Cognor S.A. (COG) - Net Assets

Latest as of December 2025: zł1.40 Billion PLN ≈ $386.32 Million USD

Based on the latest financial reports, Cognor S.A. (COG) has net assets worth zł1.40 Billion PLN (≈ $386.32 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł2.75 Billion ≈ $757.53 Million USD) and total liabilities (zł1.35 Billion ≈ $371.20 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. Explore Cognor S.A. cash conversion from operations to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł1.40 Billion
% of Total Assets	51.0%
Annual Growth Rate	10.61%
5-Year Change	118.01%
10-Year Change	800.38%
Growth Volatility	37.74

Cognor S.A. - Net Assets Trend (2008–2025)

This chart illustrates how Cognor S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore Cognor S.A. total assets for the complete picture of this company's asset base.

Annual Net Assets for Cognor S.A. (2008–2025)

The table below shows the annual net assets of Cognor S.A. from 2008 to 2025. For live valuation and market cap data, see COG company net worth.

Year	Net Assets	Change
2025-12-31	zł1.40 Billion ≈ $386.32 Million	+19.01%
2024-12-31	zł1.18 Billion ≈ $324.62 Million	-4.97%
2023-12-31	zł1.24 Billion ≈ $341.60 Million	+1.04%
2022-12-31	zł1.23 Billion ≈ $338.08 Million	+90.79%
2021-12-31	zł643.87 Million ≈ $177.20 Million	+109.72%
2020-12-31	zł307.01 Million ≈ $84.49 Million	+10.76%
2019-12-31	zł277.19 Million ≈ $76.29 Million	-6.32%
2018-12-31	zł295.88 Million ≈ $81.43 Million	+22.35%
2017-12-31	zł241.83 Million ≈ $66.56 Million	+55.12%
2016-12-31	zł155.90 Million ≈ $42.91 Million	-7.58%
2015-12-31	zł168.69 Million ≈ $46.43 Million	-9.93%
2014-12-31	zł187.29 Million ≈ $51.54 Million	+45.03%
2013-12-31	zł129.13 Million ≈ $35.54 Million	-26.98%
2012-12-31	zł176.84 Million ≈ $48.67 Million	+0.23%
2011-12-31	zł176.44 Million ≈ $48.56 Million	-10.16%
2010-12-31	zł196.39 Million ≈ $54.05 Million	-30.92%
2009-12-31	zł284.29 Million ≈ $78.24 Million	+12.40%
2008-12-31	zł252.93 Million ≈ $69.61 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cognor S.A.'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 decreased by 7869300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	zł1.43 Billion	107.04%
Total Equity	zł1.33 Billion	100.00%

Cognor S.A. Competitors by Market Cap

The table below lists competitors of Cognor S.A. ranked by their market capitalization.

Company	Market Cap
Enseval Putra Megatrading Tbk JK:EPMT	$368.22 Million
Cyient DLM Limited NSE:CYIENTDLM	$368.25 Million
S.P.I Landscape Design Co. Ltd. SHE:300844	$368.27 Million
Gravity Co. Ltd F:GD8A	$368.29 Million
Jiin Yeeh Ding Enterprise Co Ltd TWO:8390	$367.92 Million
Guangdong Liantai Environmental Protection Co Ltd SHG:603797	$367.88 Million
Van de Velde NV BR:VAN	$367.83 Million
Zota Health Care LImited NSE:ZOTA	$367.76 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cognor S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,103,921,000 to 1,333,225,000, a change of 229,304,000 (20.8%).
Net loss of 125,176,000 reduced equity.
New share issuances of 261,087,000 increased equity.
Other comprehensive income decreased equity by 815,534,000.
Other factors increased equity by 908,927,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-125.18 Million	-9.39%
Share Issuances	zł261.09 Million	+19.58%
Other Comprehensive Income	zł-815.53 Million	-61.17%
Other Changes	zł908.93 Million	+68.18%
Total Change	zł-	20.77%

Book Value vs Market Value Analysis

This analysis compares Cognor S.A.'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: 1.00x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.83x to 1.00x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	zł7.19	zł6.00	x
2009-12-31	zł5.31	zł6.00	x
2010-12-31	zł3.20	zł6.00	x
2011-12-31	zł2.48	zł6.00	x
2012-12-31	zł2.48	zł6.00	x
2013-12-31	zł1.74	zł6.00	x
2014-12-31	zł1.52	zł6.00	x
2015-12-31	zł1.30	zł6.00	x
2016-12-31	zł1.31	zł6.00	x
2017-12-31	zł1.93	zł6.00	x
2018-12-31	zł1.83	zł6.00	x
2019-12-31	zł1.63	zł6.00	x
2020-12-31	zł1.68	zł6.00	x
2021-12-31	zł3.52	zł6.00	x
2022-12-31	zł6.74	zł6.00	x
2023-12-31	zł6.18	zł6.00	x
2024-12-31	zł6.44	zł6.00	x
2025-12-31	zł5.98	zł6.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cognor S.A. 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): -9.39%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.02%
• Asset Turnover: 0.76x
• Equity Multiplier: 2.06x
Recent ROE (-9.39%) is below the historical average (4.91%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	-5.32%	-1.60%	2.21x	1.51x	zł-38.74 Million
2009	-13.26%	-3.99%	1.53x	2.18x	zł-66.41 Million
2010	-91.61%	-18.45%	2.70x	1.84x	zł-199.56 Million
2011	70.52%	7.47%	1.58x	5.96x	zł99.40 Million
2012	-0.27%	-0.03%	1.53x	5.58x	zł-16.84 Million
2013	-42.08%	-3.75%	1.42x	7.89x	zł-60.11 Million
2014	0.02%	0.00%	1.51x	5.66x	zł-16.57 Million
2015	-9.21%	-0.99%	1.61x	5.75x	zł-28.27 Million
2016	2.82%	0.30%	1.51x	6.30x	zł-10.20 Million
2017	21.12%	2.66%	1.88x	4.22x	zł25.07 Million
2018	24.64%	3.29%	2.08x	3.60x	zł40.72 Million
2019	7.38%	1.00%	1.81x	4.06x	zł-6.77 Million
2020	11.35%	1.89%	1.68x	3.58x	zł3.90 Million
2021	56.76%	12.19%	1.87x	2.49x	zł282.38 Million
2022	49.99%	15.76%	1.76x	1.80x	zł462.31 Million
2023	19.73%	8.42%	1.20x	1.96x	zł113.06 Million
2024	-4.89%	-2.35%	0.87x	2.38x	zł-164.36 Million
2025	-9.39%	-6.02%	0.76x	2.06x	zł-258.50 Million

Industry Comparison

This section compares Cognor S.A.'s net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $621,749,060
Average return on equity (ROE) among peers: 8.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cognor S.A. (COG)	zł1.40 Billion	-5.32%	0.96x	$367.98 Million
Bowim S.A. (BOW)	$118.61 Million	14.40%	2.53x	$39.87 Million
Izostal SA (IZS)	$251.74 Million	4.74%	1.03x	$27.94 Million
Stalprodukt SA (STP)	$2.59 Billion	10.42%	0.68x	$337.53 Million
Zamet Industry SA (ZMT)	$120.33 Million	5.59%	0.72x	$25.54 Million
Zaklad Budowy Maszyn ZREMB-CHOJNICE S.A. (ZRE)	$24.52 Million	4.95%	1.68x	$35.52 Million

About Cognor S.A.

WAR:COG Poland Steel

Market Cap

$367.98 Million

zł1.34 Billion PLN

Market Cap Rank

#14079 Global

#74 in Poland

Share Price

zł6.00

Change (1 day)

-2.12%

52-Week Range

zł4.45 - zł8.00

All Time High

zł10.88