |
| 2013-12-31 | zł40.46 | zł0.22 | x |
| 2014-12-31 | zł2.03 | zł0.22 | x |
| 2015-12-31 | zł1.58 | zł0.22 | x |
| 2016-12-31 | zł2.96 | zł0.22 | x |
| 2017-12-31 | zł0.35 | zł0.22 | x |
| 2018-12-31 | zł0.40 | zł0.22 | x |
| 2019-12-31 | zł0.43 | zł0.22 | x |
| 2020-12-31 | zł0.47 | zł0.22 | x |
| 2021-12-31 | zł0.48 | zł0.22 | x |
| 2022-12-31 | zł0.47 | zł0.22 | x |
| 2023-12-31 | zł0.50 | zł0.22 | x |
| 2024-12-31 | zł0.56 | zł0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Starhedge 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): -10.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -305.39%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.04x
- Recent ROE (-10.05%) is above the historical average (-49.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.25% | 7.26% | 1.24x | 1.25x | zł898.80K |
| 2009 | 1.94% | 1.23% | 1.28x | 1.23x | zł-5.24 Million |
| 2010 | 0.12% | 0.07% | 1.29x | 1.25x | zł-6.31 Million |
| 2011 | -113.49% | -30.87% | 2.41x | 1.52x | zł-36.92 Million |
| 2012 | 10.62% | 6.53% | 1.62x | 1.00x | zł207.74K |
| 2013 | 16.67% | 112756.42% | 0.00x | 1.03x | zł5.23 Million |
| 2014 | -777.33% | -299828.84% | 0.00x | 1.03x | zł-69.20 Million |
| 2015 | -25.71% | -1437.08% | 0.01x | 1.20x | zł-3.55 Million |
| 2016 | 1.23% | 2600.97% | 0.00x | 1.44x | zł-1.85 Million |
| 2017 | 1.74% | 12.01% | 0.08x | 1.88x | zł-2.54 Million |
| 2018 | 12.20% | 11.27% | 0.61x | 1.76x | zł766.72K |
| 2019 | 8.23% | 7.78% | 0.56x | 1.89x | zł-676.98K |
| 2020 | 5.99% | 7.81% | 0.42x | 1.84x | zł-1.65 Million |
| 2021 | 1.77% | 1.86% | 0.51x | 1.88x | zł-3.45 Million |
| 2022 | 7.70% | 10.64% | 0.42x | 1.74x | zł-1.18 Million |
| 2023 | 5.97% | 8.76% | 0.38x | 1.78x | zł-2.19 Million |
| 2024 | -10.05% | -305.39% | 0.03x | 1.04x | zł-12.21 Million |
Industry Comparison
This section compares Starhedge SA's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $63,363,133
- Average return on equity (ROE) among peers: -18.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Starhedge SA (SHG) | zł46.44 Million | 11.25% | 0.19x | $567.44K |
| Columbus (CLC) | $73.85 Million | -0.24% | 0.03x | $21.11 Million |
| ML System S.A. (MLS) | $146.20 Million | 1.19% | 1.67x | $13.11 Million |
| Photon Energy N.V. (PEN) | $14.48 Million | -74.59% | 6.95x | $4.47 Million |
| SUNEX S.A. (SNX) | $18.92 Million | 0.77% | 0.76x | $5.54 Million |