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XTB S.A.WSE:XTB Stock Report

Market Cap zł12.4b
Share Price
zł105.42
zł100.96
4.4% overvalued intrinsic discount
1Y22.9%
7D4.9%
Portfolio Value
​
View

XTB S.A.

WSE:XTB Stock Report

Market Cap: zł12.4b

XTB (XTB) Stock Overview

Provides ETF, currency derivatives, commodities, indices, stocks, and bonds brokerage services in Central and Eastern Europe, Western Europe, Latin America, and the Middle East. More details

XTB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends1/6

Rewards

Trading at 9.4% below our estimate of its fair value

Revenue is forecast to grow 6.72% per year

Earnings grew by 31.7% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 7.6% per year for the next 3 years

Dividend of 5.17% is not well covered by earnings or free cash flows


XTB Community Fair Values

Create Narrative

See what 58 others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

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XTB

XTB's Path to 100–120 PLN by 2028 Amid Market Volatility

XTB makes money when people trade, and its recent growth comes from a wave of new customers and choppy markets that keep activity high. The big question is whether it can keep expanding into new products and new countries without getting squeezed by competition, regulation, or a calmer market.
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zł100.96
FV
4.4% overvalued intrinsic discount
15.00%
Revenue growth p.a.
1.8k
users have viewed this narrative
3users have liked this narrative
1users have commented on this narrative
44users have followed this narrative
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XTB S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for XTB
Historical stock prices
Current Share Pricezł105.42
52 Week Highzł114.00
52 Week Lowzł61.86
Beta0.17
1 Month Change-3.95%
3 Month Change15.21%
1 Year Change22.87%
3 Year Change166.35%
5 Year Change503.78%
Change since IPO774.85%

Recent News & Updates

Analysis Article • May 06

With EPS Growth And More, XTB (WSE:XTB) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Recent updates

Analysis Article • May 06

With EPS Growth And More, XTB (WSE:XTB) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jan 19

With XTB S.A. (WSE:XTB) It Looks Like You'll Get What You Pay For

With a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...
Analysis Article • Oct 08

Insufficient Growth At XTB S.A. (WSE:XTB) Hampers Share Price

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") above 14x, you may consider XTB...
Analysis Article • May 07

Why We Think Shareholders May Be Considering Bumping Up XTB S.A.'s (WSE:XTB) CEO Compensation

Key Insights XTB will host its Annual General Meeting on 14th of May CEO Omar Arnaout's total compensation includes...
Analysis Article • May 06

Subdued Growth No Barrier To XTB S.A. (WSE:XTB) With Shares Advancing 27%

The XTB S.A. ( WSE:XTB ) share price has done very well over the last month, posting an excellent gain of 27%. The last...
Analysis Article • Apr 04

XTB's (WSE:XTB) Dividend Will Be Increased To PLN5.45

XTB S.A. ( WSE:XTB ) will increase its dividend on the 25th of June to PLN5.45, which is 8.6% higher than last year's...
Analysis Article • Mar 12

Weekly Picks: 📈 Okta’s Next Move, Atlassian’s AI Edge, and XTB's Growth Path

This week's picks cover: Why Okta is well positioned to seize its opportunity, the 4 catalysts behind Atlassian’s potential upside, and why even XTB’s base case looks appealing.
New Narrative • Mar 10

XTB's Path to 100–120 PLN by 2028 Amid Market Volatility

Stock Price Performance: XTB hit an all-time high of 78.00 PLN on January 21, 2025, with a market cap around 7.89 billion PLN (as per TradingView data). Its all-time low was 2.92 PLN in September 2019
Analysis Article • Jan 29

XTB S.A. (WSE:XTB) Might Not Be As Mispriced As It Looks

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") above 12x, you may consider XTB...
Analysis Article • Oct 14

Here's Why We Think XTB (WSE:XTB) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 09

XTB S.A.'s (WSE:XTB) Shares Not Telling The Full Story

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") above 12x, you may consider XTB...
Analysis Article • May 23

A Piece Of The Puzzle Missing From XTB S.A.'s (WSE:XTB) 25% Share Price Climb

Despite an already strong run, XTB S.A. ( WSE:XTB ) shares have been powering on, with a gain of 25% in the last thirty...
Analysis Article • Feb 06

Fewer Investors Than Expected Jumping On XTB S.A. (WSE:XTB)

With a price-to-earnings (or "P/E") ratio of 7x XTB S.A. ( WSE:XTB ) may be sending bullish signals at the moment...
Analysis Article • Sep 28

Does XTB (WSE:XTB) Deserve A Spot On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Jun 15

Should You Be Adding XTB (WSE:XTB) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Mar 16

We Ran A Stock Scan For Earnings Growth And XTB (WSE:XTB) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Oct 20

Is Now The Time To Put XTB (WSE:XTB) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • May 20

Here's Why I Think X-Trade Brokers Dom Maklerski (WSE:XTB) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Analysis Article • Feb 10

Does X-Trade Brokers Dom Maklerski (WSE:XTB) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article • Jan 08

X-Trade Brokers Dom Maklerski S.A. (WSE:XTB) Has Got What It Takes To Be An Attractive Dividend Stock

Today we'll take a closer look at X-Trade Brokers Dom Maklerski S.A. ( WSE:XTB ) from a dividend investor's...

Shareholder Returns

XTBPL Capital MarketsPL Market
7D4.9%1.2%0.2%
1Y22.9%24.2%21.2%

Return vs Industry: XTB underperformed the Polish Capital Markets industry which returned 24.2% over the past year.

Return vs Market: XTB exceeded the Polish Market which returned 21.2% over the past year.

Price Volatility

Is XTB's price volatile compared to industry and market?
XTB volatility
XTB Average Weekly Movement4.8%
Capital Markets Industry Average Movement6.4%
Market Average Movement5.3%
10% most volatile stocks in PL Market11.0%
10% least volatile stocks in PL Market3.2%

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

Volatility Over Time: XTB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20041,177Omar Arnaoutwww.xtb.com

XTB S.A., together with its subsidiaries, provides ETF, currency derivatives, commodities, indices, stocks, and bonds brokerage services in Central and Eastern Europe, Western Europe, Latin America, and the Middle East. It operates in two segments, Retail Operations and Institutional Activity. The Retail operations segment engages in the provision of trading in financial instruments for individual customers.

XTB S.A. Fundamentals Summary

How do XTB's earnings and revenue compare to its market cap?
XTB fundamental statistics
Market capzł12.39b
Earnings (TTM)zł985.31m
Revenue (TTM)zł2.68b
12.6x
P/E Ratio
4.6x
P/S Ratio

Is XTB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
XTB income statement (TTM)
Revenuezł2.68b
Cost of Revenuezł371.10m
Gross Profitzł2.31b
Other Expenseszł1.32b
Earningszł985.31m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 28, 2026

Earnings per share (EPS)8.38
Gross Margin86.16%
Net Profit Margin36.75%
Debt/Equity Ratio13.6%

How did XTB perform over the long term?

See historical performance and comparison

Dividends

5.2%
Current Dividend Yield
98%
Payout Ratio

Does XTB pay a reliable dividends?

See XTB dividend history and benchmarks
When do you need to buy XTB by to receive an upcoming dividend?
XTB dividend dates
Ex Dividend DateJun 12 2026
Dividend Pay DateJun 24 2026
Days until Ex dividend26 days
Days until Dividend pay date38 days

Does XTB pay a reliable dividends?

See XTB dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 06:52
End of Day Share Price 2026/05/15 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

XTB S.A. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikolaj LemanczykBiuro maklerskie mBanku
Lukasz JanczakErste Group Bank AG
Piotr RychlickiIpopema Securities S.A.