EuroHold Bulgaria AD (EHG) - Net Assets

Latest as of December 2025: zł385.93 Million PLN ≈ $106.21 Million USD

Based on the latest financial reports, EuroHold Bulgaria AD (EHG) has net assets worth zł385.93 Million PLN (≈ $106.21 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 (zł3.23 Billion ≈ $890.32 Million USD) and total liabilities (zł2.85 Billion ≈ $784.10 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 EHG operating cash flow to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł385.93 Million
% of Total Assets	11.93%
Annual Growth Rate	4.31%
5-Year Change	4.16%
10-Year Change	234.84%
Growth Volatility	62.05

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. Explore EuroHold Bulgaria AD strategic investment ratio to see how much of total assets are deployed in long-term investments.

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 EuroHold Bulgaria AD (EHG) total market value.

Year	Net Assets	Change
2025-12-31	zł385.93 Million ≈ $106.21 Million	+42.74%
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 331.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	zł535.77 Million	151.73%
Total Equity	zł353.12 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
CompX International Inc NYSE MKT:CIX	$286.76 Million
Lanzhou Zhuangyuan Pasture Co Ltd SHE:002910	$286.80 Million
Bombay Dyeing & Mfg Company Limited NSE:BOMDYEING	$286.82 Million
Incap Oyj HE:ICP1V	$286.82 Million
Resolute Holdings Management, Inc. NASDAQ:RHLD	$286.64 Million
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class B IS:KRDMB	$286.58 Million
Taiga Building Products Ltd. TO:TBL	$286.57 Million
Lippo Karawaci Tbk JK:LPKR	$286.57 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 353,118,000, a change of 119,670,000 (51.3%).
Net income of 94,871,000 contributed positively to equity growth.
Other factors increased equity by 24,799,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł94.87 Million	+26.87%
Other Changes	zł24.80 Million	+7.02%
Total Change	zł-	51.26%

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: 2.95x
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 1.37x to 2.95x 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	zł4.00	x
2009-12-31	zł2.90	zł4.00	x
2010-12-31	zł2.47	zł4.00	x
2011-12-31	zł1.54	zł4.00	x
2012-12-31	zł1.42	zł4.00	x
2013-12-31	zł1.46	zł4.00	x
2014-12-31	zł1.50	zł4.00	x
2015-12-31	zł0.72	zł4.00	x
2016-12-31	zł0.64	zł4.00	x
2017-12-31	zł1.17	zł4.00	x
2018-12-31	zł0.85	zł4.00	x
2019-12-31	zł0.82	zł4.00	x
2020-12-31	zł0.54	zł4.00	x
2021-12-31	zł0.80	zł4.00	x
2022-12-31	zł0.19	zł4.00	x
2023-12-31	zł0.38	zł4.00	x
2024-12-31	zł0.90	zł4.00	x
2025-12-31	zł1.36	zł4.00	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): 26.87%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.95%
• Asset Turnover: 1.00x
• Equity Multiplier: 9.16x
Recent ROE (26.87%) is above the historical average (5.76%), 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	26.87%	2.95%	1.00x	9.16x	zł59.56 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: $14,353,333,200
Average return on equity (ROE) among peers: -36.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
EuroHold Bulgaria AD (EHG)	zł385.93 Million	4.81%	7.38x	$286.69 Million
Elektrocieplownia Bedzin (BDZ)	$56.18 Million	-202.36%	7.28x	$32.36 Million
Enea S.A. (ENA)	$17.74 Billion	10.24%	1.25x	$3.14 Billion
Energa S.A. (ENG)	$9.46 Billion	8.17%	1.22x	$2.15 Billion
Kogeneracja SA (KGN)	$1.37 Billion	9.15%	0.65x	$321.49 Million
PGE Polska Grupa Energetyczna SA (PGE)	$43.14 Billion	-9.11%	0.80x	$6.62 Billion

About EuroHold Bulgaria AD

WAR:EHG Poland Utilities - Regulated Electric

Market Cap

$286.69 Million

zł1.04 Billion PLN

Market Cap Rank

#15246 Global

#90 in Poland

Share Price

zł4.00

Change (1 day)

-2.91%

52-Week Range

zł2.04 - zł4.38

All Time High

zł19.00