Budimex SA

WSE:BDX Stock Report

Market Cap: zł15.0b

Budimex Past Earnings Performance

Past criteria checks 3/6

Budimex has been growing earnings at an average annual rate of 14.8%, while the Construction industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 4.6% per year. Budimex's return on equity is 56.9%, and it has net margins of 6.8%.

Key information

14.82%

Earnings growth rate

14.81%

EPS growth rate

Construction Industry Growth19.80%
Revenue growth rate4.58%
Return on equity56.86%
Net Margin6.76%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

Is Budimex (WSE:BDX) Using Too Much Debt?

Oct 06
Is Budimex (WSE:BDX) Using Too Much Debt?

Estimating The Fair Value Of Budimex SA (WSE:BDX)

Sep 15
Estimating The Fair Value Of Budimex SA (WSE:BDX)

With Budimex SA (WSE:BDX) It Looks Like You'll Get What You Pay For

Aug 03
With Budimex SA (WSE:BDX) It Looks Like You'll Get What You Pay For

Is Budimex (WSE:BDX) A Risky Investment?

Jun 28
Is Budimex (WSE:BDX) A Risky Investment?

Calculating The Fair Value Of Budimex SA (WSE:BDX)

Jun 10
Calculating The Fair Value Of Budimex SA (WSE:BDX)

Here's Why Budimex SA's (WSE:BDX) CEO May Have Their Pay Bumped Up

May 23
Here's Why Budimex SA's (WSE:BDX) CEO May Have Their Pay Bumped Up

Budimex (WSE:BDX) Has Announced That Its Dividend Will Be Reduced To PLN25.43

May 13
Budimex (WSE:BDX) Has Announced That Its Dividend Will Be Reduced To PLN25.43

Budimex (WSE:BDX) Has Announced That Its Dividend Will Be Reduced To PLN25.43

Apr 27
Budimex (WSE:BDX) Has Announced That Its Dividend Will Be Reduced To PLN25.43

Budimex SA's (WSE:BDX) Popularity With Investors Is Under Threat From Overpricing

Apr 13
Budimex SA's (WSE:BDX) Popularity With Investors Is Under Threat From Overpricing

Budimex (WSE:BDX) Is Reducing Its Dividend To PLN25.43

Apr 13
Budimex (WSE:BDX) Is Reducing Its Dividend To PLN25.43

Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

Mar 17
Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

Dec 15
Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

There's Reason For Concern Over Budimex SA's (WSE:BDX) Price

Nov 23
There's Reason For Concern Over Budimex SA's (WSE:BDX) Price

Budimex - a diversified and flexible company

Budimex is the leading Polish company in the construction sector, accounting for about 57% of the overall WIG-construction index. Thanks to the diversification of its operations, the company has been

Budimex SA (WSE:BDX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Nov 02
Budimex SA (WSE:BDX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Budimex SA (WSE:BDX) Investors Are Less Pessimistic Than Expected

Aug 24
Budimex SA (WSE:BDX) Investors Are Less Pessimistic Than Expected

Calculating The Fair Value Of Budimex SA (WSE:BDX)

Aug 02
Calculating The Fair Value Of Budimex SA (WSE:BDX)

Is Budimex (WSE:BDX) A Risky Investment?

Jul 12
Is Budimex (WSE:BDX) A Risky Investment?

Budimex's (WSE:BDX) Dividend Will Be Increased To PLN35.69

May 25
Budimex's (WSE:BDX) Dividend Will Be Increased To PLN35.69

What Budimex SA's (WSE:BDX) P/E Is Not Telling You

May 08
What Budimex SA's (WSE:BDX) P/E Is Not Telling You

Does Budimex (WSE:BDX) Have A Healthy Balance Sheet?

Mar 25
Does Budimex (WSE:BDX) Have A Healthy Balance Sheet?

Some Confidence Is Lacking In Budimex SA's (WSE:BDX) P/E

Jan 03
Some Confidence Is Lacking In Budimex SA's (WSE:BDX) P/E

Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

Dec 07
Budimex (WSE:BDX) Has A Rock Solid Balance Sheet

We Think Budimex (WSE:BDX) Can Manage Its Debt With Ease

Sep 08
We Think Budimex (WSE:BDX) Can Manage Its Debt With Ease

A Look At The Fair Value Of Budimex SA (WSE:BDX)

Aug 12
A Look At The Fair Value Of Budimex SA (WSE:BDX)

Budimex's (WSE:BDX) Shareholders Will Receive A Smaller Dividend Than Last Year

May 20
Budimex's (WSE:BDX) Shareholders Will Receive A Smaller Dividend Than Last Year

Is Budimex (WSE:BDX) Using Too Much Debt?

May 01
Is Budimex (WSE:BDX) Using Too Much Debt?

Budimex SA (WSE:BDX) Shares Could Be 31% Above Their Intrinsic Value Estimate

Mar 01
Budimex SA (WSE:BDX) Shares Could Be 31% Above Their Intrinsic Value Estimate

Here's Why Budimex (WSE:BDX) Can Manage Its Debt Responsibly

Jan 20
Here's Why Budimex (WSE:BDX) Can Manage Its Debt Responsibly

Here's Why Budimex (WSE:BDX) Can Manage Its Debt Responsibly

Oct 07
Here's Why Budimex (WSE:BDX) Can Manage Its Debt Responsibly

A Look At The Fair Value Of Budimex SA (WSE:BDX)

Sep 14
A Look At The Fair Value Of Budimex SA (WSE:BDX)

These 4 Measures Indicate That Budimex (WSE:BDX) Is Using Debt Safely

Jun 21
These 4 Measures Indicate That Budimex (WSE:BDX) Is Using Debt Safely

Budimex's (WSE:BDX) Upcoming Dividend Will Be Larger Than Last Year's

May 21
Budimex's (WSE:BDX) Upcoming Dividend Will Be Larger Than Last Year's

Is There An Opportunity With Budimex SA's (WSE:BDX) 42% Undervaluation?

Apr 30
Is There An Opportunity With Budimex SA's (WSE:BDX) 42% Undervaluation?

Calculating The Intrinsic Value Of Budimex SA (WSE:BDX)

Jan 24
Calculating The Intrinsic Value Of Budimex SA (WSE:BDX)

Is Budimex (WSE:BDX) Using Too Much Debt?

Jan 03
Is Budimex (WSE:BDX) Using Too Much Debt?

Budimex SA's (WSE:BDX) Intrinsic Value Is Potentially 25% Above Its Share Price

Oct 24
Budimex SA's (WSE:BDX) Intrinsic Value Is Potentially 25% Above Its Share Price

We Think Budimex (WSE:BDX) Can Manage Its Debt With Ease

Sep 15
We Think Budimex (WSE:BDX) Can Manage Its Debt With Ease

Revenue & Expenses Breakdown

How Budimex makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

WSE:BDX Revenue, expenses and earnings (PLN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 259,0166104700
30 Jun 259,0256104660
31 Mar 259,1156114600
31 Dec 249,1186164460
30 Sep 249,3187354400
30 Jun 249,5247404050
31 Mar 249,5077513910
31 Dec 239,8027383850
30 Sep 239,2456263570
30 Jun 238,9396083500
31 Mar 238,9595843400
31 Dec 228,6195343310
30 Sep 228,7465083160
30 Jun 228,6684523080
31 Mar 228,2654652880
31 Dec 217,9114512810
30 Sep 217,6264442820
30 Jun 217,4904422680
31 Mar 217,4843162640
31 Dec 207,7093022580
30 Sep 207,8042482450
30 Jun 207,7812152240
31 Mar 207,6592262280
31 Dec 197,5702262290
30 Sep 197,3802122240
30 Jun 197,3332492560
31 Mar 197,4292712590
31 Dec 187,3873052600
30 Sep 187,2063582600
30 Jun 186,9503982570
31 Mar 186,6554432510
31 Dec 176,3694642510
30 Sep 176,0074962380
30 Jun 175,8644582360
31 Mar 175,6374432350
31 Dec 165,5724102310
30 Sep 165,5103262360
30 Jun 165,2952752280
31 Mar 165,2752502240
31 Dec 155,1342362200
30 Sep 154,9802182120
30 Jun 155,0652122120
31 Mar 154,9621872110
31 Dec 144,9501922050

Quality Earnings: BDX has high quality earnings.

Growing Profit Margin: BDX's current net profit margins (6.8%) are lower than last year (7.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BDX's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: BDX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BDX had negative earnings growth (-17%) over the past year, making it difficult to compare to the Construction industry average (-19.3%).


Return on Equity

High ROE: BDX's Return on Equity (56.9%) is considered outstanding.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 06:42
End of Day Share Price 2025/10/31 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Budimex SA is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rafal WiatrCitigroup Inc
Tomasz KrukowskiDeutsche Bank
Cezary BernatekErste Group Bank AG