Muza S.A (MZA) - Net Assets

Latest as of March 2026: zł47.64 Million PLN ≈ $13.11 Million USD

Based on the latest financial reports, Muza S.A (MZA) has net assets worth zł47.64 Million PLN (≈ $13.11 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 (zł66.44 Million ≈ $18.28 Million USD) and total liabilities (zł18.80 Million ≈ $5.17 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 Muza S.A strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł47.64 Million
% of Total Assets	71.71%
Annual Growth Rate	3.62%
5-Year Change	82.5%
10-Year Change	99.27%
Growth Volatility	12.25

Muza S.A - Net Assets Trend (2008–2025)

This chart illustrates how Muza S.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Muza S.A market capitalisation.

Annual Net Assets for Muza S.A (2008–2025)

The table below shows the annual net assets of Muza S.A from 2008 to 2025. Also explore Muza S.A annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł47.12 Million ≈ $12.97 Million	+5.55%
2024-12-31	zł44.64 Million ≈ $12.29 Million	+10.43%
2023-12-31	zł40.42 Million ≈ $11.13 Million	+34.01%
2022-12-31	zł30.16 Million ≈ $8.30 Million	+16.84%
2021-12-31	zł25.82 Million ≈ $7.11 Million	+10.89%
2020-12-31	zł23.28 Million ≈ $6.41 Million	+1.42%
2019-12-31	zł22.95 Million ≈ $6.32 Million	-0.15%
2018-12-31	zł22.99 Million ≈ $6.33 Million	-2.99%
2017-12-31	zł23.70 Million ≈ $6.52 Million	+0.23%
2016-12-31	zł23.64 Million ≈ $6.51 Million	+3.85%
2015-12-31	zł22.77 Million ≈ $6.27 Million	+1.10%
2014-12-31	zł22.52 Million ≈ $6.20 Million	-19.96%
2013-12-31	zł28.14 Million ≈ $7.74 Million	+16.60%
2012-12-31	zł24.13 Million ≈ $6.64 Million	-3.17%
2011-12-31	zł24.92 Million ≈ $6.86 Million	-14.55%
2010-12-31	zł29.16 Million ≈ $8.03 Million	-2.09%
2009-12-31	zł29.78 Million ≈ $8.20 Million	+15.67%
2008-12-31	zł25.75 Million ≈ $7.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Muza S.A'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 2424500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł23.76 Million	51.02%
Common Stock	zł6.66 Million	14.30%
Other Comprehensive Income	zł10.16 Million	21.81%
Other Components	zł5.99 Million	12.86%
Total Equity	zł46.57 Million	100.00%

Muza S.A Competitors by Market Cap

The table below lists competitors of Muza S.A ranked by their market capitalization.

Company	Market Cap
Stroud Resources Ltd V:SDR	$7.36 Million
Canadian Premium Sand Inc V:CPS	$7.37 Million
Dynasty Gold Corp V:DYG	$7.37 Million
Ynvisible Interactive Inc V:YNV	$7.38 Million
Identi Healthcare Ltd TA:IDNT	$7.36 Million
KIBO ENERGY PLC EO -001 F:1I8	$7.36 Million
Jinzhou Port Co Ltd B SHG:900952	$7.35 Million
Hudson Investment Group Ltd AU:HGL	$7.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Muza S.A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 44,101,000 to 46,573,000, a change of 2,472,000 (5.6%).
Net income of 2,628,000 contributed positively to equity growth.
Share repurchases of 158,000 reduced equity.
Other comprehensive income increased equity by 424,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł2.63 Million	+5.64%
Share Repurchases	zł158.00K	-0.34%
Other Comprehensive Income	zł424.00K	+0.91%
Other Changes	zł-422.00K	-0.91%
Total Change	zł-	5.61%

Book Value vs Market Value Analysis

This analysis compares Muza S.A'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: 0.58x
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 1.05x to 0.58x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	zł7.86	zł8.25	x
2009-12-31	zł9.22	zł8.25	x
2010-12-31	zł8.99	zł8.25	x
2011-12-31	zł8.73	zł8.25	x
2012-12-31	zł8.47	zł8.25	x
2013-12-31	zł9.88	zł8.25	x
2014-12-31	zł7.92	zł8.25	x
2015-12-31	zł8.04	zł8.25	x
2016-12-31	zł8.52	zł8.25	x
2017-12-31	zł8.53	zł8.25	x
2018-12-31	zł7.55	zł8.25	x
2019-12-31	zł7.51	zł8.25	x
2020-12-31	zł7.64	zł8.25	x
2021-12-31	zł8.35	zł8.25	x
2022-12-31	zł8.59	zł8.25	x
2023-12-31	zł12.23	zł8.25	x
2024-12-31	zł13.49	zł8.25	x
2025-12-31	zł14.25	zł8.25	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Muza S.A 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): 5.64%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.19%
• Asset Turnover: 0.65x
• Equity Multiplier: 1.41x
Recent ROE (5.64%) is below the historical average (5.81%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	16.43%	7.87%	0.88x	2.37x	zł1.44 Million
2009	1.39%	0.86%	0.75x	2.15x	zł-2.26 Million
2010	3.94%	2.47%	0.75x	2.12x	zł-1.55 Million
2011	-1.54%	-1.35%	0.74x	1.53x	zł-2.87 Million
2012	-0.54%	-0.54%	0.64x	1.58x	zł-2.55 Million
2013	0.73%	0.73%	0.61x	1.65x	zł-2.61 Million
2014	5.26%	4.44%	0.66x	1.79x	zł-1.07 Million
2015	3.28%	2.49%	0.71x	1.84x	zł-1.54 Million
2016	4.73%	3.53%	0.74x	1.82x	zł-1.26 Million
2017	0.48%	0.38%	0.75x	1.68x	zł-2.28 Million
2018	-2.99%	-2.32%	0.75x	1.72x	zł-3.01 Million
2019	3.01%	2.61%	0.68x	1.71x	zł-1.61 Million
2020	1.72%	1.42%	0.67x	1.80x	zł-1.94 Million
2021	9.67%	6.95%	0.85x	1.64x	zł-84.50K
2022	11.00%	8.11%	0.81x	1.68x	zł299.40K
2023	32.61%	19.05%	1.03x	1.66x	zł9.04 Million
2024	9.84%	9.42%	0.72x	1.44x	zł-72.10K
2025	5.64%	6.19%	0.65x	1.41x	zł-2.03 Million

Industry Comparison

This section compares Muza S.A's net assets metrics with peer companies in the Publishing industry.

Industry Context

Industry: Publishing
Average net assets among peers: $390,160,422
Average return on equity (ROE) among peers: 21.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Muza S.A (MZA)	zł47.64 Million	16.43%	0.39x	$7.36 Million
Agora S.A. (AGO)	$1.12 Billion	-1.49%	0.40x	$131.40 Million
PMPG Polskie Media S.A. (PGM)	$34.88 Million	21.80%	0.54x	$5.26 Million
Wspierania Przedsiebiorczosci (PTW)	$18.28 Million	44.16%	0.99x	$61.91 Million

About Muza S.A

WAR:MZA Poland Publishing

Market Cap

$7.36 Million

zł26.75 Million PLN

Market Cap Rank

#27865 Global

#307 in Poland

Share Price

zł8.25

Change (1 day)

+0.00%

52-Week Range

zł7.52 - zł12.00

All Time High

zł18.16