Enea S.A. (ENA) - Net Assets
Based on the latest financial reports, Enea S.A. (ENA) has net assets worth zł18.67 Billion PLN (≈ $5.14 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł37.57 Billion ≈ $10.34 Billion USD) and total liabilities (zł18.90 Billion ≈ $5.20 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 Enea S.A. (ENA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł18.67 Billion |
| % of Total Assets | 49.7% |
| Annual Growth Rate | 5.5% |
| 5-Year Change | 16.87% |
| 10-Year Change | 36.33% |
| Growth Volatility | 9.06 |
Enea S.A. - Net Assets Trend (2007–2025)
This chart illustrates how Enea S.A.'s net assets have evolved over time, based on quarterly financial data. See Enea S.A. (ENA) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Enea S.A. (2007–2025)
The table below shows the annual net assets of Enea S.A. from 2007 to 2025. For live valuation and market cap data, see Enea S.A. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł17.74 Billion ≈ $4.88 Billion |
+8.61% |
| 2024-12-31 | zł16.33 Billion ≈ $4.50 Billion |
+5.79% |
| 2023-12-31 | zł15.44 Billion ≈ $4.25 Billion |
-4.38% |
| 2022-12-31 | zł16.15 Billion ≈ $4.44 Billion |
+6.38% |
| 2021-12-31 | zł15.18 Billion ≈ $4.18 Billion |
+15.91% |
| 2020-12-31 | zł13.09 Billion ≈ $3.60 Billion |
-15.41% |
| 2019-12-31 | zł15.48 Billion ≈ $4.26 Billion |
+2.86% |
| 2018-12-31 | zł15.05 Billion ≈ $4.14 Billion |
+7.50% |
| 2017-12-31 | zł14.00 Billion ≈ $3.85 Billion |
+7.59% |
| 2016-12-31 | zł13.01 Billion ≈ $3.58 Billion |
+7.33% |
| 2015-12-31 | zł12.12 Billion ≈ $3.34 Billion |
+0.49% |
| 2014-12-31 | zł12.06 Billion ≈ $3.32 Billion |
+5.01% |
| 2013-12-31 | zł11.49 Billion ≈ $3.16 Billion |
+5.03% |
| 2012-12-31 | zł10.94 Billion ≈ $3.01 Billion |
+4.38% |
| 2011-12-31 | zł10.48 Billion ≈ $2.88 Billion |
+6.11% |
| 2010-12-31 | zł9.88 Billion ≈ $2.72 Billion |
+5.38% |
| 2009-12-31 | zł9.37 Billion ≈ $2.58 Billion |
+3.86% |
| 2008-12-31 | zł9.02 Billion ≈ $2.48 Billion |
+33.37% |
| 2007-12-31 | zł6.77 Billion ≈ $1.86 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Enea 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 grown by 258.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł12.76 Billion | 76.12% |
| Other Components | zł4.00 Billion | 23.88% |
| Total Equity | zł16.77 Billion | 100.00% |
Enea S.A. Competitors by Market Cap
The table below lists competitors of Enea S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Suntien Green Energy Corp Ltd
SHG:600956
|
$2.84 Billion |
|
Jiangsu Nhwa Pharmaceutical Co Ltd
SHE:002262
|
$2.84 Billion |
|
Megacable Holdings S. A. B. de C. V
MX:MEGACPO
|
$2.84 Billion |
|
Colt CZ Group SE
PR:CZG
|
$2.84 Billion |
|
Steven Madden Ltd
NASDAQ:SHOO
|
$2.84 Billion |
|
Dynex Capital Inc
NYSE:DX
|
$2.84 Billion |
|
Keli Sensing Technology Ningbo Co Ltd
SHG:603662
|
$2.84 Billion |
|
Rush Street Interactive Inc
NYSE:RSI
|
$2.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enea S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,309,592,000 to 16,767,196,000, a change of 1,457,604,000 (9.5%).
- Net income of 1,816,255,000 contributed positively to equity growth.
- Dividend payments of 265,672,000 reduced retained earnings.
- Other comprehensive income decreased equity by 7,770,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł1.82 Billion | +10.83% |
| Dividends Paid | zł265.67 Million | -1.58% |
| Other Comprehensive Income | zł-7.77 Million | -0.05% |
| Other Changes | zł-85.21 Million | -0.51% |
| Total Change | zł- | 9.52% |
Book Value vs Market Value Analysis
This analysis compares Enea 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: 0.62x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.27x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | zł15.32 | zł19.50 | x |
| 2008-12-31 | zł20.37 | zł19.50 | x |
| 2009-12-31 | zł21.18 | zł19.50 | x |
| 2010-12-31 | zł22.32 | zł19.50 | x |
| 2011-12-31 | zł23.67 | zł19.50 | x |
| 2012-12-31 | zł24.73 | zł19.50 | x |
| 2013-12-31 | zł25.98 | zł19.50 | x |
| 2014-12-31 | zł27.22 | zł19.50 | x |
| 2015-12-31 | zł25.68 | zł19.50 | x |
| 2016-12-31 | zł27.58 | zł19.50 | x |
| 2017-12-31 | zł29.63 | zł19.50 | x |
| 2018-12-31 | zł31.93 | zł19.50 | x |
| 2019-12-31 | zł32.75 | zł19.50 | x |
| 2020-12-31 | zł27.27 | zł19.50 | x |
| 2021-12-31 | zł31.74 | zł19.50 | x |
| 2022-12-31 | zł29.66 | zł19.50 | x |
| 2023-12-31 | zł26.31 | zł19.50 | x |
| 2024-12-31 | zł28.90 | zł19.50 | x |
| 2025-12-31 | zł31.65 | zł19.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enea 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): 10.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.60%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.38x
- Recent ROE (10.83%) is above the historical average (4.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.71% | 9.58% | 0.55x | 1.45x | zł-154.81 Million |
| 2008 | 2.39% | 3.50% | 0.51x | 1.33x | zł-683.96 Million |
| 2009 | 5.49% | 7.17% | 0.59x | 1.31x | zł-421.30 Million |
| 2010 | 6.49% | 7.90% | 0.63x | 1.30x | zł-346.00 Million |
| 2011 | 7.59% | 8.19% | 0.71x | 1.31x | zł-251.78 Million |
| 2012 | 6.57% | 7.09% | 0.69x | 1.35x | zł-374.34 Million |
| 2013 | 6.24% | 7.79% | 0.56x | 1.42x | zł-431.49 Million |
| 2014 | 7.56% | 9.19% | 0.55x | 1.51x | zł-293.12 Million |
| 2015 | -3.84% | -4.40% | 0.43x | 2.03x | zł-1.57 Billion |
| 2016 | 6.44% | 6.96% | 0.46x | 2.02x | zł-433.21 Million |
| 2017 | 8.18% | 9.35% | 0.40x | 2.16x | zł-237.65 Million |
| 2018 | 4.87% | 5.39% | 0.43x | 2.13x | zł-722.96 Million |
| 2019 | 2.93% | 2.67% | 0.48x | 2.27x | zł-1.02 Billion |
| 2020 | -18.85% | -12.45% | 0.61x | 2.48x | zł-3.47 Billion |
| 2021 | 12.07% | 7.95% | 0.61x | 2.47x | zł289.82 Million |
| 2022 | 0.30% | 0.15% | 0.80x | 2.52x | zł-1.44 Billion |
| 2023 | -5.05% | -1.60% | 1.13x | 2.81x | zł-2.10 Billion |
| 2024 | 9.12% | 4.47% | 0.79x | 2.58x | zł-135.17 Million |
| 2025 | 10.83% | 6.60% | 0.69x | 2.38x | zł139.54 Million |
Industry Comparison
This section compares Enea S.A.'s net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $10,854,370,200
- Average return on equity (ROE) among peers: -38.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enea S.A. (ENA) | zł18.67 Billion | 7.71% | 1.01x | $2.84 Billion |
| Elektrocieplownia Bedzin (BDZ) | $56.18 Million | -202.36% | 7.28x | $32.36 Million |
| EuroHold Bulgaria AD (EHG) | $243.82 Million | -0.69% | 2.28x | $299.59 Million |
| Energa S.A. (ENG) | $9.46 Billion | 8.17% | 1.22x | $2.11 Billion |
| Kogeneracja SA (KGN) | $1.37 Billion | 9.15% | 0.65x | $301.81 Million |
| PGE Polska Grupa Energetyczna SA (PGE) | $43.14 Billion | -9.11% | 0.80x | $6.13 Billion |
About Enea S.A.
ENEA S.A., together with its subsidiaries, generates, transmits, distributes, and trades in electricity in Poland. The company generates electricity from wind farms, and hydropower and biogas plants, as well as photovoltaic farms. It also produces and sells coal and heat; modernizes road lighting equipment; and provides transport, repair, and construction services. It sells electricity to individ… Read more