PGF Polska Grupa Fotowoltaiczna SA (PGV) - Net Assets
Based on the latest financial reports, PGF Polska Grupa Fotowoltaiczna SA (PGV) has net assets worth zł135.80 Million PLN (≈ $37.37 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 (zł165.31 Million ≈ $45.50 Million USD) and total liabilities (zł29.52 Million ≈ $8.12 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 strategic asset allocation of PGF Polska Grupa Fotowoltaiczna SA to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see PGF Polska Grupa Fotowoltaiczna SA (PGV) total market value.
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. Also explore net asset growth rate of PGF Polska Grupa Fotowoltaiczna SA to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł96.71 Million ≈ $26.62 Million |
-32.24% |
| 2023-12-31 | zł142.72 Million ≈ $39.28 Million |
+10.69% |
| 2022-12-31 | zł128.93 Million ≈ $35.48 Million |
-50.08% |
| 2021-12-31 | zł258.26 Million ≈ $71.08 Million |
+64.09% |
| 2020-12-31 | zł157.39 Million ≈ $43.32 Million |
-51.47% |
| 2019-12-31 | zł324.34 Million ≈ $89.26 Million |
+1480.55% |
| 2018-12-31 | zł20.52 Million ≈ $5.65 Million |
-26.14% |
| 2017-12-31 | zł27.79 Million ≈ $7.65 Million |
-16.54% |
| 2016-12-31 | zł33.29 Million ≈ $9.16 Million |
-56.03% |
| 2015-12-31 | zł75.72 Million ≈ $20.84 Million |
-34.73% |
| 2014-12-31 | zł116.02 Million ≈ $31.93 Million |
-5.60% |
| 2013-12-31 | zł122.90 Million ≈ $33.82 Million |
+122.83% |
| 2012-12-31 | zł55.15 Million ≈ $15.18 Million |
+64.20% |
| 2011-12-31 | zł33.59 Million ≈ $9.24 Million |
+145.48% |
| 2010-12-31 | zł13.68 Million ≈ $3.77 Million |
-83.90% |
| 2009-12-31 | zł84.97 Million ≈ $23.39 Million |
+5.11% |
| 2008-12-31 | zł80.84 Million ≈ $22.25 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 |
|---|---|
|
Ant Precision Industry Co Ltd
TWO:3646
|
$30.70 Million |
|
Qingdao Hengshun Zhongsheng
SHE:300208
|
$30.71 Million |
|
Valor Energy Inc.
NASDAQ:VAI
|
$30.72 Million |
|
Katana Capital Ltd
AU:KAT
|
$30.72 Million |
|
Petrolia SE
F:0PE
|
$30.70 Million |
|
Eldav-L
TA:ELDAV
|
$30.70 Million |
|
JMT Co.Ltd
KQ:094970
|
$30.69 Million |
|
Paratech Company Limited
KQ:033540
|
$30.68 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: 1.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.28x to 1.68x 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 | zł1.11 | x |
| 2009-12-31 | zł4.15 | zł1.11 | x |
| 2010-12-31 | zł0.67 | zł1.11 | x |
| 2011-12-31 | zł1.10 | zł1.11 | x |
| 2012-12-31 | zł1.81 | zł1.11 | x |
| 2013-12-31 | zł4.03 | zł1.11 | x |
| 2014-12-31 | zł3.46 | zł1.11 | x |
| 2015-12-31 | zł2.42 | zł1.11 | x |
| 2016-12-31 | zł0.94 | zł1.11 | x |
| 2017-12-31 | zł0.78 | zł1.11 | x |
| 2018-12-31 | zł0.23 | zł1.11 | x |
| 2019-12-31 | zł3.23 | zł1.11 | x |
| 2020-12-31 | zł1.92 | zł1.11 | x |
| 2021-12-31 | zł2.57 | zł1.11 | x |
| 2022-12-31 | zł1.15 | zł1.11 | x |
| 2023-12-31 | zł0.75 | zł1.11 | x |
| 2024-12-31 | zł0.66 | zł1.11 | 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: $176,741,620
- Average return on equity (ROE) among peers: 9.76%
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 | $30.70 Million |
| FASING SA (FSG) | $144.12 Million | 2.43% | 0.83x | $12.31 Million |
| MFO SA (MFO) | $26.59 Million | 20.84% | 1.76x | $53.28 Million |
| Mangata Holding S.A. (MGT) | $189.09 Million | 15.67% | 0.58x | $111.31 Million |
| Mennica Polska S.A. (MNC) | $587.48 Million | 9.84% | 0.50x | $519.31 Million |
| Odlewnie Polskie SA (ODL) | $-63.57 Million | 0.00% | 0.00x | $112.90 Million |
About PGF Polska Grupa Fotowoltaiczna SA
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.