KGHM Polska Miedz SA (KGH) - Net Assets

Latest as of September 2025: zł32.38 Billion PLN ≈ $8.91 Billion USD

Based on the latest financial reports, KGHM Polska Miedz SA (KGH) has net assets worth zł32.38 Billion PLN (≈ $8.91 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 (zł55.11 Billion ≈ $15.17 Billion USD) and total liabilities (zł22.73 Billion ≈ $6.26 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 KGHM Polska Miedz SA (KGH) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of KGHM Polska Miedz SA for the complete picture of this company's asset base.

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. For live valuation and market cap data, see KGHM Polska Miedz SA (KGH) market capitalisation.

Year	Net Assets	Change
2024-12-31	zł31.06 Billion ≈ $8.55 Billion	+8.48%
2023-12-31	zł28.63 Billion ≈ $7.88 Billion	-10.94%
2022-12-31	zł32.15 Billion ≈ $8.85 Billion	+18.45%
2021-12-31	zł27.14 Billion ≈ $7.47 Billion	+28.73%
2020-12-31	zł21.08 Billion ≈ $5.80 Billion	+4.35%
2019-12-31	zł20.20 Billion ≈ $5.56 Billion	+5.08%
2018-12-31	zł19.23 Billion ≈ $5.29 Billion	+8.10%
2017-12-31	zł17.79 Billion ≈ $4.89 Billion	+11.78%
2016-12-31	zł15.91 Billion ≈ $4.38 Billion	-22.06%
2015-12-31	zł20.41 Billion ≈ $5.62 Billion	-20.04%
2014-12-31	zł25.53 Billion ≈ $7.03 Billion	+9.58%
2013-12-31	zł23.30 Billion ≈ $6.41 Billion	+6.27%
2012-12-31	zł21.92 Billion ≈ $6.03 Billion	-6.24%
2011-12-31	zł23.38 Billion ≈ $6.44 Billion	+61.74%
2010-12-31	zł14.46 Billion ≈ $3.98 Billion	+36.08%
2009-12-31	zł10.62 Billion ≈ $2.92 Billion	-3.27%
2008-12-31	zł10.98 Billion ≈ $3.02 Billion	+15.59%
2007-12-31	zł9.50 Billion ≈ $2.61 Billion	+15.00%
2006-12-31	zł8.26 Billion ≈ $2.27 Billion	+29.97%
2005-12-31	zł6.36 Billion ≈ $1.75 Billion	+12.40%
2004-12-31	zł5.66 Billion ≈ $1.56 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
TELENOR ASA SP.ADR/ O.N. F:TEQA	$16.69 Billion
BE SEMICON.INDS NY EO091 F:BSIA	$16.74 Billion
Hologic Inc NASDAQ:HOLX	$16.77 Billion
International Paper NYSE:IP	$16.77 Billion
Merck KGaA XETRA:MRK	$16.63 Billion
Brookfield Infrastructure Partners LP NYSE:BIP	$16.63 Billion
Rede D'Or São Luiz S.A. SA:RDOR3	$16.61 Billion
Affirm Holdings Inc NASDAQ:AFRM	$16.59 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: 1.95x
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 10.74x to 1.95x 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	zł302.80	x
2005-12-31	zł31.71	zł302.80	x
2006-12-31	zł41.09	zł302.80	x
2007-12-31	zł47.27	zł302.80	x
2008-12-31	zł54.62	zł302.80	x
2009-12-31	zł52.78	zł302.80	x
2010-12-31	zł72.28	zł302.80	x
2011-12-31	zł115.50	zł302.80	x
2012-12-31	zł109.62	zł302.80	x
2013-12-31	zł116.49	zł302.80	x
2014-12-31	zł126.51	zł302.80	x
2015-12-31	zł101.06	zł302.80	x
2016-12-31	zł78.86	zł302.80	x
2017-12-31	zł88.47	zł302.80	x
2018-12-31	zł95.67	zł302.80	x
2019-12-31	zł100.55	zł302.80	x
2020-12-31	zł104.96	zł302.80	x
2021-12-31	zł135.23	zł302.80	x
2022-12-31	zł160.45	zł302.80	x
2023-12-31	zł142.83	zł302.80	x
2024-12-31	zł154.95	zł302.80	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.

About KGHM Polska Miedz SA

WAR:KGH Poland Copper

Market Cap

$16.67 Billion

zł60.56 Billion PLN

Market Cap Rank

#1481 Global

#4 in Poland

Share Price

zł302.80

Change (1 day)

+0.97%

52-Week Range

zł120.50 - zł371.90

All Time High

zł371.90