NVA.WAR PA Nova S.A.
- Market cap
- PLN 185M
- P/E
- 3.6x
- P/B
- 0.34x
- ROE
- 15.4%
- Dividend yield
- 4.03%
- Fundamental score
- 3.6/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is NVA.WAR undervalued?
Graham numberThe Graham number of PA Nova S.A. cannot be estimated reliably (the estimate is too far from the market price).
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?
PA Nova S.A. fundamental analysis
19 of 22 checks passedROE 1/2
Moderate return on equity (15.4%), between 10% and 20%.
ROA 1/1
Return on assets (8.1%) 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 (-1.8%) is not above the 5-year average (9.0% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (-1.8%) is above the industry median (-12.6%).
Revenue Growth 1/2
Revenue grew 6.1% 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 (60.9%), up to 100%.
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 5.9x against interest expense, well covered.
PE vs Market 1/1
PE (3.6x) is below the market median (11.6x).
PE vs Industry 1/1
PE (3.6x) is below the industry median (12.9x).
PBV 1/1
Price to book (0.3x) is below the industry median (1.9x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 1.2, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.40, growth is cheap.
Dividend Yield 1/2
Dividend yield (4.0%) 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 33.9%, 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
PA Nova S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About PA Nova S.A.
P.A. Nova S.A. engages in the construction business in Poland. It is involved in the execution of general and industrial construction facilities; provision of design services; development activities; management of a portfolio of real estate; and delivery and implementation of computer systems, such as CAD/PDM/GIS, as well as training of engineers and designers. The company was founded in 1987 and is headquartered in Gliwice, Poland.
Full company profilePA Nova 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.
PA Nova 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 | 183M | 255M | 184M | 284M | 153M | 200M | 206M | 351M | 284M | 246M | 420M |
| Gross Profit | 48.5M | 62.4M | 44.6M | 56.1M | 36.8M | 49.5M | 55.5M | 73.9M | 60.1M | 56.6M | 123M |
| Operating Income | 47.1M | 41.6M | 34.9M | 46.0M | 29.8M | 40.1M | 45.2M | 62.3M | 48.2M | 39.6M | 112M |
| EBITDA | 47.6M | 38.0M | 36.7M | 66.5M | 32.1M | 40.8M | 47.1M | 62.7M | 57.3M | 46.0M | 119M |
| Net Income | 26.8M | 25.0M | 17.7M | 36.1M | 14.3M | 23.4M | 22.9M | 34.8M | 22.4M | 22.1M | 82.8M |
| EPS | 2.69 | 2.50 | 1.77 | 3.62 | 1.44 | 2.35 | 2.30 | 3.46 | 2.25 | 2.21 | 8.31 |
| Balance Sheet | |||||||||||
| Total Assets | 817M | 843M | 914M | 899M | 828M | 872M | 949M | 920M | 943M | 993M | 1.02B |
| Total Liabilities | 500M | 497M | 558M | 505M | 433M | 452M | 514M | 442M | 447M | 481M | 484M |
| Shareholders' Equity | 317M | 346M | 356M | 393M | 394M | 420M | 436M | 479M | 497M | 513M | 539M |
| Cash & Short-term Investments | 31.8M | 36.0M | 36.9M | 38.9M | 43.9M | 63.9M | 57.9M | 64.8M | 60.1M | 65.9M | 130M |
| Total Debt | 474M | 400M | 397M | 373M | 359M | 365M | 405M | 338M | 331M | 375M | 329M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 52.9M | 65.3M | 5.87M | 11.1M | 83.5M | -5.61M | 8.91M | 40.9M | 25.4M | -19.3M | 227M |
| Capital Expenditure | 45.3M | 38.5M | 29.3M | 19.4M | 29.2M | 6.60M | 10.7M | 862K | 1.41M | 3.07M | 1.19M |
| Free Cash Flow | 7.56M | 26.7M | -23.5M | -8.34M | 54.3M | -12.2M | -1.76M | 40.1M | -13.1M | -36.9M | 225M |
| Ratios | |||||||||||
| ROE | 8.5% | 7.2% | 5.0% | 9.2% | 3.6% | 5.6% | 5.3% | 7.3% | 4.5% | 4.3% | 15.4% |
| ROA | 3.3% | 3.0% | 1.9% | 4.0% | 1.7% | 2.7% | 2.4% | 3.8% | 2.4% | 2.2% | 8.1% |
| Net Profit Margin | 14.7% | 9.8% | 9.6% | 12.7% | 9.4% | 11.7% | 11.1% | 9.9% | 7.9% | 8.9% | 19.7% |
| Debt to Equity | 1.50x | 1.15x | 1.12x | 0.95x | 0.91x | 0.87x | 0.93x | 0.71x | 0.67x | 0.73x | 0.61x |
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.
PA Nova S.A. dividends
- Dividend yield
- 4.03%
- Forward dividend
- 1.00 PLN
- Payout ratio
- 33.9%
- Ex-dividend date
- Jul 3, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 7.48M | 0.75 | 33.9% |
| 2024 | PLN 6.98M | 0.70 | 31.1% |
| 2023 | PLN 6.48M | 0.64 | 18.6% |
| 2022 | PLN 5.98M | 0.60 | 26.1% |
| 2021 | - | - | - |
| 2020 | PLN 559K | 0.06 | 3.9% |
| 2019 | PLN 5.90M | 0.59 | 16.4% |
| 2018 | PLN 5.90M | 0.59 | 33.4% |
| 2017 | PLN 7.48M | 0.75 | 29.9% |
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 PA Nova S.A.
- Insiders 48.03%
- Institutions 32.98%
- Public & others 18.99%
- Shares outstanding 9.97M
- Free float 4.28M
PA Nova S.A. company profile
- Company name
- PA Nova S.A.
- Ticker
- NVA.WAR
- ISIN
- PLPANVA00013
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 182
- Fiscal year end
- December
- Address
- GórnychWalów Street 42, Gliwice, Poland, 44-100
- Phone
- 48 32 400 4100
- Website
- panova.pl
About PA Nova S.A.
P.A. Nova S.A. engages in the construction business in Poland. It is involved in the execution of general and industrial construction facilities; provision of design services; development activities; management of a portfolio of real estate; and delivery and implementation of computer systems, such as CAD/PDM/GIS, as well as training of engineers and designers. The company was founded in 1987 and is headquartered in Gliwice, Poland.
PA Nova S.A. management
5- Mr. Tomasz JanikPresident of the Management Board
- Ms. Ewa BobkowskaVice President of the Management Board
- Dr. Stanislaw LessaerVice-President of Management Board
- Ms. Agnieszka BobkowskaSecretary of the Supervisory Board & Member of the Supervisory Board
- Jacek TajsterInvestment Director