PGF Polska Grupa Fotowoltaiczna SA

WAR:PGV Poland Metal Fabrication
Market Cap
$12.47 Million
zł51.86 Million PLN
Market Cap Rank
#29366 Global
#222 in Poland
Share Price
zł0.52
Change (1 day)
-0.39%
52-Week Range
zł0.33 - zł0.80
All Time High
zł4.48
Categories
Companies in Poland Metal Fabrication
About

PGF Polska Grupa Fotowoltaiczna SA, an investment company, operates in the renewable energy sector primarily focusing on the photovoltaic market in Poland. The company was formerly known as Zastal S.A. and changed its name to PGF Polska Grupa Fotowoltaiczna SA in January 2021. The company is based in Warsaw, Poland.

PGF Polska Grupa Fotowoltaiczna SA (PGV) - Net Assets

Latest net assets as of September 2025: zł135.80 Million PLN

Based on the latest financial reports, PGF Polska Grupa Fotowoltaiczna SA (PGV) has net assets worth zł135.80 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 (zł165.31 Million) and total liabilities (zł29.52 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 zł135.80 Million
% of Total Assets 82.14%
Annual Growth Rate 1.13%
5-Year Change -38.55%
10-Year Change 27.73%
Growth Volatility 362.95

PGF Polska Grupa Fotowoltaiczna SA - Net Assets Trend (2008–2024)

This chart illustrates how PGF Polska Grupa Fotowoltaiczna 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 PGF Polska Grupa Fotowoltaiczna SA (2008–2024)

The table below shows the annual net assets of PGF Polska Grupa Fotowoltaiczna SA from 2008 to 2024.

Year Net Assets Change
2024-12-31 zł96.71 Million -32.24%
2023-12-31 zł142.72 Million +10.69%
2022-12-31 zł128.93 Million -50.08%
2021-12-31 zł258.26 Million +64.09%
2020-12-31 zł157.39 Million -51.47%
2019-12-31 zł324.34 Million +1480.55%
2018-12-31 zł20.52 Million -26.14%
2017-12-31 zł27.79 Million -16.54%
2016-12-31 zł33.29 Million -56.03%
2015-12-31 zł75.72 Million -34.73%
2014-12-31 zł116.02 Million -5.60%
2013-12-31 zł122.90 Million +122.83%
2012-12-31 zł55.15 Million +64.20%
2011-12-31 zł33.59 Million +145.48%
2010-12-31 zł13.68 Million -83.90%
2009-12-31 zł84.97 Million +5.11%
2008-12-31 zł80.84 Million --

Equity Component Analysis

This analysis shows how different components contribute to PGF Polska Grupa Fotowoltaiczna 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 decreased by 458.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock zł100.50 Million 151.07%
Other Components zł18.19 Million 27.34%
Total Equity zł66.53 Million 100.00%

PGF Polska Grupa Fotowoltaiczna SA Competitors by Market Cap

The table below lists competitors of PGF Polska Grupa Fotowoltaiczna SA ranked by their market capitalization.

Company Market Cap
Thunder Gold Corp.
PINK:TGOLF
 		$8.27 Million
Flexion Mobile PLC
ST:FLEXM
 		$8.27 Million
Brand Concepts Limited
NSE:BCONCEPTS
 		$8.27 Million
LEXIBOOK LING. 050
F:LXB
 		$8.27 Million
Aquarius Engines (A.M) Ltd
PINK:AQUEF
 		$8.27 Million
Century City International Holdings Limited
F:CQA2
 		$8.27 Million
Urbanfund Corp
V:UFC
 		$8.26 Million
RRUUF
OTCQB:RRUUF
 		$8.26 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in PGF Polska Grupa Fotowoltaiczna SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 75,296,000 to 66,525,999, a change of -8,770,001 (-11.6%).
  • Net loss of 22,236,000 reduced equity.
  • Other factors increased equity by 13,465,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income zł-22.24 Million -33.42%
Other Changes zł13.47 Million +20.24%
Total Change zł- -11.65%

Book Value vs Market Value Analysis

This analysis compares PGF Polska Grupa Fotowoltaiczna 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: 0.78x
  • 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 increased from 0.13x to 0.78x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 zł3.94 zł0.52 x
2009-12-31 zł4.15 zł0.52 x
2010-12-31 zł0.67 zł0.52 x
2011-12-31 zł1.10 zł0.52 x
2012-12-31 zł1.81 zł0.52 x
2013-12-31 zł4.03 zł0.52 x
2014-12-31 zł3.46 zł0.52 x
2015-12-31 zł2.42 zł0.52 x
2016-12-31 zł0.94 zł0.52 x
2017-12-31 zł0.78 zł0.52 x
2018-12-31 zł0.23 zł0.52 x
2019-12-31 zł3.23 zł0.52 x
2020-12-31 zł1.92 zł0.52 x
2021-12-31 zł2.57 zł0.52 x
2022-12-31 zł1.15 zł0.52 x
2023-12-31 zł0.75 zł0.52 x
2024-12-31 zł0.66 zł0.52 x

Capital Efficiency Dashboard

This dashboard shows how efficiently PGF Polska Grupa Fotowoltaiczna 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): -33.42%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -36.32%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 1.88x
  • Recent ROE (-33.42%) is below the historical average (-29.68%), 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 4.99% 18.79% 0.23x 1.16x zł-4.05 Million
2009 -1.39% -6.61% 0.17x 1.22x zł-9.68 Million
2010 -77.05% -55.59% 0.90x 1.53x zł-11.91 Million
2011 14.79% 62.00% 0.19x 1.23x zł1.61 Million
2012 27.60% 153.20% 0.16x 1.10x zł9.70 Million
2013 7.67% 43.56% 0.15x 1.19x zł-2.86 Million
2014 -5.89% -25.85% 0.19x 1.19x zł-18.43 Million
2015 -57.27% -119.51% 0.17x 2.74x zł-49.61 Million
2016 -134.85% -82.68% 0.30x 5.48x zł-45.49 Million
2017 -20.64% -9.24% 0.33x 6.80x zł-7.98 Million
2018 -25.18% -15.63% 0.52x 3.10x zł-6.74 Million
2019 39.66% 0.00% 0.00x 1.23x zł96.21 Million
2020 -106.08% 0.00% -0.01x 1.23x zł-182.69 Million
2021 34.29% 0.00% -0.01x 1.20x zł62.72 Million
2022 -161.21% -158.27% 0.60x 1.70x zł-197.08 Million
2023 -10.63% -0.95% 4.33x 2.58x zł-15.53 Million
2024 -33.42% -36.32% 0.49x 1.88x zł-28.89 Million

Industry Comparison

This section compares PGF Polska Grupa Fotowoltaiczna SA's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

  • Industry: Metal Fabrication
  • Average net assets among peers: $144,148,140
  • Average return on equity (ROE) among peers: 8.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
PGF Polska Grupa Fotowoltaiczna SA (PGV) zł135.80 Million 4.99% 0.22x $8.27 Million
FASING SA (FSG) $144.12 Million 2.43% 0.83x $4.59 Million
MFO SA (MFO) $44.17 Million 13.47% 0.73x $19.39 Million
Mangata Holding S.A. (MGT) $129.53 Million 17.50% 0.75x $36.24 Million
Mennica Polska S.A. (MNC) $468.23 Million 10.03% 0.80x $243.46 Million
Odlewnie Polskie SA (ODL) $-65.32 Million 0.00% 0.00x $29.73 Million