Grodno S.A. (GRN) - Net Assets

Latest as of September 2025: zł132.50 Million PLN ≈ $36.47 Million USD

Based on the latest financial reports, Grodno S.A. (GRN) has net assets worth zł132.50 Million PLN (≈ $36.47 Million USD) 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 ≈ $135.65 Million USD) and total liabilities (zł360.39 Million ≈ $99.19 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. Check Grodno S.A. asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Grodno S.A. assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Grodno S.A. (GRN) market capitalisation.

Year	Net Assets	Change
2023-12-31	zł149.72 Million ≈ $41.21 Million	+4.34%
2022-12-31	zł143.50 Million ≈ $39.49 Million	+7.01%
2021-12-31	zł134.10 Million ≈ $36.91 Million	+43.33%
2020-12-31	zł93.56 Million ≈ $25.75 Million	+15.44%
2019-12-31	zł81.04 Million ≈ $22.30 Million	+16.69%
2018-12-31	zł69.45 Million ≈ $19.11 Million	+9.56%
2017-12-31	zł63.39 Million ≈ $17.45 Million	+11.60%
2016-12-31	zł56.80 Million ≈ $15.63 Million	+11.56%
2015-12-31	zł50.91 Million ≈ $14.01 Million	+29.93%
2014-12-31	zł39.19 Million ≈ $10.78 Million	+35.40%
2013-12-31	zł28.94 Million ≈ $7.96 Million	+16.61%
2012-12-31	zł24.82 Million ≈ $6.83 Million	+0.73%
2011-12-31	zł24.64 Million ≈ $6.78 Million	+18.70%
2010-12-31	zł20.76 Million ≈ $5.71 Million	+108.69%
2009-12-31	zł9.95 Million ≈ $2.74 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
Zakłady Lentex SA WAR:LTX	$67.53 Million
Globe Metals & Mining Ltd AU:GBE	$67.53 Million
Complete Solaria, Inc NASDAQ:SPWR	$67.56 Million
CHINA MAPLE LE.ED.HD0005 F:CML1	$67.58 Million
Take Solutions Limited NSE:TAKE	$67.51 Million
Nestcon Bhd KLSE:0235	$67.48 Million
Wiable Corp KQ:065530	$67.43 Million
Fuzetec Technology Co Ltd TWO:6642	$67.40 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: 1.64x
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 19.73x to 1.64x 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	zł15.95	x
2010-12-31	zł1.69	zł15.95	x
2011-12-31	zł2.00	zł15.95	x
2012-12-31	zł2.02	zł15.95	x
2013-12-31	zł2.04	zł15.95	x
2014-12-31	zł2.58	zł15.95	x
2015-12-31	zł3.35	zł15.95	x
2016-12-31	zł3.69	zł15.95	x
2017-12-31	zł4.12	zł15.95	x
2018-12-31	zł4.52	zł15.95	x
2019-12-31	zł5.27	zł15.95	x
2020-12-31	zł6.08	zł15.95	x
2021-12-31	zł8.72	zł15.95	x
2022-12-31	zł9.33	zł15.95	x
2023-12-31	zł9.73	zł15.95	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: $464,079,452
Average return on equity (ROE) among peers: 3.02%

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	$67.52 Million
AB S.A. (ABE)	$1.53 Billion	11.37%	1.76x	$545.03 Million
Ampli SA w upadlosci ukladowej (APL)	$-6.41 Million	0.00%	0.00x	$903.25K
ASBISc Enterprises PLC (ASB)	$94.47 Million	7.36%	4.55x	$981.38 Million
Komputronik S.A. (KOM)	$239.62 Million	-6.64%	0.94x	$17.79 Million

About Grodno S.A.

WAR:GRN Poland Electronics & Computer Distribution

Market Cap

$67.52 Million

zł245.34 Million PLN

Market Cap Rank

#20713 Global

#177 in Poland

Share Price

zł15.95

Change (1 day)

-0.31%

52-Week Range

zł9.60 - zł16.20

All Time High

zł19.37