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← CockpitCompetitor Analysis › PXM.WA Polimex - Mostostal SAOpen in the cockpit ↗

Polimex - Mostostal SAPXM.WACompetitor analysis, valuation and peers

Poland · PLN·Industrials›Engineering & Construction
Momentum laggard 17
Mkt cap
$462M
US dollars, full cap
Free float
37%
of shares outstanding
$/day
$865,642
20-day average traded
Fwd P/E
13.8×
forward earnings
ROIC−WACC
+50.6 pp
WACC 13.0%
Hurdle
-18 pp
Req g minus delivered
Next earnings
11 days
17 Nov 2026
Close · PLNPLN 6.89
1D-0.4%
1W-6.3%
1M-3.8%
3M-11.8%
6M-13.6%
YTD-17.0%
1Y+11.5%
ATR %3.9%
52w lowhigh30.9% off high

What Polimex - Mostostal does

Employees: 4,413

Polimex - Mostostal at a glance

Size Polimex - Mostostal (PXM.WA) is a Poland Industrials company (Engineering & Construction) with a market value of $462M, the 61st largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 6.89 on 6 Nov 2026.

Performance Over six months the shares fell 13.6%, against -14.7% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 20.6% over the last twelve months (peer median -3.6%); the operating margin is 4.1% (peer median 2.9%).

Valuation It trades at 13.8× forward earnings against a peer median of 14.2× (4th cheapest of 8).

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 +21%, so the hurdle is -18 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 50.6 points above its cost of capital (13.0% WACC).

Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026PXM.WA 85Peer median 85
Six months, rebased to 100: Polimex - Mostostal against the median of its 20 peers (local-currency closes).

Polimex - Mostostal financials

Reported figures in PLN; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenuePLN 4.09BPLN 4.13BPLN 2.86BPLN 3.01BPLN 3.78B
Revenue growth—+45%-5%-20%—
Gross profitPLN 321MPLN 333M-PLN 262M-PLN 29.1MPLN 278M
EBITDAPLN 227MPLN 245M-PLN 338M-PLN 97.5MPLN 209M
Net incomePLN 117MPLN 134M-PLN 349M-PLN 123MPLN 132M
Free cash flowPLN 17.4MPLN 224MPLN 213M-PLN 419MPLN 84.6M
Capital expenditurePLN 79.3MPLN 38.7MPLN 34.7MPLN 35.9MPLN 20.3M
Total debtPLN 95.3MPLN 121MPLN 153MPLN 222MPLN 241M

Quarterly statements and history in the cockpit →

Polimex - Mostostal 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

-40%-20%0%-20%-10%0%25306034586035596038436005123007460026280020371976BBCP18820025512543DOM1899688509SYLPRAJINDAMP603357PXM.WA6-month return →1-month return →
Up and to the right = strong over both horizons. Polimex - Mostostal is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%0×20×40×60×2530BBCPDOMSYLPRAJINDAMP603357PXM.WARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Polimex - Mostostal is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-25%0%25%50%6034583007460026281976BBCP18821899688509SYLPRAJINDPXM.WAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Polimex - Mostostal is the large dot.

Polimex - Mostostal competitors and peer comparison

How Polimex - Mostostal 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.

Polimex - Mostostal against its 20 peers (data as of 6 Nov 2026)
MeasurePXM.WAPeer medianRank in peer set
1-month return-3.8%-8.4%7th highest of 21
6-month return-13.6%-14.7%10th highest of 21
Distance from 52-week high-30.9%-32.3%11th highest of 21
Revenue growth (TTM)+20.6%-3.6%4th highest of 21
Operating margin4.1%2.9%11th highest of 21
Forward P/E13.8×14.2×4th cheapest of 8
Growth the price implies (Req g, 7 yrs)2.2%4.7%7th least demanding of 13
Growth delivered (Del g)+20.7%+1.0%highest of 13
Hurdle (Req g minus delivered)-18.5 pp+0.7 ppleast demanding of 13
ROIC minus cost of capital+50.6 pp-5.4 pphighest of 21
EV / EBITDA5.4×8.0×4th cheapest of 11
Net debt / EBITDA-2.6×-0.1×4th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Polimex - Mostostal PXM.WAPoland$462M-14%+21%4%13.8×2.2%+20.7%
Delpha Construction 2530.TWTaiwan$462M-11%-59%26%2.3×n/an/a
Guizhou Transportation Planning Survey & Design Academe 603458.SSChina$462M-14%-19%-35%n/a-0.4%-13.7%
Zhongtongguomai Communication 603559.SSChina$455M-1%+1%-18%n/an/an/a
Zhengping Road & Bridge Construction 603843.SSChina$469M-50%-15%-18%n/an/an/a
Tengda Construction 600512.SSChina$452M-21%+32%-3%n/an/an/a
Hanjia Digital Intelligence Science and Technology 300746.SZChina$452M+7%-2%0%n/a47.6%-10.5%
Chengdu Road & Bridge Engineering 002628.SZChina$472M-24%+1%-23%n/a24.8%-16.2%
Poly Union Chemical 002037.SZChina$477M-23%-11%-8%n/an/an/a
Meisei Industrial 1976.TJapan$478M-12%-5%13%n/a-9.6%+3.6%
Concrete Pumping BBCPUnited States$479M+20%+7%12%32.6×9.9%+5.2%
TOA ROAD 1882.TJapan$479M-4%-4%5%n/a-8.4%+1.6%
Shenzhen Glory Medical 002551.SZChina$479M-17%-3%-17%n/an/an/a
Hwang Chang General Contractor 2543.TWTaiwan$480M-32%+31%14%n/an/an/a
Global Dominion Access DOM.MCSpain$442M-16%-10%6%14.2×-7.5%+0.3%
Fukuda 1899.TJapan$483M+10%+6%6%n/a-19.9%-2.0%
Zhengyuan Geomatics 688509.SSChina$440M-16%-22%-44%n/a30.4%-19.7%
Symal SYL.AXAustralia$439M+2%+28%4%10.2×14.7%+17.9%
PRAJ Industries PRAJIND.NSIndia$486M-38%+2%2%35.5×49.1%+19.4%
Amper AMP.MCSpain$437M-8%-37%7%57.7×n/an/a
Anhui Transport Consulting & Design Institute 603357.SSChina$436M-31%-39%12%10.2×-7.3%+5.7%

Questions

Which companies are Polimex - Mostostal's closest peers?
The cockpit's peer set: Delpha Construction (2530.TW), Guizhou Transportation Planning Survey & Design Academe (603458.SS), Zhongtongguomai Communication (603559.SS), Zhengping Road & Bridge Construction (603843.SS), Tengda Construction (600512.SS), Hanjia Digital Intelligence Science and Technology (300746.SZ), Chengdu Road & Bridge Engineering (002628.SZ), Poly Union Chemical (002037.SZ).
Is Polimex - Mostostal expensive compared with its peers?
On forward p/e it trades at 13.8× against a peer median of 14.2×, 4th cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -18 pp: the price already allows for a slowdown.
How has Polimex - Mostostal stock performed?
Over six months to 6 Nov 2026 the shares returned -13.6% against -14.7% for the median peer; over one year +11.5%.

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.