ULMA Construccion Polska SA

WAR:ULM Poland Rental & Leasing Services
Market Cap
$79.00 Million
zł328.48 Million PLN
Market Cap Rank
#25637 Global
#174 in Poland
Share Price
zł62.50
Change (1 day)
+0.00%
52-Week Range
zł52.00 - zł65.00
All Time High
zł74.00
Categories
Companies in Poland Rental & Leasing Services
About

ULMA Construccion Polska S.A. provides formwork and scaffolding solutions and services in Poland and internationally. The company rents and sells scaffoldings systems, which include frame and ringlock scaffolding for use in restoration, industrial, and construction sites; formwork systems, including wall, column, slab, climbing, tunnel, and bridge formwork; safety equipment; timber beams and plyw… Read more

ULMA Construccion Polska SA (ULM) - Net Assets

Latest net assets as of September 2025: zł340.30 Million PLN

Based on the latest financial reports, ULMA Construccion Polska SA (ULM) has net assets worth zł340.30 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 (zł415.30 Million) and total liabilities (zł75.00 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 zł340.30 Million
% of Total Assets 81.94%
Annual Growth Rate 6.94%
5-Year Change -2.65%
10-Year Change 16.64%
Growth Volatility 31.84

ULMA Construccion Polska SA - Net Assets Trend (2006–2024)

This chart illustrates how ULMA Construccion Polska 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 ULMA Construccion Polska SA (2006–2024)

The table below shows the annual net assets of ULMA Construccion Polska SA from 2006 to 2024.

Year Net Assets Change
2024-12-31 zł337.28 Million +0.46%
2023-12-31 zł335.73 Million -2.18%
2022-12-31 zł343.20 Million +2.32%
2021-12-31 zł335.43 Million -3.19%
2020-12-31 zł346.48 Million +0.68%
2019-12-31 zł344.13 Million +6.59%
2018-12-31 zł322.85 Million +9.14%
2017-12-31 zł295.82 Million -2.20%
2016-12-31 zł302.46 Million +4.60%
2015-12-31 zł289.16 Million +0.35%
2014-12-31 zł288.15 Million -3.67%
2013-12-31 zł299.13 Million -3.56%
2012-12-31 zł310.16 Million +1.81%
2011-12-31 zł304.63 Million +13.60%
2010-12-31 zł268.15 Million +4.42%
2009-12-31 zł256.80 Million -2.69%
2008-12-31 zł263.91 Million +9.37%
2007-12-31 zł241.30 Million +139.46%
2006-12-31 zł100.77 Million --

Equity Component Analysis

This analysis shows how different components contribute to ULMA Construccion Polska 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 264.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings zł239.27 Million 70.94%
Common Stock zł10.51 Million 3.12%
Other Comprehensive Income zł-27.49 Million -8.15%
Other Components zł114.99 Million 34.09%
Total Equity zł337.28 Million 100.00%

ULMA Construccion Polska SA Competitors by Market Cap

The table below lists competitors of ULMA Construccion Polska SA ranked by their market capitalization.

Company Market Cap
Paru Co. Ltd
KQ:043200
 		$19.37 Million
Next Entertainment World Co. Ltd
KQ:160550
 		$19.37 Million
Bakrie Sumatera Plantations
JK:UNSP
 		$19.37 Million
Midsummer AB (publ)
ST:MIDS
 		$19.38 Million
Vardhman Holdings Limited
NSE:VHL
 		$19.36 Million
HSS Engineers Bhd
KLSE:0185
 		$19.35 Million
Ashford Hospitality Trust Inc
NYSE:AHT
 		$19.35 Million
Gigalane Co Ltd
KQ:049080
 		$19.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ULMA Construccion Polska SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 335,730,000 to 337,280,000, a change of 1,550,000 (0.5%).
  • Net income of 16,289,000 contributed positively to equity growth.
  • Dividend payments of 12,088,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 2,652,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income zł16.29 Million +4.83%
Dividends Paid zł12.09 Million -3.58%
Other Comprehensive Income zł-2.65 Million -0.79%
Other Changes zł1.00K +0.0%
Total Change zł- 0.46%

Book Value vs Market Value Analysis

This analysis compares ULMA Construccion Polska 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: 0.97x
  • 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 decreased from 3.03x to 0.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 zł20.60 zł62.50 x
2007-12-31 zł46.94 zł62.50 x
2008-12-31 zł50.21 zł62.50 x
2009-12-31 zł48.86 zł62.50 x
2010-12-31 zł51.02 zł62.50 x
2011-12-31 zł57.96 zł62.50 x
2012-12-31 zł59.01 zł62.50 x
2013-12-31 zł56.92 zł62.50 x
2014-12-31 zł54.83 zł62.50 x
2015-12-31 zł55.02 zł62.50 x
2016-12-31 zł57.55 zł62.50 x
2017-12-31 zł56.29 zł62.50 x
2018-12-31 zł61.43 zł62.50 x
2019-12-31 zł65.48 zł62.50 x
2020-12-31 zł65.92 zł62.50 x
2021-12-31 zł63.82 zł62.50 x
2022-12-31 zł65.30 zł62.50 x
2023-12-31 zł63.88 zł62.50 x
2024-12-31 zł64.17 zł62.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently ULMA Construccion Polska 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): 4.83%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.27%
  • • Asset Turnover: 0.54x
  • • Equity Multiplier: 1.23x
  • Recent ROE (4.83%) is below the historical average (8.26%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 32.68% 21.35% 0.63x 2.41x zł22.85 Million
2007 21.09% 22.86% 0.56x 1.65x zł26.75 Million
2008 9.80% 10.70% 0.49x 1.87x zł-538.00K
2009 -2.14% -3.13% 0.32x 2.12x zł-31.16 Million
2010 3.82% 4.75% 0.42x 1.91x zł-16.58 Million
2011 16.20% 16.76% 0.58x 1.67x zł18.89 Million
2012 6.59% 7.87% 0.57x 1.47x zł-10.59 Million
2013 0.03% 0.04% 0.54x 1.29x zł-29.82 Million
2014 -1.94% -2.90% 0.58x 1.15x zł-34.41 Million
2015 1.90% 3.02% 0.55x 1.14x zł-23.41 Million
2016 4.26% 7.14% 0.54x 1.11x zł-17.35 Million
2017 8.19% 12.03% 0.60x 1.14x zł-5.36 Million
2018 14.56% 21.01% 0.61x 1.14x zł14.71 Million
2019 13.43% 20.14% 0.58x 1.14x zł11.79 Million
2020 5.83% 10.59% 0.49x 1.13x zł-14.46 Million
2021 7.45% 11.90% 0.52x 1.20x zł-8.57 Million
2022 4.21% 7.19% 0.51x 1.15x zł-19.87 Million
2023 6.09% 10.04% 0.51x 1.18x zł-13.12 Million
2024 4.83% 7.27% 0.54x 1.23x zł-17.44 Million

Industry Comparison

This section compares ULMA Construccion Polska SA's net assets metrics with peer companies in the Rental & Leasing Services industry.

Industry Context

  • Industry: Rental & Leasing Services
  • Average net assets among peers: $129,136,000
  • Average return on equity (ROE) among peers: -5.28%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
ULMA Construccion Polska SA (ULM) zł340.30 Million 32.68% 0.22x $19.36 Million
Herkules S.A. (HRS) $129.14 Million -5.28% 1.70x $5.60 Million