PKP Cargo S.A. (PKP) - Net Assets

Latest as of December 2025: zł776.50 Million PLN ≈ $213.70 Million USD

Based on the latest financial reports, PKP Cargo S.A. (PKP) has net assets worth zł776.50 Million PLN (≈ $213.70 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł6.25 Billion ≈ $1.72 Billion USD) and total liabilities (zł5.48 Billion ≈ $1.51 Billion 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 balance sheet size of PKP Cargo S.A. for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł776.50 Million
% of Total Assets	12.42%
Annual Growth Rate	-6.42%
5-Year Change	-74.46%
10-Year Change	-76.06%
Growth Volatility	20.5

PKP Cargo S.A. - Net Assets Trend (2009–2025)

This chart illustrates how PKP Cargo S.A.'s net assets have evolved over time, based on quarterly financial data. Check PKP Cargo S.A. (PKP) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for PKP Cargo S.A. (2009–2025)

The table below shows the annual net assets of PKP Cargo S.A. from 2009 to 2025. For live valuation and market cap data, see PKP market cap.

Year	Net Assets	Change
2025-12-31	zł776.50 Million ≈ $213.70 Million	+4.06%
2024-12-31	zł746.20 Million ≈ $205.36 Million	-76.70%
2023-12-31	zł3.20 Billion ≈ $881.37 Million	-0.94%
2022-12-31	zł3.23 Billion ≈ $889.74 Million	+6.32%
2021-12-31	zł3.04 Billion ≈ $836.82 Million	-3.28%
2020-12-31	zł3.14 Billion ≈ $865.22 Million	-8.16%
2019-12-31	zł3.42 Billion ≈ $942.14 Million	-1.73%
2018-12-31	zł3.48 Billion ≈ $958.71 Million	+4.46%
2017-12-31	zł3.33 Billion ≈ $917.78 Million	+2.83%
2016-12-31	zł3.24 Billion ≈ $892.48 Million	-3.31%
2015-12-31	zł3.35 Billion ≈ $923.03 Million	-1.19%
2014-12-31	zł3.39 Billion ≈ $934.13 Million	-3.27%
2013-12-31	zł3.51 Billion ≈ $965.70 Million	+9.15%
2012-12-31	zł3.21 Billion ≈ $884.72 Million	+7.50%
2011-12-31	zł2.99 Billion ≈ $823.02 Million	+22.53%
2010-12-31	zł2.44 Billion ≈ $671.70 Million	+8.64%
2009-12-31	zł2.25 Billion ≈ $618.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to PKP Cargo 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 66332200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł153.00 Million	19.70%
Other Components	zł623.50 Million	80.30%
Total Equity	zł776.50 Million	100.00%

PKP Cargo S.A. Competitors by Market Cap

The table below lists competitors of PKP Cargo S.A. ranked by their market capitalization.

Company	Market Cap
RiverNorth Managed Duration Municipal Income Fund II Inc. NYSE:RMMZ	$125.73 Million
Zhejiang Zone King Environmental Sci&Tech Co Ltd SHG:688701	$125.75 Million
Heritage Distilling Holding Company, Inc. Common Stock NASDAQ:CASK	$125.83 Million
San Juan Basin Royalty Trust NYSE:SJT	$125.84 Million
Protech Mitra Perkasa Tbk PT JK:OASA	$125.71 Million
Innoviz Technologies NASDAQ:INVZ	$125.71 Million
BARKBY GRP PLC LS 000860 F:3WY	$125.67 Million
Resources Connection Inc F:RCO	$125.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in PKP Cargo S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 746,200,000 to 776,500,000, a change of 30,300,000 (4.1%).
Net income of 39,400,000 contributed positively to equity growth.
Other comprehensive income increased equity by 45,200,000.
Other factors decreased equity by 54,300,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł39.40 Million	+5.07%
Other Comprehensive Income	zł45.20 Million	+5.82%
Other Changes	zł-54.30 Million	-6.99%
Total Change	zł-	4.06%

Book Value vs Market Value Analysis

This analysis compares PKP Cargo 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: 0.59x
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 0.18x to 0.59x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-12-31	zł56.32	zł10.20	x
2011-12-31	zł67.26	zł10.20	x
2012-12-31	zł72.51	zł10.20	x
2013-12-31	zł78.65	zł10.20	x
2014-12-31	zł74.36	zł10.20	x
2015-12-31	zł74.88	zł10.20	x
2016-12-31	zł72.41	zł10.20	x
2017-12-31	zł74.46	zł10.20	x
2018-12-31	zł77.78	zł10.20	x
2019-12-31	zł76.44	zł10.20	x
2020-12-31	zł70.19	zł10.20	x
2021-12-31	zł67.89	zł10.20	x
2022-12-31	zł72.18	zł10.20	x
2023-12-31	zł71.51	zł10.20	x
2024-12-31	zł16.66	zł10.20	x
2025-12-31	zł17.34	zł10.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PKP Cargo 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): 5.07%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.04%
• Asset Turnover: 0.61x
• Equity Multiplier: 8.05x
Recent ROE (5.07%) is above the historical average (-18.26%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	1.29%	0.67%	1.05x	1.84x	zł-212.48 Million
2011	14.11%	7.44%	1.03x	1.84x	zł119.82 Million
2012	8.52%	5.19%	0.92x	1.79x	zł-46.58 Million
2013	2.15%	1.57%	0.82x	1.67x	zł-270.61 Million
2014	1.77%	1.40%	0.75x	1.69x	zł-274.08 Million
2015	0.94%	0.72%	0.71x	1.82x	zł-303.83 Million
2016	-4.13%	-3.06%	0.67x	2.00x	zł-458.06 Million
2017	2.45%	1.76%	0.70x	1.99x	zł-251.80 Million
2018	5.28%	3.63%	0.74x	1.95x	zł-164.45 Million
2019	1.05%	0.77%	0.58x	2.33x	zł-306.33 Million
2020	-7.13%	-5.50%	0.54x	2.40x	zł-538.68 Million
2021	-7.41%	-5.28%	0.56x	2.50x	zł-529.36 Million
2022	4.58%	2.75%	0.70x	2.37x	zł-175.29 Million
2023	2.56%	1.49%	0.66x	2.60x	zł-238.15 Million
2024	-323.32%	-54.09%	0.69x	8.63x	zł-2.49 Billion
2025	5.07%	1.04%	0.61x	8.05x	zł-38.25 Million

Industry Comparison

This section compares PKP Cargo S.A.'s net assets metrics with peer companies in the Railroads industry.

Industry Context

Industry: Railroads
Average net assets among peers: $405,585,000
Average return on equity (ROE) among peers: 2.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PKP Cargo S.A. (PKP)	zł776.50 Million	1.29%	7.05x	$125.73 Million
Newag S.A. (NWG)	$405.58 Million	2.76%	1.14x	$1.08 Billion

About PKP Cargo S.A.

WAR:PKP Poland Railroads

Market Cap

$125.73 Million

zł456.83 Million PLN

Market Cap Rank

#18282 Global

#132 in Poland

Share Price

zł10.20

Change (1 day)

-1.16%

52-Week Range

zł10.20 - zł17.43

All Time High

zł68.44