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Polish state-controlled electric utility with coal and renewable generation, power distribution and retail sales in southern Poland.
Polish state-controlled electric utility with coal and renewable generation, power distribution and retail sales in southern Poland.
Distribution, where Poland's regulator sets the tariff the grid operator may charge, is the steadiest earner, while generation depends on power prices, coal costs and the price of carbon permits. It supplies customers through its own sales arm and runs mines to feed its coal plants.
In one line: A Polish state-controlled electric utility (generation & distribution).
Moat: narrow (regulatory licence, installed base). Regulated distribution grid monopoly, though generation fleet faces coal transition costs.
Headquarters: Katowice, Poland · Founded: 2007 · Employees: 19,096
Size TAURON Polska Energia (TPE.WA) is a Poland Utilities company (Electric Utilities) with a market value of $4.02B, the 24th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 9.00 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -8.3% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +4.4%).
Valuation It trades at 6.1× forward earnings against a peer median of 12.6× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +7 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.
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 35.1B | PLN 34.4B | PLN 35.4B | PLN 50.0B | PLN 36.8B |
| Revenue growth | — | -3% | -29% | +36% | — |
| Gross profit | n/a | PLN 6.37B | PLN 5.31B | PLN 4.29B | PLN 1.90B |
| EBITDA | n/a | PLN 7.48B | PLN 6.45B | PLN 5.43B | PLN 3.02B |
| Net income | PLN 3.00B | PLN 3.31B | PLN 585M | PLN 1.12B | -PLN 134M |
| Free cash flow | n/a | PLN 510M | PLN 2.64B | -PLN 922M | -PLN 1.53B |
| Capital expenditure | n/a | PLN 6.04B | PLN 4.74B | PLN 4.84B | PLN 3.88B |
| Total debt | n/a | PLN 13.1B | PLN 14.6B | PLN 17.4B | PLN 16.5B |
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 |
|---|---|---|---|---|---|---|
| TAURON Polska Energia TPE.WA | $4.02B | -6% | 0% | n/a | 6.1× | 17.0% |
| Energa ENG.WA | n/a | +48% | n/a | n/a | n/a | n/a |
| Enea ENA.WA | $2.80B | -3% | -11% | n/a | 4.4× | -7.7% |
| PGE Polska Grupa Energetyczna PGE.WA | $9.02B | +47% | -2% | 12% | 5.5× | n/a |
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 | TPE.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | +0.3% | 5th lowest of 21 |
| 6-month return | -5.8% | -8.3% | 10th highest of 21 |
| Distance from 52-week high | -24.5% | -22.7% | 11th highest of 21 |
| Revenue growth (TTM) | +0.4% | +4.4% | 9th lowest of 21 |
| Forward P/E | 6.1× | 12.6× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 17.0% | 0.3% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +10.4% | +7.1% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | +6.5 pp | -5.1 pp | 2nd most demanding of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TAURON Polska Energia TPE.WA | Poland | $4.02B | -6% | 0% | n/a | 6.1× | 17.0% | +10.4% |
| TransAlta TA.TO | Canada | $4.15B | +5% | -12% | 8% | 49.9× | 21.9% | +4.1% |
| Tohoku Electric Power 9506.T | Japan | $3.89B | +13% | +17% | 3% | 4.9× | n/a | n/a |
| Tokyo Elec Power Co Hldgs 9501.T | Japan | $4.17B | -31% | -2% | 1% | 3.7× | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% | +4.8% |
| AGL Energy AGL.AX | Australia | $4.21B | -3% | -6% | 11% | 10.5× | n/a | n/a |
| Northland Power NPI.TO | Canada | $4.22B | -4% | +15% | 34% | 14.3× | -1.7% | +3.4% |
| Algonquin Power & Utilities AQN.TO | Canada | $4.29B | -9% | +6% | 20% | 14.2× | n/a | n/a |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 7.4× | n/a | n/a |
| China Power International Development 2380.HK | Hong Kong | $4.29B | -20% | -5% | 20% | 13.6× | n/a | n/a |
| Jiangsu Guoxin 002608.SZ | China | $4.30B | -1% | +7% | 5% | 12.6× | -0.7% | +10.5% |
| Electric Power Development 9513.T | Japan | $4.39B | +2% | +4% | 10% | 8.2× | 4.5% | +5.4% |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | n/a | 9.8% | +8.9% |
| Shenzhen Energy 000027.SZ | China | $4.49B | -8% | +4% | 13% | 11.2× | n/a | n/a |
| Wintime Energy 600157.SS | China | $4.55B | -21% | -9% | 7% | 104.2× | 0.8% | +1.4% |
| Guangzhou Development 600098.SS | China | $3.56B | -3% | +4% | 4% | 14.9× | -1.0% | +9.9% |
| Iren IRE.MI | Italy | $3.54B | -9% | -8% | 9% | 10.6× | 5.5% | +12.0% |
| NLC India NLCINDIA.NS | India | $3.50B | -28% | +17% | 18% | 9.9× | n/a | n/a |
| Shaanxi Energy Investment 001286.SZ | China | $4.68B | -16% | +4% | 24% | 12.9× | -9.2% | +18.6% |
| Brookfield Renewable BEPC | United States | $4.79B | -13% | +6% | 19% | 249.6× | n/a | n/a |
| Avista AVA | United States | $3.37B | -1% | -1% | 19% | 15.0× | n/a | n/a |