CD PROJEKT SA Net Assets
CD PROJEKT SA net assets. Based on the latest financial reports, CD PROJEKT SA (CDR) has net assets worth zł3.56 Billion PLN (≈ $979.96 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł3.79 Billion ≈ $1.04 Billion USD) and total liabilities (zł226.97 Million ≈ $62.47 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. Also explore CDR net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł3.56 Billion |
| % of Total Assets | 94.01% |
| Annual Growth Rate | 28.78% |
| 5-Year Change | 73.67% |
| 10-Year Change | 323.44% |
| Growth Volatility | 343.52 |
Net Assets of CD PROJEKT SA (2005–2025)
Net assets of CD PROJEKT SA from 2005 to 2025. This chart illustrates how CD PROJEKT SA's net assets have evolved over time, based on quarterly financial data. See CD PROJEKT SA balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for CD PROJEKT SA (2005–2025)
The table below shows the annual net assets of CD PROJEKT SA from 2005 to 2025. For live market cap and overall valuation, see CD PROJEKT SA stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł3.29 Billion ≈ $905.42 Million |
+17.47% |
| 2024-12-31 | zł2.80 Billion ≈ $770.78 Million |
+16.53% |
| 2023-12-31 | zł2.40 Billion ≈ $661.48 Million |
+18.20% |
| 2022-12-31 | zł2.03 Billion ≈ $559.62 Million |
+7.34% |
| 2021-12-31 | zł1.89 Billion ≈ $521.35 Million |
-13.40% |
| 2020-12-31 | zł2.19 Billion ≈ $601.99 Million |
+97.83% |
| 2019-12-31 | zł1.11 Billion ≈ $304.29 Million |
+10.25% |
| 2018-12-31 | zł1.00 Billion ≈ $276.00 Million |
+13.59% |
| 2017-12-31 | zł882.90 Million ≈ $242.99 Million |
+13.64% |
| 2016-12-31 | zł776.94 Million ≈ $213.82 Million |
+51.25% |
| 2015-12-31 | zł513.67 Million ≈ $141.37 Million |
+205.73% |
| 2014-12-31 | zł168.02 Million ≈ $46.24 Million |
+0.39% |
| 2013-12-31 | zł167.37 Million ≈ $46.06 Million |
+10.45% |
| 2012-12-31 | zł151.53 Million ≈ $41.70 Million |
+22.39% |
| 2011-12-31 | zł123.81 Million ≈ $34.07 Million |
+59.41% |
| 2010-12-31 | zł77.67 Million ≈ $21.37 Million |
+1516.34% |
| 2009-12-31 | zł4.80 Million ≈ $1.32 Million |
-16.20% |
| 2008-12-31 | zł5.73 Million ≈ $1.58 Million |
+140.52% |
| 2007-12-31 | zł-14.15 Million ≈ $-3.89 Million |
-215.23% |
| 2006-12-31 | zł12.28 Million ≈ $3.38 Million |
-41.27% |
| 2005-12-31 | zł20.91 Million ≈ $5.75 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CD PROJEKT 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 63217700000.0% over the analyzed period, indicating profitable operations and earnings retention.
CD PROJEKT SA Net Assets Breakdown (December 2025)
CD PROJEKT SA net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł567.98 Million | 17.26% |
| Common Stock | zł99.91 Million | 3.04% |
| Other Comprehensive Income | zł2.53 Billion | 76.83% |
| Other Components | zł94.28 Million | 2.87% |
| Total Equity | zł3.29 Billion | 100.00% |
CD PROJEKT SA Competitors by Market Cap
The table below lists competitors of CD PROJEKT SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Delivery Hero SE
XETRA:DHER
|
$7.08 Billion |
|
Codan Ltd
AU:CDA
|
$7.09 Billion |
|
Akbank TAS
IS:AKBNK
|
$7.09 Billion |
|
Commercial Metals Company
NYSE:CMC
|
$7.09 Billion |
|
Impulsora del Desarrollo y el Empleo en América Latina S.A.B. de C.V
MX:IDEALB-1
|
$7.07 Billion |
|
Nedbank Group Ltd
JSE:NED
|
$7.07 Billion |
|
Xpeng Inc
NYSE:XPEV
|
$7.07 Billion |
|
Hongfa Technology Co Ltd
SHG:600885
|
$7.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CD PROJEKT SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,800,667,000 to 3,289,859,000, a change of 489,192,000 (17.5%).
- Net income of 526,827,000 contributed positively to equity growth.
- Dividend payments of 99,911,000 reduced retained earnings.
- Share repurchases of 22,424,000 reduced equity.
- Other comprehensive income increased equity by 409,208,000.
- Other factors decreased equity by 324,508,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł526.83 Million | +16.01% |
| Dividends Paid | zł99.91 Million | -3.04% |
| Share Repurchases | zł22.42 Million | -0.68% |
| Other Comprehensive Income | zł409.21 Million | +12.44% |
| Other Changes | zł-324.51 Million | -9.86% |
| Total Change | zł- | 17.47% |
Book Value vs Market Value Analysis
This analysis compares CD PROJEKT 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: 7.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 204.99x to 7.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | zł1.26 | zł257.50 | x |
| 2006-12-31 | zł1.31 | zł257.50 | x |
| 2007-12-31 | zł-0.50 | zł257.50 | x |
| 2008-12-31 | zł0.20 | zł257.50 | x |
| 2009-12-31 | zł0.17 | zł257.50 | x |
| 2010-12-31 | zł1.23 | zł257.50 | x |
| 2011-12-31 | zł1.32 | zł257.50 | x |
| 2012-12-31 | zł1.60 | zł257.50 | x |
| 2013-12-31 | zł1.75 | zł257.50 | x |
| 2014-12-31 | zł1.77 | zł257.50 | x |
| 2015-12-31 | zł5.41 | zł257.50 | x |
| 2016-12-31 | zł8.02 | zł257.50 | x |
| 2017-12-31 | zł8.87 | zł257.50 | x |
| 2018-12-31 | zł9.97 | zł257.50 | x |
| 2019-12-31 | zł10.98 | zł257.50 | x |
| 2020-12-31 | zł21.77 | zł257.50 | x |
| 2021-12-31 | zł18.80 | zł257.50 | x |
| 2022-12-31 | zł20.18 | zł257.50 | x |
| 2023-12-31 | zł23.97 | zł257.50 | x |
| 2024-12-31 | zł27.87 | zł257.50 | x |
| 2025-12-31 | zł32.63 | zł257.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CD PROJEKT 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): 16.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.77%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.06x
- Recent ROE (16.01%) is above the historical average (9.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -31.84% | -2.70% | 3.03x | 3.89x | zł-8.67 Million |
| 2006 | -100.47% | -8.75% | 3.62x | 3.17x | zł-13.57 Million |
| 2007 | 0.00% | -22.49% | 4.35x | 0.00x | zł-21.12 Million |
| 2008 | 19.52% | 2.35% | 1.98x | 4.20x | zł545.60K |
| 2009 | -22.83% | -86.24% | 0.04x | 7.55x | zł-1.58 Million |
| 2010 | -4.44% | -6.84% | 0.30x | 2.16x | zł-11.22 Million |
| 2011 | 19.35% | 17.59% | 0.73x | 1.50x | zł11.58 Million |
| 2012 | 18.56% | 17.15% | 0.81x | 1.34x | zł12.97 Million |
| 2013 | 8.95% | 10.48% | 0.65x | 1.31x | zł-1.75 Million |
| 2014 | 3.10% | 5.42% | 0.39x | 1.48x | zł-11.59 Million |
| 2015 | 66.66% | 42.91% | 1.18x | 1.31x | zł291.06 Million |
| 2016 | 32.24% | 42.89% | 0.67x | 1.13x | zł172.82 Million |
| 2017 | 22.68% | 43.23% | 0.47x | 1.11x | zł111.98 Million |
| 2018 | 10.90% | 30.13% | 0.32x | 1.12x | zł9.05 Million |
| 2019 | 15.86% | 33.63% | 0.37x | 1.27x | zł64.75 Million |
| 2020 | 52.77% | 53.97% | 0.74x | 1.32x | zł935.59 Million |
| 2021 | 11.03% | 23.52% | 0.41x | 1.14x | zł19.47 Million |
| 2022 | 17.07% | 36.44% | 0.42x | 1.12x | zł143.75 Million |
| 2023 | 20.02% | 39.11% | 0.47x | 1.09x | zł240.76 Million |
| 2024 | 16.78% | 47.70% | 0.32x | 1.09x | zł189.81 Million |
| 2025 | 16.01% | 60.77% | 0.25x | 1.06x | zł197.84 Million |
Industry Comparison
This section compares CD PROJEKT SA's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $85,296,188
- Average return on equity (ROE) among peers: 8.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CD PROJEKT SA (CDR) | zł3.56 Billion | -31.84% | 0.06x | $7.08 Billion |
| 11 bit studios S.A (11B) | $236.42 Million | 2.94% | 0.14x | $77.83 Million |
| All In! Games S.A. (ALG) | $-14.79 Million | 0.00% | 0.00x | $14.11 Million |
| Artifex Mundi SA (ART) | $35.26 Million | -10.18% | 0.11x | $64.32 Million |
| BoomBit S.A (BBT) | $73.57 Million | 21.49% | 0.93x | $20.74 Million |
| CI Games SA (CIG) | $83.64 Million | -19.42% | 0.41x | $140.02 Million |
| Creepy Jar SA (CRJ) | $100.02 Million | 36.45% | 0.04x | $68.14 Million |
| Gaming Factory S.A. (GIF) | $7.43 Million | 37.22% | 0.02x | $5.54 Million |
| Games Operators SA (GOP) | $20.01 Million | 16.70% | 0.14x | $18.01 Million |
| Huuuge Inc. (HUG) | $226.10 Million | -4.28% | 0.33x | $269.37 Million |
About CD PROJEKT SA
CD Projekt Red S.A., together its subsidiaries, engages in the production, publishing, and digital distribution of video games and related products in Poland. The company's flagship products include The Witcher series of games and Cyberpunk 2077. It also exports its products to Europe, North America, South America, Asia, Australia, and Africa. The company was formerly known as CD Projekt S.A. and… Read more