Kogeneracja SA (KGN) - Net Assets
Based on the latest financial reports, Kogeneracja SA (KGN) has net assets worth zł2.81 Billion PLN (≈ $773.59 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 (zł5.02 Billion ≈ $1.38 Billion USD) and total liabilities (zł2.21 Billion ≈ $608.19 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 how tangible is Kogeneracja SA's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł2.81 Billion |
| % of Total Assets | 55.98% |
| Annual Growth Rate | 6.68% |
| 5-Year Change | 48.75% |
| 10-Year Change | 81.21% |
| Growth Volatility | 5.03 |
Kogeneracja SA - Net Assets Trend (2005–2025)
This chart illustrates how Kogeneracja SA's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Kogeneracja SA to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kogeneracja SA (2005–2025)
The table below shows the annual net assets of Kogeneracja SA from 2005 to 2025. For live valuation and market cap data, see KGN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł2.60 Billion ≈ $714.95 Million |
+11.10% |
| 2024-12-31 | zł2.34 Billion ≈ $643.52 Million |
+9.41% |
| 2023-12-31 | zł2.14 Billion ≈ $588.16 Million |
+12.96% |
| 2022-12-31 | zł1.89 Billion ≈ $520.68 Million |
+8.33% |
| 2021-12-31 | zł1.75 Billion ≈ $480.63 Million |
+3.60% |
| 2020-12-31 | zł1.69 Billion ≈ $463.94 Million |
+7.99% |
| 2019-12-31 | zł1.56 Billion ≈ $429.62 Million |
+6.44% |
| 2018-12-31 | zł1.47 Billion ≈ $403.62 Million |
-2.65% |
| 2017-12-31 | zł1.51 Billion ≈ $414.59 Million |
+5.08% |
| 2016-12-31 | zł1.43 Billion ≈ $394.53 Million |
+4.65% |
| 2015-12-31 | zł1.37 Billion ≈ $377.00 Million |
+10.05% |
| 2014-12-31 | zł1.24 Billion ≈ $342.57 Million |
+4.00% |
| 2013-12-31 | zł1.20 Billion ≈ $329.39 Million |
+6.95% |
| 2012-12-31 | zł1.12 Billion ≈ $307.99 Million |
+1.94% |
| 2011-12-31 | zł1.10 Billion ≈ $302.14 Million |
+6.02% |
| 2010-12-31 | zł1.04 Billion ≈ $284.99 Million |
+22.61% |
| 2009-12-31 | zł844.56 Million ≈ $232.44 Million |
+1.44% |
| 2008-12-31 | zł832.56 Million ≈ $229.13 Million |
+6.51% |
| 2007-12-31 | zł781.66 Million ≈ $215.12 Million |
+5.48% |
| 2006-12-31 | zł741.03 Million ≈ $203.94 Million |
+3.91% |
| 2005-12-31 | zł713.12 Million ≈ $196.26 Million |
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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 525.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł1.14 Billion | 43.90% |
| Other Components | zł1.46 Billion | 56.10% |
| Total Equity | zł2.60 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 |
|---|---|
|
Nanjing Toua Hardware&Tools Co.Ltd.
SHE:301125
|
$303.48 Million |
|
A-LIVING SM.CI.SV. H YC 1
F:1V0
|
$303.49 Million |
|
Galan Lithium Limited
F:9CH
|
$303.62 Million |
|
Shanghai Fenghwa Group Co Ltd
SHG:600615
|
$303.75 Million |
|
Moury Construct SA
BR:MOUR
|
$303.38 Million |
|
29METALS Ltd
AU:29M
|
$303.38 Million |
|
Rezolute Inc
NASDAQ:RZLT
|
$303.36 Million |
|
Bear Creek Mining Corporation
V:BCM
|
$303.35 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 2024 to 2025, total equity changed from 2,338,255,000 to 2,597,799,000, a change of 259,544,000 (11.1%).
- Net income of 277,024,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 960,659,000.
- Other factors increased equity by 943,179,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł277.02 Million | +10.66% |
| Other Comprehensive Income | zł-960.66 Million | -36.98% |
| Other Changes | zł943.18 Million | +36.31% |
| Total Change | zł- | 11.10% |
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: 0.42x
- 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 1.59x to 0.42x 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 | zł74.00 | x |
| 2006-12-31 | zł48.51 | zł74.00 | x |
| 2007-12-31 | zł51.27 | zł74.00 | x |
| 2008-12-31 | zł54.46 | zł74.00 | x |
| 2009-12-31 | zł56.68 | zł74.00 | x |
| 2010-12-31 | zł68.40 | zł74.00 | x |
| 2011-12-31 | zł73.38 | zł74.00 | x |
| 2012-12-31 | zł74.76 | zł74.00 | x |
| 2013-12-31 | zł79.96 | zł74.00 | x |
| 2014-12-31 | zł83.32 | zł74.00 | x |
| 2015-12-31 | zł91.74 | zł74.00 | x |
| 2016-12-31 | zł96.01 | zł74.00 | x |
| 2017-12-31 | zł100.82 | zł74.00 | x |
| 2018-12-31 | zł98.22 | zł74.00 | x |
| 2019-12-31 | zł104.49 | zł74.00 | x |
| 2020-12-31 | zł112.72 | zł74.00 | x |
| 2021-12-31 | zł116.75 | zł74.00 | x |
| 2022-12-31 | zł126.36 | zł74.00 | x |
| 2023-12-31 | zł143.43 | zł74.00 | x |
| 2024-12-31 | zł156.93 | zł74.00 | x |
| 2025-12-31 | zł174.35 | zł74.00 | 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): 10.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.45%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.77x
- Recent ROE (10.66%) is above the historical average (8.06%), 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 |
| 2025 | 10.66% | 10.45% | 0.58x | 1.77x | zł17.24 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: $12,795,898,800
- Average return on equity (ROE) among peers: 13.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kogeneracja SA (KGN) | zł2.81 Billion | 4.07% | 0.79x | $303.45 Million |
| Elektrocieplownia Bedzin (BDZ) | $-4.23 Million | 0.00% | 0.00x | $32.36 Million |
| EuroHold Bulgaria AD (EHG) | $117.71 Million | 65.62% | 20.04x | $331.13 Million |
| Enea S.A. (ENA) | $12.06 Billion | 7.53% | 0.50x | $2.83 Billion |
| Energa S.A. (ENG) | $8.82 Billion | 1.71% | 1.12x | $2.13 Billion |
| PGE Polska Grupa Energetyczna SA (PGE) | $42.98 Billion | -8.14% | 1.45x | $6.04 Billion |
About Kogeneracja SA
Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. engages in the production of electricity and heat in Poland. It 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. operates as a subsidiary of PGE Energia Cie… Read more