PGF Polska Grupa Fotowoltaiczna SA (PGV) - Net Assets

Latest as of September 2025: zł135.80 Million PLN ≈ $37.37 Million USD

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 PGV financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of PGF Polska Grupa Fotowoltaiczna SA for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is PGF Polska Grupa Fotowoltaiczna SA worth.

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
Sejin T.S Co.Ltd KQ:067770	$12.49 Million
Ironman International Ltd. V:IMI	$12.49 Million
Lion Metal Works Tbk JK:LION	$12.50 Million
Energous Corporation NASDAQ:WATT	$12.50 Million
Cerberus Cyber Sentinel Corp NASDAQ:CISO	$12.48 Million
Property Perfect Public Company Limited BK:PF	$12.48 Million
See Hup Consolidated Bhd KLSE:7053	$12.47 Million
MDI Energia S.A. WAR:MDI	$12.46 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: 0.68x
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 0.11x to 0.68x 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	zł0.45	x
2009-12-31	zł4.15	zł0.45	x
2010-12-31	zł0.67	zł0.45	x
2011-12-31	zł1.10	zł0.45	x
2012-12-31	zł1.81	zł0.45	x
2013-12-31	zł4.03	zł0.45	x
2014-12-31	zł3.46	zł0.45	x
2015-12-31	zł2.42	zł0.45	x
2016-12-31	zł0.94	zł0.45	x
2017-12-31	zł0.78	zł0.45	x
2018-12-31	zł0.23	zł0.45	x
2019-12-31	zł3.23	zł0.45	x
2020-12-31	zł1.92	zł0.45	x
2021-12-31	zł2.57	zł0.45	x
2022-12-31	zł1.15	zł0.45	x
2023-12-31	zł0.75	zł0.45	x
2024-12-31	zł0.66	zł0.45	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: $314,740,384
Average return on equity (ROE) among peers: 9.48%

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	$12.49 Million
FASING SA (FSG)	$194.50 Million	7.21%	0.71x	$12.06 Million
MFO SA (MFO)	$308.18 Million	2.33%	0.72x	$60.56 Million
Mangata Holding S.A. (MGT)	$409.39 Million	10.97%	0.52x	$122.75 Million
Mennica Polska S.A. (MNC)	$637.69 Million	5.40%	0.52x	$641.42 Million
Odlewnie Polskie SA (ODL)	$23.96 Million	21.50%	2.08x	$104.05 Million

About PGF Polska Grupa Fotowoltaiczna SA

WAR:PGV Poland Metal Fabrication

Market Cap

$12.49 Million

zł45.38 Million PLN

Market Cap Rank

#26313 Global

#278 in Poland

Share Price

zł0.45

Change (1 day)

-1.20%

52-Week Range

zł0.35 - zł0.71

All Time High

zł4.48