Triton Development S.A. (TRI) - Net Assets
Based on the latest financial reports, Triton Development S.A. (TRI) has net assets worth zł82.89 Million PLN (≈ $22.81 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł117.74 Million ≈ $32.40 Million USD) and total liabilities (zł34.85 Million ≈ $9.59 Million 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. Also explore TRI total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł82.89 Million |
| % of Total Assets | 70.4% |
| Annual Growth Rate | -3.07% |
| 5-Year Change | -3.24% |
| 10-Year Change | 2.95% |
| Growth Volatility | 7.96 |
Triton Development S.A. - Net Assets Trend (2008–2025)
This chart illustrates how Triton Development S.A.'s net assets have evolved over time, based on quarterly financial data. Check Triton Development S.A. (TRI) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Triton Development S.A. (2008–2025)
The table below shows the annual net assets of Triton Development S.A. from 2008 to 2025. For live valuation and market cap data, see market cap of Triton Development S.A..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł82.48 Million ≈ $22.70 Million |
+4.89% |
| 2024-12-31 | zł78.64 Million ≈ $21.64 Million |
-2.52% |
| 2023-12-31 | zł80.67 Million ≈ $22.20 Million |
-5.29% |
| 2022-12-31 | zł85.18 Million ≈ $23.44 Million |
-0.08% |
| 2021-12-31 | zł85.25 Million ≈ $23.46 Million |
+1.21% |
| 2020-12-31 | zł84.23 Million ≈ $23.18 Million |
-3.29% |
| 2019-12-31 | zł87.09 Million ≈ $23.97 Million |
-2.06% |
| 2018-12-31 | zł88.93 Million ≈ $24.47 Million |
+4.72% |
| 2017-12-31 | zł84.92 Million ≈ $23.37 Million |
+5.99% |
| 2016-12-31 | zł80.12 Million ≈ $22.05 Million |
-10.97% |
| 2015-12-31 | zł90.00 Million ≈ $24.77 Million |
-7.21% |
| 2014-12-31 | zł96.99 Million ≈ $26.69 Million |
-8.11% |
| 2013-12-31 | zł105.55 Million ≈ $29.05 Million |
-7.54% |
| 2012-12-31 | zł114.17 Million ≈ $31.42 Million |
-13.87% |
| 2011-12-31 | zł132.55 Million ≈ $36.48 Million |
-3.73% |
| 2010-12-31 | zł137.69 Million ≈ $37.89 Million |
-16.31% |
| 2009-12-31 | zł164.52 Million ≈ $45.28 Million |
+17.46% |
| 2008-12-31 | zł140.07 Million ≈ $38.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Triton Development 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 decreased by 185.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | zł89.70 Million | 108.75% |
| Total Equity | zł82.49 Million | 100.00% |
Triton Development S.A. Competitors by Market Cap
The table below lists competitors of Triton Development S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Balkrishna Paper Mills Limited
NSE:BALKRISHNA
|
$6.10 Million |
|
Ecclesiastical Insurance Office plc
LSE:ELLA
|
$6.11 Million |
|
enVVeno Medical Corp
NASDAQ:NVNO
|
$6.11 Million |
|
Intertainment AG
XETRA:ITN
|
$6.12 Million |
|
XP Power Ltd
LSE:XPP
|
$6.09 Million |
|
Signature Resources Ltd
V:SGU
|
$6.09 Million |
|
Itech Minerals Ltd
AU:ITM
|
$6.08 Million |
|
Curvebeam Ai Ltd
AU:CVB
|
$6.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triton Development S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 78,639,000 to 82,487,000, a change of 3,848,000 (4.9%).
- Net income of 3,852,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł3.85 Million | +4.67% |
| Other Changes | zł-4.00K | -0.0% |
| Total Change | zł- | 4.89% |
Book Value vs Market Value Analysis
This analysis compares Triton Development 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: 0.27x
- 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 0.15x to 0.27x 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 | zł22.64 | zł3.48 | x |
| 2009-12-31 | zł26.73 | zł3.48 | x |
| 2010-12-31 | zł21.63 | zł3.48 | x |
| 2011-12-31 | zł20.83 | zł3.48 | x |
| 2012-12-31 | zł17.88 | zł3.48 | x |
| 2013-12-31 | zł16.58 | zł3.48 | x |
| 2014-12-31 | zł15.24 | zł3.48 | x |
| 2015-12-31 | zł14.14 | zł3.48 | x |
| 2016-12-31 | zł12.59 | zł3.48 | x |
| 2017-12-31 | zł13.34 | zł3.48 | x |
| 2018-12-31 | zł13.97 | zł3.48 | x |
| 2019-12-31 | zł13.68 | zł3.48 | x |
| 2020-12-31 | zł13.23 | zł3.48 | x |
| 2021-12-31 | zł13.39 | zł3.48 | x |
| 2022-12-31 | zł13.38 | zł3.48 | x |
| 2023-12-31 | zł12.68 | zł3.48 | x |
| 2024-12-31 | zł12.36 | zł3.48 | x |
| 2025-12-31 | zł12.96 | zł3.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triton Development 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): 4.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.53x
- Recent ROE (4.67%) is above the historical average (-1.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.81% | 36.44% | 0.30x | 2.57x | zł24.94 Million |
| 2009 | 0.03% | 0.18% | 0.08x | 2.00x | zł-16.40 Million |
| 2010 | 0.74% | 0.87% | 0.33x | 2.60x | zł-12.75 Million |
| 2011 | -3.54% | -5.38% | 0.33x | 2.02x | zł-17.95 Million |
| 2012 | -16.10% | -89.60% | 0.10x | 1.84x | zł-29.80 Million |
| 2013 | -8.16% | -26.65% | 0.18x | 1.74x | zł-19.17 Million |
| 2014 | -8.83% | -25.21% | 0.22x | 1.60x | zł-18.26 Million |
| 2015 | -7.77% | -19.31% | 0.30x | 1.34x | zł-15.99 Million |
| 2016 | -12.32% | -33.82% | 0.24x | 1.52x | zł-17.89 Million |
| 2017 | 5.65% | 12.24% | 0.37x | 1.25x | zł-3.69 Million |
| 2018 | 4.50% | 12.19% | 0.34x | 1.09x | zł-4.89 Million |
| 2019 | -2.11% | -9.82% | 0.19x | 1.12x | zł-10.55 Million |
| 2020 | -3.40% | -8.88% | 0.33x | 1.15x | zł-11.29 Million |
| 2021 | 1.20% | 2.67% | 0.35x | 1.28x | zł-7.50 Million |
| 2022 | -0.08% | -0.23% | 0.31x | 1.18x | zł-8.59 Million |
| 2023 | -5.28% | -28.15% | 0.12x | 1.63x | zł-12.32 Million |
| 2024 | -7.43% | -25.89% | 0.14x | 2.11x | zł-13.71 Million |
| 2025 | 4.67% | 3.96% | 0.77x | 1.53x | zł-4.40 Million |
Industry Comparison
This section compares Triton Development S.A.'s net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $303,739,500
- Average return on equity (ROE) among peers: 25.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triton Development S.A. (TRI) | zł82.89 Million | 27.81% | 0.42x | $6.10 Million |
| ED Invest S.A. (EDI) | $48.09 Million | 12.11% | 1.41x | $22.62 Million |
| Murapol S.A. (MUR) | $559.38 Million | 39.16% | 2.32x | $435.68 Million |
About Triton Development S.A.
Triton Development S.A. engages in the residential construction business in Poland. It offers apartments in multi-family buildings, and single-family and semi-detached houses. The company also offers rental services and real estate administration services, as well as engages in investment brokerage business. The company was founded in 1992 and is based in Warsaw, Poland.