Photon Energy N.V. (PEN) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.119x

Based on the latest financial reports, Photon Energy N.V. (PEN) has a cash flow conversion efficiency ratio of 0.119x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (zł6.23 Million ≈ $1.72 Million USD) by net assets (zł52.37 Million ≈ $14.41 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Photon Energy N.V. - Cash Flow Conversion Efficiency Trend (2011–2025)

This chart illustrates how Photon Energy N.V.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read PEN liabilities breakdown for a breakdown of total debt and financial obligations.

Photon Energy N.V. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Photon Energy N.V. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Sub Sri Thai Public Company Limited BK:SST	0.048x
Trigon Metals Inc V:TM	0.195x
Volt Resources Ltd AU:VRC	-0.029x
RLF Agtech Ltd AU:RLF	-0.192x
Aurania Resources Ltd V:ARU	0.119x
Tecnisa S.A SA:TCSA3	-0.039x
Allarity Therapeutics Inc NASDAQ:ALLR	-0.330x
Eureka Design Public Company Limited BK:UREKA	0.002x

Annual Cash Flow Conversion Efficiency for Photon Energy N.V. (2011–2025)

The table below shows the annual cash flow conversion efficiency of Photon Energy N.V. from 2011 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Photon Energy N.V..

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	zł52.37 Million ≈ $14.41 Million	zł20.57 Million ≈ $5.66 Million	0.393x	+64.77%
2024-12-31	zł60.06 Million ≈ $16.53 Million	zł14.32 Million ≈ $3.94 Million	0.238x	+129.66%
2023-12-31	zł69.50 Million ≈ $19.13 Million	zł7.21 Million ≈ $1.99 Million	0.104x	+156.93%
2022-12-31	zł70.47 Million ≈ $19.40 Million	zł2.85 Million ≈ $783.54K	0.040x	-66.53%
2021-12-31	zł51.54 Million ≈ $14.18 Million	zł6.22 Million ≈ $1.71 Million	0.121x	-13.01%
2020-12-31	zł40.08 Million ≈ $11.03 Million	zł5.56 Million ≈ $1.53 Million	0.139x	-19.66%
2019-12-31	zł37.84 Million ≈ $10.41 Million	zł6.54 Million ≈ $1.80 Million	0.173x	-32.80%
2018-12-31	zł29.78 Million ≈ $8.20 Million	zł7.65 Million ≈ $2.11 Million	0.257x	+150.96%
2017-12-31	zł25.98 Million ≈ $7.15 Million	zł2.66 Million ≈ $732.35K	0.102x	+21.69%
2016-12-31	zł24.18 Million ≈ $6.65 Million	zł2.04 Million ≈ $560.06K	0.084x	-33.67%
2015-12-31	zł28.54 Million ≈ $7.85 Million	zł3.62 Million ≈ $996.55K	0.127x	+105.28%
2014-12-31	zł28.18 Million ≈ $7.76 Million	zł1.74 Million ≈ $479.42K	0.062x	+106.51%
2013-12-31	zł26.72 Million ≈ $7.35 Million	zł-25.38 Million ≈ $-6.98 Million	-0.950x	-1409.42%
2012-12-31	zł14.48 Million ≈ $3.98 Million	zł-911.00K ≈ $-250.72K	-0.063x	-65.53%
2011-12-31	zł17.49 Million ≈ $4.81 Million	zł-665.00K ≈ $-183.02K	-0.038x	--

About Photon Energy N.V.

WAR:PEN Poland Solar

Market Cap

$18.20 Million

zł66.14 Million PLN

Market Cap Rank

#25321 Global

#256 in Poland

Share Price

zł1.10

Change (1 day)

-0.90%

52-Week Range

zł1.10 - zł3.55

All Time High

zł22.60