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Poland's largest debt-collection company, buying and managing non-performing consumer and corporate debt portfolios across CEE.
Poland's largest debt-collection company, buying and managing non-performing consumer and corporate debt portfolios across CEE.
Buys overdue debts from banks and other creditors at a discount to face value, collects over the years through calls, settlements and court action, and books income as expected collections are revised. Poland is the home market, with other European countries added.
In one line: Poland's largest debt-collection/receivables management company.
Moat: narrow (scale, process know-how, data). Large proprietary debt-collection data/analytics and scale in purchasing NPL portfolios across CEE.
Headquarters: Wroclaw, Poland · Founded: 1998 · Employees: 3,631
Size Kruk (KRU.WA) is a Poland Industrials company (Miscellaneous Commercial Services) with a market value of $1.65B, the 32nd largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 331.00 on 6 Nov 2026.
Performance Over six months the shares fell 22.1%, against -1.1% for the median peer and +14.3% for the Poland market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 7.6% over the last twelve months (peer median +7.3%); the operating margin is 76.6% (peer median 11.8%).
Valuation It trades at 6.9× forward earnings against a peer median of 20.0× (2nd cheapest of 17).
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 +17%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (8.7% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 2.65B | PLN 2.50B | PLN 2.21B | PLN 1.87B | PLN 1.49B |
| Revenue growth | — | +13% | +19% | +25% | — |
| Gross profit | PLN 2.47B | PLN 2.34B | PLN 2.06B | PLN 1.74B | PLN 1.37B |
| EBITDA | PLN 1.66B | PLN 1.51B | PLN 1.35B | PLN 1.02B | PLN 757M |
| Net income | PLN 961M | PLN 1.09B | PLN 1.07B | PLN 984M | PLN 805M |
| Free cash flow | PLN 1.02B | PLN 1.07B | -PLN 849M | PLN 1.05B | PLN 840M |
| Capital expenditure | PLN 132M | PLN 93.4M | PLN 43.2M | PLN 42.6M | PLN 34.3M |
| Total debt | PLN 7.47B | PLN 7.23B | PLN 6.63B | PLN 5.53B | PLN 3.95B |
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 |
|---|---|---|---|---|---|---|
| Kruk KRU.WA | $1.65B | -22% | +8% | 77% | 6.9× | -2.1% |
| Intrum INTRUM.ST | $645M | -53% | -4% | 28% | n/a | -8.9% |
| PRA PRAA | $486M | -33% | +12% | 37% | 5.1× | n/a |
| Encore Capital ECPG | $2.42B | +36% | +29% | 38% | 7.1× | n/a |
| Hoist Finance HOFI.ST | $1.79B | +29% | +16% | 30% | 11.9× | n/a |
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 | KRU.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | +2.0% | 4th lowest of 21 |
| 6-month return | -22.1% | -1.1% | 7th lowest of 21 |
| Distance from 52-week high | -35.1% | -34.4% | 11th highest of 21 |
| Revenue growth (TTM) | +7.6% | +7.3% | 11th highest of 21 |
| Operating margin | 76.6% | 11.8% | highest of 21 |
| Forward P/E | 6.9× | 20.0× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -2.1% | 9.1% | 5th least demanding of 15 |
| Growth delivered (Del g) | +16.8% | +7.0% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | -18.9 pp | -3.6 pp | least demanding of 15 |
| ROIC minus cost of capital | +1.1 pp | +1.3 pp | 10th highest of 19 |
| EV / EBITDA | 8.2× | 12.4× | 4th cheapest of 11 |
| Net debt / EBITDA | 4.3× | 1.4× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kruk KRU.WA | Poland | $1.65B | -22% | +8% | 77% | 6.9× | -2.1% | +16.8% |
| Healthcare Services HCSG | United States | $1.64B | +5% | +4% | 6% | 20.6× | 3.4% | +0.9% |
| Guangdong Feinan Resources Recycling 301500.SZ | China | $1.68B | -31% | +42% | 7% | n/a | n/a | n/a |
| PharmaBlock Sciences (Nanjing) 300725.SZ | China | $1.61B | +16% | +11% | 11% | 44.6× | 27.8% | +14.1% |
| Visual China 000681.SZ | China | $1.71B | -25% | -9% | 4% | 44.0× | n/a | n/a |
| eClerx Services ECLERX.NS | India | $1.59B | 0% | +22% | 20% | 19.4× | 17.2% | +21.4% |
| GRG Metrology & Test 002967.SZ | China | $1.72B | -16% | +13% | 13% | 22.7× | 3.9% | +14.4% |
| MEITEC 9744.T | Japan | $1.57B | +3% | +2% | 14% | 18.7× | -4.6% | +7.3% |
| Ipsos IPS.PA | France | $1.74B | -3% | +3% | 12% | 7.0× | -10.8% | +6.6% |
| Offcn Education Technology 002607.SZ | China | $1.56B | -36% | -2% | 13% | 38.8× | 17.7% | -27.6% |
| AEM AWX.SI | Singapore | $1.55B | -18% | +15% | 11% | 23.4× | 15.4% | -5.1% |
| Choice International CHOICEIN.NS | India | $1.76B | +8% | +34% | 27% | 49.8× | n/a | n/a |
| Yangzhou Tinfulong 603406.SS | China | $1.53B | -25% | -4% | 12% | n/a | 7.5% | +10.6% |
| Syngene International SYNGENE.NS | India | $1.78B | -11% | -6% | 13% | 67.8× | 35.3% | +11.4% |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 14.6× | 10.8% | +21.0% |
| Prosegur Compania de Seguridad PSG.MC | Spain | $1.79B | +9% | +1% | 6% | 11.8× | -5.3% | +6.7% |
| China Conch Venture 0586.HK | Hong Kong | $1.79B | -36% | +21% | 18% | 5.5× | n/a | n/a |
| Hoist Finance HOFI.ST | Sweden | $1.79B | +29% | +16% | 30% | 11.9× | n/a | n/a |
| Beijing Orient EcoEnergy 002310.SZ | China | $1.81B | -24% | +35% | 12% | n/a | 36.4% | -47.6% |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 12.7× | -2.2% | +6.3% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | n/a | n/a | n/a |