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Cpi Fim S.a.OPG.WACompetitor analysis, valuation and peers

Poland · PLN·Real Estate›Real Estate Investment Trusts

Luxembourg-based real estate company, majority owned by CPI Property Group, owning offices, apartments and hotels across Poland and Czechia.

≈ A CEE commercial/residential real estate owner (CPI Property Group subsidiary)Momentum weak 24
Mkt cap
$1.00B
US dollars, full cap
Free float
3%
of shares outstanding
$/day
$143
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 7.1%
Hurdle
n/a
no reverse DCF
Close · PLNPLN 3.24
1D0.0%
1W-1.2%
1M0.0%
3M-8.5%
6M-16.5%
YTD-29.6%
1Y-29.9%
ATR %2.1%
52w lowhigh34.9% off high

What Cpi Fim does

Luxembourg-based real estate company, majority owned by CPI Property Group, owning offices, apartments and hotels across Poland and Czechia.

Rent from office tenants is the base, with hotels and serviced apartments adding room income that varies with travel, and apartment sales adding profit when development projects complete. It is the former Orco Property Group, renamed after the CPI group took control.

In one line: A CEE commercial/residential real estate owner (CPI Property Group subsidiary).

Products and services

  • Office building ownership/leasing
  • Apartment/residential-for-sale development
  • Hotels & serviced apartments

Customers

  • Corporate office tenants
  • Hotel guests
  • Individual homebuyers in Poland/Czech Republic

Where it sits in the supply chain

  • Real estate
  • Commercial & residential property
  • Office, hotel & apartment ownership

What could go right

  • CEE office/residential real estate recovery
  • Parent group refinancing support

What could go wrong

  • High leverage/parent group debt concerns
  • Interest rate impact on property valuations

Moat: narrow (scale, installed base). Backed by parent CPI Property Group's large CEE real estate portfolio and financing scale.

Headquarters: Luxembourg City, Luxembourg · Founded: 1991 · Employees: 9

Named competitors

  • Globalworth Real Estate private or unlisted
  • Immofinanz private or unlisted
  • S IMMO private or unlisted

Cpi Fim at a glance

Size Cpi Fim (OPG.WA) is a Poland Real Estate company (Real Estate Investment Trusts) with a market value of $1.00B, the 39th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 3.24 on 6 Nov 2026.

Performance Over six months the shares fell 16.5%, against -14.3% for the median peer and +14.3% for the Poland market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue fell 34.8% over the last twelve months (peer median +3.5%); the operating margin is 62.1% (peer median 43.8%).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 88OPG.WA 84
Six months, rebased to 100: Cpi Fim against the median of its 20 peers (local-currency closes).

Cpi Fim financials

Reported figures in PLN; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenuePLN 518MPLN 554MPLN 643MPLN 242MPLN 220M
Revenue growth—-14%+166%+10%—
Gross profitPLN 393MPLN 302MPLN 214MPLN 143MPLN 151M
EBITDAPLN 243MPLN 238MPLN 184MPLN 110MPLN 119M
Net incomePLN 772MPLN 397MPLN 336MPLN 202MPLN 690M
Free cash flown/a-PLN 53.3MPLN 682MPLN 57.8MPLN 793M
Capital expendituren/aPLN 3.58MPLN 2.77MPLN 1.44MPLN 10.5M
Total debtPLN 6.36BPLN 7.57BPLN 17.9BPLN 22.4BPLN 23.0B

Quarterly statements and history in the cockpit →

Cpi Fim competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%-10%0%+10%H13CY6UCSR395400WHANTDUSKGORC3481WPR8966AREIT8956DEADGT8968MPTESRTGOZOPG.WA6-month return →1-month return →
Up and to the right = strong over both horizons. Cpi Fim is the large dot.

Cpi Fim competitors and peer comparison

How Cpi Fim compares with its peers

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.

Cpi Fim against its 20 peers (data as of 6 Nov 2026)
MeasureOPG.WAPeer medianRank in peer set
1-month return0.0%-1.6%9th highest of 21
6-month return-16.5%-14.3%6th lowest of 21
Distance from 52-week high-34.9%-22.3%3rd lowest of 21
Revenue growth (TTM)-34.8%+3.5%lowest of 21
Operating margin62.1%43.8%6th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Cpi Fim OPG.WAPoland$1.00B-16%-35%62%n/an/an/a
Ho Bee Land H13.SISingapore$978M-13%+5%52%n/an/an/a
CapitaLand India Trust CY6U.SISingapore$1.03B-15%-2%43%n/an/an/a
Japan Excellent 8987.TJapan$1.04B-13%-18%32%n/an/an/a
Centerspace CSRUnited States$963M-15%+15%42%n/an/an/a
SK REIT 395400.KSSouth Korea$1.04B-30%+15%89%n/an/an/a
Wereldhave WHA.ASNetherlands$956M-15%+10%64%n/an/an/a
Ntt Dc REIT NTDU.SISingapore$955M-9%-8%9%n/an/an/a
Storage King SKG.AXAustralia$1.05B-17%0%45%n/an/an/a
Orchid Island Capital ORCUnited States$953M-30%+83%64%n/an/an/a
Mitsubishi Estate Logistics REIT Investment 3481.TJapan$952M-17%-4%46%n/an/an/a
Waypoint REIT WPR.AXAustralia$1.05B-2%-1%100%n/an/an/a
Heiwa Real Estate REIT 8966.TJapan$1.06B-15%+24%45%n/an/an/a
Altareit AREIT.PAFrance$1.06B-9%-20%-2%n/an/an/a
NTT UD REIT Investment 8956.TJapan$1.06B-16%+14%29%n/an/an/a
Easterly Government Properties DEAUnited States$1.06B-4%+11%24%n/an/an/a
Digico Infrastructure REIT DGT.AXAustralia$941M-10%+90%-4%n/an/an/a
Fukuoka Reit 8968.TJapan$929M-7%-3%40%n/an/an/a
Medical Properties Trust MPTUnited States$1.08B-65%+11%58%n/an/an/a
Empire State Realty Trust ESRTUnited States$919M-7%+2%16%n/an/an/a
Growthpoint Properties Australia GOZ.AXAustralia$1.09B-2%0%70%n/an/an/a

Questions

Who are Cpi Fim's main competitors?
Named competitors: Globalworth Real Estate (private or unlisted), Immofinanz (private or unlisted), S IMMO (private or unlisted). The cockpit's measured peer set (industry) also includes Ho Bee Land (H13.SI), CapitaLand India Trust (CY6U.SI), Japan Excellent (8987.T), Centerspace (CSR), SK REIT (395400.KS), Wereldhave (WHA.AS).
How has Cpi Fim stock performed?
Over six months to 6 Nov 2026 the shares returned -16.5% against -14.3% for the median peer; over one year -29.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.