Grodno S.A.
Grodno Spólka Akcyjna distributes electrical and lighting products in Poland. The company provides services in the field of lighting audits and projects, and electrical and lighting projects; construction and modernization of electrical and energy installations; programming of building automation; and supplies complex solutions for industry. It also offers photovoltaic system, industrial electric… Read more
Grodno S.A. (GRN) - Net Assets
Latest net assets as of September 2025: zł132.50 Million PLN
Based on the latest financial reports, Grodno S.A. (GRN) has net assets worth zł132.50 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł492.90 Million) and total liabilities (zł360.39 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł132.50 Million |
| % of Total Assets | 26.88% |
| Annual Growth Rate | 21.37% |
| 5-Year Change | 84.75% |
| 10-Year Change | 282.09% |
| Growth Volatility | 26.26 |
Grodno S.A. - Net Assets Trend (2009–2023)
This chart illustrates how Grodno S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grodno S.A. (2009–2023)
The table below shows the annual net assets of Grodno S.A. from 2009 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | zł149.72 Million | +4.34% |
| 2022-12-31 | zł143.50 Million | +7.01% |
| 2021-12-31 | zł134.10 Million | +43.33% |
| 2020-12-31 | zł93.56 Million | +15.44% |
| 2019-12-31 | zł81.04 Million | +16.69% |
| 2018-12-31 | zł69.45 Million | +9.56% |
| 2017-12-31 | zł63.39 Million | +11.60% |
| 2016-12-31 | zł56.80 Million | +11.56% |
| 2015-12-31 | zł50.91 Million | +29.93% |
| 2014-12-31 | zł39.19 Million | +35.40% |
| 2013-12-31 | zł28.94 Million | +16.61% |
| 2012-12-31 | zł24.82 Million | +0.73% |
| 2011-12-31 | zł24.64 Million | +18.70% |
| 2010-12-31 | zł20.76 Million | +108.69% |
| 2009-12-31 | zł9.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grodno 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 4638.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł131.77 Million | 88.01% |
| Common Stock | zł1.54 Million | 1.03% |
| Other Components | zł16.41 Million | 10.96% |
| Total Equity | zł149.72 Million | 100.00% |
Grodno S.A. Competitors by Market Cap
The table below lists competitors of Grodno S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Energia Latina SA
SN:ENLASA
|
$17.36 Million |
|
PGF Capital Bhd
KLSE:8117
|
$17.36 Million |
|
SUNCORP TECHS HD-006
F:XSH4
|
$17.37 Million |
|
GEOLIT ENERGY COLTD LTD
KQ:270520
|
$17.38 Million |
|
Modern Internasional Tbk
JK:MDRN
|
$17.36 Million |
|
Hateks Hatay Tekstil Isletmeleri AS
IS:HATEK
|
$17.36 Million |
|
MR. BRICOLAGE INH. EO 32
F:4OL
|
$17.35 Million |
|
Tekom Technologies
TWO:6294
|
$17.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grodno S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 143,496,000 to 149,723,000, a change of 6,227,000 (4.3%).
- Net income of 6,210,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 16,396,000.
- Other factors increased equity by 16,413,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł6.21 Million | +4.15% |
| Other Comprehensive Income | zł-16.40 Million | -10.95% |
| Other Changes | zł16.41 Million | +10.96% |
| Total Change | zł- | 4.34% |
Book Value vs Market Value Analysis
This analysis compares Grodno 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: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.13x to 1.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | zł0.81 | zł13.85 | x |
| 2010-12-31 | zł1.69 | zł13.85 | x |
| 2011-12-31 | zł2.00 | zł13.85 | x |
| 2012-12-31 | zł2.02 | zł13.85 | x |
| 2013-12-31 | zł2.04 | zł13.85 | x |
| 2014-12-31 | zł2.58 | zł13.85 | x |
| 2015-12-31 | zł3.35 | zł13.85 | x |
| 2016-12-31 | zł3.69 | zł13.85 | x |
| 2017-12-31 | zł4.12 | zł13.85 | x |
| 2018-12-31 | zł4.52 | zł13.85 | x |
| 2019-12-31 | zł5.27 | zł13.85 | x |
| 2020-12-31 | zł6.08 | zł13.85 | x |
| 2021-12-31 | zł8.72 | zł13.85 | x |
| 2022-12-31 | zł9.33 | zł13.85 | x |
| 2023-12-31 | zł9.73 | zł13.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grodno 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): 4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.52%
- • Asset Turnover: 2.37x
- • Equity Multiplier: 3.35x
- Recent ROE (4.15%) is below the historical average (15.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 27.96% | 2.77% | 2.19x | 4.59x | zł1.79 Million |
| 2010 | 20.12% | 3.20% | 1.61x | 3.91x | zł2.10 Million |
| 2011 | 18.69% | 2.53% | 1.73x | 4.27x | zł2.14 Million |
| 2012 | 2.22% | 0.28% | 1.91x | 4.07x | zł-1.93 Million |
| 2013 | 14.25% | 1.97% | 1.86x | 3.89x | zł1.23 Million |
| 2014 | 15.53% | 2.56% | 1.69x | 3.59x | zł2.17 Million |
| 2015 | 17.71% | 2.89% | 1.92x | 3.19x | zł3.93 Million |
| 2016 | 14.97% | 2.60% | 1.69x | 3.41x | zł2.82 Million |
| 2017 | 13.36% | 1.97% | 1.81x | 3.75x | zł2.13 Million |
| 2018 | 11.77% | 1.67% | 1.78x | 3.96x | zł1.23 Million |
| 2019 | 14.25% | 1.85% | 2.20x | 3.50x | zł3.44 Million |
| 2020 | 14.69% | 1.93% | 2.11x | 3.60x | zł4.39 Million |
| 2021 | 32.64% | 3.66% | 2.55x | 3.49x | zł30.36 Million |
| 2022 | 15.55% | 1.82% | 2.46x | 3.48x | zł7.97 Million |
| 2023 | 4.15% | 0.52% | 2.37x | 3.35x | zł-8.76 Million |
Industry Comparison
This section compares Grodno S.A.'s net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $423,716,467
- Average return on equity (ROE) among peers: 4.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grodno S.A. (GRN) | zł132.50 Million | 27.96% | 2.72x | $17.36 Million |
| AB S.A. (ABE) | $1.53 Billion | 11.37% | 1.76x | $391.04 Million |
| Ampli SA w upadlosci ukladowej (APL) | $-6.44 Million | 0.00% | 0.00x | $465.95K |
| ASBISc Enterprises PLC (ASB) | $85.89 Million | 5.38% | 3.84x | $325.99 Million |
| Komputronik S.A. (KOM) | $86.78 Million | 0.00% | 1.11x | $8.09 Million |