ATR.WAR Atrem S.A.
- Market cap
- PLN 488M
- P/E
- 12.8x
- P/B
- 7.76x
- ROE
- 34.7%
- Dividend yield
- 3.19%
- Fundamental score
- 3.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is ATR.WAR undervalued?
Graham numberATR.WAR trades 110.4% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Atrem S.A. fundamental analysis
17 of 22 checks passedROE 2/2
High return on equity (34.7%), above 20%.
ROA 1/1
Return on assets (10.1%) is above the industry median (2.9%).
Profit Consistency 2/2
Profitable for 6 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (140.9%) is above the 5-year average (74.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (140.9%) is above the industry median (-12.6%).
Revenue Growth 2/2
Revenue grew 41.2% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (25.6%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 1/1
EBIT is 12.1x against interest expense, well covered.
PE vs Market 0/1
PE (12.8x) is above the market median (11.6x).
PE vs Industry 1/1
PE (12.8x) is below the industry median (12.9x).
PBV 0/1
Price to book (7.8x) is above the industry median (1.9x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 99.6, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.17, growth is cheap.
Dividend Yield 1/2
Dividend yield (3.2%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 41.5%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Atrem S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Atrem S.A.
Atrem S.A. provides engineering support services for large infrastructure and construction projects in Poland. The company design and construct low-voltage, medium-voltage, and high-voltage lines, high-voltage and medium-voltage substations, and buildings and industrial facilities; and offers design and formal work related to investment preparation, as well as general contractor services. It also provides various services, including design, installation, and integration of s…
Full company profileAtrem S.A. financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Atrem S.A. annual financial statements (PLN; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 116M | 77.9M | 133M | 123M | 86.4M | 101M | 111M | 142M | 187M | 312M | 290M |
| Gross Profit | 13.1M | 9.05M | 13.1M | 7.95M | 9.30M | 12.2M | 15.4M | 22.7M | 34.5M | 66.6M | 50.4M |
| Operating Income | -4.39M | -5.31M | -2.88M | -8.00M | -2.06M | 6.51M | 4.64M | 8.83M | 19.7M | 45.0M | 26.4M |
| EBITDA | -2.17M | -3.59M | -1.92M | -5.27M | 3.45M | 9.09M | 6.45M | 10.9M | 25.8M | 47.7M | 29.3M |
| Net Income | -6.42M | -7.20M | -4.48M | -7.95M | 2.32M | 6.18M | 2.53M | 5.95M | 15.6M | 37.6M | 22.4M |
| EPS | -0.70 | -0.78 | -0.49 | -0.86 | 0.25 | 0.67 | 0.27 | 0.65 | 1.69 | 4.08 | 2.42 |
| Balance Sheet | |||||||||||
| Total Assets | 85.4M | 74.8M | 82.8M | 78.2M | 80.5M | 101M | 86.4M | 114M | 177M | 249M | 221M |
| Total Liabilities | 31.3M | 27.9M | 40.4M | 48.5M | 48.5M | 62.3M | 51.3M | 73.5M | 126M | 176M | 156M |
| Shareholders' Equity | 54.1M | 46.9M | 42.4M | 29.7M | 32.0M | 38.7M | 35.2M | 40.1M | 51.2M | 73.2M | 64.5M |
| Cash & Short-term Investments | 12.4M | 2.49M | 5.52M | 2.23M | 212K | 2.70M | 66.0K | 150K | 2.32M | 8.53M | 5.74M |
| Total Debt | 8.45M | 5.14M | 2.87M | 13.8M | 13.9M | 11.2M | 12.0M | 15.2M | 23.2M | 10.00M | 16.5M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 4.36M | -5.15M | 6.34M | -12.2M | 2.05M | 8.77M | 3.38M | 15.9M | 32.0M | 20.5M | -15.1M |
| Capital Expenditure | 2.97M | 1.44M | 1.23M | 307K | 211K | 485K | 485K | 540K | 1.06M | 695K | 3.03M |
| Free Cash Flow | 1.39M | -6.59M | 5.11M | -12.5M | 1.84M | 8.77M | 2.89M | 15.3M | 28.2M | 17.9M | -18.1M |
| Ratios | |||||||||||
| ROE | -11.9% | -15.4% | -10.6% | -26.8% | 7.2% | 15.9% | 7.2% | 14.8% | 30.5% | 51.4% | 34.7% |
| ROA | -7.5% | -9.6% | -5.4% | -10.2% | 2.9% | 6.1% | 2.9% | 5.2% | 8.8% | 15.1% | 10.1% |
| Net Profit Margin | -5.6% | -9.2% | -3.4% | -6.4% | 2.7% | 6.1% | 2.3% | 4.2% | 8.3% | 12.1% | 7.7% |
| Debt to Equity | 0.16x | 0.11x | 0.07x | 0.47x | 0.43x | 0.29x | 0.34x | 0.38x | 0.45x | 0.14x | 0.26x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Atrem S.A. dividends
- Dividend yield
- 3.19%
- Forward dividend
- 2.16 PLN
- Payout ratio
- 41.5%
- Ex-dividend date
- Aug 7, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 15.6M | 1.69 | 41.5% |
| 2024 | PLN 4.52M | 0.49 | 29.0% |
| 2023 | PLN 1.02M | 0.11 | 17.0% |
| 2022 | PLN 6.09M | 0.66 | 240.8% |
| 2021 | PLN 6.09M | 0.66 | 98.6% |
| 2020 | PLN 6.09M | 0.66 | 263.0% |
| 2019 | PLN 6.09M | 0.66 | - |
| 2018 | - | - | - |
| 2017 | - | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Atrem S.A.
- Insiders 72.93%
- Institutions 2.79%
- Public & others 24.28%
- Shares outstanding 9.23M
- Free float 2.61M
Atrem S.A. company profile
- Company name
- Atrem S.A.
- Ticker
- ATR.WAR
- ISIN
- PLATREM00017
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 153
- Fiscal year end
- December
- Address
- Plac Koscieleckich 3, Bydgoszcz, Poland, 85-033
- Phone
- 48 60 231 4270
- Website
- atrem.pl
About Atrem S.A.
Atrem S.A. provides engineering support services for large infrastructure and construction projects in Poland. The company design and construct low-voltage, medium-voltage, and high-voltage lines, high-voltage and medium-voltage substations, and buildings and industrial facilities; and offers design and formal work related to investment preparation, as well as general contractor services. It also provides various services, including design, installation, and integration of security systems, video surveillance, telecommunications and IT systems, building automation, and fire protection systems; and conceptual design, design, and implementation work in the construction, renovation, and modernization of industrial facilities, as well as their operation and maintenance, including automation, telemetry, and measurement systems. In addition, the company constructs wind farms, photovoltaic farms, cogeneration and trigeneration systems, and biogas and biomethane plants. The company was founded in 1999 and is headquartered in Bydgoszcz, Poland. Atrem S.A. operates as a subsidiary of Grupa Kapitalowa IMMOBILE S.A.
Atrem S.A. management
3- Mr. Andrzej GolawskiChairman of Management Board · born 1972
- Mr. Przemyslaw A. SzmytCTO & VP of the Management Board · born 1963
- Mr. Dariusz JarekMember of the Management Board