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Poland's leading online job board operator (Pracuj.pl), also providing recruitment and HR services across Central and Eastern Europe.
Poland's leading online job board operator (Pracuj.pl), also providing recruitment and HR services across Central and Eastern Europe.
Employers pay to post job ads and to search candidate profiles, so revenue follows hiring activity and the number of listings, while job seekers use the site free. The Polish site still carries the group, with recruitment services and Central and Eastern European platforms secondary.
In one line: Poland's LinkedIn/Indeed - leading online job board.
Moat: wide (network effects, brand, scale). Dominant #1 job board brand in Poland with strong employer/job-seeker network effects.
Headquarters: Warsaw, Poland · Founded: 2000
Size Grupa Pracuj spolka akcyjna (GPP.WA) is a Poland Industrials company (Personnel Services) with a market value of $919M, the 43rd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 52.30 on 6 Nov 2026.
Performance Over six months the shares gained 23.2%, against +23.2% for the median peer and +14.3% for the Poland market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median -0.3%); the operating margin is 37.0% (peer median 4.3%).
Valuation It trades at 13.1× forward earnings against a peer median of 15.1× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 81.7 points above its cost of capital (10.1% WACC).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 827M | PLN 811M | PLN 770M | PLN 724M | PLN 609M |
| Revenue growth | — | +5% | +6% | +19% | — |
| Gross profit | PLN 417M | PLN 413M | PLN 384M | PLN 362M | PLN 324M |
| EBITDA | PLN 350M | PLN 350M | PLN 332M | PLN 317M | PLN 269M |
| Net income | PLN 247M | PLN 239M | PLN 204M | PLN 185M | PLN 167M |
| Free cash flow | PLN 315M | PLN 305M | PLN 244M | PLN 273M | PLN 206M |
| Capital expenditure | PLN 28.6M | PLN 28.0M | PLN 24.4M | PLN 22.4M | PLN 15.8M |
| Total debt | PLN 155M | PLN 157M | PLN 246M | PLN 297M | PLN 386M |
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 |
|---|---|---|---|---|---|---|
| Grupa Pracuj spolka akcyjna GPP.WA | $919M | +23% | +5% | 37% | 13.1× | -1.9% |
| Recruit 6098.T | $149B | +133% | +9% | 20% | 30.3× | 22.0% |
| StepStone STEP | $5.73B | -15% | +51% | -53% | 18.1× | n/a |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
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 | GPP.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.8% | -1.5% | 7th lowest of 21 |
| 6-month return | +23.2% | +23.2% | 11th highest of 21 |
| Distance from 52-week high | -11.4% | -15.9% | 6th highest of 21 |
| Revenue growth (TTM) | +4.8% | -0.3% | 8th highest of 21 |
| Operating margin | 37.0% | 4.3% | highest of 21 |
| Forward P/E | 13.1× | 15.1× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.9% | 5.3% | 6th least demanding of 20 |
| Growth delivered (Del g) | +22.1% | +7.1% | 2nd highest of 20 |
| Hurdle (Req g minus delivered) | -24.0 pp | -1.4 pp | 2nd least demanding of 20 |
| ROIC minus cost of capital | +81.7 pp | +7.4 pp | highest of 20 |
| EV / EBITDA | 9.8× | 8.7× | 3rd most expensive of 11 |
| Net debt / EBITDA | -0.5× | -0.9× | 9th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grupa Pracuj spolka akcyjna GPP.WA | Poland | $919M | +23% | +5% | 37% | 13.1× | -1.9% | +22.1% |
| Michael Page PAGE.L | United Kingdom | $896M | +60% | -3% | 2% | 43.4× | 23.5% | +4.1% |
| Kforce KFRC | United States | $970M | +25% | +2% | 5% | 18.0× | 9.8% | -1.0% |
| UT Group Co.,Ltd. 2146.T | Japan | $868M | +22% | -13% | 7% | 16.1× | 6.7% | +7.7% |
| Open Up 2154.T | Japan | $1.11B | +12% | -11% | 10% | 13.1× | -6.5% | +11.1% |
| Synergie SDG.PA | France | $753M | -3% | +5% | 3% | 11.8× | -13.4% | +8.2% |
| Barrett Business Services BBSI | United States | $725M | 0% | +6% | 4% | 18.2× | 1.9% | +7.1% |
| JAC Recruitment 2124.T | Japan | $1.21B | +34% | +12% | 26% | 19.3× | -1.0% | +16.4% |
| Hays HAS.L | United Kingdom | $1.24B | +75% | -3% | 1% | 33.0× | 18.3% | +2.6% |
| Upwork UPWK | United States | $1.26B | +14% | -1% | 18% | 8.9× | -7.1% | +16.1% |
| SMS 2175.T | Japan | $1.31B | +33% | +8% | 11% | 31.1× | 19.2% | +12.5% |
| Beijing Career International 300662.SZ | China | $643M | -10% | +13% | 2% | 12.0× | 10.6% | +29.9% |
| Groupe Crit CEN.PA | France | $534M | -20% | +1% | 3% | 8.3× | n/a | n/a |
| dip 2379.T | Japan | $520M | -17% | -9% | 7% | 68.1× | -1.1% | +11.0% |
| HRnetGroup CHZ.SI | Singapore | $519M | -9% | +1% | 7% | 14.0× | -13.1% | +6.2% |
| Kelly Services KELYA | United States | $507M | +40% | -10% | 1% | 10.2× | 12.8% | -1.2% |
| Quess QUESS.NS | India | $505M | +41% | -12% | 2% | 17.1× | 16.3% | +7.1% |
| en Inc. 4849.T | Japan | $504M | +60% | -11% | 7% | 9.6× | 5.3% | +6.7% |
| SThree STEM.L | United Kingdom | $481M | +65% | -9% | 2% | 42.2× | 10.2% | +1.6% |
| ManpowerGroup MAN | United States | $2.07B | +49% | +7% | 2% | 10.3× | -0.4% | 0.0% |
| Fullcast 4848.T | Japan | $401M | +12% | +33% | 9% | 11.6× | -12.6% | +12.3% |