Enea S.A. (ENA) - Net Assets

Latest as of September 2025: zł18.73 Billion PLN ≈ $5.16 Billion USD

Based on the latest financial reports, Enea S.A. (ENA) has net assets worth zł18.73 Billion PLN (≈ $5.16 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł39.21 Billion ≈ $10.79 Billion USD) and total liabilities (zł20.48 Billion ≈ $5.64 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 asset resilience ratio of Enea S.A. to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł18.73 Billion
% of Total Assets	47.77%
Annual Growth Rate	5.32%
5-Year Change	24.73%
10-Year Change	34.73%
Growth Volatility	9.29

Enea S.A. - Net Assets Trend (2007–2024)

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

Annual Net Assets for Enea S.A. (2007–2024)

The table below shows the annual net assets of Enea S.A. from 2007 to 2024. For live valuation and market cap data, see Enea S.A. market cap and net worth.

Year	Net Assets	Change
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	--

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 217.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł11.32 Billion	73.91%
Common Stock	zł529.73 Million	3.46%
Other Comprehensive Income	zł7.77 Million	0.05%
Other Components	zł3.46 Billion	22.58%
Total Equity	zł15.31 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
Palomar Holdings Inc NASDAQ:PLMR	$3.21 Billion
Blackstone Mortgage Trust Inc NYSE:BXMT	$3.21 Billion
BillionToOne, Inc. Class A Common Stock NASDAQ:BLLN	$3.21 Billion
Huaming Power Equipment Co Ltd SHE:002270	$3.21 Billion
Guangdong Provincial Expressway Development Co Ltd SHE:000429	$3.21 Billion
Polaris Industries Inc NYSE:PII	$3.20 Billion
Premium Brands Holdings Corporation TO:PBH	$3.20 Billion
SunocoCorp LLC NYSE:SUNC	$3.20 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 2023 to 2024, total equity changed from 13,938,930,000 to 15,309,592,000, a change of 1,370,662,000 (9.8%).
Net income of 1,395,787,000 contributed positively to equity growth.
Dividend payments of 30,260,000 reduced retained earnings.
Other comprehensive income decreased equity by 194,054,000.
Other factors increased equity by 199,189,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł1.40 Billion	+9.12%
Dividends Paid	zł30.26 Million	-0.2%
Other Comprehensive Income	zł-194.05 Million	-1.27%
Other Changes	zł199.19 Million	+1.3%
Total Change	zł-	9.83%

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: 0.76x
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 1.44x to 0.76x 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	zł22.00	x
2008-12-31	zł20.37	zł22.00	x
2009-12-31	zł21.18	zł22.00	x
2010-12-31	zł22.32	zł22.00	x
2011-12-31	zł23.67	zł22.00	x
2012-12-31	zł24.73	zł22.00	x
2013-12-31	zł25.98	zł22.00	x
2014-12-31	zł27.22	zł22.00	x
2015-12-31	zł25.68	zł22.00	x
2016-12-31	zł27.58	zł22.00	x
2017-12-31	zł29.63	zł22.00	x
2018-12-31	zł31.93	zł22.00	x
2019-12-31	zł32.75	zł22.00	x
2020-12-31	zł27.27	zł22.00	x
2021-12-31	zł31.74	zł22.00	x
2022-12-31	zł29.66	zł22.00	x
2023-12-31	zł26.31	zł22.00	x
2024-12-31	zł28.90	zł22.00	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): 9.12%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.47%
• Asset Turnover: 0.79x
• Equity Multiplier: 2.58x
Recent ROE (9.12%) is above the historical average (3.68%), 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

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: $12,327,367,600
Average return on equity (ROE) among peers: 5.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Enea S.A. (ENA)	zł18.73 Billion	7.71%	1.09x	$3.21 Billion
Elektrocieplownia Bedzin (BDZ)	$172.24 Million	1.63%	2.85x	$32.36 Million
EuroHold Bulgaria AD (EHG)	$385.93 Million	24.58%	7.38x	$279.52 Million
Energa S.A. (ENG)	$12.44 Billion	4.96%	1.55x	$2.15 Billion
Kogeneracja SA (KGN)	$781.66 Million	8.68%	0.78x	$304.68 Million
PGE Polska Grupa Energetyczna SA (PGE)	$47.85 Billion	-10.47%	1.37x	$6.58 Billion

About Enea S.A.

WAR:ENA Poland Utilities - Regulated Electric

Market Cap

$3.21 Billion

zł11.65 Billion PLN

Market Cap Rank

#4744 Global

#27 in Poland

Share Price

zł22.00

Change (1 day)

+0.73%

52-Week Range

zł14.32 - zł26.30

All Time High

zł26.30