Stalexport Autostrady SA (STX) - Net Assets

Latest as of December 2025: zł711.31 Million PLN ≈ $195.76 Million USD

Based on the latest financial reports, Stalexport Autostrady SA (STX) has net assets worth zł711.31 Million PLN (≈ $195.76 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 (zł1.10 Billion ≈ $303.74 Million USD) and total liabilities (zł392.33 Million ≈ $107.98 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 how tangible is Stalexport Autostrady SA's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł711.31 Million
% of Total Assets	64.45%
Annual Growth Rate	11.47%
5-Year Change	-10.98%
10-Year Change	21.21%
Growth Volatility	58.97

Stalexport Autostrady SA - Net Assets Trend (2006–2025)

This chart illustrates how Stalexport Autostrady SA's net assets have evolved over time, based on quarterly financial data. See Stalexport Autostrady SA defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Stalexport Autostrady SA (2006–2025)

The table below shows the annual net assets of Stalexport Autostrady SA from 2006 to 2025. For live valuation and market cap data, see market value of Stalexport Autostrady SA.

Year	Net Assets	Change
2025-12-31	zł711.31 Million ≈ $195.76 Million	-8.72%
2024-12-31	zł779.28 Million ≈ $214.47 Million	+2.82%
2023-12-31	zł757.93 Million ≈ $208.59 Million	-7.64%
2022-12-31	zł820.58 Million ≈ $225.84 Million	+2.70%
2021-12-31	zł799.02 Million ≈ $219.90 Million	-7.72%
2020-12-31	zł865.88 Million ≈ $238.30 Million	+8.81%
2019-12-31	zł795.76 Million ≈ $219.01 Million	-1.75%
2018-12-31	zł809.91 Million ≈ $222.90 Million	+16.00%
2017-12-31	zł698.17 Million ≈ $192.15 Million	+18.97%
2016-12-31	zł586.83 Million ≈ $161.50 Million	+38.70%
2015-12-31	zł423.10 Million ≈ $116.44 Million	+38.75%
2014-12-31	zł304.92 Million ≈ $83.92 Million	+22.70%
2013-12-31	zł248.51 Million ≈ $68.39 Million	+33.26%
2012-12-31	zł186.49 Million ≈ $51.33 Million	+3.84%
2011-12-31	zł179.59 Million ≈ $49.43 Million	-0.27%
2010-12-31	zł180.08 Million ≈ $49.56 Million	-51.88%
2009-12-31	zł374.23 Million ≈ $102.99 Million	+11.34%
2008-12-31	zł336.12 Million ≈ $92.51 Million	+4.53%
2007-12-31	zł321.55 Million ≈ $88.49 Million	+255.53%
2006-12-31	zł90.44 Million ≈ $24.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Stalexport Autostrady 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 grown by 54930400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł149.63 Million	21.25%
Other Components	zł554.48 Million	78.75%
Total Equity	zł704.11 Million	100.00%

Stalexport Autostrady SA Competitors by Market Cap

The table below lists competitors of Stalexport Autostrady SA ranked by their market capitalization.

Company	Market Cap
Mercuries Data Systems Ltd TW:2427	$137.55 Million
OM Holdings Ltd KLSE:5298	$137.55 Million
Ajiya Bhd KLSE:7609	$137.65 Million
MCH Group AG SW:MCHN	$137.67 Million
Azerion Group N.V. AS:AZRN	$137.43 Million
First Farms A/S CO:FFARMS	$137.41 Million
UOA Real Estate Investment Trust KLSE:5110	$137.39 Million
Tarsons Products Limited NSE:TARSONS	$137.37 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Stalexport Autostrady SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 773,443,000 to 704,113,000, a change of -69,330,000 (-9.0%).
Net income of 86,313,000 contributed positively to equity growth.
Dividend payments of 155,775,000 reduced retained earnings.
Other comprehensive income decreased equity by 442,344,999.
Other factors increased equity by 442,476,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł86.31 Million	+12.26%
Dividends Paid	zł155.78 Million	-22.12%
Other Comprehensive Income	zł-442.34 Million	-62.82%
Other Changes	zł442.48 Million	+62.84%
Total Change	zł-	-8.96%

Book Value vs Market Value Analysis

This analysis compares Stalexport Autostrady 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: 0.71x
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 decreased from 3.05x to 0.71x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	zł0.66	zł2.02	x
2007-12-31	zł1.56	zł2.02	x
2008-12-31	zł1.33	zł2.02	x
2009-12-31	zł1.50	zł2.02	x
2010-12-31	zł0.71	zł2.02	x
2011-12-31	zł0.71	zł2.02	x
2012-12-31	zł0.74	zł2.02	x
2013-12-31	zł0.99	zł2.02	x
2014-12-31	zł1.22	zł2.02	x
2015-12-31	zł1.69	zł2.02	x
2016-12-31	zł2.35	zł2.02	x
2017-12-31	zł2.80	zł2.02	x
2018-12-31	zł3.26	zł2.02	x
2019-12-31	zł3.18	zł2.02	x
2020-12-31	zł3.48	zł2.02	x
2021-12-31	zł3.21	zł2.02	x
2022-12-31	zł3.29	zł2.02	x
2023-12-31	zł3.04	zł2.02	x
2024-12-31	zł3.13	zł2.02	x
2025-12-31	zł2.85	zł2.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Stalexport Autostrady 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): 12.26%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.62%
• Asset Turnover: 0.57x
• Equity Multiplier: 1.57x
Recent ROE (12.26%) is below the historical average (12.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	-16.83%	-11.74%	0.17x	8.33x	zł-23.16 Million
2007	10.01%	24.99%	0.17x	2.35x	zł19.30K
2008	10.18%	25.40%	0.18x	2.29x	zł592.60K
2009	8.18%	21.82%	0.18x	2.12x	zł-6.75 Million
2010	8.22%	8.77%	0.12x	7.85x	zł-3.14 Million
2011	3.02%	2.94%	0.13x	7.81x	zł-12.22 Million
2012	4.71%	4.64%	0.14x	7.10x	zł-9.65 Million
2013	23.93%	28.36%	0.17x	5.10x	zł34.09 Million
2014	20.11%	27.18%	0.17x	4.37x	zł30.41 Million
2015	27.17%	43.27%	0.19x	3.29x	zł71.79 Million
2016	27.42%	54.49%	0.20x	2.49x	zł101.38 Million
2017	22.12%	48.11%	0.22x	2.07x	zł84.03 Million
2018	22.49%	53.82%	0.25x	1.64x	zł100.61 Million
2019	9.60%	21.49%	0.27x	1.68x	zł-3.11 Million
2020	10.13%	30.14%	0.20x	1.66x	zł1.16 Million
2021	11.41%	25.14%	0.27x	1.70x	zł11.21 Million
2022	9.75%	19.16%	0.29x	1.76x	zł-2.06 Million
2023	14.53%	21.47%	0.33x	2.05x	zł34.06 Million
2024	17.19%	22.96%	0.47x	1.60x	zł55.58 Million
2025	12.26%	13.62%	0.57x	1.57x	zł15.90 Million

Industry Comparison

This section compares Stalexport Autostrady SA's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

Industry: Infrastructure Operations
Average net assets among peers: $206,351,000
Average return on equity (ROE) among peers: 5.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Stalexport Autostrady SA (STX)	zł711.31 Million	-16.83%	0.55x	$137.46 Million
ZUE SA (ZUE)	$206.35 Million	5.20%	2.55x	$78.32 Million

About Stalexport Autostrady SA

WAR:STX Poland Infrastructure Operations

Market Cap

$137.46 Million

zł499.47 Million PLN

Market Cap Rank

#18071 Global

#125 in Poland

Share Price

zł2.02

Change (1 day)

-3.81%

52-Week Range

zł2.02 - zł3.45

All Time High

zł3.91