Employees: 4,413
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 4.09B | PLN 4.13B | PLN 2.86B | PLN 3.01B | PLN 3.78B |
| Revenue growth | — | +45% | -5% | -20% | — |
| Gross profit | PLN 321M | PLN 333M | -PLN 262M | -PLN 29.1M | PLN 278M |
| EBITDA | PLN 227M | PLN 245M | -PLN 338M | -PLN 97.5M | PLN 209M |
| Net income | PLN 117M | PLN 134M | -PLN 349M | -PLN 123M | PLN 132M |
| Free cash flow | PLN 17.4M | PLN 224M | PLN 213M | -PLN 419M | PLN 84.6M |
| Capital expenditure | PLN 79.3M | PLN 38.7M | PLN 34.7M | PLN 35.9M | PLN 20.3M |
| Total debt | PLN 95.3M | PLN 121M | PLN 153M | PLN 222M | PLN 241M |
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.
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 | PXM.WA | Peer median | Rank 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 margin | 4.1% | 2.9% | 11th highest of 21 |
| Forward P/E | 13.8× | 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 pp | least demanding of 13 |
| ROIC minus cost of capital | +50.6 pp | -5.4 pp | highest of 21 |
| EV / EBITDA | 5.4× | 8.0× | 4th cheapest of 11 |
| Net debt / EBITDA | -2.6× | -0.1× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Polimex - Mostostal PXM.WA | Poland | $462M | -14% | +21% | 4% | 13.8× | 2.2% | +20.7% |
| Delpha Construction 2530.TW | Taiwan | $462M | -11% | -59% | 26% | 2.3× | n/a | n/a |
| Guizhou Transportation Planning Survey & Design Academe 603458.SS | China | $462M | -14% | -19% | -35% | n/a | -0.4% | -13.7% |
| Zhongtongguomai Communication 603559.SS | China | $455M | -1% | +1% | -18% | n/a | n/a | n/a |
| Zhengping Road & Bridge Construction 603843.SS | China | $469M | -50% | -15% | -18% | n/a | n/a | n/a |
| Tengda Construction 600512.SS | China | $452M | -21% | +32% | -3% | n/a | n/a | n/a |
| Hanjia Digital Intelligence Science and Technology 300746.SZ | China | $452M | +7% | -2% | 0% | n/a | 47.6% | -10.5% |
| Chengdu Road & Bridge Engineering 002628.SZ | China | $472M | -24% | +1% | -23% | n/a | 24.8% | -16.2% |
| Poly Union Chemical 002037.SZ | China | $477M | -23% | -11% | -8% | n/a | n/a | n/a |
| Meisei Industrial 1976.T | Japan | $478M | -12% | -5% | 13% | n/a | -9.6% | +3.6% |
| Concrete Pumping BBCP | United States | $479M | +20% | +7% | 12% | 32.6× | 9.9% | +5.2% |
| TOA ROAD 1882.T | Japan | $479M | -4% | -4% | 5% | n/a | -8.4% | +1.6% |
| Shenzhen Glory Medical 002551.SZ | China | $479M | -17% | -3% | -17% | n/a | n/a | n/a |
| Hwang Chang General Contractor 2543.TW | Taiwan | $480M | -32% | +31% | 14% | n/a | n/a | n/a |
| Global Dominion Access DOM.MC | Spain | $442M | -16% | -10% | 6% | 14.2× | -7.5% | +0.3% |
| Fukuda 1899.T | Japan | $483M | +10% | +6% | 6% | n/a | -19.9% | -2.0% |
| Zhengyuan Geomatics 688509.SS | China | $440M | -16% | -22% | -44% | n/a | 30.4% | -19.7% |
| Symal SYL.AX | Australia | $439M | +2% | +28% | 4% | 10.2× | 14.7% | +17.9% |
| PRAJ Industries PRAJIND.NS | India | $486M | -38% | +2% | 2% | 35.5× | 49.1% | +19.4% |
| Amper AMP.MC | Spain | $437M | -8% | -37% | 7% | 57.7× | n/a | n/a |
| Anhui Transport Consulting & Design Institute 603357.SS | China | $436M | -31% | -39% | 12% | 10.2× | -7.3% | +5.7% |