mBank SA
mBank S.A. provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally. The company provides retail, SME, corporate, and investment banking services. It offers banking services, such as personal, savings, currency, investment, and business accounts, as well as various deposits. It also provides debit and credit cards; cash, car, secured, and corpor… Read more
mBank SA (MBK) - Net Assets
Latest net assets as of December 2025: zł21.41 Billion PLN
Based on the latest financial reports, mBank SA (MBK) has net assets worth zł21.41 Billion PLN as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł280.25 Billion) and total liabilities (zł258.84 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 | zł21.41 Billion |
| % of Total Assets | 7.64% |
| Annual Growth Rate | 11.64% |
| 5-Year Change | 56.07% |
| 10-Year Change | 64.04% |
| Growth Volatility | 15.5 |
mBank SA - Net Assets Trend (2002–2025)
This chart illustrates how mBank 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 mBank SA (2002–2025)
The table below shows the annual net assets of mBank SA from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł21.41 Billion | +20.50% |
| 2024-12-31 | zł17.77 Billion | +29.33% |
| 2023-12-31 | zł13.74 Billion | +8.04% |
| 2022-12-31 | zł12.72 Billion | -7.31% |
| 2021-12-31 | zł13.72 Billion | -16.70% |
| 2020-12-31 | zł16.47 Billion | +1.95% |
| 2019-12-31 | zł16.15 Billion | +6.16% |
| 2018-12-31 | zł15.22 Billion | +6.47% |
| 2017-12-31 | zł14.29 Billion | +9.50% |
| 2016-12-31 | zł13.05 Billion | +6.32% |
| 2015-12-31 | zł12.27 Billion | +10.86% |
| 2014-12-31 | zł11.07 Billion | +7.96% |
| 2013-12-31 | zł10.26 Billion | +5.63% |
| 2012-12-31 | zł9.71 Billion | +20.28% |
| 2011-12-31 | zł8.07 Billion | +14.06% |
| 2010-12-31 | zł7.08 Billion | +65.70% |
| 2009-12-31 | zł4.27 Billion | +9.67% |
| 2008-12-31 | zł3.89 Billion | +26.44% |
| 2007-12-31 | zł3.08 Billion | +30.90% |
| 2006-12-31 | zł2.35 Billion | +11.60% |
| 2005-12-31 | zł2.11 Billion | +9.53% |
| 2004-12-31 | zł1.92 Billion | +13.50% |
| 2003-12-31 | zł1.70 Billion | -0.35% |
| 2002-12-31 | zł1.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to mBank 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 1681459500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł16.30 Billion | 76.13% |
| Other Components | zł5.11 Billion | 23.87% |
| Total Equity | zł21.41 Billion | 100.00% |
mBank SA Competitors by Market Cap
The table below lists competitors of mBank SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oasis Petroleum Inc
PINK:OASPW
|
$3.33 Billion |
|
Furukawa Electric Co. Ltd
PINK:FUWAF
|
$3.34 Billion |
|
Hong Leong Bank Bhd
KLSE:5819
|
$3.34 Billion |
|
Bohai Leasing Co Ltd
SHE:000415
|
$3.34 Billion |
|
Beijing Enterprises Water Group Limited
PINK:BJWTY
|
$3.33 Billion |
|
Sofina Société Anonyme
PINK:SFNXF
|
$3.33 Billion |
|
Finning International Inc.
PINK:FINGF
|
$3.33 Billion |
|
Kulicke and Soffa Industries Inc
NASDAQ:KLIC
|
$3.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in mBank SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,766,994,000 to 21,409,125,000, a change of 3,642,131,000 (20.5%).
- Net income of 3,543,540,000 contributed positively to equity growth.
- New share issuances of 115,000 increased equity.
- Other comprehensive income decreased equity by 1,243,714,000.
- Other factors increased equity by 1,342,190,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł3.54 Billion | +16.55% |
| Share Issuances | zł115.00K | +0.0% |
| Other Comprehensive Income | zł-1.24 Billion | -5.81% |
| Other Changes | zł1.34 Billion | +6.27% |
| Total Change | zł- | 20.50% |
Book Value vs Market Value Analysis
This analysis compares mBank 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: 2.09x
- 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 15.26x to 2.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | zł68.97 | zł1052.50 | x |
| 2003-12-31 | zł61.29 | zł1052.50 | x |
| 2004-12-31 | zł81.06 | zł1052.50 | x |
| 2005-12-31 | zł78.76 | zł1052.50 | x |
| 2006-12-31 | zł79.72 | zł1052.50 | x |
| 2007-12-31 | zł104.03 | zł1052.50 | x |
| 2008-12-31 | zł125.95 | zł1052.50 | x |
| 2009-12-31 | zł138.59 | zł1052.50 | x |
| 2010-12-31 | zł188.22 | zł1052.50 | x |
| 2011-12-31 | zł191.03 | zł1052.50 | x |
| 2012-12-31 | zł229.74 | zł1052.50 | x |
| 2013-12-31 | zł242.59 | zł1052.50 | x |
| 2014-12-31 | zł261.56 | zł1052.50 | x |
| 2015-12-31 | zł289.78 | zł1052.50 | x |
| 2016-12-31 | zł308.05 | zł1052.50 | x |
| 2017-12-31 | zł337.70 | zł1052.50 | x |
| 2018-12-31 | zł359.30 | zł1052.50 | x |
| 2019-12-31 | zł381.30 | zł1052.50 | x |
| 2020-12-31 | zł388.57 | zł1052.50 | x |
| 2021-12-31 | zł323.11 | zł1052.50 | x |
| 2022-12-31 | zł299.81 | zł1052.50 | x |
| 2023-12-31 | zł323.02 | zł1052.50 | x |
| 2024-12-31 | zł417.63 | zł1052.50 | x |
| 2025-12-31 | zł503.44 | zł1052.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently mBank 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): 16.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.11%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 13.09x
- Recent ROE (16.55%) is above the historical average (5.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -23.38% | -43.69% | 0.03x | 17.31x | zł-528.82 Million |
| 2003 | 0.55% | 1.29% | 0.02x | 19.28x | zł-149.66 Million |
| 2004 | -13.89% | -20.76% | 0.04x | 17.57x | zł-444.77 Million |
| 2005 | -13.68% | -19.02% | 0.04x | 16.09x | zł-481.95 Million |
| 2006 | 13.78% | 25.59% | 0.03x | 15.67x | zł88.89 Million |
| 2007 | 20.69% | 34.37% | 0.04x | 15.72x | zł329.22 Million |
| 2008 | 23.77% | 32.89% | 0.03x | 22.04x | zł515.26 Million |
| 2009 | 3.17% | 5.01% | 0.03x | 19.67x | zł-281.50 Million |
| 2010 | 9.56% | 19.83% | 0.04x | 13.03x | zł-30.07 Million |
| 2011 | 14.10% | 30.33% | 0.04x | 12.28x | zł330.10 Million |
| 2012 | 12.42% | 32.82% | 0.04x | 10.56x | zł234.68 Million |
| 2013 | 11.79% | 32.26% | 0.04x | 10.19x | zł183.44 Million |
| 2014 | 11.65% | 31.93% | 0.03x | 10.68x | zł182.34 Million |
| 2015 | 10.63% | 32.90% | 0.03x | 10.09x | zł77.01 Million |
| 2016 | 9.36% | 28.08% | 0.03x | 10.27x | zł-83.09 Million |
| 2017 | 7.64% | 23.34% | 0.04x | 9.20x | zł-337.41 Million |
| 2018 | 8.65% | 27.63% | 0.03x | 9.58x | zł-204.95 Million |
| 2019 | 6.26% | 18.09% | 0.04x | 9.83x | zł-604.78 Million |
| 2020 | 0.63% | 1.93% | 0.03x | 10.45x | zł-1.54 Billion |
| 2021 | -8.59% | -18.71% | 0.03x | 14.55x | zł-2.55 Billion |
| 2022 | -5.53% | -8.66% | 0.04x | 16.51x | zł-1.97 Billion |
| 2023 | 0.18% | 0.24% | 0.04x | 16.53x | zł-1.35 Billion |
| 2024 | 12.63% | 13.24% | 0.07x | 13.84x | zł466.55 Million |
| 2025 | 16.55% | 28.11% | 0.04x | 13.09x | zł1.40 Billion |
Industry Comparison
This section compares mBank SA's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $13,134,344,143
- Average return on equity (ROE) among peers: 15.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| mBank SA (MBK) | zł21.41 Billion | -23.38% | 12.09x | $3.33 Billion |
| Bank Handlowy w Warszawie SA (BHW) | $6.44 Billion | 11.43% | 5.56x | $888.22 Million |
| BNP Paribas Bank Polska S.A. (BNP) | $2.39 Billion | 4.22% | 9.24x | $961.22 Million |
| Bank Ochrony Środowiska SA (BOS) | $1.78 Billion | -3.38% | 10.69x | $82.29 Million |
| Getin Holding SA (GTN) | $176.11 Million | 73.29% | 3.26x | $14.47 Million |
| ING Bank Śląski SA (ING) | $18.62 Billion | 7.18% | 9.02x | $3.11 Billion |
| Bank Millennium S.A. (MIL) | $5.77 Billion | 11.29% | 9.54x | $2.31 Billion |
| UniCredit S.p.A. (UCG) | $56.77 Billion | 6.86% | 13.65x | $99.58 Billion |