MNC.WAR Mennica Polska S.A.
- Market cap
- PLN 1.93B
- P/E
- 10.8x
- P/B
- 1.62x
- ROE
- 18.1%
- Dividend yield
- 2.90%
- Fundamental score
- 3.2/5
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is MNC.WAR undervalued?
Graham numberMNC.WAR trades 12.0% 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?
Mennica Polska S.A. fundamental analysis
16 of 22 checks passedROE 1/2
Moderate return on equity (18.1%), between 10% and 20%.
ROA 1/1
Return on assets (8.4%) is above the industry median (2.2%).
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 (425.9%) is above the 5-year average (53.9% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (425.9%) is above the industry median (37.1%).
Revenue Growth 2/2
Revenue grew 12.5% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 0/1
Current assets do not cover long-term liabilities.
Debt to Equity 1/2
Moderate debt to equity (51.1%), up to 100%.
Debt Trend 0/1
Debt to equity has 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 12.4x against interest expense, well covered.
PE vs Market 1/1
PE (10.8x) is below the market median (11.6x).
PE vs Industry 0/1
PE (10.8x) is above the industry median (10.2x).
PBV 0/1
Price to book (1.6x) is above the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 17.4, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.20, growth is cheap.
Dividend Yield 1/2
Dividend yield (2.9%) 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 11.3%, 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
Mennica Polska S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Mennica Polska S.A.
Mennica Polska S.A. manufactures and distributes mint products, investment products, and engraving and medal products in Poland. The company operates through four segments: Mint Products, Electronic Payments, Property Rental, and Property Development. It produces and sells mint products, including circulation and collector coins; gold and silver investment products comprising bars and bullion coins; tokens and other mint products; and engraved/medallist products, such as med…
Full company profileMennica Polska S.A. financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Mennica Polska 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 | 882M | 927M | 1.04B | 669M | 943M | 1.31B | 1.28B | 1.23B | 1.39B | 1.83B | 2.97B |
| Gross Profit | 86.8M | 75.1M | 127M | 67.3M | 129M | 149M | 114M | 155M | 178M | 194M | 606M |
| Operating Income | 42.8M | 124M | 79.8M | 34.1M | 77.7M | 88.4M | 51.8M | 111M | 102M | 126M | 511M |
| EBITDA | 65.1M | 94.9M | 102M | 35.4M | 95.6M | 140M | 62.2M | 165M | 150M | 139M | 579M |
| Net Income | 47.0M | 124M | 67.4M | -1.20M | 57.8M | 87.0M | 32.4M | 91.5M | 94.9M | 498M | 218M |
| EPS | 0.92 | 2.43 | 1.32 | -0.02 | 1.13 | 1.70 | 0.64 | 1.79 | 1.86 | 9.77 | 4.27 |
| Balance Sheet | |||||||||||
| Total Assets | 844M | 961M | 814M | 970M | 882M | 918M | 967M | 1.09B | 1.40B | 2.80B | 2.59B |
| Total Liabilities | 375M | 365M | 204M | 412M | 295M | 277M | 329M | 341M | 617M | 1.11B | 1.18B |
| Shareholders' Equity | 411M | 539M | 556M | 505M | 587M | 641M | 638M | 673M | 780M | 1.69B | 1.20B |
| Cash & Short-term Investments | 44.4M | 242M | 174M | 161M | 105M | 96.8M | 54.9M | 217M | 122M | 113M | 47.0M |
| Total Debt | 196M | 291K | 106K | 78.0M | 80.3M | 76.0M | 82.4M | 77.8M | 365M | 215M | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 91.3M | 58.2M | 75.8M | 78.9M | -15.3M | 36.6M | 9.63M | 165M | 39.5M | 301M | 112M |
| Capital Expenditure | 35.3M | 51.6M | 31.5M | 11.3M | 14.0M | 14.2M | 10.9M | 11.1M | 15.9M | 10.3M | 58.4M |
| Free Cash Flow | 56.0M | 6.64M | 44.3M | 67.6M | -30.5M | 21.0M | -2.24M | 154M | 23.6M | 291M | 53.2M |
| Ratios | |||||||||||
| ROE | 11.4% | 23.0% | 12.1% | -0.2% | 9.8% | 13.6% | 5.1% | 13.6% | 12.2% | 29.5% | 18.1% |
| ROA | 5.6% | 12.9% | 8.3% | -0.1% | 6.6% | 9.5% | 3.4% | 8.4% | 6.8% | 17.8% | 8.4% |
| Net Profit Margin | 5.3% | 13.4% | 6.5% | -0.2% | 6.1% | 6.6% | 2.5% | 7.4% | 6.8% | 27.3% | 7.3% |
| Debt to Equity | 0.48x | 0.00x | 0.00x | 0.15x | 0.14x | 0.12x | 0.13x | 0.12x | 0.47x | 0.13x | - |
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.
Mennica Polska S.A. dividends
- Dividend yield
- 2.90%
- Forward dividend
- 1.50 PLN
- Payout ratio
- 11.3%
- Ex-dividend date
- May 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 56.1M | 1.10 | 11.3% |
| 2024 | PLN 63.9M | 1.25 | 67.3% |
| 2023 | PLN 5.11M | 0.10 | 5.6% |
| 2022 | PLN 35.8M | 0.70 | 110.2% |
| 2021 | PLN 35.8M | 0.70 | 41.1% |
| 2020 | PLN 25.6M | 0.50 | 44.2% |
| 2019 | PLN 51.1M | 1.00 | - |
| 2018 | PLN 51.1M | 1.00 | 75.9% |
| 2017 | PLN 35.8M | 0.70 | 28.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 10:1 on May 30, 2011.
Who owns Mennica Polska S.A.
- Insiders 62.05%
- Institutions 24.30%
- Public & others 13.65%
- Shares outstanding 51.0M
- Free float 19.8M
Mennica Polska S.A. company profile
- Company name
- Mennica Polska S.A.
- Ticker
- MNC.WAR
- ISIN
- PLMNNCP00011
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 408
- Fiscal year end
- December
- Address
- ul. Ciasna 6, Warsaw, Poland, 00-232
- Phone
- 48 22 656 4200
- Website
- mennica.com.pl
About Mennica Polska S.A.
Mennica Polska S.A. manufactures and distributes mint products, investment products, and engraving and medal products in Poland. The company operates through four segments: Mint Products, Electronic Payments, Property Rental, and Property Development. It produces and sells mint products, including circulation and collector coins; gold and silver investment products comprising bars and bullion coins; tokens and other mint products; and engraved/medallist products, such as medals, decorations, badges, seals, date stamps, and assay marks, as well as engages in the marketing and sale activities relating to the promotion and distribution of collector coins, numismatic products, and investment products consist of gold bars and bullion coins. It is also involved in electronic payments, including operation of city card systems, sale of public transport and railway tickets, prepaid cards, maintenance services, and sale of technical equipment, as well as design, implementation, and maintenance of public transport fare collection systems, as well as distribution of electronic and paper tickets; and ticket sales through e-commerce and mobile channels. In addition, the company engages in the execution of property development projects; leases office, warehouse spaces, and commercial premises; property management; and other investment activities, as well as manages rental spaces. It serves bank, foreign issuers, domestic and foreign distributors of mint products, collectors, investors, and corporations interested in token products; local governments operating public transport, railway companies, and private individuals; and institutional customers. The company also exports its products. Mennica Polska S.A. was founded in 1766 and is based in Warsaw, Poland.
Mennica Polska S.A. management
4- Ms. Katarzyna Budnicka-FilipiukPresident of the Management Board & CEO
- Ms. Malgorzata Lis-WasowskaMember of the Management Board for Finance
- Mr. Siemowit KalukiewiczMember of the Management Board for Monetary Production & Logistics
- Mr. Pawel Tomasz BrukszoSecretary