Skarbiec Holding S.A. (SKH) - Net Assets

Latest as of September 2025: zł251.11 Million PLN ≈ $69.11 Million USD

Based on the latest financial reports, Skarbiec Holding S.A. (SKH) has net assets worth zł251.11 Million PLN (≈ $69.11 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 (zł992.03 Million ≈ $273.02 Million USD) and total liabilities (zł740.92 Million ≈ $203.91 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 financial resilience of Skarbiec Holding S.A. to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł251.11 Million
% of Total Assets	25.31%
Annual Growth Rate	10.87%
5-Year Change	27.02%
10-Year Change	171.08%
Growth Volatility	17.83

Skarbiec Holding S.A. - Net Assets Trend (2012–2024)

This chart illustrates how Skarbiec Holding S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore Skarbiec Holding S.A. assets under control for the complete picture of this company's asset base.

Annual Net Assets for Skarbiec Holding S.A. (2012–2024)

The table below shows the annual net assets of Skarbiec Holding S.A. from 2012 to 2024. For live valuation and market cap data, see Skarbiec Holding S.A. stock valuation.

Year	Net Assets	Change
2024-12-31	zł242.19 Million ≈ $66.65 Million	+34.15%
2023-12-31	zł180.54 Million ≈ $49.69 Million	+2.97%
2022-12-31	zł175.34 Million ≈ $48.26 Million	-12.39%
2021-12-31	zł200.14 Million ≈ $55.08 Million	+4.97%
2020-12-31	zł190.67 Million ≈ $52.47 Million	+47.14%
2019-12-31	zł129.58 Million ≈ $35.66 Million	+25.51%
2018-12-31	zł103.24 Million ≈ $28.41 Million	+0.81%
2017-12-31	zł102.41 Million ≈ $28.18 Million	+1.57%
2016-12-31	zł100.83 Million ≈ $27.75 Million	+12.86%
2015-12-31	zł89.34 Million ≈ $24.59 Million	-8.51%
2014-12-31	zł97.66 Million ≈ $26.88 Million	+4.11%
2013-12-31	zł93.81 Million ≈ $25.82 Million	+33.54%
2012-12-31	zł70.24 Million ≈ $19.33 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Skarbiec Holding 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 1393.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł166.09 Million	68.58%
Common Stock	zł5.45 Million	2.25%
Other Components	zł70.65 Million	29.17%
Total Equity	zł242.19 Million	100.00%

Skarbiec Holding S.A. Competitors by Market Cap

The table below lists competitors of Skarbiec Holding S.A. ranked by their market capitalization.

Company	Market Cap
Hankuk Steel Wire Co. Ltd KQ:025550	$69.62 Million
Austral Gold Ltd V:AGLD	$69.64 Million
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS IS:PKART	$69.65 Million
SBI Investment KOREA Co. Ltd KQ:019550	$69.67 Million
JC Chemical Co. Ltd KQ:137950	$69.55 Million
Surf Air Mobility Inc. NYSE:SRFM	$69.55 Million
Estrella Immunopharma Inc. NASDAQ:ESLA	$69.54 Million
Deniz Gayrimenkul Yatirim Ortakligi AS IS:DZGYO	$69.52 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 180,539,000 to 242,190,000, a change of 61,651,000 (34.1%).
Net income of 61,701,000 contributed positively to equity growth.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł61.70 Million	+25.48%
Other Changes	zł-50.00K	-0.02%
Total Change	zł-	34.15%

Book Value vs Market Value Analysis

This analysis compares Skarbiec Holding 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: 1.04x
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 14.71x to 1.04x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	zł2.52	zł37.10	x
2013-12-31	zł14.47	zł37.10	x
2014-12-31	zł14.78	zł37.10	x
2015-12-31	zł13.10	zł37.10	x
2016-12-31	zł14.78	zł37.10	x
2017-12-31	zł15.01	zł37.10	x
2018-12-31	zł15.14	zł37.10	x
2019-12-31	zł19.01	zł37.10	x
2020-12-31	zł27.97	zł37.10	x
2021-12-31	zł29.36	zł37.10	x
2022-12-31	zł25.72	zł37.10	x
2023-12-31	zł26.48	zł37.10	x
2024-12-31	zł35.52	zł37.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Skarbiec Holding 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): 25.48%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 55.21%
• Asset Turnover: 0.08x
• Equity Multiplier: 5.95x
Recent ROE (25.48%) is above the historical average (21.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	63.09%	17.41%	0.77x	4.71x	zł8.65 Million
2013	30.96%	28.54%	0.97x	1.12x	zł19.58 Million
2014	18.38%	18.73%	0.87x	1.12x	zł8.19 Million
2015	14.54%	17.23%	0.77x	1.10x	zł4.06 Million
2016	32.20%	29.72%	0.93x	1.16x	zł22.38 Million
2017	19.15%	19.32%	0.86x	1.15x	zł9.37 Million
2018	30.19%	27.61%	0.86x	1.28x	zł20.85 Million
2019	23.05%	28.92%	0.61x	1.30x	zł16.92 Million
2020	32.06%	36.86%	0.69x	1.26x	zł42.05 Million
2021	4.74%	10.00%	0.42x	1.14x	zł-10.54 Million
2022	-14.15%	-44.62%	0.29x	1.11x	zł-42.34 Million
2023	2.88%	7.38%	0.35x	1.12x	zł-12.85 Million
2024	25.48%	55.21%	0.08x	5.95x	zł37.48 Million

Industry Comparison

This section compares Skarbiec Holding S.A.'s net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $157,136,227
Average return on equity (ROE) among peers: -13.30%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Skarbiec Holding S.A. (SKH)	zł251.11 Million	63.09%	2.95x	$69.61 Million
Magna Polonia SA (06N)	$65.65 Million	-16.46%	0.07x	$9.19 Million
Alta S.A. (AAT)	$196.82 Million	2.13%	0.00x	$7.02 Million
Altustfi (ALI)	$110.08 Million	7.86%	0.18x	$30.63 Million
Capital Partners S.A. (CPA)	$101.82 Million	14.96%	0.16x	$8.67 Million
Caspar (CSR)	$-1.85 Million	0.00%	0.00x	$13.52 Million
One SA (FMG)	$50.07 Million	15.27%	1.69x	$5.96 Million
Immobile (GKI)	$235.41 Million	-1.26%	1.76x	$101.48 Million
Impera Capital S.A. (IMP)	$12.84 Million	-62.37%	0.16x	$4.03 Million
JR Invest SA (JRH)	$302.37 Million	-124.48%	0.48x	$64.76 Million
MCI Management SA (MCI)	$498.16 Million	31.33%	0.27x	$399.93 Million

About Skarbiec Holding S.A.

WAR:SKH Poland Asset Management

Market Cap

$69.61 Million

zł252.94 Million PLN

Market Cap Rank

#20588 Global

#173 in Poland

Share Price

zł37.10

Change (1 day)

+1.92%

52-Week Range

zł25.50 - zł38.20

All Time High

zł46.10