Investment Evaluation - Financial statements possess 12 characteristics crucial for evaluating companies before investing [1] - These characteristics can increase the chances of choosing a winner [1] Resource - A resource is available to discover these 12 characteristics [1]

Financial Ratios & Analysis - Financial ratios standardize metrics from financial statements to assess business quality and compare company performance to its history and competitors [1][2] - Four key components of a business to focus on are financial strength, profitability, growth, and value [2][3] Financial Strength - Assessing financial strength involves examining debt management through leverage ratios and liquidity levels using ratios like quick or current ratio [4][5] - Guru Focus's stock summary page provides financial strength metrics for comparison against company history and industry competitors [5] Profitability - Profitability is assessed through margins (gross, operating, and net) and returns (return on assets, return on equity, and return on invested capital) [5][6][7] - Guru Focus's stock summary page provides profitability metrics [7] Growth & Valuation - Growth is evaluated by looking at historical and projected future growth rates [7][8] - Valuation involves comparing stock price to underlying business aspects using tools like price-to-earnings, price-to-sales, and price-to-book ratios, as well as GF Value [8][9] Investment Considerations - Investors should understand the difference between an underpriced stock and a stock that's cheap for a good reason [10]

Investment Analysis Framework - The industry suggests using a quick analytical litmus test to determine if a company warrants investment consideration [1] - Fundamental strength analysis can be efficiently conducted using the GF score [1] - Relative standing against competitors and margin maintenance ability can be assessed via the moat score on Guru Focus [2] - Industry overview tools on Guru Focus can help determine if a business operates in a supportive industry for growth [2][3] - Stocks that meet all three criteria warrant further investigation [3] Further Investigation - Major financial statements reported by publicly traded companies are important for deeper analysis [4] - Key financial metrics and ratios are used to analyze financial reports [4] - Common traps that can trip up investors should be avoided [4] - Developing a deeper level of understanding is crucial for long-term investors [4]

In Module 2.1 of Investing 101, we introduce the three core financial statements — the income statement, balance sheet, and cash flow statement. You’ll learn what each reveals about a company’s performance, why they matter to long-term investors, and how they work together to paint a complete picture of a business’s financial health. Keep learning at GuruFocus.com/GuruUniversity ...

Learn about the components of a company balance sheet—aka the statement of financial position—and how it relates to other financial statements. https://t.co/chOIUJM75w ...

Audit Opinion - An adverse opinion indicates significant inaccuracies in a company's financial statements [1] - The adverse opinion suggests the financial statements do not accurately reflect the company's financial standing or performance [1]

Financial Results - The Company aims to generate returns for shareholders through investments in income-generating real estate in the Baltic Sea Region, including Lithuania, Latvia, Estonia, Finland, Sweden, Denmark, Poland, and Germany [2] - As of December 31, 2024, the Company's total assets were EUR 75.648 million, total equity was EUR 43.448 million, and total liabilities were EUR 32.200 million [5] - The Company's investment assets at fair value through profit or loss increased by EUR 4.029 million (6.21%) compared to December 31, 2023, totaling EUR 69.908 million [5] - The Company reported a total comprehensive income of EUR 3.344 million for the year 2024 [5] Key Events - In 2024, the Company acquired investment properties valued at approximately EUR 23.9 million, including commercial buildings and land plots in Lithuania and Poland [5] - The Company issued private bonds with a nominal value of EUR 9.974 million and redeemed private bonds worth EUR 26.570 million during 2024 [5] - A public bond offering prospectus for EUR 35 million was approved on August 13, 2024, and the Company issued bonds totaling EUR 23.774 million during the year [5] - The third tranche of the public bond issuance was completed on January 19, 2025, with bonds issued totaling EUR 11.226 million [5] Shareholder Meeting - The shareholders will vote on the approval of the Group's and Company's 2024 financial statements at a meeting scheduled for April 30, 2025 [4][5] - Proposed profit distribution includes allocating EUR 1.275 million as dividends and transferring EUR 167,220 to the legal reserve [6] - Additional agenda items for the shareholders' meeting include amendments to the Company's Articles of Association and the establishment of an Audit Committee [6]