T-Bull S.A (TBL) - Net Assets
Based on the latest financial reports, T-Bull S.A (TBL) has net assets worth zł2.22 Million PLN (≈ $610.15K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł5.04 Million ≈ $1.39 Million USD) and total liabilities (zł2.82 Million ≈ $777.24K 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 T-Bull S.A liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł2.22 Million |
| % of Total Assets | 43.98% |
| Annual Growth Rate | 1.04% |
| 5-Year Change | -81.96% |
| 10-Year Change | N/A |
| Growth Volatility | 65.08 |
T-Bull S.A - Net Assets Trend (2015–2024)
This chart illustrates how T-Bull S.A's net assets have evolved over time, based on quarterly financial data. Also explore T-Bull S.A (TBL) total assets for the complete picture of this company's asset base.
Annual Net Assets for T-Bull S.A (2015–2024)
The table below shows the annual net assets of T-Bull S.A from 2015 to 2024. For live valuation and market cap data, see T-Bull S.A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł3.12 Million ≈ $858.88K |
-49.76% |
| 2023-12-31 | zł6.21 Million ≈ $1.71 Million |
-42.29% |
| 2022-12-31 | zł10.76 Million ≈ $2.96 Million |
-44.60% |
| 2021-12-31 | zł19.43 Million ≈ $5.35 Million |
+12.29% |
| 2020-12-31 | zł17.30 Million ≈ $4.76 Million |
+3.90% |
| 2019-12-31 | zł16.65 Million ≈ $4.58 Million |
+13.81% |
| 2018-12-31 | zł14.63 Million ≈ $4.03 Million |
+12.91% |
| 2017-12-31 | zł12.96 Million ≈ $3.57 Million |
+68.69% |
| 2016-12-31 | zł7.68 Million ≈ $2.11 Million |
+170.20% |
| 2015-12-31 | zł2.84 Million ≈ $782.34K |
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Equity Component Analysis
This analysis shows how different components contribute to T-Bull 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 113.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł2.99 Million | 95.75% |
| Common Stock | zł118.83K | 3.81% |
| Other Comprehensive Income | zł13.77K | 0.44% |
| Other Components | zł1.00 | 0.00% |
| Total Equity | zł3.12 Million | 100.00% |
T-Bull S.A Competitors by Market Cap
The table below lists competitors of T-Bull S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Discovery Harbour Resources Corp
V:DHR
|
$818.93K |
|
Onconetix Inc
NASDAQ:ONCO
|
$819.49K |
|
Yolo SA
WAR:YOL
|
$821.08K |
|
Network Media Group Inc
V:NTE
|
$823.56K |
|
Nulegacy Gold Corporation
V:NUG
|
$816.76K |
|
Else Nutrition Holdings Inc
TO:BABY
|
$811.89K |
|
Pioneering Technology Corp
V:PTE
|
$810.79K |
|
Jade Leader Corp
V:JADE
|
$810.63K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T-Bull S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,673,725 to 3,120,766, a change of -3,552,959 (-53.2%).
- Net loss of 2,786,377 reduced equity.
- Other comprehensive income decreased equity by 298,816.
- Other factors decreased equity by 467,766.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-2.79 Million | -89.29% |
| Other Comprehensive Income | zł-298.82K | -9.58% |
| Other Changes | zł-467.77K | -14.99% |
| Total Change | zł- | -53.24% |
Book Value vs Market Value Analysis
This analysis compares T-Bull 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: 0.95x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | zł2.58 | zł2.50 | x |
| 2016-12-31 | zł7.16 | zł2.50 | x |
| 2017-12-31 | zł11.53 | zł2.50 | x |
| 2018-12-31 | zł12.54 | zł2.50 | x |
| 2019-12-31 | zł14.36 | zł2.50 | x |
| 2020-12-31 | zł14.92 | zł2.50 | x |
| 2021-12-31 | zł16.26 | zł2.50 | x |
| 2022-12-31 | zł9.41 | zł2.50 | x |
| 2023-12-31 | zł5.62 | zł2.50 | x |
| 2024-12-31 | zł2.63 | zł2.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T-Bull 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): -89.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.52%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.86x
- Recent ROE (-89.29%) is below the historical average (-14.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 49.20% | 35.68% | 0.90x | 1.54x | zł1.11 Million |
| 2016 | 62.84% | 56.79% | 0.92x | 1.20x | zł4.06 Million |
| 2017 | 39.42% | 62.05% | 0.55x | 1.15x | zł3.81 Million |
| 2018 | 4.47% | 8.87% | 0.41x | 1.23x | zł-808.66K |
| 2019 | 12.64% | 31.99% | 0.30x | 1.33x | zł439.22K |
| 2020 | 10.56% | 25.97% | 0.31x | 1.33x | zł96.12K |
| 2021 | -114.85% | -245.20% | 0.42x | 1.12x | zł-24.07 Million |
| 2022 | -68.17% | -93.39% | 0.69x | 1.05x | zł-8.74 Million |
| 2023 | -55.51% | -53.23% | 0.80x | 1.30x | zł-4.37 Million |
| 2024 | -89.29% | -49.52% | 0.97x | 1.86x | zł-3.10 Million |
Industry Comparison
This section compares T-Bull S.A's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $136,619,986
- Average return on equity (ROE) among peers: 15.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T-Bull S.A (TBL) | zł2.22 Million | 49.20% | 1.27x | $817.60K |
| 11 bit studios S.A (11B) | $2.56 Million | 50.48% | 0.17x | $106.37 Million |
| All In! Games S.A. (ALG) | $2.65 Million | 16.02% | 2.06x | $17.36 Million |
| Artifex Mundi SA (ART) | $55.19 Million | 21.86% | 0.18x | $69.69 Million |
| BoomBit S.A (BBT) | $66.82 Million | 18.75% | 0.35x | $23.50 Million |
| CD PROJEKT SA (CDR) | $1.11 Billion | 15.86% | 0.27x | $7.58 Billion |
| CI Games SA (CIG) | $75.23 Million | -10.45% | 0.21x | $166.48 Million |
| Creepy Jar SA (CRJ) | $35.48 Million | 63.16% | 0.07x | $113.18 Million |
| Gaming Factory S.A. (GIF) | $22.88 Million | -33.98% | 0.08x | $8.61 Million |
| Games Operators SA (GOP) | $20.01 Million | 16.70% | 0.14x | $20.36 Million |
| Huuuge Inc. (HUG) | $-20.27 Million | 0.00% | 0.00x | $254.09 Million |
About T-Bull S.A
T-Bull S.A. engages in the production and distribution of games for mobile and stationary devices in Poland. The company's games include Moto Rider GO, Top Speed, Bike Clash, Racing Xtreme 2, and Drive Stars: Sports Car Racing. It also operates in the area of PC and console games. T-Bull S.A. was incorporated in 2015 and is headquartered in Wroclaw, Poland.