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PJP Makrum S.A.WSE:PJP Stock Report

Market Cap zł107.7m
Share Price
zł18.00
zł29
37.9% undervalued intrinsic discount
1Y8.8%
7D-1.4%
1D
Portfolio Value
​
View

PJP Makrum S.A.

WSE:PJP Stock Report

Market Cap: zł107.7m

PJP Makrum (PJP) Stock Overview

Engages in manufactures and sells industrial equipment and provides industrial construction services in Poland and internationally. More details

PJP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends2/6

Rewards

Trading at 72.1% below our estimate of its fair value

Earnings are forecast to grow 27.34% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (0.8%) are lower than last year (3.1%)

Does not have a meaningful market cap (PLN108M)


PJP Community Fair Values

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PJP Makrum S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for PJP Makrum
Historical stock prices
Current Share Pricezł18.00
52 Week Highzł19.80
52 Week Lowzł13.00
Beta0.83
1 Month Change0.84%
3 Month Change-2.97%
1 Year Change8.76%
3 Year Change46.34%
5 Year Change8.43%
Change since IPO125.00%

Recent News & Updates

Analysis Article • Jan 15

PJP Makrum S.A.'s (WSE:PJP) 29% Share Price Surge Not Quite Adding Up

PJP Makrum S.A. ( WSE:PJP ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...

Recent updates

Analysis Article • Jan 15

PJP Makrum S.A.'s (WSE:PJP) 29% Share Price Surge Not Quite Adding Up

PJP Makrum S.A. ( WSE:PJP ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
Analysis Article • Jan 03

Investors Could Be Concerned With PJP Makrum's (WSE:PJP) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • Dec 02

PJP Makrum's (WSE:PJP) Sluggish Earnings Might Be Just The Beginning Of Its Problems

The subdued market reaction suggests that PJP Makrum S.A.'s ( WSE:PJP ) recent earnings didn't contain any surprises...
Analysis Article • Jun 02

PJP Makrum's (WSE:PJP) Shareholders May Want To Dig Deeper Than Statutory Profit

The recent earnings posted by PJP Makrum S.A. ( WSE:PJP ) were solid, but the stock didn't move as much as we expected...
Analysis Article • May 09

Does PJP Makrum (WSE:PJP) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 01

Why PJP Makrum's (WSE:PJP) Shaky Earnings Are Just The Beginning Of Its Problems

PJP Makrum S.A.'s ( WSE:PJP ) recent weak earnings report didn't cause a big stock movement. However, we believe that...
Analysis Article • Aug 06

PJP Makrum S.A. (WSE:PJP) Looks Inexpensive But Perhaps Not Attractive Enough

With a price-to-earnings (or "P/E") ratio of 6.4x PJP Makrum S.A. ( WSE:PJP ) may be sending bullish signals at the...
Analysis Article • Mar 07

We Think PJP Makrum (WSE:PJP) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 21

PJP Makrum (WSE:PJP) Is Very Good At Capital Allocation

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article • Sep 19

PJP Makrum (WSE:PJP) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • May 26

A Look At The Fair Value Of PJP Makrum S.A. (WSE:PJP)

Key Insights Using the 2 Stage Free Cash Flow to Equity, PJP Makrum fair value estimate is zł11.14 With zł12.80 share...
Analysis Article • Apr 16

PJP Makrum (WSE:PJP) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Dec 31

PJP Makrum (WSE:PJP) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Nov 25

Investors Will Want PJP Makrum's (WSE:PJP) Growth In ROCE To Persist

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article • Aug 28

Here's Why PJP Makrum (WSE:PJP) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 30

These 4 Measures Indicate That PJP Makrum (WSE:PJP) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Feb 28

PJP Makrum (WSE:PJP) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 31

PJP Makrum (WSE:PJP) Is Reducing Its Dividend To zł0.34

PJP Makrum S.A. ( WSE:PJP ) is reducing its dividend to zł0.34 on the 12th of October. This payment takes the dividend...
Analysis Article • Feb 18

Does PJP Makrum (WSE:PJP) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jan 26

Is PJP Makrum S.A.'s (WSE:PJP) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Most readers would already be aware that PJP Makrum's (WSE:PJP) stock increased significantly by 14% over the past...
Analysis Article • Jan 05

Are PJP Makrum's (WSE:PJP) Statutory Earnings A Good Guide To Its Underlying Profitability?

Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Analysis Article • Nov 20

A Look At The Intrinsic Value Of PJP Makrum S.A. (WSE:PJP)

Today we will run through one way of estimating the intrinsic value of PJP Makrum S.A. (WSE:PJP) by estimating the...

Shareholder Returns

PJPPL BuildingPL Market
7D-1.4%-2.0%-1.6%
1Y8.8%-15.9%25.8%

Return vs Industry: PJP exceeded the Polish Building industry which returned -15.3% over the past year.

Return vs Market: PJP underperformed the Polish Market which returned 26.4% over the past year.

Price Volatility

Is PJP's price volatile compared to industry and market?
PJP volatility
PJP Average Weekly Movement3.7%
Building Industry Average Movement3.7%
Market Average Movement5.3%
10% most volatile stocks in PL Market11.1%
10% least volatile stocks in PL Market3.1%

Stable Share Price: PJP has not had significant price volatility in the past 3 months compared to the Polish market.

Volatility Over Time: PJP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1948548Piotr Szczeblewskipjpmakrum.com

PJP Makrum S.A. engages in manufactures and sells industrial equipment and provides industrial construction services in Poland and internationally. The company offers handling systems, aluminium façades, flood dams, crushing and grinding machines, parking platforms, industrial construction, forklifts, warehouse equipment, fire protection products, and aluminium joinery, lift-and-slide doors; and construction of office buildings, shopping centers, supermarkets, and residential buildings. The company was founded in 1948 and is based in Bydgoszcz, Poland.

PJP Makrum S.A. Fundamentals Summary

How do PJP Makrum's earnings and revenue compare to its market cap?
PJP fundamental statistics
Market capzł107.69m
Earnings (TTM)zł3.62m
Revenue (TTM)zł469.79m
29.8x
P/E Ratio
0.2x
P/S Ratio

Is PJP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PJP income statement (TTM)
Revenuezł469.79m
Cost of Revenuezł381.04m
Gross Profitzł88.75m
Other Expenseszł85.13m
Earningszł3.62m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Sep 08, 2026

Earnings per share (EPS)0.60
Gross Margin18.89%
Net Profit Margin0.77%
Debt/Equity Ratio128.3%

How did PJP perform over the long term?

See historical performance and comparison

Dividends

2.8%
Current Dividend Yield
53%
Payout Ratio

Does PJP pay a reliable dividends?

See PJP dividend history and benchmarks
When do you need to buy PJP by to receive an upcoming dividend?
PJP Makrum dividend dates
Ex Dividend DateAug 17 2026
Dividend Pay DateOct 23 2026
Days until Ex dividend67 days
Days until Dividend pay date134 days

Does PJP pay a reliable dividends?

See PJP dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 05:54
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

PJP Makrum S.A. is covered by 3 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.

AnalystInstitution
Maciej StoklosaBiuro maklerskie mBanku
Adrian KyrczErste Bank Polska S.A.
Michal SztablerPKO BP Securities