Jastrzebska Spotka Weglowa SA (JSW) - Net Assets

Latest as of March 2026: zł2.85 Billion PLN ≈ $783.29 Million USD

Based on the latest financial reports, Jastrzebska Spotka Weglowa SA (JSW) has net assets worth zł2.85 Billion PLN (≈ $783.29 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł13.60 Billion ≈ $3.74 Billion USD) and total liabilities (zł10.75 Billion ≈ $2.96 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 Jastrzebska Spotka Weglowa SA PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł2.85 Billion
% of Total Assets	20.93%
Annual Growth Rate	-3.68%
5-Year Change	-58.1%
10-Year Change	-14.57%
Growth Volatility	39.28

Jastrzebska Spotka Weglowa SA - Net Assets Trend (2010–2025)

This chart illustrates how Jastrzebska Spotka Weglowa SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Jastrzebska Spotka Weglowa SA (JSW) total market value.

Annual Net Assets for Jastrzebska Spotka Weglowa SA (2010–2025)

The table below shows the annual net assets of Jastrzebska Spotka Weglowa SA from 2010 to 2025. Also explore JSW net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł3.48 Billion ≈ $956.87 Million	-64.33%
2024-12-31	zł9.75 Billion ≈ $2.68 Billion	-42.57%
2023-12-31	zł16.97 Billion ≈ $4.67 Billion	+6.49%
2022-12-31	zł15.94 Billion ≈ $4.39 Billion	+92.07%
2021-12-31	zł8.30 Billion ≈ $2.28 Billion	+13.40%
2020-12-31	zł7.32 Billion ≈ $2.01 Billion	-17.33%
2019-12-31	zł8.85 Billion ≈ $2.44 Billion	+4.81%
2018-12-31	zł8.45 Billion ≈ $2.32 Billion	+27.55%
2017-12-31	zł6.62 Billion ≈ $1.82 Billion	+62.71%
2016-12-31	zł4.07 Billion ≈ $1.12 Billion	+3.44%
2015-12-31	zł3.93 Billion ≈ $1.08 Billion	-45.87%
2014-12-31	zł7.27 Billion ≈ $2.00 Billion	-12.98%
2013-12-31	zł8.35 Billion ≈ $2.30 Billion	-2.59%
2012-12-31	zł8.57 Billion ≈ $2.36 Billion	+1.55%
2011-12-31	zł8.44 Billion ≈ $2.32 Billion	+38.36%
2010-12-31	zł6.10 Billion ≈ $1.68 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Jastrzebska Spotka Weglowa SA'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 79.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł880.30 Million	28.79%
Common Stock	zł587.00 Million	19.20%
Other Comprehensive Income	zł20.50 Million	0.67%
Other Components	zł1.57 Billion	51.34%
Total Equity	zł3.06 Billion	100.00%

Jastrzebska Spotka Weglowa SA Competitors by Market Cap

The table below lists competitors of Jastrzebska Spotka Weglowa SA ranked by their market capitalization.

Company	Market Cap
Zhuzhou Huarui Precision Cutting Tools Co Ltd SHG:688059	$1.22 Billion
Temple Bar Investment Trust LSE:TMPL	$1.22 Billion
Yuanta Futures Co Ltd TWO:6023	$1.22 Billion
He Bei Cheng De LoLo Co Ltd SHE:000848	$1.22 Billion
Genimous Technology Co Ltd SHE:000676	$1.22 Billion
Anhui Shanying Paper Industry Co Ltd SHG:600567	$1.22 Billion
U.S. Physical Therapy, Inc. NYSE:USPH	$1.22 Billion
Jinhui Liquor Co Ltd SHG:603919	$1.22 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jastrzebska Spotka Weglowa SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,287,000,000 to 3,057,700,000, a change of -6,229,300,000 (-67.1%).
Net loss of 6,214,600,000 reduced equity.
Other comprehensive income increased equity by 19,300,000.
Other factors decreased equity by 34,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-6.21 Billion	-203.24%
Other Comprehensive Income	zł19.30 Million	+0.63%
Other Changes	zł-34.00 Million	-1.11%
Total Change	zł-	-67.08%

Book Value vs Market Value Analysis

This analysis compares Jastrzebska Spotka Weglowa SA'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: 1.45x
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 0.70x to 1.45x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-12-31	zł53.67	zł37.72	x
2011-12-31	zł72.73	zł37.72	x
2012-12-31	zł71.22	zł37.72	x
2013-12-31	zł69.71	zł37.72	x
2014-12-31	zł60.58	zł37.72	x
2015-12-31	zł32.66	zł37.72	x
2016-12-31	zł34.09	zł37.72	x
2017-12-31	zł54.42	zł37.72	x
2018-12-31	zł68.83	zł37.72	x
2019-12-31	zł72.08	zł37.72	x
2020-12-31	zł58.94	zł37.72	x
2021-12-31	zł66.87	zł37.72	x
2022-12-31	zł132.39	zł37.72	x
2023-12-31	zł140.27	zł37.72	x
2024-12-31	zł79.10	zł37.72	x
2025-12-31	zł26.04	zł37.72	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jastrzebska Spotka Weglowa SA 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): -203.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -66.06%
• Asset Turnover: 0.70x
• Equity Multiplier: 4.40x
Recent ROE (-203.24%) is below the historical average (-12.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	25.68%	20.61%	0.69x	1.81x	zł916.96 Million
2011	25.56%	22.45%	0.69x	1.65x	zł1.28 Billion
2012	11.72%	11.17%	0.63x	1.67x	zł144.85 Million
2013	0.94%	1.01%	0.55x	1.69x	zł-741.20 Million
2014	-9.27%	-9.67%	0.44x	2.16x	zł-1.37 Billion
2015	-85.15%	-47.09%	0.59x	3.08x	zł-3.65 Billion
2016	0.17%	0.10%	0.58x	2.88x	zł-393.55 Million
2017	39.74%	28.60%	0.73x	1.89x	zł1.90 Billion
2018	21.50%	17.71%	0.71x	1.70x	zł928.96 Million
2019	7.43%	7.25%	0.58x	1.76x	zł-217.42 Million
2020	-22.34%	-22.29%	0.46x	2.17x	zł-2.24 Billion
2021	11.51%	8.50%	0.67x	2.03x	zł118.55 Million
2022	49.01%	37.72%	0.75x	1.73x	zł6.06 Billion
2023	6.03%	6.48%	0.55x	1.69x	zł-653.04 Million
2024	-77.98%	-64.05%	0.49x	2.46x	zł-8.17 Billion
2025	-203.24%	-66.06%	0.70x	4.40x	zł-6.52 Billion

Industry Comparison

This section compares Jastrzebska Spotka Weglowa SA's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $824,125,250
Average return on equity (ROE) among peers: 5.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jastrzebska Spotka Weglowa SA (JSW)	zł2.85 Billion	25.68%	3.78x	$1.22 Billion
Bumech S.A. (BMC)	$7.26 Million	-462.40%	14.50x	$64.03 Million
Clean & Carbon Energy S.A. (CCE)	$53.40 Million	-7.26%	0.57x	$2.47 Million
Coal Energy S.A. (CLE)	$7.35 Million	480.17%	11.92x	$23.24 Million
Lubelski Wegiel Bogdanka S.A. (LWB)	$3.23 Billion	9.56%	0.32x	$238.71 Million

About Jastrzebska Spotka Weglowa SA

WAR:JSW Poland Thermal Coal

Market Cap

$1.22 Billion

zł4.43 Billion PLN

Market Cap Rank

#8047 Global

#42 in Poland

Share Price

zł37.72

Change (1 day)

+1.81%

52-Week Range

zł21.39 - zł38.90

All Time High

zł108.15