Passus S.A. Net Assets
Passus S.A. net assets. Based on the latest financial reports, Passus S.A. (PAS) has net assets worth zł21.75 Million PLN (≈ $5.99 Million USD) 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 ≈ $14.13 Million USD) and total liabilities (zł29.59 Million ≈ $8.14 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. Also explore net asset growth rate of Passus S.A. to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Passus S.A. (2016–2024)
Net assets of Passus S.A. from 2016 to 2024. This chart illustrates how Passus S.A.'s net assets have evolved over time, based on quarterly financial data. See Passus S.A. (PAS) net asset quality to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Passus S.A. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł29.93 Million ≈ $8.24 Million |
+34.38% |
| 2023-12-31 | zł22.27 Million ≈ $6.13 Million |
+12.48% |
| 2022-12-31 | zł19.80 Million ≈ $5.45 Million |
+16.11% |
| 2021-12-31 | zł17.05 Million ≈ $4.69 Million |
+65.54% |
| 2020-12-31 | zł10.30 Million ≈ $2.84 Million |
-73.10% |
| 2019-12-31 | zł38.30 Million ≈ $10.54 Million |
+440.50% |
| 2018-12-31 | zł7.09 Million ≈ $1.95 Million |
-5.16% |
| 2017-12-31 | zł7.47 Million ≈ $2.06 Million |
+82.61% |
| 2016-12-31 | zł4.09 Million ≈ $1.13 Million |
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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.
Passus S.A. Net Assets Breakdown (December 2024)
Passus S.A. net assets breakdown by equity component as of 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 |
|---|---|
|
Berenson Acquisition Corp I
NYSE MKT:BACA
|
$84.51 Million |
|
Barbeque Nation Hospitality Limited
NSE:BARBEQUE
|
$84.54 Million |
|
UJU Electronics Co. Ltd
KQ:065680
|
$84.60 Million |
|
Renascor Resources Ltd
AU:RNU
|
$84.60 Million |
|
Centrica PLC
LSE:CNA
|
$84.45 Million |
|
MaxCyte Inc
NASDAQ:MXCT
|
$84.42 Million |
|
Dwarikesh Sugar Industries Limited
NSE:DWARKESH
|
$84.41 Million |
|
Peace Acquisition Corp Ordinary Shares
NASDAQ:PECE
|
$84.38 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: 12.01x
- 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 41.70x to 12.01x 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 | zł162.60 | x |
| 2018-12-31 | zł3.86 | zł162.60 | x |
| 2019-12-31 | zł4.22 | zł162.60 | x |
| 2020-12-31 | zł5.20 | zł162.60 | x |
| 2021-12-31 | zł8.32 | zł162.60 | x |
| 2022-12-31 | zł8.93 | zł162.60 | x |
| 2023-12-31 | zł9.72 | zł162.60 | x |
| 2024-12-31 | zł13.53 | zł162.60 | 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: $108,512,705
- Average return on equity (ROE) among peers: 26.57%
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 | $84.46 Million |
| Ailleron S.A. (ALL) | $3.88 Million | 37.75% | 0.78x | $54.88 Million |
| Atende S.A. (ATD) | $65.34 Million | -4.12% | 2.85x | $44.01 Million |
| Betacom S.A. (BCM) | $16.71 Million | -16.57% | 1.21x | $5.56 Million |
| Comp SA (CMP) | $539.85 Million | 2.11% | 0.93x | $534.25 Million |
| IFirma SA (IFI) | $16.82 Million | 77.38% | 0.65x | $33.82 Million |
| OpTeam S.A. (OPM) | $152.11 Million | 155.38% | 0.14x | $12.13 Million |
| Sygnity SA (SGN) | $33.09 Million | -33.99% | 9.30x | $585.89 Million |
| Talex S.A. (TLX) | $40.29 Million | -5.34% | 0.64x | $14.20 Million |
About 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