Kogeneracja SA
Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. engages in the production of electricity and heat in Poland. The company is also involved in the wholesale and retail sale of electricity, heat, and power industry products and services. The company was incorporated in 2001 and is based in Wroclaw, Poland. Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. is a subsidiary of PGE Energia Cie… Read more
Kogeneracja SA (KGN) - Net Assets
Latest net assets as of September 2025: zł2.47 Billion PLN
Based on the latest financial reports, Kogeneracja SA (KGN) has net assets worth zł2.47 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 (zł4.05 Billion) and total liabilities (zł1.58 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 | zł2.47 Billion |
| % of Total Assets | 61.02% |
| Annual Growth Rate | 6.45% |
| 5-Year Change | 38.71% |
| 10-Year Change | 70.69% |
| Growth Volatility | 5.06 |
Kogeneracja SA - Net Assets Trend (2005–2024)
This chart illustrates how Kogeneracja 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 Kogeneracja SA (2005–2024)
The table below shows the annual net assets of Kogeneracja SA from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł2.34 Billion | +9.41% |
| 2023-12-31 | zł2.14 Billion | +12.96% |
| 2022-12-31 | zł1.89 Billion | +8.33% |
| 2021-12-31 | zł1.75 Billion | +3.60% |
| 2020-12-31 | zł1.69 Billion | +7.99% |
| 2019-12-31 | zł1.56 Billion | +6.44% |
| 2018-12-31 | zł1.47 Billion | -2.65% |
| 2017-12-31 | zł1.51 Billion | +5.08% |
| 2016-12-31 | zł1.43 Billion | +4.65% |
| 2015-12-31 | zł1.37 Billion | +10.05% |
| 2014-12-31 | zł1.24 Billion | +4.00% |
| 2013-12-31 | zł1.20 Billion | +6.95% |
| 2012-12-31 | zł1.12 Billion | +1.94% |
| 2011-12-31 | zł1.10 Billion | +6.02% |
| 2010-12-31 | zł1.04 Billion | +22.61% |
| 2009-12-31 | zł844.56 Million | +1.44% |
| 2008-12-31 | zł832.56 Million | +6.51% |
| 2007-12-31 | zł781.66 Million | +5.48% |
| 2006-12-31 | zł741.03 Million | +3.91% |
| 2005-12-31 | zł713.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kogeneracja 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 379.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł873.84 Million | 37.37% |
| Common Stock | zł252.50 Million | 10.80% |
| Other Comprehensive Income | zł960.66 Million | 41.08% |
| Other Components | zł251.26 Million | 10.75% |
| Total Equity | zł2.34 Billion | 100.00% |
Kogeneracja SA Competitors by Market Cap
The table below lists competitors of Kogeneracja SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
eMudhra Limited
NSE:EMUDHRA
|
$112.77 Million |
|
Jubilee Metals Group PLC
PINK:JUBPF
|
$112.79 Million |
|
Rare Element Resources Ltd
OTCQB:REEMF
|
$112.80 Million |
|
Ilyang Pharmaceutical Co Ltd
KO:007575
|
$112.84 Million |
|
Biotrend Cevre ve Enerji Yatirimlari AS
IS:BIOEN
|
$112.68 Million |
|
ZhongWang Fabric Co. Ltd.
SHG:605003
|
$112.67 Million |
|
Arima Real Estate SOCIMI SA
MC:ARM
|
$112.66 Million |
|
CAPRAL LTD.
F:CBZ
|
$112.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kogeneracja SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,137,081,000 to 2,338,255,000, a change of 201,174,000 (9.4%).
- Net income of 201,755,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 178,809,000.
- Other factors decreased equity by 179,390,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł201.75 Million | +8.63% |
| Other Comprehensive Income | zł178.81 Million | +7.65% |
| Other Changes | zł-179.39 Million | -7.67% |
| Total Change | zł- | 9.41% |
Book Value vs Market Value Analysis
This analysis compares Kogeneracja 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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.61x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | zł46.47 | zł75.00 | x |
| 2006-12-31 | zł48.51 | zł75.00 | x |
| 2007-12-31 | zł51.27 | zł75.00 | x |
| 2008-12-31 | zł54.46 | zł75.00 | x |
| 2009-12-31 | zł56.68 | zł75.00 | x |
| 2010-12-31 | zł68.40 | zł75.00 | x |
| 2011-12-31 | zł73.38 | zł75.00 | x |
| 2012-12-31 | zł74.76 | zł75.00 | x |
| 2013-12-31 | zł79.96 | zł75.00 | x |
| 2014-12-31 | zł83.32 | zł75.00 | x |
| 2015-12-31 | zł91.74 | zł75.00 | x |
| 2016-12-31 | zł96.01 | zł75.00 | x |
| 2017-12-31 | zł100.82 | zł75.00 | x |
| 2018-12-31 | zł98.22 | zł75.00 | x |
| 2019-12-31 | zł104.49 | zł75.00 | x |
| 2020-12-31 | zł112.72 | zł75.00 | x |
| 2021-12-31 | zł116.75 | zł75.00 | x |
| 2022-12-31 | zł126.36 | zł75.00 | x |
| 2023-12-31 | zł143.43 | zł75.00 | x |
| 2024-12-31 | zł156.93 | zł75.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kogeneracja 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): 8.63%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.89%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.02x
- Recent ROE (8.63%) is above the historical average (7.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.07% | 3.61% | 0.54x | 2.07x | zł-41.08 Million |
| 2006 | 5.88% | 4.98% | 0.60x | 1.96x | zł-29.75 Million |
| 2007 | 8.88% | 8.72% | 0.56x | 1.82x | zł-8.56 Million |
| 2008 | 9.77% | 9.80% | 0.53x | 1.87x | zł-1.89 Million |
| 2009 | 12.25% | 19.46% | 0.42x | 1.48x | zł19.01 Million |
| 2010 | 13.49% | 13.34% | 0.56x | 1.82x | zł35.57 Million |
| 2011 | 11.22% | 11.78% | 0.55x | 1.72x | zł13.32 Million |
| 2012 | 8.31% | 8.33% | 0.60x | 1.66x | zł-18.87 Million |
| 2013 | 6.59% | 7.84% | 0.52x | 1.62x | zł-40.57 Million |
| 2014 | 3.97% | 5.49% | 0.43x | 1.67x | zł-74.85 Million |
| 2015 | 9.17% | 12.65% | 0.44x | 1.65x | zł-11.30 Million |
| 2016 | 10.96% | 14.99% | 0.46x | 1.60x | zł13.73 Million |
| 2017 | 8.74% | 12.93% | 0.44x | 1.55x | zł-19.00 Million |
| 2018 | 0.82% | 1.24% | 0.40x | 1.63x | zł-134.42 Million |
| 2019 | 5.33% | 7.59% | 0.42x | 1.66x | zł-72.77 Million |
| 2020 | 7.38% | 10.47% | 0.41x | 1.70x | zł-44.02 Million |
| 2021 | 3.23% | 3.92% | 0.45x | 1.84x | zł-117.71 Million |
| 2022 | 7.94% | 8.25% | 0.51x | 1.88x | zł-38.74 Million |
| 2023 | 11.96% | 8.08% | 0.67x | 2.21x | zł41.99 Million |
| 2024 | 8.63% | 7.89% | 0.54x | 2.02x | zł-32.07 Million |
Industry Comparison
This section compares Kogeneracja SA's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $6,681,933,000
- Average return on equity (ROE) among peers: 786.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kogeneracja SA (KGN) | zł2.47 Billion | 4.07% | 0.64x | $112.69 Million |
| Elektrocieplownia Bedzin (BDZ) | $20.86 Million | 3065.46% | 0.54x | $4.15 Million |
| EuroHold Bulgaria AD (EHG) | $117.71 Million | 65.62% | 20.04x | $64.86 Million |
| Enea S.A. (ENA) | $15.05 Billion | 4.56% | 0.99x | $1.28 Billion |
| Energa S.A. (ENG) | $11.54 Billion | 8.38% | 1.36x | $168.99 Million |