INK.WAR INSTAL KRAKÓW SA
- Market cap
- PLN 259M
- P/E
- 4.8x
- P/B
- 0.66x
- ROE
- 7.6%
- Dividend yield
- 7.02%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is INK.WAR undervalued?
Graham numberINK.WAR trades 62.5% below 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?
INSTAL KRAKÓW SA fundamental analysis
17 of 22 checks passedROE 0/2
Low return on equity (7.6%), below 10%.
ROA 1/1
Return on assets (5.7%) is above the industry median (2.9%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-17.7%) is not above the 5-year average (13.5% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-17.7%) is below the industry median (-12.6%).
Revenue Growth 0/2
Revenue shrank 4.9% 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 (3.8%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 51.6x against interest expense, well covered.
PE vs Market 1/1
PE (4.8x) is below the market median (11.6x).
PE vs Industry 1/1
PE (4.8x) is below the industry median (12.9x).
PBV 1/1
Price to book (0.7x) is below the industry median (1.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 3.2, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.36, growth is cheap.
Dividend Yield 2/2
Dividend yield (7.0%) is in the top 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 41.8%, 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
INSTAL KRAKÓW SA stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About INSTAL KRAKÓW SA
Instal Kraków S.A. engages in the construction business in Poland and internationally. It constructs and assembles industrial, commercial, sports, public facilities, etc.; desulphurization, denitrification, ash removal, slagging, and pneumatic transport facilities; municipal and industrial sewage treatment plants; sludge dryer and thermal waste treatment plants; water demineralization and treatment stations; water intakes; ozone and water production installations, pumping st…
Full company profileINSTAL KRAKÓW SA 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.
INSTAL KRAKÓW SA 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 | 358M | 408M | 487M | 442M | 411M | 380M | 398M | 418M | 375M | 342M | 281M |
| Gross Profit | 37.6M | 45.4M | 70.8M | 77.2M | 65.7M | 72.5M | 76.0M | 87.2M | 103M | 108M | 89.4M |
| Operating Income | 13.9M | 15.9M | 38.6M | 33.3M | 31.0M | 36.8M | 36.2M | 42.4M | 64.5M | 55.5M | 38.0M |
| EBITDA | 18.0M | 19.2M | 45.0M | 41.2M | 38.9M | 43.1M | 46.2M | 51.5M | 72.8M | 60.8M | 43.0M |
| Net Income | 9.47M | 12.1M | 31.2M | 23.9M | 23.2M | 26.9M | 29.0M | 35.3M | 52.9M | 43.6M | 30.0M |
| EPS | 1.30 | 1.67 | 3.43 | 4.41 | 3.18 | 3.69 | 3.98 | 4.84 | 7.26 | 5.98 | 4.12 |
| Balance Sheet | |||||||||||
| Total Assets | 359M | 399M | 396M | 410M | 404M | 438M | 465M | 541M | 518M | 508M | 529M |
| Total Liabilities | 140M | 172M | 139M | 141M | 126M | 135M | 142M | 193M | 134M | 96.3M | 123M |
| Shareholders' Equity | 212M | 221M | 250M | 261M | 270M | 294M | 313M | 338M | 372M | 398M | 395M |
| Cash & Short-term Investments | 4.23M | 65.9M | 44.4M | 45.3M | 93.7M | 93.5M | 38.1M | 89.4M | 27.0M | 29.5M | 40.7M |
| Total Debt | 27.7M | 14.8M | 20.2M | 29.8M | 25.4M | 33.0M | 31.0M | 24.8M | 15.8M | 15.6M | 14.9M |
| Cash Flow | |||||||||||
| Operating Cash Flow | -37.4M | 90.8M | -12.7M | 37.5M | 80.0M | 27.7M | -2.39M | 76.1M | 1.05M | 29.0M | 28.6M |
| Capital Expenditure | 4.37M | 7.97M | 3.23M | 8.83M | 900K | 1.03M | 1.26M | 2.41M | 1.20M | 468K | 486K |
| Free Cash Flow | -41.8M | 82.8M | -15.9M | 28.7M | 77.1M | 24.2M | -4.65M | 73.7M | -1.08M | 28.6M | 28.1M |
| Ratios | |||||||||||
| ROE | 4.5% | 5.5% | 12.5% | 9.2% | 8.6% | 9.1% | 9.3% | 10.4% | 14.2% | 11.0% | 7.6% |
| ROA | 2.6% | 3.0% | 7.9% | 5.8% | 5.7% | 6.1% | 6.2% | 6.5% | 10.2% | 8.6% | 5.7% |
| Net Profit Margin | 2.6% | 3.0% | 6.4% | 5.4% | 5.6% | 7.1% | 7.3% | 8.4% | 14.1% | 12.7% | 10.7% |
| Debt to Equity | 0.13x | 0.07x | 0.08x | 0.11x | 0.09x | 0.11x | 0.10x | 0.07x | 0.04x | 0.04x | 0.04x |
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.
INSTAL KRAKÓW SA dividends
- Dividend yield
- 7.02%
- Forward dividend
- 2.50 PLN
- Payout ratio
- 41.8%
- Ex-dividend date
- Aug 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 18.2M | 2.50 | 41.8% |
| 2024 | PLN 18.3M | 2.52 | 34.7% |
| 2023 | PLN 11.1M | 1.53 | 31.5% |
| 2022 | PLN 14.6M | 2.00 | 50.3% |
| 2021 | PLN 14.6M | 2.00 | 54.2% |
| 2020 | PLN 14.6M | 2.00 | 62.8% |
| 2019 | PLN 12.4M | 2.28 | 51.7% |
| 2018 | PLN 2.19M | 0.24 | 7.0% |
| 2017 | PLN 1.82M | 0.25 | 15.0% |
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 INSTAL KRAKÓW SA
- Insiders 46.97%
- Institutions 17.66%
- Public & others 35.37%
- Shares outstanding 7.29M
- Free float 3.38M
INSTAL KRAKÓW SA company profile
- Company name
- INSTAL KRAKÓW SA
- Ticker
- INK.WAR
- ISIN
- PLINSTK00013
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 521
- Fiscal year end
- December
- Address
- ul. Konstantego Brandla 1, Kraków, Poland, 30-732
- Phone
- 48 12 653 2347
- Website
- instalkrakow.pl
About INSTAL KRAKÓW SA
Instal Kraków S.A. engages in the construction business in Poland and internationally. It constructs and assembles industrial, commercial, sports, public facilities, etc.; desulphurization, denitrification, ash removal, slagging, and pneumatic transport facilities; municipal and industrial sewage treatment plants; sludge dryer and thermal waste treatment plants; water demineralization and treatment stations; water intakes; ozone and water production installations, pumping stations, and chlorination plants; external networks, water mains, and internal sewage and water installations; technological and industrial installations; gas reduction stations; heat exchangers and compact heat substations, gas-oil boiler rooms, and biogas utilization systems; heat networks; compressed air, vacuum, and pneumatic transport systems; and ventilation and air-conditioning systems. The company also constructs and executes storage tanks; silos; ventilation, air-conditioning, and dust removal systems; desulfurization and denitrification installation components; pipelines and equipment for transport media; load-bearing and supporting structures; protective barriers, platforms, and ladders; and machines and devices for various technological processes. In addition, it produces sediment scrapers and rod mixers, and heat exchangers; sells and rents real estate projects; repairs equipment, and installation power plants and industrial plants; and installs air conditioning and ventilation, heating and sanitary, heat centers, and technical gases equipment; assembles and prefabricates steel structures; and offers welding and foundry services. The company was founded in 1950 and is based in Kraków, Poland.
INSTAL KRAKÓW SA management
5- Mr. Piotr JuszczykPresident of the Management Board & CEO
- Mr. Malgorzata KoziolMember of Management Board & Director of Legal Department
- Mr. Grzegorz PilchSecretary of Supervisory Board & Member of the Supervisory Board
- Mr. Pawel OzgaFinance Director & Member of Management Board
- Mr. Tobiasz BurkotMember of Management Board & Director of Real Estate Division