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Gielda Papierów Wartosciowych w Warszawie S.A. (GPW.WA)
Warsaw, PL
Gielda Papierów Wartosciowych w Warszawie S.A., along with its affiliated entities, operates a stock exchange both in Poland and on an international scale. Its operations are divided across three key divisions: Financial, Commodity, and Other. The company facilitates transactions in a diverse range of financial instruments, including equities, equity-linked products, various cash market instruments such as structured products, investment certificates, and exchange-traded fund units. It also handles derivative financial tools, a broad spectrum of bonds (corporate, municipal, co-operative, treasury, and mortgage), and other debt instruments. Beyond traditional financial assets, GPW also manages trading for agricultural commodities, electricity, natural gas, property rights tied to electricity origin certificates, and CO2 emission allowances. The company provides essential services like listing and market information. Furthermore, it functions as a market operator and balancing service provider for electricity traders, producers, and industrial clients, and offers trade operator and balancing entity services. It is responsible for the calculation and distribution of WIBID and WIBOR benchmarks. Its offerings also include capital market education, promotional and informational services, and training, alongside the leasing of office premises. Additionally, GPW manages the Register of Certificates of Origin for electricity and the Register of Guarantees of Origin, and operates a settlement system for commodities traded on its exchanges. It oversees a variety of trading platforms, notably the GPW Main Market, NewConnect, Catalyst, and Treasury BondSpot Poland, as well as markets run by Towarowa Gielda Energii S.A. and InfoEngine S.A. Founded in 1991, Gielda Papierów Wartosciowych w Warszawie S.A. is headquartered in Warsaw, Poland.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.55% | -0.31% | +3.59% | +0.75% | +27.47% | +21.34% | +57.56% | +113.06% | +65.20% | +123.19% | +49.54% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Financial - Data & Stock Exchanges: +11.9%+18.7% ★ Q1'26: +28.0% (vs Q1'25)
-
EPS growth Financial - Data & Stock Exchanges: +19.9%+31.4% ★ Q1'26: +38.3% (vs Q1'25)
-
FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%+33.7% Q1'26: +52.2% (vs Q1'25)
-
EBIT margin Financial - Data & Stock Exchanges: +51.8%+44.6% Q1'26: +50.6% (vs Q1'25)
-
ROIC Financial - Data & Stock Exchanges: +13.5%+26.5% ★ Q1'26: +37.6% (vs Q1'25)
-
Share dilution Financial - Data & Stock Exchanges: +0.6%+0.0% Q1'26: -0.3% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×0.08× ★ Q1'26: 0.06× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 2 EPS Ana. |
Dec 2027 3 Rev. Ana. 2 EPS Ana. |
Dec 2028 3 Rev. Ana. 2 EPS Ana. |
Dec 2029 2 Rev. Ana. |
Dec 2030 1 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
327.89M
est: 325.46M (+0.7%)
|
310.86M
est: 306.07M (+1.6%)
|
351.96M
est: 349.18M (+0.8%)
|
346.78M
est: 343.90M (+0.8%)
|
336.08M
est: 335.68M (+0.1%)
|
403.96M
est: 389.67M (+3.7%)
|
407.57M
est: 392.72M (+3.8%)
|
389.27M
est: 390.69M (-0.4%)
|
444.93M
est: 461.05M (-3.5%)
|
464.85M
est: 474.47M (-2.0%)
|
551.88M
est: 549.97M (+0.3%)
|
594.40M
565.65M – 617.96M
+8.1% YoY
|
619.91M
580.01M – 658.72M
+4.3% YoY
|
639.37M
638.03M – 640.71M
+3.1% YoY
|
587.30M
554.09M – 617.48M
-8.1% YoY
|
604.90M
570.69M – 635.99M
+3.0% YoY
|
| EBITDA |
184.86M
est: 175.73M (+5.2%)
|
196.12M
est: 165.26M (+18.7%)
|
229.11M
est: 188.54M (+21.5%)
|
266.56M
est: 185.69M (+43.6%)
|
211.89M
est: 181.25M (+16.9%)
|
245.29M
est: 210.40M (+16.6%)
|
237.20M
est: 212.05M (+11.9%)
|
217.55M
est: 210.96M (+3.1%)
|
221.53M
est: 240.26M (-7.8%)
|
210.96M
est: 247.26M (-14.7%)
|
283.13M
est: 286.60M (-1.2%)
|
309.76M
294.77M – 322.03M
+8.1% YoY
|
323.05M
302.25M – 343.28M
+4.3% YoY
|
333.19M
332.49M – 333.89M
+3.1% YoY
|
306.06M
288.75M – 321.78M
-8.1% YoY
|
315.23M
297.40M – 331.43M
+3.0% YoY
|
| EBIT |
158.02M
est: 148.98M (+6.1%)
|
170.33M
est: 140.10M (+21.6%)
|
200.78M
est: 159.83M (+25.6%)
|
234.79M
est: 157.42M (+49.2%)
|
174.81M
est: 153.65M (+13.8%)
|
209.07M
est: 178.37M (+17.2%)
|
201.95M
est: 179.76M (+12.3%)
|
180.73M
est: 178.84M (+1.1%)
|
189.28M
est: 204.48M (-7.4%)
|
179.43M
est: 210.43M (-14.7%)
|
246.37M
est: 243.92M (+1.0%)
|
263.63M
250.88M – 274.08M
+8.1% YoY
|
274.94M
257.24M – 292.16M
+4.3% YoY
|
283.57M
282.98M – 284.17M
+3.1% YoY
|
260.48M
245.75M – 273.86M
-8.1% YoY
|
268.28M
253.11M – 282.07M
+3.0% YoY
|
| Net Income |
121.48M
est: 121.20M (+0.2%)
|
131.09M
est: 127.67M (+2.7%)
|
158.74M
est: 152.66M (+4.0%)
|
183.68M
est: 184.64M (-0.5%)
|
119.33M
est: 135.03M (-11.6%)
|
152.26M
est: 149.76M (+1.7%)
|
161.25M
est: 161.68M (-0.3%)
|
144.96M
est: 138.66M (+4.5%)
|
156.00M
est: 151.33M (+3.1%)
|
148.72M
est: 155.60M (-4.4%)
|
195.03M
est: 212.28M (-8.1%)
|
235.02M
218.47M – 251.56M
+10.7% YoY
|
251.46M
247.99M – 254.92M
+7.0% YoY
|
239.97M
226.20M – 301.17M
-4.6% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| SGA |
13.45M
est: 15.00M (-10.3%)
|
10.79M
est: 14.10M (-23.5%)
|
12.56M
est: 16.09M (-21.9%)
|
13.17M
est: 15.85M (-16.9%)
|
15.49M
est: 15.47M (+0.1%)
|
9.38M
est: 17.96M (-47.7%)
|
15.06M
est: 18.10M (-16.8%)
|
22.14M
est: 18.00M (+23.0%)
|
31.11M
est: 22.45M (+38.6%)
|
20.19M
est: 23.11M (-12.6%)
|
20.05M
est: 26.78M (-25.1%)
|
28.95M
27.55M – 30.09M
+8.1% YoY
|
30.19M
28.25M – 32.08M
+4.3% YoY
|
31.14M
31.07M – 31.20M
+3.1% YoY
|
28.60M
26.98M – 30.07M
-8.1% YoY
|
29.46M
27.79M – 30.97M
+3.0% YoY
|
| EPS |
4.55
est: 2.89 (+57.6%)
|
4.82
est: 3.04 (+58.5%)
|
5.74
est: 3.64 (+57.8%)
|
6.76
est: 4.40 (+53.7%)
|
4.39
est: 3.22 (+36.5%)
|
5.60
est: 3.57 (+57.0%)
|
3.84
est: 3.85 (-0.3%)
|
3.45
est: 3.30 (+4.4%)
|
3.72
est: 3.60 (+3.4%)
|
3.54
est: 3.72 (-4.8%)
|
4.65
est: 5.07 (-8.4%)
|
5.62
5.21 – 5.99
+10.7% YoY
|
5.99
5.91 – 6.07
+6.6% YoY
|
6.28
5.39 – 7.18
+4.9% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-26 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-25 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-18 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 2/5 | 1/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 2/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 2/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 2/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 4/5 | 2/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-27 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 2/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 2/5 | 3/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.26% | 114.7K | 0.54% |
| 2 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.18% | 3.30M | 0.58% |
| 3 | State Street SPDR S&P Emerging Markets Small Cap ETF EWX | 0.09% | 608.6K | 0.65% |
| 4 | Schwab International Small-Cap Equity ETF SCHC | 0.03% | 1.60M | 0.06% |
| 5 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.02% | 2.22M | 0.06% |
| 6 | Dimensional - Emerging Markets ex China Core Equity ETF DEXC | 0.01% | 25.2K | 0.56% |
| 7 | Dimensional - Emerging Core Equity Market ETF DFAE | 0.01% | 601.0K | 0.29% |
| 8 | State Street SPDR Portfolio Europe ETF SPEU | 0.00% | 31.2K | 0.07% |
| 9 | Vanguard FTSE Europe Shares ETF VEQ.AX | 0.00% | 17.4K | 0.35% |
| 10 | Vanguard FTSE Europe ETF VGK | 0.00% | 1.49M | 0.06% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Tomasz Bardzilowski | President of Management Board & Chief Executive Officer | 1M | male |
| Slawomir Panasiuk | Deputy Chief Executive Officer & Vice President of the Management Board | 1M | male |
| Michal Kobza | Member of the Management Board for Growth & Sales | 1M | male |
| Marcin Rulnicki | Member of the Management Board | 1M | male |
| Dominika Niewiadomska-Siniecka | Member of Management Board | 561.0K | female |
| Dariusz Wosztak | Director of Financial Department | — | — |
| Piotr Prazmo | Secretary of the Exchange Supervisory Board | — | male |
| Robert Stankiewicz | Director of Communication & Marketing | — | male |
| Malgorzata Gola-Radwan | Chief Accountant | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for GPW.WA
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
