olivLaw · European equity research
Orange Polska S.A. OPL.WA
Poland · GPW Warszawa · ISIN PLTLKPL00017 · Vertical: Listed companies from Poland
Orange Polska is one of the main telecommunications operators in Poland, active in mobile, fixed, converged and IT services for businesses. In 2022 it ended with revenues of almost 12.5 billion PLN, while net financial debt eased slightly, showing prudent balance sheet management in an economy strained by the war in Ukraine.
At the close of 05 Nov 2026, Orange Polska S.A. (OPL.WA) stock was 16.71 PLN (−1.07% on the day), with market capitalisation 22.0 bn PLN, P/E 30.4 on diluted EPS of 0.55 PLN over the last 12 months, dividend yield 1.49%, beta 0.41, 52-week range 8.92–16.89 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)
- 62.9
- strong (55–70)
- Bollinger (20, 2)
- 15.24 – 16.98
- in the upper half of the band · %B 0.84 · band width 10.8%
- SMA 50 / 200
- 14.78 / 14.39
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.51 / 0.52
- 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 | +10.1% | −0.6% | +10.7 pp | — |
| 3 months | +8.3% | −4.2% | +12.4 pp | — |
| 6 months | +7.9% | +4.3% | +3.6 pp | — |
| Year to date | +64.0% | +7.5% | +56.5 pp | — |
| 1 year | +82.6% | +9.9% | +72.7 pp | +7.1% |
| 3 years | +108.5% | +49.8% | +58.6 pp | +3.3% |
| 5 years | +112.6% | +42.8% | +69.8 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.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 6.7, median 12.0, max 164.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenue | 11.5 bn | 11.9 bn | 12.5 bn |
| Revenue YoY | unavailable | +3.6% | +4.7% |
| Net income | 46.0 m | 1.7 bn | 724.0 m |
| Net income YoY | unavailable | +3,534.8% | −56.7% |
| Diluted EPS | 0.04 | 1.27 | 0.55 |
| Diluted EPS YoY | unavailable | +3,075.0% | −56.7% |
| net % | 0.4% | 14.0% | 5.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2022 · 31 Dec 2022
- Cash
- 1.0 bn PLN
- Financial debt
- unavailable PLN
- Net debt
- unavailable PLN
- Equity
- 13.5 bn PLN
- Total assets
- 26.8 bn PLN
- Debt / equity
- unavailable
- Current ratio
- 0.86x
- ROE
- 5.6%
- ROA
- 2.7%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (PLN)
Margins
Income statement · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 11.5 bn | 11.9 bn | 12.5 bn | esef· 02 May 2023verified |
| Operating income | 404.0 m | 2.2 bn | 1.2 bn | esef· 02 May 2023verified |
| Income tax | 16.0 m | 258.0 m | 143.0 m | esef· 02 May 2023verified |
| Net income | 46.0 m | 1.7 bn | 724.0 m | esef· 02 May 2023verified |
| Diluted EPS | 0.04 | 1.27 | 0.55 | esef· 02 May 2023verified |
| Dividend per share | — | — | 0.25 | esef· 02 May 2023derived |
Balance sheet · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Cash | 358.0 m | 933.0 m | 1.0 bn | esef· 02 May 2023verified |
| Inventories | 230.0 m | 281.0 m | 300.0 m | esef· 02 May 2023verified |
| Current assets | 3.4 bn | 4.1 bn | 4.5 bn | esef· 02 May 2023verified |
| Property, plant & equipment, net | 10.3 bn | 9.7 bn | 9.7 bn | esef· 02 May 2023verified |
| Goodwill | 2.3 bn | 2.3 bn | 2.3 bn | esef· 02 May 2023verified |
| Intangibles (excl. goodwill) | 4.2 bn | 4.0 bn | 4.1 bn | esef· 02 May 2023verified |
| Total assets | 24.3 bn | 26.2 bn | 26.8 bn | esef· 02 May 2023verified |
| Current liabilities | 7.6 bn | 4.4 bn | 5.2 bn | esef· 02 May 2023verified |
| Equity | 10.6 bn | 12.6 bn | 13.5 bn | esef· 02 May 2023verified |
| Shares outstanding at year end | 1.2 bn | 1.3 bn | 1.3 bn | esef· 02 May 2023derived |
Cash flow · PLN
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
- indicators available: 4 of at least 6
- score weight coverage: 27.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 22.0 bn PLN
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
27% · 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: 4 of at least 6; score weight coverage: 27.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.8% | 56 (vs peers) | 23% |
| 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 | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.9x | 5 (on a fixed band) | 15% |
| P/E (TTM) · Valuation | 30.4x | 21 (vs peers) | 38% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 1.5% | 21 (on a fixed band) | 23% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial5/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial56/100 · 1/3 factors with a value
- Returns· partial21/100 · 1/2 factors with a value
- Valuation· partial21/100 · 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
ORANGE POLSKA S.A. (OPL.WA). Latest full fiscal year: 2022; data up to 2022-12-31.
Figures computed from the financial statements: revenue 12.5 bn PLN in 2022; YoY growth 4.7%; net margin 5.8%; ROE 5.6%.
The estimated value range is 2.97–6.35 PLN per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 4.39 PLN, the price of 16.71 PLN leaves a potential of -73.7% (value / price − 1) and a margin of safety of -280.4% (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 (indicators available: 4 of at least 6; score weight coverage: 27.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Current ratio: 0.9x
- P/E (TTM): 30.4x
- Shareholder yield (distributions): 1.5%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
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 | |
|---|---|---|---|---|---|---|
| OPL.WAOrange Polska S.A. | 22.0 bn | 30.4 | 5.6% | 5.8% | +4.7% | +73% / +108% |
| 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% |
| AWM.WAAirway Medix Spółka Akcyjna | 14.3 m | — | -25.8% | -117,400.0% | −97.7% | −23% / −43% |
1- and 3-year price returns: for OPL.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 | 9.90 Total return -40% · Per year -40% | 17.49 Total return 6% · Per year 6% | 26.35 Total return 60% · Per year 60% |
| 3 years | 9.64 Total return -39% · Per year -15% | 19.18 Total return 20% · Per year 6% | 31.71 Total return 96% · Per year 25% |
| 5 years | 9.39 Total return -38% · Per year -9% | 21.02 Total return 34% · Per year 6% | 38.15 Total return 140% · Per year 19% |
- Exit P/E± 4.79
- Net margin± 3.36
- Annual revenue growth± 2.75
- Annual dilution± 0.28
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
Orange Polska is one of the main telecommunications operators in Poland, active in mobile, fixed, converged and IT services for businesses. In 2022 it ended with revenues of almost 12.5 billion PLN, while net financial debt eased slightly, showing prudent balance sheet management in an economy strained by the war in Ukraine 1.
SWOT
Strengths
- Strong position in Poland, with a broad customer base and a mix of mobile, fixed and converged services.
- Controlled debt level, with debt in zloty and largely at fixed rates after hedging.
- Fibre optic network under expansion, reinforced by local acquisitions and a dedicated partnership.
Weaknesses
- Wholesale service revenues are sensitive to pricing decisions of other operators.
- Net profit declined in 2022 compared with the prior year, partly because of the one-off gain in 2021.
- Investment costs for network and frequencies remain high relative to operating cash flows.
Opportunities
- Growth in converged and IT services for businesses could support revenues over the medium term.
- Fibre network development could increase coverage and the customer base in less served areas.
- The option to gain control over the joint venture with APG could strengthen the position in infrastructure.
Threats
- Inflation and high energy costs may squeeze operating margins.
- Competitive pressure and regulatory pricing decisions could reduce service revenues.
- Economic uncertainty stemming from the war in Ukraine could affect demand and financing costs.
Risks
- Energy costs and inflationhigh
Rising energy prices and higher inflation could reduce margins and increase operating costs.
- Regulation and frequenciesmedium
Authority decisions on tariffs and frequency allocation could change the level of investment and revenues.
- Mobile market competitionmedium
Competitive pressure on mobile and converged packages could reduce average revenue per customer.
- Reliance on wholesale revenuesmedium
A decline in revenues from other operators, already visible in 2022, could affect the wholesale segment's results.
- Currency and interest rateslow
Exchange rate fluctuations and rising interest rates could influence financing costs and investments made in foreign currency.
Investment thesis
What would need to be true (bull case)
- If revenues from converged and IT services keep growing, the company could offset pressure in the wholesale segment.
- A controlled debt level and a largely fixed interest structure could provide flexibility for investment.
- Fibre network expansion through acquisitions and partnerships could open new sources of recurring revenue.
What would break the thesis
- If inflation and energy costs remain high, operating margins could continue to be under pressure.
- Lower net profit and reliance on one-off gains from the past could make results harder to anticipate.
- Regulatory decisions and intense competition in the mobile market could limit revenue growth.
What to watch
- Trend in wholesale service revenues and tariff pressureQ1 2027
- Level of energy costs and impact on EBITDAaL2027
- Progress of fibre network expansion and of the joint venture with APG2027
- Development of net financial debt and the ratio to EBITDAaLnext 10-K
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 Orange Polska Group provides mobile telephony, fixed internet, television, IT and integration solutions, and wholesale network services to other operators, with activity concentrated mainly in Poland 1. In 2022 revenues rose to 12,488 million PLN and EBITDAaL reached 3,078 million PLN, while net profit fell to 724 million PLN from 1,672 million PLN in 2021, influenced by the one-off gain from the loss of control over Światłowód Inwestycje in 2021 1. The group is extending its fibre network through local acquisitions and through its partnership with the APG group 1.
Key internal indicators used by management are EBITDAaL, net financial debt, eCapex and organic cash flows. Organic cash flows were 822 million PLN in 2022 versus 867 million PLN in 2021, and eCapex was 1,719 million PLN in 2022 1. The annual report notes that fibre network development and frequency reservations have influenced investment 1.
The group structure also includes a joint venture with APG that builds and offers wholesale access to fibre infrastructure, with an option to gain control over an additional stake planned for 2027-2029 1. Through these arrangements the company aims to maintain its position in digital infrastructure without bearing the entire investment alone 1.
Segments
Mobile and fixed services
Revenues from mobile-only services were 2,797 million PLN in 2022 and those from fixed-only services 1,898 million PLN, both relevant to the retail customer base 1. Fixed services declined slightly from 2021 while mobile services grew 1.
Market context
The Polish telecommunications market is competitive, with several mobile operators and fixed internet providers, and demand for converged packages remains high 1. The group operates mainly in Poland, with a small share of revenues from entities not based in the country, around 3.5% in 2022 1.
The fibre optic infrastructure market is developing through operator investment and partnerships, and extending networks into less covered areas may represent an opportunity for the group 1. This dynamic could influence the value of network assets and wholesale access conditions in the coming years 1.
Trends
- Inflation and energy costsheadwind
The war in Ukraine has brought higher inflation and high energy costs for longer than initially assumed, which could raise the company's operating costs 1.
- Higher interest ratesmixed
Rising interest rates in the economy may affect financing costs, although the group's debt is denominated in zloty and largely at fixed rates after hedging 1.
- Fibre network expansiontailwind
Extending the fibre network through acquisitions and the joint venture with APG may increase coverage and revenues from converged services 1.
- Currency swings and refugee inflowsmixed
Exchange rate movements and inflows of refugees may generate extra budget costs, but also additional labour and consumption in the economy 1.
Competitive position
Competition includes mobile operators and fixed internet providers offering similar packages, and price pressure could affect service revenues 1. The annual report notes that regulatory decisions on pricing and frequency allocation significantly shape the competitive environment 1.
In the wholesale segment, competitors that use the company's infrastructure or build their own networks could change the structure of revenues from other operators 1. Fibre partnerships may reduce competitive pressure in areas where the group cooperates 1.
- Polish mobile operators
Direct competitors in mobile services and converged offers, referred to in the context of competitive pressure in the annual report.
- Local fixed internet providers
Regional fibre optic operators whose presence led the group to make acquisitions to extend coverage.
- Wholesale and infrastructure operators
Both clients and competitors, using the group's networks for access and interconnection services.
- Fibre partnership with APG
The joint venture in which the group holds a stake, relevant to competition in fibre infrastructure.
News & filings
In the press
- Orange Black Friday 2026: Reduceri la abonamentele de Internet, telefoane recondiționate și opțiuni fără contract pe termen lung - revoblog.roSurge — Google News · 05 Nov 2026 · RO
- A început Black Friday la Orange, iată principalele oferte - nwradu blogSurge — Google News · 05 Nov 2026 · RO
- ZF Tech Day Mihai Şuiu, Orange România: Nu putem să ducem tot traficul de date pe care îl avem de la o maşină autonomă către cloud, să aşteptăm o decizie de la cloud, să vedem dacă facem stânga sau dreapta la o intersecţieZiarul Financiar · 03 Nov 2026 · RO
- Heavy Rain to Persist in Eastern Bulgaria as Orange Alerts Remain in ForceNovinite — Sofia News Agency (BG, EN) · 03 Nov 2026 · EN
- ZF Tech Day. Mihaela Cristescu, Orange Business, şi Corina-Andreea Bulimar, Mastercard: O companie care vrea să deschidă un magazin sau un centru comercial poate afla, dintr-un studiu de mobilitate, câte persoane ajung într-o zonă, iar din tranzacţiile cu cardul şi pe ce cheltuiesc acolo şi ce servicii lipsescZiarul Financiar · 01 Nov 2026 · RO
- Athens in Orange: How Greece Made Halloween Its OwnTo Vima International (GR, EN) · 30 Oct 2026 · EN
- Orange unit signs deal to Mistral's latest AI cybersecurity modelCNA (Channel NewsAsia) · 29 Oct 2026 · EN
- Orange România a testat pentru prima dată în România tehnologia 50G PONEconomedia · 29 Oct 2026 · RO
- Orange Romania a testat conectivitatea de 50 Gbps pentru prima dată în RomâniaFinancial Intelligence (RO) · 29 Oct 2026 · RO
- Orange dă startul la Black Friday 2026. Înscrieri în etapa de teasing cu telefoane OPPO de top și vouchere cadou, urmate de reduceri masive la servicii și electroniceLibertatea.ro · 28 Oct 2026 · RO
- Orange Romania pregătește lansarea tehnologiei 5G Standalone. Securitatea cibernetică, una din prioritățile operatorului. Cum pot influența datele mobile deciziile de businessProfit.ro · 28 Oct 2026 · RO
- “I LOVE THE MEAT! Ahhhh! I LOVE IT, LOOK!” Orange Man is turning gay lmao 😭Telegram — Intel Slava Z (pro-RU OSINT EN) · 27 Oct 2026 · EN
- Orange crush: Timepieces that make a bold statementCNA (Channel NewsAsia) · 27 Oct 2026 · EN
- Reclamațiile românilor la Orange, Vodafone, Digi. Vodafone are un nivel de reclamații foarte redus în ultimii ani, în timp ce Digi menține valori ridicate. Orange păstrează o tendință relativ constantă la internet fixProfit.ro · 27 Oct 2026 · RO
- Reclamațiile românilor la Orange, Vodafone, Digi. Vodafone are un nivel de reclamații foarte redus în ultimii ani, în timp ce Digi menține valori ridicate. Orange păstrează o tendință relativ constantăProfit.ro · 27 Oct 2026 · RO
- ZF Tech Day. Cum combină un operator telecom şi o companie de plăţi date anonimizate ale utilizatorilor ca să arate unui retailer unde să deschidă magazine şi unei primării unde să investească. Detalii de la Mihaela Cristescu, Orange Business, şi Corina-Andreea Bulimar, MastercardZiarul Financiar · 26 Oct 2026 · RO
- Alianță premieră: Orange, Vodafone, Deutsche Telekom și Telefonica se pregătesc să liciteze în comun pentru spectru în EuropaProfit.ro · 25 Oct 2026 · RO
- Orange shadow looms over People’s PartyBangkok Post · 24 Oct 2026 · EN
- Orange shadow looms over PPBangkok Post · 24 Oct 2026 · EN
- Real Housewives of Orange County Season 20 Episode 16 RecapSurge — GDELT DOC · 23 Oct 2026 · RO
Annual reports (ESEF)
- Annual report 202202 May 2023
- Annual report 202108 Mar 2022
Sources
- [1] Annual report, fiscal year ended 2022-12-31 (ESEF) · SEC / Orange Polska S.A. · 31 Dec 2022
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.