ULMA Construccion Polska SA (ULM) - Net Assets

Latest as of September 2025: zł340.30 Million PLN ≈ $93.66 Million USD

Based on the latest financial reports, ULMA Construccion Polska SA (ULM) has net assets worth zł340.30 Million PLN (≈ $93.66 Million USD) 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 ≈ $114.30 Million USD) and total liabilities (zł75.00 Million ≈ $20.64 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 ULM total asset value for the complete picture of this company's asset base.

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. Check how tangible is ULMA Construccion Polska SA's equity to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see ULMA Construccion Polska SA (ULM) total market value.

Year	Net Assets	Change
2024-12-31	zł337.28 Million ≈ $92.82 Million	+0.46%
2023-12-31	zł335.73 Million ≈ $92.40 Million	-2.18%
2022-12-31	zł343.20 Million ≈ $94.45 Million	+2.32%
2021-12-31	zł335.43 Million ≈ $92.32 Million	-3.19%
2020-12-31	zł346.48 Million ≈ $95.36 Million	+0.68%
2019-12-31	zł344.13 Million ≈ $94.71 Million	+6.59%
2018-12-31	zł322.85 Million ≈ $88.85 Million	+9.14%
2017-12-31	zł295.82 Million ≈ $81.42 Million	-2.20%
2016-12-31	zł302.46 Million ≈ $83.24 Million	+4.60%
2015-12-31	zł289.16 Million ≈ $79.58 Million	+0.35%
2014-12-31	zł288.15 Million ≈ $79.30 Million	-3.67%
2013-12-31	zł299.13 Million ≈ $82.32 Million	-3.56%
2012-12-31	zł310.16 Million ≈ $85.36 Million	+1.81%
2011-12-31	zł304.63 Million ≈ $83.84 Million	+13.60%
2010-12-31	zł268.15 Million ≈ $73.80 Million	+4.42%
2009-12-31	zł256.80 Million ≈ $70.68 Million	-2.69%
2008-12-31	zł263.91 Million ≈ $72.63 Million	+9.37%
2007-12-31	zł241.30 Million ≈ $66.41 Million	+139.46%
2006-12-31	zł100.77 Million ≈ $27.73 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
Suwen Tekstil Sanayi Pazarlama AS IS:SUWEN	$76.68 Million
Wilmar Cahaya Indonesia Tbk JK:CEKA	$76.70 Million
Games Workshop Group PLC LSE:GAW	$76.71 Million
SEAL Incorporated Bhd KLSE:4286	$76.72 Million
Mdevice KQ:226590	$76.65 Million
KCTC Co. Ltd KO:009070	$76.65 Million
WORLDLINE S.A. UNSP.ADR F:WO60	$76.61 Million
Media Prima Bhd KLSE:4502	$76.58 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: 0.83x
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 2.57x to 0.83x 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	zł53.00	x
2007-12-31	zł46.94	zł53.00	x
2008-12-31	zł50.21	zł53.00	x
2009-12-31	zł48.86	zł53.00	x
2010-12-31	zł51.02	zł53.00	x
2011-12-31	zł57.96	zł53.00	x
2012-12-31	zł59.01	zł53.00	x
2013-12-31	zł56.92	zł53.00	x
2014-12-31	zł54.83	zł53.00	x
2015-12-31	zł55.02	zł53.00	x
2016-12-31	zł57.55	zł53.00	x
2017-12-31	zł56.29	zł53.00	x
2018-12-31	zł61.43	zł53.00	x
2019-12-31	zł65.48	zł53.00	x
2020-12-31	zł65.92	zł53.00	x
2021-12-31	zł63.82	zł53.00	x
2022-12-31	zł65.30	zł53.00	x
2023-12-31	zł63.88	zł53.00	x
2024-12-31	zł64.17	zł53.00	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: $86,994,000
Average return on equity (ROE) among peers: -5.79%

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	$76.66 Million
Herkules S.A. (HRS)	$86.99 Million	-5.79%	1.98x	$13.05 Million

About ULMA Construccion Polska SA

WAR:ULM Poland Rental & Leasing Services

Market Cap

$76.66 Million

zł278.55 Million PLN

Market Cap Rank

#20156 Global

#164 in Poland

Share Price

zł53.00

Change (1 day)

-1.85%

52-Week Range

zł51.00 - zł65.00

All Time High

zł74.00