Budimex SA

WSE:BDX Stock Report

Market Cap: zł17.1b

Budimex Valuation

Is BDX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BDX (PLN654.6) is trading above our estimate of future cash flow value (PLN471.25)

Significantly Below Future Cash Flow Value: BDX is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDX?

Key metric: As BDX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BDX. This is calculated by dividing BDX's market cap by their current earnings.
What is BDX's PE Ratio?
PE Ratio23.2x
Earningszł719.97m
Market Capzł17.14b

Price to Earnings Ratio vs Peers

How does BDX's PE Ratio compare to its peers?

The above table shows the PE ratio for BDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.6x
PXM Polimex-Mostostal
13.6xn/azł1.9b
TRK Trakcja
17.7xn/azł1.5b
MRB Mirbud
11.1xn/azł1.2b
TOR Torpol
19.9x13.91%zł1.5b
BDX Budimex
23.2x10.98%zł17.1b

Price-To-Earnings vs Peers: BDX is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (15.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BDX's PE Ratio compare vs other companies in the PL Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
BDX 23.2xIndustry Avg. 17.3xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BDX is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the Polish Construction industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is BDX'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.

BDX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: BDX is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

Analyst Price Targets

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

The above table shows the analyst BDX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł654.60
zł713.52
+9.00%
10.87%zł853.00zł619.00n/a5
Jun ’27zł682.80
zł713.52
+4.50%
10.87%zł853.00zł619.00n/a5
May ’27zł658.00
zł713.52
+8.44%
10.87%zł853.00zł619.00n/a5
Apr ’27zł695.20
zł713.52
+2.63%
10.87%zł853.00zł619.00n/a5
Mar ’27zł807.00
zł651.52
-19.27%
9.32%zł750.00zł565.00n/a5
Feb ’27zł688.80
zł651.52
-5.41%
9.32%zł750.00zł565.00n/a5
Jan ’27zł637.80
zł651.52
+2.15%
9.32%zł750.00zł565.00n/a5
Dec ’26zł629.80
zł651.52
+3.45%
9.32%zł750.00zł565.00n/a5
Nov ’26zł586.60
zł655.12
+11.68%
9.15%zł750.00zł565.00n/a5
Oct ’26zł520.00
zł657.32
+26.41%
8.63%zł750.00zł576.00n/a5
Sep ’26zł530.40
zł657.32
+23.93%
8.63%zł750.00zł576.00n/a5
Aug ’26zł535.40
zł655.32
+22.40%
8.72%zł750.00zł576.00n/a5
Jul ’26zł543.40
zł673.72
+23.98%
6.12%zł750.00zł635.00n/a5
Jun ’26zł623.80
zł635.43
+1.86%
11.57%zł750.00zł530.00zł682.805
May ’26zł633.20
zł631.43
-0.28%
10.68%zł730.00zł530.00zł658.005
Apr ’26zł560.40
zł616.43
+10.00%
11.86%zł730.00zł530.00zł695.205
Mar ’26zł543.50
zł593.03
+9.11%
12.06%zł730.00zł530.00zł807.005
Feb ’26zł477.80
zł573.23
+19.97%
15.94%zł730.00zł452.00zł688.805
Jan ’26zł466.60
zł573.22
+22.85%
15.94%zł730.00zł452.00zł637.805
Dec ’25zł471.40
zł577.22
+22.45%
15.79%zł730.00zł452.00zł629.805
Nov ’25zł501.00
zł611.41
+22.04%
15.29%zł730.00zł452.00zł586.605
Oct ’25zł594.00
zł607.81
+2.33%
16.40%zł730.00zł434.00zł520.005
Sep ’25zł602.00
zł590.61
-1.89%
17.60%zł730.00zł434.00zł530.405
Aug ’25zł622.50
zł590.61
-5.12%
17.60%zł730.00zł434.00zł535.405
Jul ’25zł699.50
zł590.62
-15.57%
17.60%zł730.00zł434.00zł543.405
Jun ’25zł747.50
zł590.62
-20.99%
17.60%zł730.00zł434.00zł623.805
zł713.52
Fair Value
8.3% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 21:47
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Rafal WiatrCitigroup Inc
Tomasz KrukowskiDeutsche Bank