Photon Energy N.V.
Photon Energy N.V., through its subsidiaries, builds and optimizes solar power plants and energy storage systems in the Czech Republic, Hungary, Poland, Australia, Romania, the Slovak Republic, Germany, New Zealand, and internationally. It operates through Engineering; Technology; Investments; Operations & Maintenance; New Energy; and Other segments. The company invests in and generates electrici… Read more
Photon Energy N.V. (PEN) - Net Assets
Latest net assets as of December 2025: zł52.37 Million PLN
Based on the latest financial reports, Photon Energy N.V. (PEN) has net assets worth zł52.37 Million PLN as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł270.93 Million) and total liabilities (zł218.56 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 | zł52.37 Million |
| % of Total Assets | 19.33% |
| Annual Growth Rate | 8.15% |
| 5-Year Change | 1.62% |
| 10-Year Change | 116.59% |
| Growth Volatility | 26.23 |
Photon Energy N.V. - Net Assets Trend (2011–2025)
This chart illustrates how Photon Energy N.V.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Photon Energy N.V. (2011–2025)
The table below shows the annual net assets of Photon Energy N.V. from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł52.37 Million | -12.81% |
| 2024-12-31 | zł60.06 Million | -13.58% |
| 2023-12-31 | zł69.50 Million | -1.38% |
| 2022-12-31 | zł70.47 Million | +36.74% |
| 2021-12-31 | zł51.54 Million | +28.60% |
| 2020-12-31 | zł40.08 Million | +5.90% |
| 2019-12-31 | zł37.84 Million | +27.08% |
| 2018-12-31 | zł29.78 Million | +14.61% |
| 2017-12-31 | zł25.98 Million | +7.45% |
| 2016-12-31 | zł24.18 Million | -15.28% |
| 2015-12-31 | zł28.54 Million | +1.26% |
| 2014-12-31 | zł28.18 Million | +5.49% |
| 2013-12-31 | zł26.72 Million | +84.55% |
| 2012-12-31 | zł14.48 Million | -17.24% |
| 2011-12-31 | zł17.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Photon Energy N.V.'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 decreased by 5038800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | zł108.54 Million | 205.70% |
| Total Equity | zł52.77 Million | 100.00% |
Photon Energy N.V. Competitors by Market Cap
The table below lists competitors of Photon Energy N.V. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xpedra Resources Limited
AU:XPD
|
$4.44 Million |
|
Sunlands Technology Group
NYSE:STG
|
$4.44 Million |
|
Orcay Ortakoy Cay Sanayi & Ticaret AS
IS:ORCAY
|
$4.44 Million |
|
Sphere 3D Corp
NASDAQ:ANY
|
$4.44 Million |
|
PP PRIME Public Company Limited
BK:PPPM
|
$4.44 Million |
|
Abits Group Inc.
NASDAQ:ABTS
|
$4.44 Million |
|
DUG Foodtech AB (publ)
ST:VUXEN
|
$4.44 Million |
|
Grey Cloak Tech Inc
OTCQB:HYEX
|
$4.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Photon Energy N.V.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 60,408,000 to 52,765,000, a change of -7,643,000 (-12.7%).
- Net loss of 17,401,000 reduced equity.
- Other factors increased equity by 9,758,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-17.40 Million | -32.98% |
| Other Changes | zł9.76 Million | +18.49% |
| Total Change | zł- | -12.65% |
Book Value vs Market Value Analysis
This analysis compares Photon Energy N.V.'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: 1.57x
- 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 2.61x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | zł0.53 | zł1.38 | x |
| 2012-12-31 | zł0.62 | zł1.38 | x |
| 2013-12-31 | zł0.44 | zł1.38 | x |
| 2014-12-31 | zł0.47 | zł1.38 | x |
| 2015-12-31 | zł0.47 | zł1.38 | x |
| 2016-12-31 | zł0.40 | zł1.38 | x |
| 2017-12-31 | zł0.43 | zł1.38 | x |
| 2018-12-31 | zł0.50 | zł1.38 | x |
| 2019-12-31 | zł0.63 | zł1.38 | x |
| 2020-12-31 | zł0.67 | zł1.38 | x |
| 2021-12-31 | zł0.86 | zł1.38 | x |
| 2022-12-31 | zł1.18 | zł1.38 | x |
| 2023-12-31 | zł1.17 | zł1.38 | x |
| 2024-12-31 | zł1.01 | zł1.38 | x |
| 2025-12-31 | zł0.88 | zł1.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Photon Energy N.V. 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): -32.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.30%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 5.13x
- Recent ROE (-32.98%) is below the historical average (-18.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -43.84% | -22.87% | 0.23x | 8.46x | zł-6.51 Million |
| 2012 | -75.23% | -66.79% | 0.14x | 8.02x | zł-12.23 Million |
| 2013 | -18.85% | -36.11% | 0.15x | 3.41x | zł-7.67 Million |
| 2014 | -17.98% | -42.87% | 0.13x | 3.34x | zł-7.85 Million |
| 2015 | -6.08% | -12.95% | 0.15x | 3.17x | zł-4.56 Million |
| 2016 | -11.00% | -20.32% | 0.15x | 3.60x | zł-5.08 Million |
| 2017 | -3.03% | -4.58% | 0.19x | 3.45x | zł-3.39 Million |
| 2018 | 1.78% | 2.62% | 0.19x | 3.57x | zł-2.45 Million |
| 2019 | -1.91% | -2.41% | 0.22x | 3.65x | zł-4.52 Million |
| 2020 | -21.63% | -30.76% | 0.18x | 3.95x | zł-12.71 Million |
| 2021 | -12.45% | -17.69% | 0.18x | 3.80x | zł-11.60 Million |
| 2022 | 8.93% | 6.63% | 0.37x | 3.59x | zł-758.20K |
| 2023 | -22.48% | -22.20% | 0.25x | 3.98x | zł-22.66 Million |
| 2024 | -21.71% | -14.59% | 0.33x | 4.52x | zł-19.16 Million |
| 2025 | -32.98% | -19.30% | 0.33x | 5.13x | zł-22.68 Million |
Industry Comparison
This section compares Photon Energy N.V.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $62,231,258
- Average return on equity (ROE) among peers: -5.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Photon Energy N.V. (PEN) | zł52.37 Million | -43.84% | 4.17x | $4.44 Million |
| Columbus (CLC) | $73.85 Million | -0.24% | 0.03x | $21.37 Million |
| ML System S.A. (MLS) | $146.20 Million | 1.19% | 1.67x | $13.35 Million |
| Starhedge SA (SHG) | $9.95 Million | -25.71% | 0.20x | $623.17K |
| SUNEX S.A. (SNX) | $18.92 Million | 0.77% | 0.76x | $5.54 Million |