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

Latest as of September 2025: zł2.75 Billion PLN ≈ $757.28 Million USD

Based on the latest financial reports, Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has net assets worth zł2.75 Billion PLN (≈ $757.28 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 (zł6.05 Billion ≈ $1.66 Billion USD) and total liabilities (zł3.30 Billion ≈ $907.02 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. Also explore how large is Grupa Azoty Zaklady Azotowe Pulawy SA's balance sheet for the complete picture of this company's asset base.

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. Check tangible equity quality of Grupa Azoty Zaklady Azotowe Pulawy SA to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) total market value.

Year	Net Assets	Change
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 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.

Company	Market Cap
Gran Tierra Energy Inc TO:GTE	$249.98 Million
Jiangsu Gaoke Petrochemical Co SHE:002778	$250.10 Million
Chaince Digital Holdings Inc. NASDAQ:CD	$250.14 Million
Mastersystem Infotama Tbk. JK:MSTI	$250.18 Million
Outbrain Inc NASDAQ:OB	$249.88 Million
Funkwerk AG F:FEW	$249.85 Million
Taisun Enterprise Co Ltd TW:1218	$249.74 Million
Ready Capital Corp NYSE:RC	$249.67 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 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: 0.30x
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 0.30x 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	zł47.50	x
2005-12-31	zł65.68	zł47.50	x
2006-12-31	zł80.58	zł47.50	x
2007-12-31	zł85.58	zł47.50	x
2008-12-31	zł92.35	zł47.50	x
2009-12-31	zł86.06	zł47.50	x
2010-12-31	zł100.96	zł47.50	x
2011-12-31	zł127.91	zł47.50	x
2012-12-31	zł138.95	zł47.50	x
2013-12-31	zł139.20	zł47.50	x
2014-12-31	zł141.99	zł47.50	x
2015-12-31	zł158.68	zł47.50	x
2016-12-31	zł162.22	zł47.50	x
2017-12-31	zł167.03	zł47.50	x
2018-12-31	zł167.92	zł47.50	x
2019-12-31	zł181.57	zł47.50	x
2020-12-31	zł187.14	zł47.50	x
2021-12-31	zł198.73	zł47.50	x
2022-12-31	zł207.26	zł47.50	x
2023-12-31	zł174.63	zł47.50	x
2024-12-31	zł155.84	zł47.50	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): -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: $3,624,876,500
Average return on equity (ROE) among peers: 10.74%

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	$249.88 Million
Grupa Azoty S.A. (ATT)	$6.27 Billion	10.84%	0.59x	$526.34 Million
Grupa Azoty Zaklady Chemiczne Police SA (PCE)	$979.10 Million	10.64%	0.58x	$248.79 Million

About Grupa Azoty Zaklady Azotowe Pulawy SA

WAR:ZAP Poland Agricultural Inputs

Market Cap

$249.88 Million

zł907.96 Million PLN

Market Cap Rank

#15569 Global

#96 in Poland

Share Price

zł47.50

Change (1 day)

-1.66%

52-Week Range

zł44.10 - zł54.60

All Time High

zł203.43