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Employees: 44
Size Digital Network (DIG.WA) is a Poland Communication Services company (Broadcasting) with a market value of $335M, the 74th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 292.20 on 6 Nov 2026.
Performance Over six months the shares gained 43.7%, against -15.1% for the median peer and +14.3% for the Poland market (cap-weighted) — highest of 14 in its peer set.
Growth Revenue grew 121.2% over the last twelve months (peer median -2.8%); the operating margin is 40.9% (peer median 5.9%).
Valuation It trades at 20.2× forward earnings against a peer median of 13.6× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.0 points above its cost of capital (11.0% WACC).
Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 181M | PLN 113M | PLN 74.7M | PLN 64.3M | PLN 48.4M |
| Revenue growth | — | +51% | +16% | +33% | — |
| Gross profit | PLN 96.7M | PLN 66.1M | PLN 43.4M | PLN 37.5M | PLN 24.5M |
| EBITDA | PLN 107M | PLN 67.6M | PLN 43.3M | PLN 35.7M | PLN 24.5M |
| Net income | PLN 45.2M | PLN 37.6M | PLN 25.2M | PLN 21.3M | PLN 8.52M |
| Free cash flow | PLN 55.6M | PLN 48.1M | PLN 30.1M | PLN 27.7M | PLN 15.7M |
| Capital expenditure | PLN 17.8M | PLN 6.14M | PLN 4.68M | PLN 3.51M | PLN 3.38M |
| Total debt | PLN 215M | PLN 206M | PLN 23.3M | PLN 24.2M | PLN 19.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DIG.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.9% | +2.6% | 2nd lowest of 14 |
| 6-month return | +43.7% | -15.1% | highest of 14 |
| Distance from 52-week high | -31.5% | -34.6% | 4th highest of 14 |
| Revenue growth (TTM) | +121.2% | -2.8% | highest of 14 |
| Operating margin | 40.9% | 5.9% | 2nd highest of 14 |
| Forward P/E | 20.2× | 13.6× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 14.3% | 4.8% | most demanding of 11 |
| Growth delivered (Del g) | +33.9% | +4.1% | highest of 11 |
| Hurdle (Req g minus delivered) | -19.6 pp | +1.6 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +9.0 pp | -2.1 pp | 3rd highest of 13 |
| EV / EBITDA | 14.0× | 8.0× | most expensive of 10 |
| Net debt / EBITDA | 1.7× | 1.8× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Digital Network DIG.WA | Poland | $335M | +44% | +121% | 41% | 20.2× | 14.3% | +33.9% |
| Shaanxi Broadcast & TV Network Intermediary (Group) 600831.SS | China | $351M | -15% | -26% | -141% | n/a | 12.3% | -16.8% |
| iHeartMedia IHRT | United States | $309M | -69% | +3% | 7% | n/a | 7.9% | +5.6% |
| Network18 Media & Invest NETWORK18.NS | India | $438M | -23% | -23% | -3% | n/a | n/a | n/a |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 16.0× | n/a | n/a |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.7× | 2.2% | +5.4% |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 12.7× | -18.7% | +3.5% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |