Bank Handlowy w Warszawie SA (BHW) - Net Assets
Based on the latest financial reports, Bank Handlowy w Warszawie SA (BHW) has net assets worth zł9.35 Billion PLN (≈ $2.57 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł79.52 Billion ≈ $21.89 Billion USD) and total liabilities (zł70.18 Billion ≈ $19.31 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 BHW financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł9.35 Billion |
| % of Total Assets | 11.75% |
| Annual Growth Rate | 2.32% |
| 5-Year Change | 30.18% |
| 10-Year Change | 44.05% |
| Growth Volatility | 6.83 |
Bank Handlowy w Warszawie SA - Net Assets Trend (2004–2024)
This chart illustrates how Bank Handlowy w Warszawie SA's net assets have evolved over time, based on quarterly financial data. Also explore Bank Handlowy w Warszawie SA asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Bank Handlowy w Warszawie SA (2004–2024)
The table below shows the annual net assets of Bank Handlowy w Warszawie SA from 2004 to 2024. For live valuation and market cap data, see Bank Handlowy w Warszawie SA market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł9.87 Billion ≈ $2.72 Billion |
+10.75% |
| 2023-12-31 | zł8.91 Billion ≈ $2.45 Billion |
+11.94% |
| 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 362.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł2.39 Billion | 24.23% |
| Common Stock | zł522.64 Million | 5.30% |
| Other Components | zł6.95 Billion | 70.47% |
| Total Equity | zł9.87 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 |
|---|---|
|
Terns Pharmaceuticals Inc
NASDAQ:TERN
|
$4.11 Billion |
|
Warner Music Group
NASDAQ:WMG
|
$4.11 Billion |
|
PPB Group Bhd
KLSE:4065
|
$4.11 Billion |
|
IGO Ltd
AU:IGO
|
$4.12 Billion |
|
Sphere Entertainment Co.
NYSE:SPHR
|
$4.11 Billion |
|
KLCC Property Holdings Bhd
KLSE:5235SS
|
$4.11 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$4.11 Billion |
|
MARFRIG GL.FOOD.ADR/2O.N.
F:MGP1
|
$4.10 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 2023 to 2024, total equity changed from 9,729,491,000 to 9,868,531,000, a change of 139,040,000 (1.4%).
- Net income of 1,760,457,000 contributed positively to equity growth.
- Dividend payments of 1,454,930,000 reduced retained earnings.
- Share repurchases of 33,333,000 reduced equity.
- Other factors decreased equity by 133,154,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł1.76 Billion | +17.84% |
| Dividends Paid | zł1.45 Billion | -14.74% |
| Share Repurchases | zł33.33 Million | -0.34% |
| Other Changes | zł-133.15 Million | -1.35% |
| Total Change | zł- | 1.43% |
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: 1.51x
- 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 2.40x to 1.51x 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 | zł114.40 | x |
| 2005-12-31 | zł40.17 | zł114.40 | x |
| 2006-12-31 | zł41.47 | zł114.40 | x |
| 2007-12-31 | zł42.88 | zł114.40 | x |
| 2008-12-31 | zł43.06 | zł114.40 | x |
| 2009-12-31 | zł47.45 | zł114.40 | x |
| 2010-12-31 | zł49.69 | zł114.40 | x |
| 2011-12-31 | zł49.32 | zł114.40 | x |
| 2012-12-31 | zł56.57 | zł114.40 | x |
| 2013-12-31 | zł55.93 | zł114.40 | x |
| 2014-12-31 | zł56.72 | zł114.40 | x |
| 2015-12-31 | zł52.43 | zł114.40 | x |
| 2016-12-31 | zł51.97 | zł114.40 | x |
| 2017-12-31 | zł53.11 | zł114.40 | x |
| 2018-12-31 | zł54.01 | zł114.40 | x |
| 2019-12-31 | zł54.15 | zł114.40 | x |
| 2020-12-31 | zł58.02 | zł114.40 | x |
| 2021-12-31 | zł56.51 | zł114.40 | x |
| 2022-12-31 | zł60.92 | zł114.40 | x |
| 2023-12-31 | zł74.46 | zł114.40 | x |
| 2024-12-31 | zł75.63 | zł114.40 | 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): 17.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.19%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.34x
- Recent ROE (17.84%) is above the historical average (11.51%), 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% | 28.04% | 0.07x | 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% | 19.15% | 0.07x | 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% | 34.80% | 0.06x | 5.89x | zł230.99 Million |
| 2013 | 13.31% | 37.00% | 0.06x | 6.21x | zł241.98 Million |
| 2014 | 12.78% | 38.30% | 0.05x | 6.73x | zł206.24 Million |
| 2015 | 9.14% | 29.37% | 0.04x | 7.23x | zł-58.65 Million |
| 2016 | 8.86% | 28.19% | 0.05x | 6.66x | zł-77.47 Million |
| 2017 | 7.72% | 25.39% | 0.05x | 6.20x | zł-158.32 Million |
| 2018 | 9.05% | 29.17% | 0.04x | 6.99x | zł-66.82 Million |
| 2019 | 6.79% | 21.38% | 0.04x | 7.35x | zł-227.34 Million |
| 2020 | 2.27% | 8.13% | 0.03x | 8.04x | zł-585.70 Million |
| 2021 | 9.72% | 29.33% | 0.04x | 8.38x | zł-20.87 Million |
| 2022 | 19.42% | 43.37% | 0.05x | 8.77x | zł749.66 Million |
| 2023 | 23.19% | 50.04% | 0.06x | 7.46x | zł1.28 Billion |
| 2024 | 17.84% | 39.19% | 0.06x | 7.34x | zł773.60 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: $15,371,116,444
- Average return on equity (ROE) among peers: 1.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank Handlowy w Warszawie SA (BHW) | zł9.35 Billion | 7.93% | 7.51x | $4.11 Billion |
| BNP Paribas Bank Polska S.A. (BNP) | $11.26 Billion | 3.92% | 12.45x | $6.02 Billion |
| Bank Ochrony Środowiska SA (BOS) | $1.48 Billion | 4.45% | 11.44x | $258.26 Million |
| Getin Holding SA (GTN) | $654.71 Million | -53.04% | 5.60x | $26.06 Million |
| ING Bank Śląski SA (ING) | $10.48 Billion | 11.96% | 10.21x | $14.04 Billion |
| mBank SA (MBK) | $13.74 Billion | 0.18% | 15.52x | $13.36 Billion |
| Bank Millennium S.A. (MIL) | $6.44 Billion | 8.48% | 9.28x | $5.95 Billion |
| Bank Polska Kasa Opieki SA (PEO) | $23.86 Billion | 9.11% | 9.50x | $16.35 Billion |
| Powszechna Kasa Oszczednosci Bank Polski SA (PKO) | $52.37 Billion | 17.77% | 9.03x | $32.56 Billion |
| Santander Bank Polska SA (SPL) | $18.05 Billion | 10.61% | 6.45x | $17.44 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, Institutional Bank and Consumer Bank. The Institutional Bank segment offers traditional banking services, including credit and deposit services; cash management, trade financing, leasing, brok… Read more