KGHM Polska Miedz SA
KGHM Polska Miedz S.A. engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally. The company offers copper cathodes, concentrate, wire rod and Cu-Ofe, and Cu-Ag wires; silver and gold; molybdenum; nickel; ETP/OFE nuggets; molybdenum oxides; oxygen-free copper rods; ammonium perrhenate, metallic rhenium, and rhenium powder; and … Read more
KGHM Polska Miedz SA (KGH) - Net Assets
Latest net assets as of September 2025: zł32.38 Billion PLN
Based on the latest financial reports, KGHM Polska Miedz SA (KGH) has net assets worth zł32.38 Billion PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł55.11 Billion) and total liabilities (zł22.73 Billion). 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 | zł32.38 Billion |
| % of Total Assets | 58.76% |
| Annual Growth Rate | 8.89% |
| 5-Year Change | 47.33% |
| 10-Year Change | 52.14% |
| Growth Volatility | 18.87 |
KGHM Polska Miedz SA - Net Assets Trend (2004–2024)
This chart illustrates how KGHM Polska Miedz SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KGHM Polska Miedz SA (2004–2024)
The table below shows the annual net assets of KGHM Polska Miedz SA from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł31.06 Billion | +8.48% |
| 2023-12-31 | zł28.63 Billion | -10.94% |
| 2022-12-31 | zł32.15 Billion | +18.45% |
| 2021-12-31 | zł27.14 Billion | +28.73% |
| 2020-12-31 | zł21.08 Billion | +4.35% |
| 2019-12-31 | zł20.20 Billion | +5.08% |
| 2018-12-31 | zł19.23 Billion | +8.10% |
| 2017-12-31 | zł17.79 Billion | +11.78% |
| 2016-12-31 | zł15.91 Billion | -22.06% |
| 2015-12-31 | zł20.41 Billion | -20.04% |
| 2014-12-31 | zł25.53 Billion | +9.58% |
| 2013-12-31 | zł23.30 Billion | +6.27% |
| 2012-12-31 | zł21.92 Billion | -6.24% |
| 2011-12-31 | zł23.38 Billion | +61.74% |
| 2010-12-31 | zł14.46 Billion | +36.08% |
| 2009-12-31 | zł10.62 Billion | -3.27% |
| 2008-12-31 | zł10.98 Billion | +15.59% |
| 2007-12-31 | zł9.50 Billion | +15.00% |
| 2006-12-31 | zł8.26 Billion | +29.97% |
| 2005-12-31 | zł6.36 Billion | +12.40% |
| 2004-12-31 | zł5.66 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to KGHM Polska Miedz 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 grown by 2935087300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł27.37 Billion | 88.33% |
| Common Stock | zł2.00 Billion | 6.45% |
| Other Comprehensive Income | zł1.62 Billion | 5.21% |
| Total Equity | zł30.99 Billion | 100.00% |
KGHM Polska Miedz SA Competitors by Market Cap
The table below lists competitors of KGHM Polska Miedz SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Utilities Group PLC
PINK:UUGWF
|
$9.34 Billion |
|
Polski Koncern Naftowy ORLEN Spólka Akcyjna
PINK:PSKOF
|
$9.35 Billion |
|
Builders FirstSource Inc
NYSE:BLDR
|
$9.36 Billion |
|
Mitsui Mining & Smelting Co. Ltd
F:MMG
|
$9.37 Billion |
|
Oshkosh Corporation
NYSE:OSK
|
$9.29 Billion |
|
GDS Holdings Ltd
NASDAQ:GDS
|
$9.29 Billion |
|
Adani Power Limited
NSE:ADANIPOWER
|
$9.28 Billion |
|
Eiffage SA
OTCGREY:EFGSF
|
$9.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KGHM Polska Miedz SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,565,000,000 to 30,990,000,000, a change of 2,425,000,000 (8.5%).
- Net income of 2,868,000,000 contributed positively to equity growth.
- Dividend payments of 300,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 143,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł2.87 Billion | +9.25% |
| Dividends Paid | zł300.00 Million | -0.97% |
| Other Comprehensive Income | zł-143.00 Million | -0.46% |
| Total Change | zł- | 8.49% |
Book Value vs Market Value Analysis
This analysis compares KGHM Polska Miedz 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: 1.83x
- 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 10.06x to 1.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | zł28.19 | zł283.50 | x |
| 2005-12-31 | zł31.71 | zł283.50 | x |
| 2006-12-31 | zł41.09 | zł283.50 | x |
| 2007-12-31 | zł47.27 | zł283.50 | x |
| 2008-12-31 | zł54.62 | zł283.50 | x |
| 2009-12-31 | zł52.78 | zł283.50 | x |
| 2010-12-31 | zł72.28 | zł283.50 | x |
| 2011-12-31 | zł115.50 | zł283.50 | x |
| 2012-12-31 | zł109.62 | zł283.50 | x |
| 2013-12-31 | zł116.49 | zł283.50 | x |
| 2014-12-31 | zł126.51 | zł283.50 | x |
| 2015-12-31 | zł101.06 | zł283.50 | x |
| 2016-12-31 | zł78.86 | zł283.50 | x |
| 2017-12-31 | zł88.47 | zł283.50 | x |
| 2018-12-31 | zł95.67 | zł283.50 | x |
| 2019-12-31 | zł100.55 | zł283.50 | x |
| 2020-12-31 | zł104.96 | zł283.50 | x |
| 2021-12-31 | zł135.23 | zł283.50 | x |
| 2022-12-31 | zł160.45 | zł283.50 | x |
| 2023-12-31 | zł142.83 | zł283.50 | x |
| 2024-12-31 | zł154.95 | zł283.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KGHM Polska Miedz 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): 9.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.12%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.74x
- Recent ROE (9.25%) is below the historical average (15.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 24.41% | 18.80% | 0.78x | 1.66x | zł812.63 Million |
| 2005 | 33.23% | 23.34% | 0.81x | 1.75x | zł1.47 Billion |
| 2006 | 42.71% | 27.29% | 0.99x | 1.58x | zł2.69 Billion |
| 2007 | 41.63% | 29.16% | 1.00x | 1.42x | zł2.99 Billion |
| 2008 | 25.32% | 21.86% | 0.84x | 1.37x | zł1.67 Billion |
| 2009 | 22.35% | 19.47% | 0.81x | 1.41x | zł1.30 Billion |
| 2010 | 31.60% | 28.65% | 0.80x | 1.37x | zł3.12 Billion |
| 2011 | 47.90% | 50.05% | 0.72x | 1.32x | zł8.75 Billion |
| 2012 | 22.20% | 23.47% | 0.74x | 1.29x | zł2.68 Billion |
| 2013 | 13.13% | 16.46% | 0.64x | 1.25x | zł728.20 Million |
| 2014 | 9.68% | 11.96% | 0.51x | 1.60x | zł-80.20 Million |
| 2015 | -24.80% | -25.05% | 0.54x | 1.82x | zł-7.03 Billion |
| 2016 | -27.71% | -22.82% | 0.57x | 2.12x | zł-5.95 Billion |
| 2017 | 8.86% | 7.70% | 0.60x | 1.93x | zł-201.40 Million |
| 2018 | 8.66% | 8.07% | 0.55x | 1.95x | zł-256.30 Million |
| 2019 | 7.07% | 6.25% | 0.58x | 1.96x | zł-590.00 Million |
| 2020 | 8.57% | 7.62% | 0.55x | 2.04x | zł-299.20 Million |
| 2021 | 22.76% | 20.66% | 0.62x | 1.78x | zł3.45 Billion |
| 2022 | 14.87% | 14.10% | 0.63x | 1.67x | zł1.56 Billion |
| 2023 | -12.95% | -11.26% | 0.64x | 1.80x | zł-6.55 Billion |
| 2024 | 9.25% | 8.12% | 0.66x | 1.74x | zł-231.00 Million |
Industry Comparison
This section compares KGHM Polska Miedz SA's net assets metrics with peer companies in the Copper industry.
No peer company data available for comparison.