X Trade Brokers Dom Maklerski SA (XTB) - Net Assets

Latest as of September 2025: zł1.82 Billion PLN ≈ $500.64 Million USD

Based on the latest financial reports, X Trade Brokers Dom Maklerski SA (XTB) has net assets worth zł1.82 Billion PLN (≈ $500.64 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 (zł8.33 Billion ≈ $2.29 Billion USD) and total liabilities (zł6.51 Billion ≈ $1.79 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. Check XTB cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł1.82 Billion
% of Total Assets	21.84%
Annual Growth Rate	12.59%
5-Year Change	125.56%
10-Year Change	435.66%
Growth Volatility	31.07

X Trade Brokers Dom Maklerski SA - Net Assets Trend (2013–2024)

This chart illustrates how X Trade Brokers Dom Maklerski SA's net assets have evolved over time, based on quarterly financial data. Also explore XTB current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for X Trade Brokers Dom Maklerski SA (2013–2024)

The table below shows the annual net assets of X Trade Brokers Dom Maklerski SA from 2013 to 2024. For live valuation and market cap data, see XTB market cap.

Year	Net Assets	Change
2024-12-31	zł2.00 Billion ≈ $551.43 Million	+15.51%
2023-12-31	zł1.73 Billion ≈ $477.40 Million	+15.18%
2022-12-31	zł1.51 Billion ≈ $414.49 Million	+64.50%
2021-12-31	zł915.56 Million ≈ $251.98 Million	+3.07%
2020-12-31	zł888.30 Million ≈ $244.47 Million	+81.01%
2019-12-31	zł490.74 Million ≈ $135.06 Million	+7.82%
2018-12-31	zł455.16 Million ≈ $125.27 Million	+13.69%
2017-12-31	zł400.34 Million ≈ $110.18 Million	+12.49%
2016-12-31	zł355.89 Million ≈ $97.95 Million	-4.85%
2015-12-31	zł374.05 Million ≈ $102.94 Million	-41.93%
2014-12-31	zł644.11 Million ≈ $177.27 Million	+18.45%
2013-12-31	zł543.76 Million ≈ $149.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to X Trade Brokers Dom Maklerski 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 1045.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł870.50 Million	43.45%
Common Stock	zł5.88 Million	0.29%
Other Components	zł1.13 Billion	56.26%
Total Equity	zł2.00 Billion	100.00%

X Trade Brokers Dom Maklerski SA Competitors by Market Cap

The table below lists competitors of X Trade Brokers Dom Maklerski SA ranked by their market capitalization.

Company	Market Cap
Tofas Turk Otomobil Fabrikasi AS IS:TOASO	$3.30 Billion
Huhtamaki Oyj HE:HUH1V	$3.30 Billion
Griffon Corporation NYSE:GFF	$3.30 Billion
Societe LDC SA PA:LOUP	$3.30 Billion
Universal Microwave Technology TWO:3491	$3.30 Billion
IONOS GROUP N XETRA:IOS	$3.29 Billion
Wistron NeWeb Corp TW:6285	$3.29 Billion
Royal Unibrew A/S CO:RBREW	$3.29 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in X Trade Brokers Dom Maklerski SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,734,663,000 to 2,003,521,000, a change of 268,858,000 (15.5%).
Net income of 857,025,000 contributed positively to equity growth.
Dividend payments of 590,198,000 reduced retained earnings.
Share repurchases of 7,750,000 reduced equity.
New share issuances of 7,259,000 increased equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł857.02 Million	+42.78%
Dividends Paid	zł590.20 Million	-29.46%
Share Repurchases	zł7.75 Million	-0.39%
Share Issuances	zł7.26 Million	+0.36%
Other Changes	zł2.52 Million	+0.13%
Total Change	zł-	15.50%

Book Value vs Market Value Analysis

This analysis compares X Trade Brokers Dom Maklerski 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: 5.99x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 46.81x to 5.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	zł2.18	zł102.00	x
2014-12-31	zł2.85	zł102.00	x
2015-12-31	zł3.18	zł102.00	x
2016-12-31	zł3.03	zł102.00	x
2017-12-31	zł3.41	zł102.00	x
2018-12-31	zł3.88	zł102.00	x
2019-12-31	zł4.18	zł102.00	x
2020-12-31	zł7.57	zł102.00	x
2021-12-31	zł7.80	zł102.00	x
2022-12-31	zł12.83	zł102.00	x
2023-12-31	zł14.75	zł102.00	x
2024-12-31	zł17.04	zł102.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently X Trade Brokers Dom Maklerski 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): 42.78%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 43.40%
• Asset Turnover: 0.30x
• Equity Multiplier: 3.32x
Recent ROE (42.78%) is above the historical average (31.36%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	31.94%	33.34%	0.44x	2.17x	zł56.28 Million
2014	22.96%	35.63%	0.33x	1.96x	zł43.49 Million
2015	31.82%	40.63%	0.40x	1.94x	zł81.63 Million
2016	21.83%	29.20%	0.33x	2.24x	zł42.12 Million
2017	23.22%	32.25%	0.32x	2.24x	zł52.94 Million
2018	22.29%	35.04%	0.30x	2.13x	zł55.96 Million
2019	11.76%	24.05%	0.21x	2.32x	zł8.63 Million
2020	45.26%	50.06%	0.35x	2.57x	zł313.26 Million
2021	25.98%	37.05%	0.20x	3.44x	zł146.27 Million
2022	50.87%	51.67%	0.36x	2.73x	zł615.49 Million
2023	45.61%	47.32%	0.36x	2.70x	zł617.71 Million
2024	42.78%	43.40%	0.30x	3.32x	zł656.67 Million

Industry Comparison

This section compares X Trade Brokers Dom Maklerski SA's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $35,314,289
Average return on equity (ROE) among peers: 78.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
X Trade Brokers Dom Maklerski SA (XTB)	zł1.82 Billion	31.94%	3.58x	$3.30 Billion
Dom Maklerski IDM SA (IDM)	$2.23 Million	337.63%	1.44x	$5.75 Million
INC S.A. (INC)	$41.88 Million	12.91%	0.25x	$6.88 Million
Ipopema Securities SA (IPE)	$44.37 Million	28.20%	2.13x	$51.58 Million
Novavis Group SA (NVG)	$5.31 Million	53.86%	2.47x	$6.43 Million
Reino Capital SA (RNC)	$55.66 Million	12.39%	0.24x	$23.34 Million
Skyline Investment S.A. (SKL)	$62.44 Million	23.62%	0.22x	$9.56 Million

About X Trade Brokers Dom Maklerski SA

WAR:XTB Poland Capital Markets

Market Cap

$3.30 Billion

zł11.98 Billion PLN

Market Cap Rank

#4657 Global

#26 in Poland

Share Price

zł102.00

Change (1 day)

+1.25%

52-Week Range

zł65.60 - zł113.44

All Time High

zł113.44