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Echo Investment S.A.WSE:ECH Stock Report

Market Cap zł2.1b
Share Price
zł5.19
zł7.1
26.9% undervalued intrinsic discount
1Y11.9%
7D3.8%
1D
Portfolio Value
View

Echo Investment S.A.

WSE:ECH Stock Report

Market Cap: zł2.1b

ECH Community Fair Values

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Echo Investment S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Echo Investment
Historical stock prices
Current Share Pricezł5.19
52 Week Highzł6.58
52 Week Lowzł4.52
Beta0.074
1 Month Change1.37%
3 Month Change-3.53%
1 Year Change11.85%
3 Year Change25.06%
5 Year Change10.90%
Change since IPO1,004.26%

Recent News & Updates

Analysis Article 6h

Statutory Profit Doesn't Reflect How Good Echo Investment's (WSE:ECH) Earnings Are

When companies post strong earnings, the stock generally performs well, just like Echo Investment S.A.'s ( WSE:ECH...
Narrative Update Jun 01

ECH: Future Returns Will Rely On Stronger Margins Despite Slower Sales

Analysts have adjusted their price target for Echo Investment to PLN 5.80, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E, which slightly refine the risk and earnings outlook for the stock. What's in the News No recent company-specific news items or key developments for Echo Investment were provided in the available sources.
Narrative Update May 16

ECH: Higher Margin Outlook And Slightly Lower P/E Will Support Upside

Analysts have made a slight adjustment to their PLN price target on Echo Investment, reflecting updated assumptions around discount rate, long term revenue growth, profit margin and future P/E that together fine tune, rather than overhaul, their valuation view. Valuation Changes Fair Value: PLN 7.10 remains unchanged, indicating no adjustment to the overall fair value estimate.
Narrative Update May 02

ECH: Stronger Margin Outlook And Lower Future P/E Will Support Upside

Echo Investment's analyst price target has been adjusted to reflect updated assumptions around revenue growth of 8.23% and a profit margin of 18.95%. Analysts have also fine-tuned their future P/E view to 9.27x, resulting in a revised fair value assessment of PLN 7.10 per share.
Narrative Update Apr 17

ECH: Higher Margin Outlook And Lower Future P/E Will Support Upside

Analysts have revised their PLN price target for Echo Investment to reflect updated assumptions of slower revenue growth at 8.18% and a slightly higher profit margin of 18.49%, along with a modestly lower future P/E of 9.51x. Valuation Changes Fair Value: PLN 7.10 remains unchanged, indicating no adjustment to the overall estimated value per share.

Recent updates

Analysis Article 6h

Statutory Profit Doesn't Reflect How Good Echo Investment's (WSE:ECH) Earnings Are

When companies post strong earnings, the stock generally performs well, just like Echo Investment S.A.'s ( WSE:ECH...
Narrative Update Jun 01

ECH: Future Returns Will Rely On Stronger Margins Despite Slower Sales

Analysts have adjusted their price target for Echo Investment to PLN 5.80, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E, which slightly refine the risk and earnings outlook for the stock. What's in the News No recent company-specific news items or key developments for Echo Investment were provided in the available sources.
Narrative Update May 16

ECH: Higher Margin Outlook And Slightly Lower P/E Will Support Upside

Analysts have made a slight adjustment to their PLN price target on Echo Investment, reflecting updated assumptions around discount rate, long term revenue growth, profit margin and future P/E that together fine tune, rather than overhaul, their valuation view. Valuation Changes Fair Value: PLN 7.10 remains unchanged, indicating no adjustment to the overall fair value estimate.
Narrative Update May 02

ECH: Stronger Margin Outlook And Lower Future P/E Will Support Upside

Echo Investment's analyst price target has been adjusted to reflect updated assumptions around revenue growth of 8.23% and a profit margin of 18.95%. Analysts have also fine-tuned their future P/E view to 9.27x, resulting in a revised fair value assessment of PLN 7.10 per share.
Narrative Update Apr 17

ECH: Higher Margin Outlook And Lower Future P/E Will Support Upside

Analysts have revised their PLN price target for Echo Investment to reflect updated assumptions of slower revenue growth at 8.18% and a slightly higher profit margin of 18.49%, along with a modestly lower future P/E of 9.51x. Valuation Changes Fair Value: PLN 7.10 remains unchanged, indicating no adjustment to the overall estimated value per share.
Narrative Update Apr 03

ECH: Fair Outlook Will Balance Slower Revenue With Slightly Stronger Profitability

Analysts have adjusted their price target on Echo Investment to reflect updated expectations for slower revenue growth at 8.49%, alongside a similar fair value estimate of PLN 5.80, a discount rate of 15.73%, a forward P/E of 7.91, and a slightly higher projected profit margin of 18.21%. Valuation Changes Fair Value: PLN 5.80 is unchanged in the latest update, indicating a stable central estimate for Echo Investment's shares.
Narrative Update Mar 20

ECH: Fair Outlook Balances Lower Profitability Assumptions With Higher P/E Expectations

Analysts have adjusted their price target on Echo Investment to reflect updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, signaling a meaningful reset in expectations for what you might reasonably pay for the shares in PLN terms. Valuation Changes Fair Value: PLN3.1 to PLN5.8, indicating a materially higher assessed value per share in the model.
Narrative Update Mar 06

ECH: Improved Margin Outlook And Lower Future P/E Will Support Upside

Analysts have revised their Echo Investment price target higher to reflect updated assumptions for slightly stronger revenue growth, a modestly improved profit margin outlook, and a marginally lower future P/E of 9.92x. This results in a new target of PLN X.XX compared with the previous PLN X.XX.
Narrative Update Feb 20

ECH: Higher Margin Outlook And Lower P/E Are Expected To Unlock Upside

Analysts have adjusted their price target on Echo Investment slightly, citing updated assumptions for revenue growth, profit margins, and future P/E as the main drivers of the new PLN value. Valuation Changes Fair Value: PLN 7.1 per share is unchanged compared with the previous estimate.
Narrative Update Feb 05

ECH: Forward Earnings Assumptions Will Support Fairly Valued Outlook

Analysts have slightly adjusted their price target on Echo Investment, citing updated assumptions around revenue growth of 20.17%, a profit margin of 16.61% and a forward P/E of 8.29x, while their core fair value estimate remains at €5.59. Valuation Changes Fair Value Estimate: unchanged at €5.59 per share, with no adjustment to the core valuation output.
Narrative Update Jan 22

ECH: Higher Profit Margin Outlook May Support Stronger Earnings Upside

Analysts have nudged their price target for Echo Investment slightly higher to reflect modest updates to revenue growth assumptions, profit margin expectations, and the forward P/E multiple, while keeping fair value and the discount rate broadly unchanged. Valuation Changes Fair Value, unchanged at PLN 7.10 per share.
Narrative Update Jan 08

ECH: Higher Future P/E Assumption May Support Stronger Earnings Upside

Analysts have adjusted their price target for Echo Investment to reflect an unchanged fair value of €7.10, alongside updated assumptions for revenue growth, profit margins and a higher future P/E multiple, which collectively reshape the risk and reward trade off they see in the stock. Valuation Changes Fair Value: Unchanged at €7.10 per share, indicating no revision to the core valuation output.
Narrative Update Dec 25

ECH: Rising Profit Margins May Strengthen Future Earnings Profile

Analysts have raised their price target for Echo Investment from approximately PLN 5.80 to around PLN 7.10, reflecting improved expectations for profitability and valuation multiples, despite slightly higher perceived risk and slower projected revenue growth. Valuation Changes Fair Value: raised moderately from around PLN 5.80 to approximately PLN 7.10 per share, indicating higher estimated intrinsic value.
Narrative Update Dec 11

ECH: Future Upside Expected As Moderate Expansion Supports Stable Earnings

Analysts have modestly revised their price target on Echo Investment to reflect updated revenue growth expectations, keeping fair value broadly unchanged at around 5.59 while signaling slightly more conservative assumptions for the pace of future expansion. Valuation Changes Fair Value: Unchanged at approximately 5.59 PLN per share, indicating no material reassessment of intrinsic value.
Narrative Update Nov 27

ECH: Revenue Increases Are Expected To Balance Slight Margin Pressure Ahead

Analysts have raised their price target for Echo Investment from €5.19 to €5.59. This change reflects incremental improvements in revenue growth expectations, even though projected profit margins are slightly lower.
Narrative Update Nov 12

ECH: Rising Discount Rate Will Likely Weigh on Near-Term Outlook

Analysts have marginally increased their price target for Echo Investment from PLN 5.19 to PLN 5.19. This reflects only minimal adjustments to key forecast assumptions and maintains a steady outlook for the company.
Narrative Update Oct 29

Office Sales And Warsaw Residential Expansion Will Deliver Future Opportunities

Analysts have maintained their price target for Echo Investment at PLN 5.19. They cite consistent assessments of fair value, revenue growth, and profit margin projections.
Narrative Update Oct 15

Office Sales And Warsaw Residential Expansion Will Deliver Future Opportunities

Echo Investment's analyst price target has been raised from PLN 4.91 to PLN 5.19. Analysts cite updated forecasts and valuation metrics, despite modestly softer revenue growth and profit margin expectations.
User avatar
New Narrative Jan 22

Sale Of React Building Will Improve Liquidity And Reduce Debt Next Year

Echo Investment's asset sales and strategic developments in office, residential, and student housing sectors are set to enhance revenue, liquidity, and growth prospects.
Analysis Article Dec 05

We Think Echo Investment's (WSE:ECH) Solid Earnings Are Understated

Echo Investment S.A.'s ( WSE:ECH ) solid earnings announcement recently didn't do much to the stock price. We did some...
Analysis Article Aug 13

Echo Investment S.A.'s (WSE:ECH) Earnings Haven't Escaped The Attention Of Investors

With a price-to-earnings (or "P/E") ratio of 25.9x Echo Investment S.A. ( WSE:ECH ) may be sending very bearish signals...
Analysis Article Jun 19

Here's Why Shareholders May Want To Be Cautious With Increasing Echo Investment S.A.'s (WSE:ECH) CEO Pay Packet

Key Insights Echo Investment will host its Annual General Meeting on 26th of June Salary of zł1.36m is part of CEO...
Analysis Article Apr 04

Echo Investment's (WSE:ECH) Soft Earnings Don't Show The Whole Picture

The market for Echo Investment S.A.'s ( WSE:ECH ) shares didn't move much after it posted weak earnings recently. We...
Analysis Article Sep 12

Calculating The Fair Value Of Echo Investment S.A. (WSE:ECH)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Echo Investment fair value estimate is zł4.98 Current share...
Analysis Article Jul 01

Echo Investment (WSE:ECH) Will Pay A Smaller Dividend Than Last Year

Echo Investment S.A. ( WSE:ECH ) has announced it will be reducing its dividend payable on the 26th of July to zł0.22...
Analysis Article Jun 16

Echo Investment (WSE:ECH) Has Announced That Its Dividend Will Be Reduced To zł0.10

Echo Investment S.A.'s ( WSE:ECH ) dividend is being reduced to zł0.10 on the 26th of July. This means that the annual...
Analysis Article Jun 02

Echo Investment (WSE:ECH) Is Reducing Its Dividend To zł0.10

Echo Investment S.A.'s ( WSE:ECH ) dividend is being reduced to zł0.10 on the 26th of July. This means that the annual...
Analysis Article May 03

A Look At The Fair Value Of Echo Investment S.A. (WSE:ECH)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Echo Investment S.A...
Analysis Article Apr 06

Here's Why Echo Investment (WSE:ECH) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Mar 12

A Closer Look At Echo Investment S.A.'s (WSE:ECH) Impressive ROE

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Analysis Article Feb 19

Shareholders Of Echo Investment (WSE:ECH) Have Received 188% On Their Investment

Echo Investment S.A. ( WSE:ECH ) shareholders should be happy to see the share price up 18% in the last quarter. Check...
Analysis Article Feb 02

We Wouldn't Rely On Echo Investment's (WSE:ECH) Statutory Earnings As A Guide

It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
Analysis Article Jan 14

Calculating The Fair Value Of Echo Investment S.A. (WSE:ECH)

In this article we are going to estimate the intrinsic value of Echo Investment S.A. ( WSE:ECH ) by projecting its...
Analysis Article Dec 28

Does Echo Investment (WSE:ECH) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Dec 08

Should We Be Delighted With Echo Investment S.A.'s (WSE:ECH) ROE Of 16%?

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Analysis Article Nov 21

Share Price Aside, Echo Investment (WSE:ECH) Has Delivered Shareholders A 132% Return.

These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But if you pick...

Shareholder Returns

ECHPL Real EstatePL Market
7D3.8%0.9%0.3%
1Y11.9%8.7%28.3%

Return vs Industry: ECH exceeded the Polish Real Estate industry which returned 10.6% over the past year.

Return vs Market: ECH underperformed the Polish Market which returned 29.4% over the past year.

Price Volatility

Is ECH's price volatile compared to industry and market?
ECH volatility
ECH Average Weekly Movement3.4%
Real Estate Industry Average Movement4.2%
Market Average Movement5.3%
10% most volatile stocks in PL Market11.1%
10% least volatile stocks in PL Market3.1%

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

Volatility Over Time: ECH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992712Nicklas Lindbergwww.echo.com.pl

Echo Investment S.A. engages in the construction, lease, and sale of office, retail, and residential buildings in Poland. It sells residential and commercial spaces within residential projects; The company also trades in real estate properties; and rents apartments. In addition, it provides advisory, managerial, legal, and other services; organization and management of tenders for construction works, and supervision and coordination of construction works, as well as customer services; and brokerage, accounting, legal, consulting, IT, financial, marketing, and other services.

Echo Investment S.A. Fundamentals Summary

How do Echo Investment's earnings and revenue compare to its market cap?
ECH fundamental statistics
Market capzł2.14b
Earnings (TTM)zł62.19m
Revenue (TTM)zł2.42b
34.4x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ECH income statement (TTM)
Revenuezł2.42b
Cost of Revenuezł1.62b
Gross Profitzł807.46m
Other Expenseszł745.28m
Earningszł62.19m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Sep 17, 2026

Earnings per share (EPS)0.15
Gross Margin33.32%
Net Profit Margin2.57%
Debt/Equity Ratio158.8%

How did ECH perform over the long term?

See historical performance and comparison

Dividends

15.4%
Current Dividend Yield
531%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 10:24
End of Day Share Price 2026/06/03 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

Echo Investment S.A. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Piotr ZielonkaCitigroup Inc
Tomasz KrukowskiDeutsche Bank