TESGAS S.A. (TSG) - Net Assets

Latest as of September 2025: zł82.24 Million PLN ≈ $22.63 Million USD

Based on the latest financial reports, TESGAS S.A. (TSG) has net assets worth zł82.24 Million PLN (≈ $22.63 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 (zł111.26 Million ≈ $30.62 Million USD) and total liabilities (zł29.02 Million ≈ $7.99 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 TESGAS S.A. asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł82.24 Million
% of Total Assets	73.91%
Annual Growth Rate	6.06%
5-Year Change	9.41%
10-Year Change	8.83%
Growth Volatility	51.19

TESGAS S.A. - Net Assets Trend (2009–2024)

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

Annual Net Assets for TESGAS S.A. (2009–2024)

The table below shows the annual net assets of TESGAS S.A. from 2009 to 2024. For live valuation and market cap data, see TESGAS S.A. (TSG) market capitalisation.

Year	Net Assets	Change
2024-12-31	zł88.28 Million ≈ $24.30 Million	-0.33%
2023-12-31	zł88.57 Million ≈ $24.38 Million	+2.37%
2022-12-31	zł86.53 Million ≈ $23.81 Million	-0.73%
2021-12-31	zł87.16 Million ≈ $23.99 Million	+8.02%
2020-12-31	zł80.69 Million ≈ $22.21 Million	+10.34%
2019-12-31	zł73.13 Million ≈ $20.13 Million	+5.21%
2018-12-31	zł69.51 Million ≈ $19.13 Million	+2.90%
2017-12-31	zł67.55 Million ≈ $18.59 Million	-9.02%
2016-12-31	zł74.25 Million ≈ $20.43 Million	-8.47%
2015-12-31	zł81.12 Million ≈ $22.32 Million	+2.57%
2014-12-31	zł79.08 Million ≈ $21.76 Million	-2.01%
2013-12-31	zł80.70 Million ≈ $22.21 Million	+4.38%
2012-12-31	zł77.32 Million ≈ $21.28 Million	-36.13%
2011-12-31	zł121.06 Million ≈ $33.32 Million	+10.56%
2010-12-31	zł109.49 Million ≈ $30.13 Million	+199.70%
2009-12-31	zł36.53 Million ≈ $10.05 Million	--

Equity Component Analysis

This analysis shows how different components contribute to TESGAS 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 decreased by 25.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł13.10 Million	14.98%
Common Stock	zł11.35 Million	12.98%
Other Components	zł62.97 Million	72.03%
Total Equity	zł87.42 Million	100.00%

TESGAS S.A. Competitors by Market Cap

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

Company	Market Cap
36Kr Holdings Inc NASDAQ:KRKR	$6.03 Million
Bluefield Solar Income Fund LSE:BSIF	$6.04 Million
NEPRA FOODS INC. F:2P6	$6.04 Million
Everland Public Company Limited BK:EVER	$6.05 Million
Woodlandor Holdings Bhd KLSE:7025	$6.03 Million
TGS Esports Inc V:TGS	$6.03 Million
THOR MNG CUFS/1LS- 00001 F:T5MB	$6.02 Million
Firstwave Cloud Technology Ltd AU:FCT	$6.02 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 87,617,000 to 87,415,000, a change of -202,000 (-0.2%).
Net loss of 202,000 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł-202.00K	-0.23%
Total Change	zł-	-0.23%

Book Value vs Market Value Analysis

This analysis compares TESGAS 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: 0.25x
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 0.35x to 0.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	zł5.45	zł1.93	x
2010-12-31	zł11.38	zł1.93	x
2011-12-31	zł10.39	zł1.93	x
2012-12-31	zł6.70	zł1.93	x
2013-12-31	zł7.01	zł1.93	x
2014-12-31	zł6.93	zł1.93	x
2015-12-31	zł7.15	zł1.93	x
2016-12-31	zł6.54	zł1.93	x
2017-12-31	zł5.95	zł1.93	x
2018-12-31	zł6.12	zł1.93	x
2019-12-31	zł6.44	zł1.93	x
2020-12-31	zł7.03	zł1.93	x
2021-12-31	zł7.61	zł1.93	x
2022-12-31	zł7.55	zł1.93	x
2023-12-31	zł7.72	zł1.93	x
2024-12-31	zł7.70	zł1.93	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TESGAS 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): -0.23%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.25%
• Asset Turnover: 0.64x
• Equity Multiplier: 1.42x
Recent ROE (-0.23%) is below the historical average (0.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	20.01%	8.04%	0.95x	2.63x	zł3.66 Million
2010	13.50%	8.24%	0.85x	1.93x	zł3.73 Million
2011	11.21%	7.38%	0.97x	1.56x	zł1.42 Million
2012	-55.45%	-46.03%	0.75x	1.61x	zł-49.77 Million
2013	4.36%	5.71%	0.50x	1.53x	zł-4.48 Million
2014	2.53%	2.28%	0.77x	1.44x	zł-5.87 Million
2015	4.41%	4.23%	0.74x	1.40x	zł-4.53 Million
2016	-7.73%	-9.50%	0.60x	1.36x	zł-13.16 Million
2017	-9.92%	-11.64%	0.59x	1.44x	zł-13.45 Million
2018	3.21%	2.87%	0.79x	1.41x	zł-4.72 Million
2019	4.95%	2.85%	1.15x	1.51x	zł-3.70 Million
2020	8.32%	6.48%	0.85x	1.51x	zł-1.34 Million
2021	7.60%	5.78%	0.86x	1.53x	zł-2.07 Million
2022	3.20%	2.13%	0.92x	1.63x	zł-5.82 Million
2023	4.88%	3.04%	1.12x	1.43x	zł-4.49 Million
2024	-0.23%	-0.25%	0.64x	1.42x	zł-8.94 Million

Industry Comparison

This section compares TESGAS S.A.'s net assets metrics with peer companies in the Utilities - Regulated Gas industry.

No peer company data available for comparison.

About TESGAS S.A.

WAR:TSG Poland Utilities - Regulated Gas

Market Cap

$6.03 Million

zł21.91 Million PLN

Market Cap Rank

#27983 Global

#318 in Poland

Share Price

zł1.93

Change (1 day)

+0.00%

52-Week Range

zł1.89 - zł2.81

All Time High

zł6.10