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

Latest as of March 2026: zł2.65 Billion PLN ≈ $728.77 Million USD

Based on the latest financial reports, Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has net assets worth zł2.65 Billion PLN (≈ $728.77 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł6.75 Billion ≈ $1.86 Billion USD) and total liabilities (zł4.11 Billion ≈ $1.13 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 Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets zł2.65 Billion
% of Total Assets 39.2%
Annual Growth Rate 4.03%
5-Year Change -29.15%
10-Year Change -13.28%
Growth Volatility 10.06

Grupa Azoty Zaklady Azotowe Pulawy SA - Net Assets Trend (2004–2025)

This chart illustrates how Grupa Azoty Zaklady Azotowe Pulawy SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) market capitalisation.

Annual Net Assets for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2025)

The table below shows the annual net assets of Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2025. Also explore Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 zł2.69 Billion
≈ $740.60 Million		 -9.68%
2024-12-31 zł2.98 Billion
≈ $819.96 Million		 -10.75%
2023-12-31 zł3.34 Billion
≈ $918.72 Million		 -15.75%
2022-12-31 zł3.96 Billion
≈ $1.09 Billion		 +4.32%
2021-12-31 zł3.80 Billion
≈ $1.05 Billion		 +6.20%
2020-12-31 zł3.58 Billion
≈ $984.30 Million		 +3.14%
2019-12-31 zł3.47 Billion
≈ $954.36 Million		 +8.07%
2018-12-31 zł3.21 Billion
≈ $883.08 Million		 +0.47%
2017-12-31 zł3.19 Billion
≈ $878.93 Million		 +2.92%
2016-12-31 zł3.10 Billion
≈ $854.02 Million		 +2.07%
2015-12-31 zł3.04 Billion
≈ $836.68 Million		 +11.41%
2014-12-31 zł2.73 Billion
≈ $751.02 Million		 +1.93%
2013-12-31 zł2.68 Billion
≈ $736.79 Million		 +0.22%
2012-12-31 zł2.67 Billion
≈ $735.14 Million		 +8.60%
2011-12-31 zł2.46 Billion
≈ $676.93 Million		 +26.55%
2010-12-31 zł1.94 Billion
≈ $534.91 Million		 +18.15%
2009-12-31 zł1.65 Billion
≈ $452.73 Million		 -6.81%
2008-12-31 zł1.77 Billion
≈ $485.82 Million		 +7.91%
2007-12-31 zł1.64 Billion
≈ $450.22 Million		 +6.21%
2006-12-31 zł1.54 Billion
≈ $423.88 Million		 +22.68%
2005-12-31 zł1.26 Billion
≈ $345.53 Million		 +6.96%
2004-12-31 zł1.17 Billion
≈ $323.03 Million		 --

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 decreased by 58.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings zł51.82 Million 1.98%
Common Stock zł191.15 Million 7.30%
Other Comprehensive Income zł2.14 Billion 81.65%
Other Components zł237.65 Million 9.07%
Total Equity zł2.62 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.

Company Market Cap
Niagen Bioscience, Inc.
NASDAQ:NAGE
 $239.42 Million
Zona Franca de Iquique S.A
SN:ZOFRI
 $239.60 Million
Kardan Real Estate Enterprise and Development Ltd
TA:KARE
 $239.65 Million
Zhejiang Power New Energy Co. Ltd. A
SHG:688184
 $239.66 Million
Ioneer Ltd
AU:INR
 $239.30 Million
Petron Malaysia Refining Marketing
KLSE:3042
 $239.29 Million
J.G.CHEMICALS LIMITED
NSE:JGCHEM
 $239.29 Million
Jaya Tiasa Holdings Bhd
KLSE:4383
 $239.23 Million

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 2024 to 2025, total equity changed from 2,978,889,000 to 2,619,418,000, a change of -359,471,000 (-12.1%).
  • Net loss of 357,308,000 reduced equity.
  • Other comprehensive income increased equity by 2,138,802,000.
  • Other factors decreased equity by 2,140,965,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income zł-357.31 Million -13.64%
Other Comprehensive Income zł2.14 Billion +81.65%
Other Changes zł-2.14 Billion -81.73%
Total Change zł- -12.07%

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: 0.33x
  • 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 0.67x to 0.33x 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 zł45.50 x
2005-12-31 zł65.68 zł45.50 x
2006-12-31 zł80.58 zł45.50 x
2007-12-31 zł85.58 zł45.50 x
2008-12-31 zł92.35 zł45.50 x
2009-12-31 zł86.06 zł45.50 x
2010-12-31 zł100.96 zł45.50 x
2011-12-31 zł127.91 zł45.50 x
2012-12-31 zł138.95 zł45.50 x
2013-12-31 zł139.20 zł45.50 x
2014-12-31 zł141.99 zł45.50 x
2015-12-31 zł158.68 zł45.50 x
2016-12-31 zł162.22 zł45.50 x
2017-12-31 zł167.03 zł45.50 x
2018-12-31 zł167.92 zł45.50 x
2019-12-31 zł181.57 zł45.50 x
2020-12-31 zł187.14 zł45.50 x
2021-12-31 zł198.73 zł45.50 x
2022-12-31 zł207.26 zł45.50 x
2023-12-31 zł174.63 zł45.50 x
2024-12-31 zł155.84 zł45.50 x
2025-12-31 zł137.03 zł45.50 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): -13.64%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.17%
  • • Asset Turnover: 0.64x
  • • Equity Multiplier: 2.31x
  • Recent ROE (-13.64%) is below the historical average (6.94%), 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
2025 -13.64% -9.17% 0.64x 2.31x zł-619.25 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: $2,074,120,000
  • Average return on equity (ROE) among peers: -1.24%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) zł2.65 Billion 10.75% 1.55x $239.36 Million
Grupa Azoty S.A. (ATT) $3.49 Billion 8.43% 0.53x $540.54 Million
Grupa Azoty Zaklady Chemiczne Police SA (PCE) $657.54 Million -10.92% 4.12x $244.69 Million

About Grupa Azoty Zaklady Azotowe Pulawy SA

WAR:ZAP Poland Agricultural Inputs
Market Cap
$239.36 Million
zł869.73 Million PLN
Market Cap Rank
#15924 Global
#101 in Poland
Share Price
zł45.50
Change (1 day)
+0.44%
52-Week Range
zł44.10 - zł54.60
All Time High
zł203.43
Categories
Companies in Poland Agricultural Inputs
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