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Pan-European discount variety retailer operating Pepco, Poundland and Dealz stores, listed in Warsaw.
Pan-European discount variety retailer operating Pepco, Poundland and Dealz stores, listed in Warsaw.
Sells low-priced clothing, homeware and toys, largely own-label goods sourced from Asia, in small stores where cheap prices and fast stock turnover are the draw, so purchasing power matters most. Pepco, its central and eastern European chain, is the larger business; Poundland in the UK has needed a turnaround.
In one line: A European Dollar Tree/Five Below.
Moat: narrow (scale, cost advantage, distribution). Low-cost sourcing and dense discount-store networks across CEE and UK/Ireland.
Headquarters: Poznan, Poland (Amsterdam-registered) · Founded: 2004
Size Pepco Group BV (PCO.WA) is a Poland Consumer Discretionary company (Specialty Stores) with a market value of $7.18B, the 14th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 48.70 on 6 Nov 2026.
Performance Over six months the shares gained 58.4%, against +9.3% for the median peer and +14.3% for the Poland market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 42.4% over the last twelve months (peer median +3.9%); the operating margin is 15.2% (peer median 5.0%).
Valuation It trades at 16.8× forward earnings against a peer median of 13.5× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +0 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 11.8 points above its cost of capital (10.2% WACC).
Next results Next results expected around 9 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 15.5B | PLN 19.3B | PLN 18.0B | PLN 25.9B | PLN 22.5B |
| Revenue growth | — | +7% | -30% | +15% | — |
| Gross profit | PLN 8.27B | PLN 9.22B | PLN 8.46B | PLN 10.4B | PLN 9.17B |
| EBITDA | PLN 3.88B | PLN 3.72B | PLN 3.20B | PLN 3.31B | PLN 3.22B |
| Net income | PLN 2.12B | PLN 730M | -PLN 3.33B | PLN 447M | PLN 809M |
| Free cash flow | PLN 3.44B | PLN 2.85B | PLN 2.80B | PLN 1.29B | PLN 631M |
| Capital expenditure | PLN 388M | PLN 408M | PLN 645M | PLN 1.77B | PLN 1.05B |
| Total debt | n/a | PLN 7.22B | PLN 8.74B | PLN 9.35B | PLN 8.46B |
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 |
|---|---|---|---|---|---|---|
| Pepco Group BV PCO.WA | $7.18B | +58% | -42% | 15% | 16.8× | 4.6% |
| B&M European Value Retail BME.L | $3.79B | +71% | +4% | 8% | 12.9× | -0.6% |
| Dollar Tree DLTR | $24.6B | +39% | -8% | 11% | 19.1× | 0.1% |
| Lpp LPP.WA | $13.0B | +36% | +15% | 13% | 17.4× | 17.5% |
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 | PCO.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.5% | +5.7% | 7th highest of 21 |
| 6-month return | +58.4% | +9.3% | highest of 21 |
| Distance from 52-week high | -4.7% | -16.1% | 4th highest of 21 |
| Revenue growth (TTM) | -42.4% | +3.9% | lowest of 21 |
| Operating margin | 15.2% | 5.0% | 2nd highest of 21 |
| Forward P/E | 16.8× | 13.5× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | 0.6% | 7th most demanding of 17 |
| Growth delivered (Del g) | +4.5% | +8.0% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | +0.1 pp | -4.0 pp | 5th most demanding of 17 |
| ROIC minus cost of capital | +11.8 pp | +1.5 pp | 4th highest of 21 |
| EV / EBITDA | 9.3× | 9.6× | 7th cheapest of 18 |
| Net debt / EBITDA | 2.0× | 2.7× | 6th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pepco Group BV PCO.WA | Poland | $7.18B | +58% | -42% | 15% | 16.8× | 4.6% | +4.5% |
| CarMax KMX | United States | $7.31B | +28% | +4% | 2% | 15.5× | 17.6% | +6.7% |
| Lithia Motors LAD | United States | $6.68B | +5% | +1% | 4% | 8.0× | n/a | n/a |
| Kalyan Jewellers India KALYANKJIL.NS | India | $6.47B | +44% | +46% | 6% | 37.6× | n/a | n/a |
| Ultrapar Participacoes S.A. Sponsored ADR UGP | United States | $6.12B | -11% | +20% | 5% | 7.0× | -12.6% | +12.2% |
| AutoNation AN | United States | $5.88B | -11% | -2% | 5% | 8.3× | n/a | n/a |
| Frasers FRAS.L | United Kingdom | $5.64B | +44% | +8% | 7% | 9.1× | n/a | n/a |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| Murphy USA MUSA | United States | $9.45B | -10% | +20% | 4% | 17.5× | -9.4% | +11.5% |
| Sanrio 8136.T | Japan | $9.78B | +33% | +28% | 39% | 22.4× | 1.9% | +36.4% |
| PriceSmart PSMT | United States | $5.02B | +3% | +12% | 5% | 27.2× | 10.5% | +10.2% |
| Carrefour CA.PA | France | $11.1B | -21% | -8% | 3% | 8.4× | -1.2% | +3.1% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
| Nitori 9843.T | Japan | $11.7B | +47% | 0% | 13% | 20.0× | 2.7% | +4.9% |
| Signet Jewelers SIG | United States | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% | +5.4% |
| Bath & Body Works BBWI | United States | $4.31B | +8% | -2% | 15% | 8.3× | -8.8% | +2.5% |
| Academy Sports and Outdoors ASO | United States | $4.14B | +24% | +4% | 10% | 9.9× | -1.2% | +1.2% |
| Dick's Sporting Goods DKS | United States | $12.5B | -35% | +54% | 6% | 11.8× | 8.7% | +12.4% |
| BJ's Wholesale Club BJ | United States | $13.8B | +18% | +9% | 4% | 22.4× | -0.7% | +6.8% |
| Penske Automotive PAG | United States | $13.9B | +22% | +6% | 3% | 15.2× | 12.6% | +9.2% |
| Asbury Automotive ABG | United States | $3.64B | +1% | -1% | 5% | 7.6× | -2.4% | +20.3% |