BDX Stock Analysis: Budimex S.A. | WAR
Engineering & Construction | WAR, Poland | Market Cap: 17.876m PLN | 12M Return: 29.6% | PLBUDMX00013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.2M
EPS Trend: -5.6%
Rev. Trend: 13.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Budimex is a Poland-based construction and engineering company operating across Poland and other European markets. Its Construction Business segment delivers roads, railways, public and commercial buildings, energy facilities, and other infrastructure projects.
Its Service Activities include waste management, infrastructure and building maintenance, renewable energy services, EV charging infrastructure, and industrial assembly. Like other contractors, Budimex’s project activity depends on infrastructure spending and investment by public and private clients. Founded in 1968 and headquartered in Warsaw, it is a subsidiary of Ferrovial Construction International SE.
- Polish road and rail tenders sustain construction backlog growth
- Labor and materials costs pressure fixed-price contract margins
- EU-funded infrastructure and energy projects support demand growth
| Net Income: 739.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 3.57 > 1.0 |
| NWC/Revenue: -2.81% < 20% (prev -2.29%; Δ -0.52% < -1%) |
| CFO/TA 0.12 > 3% & CFO 932.7m > Net Income 739.1m |
| Net Debt (-1.38b) to EBITDA (1.03b): -1.34 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (25.5m) vs 12m ago 0.0% < -2% |
| Gross Margin: 13.88% > 18% (prev 12.96%; Δ 0.93% > 0.5%) |
| Asset Turnover: 130.4% > 50% (prev 116.2%; Δ 14.28% > 0%) |
| Interest Coverage Ratio: 14.71 > 6 (EBIT TTM 798.0m / Interest Expense TTM 54.2m) |
| A: -0.04 (Total Current Assets 5.14b - Total Current Liabilities 5.42b) / Total Assets 7.71b |
| B: 0.09 (Retained Earnings 655.7m / Total Assets 7.71b) |
| C: 0.10 (EBIT TTM 798.0m / Avg Total Assets 7.73b) |
| D: 0.14 (Book Value of Equity 944.6m / Total Liabilities 6.71b) |
| Altman-Z'' = 0.88 = B |
| DSRI: 0.80 (Receivables 2.22b/2.48b, Revenue 10.1b/9.02b) |
| GMI: 0.93 (GM 12.96% / 13.88%) |
| AQI: 1.04 (AQ_t 0.17 / AQ_t-1 0.17) |
| SGI: 1.12 (Revenue 10.1b / 9.02b) |
| TATA: -0.03 (NI 739.1m - CFO 932.7m) / TA 7.71b) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of November 04, 2026, the stock is trading at PLN 734.60 with a total of 29,439 shares traded. Over the past week, the price has changed by -0.81%, over one month by +9.58%, over three months by +0.22% and over the past year by +29.57%.
Current recommended Stop Loss: 680.80 (which is 7.3% or 2.4 ATR below the current price).
Budimex S.A. has no consensus analysts rating.
P/E Trailing = 24.577
P/E Forward = 18.0832
P/S = 1.8388
P/B = 24.7819
P/EG = 0.8674
Revenue TTM = 10.1b PLN
EBIT TTM = 798.0m PLN
EBITDA TTM = 1.03b PLN
Long Term Debt = 210.4m PLN (from longTermDebt, last fiscal year)
Short Term Debt = 94.0m PLN (from shortTermDebt, last quarter)
Debt = 691.5m PLN (from shortLongTermDebtTotal, last quarter) + Leases 211.7m
Net Debt = -1.38b PLN (calculated: Debt 691.5m - CCE 2.07b)
Enterprise Value = 16.5b PLN (17.9b + Debt 691.5m - CCE 2.07b)
Interest Coverage Ratio = 14.71 (Ebit TTM 798.0m / Interest Expense TTM 54.2m)
EV/FCF = 24.55x (Enterprise Value 16.5b / FCF TTM 671.8m)
FCF Yield = 4.07% (FCF TTM 671.8m / Enterprise Value 16.5b)
FCF Margin = 6.66% (FCF TTM 671.8m / Revenue TTM 10.1b)
Net Margin = 7.33% (Net Income TTM 739.1m / Revenue TTM 10.1b)
Gross Margin = 13.88% ((Revenue TTM 10.1b - Cost of Revenue TTM 8.69b) / Revenue TTM)
Gross Margin QoQ = 11.22% (prev 13.58%)
Tobins Q-Ratio = 2.14 (Enterprise Value 16.5b / Total Assets 7.71b)
Interest Expense / Debt = 7.84% (Interest Expense 54.2m / Debt 691.5m)
Taxrate = 19.73% (184.2m / 933.4m)
NOPAT = 640.5m (EBIT 798.0m * (1 - 19.73%))
Current Ratio = 0.95 (Total Current Assets 5.14b / Total Current Liabilities 5.42b)
Debt / Equity = 0.73 (Debt 691.5m / totalStockholderEquity, last quarter 944.6m)
Debt / EBITDA = -1.34 (Net Debt -1.38b / EBITDA 1.03b)
Debt / FCF = -2.06 (Net Debt -1.38b / FCF TTM 671.8m)
Total Stockholder Equity = 1.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.56% (Net Income 739.1m / Total Assets 7.71b)
RoE = 66.14% (Net Income TTM 739.1m / Total Stockholder Equity 1.12b)
RoCE = 60.09% (EBIT 798.0m / Capital Employed (Equity 1.12b + L.T.Debt 210.4m))
RoIC = 34.22% (NOPAT 640.5m / Invested Capital 1.87b)
WACC = 6.31% (E(17.9b)/V(18.6b) * Re(6.31%) + D(691.5m)/V(18.6b) * Rd(7.84%) * (1-Tc(0.20)))
Discount Rate = 6.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.87 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈563.0m ; Y1≈645.4m ; Y5≈949.8m
[DCF] Fair Price = 614.0 (EV 14.3b - Net Debt -1.38b = Equity 15.7b / Shares 25.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -5.61 | EPS CAGR: -0.58% | SUE: N/A | # QB: 0
Revenue Correlation: 13.11 | Revenue CAGR: 0.51% | SUE: 0.76 | # QB: 0
EPS current Year (2026-12-31): EPS=30.05 | Chg30d=+1.05% | Revisions=-25% | GrowthEPS=+2.6% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=36.33 | Chg30d=+2.44% | Revisions=-25% | GrowthEPS=+20.9% | GrowthRev=+21.3%
[Analyst] Revisions Ratio: -40% (up=0, down=2)