Termorex
Termo-Rex S.A. provides heat treatment solutions in Poland and internationally. The company offers personal protective equipment, including masks, overalls, safety goggles, visors, surgical sets, aprons, and shoe protectors; and mobile and furnace heat treatment. It also engages in the leasing of resistance and induction heating equipment and mobile modular heat treatment furnace, as well as resi… Read more
Termorex (TRR) - Net Assets
Latest net assets as of September 2025: zł29.04 Million PLN
Based on the latest financial reports, Termorex (TRR) has net assets worth zł29.04 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 (zł33.25 Million) and total liabilities (zł4.21 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 | zł29.04 Million |
| % of Total Assets | 87.32% |
| Annual Growth Rate | 7.79% |
| 5-Year Change | 11.87% |
| 10-Year Change | 100.93% |
| Growth Volatility | 14.0 |
Termorex - Net Assets Trend (2012–2024)
This chart illustrates how Termorex's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Termorex (2012–2024)
The table below shows the annual net assets of Termorex from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł31.56 Million | +3.97% |
| 2023-12-31 | zł30.35 Million | +1.49% |
| 2022-12-31 | zł29.91 Million | -5.41% |
| 2021-12-31 | zł31.62 Million | +12.08% |
| 2020-12-31 | zł28.21 Million | +28.37% |
| 2019-12-31 | zł21.98 Million | +20.94% |
| 2018-12-31 | zł18.17 Million | -4.61% |
| 2017-12-31 | zł19.05 Million | +14.52% |
| 2016-12-31 | zł16.63 Million | +5.91% |
| 2015-12-31 | zł15.71 Million | -0.43% |
| 2014-12-31 | zł15.77 Million | +37.82% |
| 2013-12-31 | zł11.45 Million | -10.81% |
| 2012-12-31 | zł12.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Termorex'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 961.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł16.26 Million | 51.51% |
| Common Stock | zł11.35 Million | 35.97% |
| Other Components | zł3.95 Million | 12.52% |
| Total Equity | zł31.56 Million | 100.00% |
Termorex Competitors by Market Cap
The table below lists competitors of Termorex ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bullet Exploration Inc
V:AMMO
|
$3.15 Million |
|
Hitechpros
PA:ALHIT
|
$3.16 Million |
|
PT Mitra Pack Tbk
JK:PTMP
|
$3.16 Million |
|
Mex Polska S.A.
WAR:MEX
|
$3.16 Million |
|
yarrl S.A.
WAR:YRL
|
$3.15 Million |
|
Sumi Indo Kabel Tbk
JK:IKBI
|
$3.15 Million |
|
Ageson Bhd
KLSE:7145
|
$3.15 Million |
|
Aterian Inc
NASDAQ:ATER
|
$3.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Termorex's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,442,000 to 31,556,000, a change of 3,114,000 (10.9%).
- Net income of 9,957,000 contributed positively to equity growth.
- Share repurchases of 186,000 reduced equity.
- Other factors decreased equity by 6,657,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł9.96 Million | +31.55% |
| Share Repurchases | zł186.00K | -0.59% |
| Other Changes | zł-6.66 Million | -21.1% |
| Total Change | zł- | 10.95% |
Book Value vs Market Value Analysis
This analysis compares Termorex'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: 2.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.21x to 2.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | zł0.11 | zł0.71 | x |
| 2013-12-31 | zł0.10 | zł0.71 | x |
| 2014-12-31 | zł0.14 | zł0.71 | x |
| 2015-12-31 | zł0.14 | zł0.71 | x |
| 2016-12-31 | zł0.15 | zł0.71 | x |
| 2017-12-31 | zł0.17 | zł0.71 | x |
| 2018-12-31 | zł0.16 | zł0.71 | x |
| 2019-12-31 | zł0.19 | zł0.71 | x |
| 2020-12-31 | zł0.22 | zł0.71 | x |
| 2021-12-31 | zł0.24 | zł0.71 | x |
| 2022-12-31 | zł0.23 | zł0.71 | x |
| 2023-12-31 | zł0.25 | zł0.71 | x |
| 2024-12-31 | zł0.28 | zł0.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Termorex 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): 31.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.11%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.12x
- Recent ROE (31.55%) is above the historical average (5.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 10.80% | 10.92% | 0.68x | 1.45x | zł102.29K |
| 2013 | -12.12% | -7.25% | 1.11x | 1.51x | zł-2.53 Million |
| 2014 | 2.09% | 1.54% | 1.10x | 1.24x | zł-1.25 Million |
| 2015 | -0.43% | -0.32% | 1.08x | 1.25x | zł-1.64 Million |
| 2016 | 5.58% | 3.40% | 1.11x | 1.47x | zł-735.30K |
| 2017 | 4.53% | 2.38% | 1.26x | 1.51x | zł-1.04 Million |
| 2018 | -2.56% | -0.74% | 2.02x | 1.72x | zł-2.28 Million |
| 2019 | 17.27% | 5.93% | 1.59x | 1.83x | zł1.60 Million |
| 2020 | 6.95% | 3.16% | 1.10x | 1.99x | zł-752.30K |
| 2021 | 8.27% | 4.29% | 1.21x | 1.59x | zł-471.50K |
| 2022 | -5.84% | -3.35% | 1.02x | 1.71x | zł-4.07 Million |
| 2023 | 4.07% | 2.38% | 1.23x | 1.39x | zł-1.69 Million |
| 2024 | 31.55% | 51.11% | 0.55x | 1.12x | zł6.80 Million |
Industry Comparison
This section compares Termorex's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $113,644,333
- Average return on equity (ROE) among peers: 12.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Termorex (TRR) | zł29.04 Million | 10.80% | 0.15x | $3.15 Million |
| Izolacja Jarocin SA (IZO) | $18.39 Million | 7.20% | 0.32x | $1.53 Million |
| Megaron SA (MEG) | $15.43 Million | 21.23% | 1.17x | $446.45K |
| Zaklady Magnezytowe Ropczyce S.A. (RPC) | $307.11 Million | 8.97% | 0.40x | $11.53 Million |