Loading…
Polish residential and commercial real estate developer building apartments and office/retail projects in major Polish cities.
Polish residential and commercial real estate developer building apartments and office/retail projects in major Polish cities.
Earns when completed apartments are handed over to buyers, not when they are sold, so reported income lags sales by a year or two and depends on the construction schedule. Buyers' deposits, bank loans and bonds fund building. It sells apartments in several large Polish cities, Warsaw and Wroclaw among them.
In one line: A Polish residential and commercial real estate developer.
Moat: none (scale). Competitive Polish residential development market with limited differentiation.
Headquarters: Wroclaw, Poland · Founded: 1996
Size Develia (DVL.WA) is a Poland Real Estate company (Real Estate Development) with a market value of $947M, the 40th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 7.91 on 6 Nov 2026.
Performance Over six months the shares fell 25.9%, against -12.4% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 70.1% over the last twelve months (peer median -3.0%); the operating margin is 23.0% (peer median 2.0%).
Valuation It trades at 8.1× forward earnings against a peer median of 19.7× (2nd cheapest of 10).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 3.22B | PLN 2.08B | PLN 1.80B | PLN 1.61B | PLN 1.08B |
| Revenue growth | — | +16% | +11% | +50% | — |
| Gross profit | PLN 988M | PLN 740M | PLN 613M | PLN 489M | PLN 372M |
| EBITDA | PLN 753M | PLN 536M | PLN 454M | PLN 360M | PLN 294M |
| Net income | PLN 589M | PLN 443M | PLN 380M | PLN 276M | PLN 231M |
| Free cash flow | PLN 309M | PLN 167M | PLN 274M | n/a | PLN 147M |
| Capital expenditure | PLN 7.30M | PLN 7.77M | PLN 17.8M | PLN 6.20M | PLN 3.44M |
| Total debt | PLN 1.09B | PLN 961M | PLN 984M | PLN 954M | PLN 652M |
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 |
|---|---|---|---|---|---|---|
| Develia DVL.WA | $947M | -26% | +70% | 23% | 8.1× | n/a |
| Dom Development DOM.WA | $1.59B | -6% | +14% | 24% | 9.1× | n/a |
| Echo Investment ECH.WA | $569M | +11% | +120% | 19% | 10.1× | n/a |
| Atal 1AT.WA | $668M | -5% | +40% | 26% | 5.7× | -3.9% |
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 | DVL.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.4% | -4.8% | 7th lowest of 21 |
| 6-month return | -25.9% | -12.4% | 10th lowest of 20 |
| Distance from 52-week high | -29.4% | -36.3% | 9th highest of 21 |
| Revenue growth (TTM) | +70.1% | -3.0% | highest of 20 |
| Operating margin | 23.0% | 2.0% | 6th highest of 19 |
| Forward P/E | 8.1× | 19.7× | 2nd cheapest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Develia DVL.WA | Poland | $947M | -26% | +70% | 23% | 8.1× | n/a | n/a |
| HMC Capital HMC.AX | Australia | $946M | +17% | -27% | 27% | 10.4× | n/a | n/a |
| Shanghai Industrial Development 600748.SS | China | $952M | -35% | -3% | 0% | n/a | n/a | n/a |
| Ningbo Fuda 600724.SS | China | $956M | -37% | -18% | 15% | n/a | n/a | n/a |
| PropNex OYY.SI | Singapore | $956M | -9% | +8% | 6% | 17.2× | n/a | n/a |
| Suzhou New District Hi-Tech Industrial 600736.SS | China | $934M | -34% | -30% | -27% | 38.6× | n/a | n/a |
| Hefei Urban Construction Development 002208.SZ | China | $961M | -42% | -14% | -1% | 46.9× | n/a | n/a |
| Heiwa Real Estate 8803.T | Japan | $964M | -6% | +23% | 30% | 12.9× | n/a | n/a |
| SR Medical Technology 0108.HK | Hong Kong | $972M | -10% | +25% | 4% | n/a | n/a | n/a |
| Shunfa Hengneng 000631.SZ | China | $922M | -9% | +9% | n/a | n/a | n/a | n/a |
| Sveafastigheter SVEAF-B.ST | Sweden | $916M | n/a | +8% | 51% | 19.7× | n/a | n/a |
| Jiangsu Dagang 002077.SZ | China | $983M | -32% | +24% | -8% | n/a | n/a | n/a |
| Financial Street 000402.SZ | China | $991M | -30% | -38% | -26% | n/a | n/a | n/a |
| Rongan Property 000517.SZ | China | $898M | -7% | -76% | -46% | n/a | n/a | n/a |
| PEXA PXA.AX | Australia | $896M | -38% | +3% | 13% | 49.9× | n/a | n/a |
| WeWork India Management WEWORK.NS | India | $1.00B | +26% | +25% | 24% | 62.0× | n/a | n/a |
| Shanghai AJ 600643.SS | China | $1.00B | -12% | -41% | -180% | n/a | n/a | n/a |
| Fermi FRMI | United States | $1.01B | -70% | n/a | n/a | n/a | n/a | n/a |
| China Sports Industry 600158.SS | China | $1.01B | -41% | 0% | -9% | n/a | n/a | n/a |
| Bukit Sembawang Estates B61.SI | Singapore | $880M | -10% | -37% | 44% | 4.8× | n/a | n/a |
| Harworth HWG.L | United Kingdom | $879M | +51% | -35% | -31% | n/a | n/a | n/a |