EuroHold Bulgaria AD (EHG) - Net Assets

Latest as of March 2026: zł215.41 Million PLN ≈ $59.28 Million USD

Based on the latest financial reports, EuroHold Bulgaria AD (EHG) has net assets worth zł215.41 Million PLN (≈ $59.28 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł1.69 Billion ≈ $465.96 Million USD) and total liabilities (zł1.48 Billion ≈ $406.67 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 EHG asset base for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł215.41 Million
% of Total Assets	12.72%
Annual Growth Rate	0.35%
5-Year Change	-46.03%
10-Year Change	73.48%
Growth Volatility	62.75

EuroHold Bulgaria AD - Net Assets Trend (2008–2025)

This chart illustrates how EuroHold Bulgaria AD's net assets have evolved over time, based on quarterly financial data. Check how tangible is EuroHold Bulgaria AD's equity to evaluate the tangible quality of the company's equity base.

Annual Net Assets for EuroHold Bulgaria AD (2008–2025)

The table below shows the annual net assets of EuroHold Bulgaria AD from 2008 to 2025. For live valuation and market cap data, see EHG company net worth.

Year	Net Assets	Change
2025-12-31	zł199.95 Million ≈ $55.03 Million	-26.05%
2024-12-31	zł270.37 Million ≈ $74.41 Million	+129.68%
2023-12-31	zł117.71 Million ≈ $32.40 Million	+72.71%
2022-12-31	zł68.16 Million ≈ $18.76 Million	-81.60%
2021-12-31	zł370.51 Million ≈ $101.97 Million	+174.56%
2020-12-31	zł134.94 Million ≈ $37.14 Million	-31.02%
2019-12-31	zł195.62 Million ≈ $53.84 Million	-5.64%
2018-12-31	zł207.32 Million ≈ $57.06 Million	-3.35%
2017-12-31	zł214.51 Million ≈ $59.04 Million	+86.11%
2016-12-31	zł115.26 Million ≈ $31.72 Million	-3.32%
2015-12-31	zł119.22 Million ≈ $32.81 Million	-51.10%
2014-12-31	zł243.82 Million ≈ $67.10 Million	+2.60%
2013-12-31	zł237.65 Million ≈ $65.40 Million	+2.57%
2012-12-31	zł231.70 Million ≈ $63.77 Million	-5.86%
2011-12-31	zł246.12 Million ≈ $67.73 Million	+18.72%
2010-12-31	zł207.30 Million ≈ $57.05 Million	-9.79%
2009-12-31	zł229.81 Million ≈ $63.25 Million	+21.97%
2008-12-31	zł188.42 Million ≈ $51.85 Million	--

Equity Component Analysis

This analysis shows how different components contribute to EuroHold Bulgaria AD'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 212.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	zł271.97 Million	148.58%
Total Equity	zł183.06 Million	100.00%

EuroHold Bulgaria AD Competitors by Market Cap

The table below lists competitors of EuroHold Bulgaria AD ranked by their market capitalization.

Company	Market Cap
InPlay Oil Corp TO:IPO	$301.05 Million
SUNIC SYSTEM Co. Ltd KQ:171090	$301.10 Million
Hangzhou Todaytec Digital Co Ltd Class A SHE:300743	$301.15 Million
Phuoc Hoa Rubber JSC VN:PHR	$301.17 Million
Sword Group S.E PA:SWP	$301.02 Million
AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust BK:AIMIRT	$300.98 Million
Sungwoo Hitech Co. Ltd KQ:015750	$300.86 Million
Better Home & Finance Holding Company NASDAQ:BETR	$300.85 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in EuroHold Bulgaria AD's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 233,448,000 to 183,055,519, a change of -50,392,481 (-21.6%).
Net income of 52,431,017 contributed positively to equity growth.
Other factors decreased equity by 102,823,498.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł52.43 Million	+28.64%
Other Changes	zł-102.82 Million	-56.17%
Total Change	zł-	-21.59%

Book Value vs Market Value Analysis

This analysis compares EuroHold Bulgaria AD'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: 5.98x
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 increased from 1.44x to 5.98x 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	zł2.92	zł4.20	x
2009-12-31	zł2.90	zł4.20	x
2010-12-31	zł2.47	zł4.20	x
2011-12-31	zł1.54	zł4.20	x
2012-12-31	zł1.42	zł4.20	x
2013-12-31	zł1.46	zł4.20	x
2014-12-31	zł1.50	zł4.20	x
2015-12-31	zł0.72	zł4.20	x
2016-12-31	zł0.64	zł4.20	x
2017-12-31	zł1.17	zł4.20	x
2018-12-31	zł0.85	zł4.20	x
2019-12-31	zł0.82	zł4.20	x
2020-12-31	zł0.54	zł4.20	x
2021-12-31	zł0.80	zł4.20	x
2022-12-31	zł0.19	zł4.20	x
2023-12-31	zł0.38	zł4.20	x
2024-12-31	zł0.90	zł4.20	x
2025-12-31	zł0.70	zł4.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently EuroHold Bulgaria AD 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): 28.64%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.21%
• Asset Turnover: 0.99x
• Equity Multiplier: 8.96x
Recent ROE (28.64%) is above the historical average (5.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	4.81%	2.08%	0.58x	4.02x	zł-9.12 Million
2009	0.74%	0.33%	0.59x	3.84x	zł-16.12 Million
2010	1.61%	0.60%	0.69x	3.90x	zł-13.01 Million
2011	-0.14%	-0.06%	0.67x	3.23x	zł-20.00 Million
2012	-5.07%	-2.18%	0.63x	3.72x	zł-27.37 Million
2013	1.22%	0.44%	0.75x	3.68x	zł-16.37 Million
2014	-0.88%	-0.35%	0.61x	4.17x	zł-20.90 Million
2015	-84.37%	-17.02%	0.46x	10.68x	zł-86.51 Million
2016	10.71%	1.37%	0.55x	14.34x	zł562.60K
2017	10.64%	2.67%	0.51x	7.77x	zł1.09 Million
2018	8.53%	1.91%	0.54x	8.27x	zł-2.48 Million
2019	4.96%	0.91%	0.59x	9.26x	zł-8.15 Million
2020	-41.17%	-4.57%	0.59x	15.38x	zł-54.12 Million
2021	25.60%	2.20%	0.56x	20.78x	zł28.56 Million
2022	45.07%	0.55%	1.53x	54.00x	zł16.93 Million
2023	78.58%	2.86%	1.09x	25.19x	zł67.41 Million
2024	15.91%	1.33%	1.01x	11.81x	zł13.79 Million
2025	28.64%	3.21%	0.99x	8.96x	zł34.13 Million

Industry Comparison

This section compares EuroHold Bulgaria AD's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

Industry: Utilities - Regulated Electric
Average net assets among peers: $11,788,876,000
Average return on equity (ROE) among peers: 4.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
EuroHold Bulgaria AD (EHG)	zł215.41 Million	4.81%	6.86x	$301.02 Million
Elektrocieplownia Bedzin (BDZ)	$-619.53 Million	0.00%	0.00x	$32.36 Million
Enea S.A. (ENA)	$15.05 Billion	4.56%	0.99x	$2.86 Billion
Energa S.A. (ENG)	$8.55 Billion	11.48%	1.12x	$2.19 Billion
Kogeneracja SA (KGN)	$1.24 Billion	3.96%	0.66x	$294.43 Million
PGE Polska Grupa Energetyczna SA (PGE)	$34.72 Billion	4.96%	0.58x	$5.85 Billion

About EuroHold Bulgaria AD

WAR:EHG Poland Utilities - Regulated Electric

Market Cap

$301.02 Million

zł1.09 Billion PLN

Market Cap Rank

#14635 Global

#86 in Poland

Share Price

zł4.20

Change (1 day)

+0.00%

52-Week Range

zł2.62 - zł4.90

All Time High

zł19.00