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olivLaw · European equity research

Cpd Spółka Akcyjna CPD.WA

Poland · GPW Warszawa · ISIN PLCELPD00013 · Vertical: Listed companies from Poland

0.67PLN−0.59% · 1 dayClose 06 Nov 2026

At the close of 06 Nov 2026, Cpd Spółka Akcyjna (CPD.WA) stock was 0.67 PLN (−0.59% on the day), with market capitalisation 5.6 m PLN, beta -0.02, 52-week range 0.64–3.26 PLN.

Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
5.6 m PLN
shares as of 31 Dec 2022
P/E (TTM)
unavailable
Diluted EPS TTM -1.61 · TTM to 31 Dec 2022
E/P (TTM)
-238.87%
TTM to 31 Dec 2022
Dividend yield
unavailable
Beta (2y)
-0.02
Volatility (1y) 101%
52-week range
0.643.26

Price history

Loading chart…

Technical reading

RSI (14)
41.4
weak (30–45)
Bollinger (20, 2)
0.61 – 0.79
in the lower half of the band · %B 0.35 · band width 26.2%
SMA 50 / 200
0.86 / 1.51
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.05 / -0.06
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−9.9%−0.6%−9.2 pp—
3 months−45.4%−4.2%−41.3 pp—
6 months−59.9%+4.3%−64.2 pp—
Year to date−71.7%+7.5%−79.2 pp—
1 year−79.8%+9.9%−89.7 pp+5.9%
3 years−84.0%+49.8%−133.8 pp+1.8%
5 years−90.4%+42.8%−133.2 pp—
Max drawdown (1y)
−80.4%
07 Nov 2025 → 03 Nov 2026
Max drawdown (5y)
−94.8%
28 Jun 2022 → 03 Nov 2026
Compound annual growth (5y)
−37.4%
EURO STOXX 50 +7.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202020212022
Revenue18.6 m1.4 m748.0 k
Revenue YoYunavailable−92.3%−47.8%
Net income16.3 m31.2 m-13.3 m
Net income YoYunavailable+91.2%−142.6%
Diluted EPS0.812.20-1.61
Diluted EPS YoYunavailable+171.6%−173.2%
net %87.9%2,175.4%-1,776.7%
Free cash flow-25.1 m-5.0 m-5.9 m

Balance sheet & financial health

Fiscal year 2022 · 31 Dec 2022

Cash
76.3 m PLN
Financial debt
unavailable PLN
Net debt
unavailable PLN
Equity
81.1 m PLN
Total assets
115.5 m PLN
Debt / equity
unavailable
Current ratio
4.33x
ROE
-11.8%
ROA
-6.8%
FCF margin
-791.0%

Financial statements (source on every figure)

Revenue and net income (PLN)

Margins

Income statement · PLN

Revenue
2020
18.6 m
2021
1.4 m
2022
748.0 k

esef· 17 May 2023verified

Cost of revenue
2020
3.1 m
2021
-326.0 k
2022
-2.6 m

esef· 17 May 2023verified

Gross profit
2020
15.4 m
2021
1.8 m
2022
3.4 m

esef· 17 May 2023verified

Operating income
2020
35.2 m
2021
23.8 m
2022
17.5 m

esef· 17 May 2023verified

Interest expense
2020
12.7 m
2021
668.0 k
2022
891.0 k

esef· 17 May 2023verified

Pre-tax income
2020
23.9 m
2021
23.5 m
2022
17.6 m

esef· 17 May 2023verified

Income tax
2020
7.6 m
2021
-968.0 k
2022
5.7 m

esef· 17 May 2023verified

Net income
2020
16.3 m
2021
31.2 m
2022
-13.3 m

esef· 17 May 2023verified

Diluted EPS
2020
0.81
2021
2.20
2022
-1.61

esef· 17 May 2023verified

Balance sheet · PLN

Cash
2020
170.1 m
2021
81.8 m
2022
76.3 m

esef· 17 May 2023verified

Receivables
2020
20.0 m
2021
3.3 m
2022
2.9 m

esef· 17 May 2023verified

Inventories
2020
3.6 m
2021
3.9 m
2022
6.6 m

esef· 17 May 2023verified

Current assets
2020
279.0 m
2021
93.7 m
2022
109.9 m

esef· 17 May 2023verified

Property, plant & equipment, net
2020
212.0 k
2021
103.0 k
2022
0

esef· 17 May 2023verified

Total assets
2020
472.3 m
2021
275.3 m
2022
115.5 m

esef· 17 May 2023verified

Current liabilities
2020
159.7 m
2021
56.2 m
2022
25.4 m

esef· 17 May 2023verified

Total liabilities
2020
187.3 m
2021
130.7 m
2022
34.4 m

esef· 17 May 2023verified

Equity
2020
285.0 m
2021
144.7 m
2022
81.1 m

esef· 17 May 2023verified

Shares outstanding at year end
2020
20.1 m
2021
14.2 m
2022
8.3 m

esef· 17 May 2023derived

Cash flow · PLN

Operating cash flow
2020
-25.1 m
2021
-5.0 m
2022
-5.9 m

esef· 17 May 2023verified

Capex
2020
0
2021
13.0 k
2022
0

esef· 17 May 2023verified

Free cash flow
2020
-25.1 m ≈
2021
-5.0 m ≈
2022
-5.9 m ≈

esef· 17 May 2023derived

Investing cash flow
2020
135.1 m
2021
100.1 m
2022
130.1 m

esef· 17 May 2023verified

Financing cash flow
2020
-79.4 m
2021
-183.4 m
2022
-130.1 m

esef· 17 May 2023verified

Share repurchases
2020
74.4 m
2021
171.6 m
2022
50.0 m

esef· 17 May 2023verified

Computed indicators

Growth

Revenue growth (YoY)
-47.8%
computed by olivLawFY 2022
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-26.5%
computed by olivLawFY 2022
Net income growth (YoY)
-142.6%
computed by olivLawFY 2022
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
-173.2%
computed by olivLawFY 2022
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
449.7%
computed by olivLawFY 2022
EBITDA margin
unavailable
input data missing
EBIT margin
2,336.8%
computed by olivLawFY 2022
Net margin
-1,776.7%
computed by olivLawFY 2022
FCF margin
-791.0%
computed by olivLawFY 2022

Returns

ROE
-11.8%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
ROA
-6.8%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
ROIC
unavailable
input data missing
ROCE
19.4%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
19.6x
computed by olivLawFY 2022

Liquidity

Current ratio
4.3x
computed by olivLawbalance sheet at 31 Dec 2022
Quick ratio
4.1x
computed by olivLawbalance sheet at 31 Dec 2022
Cash ratio
3.0x
computed by olivLawbalance sheet at 31 Dec 2022

Cash

Operating cash flow
-5.9 m PLN
computed by olivLawFY 2022
Capital expenditure
0 PLN
computed by olivLawFY 2022
Free cash flow
-5.9 m PLN
computed by olivLawFY 2022
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
1,504 days
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
Days inventory outstanding
734 days
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
5.6 m PLN
computed by olivLawbalance sheet at 31 Dec 2022
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-238.9%
computed by olivLawFY 2022
P/B
0.1x
computed by olivLawbalance sheet at 31 Dec 2022
P/S
7.4x
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-106.4%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
898.9%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 31.2% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.67 PLN

06 Nov 2026Source: olivLaw, closing series

Market cap: 5.6 m PLN

Key indicators

Market capitalisation
5.6 m PLN
computed by olivLawbalance sheet at 31 Dec 2022
P/E (TTM)
unavailable
insufficient data
P/B
0.1x
computed by olivLawbalance sheet at 31 Dec 2022
EV/EBITDA
unavailable
input data missing
ROE
-11.8%
computed by olivLawFY 2022 · balance sheet at 31 Dec 2022
Net margin
-1,776.7%
computed by olivLawFY 2022
Revenue growth (YoY)
-47.8%
computed by olivLawFY 2022
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

25/37 reporting lines present
Latest full fiscal year: 2022
Latest reported period: 31 Dec 2022
Latest balance sheet date: 31 Dec 2022
Share count (cover of the latest filing), as of: 31 Dec 2022
Source: esefpublished 17 May 2023
verified 82derived 3

The data is older than the freshness threshold.

Score by group

31% · Insufficient data

Estimated value range

unavailable — no valuation assumptions for the reporting currency

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

    Assumptions (illustrative, editorial)

    Risk-free rate
    6.5%
    Equity risk premium
    6.0%
    Beta (default)
    1.00
    Cost of equity
    12.5%
    Terminal growth
    3.0%

    Factor scorecard

    Insufficient data

    Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 31.2% of at least 60%; valuation methods computed: 0 of at least 1

    FactorValueScoreWeight used
    ROIC · Qualityunavailableunavailable—
    Net margin · Quality-1,776.7%3 (vs peers)20%
    FCF conversion · Qualityunavailableunavailable—
    Revenue CAGR 3Y · Growthunavailableunavailable—
    EPS CAGR 3Y · Growthunavailableunavailable—
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Interest coverage · Balance sheet19.6x100 (on a fixed band)20%
    Current ratio · Balance sheet4.3x100 (on a fixed band)13%
    P/E (TTM) · Valuationunavailableunavailable—
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuation-106.4%0 (on a fixed band)27%
    Shareholder yield (distributions) · Returns898.9%100 (on a fixed band)20%
    Payout ratio (FCF) · Returnsunavailableunavailable—

    Factors without a value were dropped; the remaining weights were renormalised.

    Score groups

    • Balance sheet100/100 · 2/3 factors with a value
    • Growth· partialunavailable · 0/2 factors with a value
    • Quality· partial3/100 · 1/3 factors with a value
    • Returns· partial100/100 · 1/2 factors with a value
    • Valuation· partial0/100 · 1/3 factors with a value

    A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

    Memo

    CPD SPÓŁKA AKCYJNA (CPD.WA). Latest full fiscal year: 2022; data up to 2022-12-31.

    Figures computed from the financial statements: revenue 748.0 k PLN in 2022; YoY growth -47.8%; net margin -1,776.7%; ROE -11.8%.

    Valuation cannot be computed from the available data.

    Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 31.2% of at least 60%; valuation methods computed: 0 of at least 1).

    Text generated deterministically from the figures shown; no language model. Not investment advice.

    What supports the thesis

    • Interest coverage: 19.6x
    • Current ratio: 4.3x
    • Shareholder yield (distributions): 898.9%

    What contradicts it

    • Net margin: -1,776.7%
    • FCF yield: -106.4%

    Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Payout ratio (FCF).

    Versus the vertical median

    Listed companies from Poland · same country · compared with 39 companies

    Multiples and returns vs the median

    P/E
    —
    vertical median 12.1x
    EV/EBITDA
    —
    vertical median —
    P/S
    7.4x
    vertical median 1.3x
    above median (+483.0%)
    P/B
    0.1x
    vertical median 1.0x
    below median (−93.0%)
    ROE
    -11.8%
    vertical median 8.9%
    below median (−231.9%)
    Net margin
    -1,776.7%
    vertical median 2.8%
    below median (−63,098.3%)
    EBIT margin
    2,336.8%
    vertical median 6.3%
    above median (+36,798.3%)
    Revenue YoY
    -47.8%
    vertical median 9.9%
    below median (−585.0%)
    Net debt/EBITDA
    —
    vertical median —
    Dividend yield
    —
    vertical median 3.6%

    Price rebased to 100 (monthly, 5 years)

    Companies in the vertical

    Market capP/EROENet marginRevenue YoY1A / 3A
    ACP.WAAsseco Poland S.A.19.0 bn37.87.8%2.9%+19.8%+18% / +199%
    BDX.WABudimex Spółka Akcyjna18.9 bn35.341.5%6.2%+8.9%+18% / +33%
    BFT.WABenefit Systems Spółka Akcyjna18.1 bn130.720.8%7.2%+99.9%+74% / +221%
    ASE.WAAsseco South Eastern Europe Spółka Akcyjna3.7 bn19.618.1%12.0%+36.5%+6% / +50%
    1AT.WAAtal Spółka Akcyjna2.3 bn6.429.8%22.2%−1.3%+7% / +8%
    ATT.WAGrupa Azoty Spółka Akcyjna1.6 bn—-37.9%-20.8%−45.1%−15% / −26%
    ARH.WAArchicom Spółka Akcyjna1.3 bn12.115.9%22.1%−21.6%+13% / +88%
    ACT.WAAction S.A.999.4 m27.28.3%1.5%+6.1%+71% / +171%
    BRS.WABoryszew Spółka Akcyjna874.1 m8.26.3%1.6%+8.4%−25% / −28%
    AGO.WAAgora Spółka Akcyjna588.0 m—-14.2%-9.2%+15.2%+37% / +18%
    AMB.WAAmbra S.A.462.9 m7.516.4%7.0%+12.9%+4% / −33%
    ATC.WAArctic Paper Spółka Akcyjna344.7 m1.416.3%7.0%−27.5%−40% / −75%
    ATG.WA"atm Grupa Spółka Akcyjna"298.5 m11.08.9%11.6%−22.0%−11% / +2%
    ART.WAArtifex Mundi S.A.229.7 m17.735.7%33.3%+51.9%+48% / +14%
    APN.WAAPLISENS Spółka Akcyjna192.4 m9.411.4%13.8%+21.8%−2% / −22%
    ALI.WAALTUS Spolka Akcyjna158.1 m17.37.9%16.9%+30.3%+38% / +52%
    BMC.WABumech Spółka Akcyjna156.9 m—-3.4%-3.9%−40.0%−36% / −49%
    BBT.WABoomBit Spółka Akcyjna71.9 m4.520.7%6.4%−16.5%−18% / −56%
    BBD.WABbi Development S.A.54.1 m1.136.0%208.3%+50.2%+1% / +9%
    ALG.WAAll in! Games Spółka Akcyjna39.6 m——-156.9%−72.2%−27% / −56%
    BMX.WABioMaxima Spółka Akcyjna36.3 m62.01.2%1.3%−67.5%−31% / −46%
    06N.WAMagna Polonia Spółka Akcyjna31.1 m0.5115.4%964.7%+13.0%−29% / −43%
    BCM.WABETACOM Spółka Akcyjna26.3 m17.38.0%0.9%+21.3%+6% / +2%
    AWM.WAAirway Medix Spółka Akcyjna13.8 m—-25.8%-117,400.0%−97.7%−26% / −45%
    ASM.WAAsm Group Spółka Akcyjna7.2 m—-6.6%-1.2%+1.9%−70% / unavailable

    1- and 3-year price returns: for CPD.WA from daily closes (the same as the performance table), for the other companies from month-end closes.

    olivLaw engine forecast

    The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

    The engine has no published run for this company yet.

    Valuation scenarios (editable assumptions)

    Illustrative scenarios

    Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

    Bear
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Base
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Bull
    Allowed range: -50 … 50%
    Allowed range: -100 … 100%
    Allowed range: 0 … 100
    Allowed range: -10 … 20%
    Allowed range: 0 … 100%
    Nothing is saved.

    Estimated price (PLN)

    Estimated priceBearBaseBull
    1 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    3 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    5 years
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    insufficient data
    Total return unavailable · Per year unavailable
    What moves the 3-year price the most

      AI analysis

      The qualitative analysis has not been written for this company yet.

      Products, market & competition

      The qualitative analysis has not been written for this company yet.

      News & filings

      In the press

      No news in our archive over the last 180 days.

      Annual reports (ESEF)

      Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

      Cpd Spółka Akcyjna (CPD.WA): stock, results, valuation and forecast · olivLaw