MRB.WAR Mirbud SA
- Market cap
- PLN 1.32B
- P/E
- 10.9x
- P/B
- 1.08x
- ROE
- 7.4%
- Dividend yield
- 0.83%
- Fundamental score
- 2.5/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is MRB.WAR undervalued?
Graham numberMRB.WAR trades 27.6% 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?
Mirbud SA fundamental analysis
13 of 22 checks passedROE 0/2
Low return on equity (7.4%), below 10%.
ROA 0/1
Return on assets (2.8%) is below 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 (-7.5%) is not above the 5-year average (10.0% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (-7.5%) is above the industry median (-12.6%).
Revenue Growth 0/2
Revenue shrank 3.8% 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 1/2
Moderate debt to equity (50.8%), up to 100%.
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 0/1
EBIT is 4.0x against interest expense, below 5x.
PE vs Market 1/1
PE (10.9x) is below the market median (11.6x).
PE vs Industry 1/1
PE (10.9x) is below the industry median (12.9x).
PBV 1/1
Price to book (1.1x) is below the industry median (1.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 11.8, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.09, above 1.
Dividend Yield 0/2
Dividend yield (0.8%) is in 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 9.8%, 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
Mirbud SA stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Mirbud SA
Mirbud S.A. operates as a general contractor in the construction industry in Poland. The company offers industrial construction services, such as production hall, logistics hall, and cold store and freezer construction, as well as turnkey works and design services; and public utility buildings such as hospitals, offices, commune offices, customs offices, schools, hotels, sports halls, gyms, pitches, tracks, didactic buildings, specialised research units, car showrooms and se…
Full company profileMirbud 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.
Mirbud 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 | 774M | 860M | 1.14B | 949M | 1.24B | 2.51B | 3.32B | 3.32B | 3.25B | 2.95B | 2.91B |
| Gross Profit | 71.2M | 84.2M | 93.2M | 101M | 137M | 232M | 270M | 336M | 291M | 227M | 265M |
| Operating Income | 41.5M | 47.9M | 51.0M | 55.7M | 84.3M | 179M | 178M | 224M | 188M | 168M | 150M |
| EBITDA | 51.2M | 58.3M | 62.1M | 52.3M | 107M | 193M | 211M | 228M | 213M | 129M | 188M |
| Net Income | 19.5M | 22.8M | 24.6M | 28.1M | 58.2M | 128M | 119M | 135M | 121M | 112M | 89.8M |
| EPS | 0.24 | 0.28 | 0.30 | 0.31 | 0.63 | 1.40 | 1.30 | 1.48 | 1.10 | 1.02 | 0.82 |
| Balance Sheet | |||||||||||
| Total Assets | 956M | 1.00B | 1.08B | 1.15B | 1.54B | 2.04B | 2.25B | 2.28B | 2.41B | 2.87B | 3.26B |
| Total Liabilities | 625M | 648M | 697M | 741M | 1.08B | 1.46B | 1.57B | 1.49B | 1.32B | 1.68B | 2.04B |
| Shareholders' Equity | 279M | 302M | 326M | 405M | 462M | 582M | 682M | 794M | 1.10B | 1.19B | 1.22B |
| Cash & Short-term Investments | 44.5M | 46.5M | 64.1M | 108M | 289M | 468M | 548M | 431M | 399M | 273M | 182M |
| Total Debt | 260M | 246M | 237M | 263M | 234M | 313M | 311M | 269M | 356M | 450M | 618M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 32.8M | 68.4M | 48.9M | 28.2M | 248M | 205M | 133M | 148M | -48.0M | -58.0M | -462M |
| Capital Expenditure | 8.55M | 4.93M | 1.53M | 20.5M | 9.68M | 2.91M | 7.14M | 114M | 95.6M | 31.1M | 83.7M |
| Free Cash Flow | 24.2M | 63.5M | 47.4M | 7.74M | 238M | 202M | 126M | 33.4M | -144M | -106M | -574M |
| Ratios | |||||||||||
| ROE | 7.0% | 7.6% | 7.6% | 6.9% | 12.6% | 22.0% | 17.5% | 17.1% | 11.1% | 9.4% | 7.4% |
| ROA | 2.0% | 2.3% | 2.3% | 2.5% | 3.8% | 6.3% | 5.3% | 5.9% | 5.0% | 3.9% | 2.8% |
| Net Profit Margin | 2.5% | 2.7% | 2.2% | 3.0% | 4.7% | 5.1% | 3.6% | 4.1% | 3.7% | 3.8% | 3.1% |
| Debt to Equity | 0.93x | 0.81x | 0.73x | 0.65x | 0.51x | 0.54x | 0.46x | 0.34x | 0.32x | 0.38x | 0.51x |
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.
Mirbud SA dividends
- Dividend yield
- 0.83%
- Forward dividend
- 0.20 PLN
- Payout ratio
- 9.8%
- Ex-dividend date
- Jun 30, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 11.0M | 0.10 | 9.8% |
| 2024 | PLN 19.3M | 0.17 | 15.9% |
| 2023 | PLN 25.9M | 0.28 | 19.1% |
| 2022 | PLN 18.3M | 0.20 | 15.4% |
| 2021 | PLN 7.34M | 0.08 | 5.7% |
| 2020 | PLN 1.84M | 0.02 | 3.2% |
| 2019 | PLN 1.84M | 0.02 | 6.5% |
| 2018 | PLN 280K | 0.00 | 1.1% |
| 2017 | PLN 280K | 0.00 | 1.2% |
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 Mirbud SA
- Insiders 37.95%
- Institutions 28.90%
- Public & others 33.15%
- Shares outstanding 110M
- Free float 68.3M
Mirbud SA company profile
- Company name
- Mirbud SA
- Ticker
- MRB.WAR
- ISIN
- PLMRBUD00015
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 1,029
- Fiscal year end
- December
- Address
- Unii Europejskiej 18, Skierniewice, Poland, 96-100
- Phone
- 48 46 833 9865
- Website
- mirbud.pl
About Mirbud SA
Mirbud S.A. operates as a general contractor in the construction industry in Poland. The company offers industrial construction services, such as production hall, logistics hall, and cold store and freezer construction, as well as turnkey works and design services; and public utility buildings such as hospitals, offices, commune offices, customs offices, schools, hotels, sports halls, gyms, pitches, tracks, didactic buildings, specialised research units, car showrooms and service stations, and football stadiums. It also engages in the construction of large-scale commercial facilities, including shopping malls, exhibition and market halls, congress, and hotel facilities; road engineering works comprising roads with crossings, junctions, roundabouts, and accompanying infrastructure; and streets, car parks, sidewalks, railway sidings, tram lines, viaducts, bridges, and culverts. In addition, the company is involved in the housing construction and citygenic projects. Mirbud S.A. was founded in 1988 is based in Skierniewice, Poland.
Mirbud SA management
8- Mr. Jerzy MirgosChairman of the Management Board
- Mr. Slawomir NowakVice-President of Management Board
- Ms. Anna WiezowskaChief Accountant & Member of Management Board
- Mr. Pawel KorzeniowskiMember of the Management Board
- Mr. Tomasz SalataTechnical Director & Member of Management Board
- Ms. Agnieszka Maria BujnowskaSecretary of the Supervisory Board & Member of Supervisory Board
- Mr. Michal NiemytMember of the Management Board
- Mr. Waclaw JankowskiHead of the Legal Department