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ZE PAK SAWSE:ZEP Stock Report

Market Cap zł962.6m
Share Price
zł18.94
zł26.1
27.4% undervalued intrinsic discount
1Y-21.4%
7D1.0%
1D
Portfolio Value
​
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ZE PAK SA

WSE:ZEP Stock Report

Market Cap: zł962.6m

ZE PAK (ZEP) Stock Overview

Produces and sells electricity and heat in Poland. More details

ZEP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 92.1% below our estimate of its fair value

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years


ZEP Community Fair Values

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

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ZE PAK SA Competitors

Price History & Performance

Summary of share price highs, lows and changes for ZE PAK
Historical stock prices
Current Share Pricezł18.94
52 Week Highzł30.85
52 Week Lowzł15.50
Beta0.24
1 Month Change-1.35%
3 Month Change1.83%
1 Year Change-21.41%
3 Year Change-13.52%
5 Year Change84.78%
Change since IPO-26.87%

Recent News & Updates

Analysis Article • Dec 07

Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) Shareholders

A lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...
Analysis Article • Dec 05

ZE PAK (WSE:ZEP) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Recent updates

Analysis Article • Dec 07

Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) Shareholders

A lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...
Analysis Article • Dec 05

ZE PAK (WSE:ZEP) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Aug 07

ZE PAK (WSE:ZEP) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article • May 15

ZE PAK SA (WSE:ZEP) Held Back By Insufficient Growth Even After Shares Climb 38%

ZE PAK SA ( WSE:ZEP ) shareholders have had their patience rewarded with a 38% share price jump in the last month. The...
Analysis Article • Jan 24

Improved Earnings Required Before ZE PAK SA (WSE:ZEP) Stock's 34% Jump Looks Justified

ZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...
Analysis Article • Jan 24

ZE PAK SA's (WSE:ZEP) Shares Bounce 34% But Its Business Still Trails The Market

ZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...
Analysis Article • Dec 04

ZE PAK (WSE:ZEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Last week's profit announcement from ZE PAK SA ( WSE:ZEP ) was underwhelming for investors, despite headline numbers...
Analysis Article • May 07

Solid Earnings May Not Tell The Whole Story For ZE PAK (WSE:ZEP)

The recent earnings posted by ZE PAK SA ( WSE:ZEP ) were solid, but the stock didn't move as much as we expected. We...
Analysis Article • Jan 19

We Think Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 20

News Flash: Analysts Just Made A Stunning Upgrade To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) Forecasts

Shareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...
Analysis Article • Oct 14

Zespól Elektrowni Patnów-Adamów-Konin's (WSE:ZEP) Returns On Capital Tell Us There Is Reason To Feel Uneasy

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Aug 12

These 4 Measures Indicate That Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jul 08

Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Could Be Struggling To Allocate Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Analysis Article • Dec 11

Upgrade: Analysts Just Made A Substantial Increase To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) Forecasts

Shareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...
Analysis Article • Nov 25

Is Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Weighed On By Its Debt Load?

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

Robust Earnings May Not Tell The Whole Story For Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP)

Zespól Elektrowni Patnów-Adamów-Konin S.A.'s ( WSE:ZEP ) stock didn't jump after it announced some healthy earnings...

Shareholder Returns

ZEPPL Electric UtilitiesPL Market
7D1.0%-0.7%-0.5%
1Y-21.4%18.9%25.6%

Return vs Industry: ZEP underperformed the Polish Electric Utilities industry which returned 17.5% over the past year.

Return vs Market: ZEP underperformed the Polish Market which returned 25.1% over the past year.

Price Volatility

Is ZEP's price volatile compared to industry and market?
ZEP volatility
ZEP Average Weekly Movement4.4%
Electric Utilities Industry Average Movement6.6%
Market Average Movement5.3%
10% most volatile stocks in PL Market10.7%
10% least volatile stocks in PL Market3.1%

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

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

About the Company

FoundedEmployeesCEOWebsite
19582,419Piotr Zakwww.zepak.com.pl

ZE PAK SA produces and sells electricity and heat in Poland. The company produces energy from conventional and renewable sources, such as wind sources, photovoltaics, and biomass, as well as through lignite-fired power plants. It also engages in the construction and installation work, maintenance work, services, manufacturing, commercial activities, coal mining, and coal-based energy production.

ZE PAK SA Fundamentals Summary

How do ZE PAK's earnings and revenue compare to its market cap?
ZEP fundamental statistics
Market capzł962.60m
Earnings (TTM)-zł164.43m
Revenue (TTM)zł1.33b
0.7x
P/S Ratio
-5.9x
P/E Ratio

Is ZEP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZEP income statement (TTM)
Revenuezł1.33b
Cost of Revenuezł1.22b
Gross Profitzł115.28m
Other Expenseszł279.71m
Earnings-zł164.43m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 29, 2026

Earnings per share (EPS)-3.24
Gross Margin8.64%
Net Profit Margin-12.33%
Debt/Equity Ratio28.9%

How did ZEP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 14:44
End of Day Share Price 2026/05/21 00:00
Earnings2025/12/31
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

ZE PAK SA is covered by 4 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
Tomasz DudaErste Group Bank AG
Milena Olszewska-MiszurisING Groep NV
Javier Fernandez GarridoJ.P. Morgan