Voxel S.A. (VOX) - Net Assets

Latest as of September 2025: zł390.08 Million PLN ≈ $107.36 Million USD

Based on the latest financial reports, Voxel S.A. (VOX) has net assets worth zł390.08 Million PLN (≈ $107.36 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 (zł676.24 Million ≈ $186.11 Million USD) and total liabilities (zł286.16 Million ≈ $78.76 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. Check VOX financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł390.08 Million
% of Total Assets	57.68%
Annual Growth Rate	12.29%
5-Year Change	102.37%
10-Year Change	229.86%
Growth Volatility	10.2

Voxel S.A. - Net Assets Trend (2010–2024)

This chart illustrates how Voxel S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore VOX total assets for the complete picture of this company's asset base.

Annual Net Assets for Voxel S.A. (2010–2024)

The table below shows the annual net assets of Voxel S.A. from 2010 to 2024. For live valuation and market cap data, see market cap of Voxel S.A..

Year	Net Assets	Change
2024-12-31	zł366.64 Million ≈ $100.90 Million	+24.11%
2023-12-31	zł295.41 Million ≈ $81.30 Million	+21.11%
2022-12-31	zł243.91 Million ≈ $67.13 Million	+5.81%
2021-12-31	zł230.53 Million ≈ $63.44 Million	+27.24%
2020-12-31	zł181.17 Million ≈ $49.86 Million	+16.31%
2019-12-31	zł155.77 Million ≈ $42.87 Million	+8.74%
2018-12-31	zł143.25 Million ≈ $39.43 Million	+9.81%
2017-12-31	zł130.46 Million ≈ $35.90 Million	+12.10%
2016-12-31	zł116.38 Million ≈ $32.03 Million	+4.71%
2015-12-31	zł111.15 Million ≈ $30.59 Million	+7.43%
2014-12-31	zł103.47 Million ≈ $28.48 Million	-4.98%
2013-12-31	zł108.89 Million ≈ $29.97 Million	+31.76%
2012-12-31	zł82.64 Million ≈ $22.74 Million	-0.89%
2011-12-31	zł83.39 Million ≈ $22.95 Million	+15.24%
2010-12-31	zł72.36 Million ≈ $19.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Voxel 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 26158367505.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł261.21 Million	72.44%
Common Stock	zł10.50 Million	2.91%
Other Components	zł88.86 Million	24.64%
Total Equity	zł360.57 Million	100.00%

Voxel S.A. Competitors by Market Cap

The table below lists competitors of Voxel S.A. ranked by their market capitalization.

Company	Market Cap
Intracom Holdings S.A. AT:INTRK	$288.78 Million
OneIM Acquisition Corp. Class A Ordinary Shares NASDAQ:OIM	$288.79 Million
Jiangxi Changyun Co Ltd SHG:600561	$288.90 Million
Taiga Building Products Ltd. TO:TBL	$288.92 Million
Plum Acquisition Corp. IV Unit NASDAQ:PLMKU	$288.73 Million
GOLDGROUP MINING INC. F:55G0	$288.47 Million
Zen Voce TWO:3581	$288.45 Million
Global Indemnity Group, LLC Class A Common Stock NASDAQ:GBLI	$288.42 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Voxel S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 293,313,800 to 360,569,200, a change of 67,255,400 (22.9%).
Net income of 96,452,600 contributed positively to equity growth.
Dividend payments of 34,574,000 reduced retained earnings.
Other factors increased equity by 5,376,800.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł96.45 Million	+26.75%
Dividends Paid	zł34.57 Million	-9.59%
Other Changes	zł5.38 Million	+1.49%
Total Change	zł-	22.93%

Book Value vs Market Value Analysis

This analysis compares Voxel 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: 2.91x
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 12.55x to 2.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-12-31	zł7.96	zł99.90	x
2011-12-31	zł9.32	zł99.90	x
2012-12-31	zł8.34	zł99.90	x
2013-12-31	zł10.37	zł99.90	x
2014-12-31	zł9.85	zł99.90	x
2015-12-31	zł10.57	zł99.90	x
2016-12-31	zł11.07	zł99.90	x
2017-12-31	zł12.41	zł99.90	x
2018-12-31	zł13.63	zł99.90	x
2019-12-31	zł14.83	zł99.90	x
2020-12-31	zł17.12	zł99.90	x
2021-12-31	zł21.80	zł99.90	x
2022-12-31	zł23.03	zł99.90	x
2023-12-31	zł27.93	zł99.90	x
2024-12-31	zł34.33	zł99.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Voxel 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): 26.75%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.00%
• Asset Turnover: 0.79x
• Equity Multiplier: 1.77x
Recent ROE (26.75%) is above the historical average (12.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	3.58%	4.19%	0.36x	2.39x	zł-4.62 Million
2011	-4.62%	-3.94%	0.48x	2.45x	zł-12.13 Million
2012	3.88%	5.55%	0.34x	2.03x	zł-5.06 Million
2013	2.79%	2.92%	0.48x	1.99x	zł-7.81 Million
2014	-3.31%	-3.33%	0.48x	2.08x	zł-13.77 Million
2015	12.91%	10.86%	0.62x	1.91x	zł3.23 Million
2016	9.46%	9.12%	0.54x	1.92x	zł-623.73K
2017	15.20%	13.01%	0.64x	1.83x	zł6.77 Million
2018	16.33%	13.72%	0.60x	1.97x	zł9.06 Million
2019	14.75%	10.85%	0.63x	2.17x	zł7.40 Million
2020	18.88%	10.37%	0.75x	2.44x	zł15.98 Million
2021	30.81%	15.94%	0.89x	2.16x	zł47.65 Million
2022	18.37%	10.71%	0.89x	1.93x	zł20.24 Million
2023	25.30%	17.49%	0.80x	1.80x	zł44.87 Million
2024	26.75%	19.00%	0.79x	1.77x	zł60.40 Million

Industry Comparison

This section compares Voxel S.A.'s net assets metrics with peer companies in the Diagnostics & Research industry.

Industry Context

Industry: Diagnostics & Research
Average net assets among peers: $45,989,113
Average return on equity (ROE) among peers: 3.62%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Voxel S.A. (VOX)	zł390.08 Million	3.58%	0.73x	$288.76 Million
Biomaxima (BMX)	$7.85 Million	12.73%	0.67x	$13.55 Million
Scope Fluidics SA (SCP)	$80.93 Million	-23.21%	0.25x	$103.68 Million
Selvita S.A. (SLV)	$49.19 Million	21.34%	0.48x	$176.81 Million

About Voxel S.A.

WAR:VOX Poland Diagnostics & Research

Market Cap

$288.76 Million

zł1.05 Billion PLN

Market Cap Rank

#15126 Global

#87 in Poland

Share Price

zł99.90

Change (1 day)

-0.89%

52-Week Range

zł94.00 - zł186.80

All Time High

zł186.80