TOR.WAR Torpol SA
- Market cap
- PLN 1.57B
- P/E
- 19.3x
- P/B
- 2.94x
- ROE
- 12.7%
- Dividend yield
- 1.98%
- Fundamental score
- 3.0/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is TOR.WAR undervalued?
Graham numberTOR.WAR trades 58.8% 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?
Torpol SA fundamental analysis
14 of 22 checks passedROE 1/2
Moderate return on equity (12.7%), between 10% and 20%.
ROA 1/1
Return on assets (4.9%) is above the industry median (2.9%).
Profit Consistency 2/2
Profitable for 8 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 (15.0%) is above the 5-year average (10.0% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (15.0%) is above the industry median (-12.6%).
Revenue Growth 2/2
Revenue grew 22.2% 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 (14.8%), 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 14.5x against interest expense, well covered.
PE vs Market 0/1
PE (19.3x) is above the market median (11.6x).
PE vs Industry 0/1
PE (19.3x) is above the industry median (12.9x).
PBV 0/1
Price to book (2.9x) is above the industry median (1.9x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 56.8, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 1.94, above 1.
Dividend Yield 0/2
Dividend yield (2.0%) 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 39.7%, 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
Torpol SA stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Torpol SA
Torpol S.A. engages in construction of railway infrastructure in Poland. The company offers railway infrastructure services in the construction and modernization of railway stations, tracks, and lines; implements track works; constructs overhead catenary system, power supply, and train traffic and control systems; and road and civil engineering structures. It also provides oil and gas infrastructure, including design and construction services for installation of the oil and …
Full company profileTorpol 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.
Torpol 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 | 770M | 752M | 1.53B | 1.60B | 1.39B | 1.12B | 1.08B | 1.09B | 1.46B | 1.98B | 1.83B |
| Gross Profit | 44.2M | 42.8M | 83.1M | 75.4M | 99.9M | 145M | 259M | 158M | 126M | 144M | 143M |
| Operating Income | 17.8M | 21.2M | 51.7M | 42.9M | 63.6M | 105M | 221M | 114M | 74.5M | 93.5M | 86.5M |
| EBITDA | 32.0M | 38.6M | 68.7M | 65.0M | 86.4M | 129M | 263M | 162M | 114M | 121M | 119M |
| Net Income | 10.3M | -26.7M | 19.2M | 29.1M | 48.5M | 77.1M | 184M | 102M | 67.9M | 78.1M | 67.7M |
| EPS | 0.45 | -1.16 | 0.83 | 1.27 | 2.11 | 3.36 | 8.00 | 4.44 | 2.96 | 3.40 | 2.95 |
| Balance Sheet | |||||||||||
| Total Assets | 681M | 790M | 843M | 1.28B | 1.04B | 959M | 1.03B | 1.13B | 1.21B | 1.46B | 1.38B |
| Total Liabilities | 463M | 609M | 643M | 1.06B | 793M | 667M | 621M | 626M | 677M | 882M | 846M |
| Shareholders' Equity | 219M | 182M | 202M | 224M | 252M | 293M | 408M | 510M | 529M | 577M | 532M |
| Cash & Short-term Investments | 209M | 187M | 34.5M | 204M | 405M | 432M | 496M | 516M | 240M | 656M | 454M |
| Total Debt | 137M | 85.2M | 116M | 172M | 128M | 106M | 82.1M | 65.9M | 79.0M | 64.7M | 78.9M |
| Cash Flow | |||||||||||
| Operating Cash Flow | -185M | 68.9M | -166M | 179M | 289M | 134M | 172M | 47.0M | -212M | 515M | -376M |
| Capital Expenditure | 5.45M | 16.1M | 8.83M | 18.7M | 5.96M | 7.59M | 15.3M | 27.0M | 28.1M | 41.8M | 37.2M |
| Free Cash Flow | -190M | 52.9M | -175M | 160M | 283M | 127M | 157M | 19.9M | -241M | 473M | -413M |
| Ratios | |||||||||||
| ROE | 4.7% | -14.6% | 9.5% | 13.0% | 19.3% | 26.3% | 45.0% | 20.0% | 12.8% | 13.5% | 12.7% |
| ROA | 1.5% | -3.4% | 2.3% | 2.3% | 4.7% | 8.0% | 17.9% | 9.0% | 5.6% | 5.4% | 4.9% |
| Net Profit Margin | 1.3% | -3.6% | 1.3% | 1.8% | 3.5% | 6.9% | 16.9% | 9.3% | 4.7% | 3.9% | 3.7% |
| Debt to Equity | 0.63x | 0.47x | 0.57x | 0.77x | 0.51x | 0.36x | 0.20x | 0.13x | 0.15x | 0.11x | 0.15x |
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.
Torpol SA dividends
- Dividend yield
- 1.98%
- Forward dividend
- 3.39 PLN
- Payout ratio
- 39.7%
- Ex-dividend date
- Jul 2, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 31.0M | 1.35 | 39.7% |
| 2024 | PLN 48.5M | 2.11 | 71.4% |
| 2023 | - | - | - |
| 2022 | PLN 68.9M | 3.00 | 37.5% |
| 2021 | PLN 35.1M | 1.53 | 45.6% |
| 2020 | PLN 20.7M | 0.90 | 42.6% |
| 2019 | PLN 5.74M | 0.25 | 19.7% |
| 2018 | PLN 5.74M | 0.25 | 30.0% |
| 2017 | PLN 10.1M | 0.44 | - |
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 Torpol SA
- Insiders 38.00%
- Institutions 28.57%
- Public & others 33.43%
- Shares outstanding 23.0M
- Free float 14.2M
Torpol SA company profile
- Company name
- Torpol SA
- Ticker
- TOR.WAR
- ISIN
- PLTORPL00016
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Construction & Engineering
- Employees
- 872
- Fiscal year end
- December
- Address
- ul. Michael 43, Poznan, Poland, 61-119
- Phone
- 48 61 878 2700
- Website
- torpol.pl
About Torpol SA
Torpol S.A. engages in construction of railway infrastructure in Poland. The company offers railway infrastructure services in the construction and modernization of railway stations, tracks, and lines; implements track works; constructs overhead catenary system, power supply, and train traffic and control systems; and road and civil engineering structures. It also provides oil and gas infrastructure, including design and construction services for installation of the oil and gas, chemical and petrochemical, energy, and hydrogen industries. In addition, the company offers urban infrastructure and machinery and equipment. Torpol S.A. was founded in 1991 and is based in Poznan, Poland.
Torpol SA management
6- Mr. Konrad MiterskiActing President of the Management Board & Member of the Supervisory Board · born 1972
- Mr. Marcin ZachariaszVP of Management Board & CFO
- Mr. Krzysztof DrzewieckiVice President of the Management Board for Production
- Mr. Jacek PoniewierskiVice President of the Management Board
- Ms. Iwona Zalewska MalesaSecretary of the Supervisory Board & Member of Supervisory Board
- Ms. Marta IzdebskaDirector of Accounting Department