olivLaw · European equity research
Przedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A. HDR.WA
Poland · GPW Warszawa · ISIN PLHDRTR00013 · Vertical: Listed companies from Poland
Hydrotor is a Polish maker of hydraulic pumps, valves and related products, which also offers regeneration and large-scale machining services. In 2023 the group reported lower sales and a net loss, and management notes uncertainty about its ability to continue as a going concern, making the trajectory of sales in the coming years a key question for observers. The detailed financials are set out in the annual report.
At the close of 05 Nov 2026, Przedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A. (HDR.WA) stock was 7.36 PLN (+0.00% on the day), with market capitalisation 17.7 m PLN, dividend yield 27.17%, beta 0.17, 52-week range 7.34–18.00 PLN.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 14.4
- oversold (≤ 30)
- Bollinger (20, 2)
- 7.06 – 9.35
- in the lower half of the band · %B 0.13 · band width 27.9%
- SMA 50 / 200
- 8.85 / 13.26
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.47 / -0.40
- MACD below 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
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −17.3% | −0.6% | −16.7 pp | — |
| 3 months | −24.1% | −4.2% | −20.0 pp | — |
| 6 months | −48.9% | +4.3% | −53.2 pp | — |
| Year to date | −48.7% | +7.5% | −56.2 pp | — |
| 1 year | −55.5% | +9.9% | −65.4 pp | +7.1% |
| 3 years | −80.3% | +49.8% | −130.2 pp | +3.3% |
| 5 years | −80.1% | +42.8% | −122.9 pp | — |
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 year | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue | 130.8 m | 166.0 m | 125.7 m |
| Revenue YoY | unavailable | +26.9% | −24.2% |
| Net income | 7.1 m | 9.0 m | -2.3 m |
| Net income YoY | unavailable | +27.9% | −124.9% |
| Diluted EPS | 2.95 | 3.77 | -0.94 |
| Diluted EPS YoY | unavailable | +27.8% | −124.9% |
| net % | 5.4% | 5.5% | -1.8% |
| Free cash flow | -4.3 m | 4.7 m | 13.5 m |
Balance sheet & financial health
Fiscal year 2023 · 31 Dec 2023
- Cash
- 723.0 k PLN
- Financial debt
- 0 PLN
- Net debt
- -723.0 k PLN
- Equity
- 116.1 m PLN
- Total assets
- 183.1 m PLN
- Debt / equity
- 0.00x
- Current ratio
- 2.32x
- ROE
- -1.9%
- ROA
- -1.2%
- FCF margin
- 10.7%
Financial statements (source on every figure)
Revenue and net income (PLN)
Margins
Income statement · PLN
| Line | 2021 | 2022 | 2023 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 130.8 m | 166.0 m | 125.7 m | esef· 08 May 2024verified |
| Cost of revenue | 108.5 m | 138.0 m | 112.0 m | esef· 08 May 2024verified |
| Gross profit | 22.3 m | 27.9 m | 13.7 m | esef· 08 May 2024verified |
| Operating income | 8.7 m | 11.8 m | -2.3 m | esef· 08 May 2024verified |
| Interest expense | 191.0 k | 1.1 m | 2.2 m | esef· 08 May 2024verified |
| Pre-tax income | 8.9 m | 10.9 m | -2.9 m | esef· 08 May 2024verified |
| Income tax | 1.8 m | 1.9 m | -672.0 k | esef· 08 May 2024verified |
| Net income | 7.1 m | 9.0 m | -2.3 m | esef· 08 May 2024verified |
| Diluted EPS | 2.95 | 3.77 | -0.94 | esef· 08 May 2024verified |
| Dividend per share | 2.00 | 2.00 | 2.00 | esef· 08 May 2024derived |
Balance sheet · PLN
| Line | 2021 | 2022 | 2023 | Source (latest year) |
|---|---|---|---|---|
| Cash | 1.3 m | 675.0 k | 723.0 k | esef· 08 May 2024verified |
| Receivables | 33.2 m | 35.9 m | 26.1 m | esef· 08 May 2024verified |
| Inventories | 51.1 m | 59.0 m | 50.4 m | esef· 08 May 2024verified |
| Current assets | 90.0 m | 99.9 m | 78.7 m | esef· 08 May 2024verified |
| Property, plant & equipment, net | 83.9 m | 94.7 m | 101.3 m | esef· 08 May 2024verified |
| Intangibles (excl. goodwill) | 2.1 m | 1.5 m | 867.0 k | esef· 08 May 2024verified |
| Total assets | 177.9 m | 199.1 m | 183.1 m | esef· 08 May 2024verified |
| Accounts payable | 25.3 m | 25.1 m | 16.3 m | esef· 08 May 2024verified |
| Long-term debt | 111.0 k | 188.0 k | 0 | esef· 08 May 2024verified |
| Current liabilities | 37.8 m | 44.6 m | 34.0 m | esef· 08 May 2024verified |
| Total liabilities | 62.2 m | 79.2 m | 67.0 m | esef· 08 May 2024verified |
| Equity | 115.7 m | 120.0 m | 116.1 m | esef· 08 May 2024verified |
| Shares outstanding at year end | 2.4 m | 2.4 m | 2.4 m | esef· 08 May 2024derived |
Cash flow · PLN
| Line | 2021 | 2022 | 2023 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 1.2 m | 7.2 m | 14.4 m | esef· 08 May 2024verified |
| Capex | 5.5 m | 2.5 m | 943.0 k | esef· 08 May 2024verified |
| Free cash flow | -4.3 m ≈ | 4.7 m ≈ | 13.5 m ≈ | esef· 08 May 2024derived |
| Investing cash flow | -6.4 m | -2.5 m | -836.0 k | esef· 08 May 2024verified |
| Financing cash flow | -275.0 k | -5.4 m | -13.5 m | esef· 08 May 2024verified |
| Dividends paid | 4.8 m | 4.8 m | 4.8 m | esef· 08 May 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 45.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 17.7 m PLN
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
46% · 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: score weight coverage: 45.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -1.7% | 0 (vs peers) | 23% |
| Net margin · Quality | -1.8% | 18 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -1.0x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 2.3x | 100 (on a fixed band) | 9% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 76.3% | 100 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | 27.2% | 100 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | 35.6% | 100 (on a fixed band) | 9% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality7/100 · 2/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation· partial100/100 · 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
Przedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A. (HDR.WA). Latest full fiscal year: 2023; data up to 2023-12-31.
Figures computed from the financial statements: revenue 125.7 m PLN in 2023; YoY growth -24.2%; net margin -1.8%; ROE -1.9%.
The estimated value range is 35.29–45.88 PLN per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 39.82 PLN, the price of 7.36 PLN leaves a potential of 441.1% (value / price − 1) and a margin of safety of 81.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 45.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.3x
- FCF yield: 76.3%
- Shareholder yield (distributions): 27.2%
- Payout ratio (FCF): 35.6%
- The price is below the estimated value range
What contradicts it
- ROIC: -1.7%
- Net margin: -1.8%
- Interest coverage: -1.0x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA.
Versus the vertical median
Listed companies from Poland · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BDX.WABudimex Spółka Akcyjna | 19.3 bn | 36.1 | 41.5% | 6.2% | +8.9% | +21% / +36% |
| ACP.WAAsseco Poland S.A. | 19.2 bn | 38.1 | 7.8% | 2.9% | +19.8% | +19% / +202% |
| BFT.WABenefit Systems Spółka Akcyjna | 18.1 bn | 131.1 | 20.8% | 7.2% | +99.9% | +74% / +221% |
| ASE.WAAsseco South Eastern Europe Spółka Akcyjna | 3.7 bn | 19.8 | 18.1% | 12.0% | +36.5% | +7% / +52% |
| 1AT.WAAtal Spółka Akcyjna | 2.3 bn | 6.4 | 29.8% | 22.2% | −1.3% | +7% / +8% |
| ATT.WAGrupa Azoty Spółka Akcyjna | 1.7 bn | — | -37.9% | -20.8% | −45.1% | −10% / −22% |
| ARH.WAArchicom Spółka Akcyjna | 1.3 bn | 12.1 | 15.9% | 22.1% | −21.6% | +13% / +89% |
| ACT.WAAction S.A. | 997.4 m | 27.1 | 8.3% | 1.5% | +6.1% | +70% / +170% |
| BRS.WABoryszew Spółka Akcyjna | 889.2 m | 8.3 | 6.3% | 1.6% | +8.4% | −24% / −26% |
| AGO.WAAgora Spółka Akcyjna | 601.9 m | — | -14.2% | -9.2% | +15.2% | +40% / +21% |
| AMB.WAAmbra S.A. | 468.0 m | 7.6 | 16.4% | 7.0% | +12.9% | +5% / −33% |
| ATC.WAArctic Paper Spółka Akcyjna | 357.2 m | 1.4 | 16.3% | 7.0% | −27.5% | −38% / −75% |
| ATG.WA"atm Grupa Spółka Akcyjna" | 299.3 m | 11.1 | 8.9% | 11.6% | −22.0% | −11% / +3% |
| ART.WAArtifex Mundi S.A. | 226.6 m | 17.4 | 35.7% | 33.3% | +51.9% | +46% / +12% |
| APN.WAAPLISENS Spółka Akcyjna | 194.6 m | 9.5 | 11.4% | 13.8% | +21.8% | −1% / −21% |
| BMC.WABumech Spółka Akcyjna | 155.7 m | — | -3.4% | -3.9% | −40.0% | −37% / −49% |
| ALI.WAALTUS Spolka Akcyjna | 153.9 m | 16.8 | 7.9% | 16.9% | +30.3% | +34% / +48% |
| BBT.WABoomBit Spółka Akcyjna | 71.4 m | 4.5 | 20.7% | 6.4% | −16.5% | −19% / −57% |
| BBD.WABbi Development S.A. | 54.1 m | 1.1 | 36.0% | 208.3% | +50.2% | +1% / +9% |
| ALG.WAAll in! Games Spółka Akcyjna | 39.8 m | — | — | -156.9% | −72.2% | −27% / −56% |
| BMX.WABioMaxima Spółka Akcyjna | 37.0 m | 63.2 | 1.2% | 1.3% | −67.5% | −29% / −45% |
| 06N.WAMagna Polonia Spółka Akcyjna | 31.3 m | 0.5 | 115.4% | 964.7% | +13.0% | −28% / −42% |
| BCM.WABETACOM Spółka Akcyjna | 26.7 m | 17.6 | 8.0% | 0.9% | +21.3% | +8% / +4% |
| HDR.WAPrzedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A. | 17.7 m | — | -1.9% | -1.8% | −24.2% | −51% / −79% |
| AWM.WAAirway Medix Spółka Akcyjna | 14.3 m | — | -25.8% | -117,400.0% | −97.7% | −23% / −43% |
1- and 3-year price returns: for HDR.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.
Estimated price (PLN)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 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 |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Hydrotor is a Polish maker of hydraulic pumps, valves and related products, which also offers regeneration and large-scale machining services. In 2023 the group reported lower sales and a net loss, and management notes uncertainty about its ability to continue as a going concern, making the trajectory of sales in the coming years a key question for observers 1. The detailed financials are set out in the annual report 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Going-concern uncertaintyhigh
Management acknowledges uncertainty about the group's ability to continue operating, dependent on its trading partners 1.
- Falling saleshigh
The decline in revenue could continue if demand does not improve 1.
- Net lossmedium
The group reported a net loss in 2023, which could affect available capital 1.
- Dependence on trading partnersmedium
The group's activity depends on the economic situation of its trading partners, which could generate volatility 1.
- Restructuringlow
Restructuring some group companies could involve costs and operational changes 1.
Investment thesis
What would need to be true (bull case)
What to watch
- Trend in net sales and the net loss2024
- Progress of restructuring at group companies2024
- Whether the going-concern uncertainty is resolved or persistsnext annual report
- Trend in operating cash flow2024
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Hydrotor group, headed by Przedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A., includes subsidiaries such as WZM Wizamor Sp. z o.o. and Agromet S.A. According to the annual report, net sales were 125 749 thousand PLN in 2023, compared with 165 975 thousand PLN in 2022 1. The group posted a net loss of 2 255 thousand PLN in 2023 1. Management points to restructuring of some companies and measures to raise sales and cut operating costs 1.
Segments
Hydraulic products
The main segment covers pumps, directional valves, valves and other hydraulic products, reported as a distinct product line 1.
Regeneration and large-scale machining services
The group reports regeneration services and large-scale machining services separately, alongside other services and the sale of goods and materials 1.
Market context
The annual report shows that group sales fell in 2023 compared with 2022, and management links the trend to the economic situation of its trading partners and the outlook for the economy 1. Net sales declined from 165 975 thousand PLN to 125 749 thousand PLN 1.
Management expects economic conditions to improve, but the company acknowledges that any recovery depends on developments over the next few quarters 1.
Trends
- Falling salesheadwind
Sales declined in 2023 compared with 2022, weighing on the group's financial result 1.
- Improving economic conditionstailwind
Management expects the economy to improve, which could support sales if that view proves correct 1.
- Efficiency measuresmixed
The company is pursuing higher sales and lower operating costs, but the effect of these steps depends on market developments 1.
- Going-concern uncertaintyheadwind
The report flags uncertainty about the group's ability to continue operating, linked to its trading partners 1.
Competitive position
The annual report does not explicitly name the group's competitors. Its competitive position can only be assessed from the information in the source document 1.
The group differentiates itself through its range of pumps, valves and regeneration services, but the source gives no detail on market shares 1.
- Competitors not named in the source
The annual report names no competitors, so no tickers can be attributed.
- European hydraulic pump suppliers
General category, not identified in the source.
- Regeneration service providers
General category, not identified in the source.
- Valve and directional valve manufacturers
General category, not identified in the source.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202308 May 2024
- Annual report 202223 May 2023
Sources
- [1] Annual report, fiscal year ended 2023-12-31 (ESEF) · SEC / Przedsiębiorstwo Hydrauliki Siłowej Hydrotor S.A. · 31 Dec 2023
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.