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Poland's Orange-branded telecom operator providing mobile, fixed broadband and pay-TV services nationwide.
Poland's Orange-branded telecom operator providing mobile, fixed broadband and pay-TV services nationwide.
Earns monthly fees on mobile and fixed contracts, increasingly sold as convergent bundles of mobile plus home broadband that reduce customer churn. Its fibre network is held in a joint venture with the Dutch pension fund APG, formed in 2022, which sells wholesale access to others. Orange SA, the French group, holds a majority of the shares.
In one line: Poland's Orange-branded telecom operator (mobile, broadband, TV).
Moat: narrow (installed base, scale, brand). Established national network infrastructure and the Orange global brand.
Headquarters: Warsaw, Poland · Founded: 1991 · Employees: 8,532
Size Orange Polska (OPL.WA) is a Poland Communication Services company (Wireless Telecommunications) with a market value of $5.53B, the 18th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 16.52 on 6 Nov 2026.
Performance Over six months the shares gained 6.7%, against -17.6% for the median peer and +14.3% for the Poland market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 5.4% over the last twelve months (peer median +2.5%); the operating margin is 9.0% (peer median 13.1%).
Valuation It trades at 19.4× forward earnings against a peer median of 17.5× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.8 points below its cost of capital (8.6% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 13.8B | PLN 13.1B | PLN 12.7B | PLN 13.0B | PLN 12.5B |
| Revenue growth | — | +3% | -2% | +4% | — |
| Gross profit | PLN 1.32B | PLN 1.08B | PLN 1.14B | PLN 1.22B | PLN 1.10B |
| EBITDA | PLN 4.01B | PLN 3.26B | PLN 3.21B | PLN 3.23B | PLN 3.08B |
| Net income | PLN 973M | PLN 762M | PLN 913M | PLN 818M | PLN 724M |
| Free cash flow | PLN 1.60B | PLN 769M | PLN 1.05B | PLN 1.16B | PLN 616M |
| Capital expenditure | PLN 1.97B | PLN 2.83B | PLN 2.36B | PLN 2.29B | PLN 2.32B |
| Total debt | PLN 7.32B | PLN 7.26B | PLN 7.22B | PLN 7.29B | PLN 7.79B |
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 |
|---|---|---|---|---|---|---|
| Orange Polska OPL.WA | $5.53B | +7% | +5% | 9% | 19.4× | 13.2% |
| Cyfrowy Polsat CPS.WA | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% |
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 | OPL.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.8% | -2.0% | 3rd highest of 21 |
| 6-month return | +6.7% | -17.6% | 5th highest of 20 |
| Distance from 52-week high | -2.9% | -30.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +5.4% | +2.5% | 10th highest of 21 |
| Operating margin | 9.0% | 13.1% | 9th lowest of 21 |
| Forward P/E | 19.4× | 17.5× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 13.2% | 2.6% | 4th most demanding of 16 |
| Growth delivered (Del g) | +2.7% | +4.7% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | +10.5 pp | -3.2 pp | 3rd most demanding of 15 |
| ROIC minus cost of capital | -3.8 pp | +0.5 pp | 8th lowest of 21 |
| EV / EBITDA | 7.2× | 7.5× | 8th cheapest of 18 |
| Net debt / EBITDA | 1.8× | 1.8× | 10th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Orange Polska OPL.WA | Poland | $5.53B | +7% | +5% | 9% | 19.4× | 13.2% | +2.7% |
| TPG Telecom TPG.AX | Australia | $5.58B | +1% | -5% | 8% | 34.8× | 8.1% | +3.0% |
| Elisa ELISA.HE | Finland | $6.11B | -17% | 0% | 20% | 14.3× | -2.7% | +3.6% |
| VEON Ltd. Sponsored ADR VEON | United States | $4.95B | +57% | +15% | 23% | 11.2× | -4.8% | -9.1% |
| Turkcell Iletisim Hizmetleri A.S. Sponsored ADR TKC | United States | $4.02B | -31% | +16% | 15% | 8.0× | -12.0% | +8.1% |
| Sunrise Communications SUNN.SW | Switzerland | $3.92B | +2% | -1% | 3% | n/a | 21.2% | n/a |
| TIM S.A. Sponsored ADR TIMB | United States | $8.61B | -24% | +14% | 25% | 9.4× | -12.4% | +7.3% |
| Telephone and Data Systems TDS | United States | $3.54B | -29% | -74% | -3% | 92.2× | n/a | n/a |
| Bharti Hexacom BHARTIHEXA.NS | India | $8.84B | +10% | +8% | 29% | 36.6× | 33.4% | +15.2% |
| Guangzhou Haige Communications 002465.SZ | China | $3.43B | -38% | +1% | -16% | n/a | n/a | n/a |
| PT Telkom Indonesia (Persero) Tbk Sponsored ADR TLK | United States | $10.3B | -35% | -3% | 24% | 9.5× | -16.1% | -1.1% |
| Globalstar GSAT | United States | $10.9B | +3% | +8% | 5% | n/a | n/a | n/a |
| Array Digital Infrastructure AD | United States | $2.59B | -46% | -94% | 1% | 27.6× | n/a | n/a |
| SKTelecom 017670.KS | South Korea | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% | +1.2% |
| Far Eastone Telecommunications 4904.TW | Taiwan | $12.2B | +17% | +10% | 15% | 26.1× | 3.8% | +6.8% |
| Airtel Africa AAF.L | United Kingdom | $13.5B | -33% | +27% | 34% | 14.6× | -1.2% | +10.0% |
| Telecom Italia TIT.MI | Italy | $13.6B | -20% | 0% | 11% | 31.8× | 5.3% | -2.8% |
| Millicom International Cellular TIGO | United States | $13.9B | +3% | +29% | 23% | 22.9× | 3.6% | +6.9% |
| Digi Spain Telecom, S.A. Unipersonal DIGIS.MC | Spain | $2.16B | n/a | +19% | 6% | n/a | n/a | n/a |
| TELUS T.TO | Canada | $14.5B | -27% | -1% | 15% | 17.5× | 2.6% | +5.8% |
| Vodafone Idea IDEA.NS | India | $14.6B | +14% | +3% | -6% | n/a | 29.6% | +1.3% |