Grupa Azoty Zaklady Azotowe Pulawy SA

WAR:ZAP Poland Agricultural Inputs
Market Cap
$219.74 Million
zł913.70 Million PLN
Market Cap Rank
#29068 Global
#223 in Poland
Share Price
zł47.80
Change (1 day)
-2.85%
52-Week Range
zł45.10 - zł54.60
All Time High
zł203.43
About

Zaklady Azotowe Pulawy S.A. manufactures and sells fertilizer and chemical products worldwide. It provides nitrogen fertilizers under PULAN, PULAN MACRO, megAN 33,5, SALMAG, PULMIX, Saletrzak 27N, eNpluSTM, and PULREA name; urea under PULGRAN name; urea ammonium sulfate under the PULGRANS name; RSM, RSMOptima and RSMS, PULSAR and ammonium sulfate from the Flue Gas Desulfurisation Unit; nitrogen f… Read more

Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) - Net Assets

Latest net assets as of September 2025: zł2.75 Billion PLN

Based on the latest financial reports, Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has net assets worth zł2.75 Billion PLN as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł6.05 Billion) and total liabilities (zł3.30 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets zł2.75 Billion
% of Total Assets 45.5%
Annual Growth Rate 4.77%
5-Year Change -16.7%
10-Year Change -2.0%
Growth Volatility 9.79

Grupa Azoty Zaklady Azotowe Pulawy SA - Net Assets Trend (2004–2024)

This chart illustrates how Grupa Azoty Zaklady Azotowe Pulawy SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2024)

The table below shows the annual net assets of Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2024.

Year Net Assets Change
2024-12-31 zł2.98 Billion -10.75%
2023-12-31 zł3.34 Billion -15.75%
2022-12-31 zł3.96 Billion +4.32%
2021-12-31 zł3.80 Billion +6.20%
2020-12-31 zł3.58 Billion +3.14%
2019-12-31 zł3.47 Billion +8.07%
2018-12-31 zł3.21 Billion +0.47%
2017-12-31 zł3.19 Billion +2.92%
2016-12-31 zł3.10 Billion +2.07%
2015-12-31 zł3.04 Billion +11.41%
2014-12-31 zł2.73 Billion +1.93%
2013-12-31 zł2.68 Billion +0.22%
2012-12-31 zł2.67 Billion +8.60%
2011-12-31 zł2.46 Billion +26.55%
2010-12-31 zł1.94 Billion +18.15%
2009-12-31 zł1.65 Billion -6.81%
2008-12-31 zł1.77 Billion +7.91%
2007-12-31 zł1.64 Billion +6.21%
2006-12-31 zł1.54 Billion +22.68%
2005-12-31 zł1.26 Billion +6.96%
2004-12-31 zł1.17 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Grupa Azoty Zaklady Azotowe Pulawy 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 1921.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings zł2.55 Billion 85.61%
Common Stock zł191.15 Million 6.42%
Other Components zł237.65 Million 7.98%
Total Equity zł2.98 Billion 100.00%

Grupa Azoty Zaklady Azotowe Pulawy SA Competitors by Market Cap

The table below lists competitors of Grupa Azoty Zaklady Azotowe Pulawy SA ranked by their market capitalization.

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grupa Azoty Zaklady Azotowe Pulawy SA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,338,087,000 to 2,978,889,000, a change of -359,198,000 (-10.8%).
  • Net loss of 368,221,000 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income zł-368.22 Million -12.36%
Other Changes zł9.02 Million +0.3%
Total Change zł- -10.76%

Book Value vs Market Value Analysis

This analysis compares Grupa Azoty Zaklady Azotowe Pulawy 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: 0.31x
  • 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 0.70x to 0.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 zł68.14 zł47.80 x
2005-12-31 zł65.68 zł47.80 x
2006-12-31 zł80.58 zł47.80 x
2007-12-31 zł85.58 zł47.80 x
2008-12-31 zł92.35 zł47.80 x
2009-12-31 zł86.06 zł47.80 x
2010-12-31 zł100.96 zł47.80 x
2011-12-31 zł127.91 zł47.80 x
2012-12-31 zł138.95 zł47.80 x
2013-12-31 zł139.20 zł47.80 x
2014-12-31 zł141.99 zł47.80 x
2015-12-31 zł158.68 zł47.80 x
2016-12-31 zł162.22 zł47.80 x
2017-12-31 zł167.03 zł47.80 x
2018-12-31 zł167.92 zł47.80 x
2019-12-31 zł181.57 zł47.80 x
2020-12-31 zł187.14 zł47.80 x
2021-12-31 zł198.73 zł47.80 x
2022-12-31 zł207.26 zł47.80 x
2023-12-31 zł174.63 zł47.80 x
2024-12-31 zł155.84 zł47.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grupa Azoty Zaklady Azotowe Pulawy 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): -12.36%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -10.58%
  • • Asset Turnover: 0.53x
  • • Equity Multiplier: 2.20x
  • Recent ROE (-12.36%) is below the historical average (7.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 10.75% 6.21% 1.24x 1.39x zł8.79 Million
2005 10.36% 5.90% 1.31x 1.34x zł4.46 Million
2006 21.48% 13.21% 1.27x 1.28x zł176.80 Million
2007 11.90% 8.12% 1.15x 1.27x zł31.04 Million
2008 10.59% 8.36% 1.02x 1.24x zł10.46 Million
2009 2.16% 1.73% 1.01x 1.24x zł-128.97 Million
2010 15.37% 10.29% 1.15x 1.30x zł103.67 Million
2011 24.56% 15.21% 1.23x 1.32x zł355.99 Million
2012 14.69% 10.04% 1.14x 1.28x zł124.54 Million
2013 7.81% 5.73% 1.06x 1.29x zł-58.33 Million
2014 6.45% 4.84% 1.02x 1.31x zł-96.40 Million
2015 14.87% 11.85% 0.99x 1.27x zł147.59 Million
2016 8.72% 8.08% 0.84x 1.29x zł-39.78 Million
2017 8.14% 7.44% 0.82x 1.33x zł-59.52 Million
2018 1.78% 1.60% 0.81x 1.38x zł-263.73 Million
2019 8.72% 8.45% 0.71x 1.46x zł-44.43 Million
2020 6.03% 6.73% 0.58x 1.54x zł-141.87 Million
2021 5.52% 3.82% 0.75x 1.93x zł-170.32 Million
2022 7.33% 3.27% 1.20x 1.87x zł-105.63 Million
2023 -18.62% -14.13% 0.64x 2.07x zł-955.37 Million
2024 -12.36% -10.58% 0.53x 2.20x zł-666.11 Million

Industry Comparison

This section compares Grupa Azoty Zaklady Azotowe Pulawy SA's net assets metrics with peer companies in the Agricultural Inputs industry.

Industry Context

  • Industry: Agricultural Inputs
  • Average net assets among peers: $5,071,879,000
  • Average return on equity (ROE) among peers: 4.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) zł2.75 Billion 10.75% 1.20x $8.84 Million
Grupa Azoty S.A. (ATT) $8.29 Billion 3.76% 1.20x $209.12 Million
Grupa Azoty Zaklady Chemiczne Police SA (PCE) $1.85 Billion 6.10% 1.25x $36.48 Million