Passus S.A.
Passus S.A. engages in the design and implementation of IT solutions for monitoring and improving network and application performance, and IT security in Poland. It operates through IT Integration, Own Products, AWS Services, and Holding segments. The company offers NDR (Network Detection and Response) class systems, IPS/UTM/FW systems, network traffic anomaly detection, and traffic decryption so… Read more
Passus S.A. (PAS) - Net Assets
Latest net assets as of September 2025: zł21.75 Million PLN
Based on the latest financial reports, Passus S.A. (PAS) has net assets worth zł21.75 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł51.34 Million) and total liabilities (zł29.59 Million). 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 | zł21.75 Million |
| % of Total Assets | 42.37% |
| Annual Growth Rate | 28.24% |
| 5-Year Change | 190.52% |
| 10-Year Change | N/A |
| Growth Volatility | 146.22 |
Passus S.A. - Net Assets Trend (2016–2024)
This chart illustrates how Passus S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Passus S.A. (2016–2024)
The table below shows the annual net assets of Passus S.A. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł29.93 Million | +34.38% |
| 2023-12-31 | zł22.27 Million | +12.48% |
| 2022-12-31 | zł19.80 Million | +16.11% |
| 2021-12-31 | zł17.05 Million | +65.54% |
| 2020-12-31 | zł10.30 Million | -73.10% |
| 2019-12-31 | zł38.30 Million | +440.50% |
| 2018-12-31 | zł7.09 Million | -5.16% |
| 2017-12-31 | zł7.47 Million | +82.61% |
| 2016-12-31 | zł4.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Passus 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 18600.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł23.14 Million | 83.29% |
| Common Stock | zł205.00K | 0.74% |
| Other Components | zł4.44 Million | 15.97% |
| Total Equity | zł27.78 Million | 100.00% |
Passus S.A. Competitors by Market Cap
The table below lists competitors of Passus S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MeVis Medical Solutions AG
XETRA:M3V
|
$12.89 Million |
|
Centrale d'Achat Francaise pour l' Outre Mer
LSE:0HRB
|
$12.89 Million |
|
Moksh Ornaments Limited
NSE:MOKSH
|
$12.89 Million |
|
Firetrade Engineering PCL
BK:FTE
|
$12.90 Million |
|
Dacome International Ltd
TWO:9960
|
$12.89 Million |
|
Morixe Hermanos SACI
BA:MORI
|
$12.89 Million |
|
DELTA RES LTD
F:6GO1
|
$12.88 Million |
|
KDA Group Inc
V:KDA
|
$12.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Passus S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,951,000 to 27,784,000, a change of 7,833,000 (39.3%).
- Net income of 5,137,000 contributed positively to equity growth.
- Dividend payments of 5,994,000 reduced retained earnings.
- Other factors increased equity by 8,690,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł5.14 Million | +18.49% |
| Dividends Paid | zł5.99 Million | -21.57% |
| Other Changes | zł8.69 Million | +31.28% |
| Total Change | zł- | 39.26% |
Book Value vs Market Value Analysis
This analysis compares Passus 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: 9.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 33.72x to 9.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | zł3.90 | zł131.50 | x |
| 2018-12-31 | zł3.86 | zł131.50 | x |
| 2019-12-31 | zł4.22 | zł131.50 | x |
| 2020-12-31 | zł5.20 | zł131.50 | x |
| 2021-12-31 | zł8.32 | zł131.50 | x |
| 2022-12-31 | zł8.93 | zł131.50 | x |
| 2023-12-31 | zł9.72 | zł131.50 | x |
| 2024-12-31 | zł13.53 | zł131.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Passus 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): 18.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.78%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 2.48x
- Recent ROE (18.49%) is above the historical average (16.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.02% | 0.72% | 2.40x | 1.74x | zł-285.41K |
| 2017 | 27.85% | 7.73% | 1.72x | 2.09x | zł1.33 Million |
| 2018 | 3.54% | 1.07% | 1.47x | 2.26x | zł-477.55K |
| 2019 | 9.72% | 2.03% | 1.01x | 4.74x | zł-22.73K |
| 2020 | 19.79% | 4.59% | 1.45x | 2.97x | zł975.70K |
| 2021 | 37.51% | 9.49% | 1.19x | 3.32x | zł4.39 Million |
| 2022 | 23.59% | 5.65% | 1.05x | 3.99x | zł2.49 Million |
| 2023 | 8.13% | 1.87% | 1.22x | 3.56x | zł-373.10K |
| 2024 | 18.49% | 4.78% | 1.56x | 2.48x | zł2.36 Million |
Industry Comparison
This section compares Passus S.A.'s net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $161,440,834
- Average return on equity (ROE) among peers: 10.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Passus S.A. (PAS) | zł21.75 Million | 3.02% | 1.36x | $12.89 Million |
| Ailleron S.A. (ALL) | $86.95 Million | 0.57% | 0.55x | $26.65 Million |
| Atende S.A. (ATD) | $74.74 Million | 14.17% | 1.36x | $14.79 Million |
| Betacom S.A. (BCM) | $20.14 Million | 7.54% | 1.45x | $2.59 Million |
| Cyber_Folks S.A. (CBF) | $546.83 Million | 21.36% | 0.72x | $342.24 Million |
| Comp SA (CMP) | $503.30 Million | 11.29% | 0.86x | $237.24 Million |
| Comarch SA (CMR) | $119.16 Million | 3.70% | 0.81x | $7.23 Million |
| IFirma SA (IFI) | $5.16 Million | 5.85% | 0.28x | $23.60 Million |
| OpTeam S.A. (OPM) | $30.94 Million | 6.20% | 0.92x | $1.23 Million |
| Sygnity SA (SGN) | $65.76 Million | 24.23% | 3.15x | $42.72 Million |