Pepco Group Past Earnings Performance
Past criteria checks 4/6
Pepco Group has been growing earnings at an average annual rate of 15.3%, while the Multiline Retail industry saw earnings growing at 3.3% annually. Revenues have been growing at an average rate of 0.3% per year. Pepco Group's return on equity is 110.9%, and it has net margins of 4.8%.
Key information
15.26%
Earnings growth rate
17.16%
EPS growth rate
| Multiline Retail Industry Growth | 6.54% |
| Revenue growth rate | 0.31% |
| Return on equity | 110.94% |
| Net Margin | 4.82% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Analysis Article • May 26
Earnings Update: Pepco Group N.V. (WSE:PCO) Just Reported Its Half-Yearly Results And Analysts Are Updating Their Forecasts
Investors in Pepco Group N.V. ( WSE:PCO ) had a good week, as its shares rose 5.0% to close at zł33.67 following the...
Narrative Update • May 23
PCO: Fair Value Will Likely Hold As Higher P/E Supports Outlook
The analyst price target for Pepco Group has been adjusted from PLN 29.46 to PLN 31.78. Analysts point to updated fair value estimates and refreshed assumptions on discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change.
Narrative Update • Apr 30
PCO: Lower Future P E Multiple Will Likely Restrain Share Returns
Analysts now set their Pepco Group price target at PLN 19.46, slightly below the prior PLN 19.80. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.Narrative Update • Apr 16
PCO: Higher Future P E Multiple Will Likely Pressure Share Returns
Analysts have raised their PLN price target for Pepco Group from PLN 17.61 to PLN 19.80, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples. Valuation Changes Fair Value: PLN 17.61 updated to PLN 19.80, indicating a higher assessed valuation level.
Narrative Update • Apr 01
PCO: Completed Share Buyback And Margin Outlook Will Support Higher Returns
Analysts have trimmed their PLN price target for Pepco Group to around PLN 36.24 per share, a small adjustment from about PLN 36.52. This reflects refreshed assumptions on discount rate, revenue growth, profit margin and future P/E.Narrative Update • Mar 18
PCO: Share Buyback And Margin Outlook Will Support Higher Future Returns
The analyst price target for Pepco Group has increased from PLN 35.90 to PLN 36.52. Analysts point to updated views on discount rates, revenue growth, profit margins and future P/E assumptions as the key drivers behind this change.Narrative Update • Mar 04
PCO: Higher Required Returns And Share Buybacks Will Likely Pressure Future Returns
Analysts have marginally adjusted their PLN fair value estimate for Pepco Group to PLN 17.61. This reflects updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations.Narrative Update • Feb 17
PCO: Fair Value Will Likely Hold As Completed Buyback Supports Outlook
Pepco Group's analyst price target has been adjusted slightly higher to PLN 29.46 from PLN 29.43. Analysts point to unchanged revenue growth and profit margin assumptions, with only marginal tweaks to the discount rate and forward P/E input.Analysis Article • Feb 12
Is Pepco Group (WSE:PCO) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Narrative Update • Feb 03
PCO: Fair Value Will Likely Hold As Buyback And Assumptions Shift
Analysts have lifted their price target for Pepco Group from €25.83 to €29.43, citing updated assumptions on revenue growth, profit margins, discount rates and future P/E, which together indicate a higher assessed fair value for the shares. What's in the News Pepco Group completed a share buyback tranche between April 1, 2025 and September 30, 2025, repurchasing 9,382,732 shares for €50 million, equivalent to 1.63% of its shares.Analysis Article • Jan 22
Statutory Profit Doesn't Reflect How Good Pepco Group's (WSE:PCO) Earnings Are
Pepco Group N.V. ( WSE:PCO ) just reported healthy earnings but the stock price didn't move much. Investors are...Narrative Update • Jan 20
PCO: Lower Margin Outlook Will Likely Pressure Future Share Returns
Analysts have raised their price target on Pepco Group to €17.62 from €16.30, reflecting updated assumptions that include higher revenue growth, a slightly lower profit margin, a reduced discount rate and a lower future P/E multiple. Valuation Changes Fair Value: increased from €16.30 to €17.62 per share, implying a higher central estimate of equity value.Narrative Update • Jan 05
PCO: Lower Discount Rate Will Support Higher Future Earnings Multiple
Analysts have lifted their price target for Pepco Group to €35.90 from €34.02, citing updated assumptions that combine an 8.38% revenue growth outlook with a 6.69% profit margin and a revised future P/E of 17.61, all discounted at an adjusted rate of 11.80%. Valuation Changes Fair Value Estimate, revised from €34.02 to €35.90, implying a modest uplift in the assessed share value.Analysis Article • Jan 04
What Pepco Group N.V.'s (WSE:PCO) P/S Is Not Telling You
It's not a stretch to say that Pepco Group N.V.'s ( WSE:PCO ) price-to-sales (or "P/S") ratio of 0.9x seems quite...Narrative Update • Dec 15
PCO: Lower Risk And Higher Margins Will Drive Share Price Higher
Analysts have raised their price target for Pepco Group by approximately 7 percent to around €34 per share, citing a lower perceived risk profile and stronger expected profitability that offset weaker revenue growth assumptions and a slightly reduced future earnings multiple. Valuation Changes Fair Value increased slightly from €31.71 to approximately €34.02 per share, reflecting a modest upward revision in the intrinsic valuation.Narrative Update • Dec 01
PCO: Fair Value Will Likely Remain Stable Despite Slight Discount Rate Increase
The analyst consensus price target for Pepco Group has been modestly revised downward from €25.88 to €25.83, as analysts cite a slight increase in the discount rate along with minor adjustments to profitability forecasts. Valuation Changes Consensus Analyst Price Target has fallen slightly from €25.88 to €25.83.Analysis Article • Nov 19
Pepco Group (WSE:PCO) Is Doing The Right Things To Multiply Its Share Price
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Narrative Update • Nov 17
PCO: Fair Value Expected To Remain Stable Amid Discount Rate Shift
Analysts have slightly lowered their price target for Pepco Group, revising it from €25.93 to €25.88. The adjustment is based on updated assessments of the company’s discount rate and future price-to-earnings expectations.Narrative Update • Nov 03
PCO: Marginal Improvements And Risks Suggest Balanced Outlook For Central Europe Expansion
Pepco Group's analyst price target has been raised modestly by analysts, increasing from €25.14 to €25.93 per share. This reflects incremental improvements in future revenue outlook and fair value assessments.Narrative Update • Oct 20
Expansion In Central And Eastern Europe Will Unlock Future Potential
Analysts have raised their price target for Pepco Group from €24.90 to €25.14, citing an improved profit margin outlook that more than offsets modest declines in expected revenue growth. Valuation Changes Fair Value has increased slightly, moving from €24.90 to €25.14.Analysis Article • Oct 03
What Pepco Group N.V.'s (WSE:PCO) 25% Share Price Gain Is Not Telling You
The Pepco Group N.V. ( WSE:PCO ) share price has done very well over the last month, posting an excellent gain of 25...Narrative Update • Sep 26
Expansion In Central And Eastern Europe Will Unlock Future Potential
Despite a notable deterioration in fundamentals, with Pepco Group’s future P/E ratio rising sharply and revenue growth forecasts lowering further into negative territory, the consensus analyst price target increased only marginally from PLN24.56 to PLN24.90. Valuation Changes Summary of Valuation Changes for Pepco Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from PLN24.56 to PLN24.90.Analysis Article • Sep 12
At zł20.59, Is Pepco Group N.V. (WSE:PCO) Worth Looking At Closely?
Pepco Group N.V. ( WSE:PCO ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...Analysis Article • Aug 21
Does This Valuation Of Pepco Group N.V. (WSE:PCO) Imply Investors Are Overpaying?
WSE:PCO 1 Year Share Price vs Fair Value Explore Pepco Group's Fair Values from the Community and select yours Key...Analysis Article • Jul 26
Returns On Capital Are Showing Encouraging Signs At Pepco Group (WSE:PCO)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...Analysis Article • Jun 29
Revenues Not Telling The Story For Pepco Group N.V. (WSE:PCO) After Shares Rise 26%
Despite an already strong run, Pepco Group N.V. ( WSE:PCO ) shares have been powering on, with a gain of 26% in the...Analysis Article • Jun 19
Does Pepco Group (WSE:PCO) 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...New Narrative • May 14
CEE And Western Europe Expansion Will Create New Opportunities
Expansion in Central and Eastern Europe and strategic pricing expected to drive revenue and growth.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Pepco Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 4,640 | 224 | 1,769 | 0 |
| 31 Dec 25 | 4,582 | 198 | 1,761 | 0 |
| 30 Sep 25 | 4,523 | 171 | 1,753 | 0 |
| 30 Jun 25 | 3,426 | 294 | 1,374 | 0 |
| 31 Mar 25 | 3,314 | 143 | 1,346 | 0 |
| 31 Dec 24 | 3,737 | 135 | 1,485 | 0 |
| 30 Sep 24 | 4,160 | 127 | 1,624 | 0 |
| 30 Jun 24 | 5,072 | 127 | 1,906 | 0 |
| 31 Mar 24 | 5,983 | 126 | 2,188 | 0 |
| 31 Dec 23 | 5,789 | 117 | 2,086 | 0 |
| 30 Sep 23 | 5,596 | 108 | 1,984 | 0 |
| 30 Jun 23 | 5,429 | 137 | 1,892 | 0 |
| 31 Mar 23 | 5,263 | 165 | 1,801 | 0 |
| 31 Dec 22 | 5,043 | 169 | 1,728 | 0 |
| 30 Sep 22 | 4,823 | 174 | 1,655 | 0 |
| 30 Jun 22 | 4,661 | 166 | 1,641 | 0 |
| 31 Mar 22 | 4,499 | 158 | 1,627 | 0 |
| 31 Dec 21 | 4,120 | 75 | 1,561 | 0 |
| 30 Sep 21 | 4,122 | 131 | 1,498 | 0 |
| 30 Jun 21 | 3,861 | 84 | 1,409 | 0 |
| 31 Mar 21 | 3,601 | 19 | 1,340 | 0 |
| 31 Dec 20 | 3,563 | -3 | 1,322 | 0 |
| 30 Sep 20 | 3,518 | 0 | 1,306 | 0 |
| 30 Sep 19 | 3,415 | 219 | 1,190 | 0 |
| 30 Sep 18 | 3,038 | 12 | 1,045 | 0 |
| 30 Sep 17 | 1,788 | 55 | 636 | 0 |
| 30 Sep 16 | 649 | 18 | 254 | 0 |
Quality Earnings: PCO has a large one-off loss of €107.5M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: PCO's current net profit margins (4.8%) are higher than last year (4.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PCO's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: PCO's earnings growth over the past year (56.5%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: PCO earnings growth over the past year (56.5%) exceeded the Multiline Retail industry 41%.
Return on Equity
High ROE: Whilst PCO's Return on Equity (110.94%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 01:53 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Pepco Group N.V. is covered by 28 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Anstead | Barclays |
| Matthew Clements | Barclays |
| Janusz Pieta | Biuro maklerskie mBanku |