olivLaw · European equity research
NPL NOVA Spółka Akcyjna PRI.WA
Poland · GPW Warszawa · ISIN PLPRGNK00017 · Vertical: Listed companies from Poland
NPL NOVA SA is a Polish financial group which, according to its annual report for the year ended 31 December 2022, earns revenue from debt collection services, purchase and administration of receivables, factoring, loans and fund management. The available source mainly records accounting policies, so recent operating data cannot be verified from the text provided.
At the close of 04 Nov 2026, NPL NOVA Spółka Akcyjna (PRI.WA) stock was 3.98 PLN (+0.00% on the day), with dividend yield 44.47%, beta 0.08, 52-week range 2.70–4.00 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)
- 63.2
- strong (55–70)
- Bollinger (20, 2)
- 3.69 – 4.07
- in the upper half of the band · %B 0.77 · band width 9.8%
- SMA 50 / 200
- 3.69 / 3.35
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.09 / 0.09
- 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
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +4.7% | −0.6% | +5.4 pp | — |
| 3 months | +8.2% | −4.2% | +12.3 pp | — |
| 6 months | +28.4% | +4.3% | +24.1 pp | — |
| Year to date | unavailable | +7.5% | unavailable | — |
| 1 year | +26.8% | +9.9% | +16.8 pp | +7.1% |
| 3 years | +0.5% | +49.8% | −49.3 pp | +3.3% |
| 5 years | −18.1% | +42.8% | −60.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
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 |
|---|---|---|
| Revenue | 4.5 m | 4.7 m |
| Revenue YoY | unavailable | +5.4% |
| Net income | -3.6 m | -2.3 m |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable |
| net % | -79.8% | -47.7% |
| Free cash flow | -9.5 m | 873.3 k |
Balance sheet & financial health
Fiscal year 2022 · 31 Dec 2022
- Cash
- 4.3 m PLN
- Financial debt
- unavailable PLN
- Net debt
- unavailable PLN
- Equity
- 23.7 m PLN
- Total assets
- 75.1 m PLN
- Debt / equity
- unavailable
- Current ratio
- 1.06x
- ROE
- -9.1%
- ROA
- -3.9%
- FCF margin
- 18.4%
Financial statements (source on every figure)
Revenue and net income (PLN)
Margins
Income statement · PLN
| Line | 2021 | 2022 | Source (latest year) |
|---|---|---|---|
| Revenue | 4.5 m | 4.7 m | esef· 17 May 2023verified |
| Gross profit | 350.3 k | 229.1 k | esef· 17 May 2023verified |
| Operating income | -1.0 m | -1.8 m | esef· 17 May 2023verified |
| Depreciation & amortisation | 653.5 k | 657.2 k | esef· 17 May 2023verified |
| EBITDA | -387.4 k ≈ | -1.1 m ≈ | esef· 17 May 2023derived |
| Interest expense | 712.8 k | 524.7 k | esef· 17 May 2023verified |
| Pre-tax income | -930.3 k | -2.1 m | esef· 17 May 2023verified |
| Income tax | 2.9 m | 178.1 k | esef· 17 May 2023verified |
| Net income | -3.6 m | -2.3 m | esef· 17 May 2023verified |
| Dividend per share | 1.77 | — | esef· 17 May 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · PLN
| Line | 2021 | 2022 | Source (latest year) |
|---|---|---|---|
| Cash | 2.7 m | 4.3 m | esef· 17 May 2023verified |
| Current assets | 12.6 m | 50.3 m | esef· 17 May 2023verified |
| Property, plant & equipment, net | 3.8 m | 3.3 m | esef· 17 May 2023verified |
| Intangibles (excl. goodwill) | 239.7 k | 180.3 k | esef· 17 May 2023verified |
| Total assets | 39.8 m | 75.1 m | esef· 17 May 2023verified |
| Current liabilities | 9.2 m | 47.3 m | esef· 17 May 2023verified |
| Equity | 26.0 m | 23.7 m | esef· 17 May 2023verified |
Cash flow · PLN
| Line | 2021 | 2022 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | -9.4 m | 873.3 k | esef· 17 May 2023verified |
| Capex | 47.7 k | 0 | esef· 17 May 2023verified |
| Free cash flow | -9.5 m ≈ | 873.3 k ≈ | esef· 17 May 2023derived |
| Investing cash flow | 33.0 m | 1.9 m | esef· 17 May 2023verified |
| Financing cash flow | -24.8 m | -1.2 m | esef· 17 May 2023verified |
| Dividends paid | 3.4 m | 0 | esef· 17 May 2023verified |
≈ 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
- indicators available: 4 of at least 6
- score weight coverage: 20.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
21% · 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: 20.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -47.7% | 8 (vs peers) | 30% |
| 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 | -3.4x | 0 (on a fixed band) | 30% |
| Current ratio · Balance sheet | 1.1x | 22 (on a fixed band) | 20% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 20% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet9/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial8/100 · 1/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 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
NPL NOVA SPÓŁKA AKCYJNA (PRI.WA). Latest full fiscal year: 2022; data up to 2022-12-31.
Figures computed from the financial statements: revenue 4.7 m PLN in 2022; YoY growth 5.4%; net margin -47.7%; ROE -9.1%.
The estimated value range is 17.36–21.45 PLN per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 19.19 PLN, the price of 3.98 PLN leaves a potential of 382.2% (value / price − 1) and a margin of safety of 79.3% (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: 20.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Payout ratio (FCF): 0.0%
- The price is below the estimated value range
What contradicts it
- Net margin: -47.7%
- Interest coverage: -3.4x
- Current ratio: 1.1x
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, FCF yield, Shareholder yield (distributions).
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% |
| AWM.WAAirway Medix Spółka Akcyjna | 14.3 m | — | -25.8% | -117,400.0% | −97.7% | −23% / −43% |
| ASM.WAAsm Group Spółka Akcyjna | 7.2 m | — | -6.6% | -1.2% | +1.9% | −70% / unavailable |
1- and 3-year price returns: for PRI.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
Scenarios are not available. input data missing
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
NPL NOVA SA is a Polish financial group which, according to its annual report for the year ended 31 December 2022 1, earns revenue from debt collection services, purchase and administration of receivables, factoring, loans and fund management. The available source mainly records accounting policies, so recent operating data cannot be verified from the text provided.
SWOT
Strengths
Weaknesses
- The source lacks financial results on earnings, debt and liquidity, which limits assessment of financial health 1.
- Measuring purchased receivables through profit or loss adds volatility to period results 1.
- Dependence on the quality of purchased receivable portfolios, whose effect is not described in the text 1.
Opportunities
Risks
- Credit risk in the portfoliohigh
Weaker repayment on loans, factoring and bonds could increase expected credit losses recognised under IFRS 9 1.
- Valuation volatility of purchased receivablesmedium
Measurement through profit or loss could cause swings in period results if portfolio fair values fall 1.
- Property valuationmedium
Fair value measurement of investment property means a decline in property prices could reduce results 1.
- Implementation of new standardslow
The need to implement IFRS 17 and amendments to IAS 12 may require changes to systems and procedures, creating operational risk 1.
- Liquidity and funding riskmedium
Reliance on loan and lease financing could make meeting obligations harder if market conditions deteriorate 1.
Investment thesis
What would need to be true (bull case)
- If the purchased receivables and loan book grows with controlled quality, revenue from collections and interest could increase 1.
- Revenue diversification across collections, factoring, funds and rental could limit the impact of weakness in any single segment 1.
- Fair value measurement of investment property could bring gains in a supportive property market 1.
What would break the thesis
- Deterioration in loan quality could force higher provisions and lower reported profit 1.
- Volatility from measuring purchased receivables through profit or loss could make period results harder to predict 1.
- The absence of financial results in the supplied text limits the ability to gauge the scale of these risks 1.
What to watch
- Implementation of IFRS 17 and amendments to IAS 1 and IAS 122023
- Results of investment property valuationnext annual report
- Level of impairment charges under IFRS 9next annual report
- Funding structure and lease liabilitiesnext annual report
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
According to the accounting policy in the annual report 1, NPL NOVA SA and its group classify financial instruments in three categories: loans, factoring and bonds measured at amortised cost, trade receivables, and purchased receivables measured at fair value through profit or loss. Revenue comes from debt collection services, fund management, factoring, loans, other financial services including guarantees, and property rental 1.
The group applies an impairment model consistent with IFRS 9 that recognises expected credit losses for loans, factoring and bonds, excluding purchased receivables, which are measured through profit or loss 1. Investment property is measured at fair value, and right-of-use assets from leases are depreciated on a straight-line basis 1.
The source does not contain data on headcount, shareholder structure or financial results in figures, so this profile is limited to the business description implied by the accounting policies 1.
Segments
Debt collection and purchased receivables
The company classifies purchased receivables as financial assets at fair value through profit or loss, and revenue from debt collection services and receivables trading is reported net 1.
Factoring, loans and bonds
Loans, factoring and bonds are measured at amortised cost, and revenue from them consists of commissions and interest on committed capital, recognised using the effective interest rate 1.
Fund management and property
Revenue also includes fund management and property rental, and investment property is measured at fair value 1.
Market context
The source does not contain data on the size of the debt collection or factoring market in Poland, so the company's share of that sector cannot be estimated from the text provided 1.
Changes to reporting standards, including IFRS 17, IFRS 9 and amendments to IAS 1 and IAS 12, are described as under assessment, and the management board does not expect other standards to have a material impact 1.
Trends
- New accounting standardsmixed
The board is assessing the impact of IFRS 17 and amendments to IAS 1 and IAS 12, which apply to periods from 1 January 2023, and this could change how some balance sheet items are recognised 1.
- Expected credit loss modelheadwind
Applying IFRS 9 requires recognising expected credit losses before impairment triggers occur, which could increase provisions when portfolio quality weakens 1.
- Investment property valuationmixed
Measuring investment property at fair value means results could depend on valuation changes, which in a favourable property market could support earnings 1.
- Financing through leases and loansmixed
Accounting for leases under IFRS 16 and simplified methods for loans and borrowings affects how liabilities are presented, and their scale depends on the financing portfolio 1.
Competitive position
The source does not name competitors or their market positions, so a comparison with other firms is not possible from the text provided 1.
Assessing competitiveness would require data on market shares in debt collection and factoring, which the annual report extract does not contain 1.
- Not identified in source
The source does not name the company's competitors.
- Not identified in source
No comparable entities are named in the text provided.
- Not identified in source
Competition is not described in the annual report extract.
- Not identified in source
Competitors cannot be identified from the supplied text.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202217 May 2023
Sources
- [1] Annual report, fiscal year ended 2022-12-31 (ESEF) · SEC / NPL NOVA Spółka Akcyjna · 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.