How does 9ZE's PE Ratio compare to its peers?

9ZE is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (43.6x).

How does 9ZE's PE Ratio compare vs other companies in the European Construction Industry?

9ZE is good value based on its Price-To-Earnings Ratio (10x) compared to the European Construction industry average (14x).

What is 9ZE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 9ZE's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 9ZE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

9ZE (€8.4) is trading below our estimate of [[fair value]] (€9.39)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

9ZE Stock Overview

Torpol S.A. constructs and modernizes railway infrastructure in Poland. More details

9ZE fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 10.5% below our estimate of its fair value

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 6.2% per year for the next 3 years

Dividend of 6.05% is not well covered by free cash flows

Profit margins (6.1%) are lower than last year (13.6%)

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Torpol S.A. Competitors

BAUER

HMSE:B5A0

€192.8m

thyssenkrupp nucera KGaA

XTRA:NCH2

€1.1b

HOCHTIEF

XTRA:HOT

€10.5b

AHT Syngas Technology

DB:3SQ1

€22.8m

Price History & Performance

Summary of share price highs, lows and changes for Torpol
Historical stock prices
Current Share Price	zł8.40
52 Week High	zł9.25
52 Week Low	zł6.89
Beta	0.56
1 Month Change	13.67%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	16.02%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	9ZE	DE Construction	DE Market
7D	5.0%	2.3%	2.1%
1Y	n/a	23.4%	15.0%

Return vs Industry: Insufficient data to determine how 9ZE performed against the German Construction industry.

Return vs Market: Insufficient data to determine how 9ZE performed against the German Market.

Price Volatility

Is 9ZE's price volatile compared to industry and market?
9ZE volatility
9ZE Average Weekly Movement	9.3%
Construction Industry Average Movement	7.7%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 9ZE's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine 9ZE's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1991	774	n/a	www.torpol.pl

Torpol S.A. constructs and modernizes railway infrastructure in Poland. It constructs overhead catenary systems, power supply systems, train traffic and control systems, and road and civil engineering structures; and implements track layout and associated works. The company also constructs and modernizes travel ways, track beds, and rapid transit tramway systems; and collision fee crossings and bike lines, as well as installs noise barriers and anti-vibration mats.

Torpol S.A. Fundamentals Summary

How do Torpol's earnings and revenue compare to its market cap?
9ZE fundamental statistics
Market cap	€191.78m
Earnings (TTM)	€18.99m
Revenue (TTM)	€312.52m

10.0x

P/E Ratio

0.6x

P/S Ratio

Is 9ZE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9ZE income statement (TTM)
Revenue	zł1.33b
Cost of Revenue	zł1.19b
Gross Profit	zł138.06m
Other Expenses	zł57.56m
Earnings	zł80.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.50
Gross Margin	10.42%
Net Profit Margin	6.08%
Debt/Equity Ratio	1.0%

How did 9ZE perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

60%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/03 23:18
End of Day Share Price	2025/02/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Torpol S.A. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Piotr Zybala	Biuro maklerskie mBanku
Marek Straszak	Dom Maklerski Banku BPS S.A.
Tomasz Duda	Erste Group Bank AG