XTB Stock Analysis: X Trade Brokers Dom | WAR
Capital Markets | WAR, Poland | Market Cap: 16.084m PLN | 12M Return: 98.9% | PLXTRDM00011 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 75.8M
EPS Trend: -4.7%
Rev. Trend: 94.3%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 10.5 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.
XTB S.A. is a Warsaw-based financial brokerage founded in 2002. It offers individual investors access to instruments including stocks, ETFs, currencies, commodities, indices, and bonds across several regions.
The company operates a retail business and an institutional business that provides trading services and infrastructure to firms serving clients under their own brands. Brokerage firms typically earn revenue from client trading activity and related services.
- Client trading activity and market volatility drive CFD revenue swings
- European CFD rules constrain leverage and retail monetization
- International expansion and product launches support client growth
| Net Income: 1.26b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -1.26 > 1.0 |
| NWC/Revenue: 69.68% < 20% (prev 84.08%; Δ -14.40% < -1%) |
| CFO/TA 0.30 > 3% & CFO 3.08b > Net Income 1.26b |
| Net Debt (-2.56b) to EBITDA (1.57b): -1.64 < 3 |
| Current Ratio: 1.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (117.6m) vs 12m ago 0.10% < -2% |
| Gross Margin: 88.80% > 18% (prev 96.00%; Δ -7.19% > 0.5%) |
| Asset Turnover: 34.56% > 50% (prev 29.69%; Δ 4.87% > 0%) |
| Interest Coverage Ratio: 47.40 > 6 (EBIT TTM 1.54b / Interest Expense TTM 32.5m) |
| A: 0.21 (Total Current Assets 9.34b - Total Current Liabilities 7.20b) / Total Assets 10.4b |
| B: 0.10 (Retained Earnings 1.05b / Total Assets 10.4b) |
| C: 0.17 (EBIT TTM 1.54b / Avg Total Assets 8.87b) |
| D: 0.33 (Book Value of Equity 2.56b / Total Liabilities 7.85b) |
| Altman-Z'' = 3.18 = A |
| DSRI: 0.99 (Receivables 104.5m/74.7m, Revenue 3.06b/2.17b) |
| GMI: 1.08 (GM 96.00% / 88.80%) |
| AQI: 48.16 (AQ_t 0.10 / AQ_t-1 0.00) |
| SGI: 1.41 (Revenue 3.06b / 2.17b) |
| TATA: -0.17 (NI 1.26b - CFO 3.08b) / TA 10.4b) |
| Beneish M = 25.28 (Cap -4..+1) = D |
As of November 04, 2026, the stock is trading at PLN 131.02 with a total of 1,153,250 shares traded. Over the past week, the price has changed by -7.33%, over one month by -5.44%, over three months by -13.34% and over the past year by +98.92%.
Current recommended Stop Loss: 124.00 (which is 5.4% or 1.3 ATR below the current price).
X Trade Brokers Dom has no consensus analysts rating.
P/E Trailing = 12.7679
P/S = 5.2675
P/B = 4.7163
Revenue TTM = 3.06b PLN
EBIT TTM = 1.54b PLN
EBITDA TTM = 1.57b PLN
Long Term Debt = 14.2m PLN (estimated: total debt 23.7m - short term 9.49m)
Short Term Debt = 9.49m PLN (from shortTermDebt, last quarter)
Debt = 23.7m PLN (from shortLongTermDebtTotal, last quarter) (leases 23.7m already included)
Net Debt = -2.56b PLN (calculated: Debt 23.7m - CCE 2.58b)
Enterprise Value = 13.5b PLN (16.1b + Debt 23.7m - CCE 2.58b)
Interest Coverage Ratio = 47.40 (Ebit TTM 1.54b / Interest Expense TTM 32.5m)
EV/FCF = 10.73x (Enterprise Value 13.5b / FCF TTM 1.26b)
FCF Yield = 9.32% (FCF TTM 1.26b / Enterprise Value 13.5b)
FCF Margin = 41.14% (FCF TTM 1.26b / Revenue TTM 3.06b)
Net Margin = 41.15% (Net Income TTM 1.26b / Revenue TTM 3.06b)
Gross Margin = 88.80% ((Revenue TTM 3.06b - Cost of Revenue TTM 343.1m) / Revenue TTM)
Gross Margin QoQ = 91.88% (prev 93.22%)
Tobins Q-Ratio = 1.30 (Enterprise Value 13.5b / Total Assets 10.4b)
Interest Expense / Debt = 137.1% (Interest Expense 32.5m / Debt 23.7m)
Taxrate = 17.98% (276.4m / 1.54b)
NOPAT = 1.26b (EBIT 1.54b * (1 - 17.98%))
Current Ratio = 0.65 (Total Current Assets 9.34b / Total Current Liabilities 14.3b)
Debt / Equity = 0.01 (Debt 23.7m / totalStockholderEquity, last quarter 2.56b)
Debt / EBITDA = -1.64 (Net Debt -2.56b / EBITDA 1.57b)
Debt / FCF = -2.03 (Net Debt -2.56b / FCF TTM 1.26b)
Total Stockholder Equity = 2.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.22% (Net Income 1.26b / Total Assets 10.4b)
RoE = 56.55% (Net Income TTM 1.26b / Total Stockholder Equity 2.23b)
RoCE = 68.55% (EBIT 1.54b / Capital Employed (Equity 2.23b + L.T.Debt 14.2m))
RoIC = 12.29% (NOPAT 1.26b / Invested Capital 10.3b)
WACC = 7.77% (E(16.1b)/V(16.1b) * Re(7.78%) + (debt cost/tax rate unavailable))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -38.90 | Cagr: 0.00%
[DCF] Terminal Value 77.97% ; FCFF base≈1.15b ; Y1≈1.32b ; Y5≈1.94b
[DCF] Fair Price = 270.0 (EV 29.1b - Net Debt -2.56b = Equity 31.7b / Shares 117.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -4.71 | EPS CAGR: -0.77% | SUE: N/A | # QB: 0
Revenue Correlation: 94.33 | Revenue CAGR: 26.07% | SUE: 2.09 | # QB: 3
EPS current Quarter (2026-09-30): EPS=2.73 | Chg30d=+79.53% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=15.03 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+106.0% | GrowthRev=+71.9%
EPS next Year (2027-12-31): EPS=16.02 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+6.5% | GrowthRev=+4.4%