Bank Handlowy w Warszawie SA (BHW) - Net Assets
Based on the latest financial reports, Bank Handlowy w Warszawie SA (BHW) has net assets worth zł10.08 Billion PLN (≈ $2.78 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł88.23 Billion ≈ $24.28 Billion USD) and total liabilities (zł78.15 Billion ≈ $21.51 Billion 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 Bank Handlowy w Warszawie SA (BHW) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł10.08 Billion |
| % of Total Assets | 11.43% |
| Annual Growth Rate | 2.29% |
| 5-Year Change | 36.01% |
| 10-Year Change | 47.89% |
| Growth Volatility | 7.45 |
Bank Handlowy w Warszawie SA - Net Assets Trend (2004–2025)
This chart illustrates how Bank Handlowy w Warszawie SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Bank Handlowy w Warszawie SA market capitalisation.
Annual Net Assets for Bank Handlowy w Warszawie SA (2004–2025)
The table below shows the annual net assets of Bank Handlowy w Warszawie SA from 2004 to 2025. Also explore BHW year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł10.04 Billion ≈ $2.76 Billion |
+1.76% |
| 2024-12-31 | zł9.87 Billion ≈ $2.72 Billion |
+1.43% |
| 2023-12-31 | zł9.73 Billion ≈ $2.68 Billion |
+22.23% |
| 2022-12-31 | zł7.96 Billion ≈ $2.19 Billion |
+7.81% |
| 2021-12-31 | zł7.38 Billion ≈ $2.03 Billion |
-2.61% |
| 2020-12-31 | zł7.58 Billion ≈ $2.09 Billion |
+7.16% |
| 2019-12-31 | zł7.07 Billion ≈ $1.95 Billion |
+0.25% |
| 2018-12-31 | zł7.06 Billion ≈ $1.94 Billion |
+1.70% |
| 2017-12-31 | zł6.94 Billion ≈ $1.91 Billion |
+2.19% |
| 2016-12-31 | zł6.79 Billion ≈ $1.87 Billion |
-0.88% |
| 2015-12-31 | zł6.85 Billion ≈ $1.89 Billion |
-7.56% |
| 2014-12-31 | zł7.41 Billion ≈ $2.04 Billion |
+1.42% |
| 2013-12-31 | zł7.31 Billion ≈ $2.01 Billion |
-1.14% |
| 2012-12-31 | zł7.39 Billion ≈ $2.03 Billion |
+14.69% |
| 2011-12-31 | zł6.44 Billion ≈ $1.77 Billion |
-0.75% |
| 2010-12-31 | zł6.49 Billion ≈ $1.79 Billion |
+4.74% |
| 2009-12-31 | zł6.20 Billion ≈ $1.71 Billion |
+10.20% |
| 2008-12-31 | zł5.63 Billion ≈ $1.55 Billion |
+0.41% |
| 2007-12-31 | zł5.60 Billion ≈ $1.54 Billion |
+3.42% |
| 2006-12-31 | zł5.42 Billion ≈ $1.49 Billion |
+3.22% |
| 2005-12-31 | zł5.25 Billion ≈ $1.44 Billion |
-15.87% |
| 2004-12-31 | zł6.24 Billion ≈ $1.72 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Bank Handlowy w Warszawie 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 344.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł2.30 Billion | 22.88% |
| Common Stock | zł522.64 Million | 5.20% |
| Other Comprehensive Income | zł4.25 Billion | 42.30% |
| Other Components | zł2.97 Billion | 29.61% |
| Total Equity | zł10.04 Billion | 100.00% |
Bank Handlowy w Warszawie SA Competitors by Market Cap
The table below lists competitors of Bank Handlowy w Warszawie SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Magnolia Oil & Gas Corp
NYSE:MGY
|
$4.25 Billion |
|
Cleanaway Waste Management Ltd
AU:CWY
|
$4.25 Billion |
|
Griffon Corporation
NYSE:GFF
|
$4.25 Billion |
|
Scorpio Tankers Inc
NYSE:STNG
|
$4.26 Billion |
|
BICECORP S.A
SN:BICECORP
|
$4.25 Billion |
|
Etablissementen Franz Colruyt NV
BR:COLR
|
$4.25 Billion |
|
Dexus
AU:DXS
|
$4.24 Billion |
|
Franklin Electric Co Inc
NASDAQ:FELE
|
$4.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank Handlowy w Warszawie SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,868,531,000 to 10,042,307,000, a change of 173,776,000 (1.8%).
- Net income of 1,666,344,000 contributed positively to equity growth.
- Dividend payments of 1,791,328,000 reduced retained earnings.
- Share repurchases of 16,667,000 reduced equity.
- Other comprehensive income increased equity by 4,248,037,999.
- Other factors decreased equity by 3,932,610,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł1.67 Billion | +16.59% |
| Dividends Paid | zł1.79 Billion | -17.84% |
| Share Repurchases | zł16.67 Million | -0.17% |
| Other Comprehensive Income | zł4.25 Billion | +42.3% |
| Other Changes | zł-3.93 Billion | -39.16% |
| Total Change | zł- | 1.76% |
Book Value vs Market Value Analysis
This analysis compares Bank Handlowy w Warszawie 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: 1.54x
- 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 2.48x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | zł47.75 | zł118.40 | x |
| 2005-12-31 | zł40.17 | zł118.40 | x |
| 2006-12-31 | zł41.47 | zł118.40 | x |
| 2007-12-31 | zł42.88 | zł118.40 | x |
| 2008-12-31 | zł43.06 | zł118.40 | x |
| 2009-12-31 | zł47.45 | zł118.40 | x |
| 2010-12-31 | zł49.69 | zł118.40 | x |
| 2011-12-31 | zł49.32 | zł118.40 | x |
| 2012-12-31 | zł56.57 | zł118.40 | x |
| 2013-12-31 | zł55.93 | zł118.40 | x |
| 2014-12-31 | zł56.72 | zł118.40 | x |
| 2015-12-31 | zł52.43 | zł118.40 | x |
| 2016-12-31 | zł51.97 | zł118.40 | x |
| 2017-12-31 | zł53.11 | zł118.40 | x |
| 2018-12-31 | zł54.01 | zł118.40 | x |
| 2019-12-31 | zł54.15 | zł118.40 | x |
| 2020-12-31 | zł58.02 | zł118.40 | x |
| 2021-12-31 | zł56.51 | zł118.40 | x |
| 2022-12-31 | zł60.92 | zł118.40 | x |
| 2023-12-31 | zł74.46 | zł118.40 | x |
| 2024-12-31 | zł75.63 | zł118.40 | x |
| 2025-12-31 | zł77.09 | zł118.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank Handlowy w Warszawie 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): 16.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.95%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.85x
- Recent ROE (16.59%) is above the historical average (11.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.93% | 16.75% | 0.09x | 5.46x | zł-128.91 Million |
| 2005 | 11.78% | 26.14% | 0.07x | 6.26x | zł93.24 Million |
| 2006 | 12.13% | 22.28% | 0.08x | 6.64x | zł115.28 Million |
| 2007 | 14.71% | 32.26% | 0.07x | 6.94x | zł263.91 Million |
| 2008 | 10.67% | 24.63% | 0.06x | 7.56x | zł37.85 Million |
| 2009 | 8.14% | 15.63% | 0.09x | 6.07x | zł-115.54 Million |
| 2010 | 11.63% | 28.66% | 0.07x | 5.78x | zł105.52 Million |
| 2011 | 11.43% | 29.88% | 0.06x | 6.56x | zł91.96 Million |
| 2012 | 13.13% | 28.74% | 0.08x | 5.89x | zł230.99 Million |
| 2013 | 13.31% | 32.07% | 0.07x | 6.21x | zł241.98 Million |
| 2014 | 12.78% | 38.30% | 0.05x | 6.73x | zł206.24 Million |
| 2015 | 9.14% | 26.22% | 0.05x | 7.23x | zł-58.65 Million |
| 2016 | 8.86% | 25.18% | 0.05x | 6.66x | zł-77.47 Million |
| 2017 | 7.72% | 22.51% | 0.06x | 6.20x | zł-158.32 Million |
| 2018 | 9.05% | 26.76% | 0.05x | 6.99x | zł-66.82 Million |
| 2019 | 6.79% | 19.22% | 0.05x | 7.35x | zł-227.34 Million |
| 2020 | 2.27% | 8.13% | 0.03x | 8.04x | zł-585.70 Million |
| 2021 | 9.72% | 28.91% | 0.04x | 8.38x | zł-20.87 Million |
| 2022 | 19.42% | 36.15% | 0.06x | 8.60x | zł749.66 Million |
| 2023 | 23.19% | 39.76% | 0.08x | 7.46x | zł1.28 Billion |
| 2024 | 17.84% | 30.80% | 0.08x | 7.34x | zł773.60 Million |
| 2025 | 16.59% | 39.95% | 0.05x | 7.85x | zł662.11 Million |
Industry Comparison
This section compares Bank Handlowy w Warszawie SA's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $11,919,062,778
- Average return on equity (ROE) among peers: 8.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Handlowy w Warszawie SA (BHW) | zł10.08 Billion | 7.93% | 7.75x | $4.25 Billion |
| BNP Paribas Bank Polska S.A. (BNP) | $2.07 Billion | 13.15% | 8.68x | $6.12 Billion |
| Bank Ochrony Środowiska SA (BOS) | $2.23 Billion | 3.57% | 9.19x | $259.28 Million |
| Erste Bank Polska S.A. (EBP) | $7.48 Billion | 15.83% | 6.99x | $21.23 Billion |
| Getin Holding SA (GTN) | $4.05 Billion | 8.29% | 7.77x | $15.09 Million |
| ING Bank Śląski SA (ING) | $6.42 Billion | 13.72% | 9.87x | $15.87 Billion |
| mBank SA (MBK) | $1.70 Billion | -21.76% | 15.12x | $16.92 Billion |
| Bank Millennium S.A. (MIL) | $6.44 Billion | 8.48% | 9.28x | $7.35 Billion |
| Bank Polska Kasa Opieki SA (PEO) | $18.37 Billion | 13.13% | 6.11x | $19.50 Billion |
| Powszechna Kasa Oszczednosci Bank Polski SA (PKO) | $58.50 Billion | 18.26% | 8.97x | $41.39 Billion |
About Bank Handlowy w Warszawie SA
Bank Handlowy w Warszawie S.A., together with its subsidiaries, provides a range of banking services for individual and corporate clients in Poland and internationally. The company operates in two segments, the Institutional Bank and Consumer Bank. The Institutional Bank segment offers traditional banking services, including credit and deposit services; cash management, trade financing, leasing, … Read more