Zespol Elektrowni Patnow Adamow Konin SA (ZEP) - Net Assets

Latest as of September 2025: zł2.06 Billion PLN ≈ $565.87 Million USD

Based on the latest financial reports, Zespol Elektrowni Patnow Adamow Konin SA (ZEP) has net assets worth zł2.06 Billion PLN (≈ $565.87 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 (zł3.82 Billion ≈ $1.05 Billion USD) and total liabilities (zł1.76 Billion ≈ $485.36 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 Zespol Elektrowni Patnow Adamow Konin SA (ZEP) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł2.06 Billion
% of Total Assets	53.83%
Annual Growth Rate	0.83%
5-Year Change	129.13%
10-Year Change	15.42%
Growth Volatility	42.0

Zespol Elektrowni Patnow Adamow Konin SA - Net Assets Trend (2008–2024)

This chart illustrates how Zespol Elektrowni Patnow Adamow Konin SA's net assets have evolved over time, based on quarterly financial data. See Zespol Elektrowni Patnow Adamow Konin SA defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Zespol Elektrowni Patnow Adamow Konin SA (2008–2024)

The table below shows the annual net assets of Zespol Elektrowni Patnow Adamow Konin SA from 2008 to 2024. For live valuation and market cap data, see market value of Zespol Elektrowni Patnow Adamow Konin SA.

Year	Net Assets	Change
2024-12-31	zł2.18 Billion ≈ $598.72 Million	+13.81%
2023-12-31	zł1.91 Billion ≈ $526.08 Million	+57.39%
2022-12-31	zł1.21 Billion ≈ $334.25 Million	+131.67%
2021-12-31	zł524.23 Million ≈ $144.28 Million	-44.79%
2020-12-31	zł949.46 Million ≈ $261.31 Million	-19.30%
2019-12-31	zł1.18 Billion ≈ $323.78 Million	-30.27%
2018-12-31	zł1.69 Billion ≈ $464.33 Million	-25.49%
2017-12-31	zł2.26 Billion ≈ $623.16 Million	+5.63%
2016-12-31	zł2.14 Billion ≈ $589.97 Million	+13.73%
2015-12-31	zł1.88 Billion ≈ $518.73 Million	-50.66%
2014-12-31	zł3.82 Billion ≈ $1.05 Billion	+0.98%
2013-12-31	zł3.78 Billion ≈ $1.04 Billion	+7.05%
2012-12-31	zł3.53 Billion ≈ $972.49 Million	+9.41%
2011-12-31	zł3.23 Billion ≈ $888.83 Million	+10.12%
2010-12-31	zł2.93 Billion ≈ $807.14 Million	+13.29%
2009-12-31	zł2.59 Billion ≈ $712.43 Million	+35.78%
2008-12-31	zł1.91 Billion ≈ $524.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Zespol Elektrowni Patnow Adamow Konin 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 32.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	zł720.76 Million	33.16%
Common Stock	zł101.65 Million	4.68%
Other Comprehensive Income	zł970.85 Million	44.67%
Other Components	zł380.03 Million	17.49%
Total Equity	zł2.17 Billion	100.00%

Zespol Elektrowni Patnow Adamow Konin SA Competitors by Market Cap

The table below lists competitors of Zespol Elektrowni Patnow Adamow Konin SA ranked by their market capitalization.

Company	Market Cap
Servicios Corporativos Javer MX:JAVER	$247.96 Million
AVY Precision Technology TWO:5392	$248.03 Million
Advanced Process Systems Corporation KQ:265520	$248.06 Million
Eisen- und Hüttenwerke AG F:EIS	$248.16 Million
Mildef Crete TWO:3213	$247.75 Million
MFS Multimarket Income Trust NYSE:MMT	$247.71 Million
Turtle Beach Corporation NASDAQ:TBCH	$247.70 Million
Site Centers Corp NYSE:SITC	$247.68 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zespol Elektrowni Patnow Adamow Konin SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,911,513,000 to 2,173,282,000, a change of 261,769,000 (13.7%).
Net income of 262,928,000 contributed positively to equity growth.
Other comprehensive income increased equity by 112,320,999.
Other factors decreased equity by 113,479,999.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	zł262.93 Million	+12.1%
Other Comprehensive Income	zł112.32 Million	+5.17%
Other Changes	zł-113.48 Million	-5.22%
Total Change	zł-	13.69%

Book Value vs Market Value Analysis

This analysis compares Zespol Elektrowni Patnow Adamow Konin 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: 0.41x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	zł49.76	zł17.72	x
2010-12-31	zł56.37	zł17.72	x
2011-12-31	zł62.07	zł17.72	x
2012-12-31	zł68.05	zł17.72	x
2013-12-31	zł74.43	zł17.72	x
2014-12-31	zł75.16	zł17.72	x
2015-12-31	zł37.09	zł17.72	x
2016-12-31	zł42.18	zł17.72	x
2017-12-31	zł44.55	zł17.72	x
2018-12-31	zł33.13	zł17.72	x
2019-12-31	zł23.10	zł17.72	x
2020-12-31	zł18.72	zł17.72	x
2021-12-31	zł10.32	zł17.72	x
2022-12-31	zł14.24	zł17.72	x
2023-12-31	zł37.61	zł17.72	x
2024-12-31	zł42.76	zł17.72	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zespol Elektrowni Patnow Adamow Konin 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): 12.10%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.03%
• Asset Turnover: 0.57x
• Equity Multiplier: 1.77x
Recent ROE (12.10%) is above the historical average (-5.23%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	26.56%	25.48%	0.52x	2.00x	zł428.57 Million
2010	11.42%	13.68%	0.47x	1.76x	zł41.54 Million
2011	9.81%	11.79%	0.50x	1.65x	zł-6.00 Million
2012	10.78%	14.10%	0.43x	1.77x	zł27.42 Million
2013	5.74%	7.85%	0.43x	1.71x	zł-161.32 Million
2014	2.15%	3.06%	0.39x	1.80x	zł-299.99 Million
2015	-99.80%	-63.81%	0.59x	2.64x	zł-2.07 Billion
2016	11.55%	9.16%	0.56x	2.24x	zł33.31 Million
2017	8.09%	7.50%	0.55x	1.97x	zł-43.18 Million
2018	-27.33%	-19.97%	0.60x	2.30x	zł-628.58 Million
2019	-38.00%	-15.50%	0.92x	2.66x	zł-563.56 Million
2020	-23.38%	-10.97%	0.70x	3.03x	zł-317.51 Million
2021	-60.50%	-13.92%	0.69x	6.31x	zł-369.87 Million
2022	28.09%	7.42%	0.60x	6.27x	zł130.94 Million
2023	38.98%	23.99%	0.87x	1.88x	zł553.96 Million
2024	12.10%	12.03%	0.57x	1.77x	zł45.60 Million

Industry Comparison

This section compares Zespol Elektrowni Patnow Adamow Konin SA's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.

Industry Context

Industry: Utilities - Independent Power Producers
Average net assets among peers: $1,474,782,667
Average return on equity (ROE) among peers: 20.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zespol Elektrowni Patnow Adamow Konin SA (ZEP)	zł2.06 Billion	26.56%	0.86x	$247.86 Million
INTER RAO Lietuva AB (IRL)	$28.09 Million	51.07%	1.51x	$53.94 Million
MDI Energia S.A. (MDI)	$45.10 Million	13.86%	1.82x	$21.50 Million
PolEnergia S.A. (PEP)	$4.35 Billion	-2.86%	0.92x	$1.29 Billion

About Zespol Elektrowni Patnow Adamow Konin SA

WAR:ZEP Poland Utilities - Independent Power Producers

Market Cap

$247.86 Million

zł900.59 Million PLN

Market Cap Rank

#15779 Global

#101 in Poland

Share Price

zł17.72

Change (1 day)

-0.45%

52-Week Range

zł16.00 - zł30.35

All Time High

zł37.00