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Polish supermarket chain operating mid-sized convenience-format grocery stores across smaller towns and cities.
Polish supermarket chain operating mid-sized convenience-format grocery stores across smaller towns and cities.
Sells everyday groceries at low prices in towns where large hypermarkets and discounters are scarce, owns many of its store sites, which keeps rent out of its costs, and expands by opening a large number of new stores each year; meat from its own plants forms a distinctive part of the offer. Founder Tomasz Biernacki holds a controlling stake.
In one line: A rural-format grocery chain, like a smaller Dollar General with fresh food.
Moat: narrow (scale, distribution, cost advantage). Dense store network and vertically integrated logistics/meat processing lower costs in underserved smaller towns.
Headquarters: Krotoszyn, Poland · Founded: 1999 · Employees: 55,856
Size Dino Polska (DNP.WA) is a Poland Consumer Staples company (Food Retail) with a market value of $9.36B, the 11th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 37.40 on 6 Nov 2026.
Performance Over six months the shares gained 31.2%, against +9.0% for the median peer and +14.3% for the Poland market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 13.7% over the last twelve months (peer median +2.9%); the operating margin is 5.7% (peer median 4.2%).
Valuation It trades at 22.2× forward earnings against a peer median of 18.5× (6th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.3 points above its cost of capital (11.9% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 35.6B | PLN 33.6B | PLN 29.3B | PLN 25.7B | PLN 19.8B |
| Revenue growth | — | +15% | +14% | +30% | — |
| Gross profit | PLN 8.36B | PLN 7.45B | PLN 6.45B | PLN 5.61B | PLN 4.50B |
| EBITDA | PLN 2.59B | PLN 2.54B | PLN 2.31B | PLN 2.23B | PLN 1.84B |
| Net income | PLN 1.57B | PLN 1.56B | PLN 1.50B | PLN 1.41B | PLN 1.13B |
| Free cash flow | PLN 234M | PLN 161M | PLN 794M | -PLN 153M | -PLN 7.21M |
| Capital expenditure | PLN 2.02B | PLN 2.09B | PLN 1.56B | PLN 1.17B | PLN 1.45B |
| Total debt | PLN 852M | PLN 2.92B | PLN 2.59B | PLN 2.19B | PLN 2.58B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dino Polska DNP.WA | $9.36B | +31% | +14% | 6% | 22.2× | 17.9% |
| Zabka ZAB.WA | $8.11B | +41% | +14% | 8% | 25.3× | 6.3% |
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 | DNP.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.3% | +5.4% | 11th highest of 21 |
| 6-month return | +31.2% | +9.0% | 4th highest of 21 |
| Distance from 52-week high | -18.1% | -8.1% | 8th lowest of 21 |
| Revenue growth (TTM) | +13.7% | +2.9% | 5th highest of 21 |
| Operating margin | 5.7% | 4.2% | 8th highest of 21 |
| Forward P/E | 22.2× | 18.5× | 6th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 17.9% | 0.6% | 3rd most demanding of 20 |
| Growth delivered (Del g) | +27.1% | +4.1% | 4th highest of 20 |
| Hurdle (Req g minus delivered) | -9.2 pp | -5.2 pp | 7th least demanding of 20 |
| ROIC minus cost of capital | +5.3 pp | +3.6 pp | 8th highest of 20 |
| EV / EBITDA | 14.2× | 8.0× | most expensive of 19 |
| Net debt / EBITDA | 0.0× | 2.2× | 4th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dino Polska DNP.WA | Poland | $9.36B | +31% | +14% | 6% | 22.2× | 17.9% | +27.1% |
| MIXUE 2097.HK | Hong Kong | $8.80B | -37% | +35% | 20% | 11.5× | -18.5% | +32.1% |
| J Sainsbury SBRY.L | United Kingdom | $10.4B | +16% | -3% | 3% | 14.9× | 7.8% | +3.0% |
| Zabka ZAB.WA | Poland | $8.11B | +41% | +14% | 8% | 25.3× | 6.3% | +19.3% |
| BBB Foods TBBB | United States | $10.8B | +72% | +52% | 1% | n/a | 49.9% | +37.1% |
| Empire EMP-A.TO | Canada | $7.85B | +7% | +2% | 4% | 13.6× | -2.7% | +2.5% |
| Kesko KESKOA.HE | Finland | $11.3B | +23% | +6% | 5% | 20.6× | 4.8% | +3.2% |
| Guming 1364.HK | Hong Kong | $7.08B | -4% | +47% | 25% | 14.8× | -4.1% | +29.4% |
| Uni-president Enterprises 1216.TW | Taiwan | $13.2B | +11% | +1% | 5% | 17.6× | 0.6% | +8.5% |
| President Chain Store 2912.TW | Taiwan | $6.62B | -6% | +5% | 4% | 17.0× | 3.3% | +6.3% |
| Axfood AXFO.ST | Sweden | $6.26B | +4% | +2% | 3% | 24.3× | 3.2% | +10.7% |
| Albertsons Companies ACI | United States | $6.02B | -20% | +2% | 2% | 7.0× | -3.0% | +3.6% |
| Metro MRU.TO | Canada | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% | +4.1% |
| DFI Retail D01.SI | Singapore | $5.06B | -11% | -3% | 4% | 13.2× | -0.4% | -2.9% |
| Sprouts Farmers Market SFM | United States | $4.53B | -41% | +5% | 7% | 11.3× | -4.0% | +6.4% |
| Kobe Bussan 3038.T | Japan | $4.33B | +15% | +6% | 7% | 21.9× | -4.8% | +10.1% |
| Coles COL.AX | Australia | $21.0B | +7% | +3% | 4% | 24.4× | 5.5% | +3.3% |
| Yonghui Superstores 601933.SS | China | $3.76B | -23% | -16% | -3% | 273.4× | n/a | n/a |
| Ocado OCDO.L | United Kingdom | $3.73B | +77% | -42% | 3% | n/a | 39.1% | -9.9% |
| Distribuidora Internacional de Alimentacion DIA.MC | Spain | $3.15B | +25% | +2% | 3% | 32.6× | 4.9% | -3.6% |
| George Weston WN.TO | Canada | $29.0B | +15% | +4% | 9% | 21.0× | -7.3% | +3.9% |