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PJP.WA$18.00-1.10%
Fair $18.00+0.0%

PJP.WA

PJP Makrum S.A.

Industrials / Engineering & ConstructionWarsaw

$18.00

-0.20 (-1.10%)

Fairly Valued+0.0%Fair Value $18.00Fund rank 25/100 · Data gapFallback financials|
SA 38/D
F-Score: 3/9
Margin CompressionLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 27% · confianza 25%

FCF escenarios

weak_data · normalized FCF $2.5M · quality 38.3/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 38/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

38/100

D

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Operating margin has declined for 3 consecutive years ROE is 3.7%, below the 5% threshold
Thesis & Journal · PJP.WALocal privado en este navegador · PJP Makrum S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$108M

P/E

30.0x

↑

EV/EBITDA

11.1x

↑

ROE

3.7%

↓

Gross Margin

18.4%

↓

Debt/Equity

1.33

↑
52-Week Range$18
$13$20

TradingView lightweight chart

PJP.WA price, volumen y niveles de valoración

Último $18.00Periodo +295.6%
Fair value: $18.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-2.6%

FCF CAGR

-35.7%

FCF margin

1.0%

FCF / Net income

0.76x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $492.5M · net income $6.2M · FCF $4.7M

2022-FY → 2025-FY

Gross margin

18.4%-1.0% pts

Operating margin

2.5%-4.2% pts

Net margin

1.3%-4.1% pts

FCF margin

1.0%-2.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$492.5M$492.5M$444.5M$427.2M$532.4M
Net Income$6.2M$6.2M$10.5M$17.7M$28.6M
EBITDA$28.6M$28.6M$30.6M$36.9M$46.9M
EPS1.041.041.752.954.77
Gross Margin18.4%18.4%20.2%21.7%19.4%
Operating Margin2.5%2.5%2.5%5.0%6.7%
Net Margin1.3%1.3%2.4%4.1%5.4%
Balance Sheet
Debt/Equity1.331.330.590.680.36
Current Ratio1.461.46———
Cash Flow
Free Cash Flow$4.7M$4.7M$2.5M$2.4M$17.8M
Returns
ROE3.7%3.7%6.4%10.9%19.2%
Valuation
P/E30.0030.008.575.592.54
EV/EBITDA11.1211.125.665.142.04
P/B0.650.650.550.610.49
Growth & Yield
Revenue Growth10.8%10.8%4.0%-19.8%—
EPS Growth-40.6%-40.6%-40.7%-38.2%—
Dividend Yield3.0%3.0%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

15.4%

exigente

EPS terminal req.

$1.60

Spread vs growth

-55.9%

5Y implied EPS CAGR

13.2%

razonable

EPS terminal req.

$1.93

Spread vs growth

-53.8%

10Y implied EPS CAGR

11.6%

razonable

EPS terminal req.

$3.11

Spread vs growth

-52.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +24.6%

Total return

+24.6%

Start / end P/E

8.5x → 17.3x

EPS bridge

1.75 → 1.04

Residual

-42.5%

EPS growth-40.6%
Multiple rerating+104.7%
Dividend+3.0%
Residual / FX / buybacks / cross-term-42.5%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.