1. Poland Stocks

  2. •

    Finance

  3. •

    Investment managers
Caspar Asset Management SA

Caspar Asset Management SA

GGPW:CSR
11.10
PLN
-0.30
(-2.63%)
0.23EPS
21.38P/E
50.30MMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.89
1.12
1.05
1.05
1.43
1.55
10.52
27.8
3.81
3.5
3.2
4.01
4.99
5.88
Basic EPS, GAAP
0.07
0.14
0.08
0.14
0.25
0.13
2.04
13.28
0.86
0.43
0.25
0.18
0.23
0.24
Free Cash Flow per Basic Share
0.04
0.09
0.07
0.06
0.06
0.21
1.46
5.06
2.7
0.53
0.44
0.28
0.34
0.42
Dividend per Share
- -
0.08
0.12
0.06
0.13
0.21
0.68
2.8
1.76
0.68
0.56
0.21
0.1
- -
Book Value per Share
1.02
1.09
1.05
1.12
1.25
1.17
1.44
3.44
2.55
2.23
1.96
2.74
2.89
2.95
Tangible Book Value per Share
0.99
1.06
1.02
1.09
1.22
1.13
1.36
3.36
2.41
2.02
1.73
1.13
1.27
1.34
Basic Weighted Avg Shares
10
10
10
10
10
10
2
2
10
10
10
10
10
10
Sales/Revenue/Turnover
9
11
10
10
14
15
21
55
38
35
32
40
49
58
Operating Margin (%)
6.05
13.55
8.43
13.15
19.94
9.51
23.88
58.84
26.9
15.57
10.82
5.49
6.42
5.05
Depreciation Expense
- -
- -
- -
- -
- -
1
1
1
2
3
3
3
3
3
Net Income, GAAP
1
1
1
1
2
1
4
26
8
4
2
2
2
2
Effective Tax Rate (%)
6.4
16.68
21.87
17.75
18.34
21.72
20.48
19.02
19.6
25.85
30.97
38.84
22.17
32.99
Profit Margin (%)
8.03
12.9
7.84
13.28
17.22
8.25
19.4
47.76
22.56
12.28
7.91
4.51
4.68
4.06
Working Capital
9
10
10
10
11
10
12
32
22
17
14
14
15
17
LT Debt
- -
- -
- -
- -
- -
- -
4
3
4
4
5
5
4
5
Total Equity
10
11
10
11
12
12
14
34
25
22
19
33
34
35
Return on Invested Capital (%)
5.11
11.66
7.39
12.19
19.61
9.83
25.5
85.85
23.05
14.17
9.11
4.11
6.86
5.45
Return on Capital (%)
7.5
13.6
7.58
12.74
20.59
10.44
26.99
94.23
25.66
16
10.68
7.35
6.15
6.95
Return on Common Equity (%)
7.44
13.72
7.69
12.86
20.8
10.57
31.3
108.98
28.72
17.98
12.05
7.68
8.29
8.28

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
6
4
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
38
47
50

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
21
23
22
Cash, Cash Equivalents & STI
14
16
15
Accounts Receivable, Net
7
7
7
Inventories
- -
- -
- -
Total Current Liabilities
5
7
5
Payables & Accruals
- -
- -
- -
ST Debt
- -
1
- -
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.63%
4.63%
5.41%
Free Cash Flow
57.15%
10.39%
19.15%
Net Income, GAAP
71.04%
-31.64%
29.21%
Sales/Revenue/Turnover
- -
0.3%
24.48%
Total Cash Common Dividend
41.52%
4.01%
-52.39%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
9
11
11
40
2025
11
11
18
14
49
2026
15
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.06
0.1
-0.02
0.18
2025
0.08
- -
0.1
0.05
0.23
2026
0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.21
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hanna Kijanowska
Full Time Employees
73
Sector
Finance
Industry
Investment managers
Address
ul. POlwiejska 32 Poznan WP Poland 61-888
IPO Date
Dec 8, 2011
Website
caspar.com.pl
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Business
Caspar Asset Management S.A. Caspar Asset Management S.A. is a Poland-based asset management firm that specializes in portfolio management, brokerage services, and investment fund operations for high-net-worth individuals and institutional investors. The company offers global investment strategies including equity and balanced approaches, segregated portfolio management, financial instrument brokerage, investment consulting, and the creation, management, and distribution of open-ended and closed-ended investment funds; its services target clients seeking exposure to Central and Eastern European markets as well as broader global opportunities through investments primarily in shares and debt securities. Caspar Asset Management S.A., founded in 2009 and headquartered at ul. Półwiejska 32 in Poznań, Poland, operates primarily in Poland with international reach in Western Europe and the United States; its capital group includes subsidiaries such as Caspar Towarzystwo Funduszy Inwestycyjnych S.A. (Caspar TFI) for fund management and F-Trust S.A. for distribution and agency activities. The firm provides clients with digital platforms like CasparLine for real-time portfolio access, reporting, and investment commentary in asset management services, alongside an online transactional platform for its investment fund clients. In recent developments, the company reports ongoing growth in assets under management as disclosed in regulatory filings through October 2025, initiates a strategic reorganization and optimization plan for its group structure in October 2025, experiences a change in CEO with a resignation and new candidacy announced in September 2025, and notes shifts in major shareholdings including stakes moving above 5% and below 10% in August 2025.