olivLaw · European equity research
Wirtualna Polska Holding Spółka Akcyjna WPL.WA
Poland · GPW Warszawa · ISIN PLWRTPL00027 · Vertical: Listed companies from Poland
At the close of 06 Nov 2026, Wirtualna Polska Holding Spółka Akcyjna (WPL.WA) stock was 55.00 PLN (−0.54% on the day), with market capitalisation 1.5 bn PLN, P/E 9.1 on diluted EPS of 6.05 PLN over the last 12 months, beta 0.41, 52-week range 47.00–66.80 PLN.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 38.8
- weak (30–45)
- Bollinger (20, 2)
- 54.58 – 58.64
- in the lower half of the band · %B 0.10 · band width 7.2%
- SMA 50 / 200
- 58.31 / 58.53
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.75 / -0.71
- 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 | −3.2% | −0.6% | −2.5 pp | — |
| 3 months | −15.6% | −4.2% | −11.5 pp | — |
| 6 months | −5.8% | +4.3% | −10.2 pp | — |
| Year to date | −9.4% | +7.5% | −16.9 pp | — |
| 1 year | −1.1% | +9.9% | −11.0 pp | +5.9% |
| 3 years | −48.2% | +49.8% | −98.1 pp | +1.8% |
| 5 years | −63.6% | +42.8% | −106.4 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 0 percentile of its own 3-quarter history (min 16.7, median 22.1, max 33.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenue | 632.3 m | 872.2 m | 1.1 bn |
| Revenue YoY | unavailable | +38.0% | +23.6% |
| Net income | 78.5 m | 182.7 m | 170.5 m |
| Net income YoY | unavailable | +132.7% | −6.7% |
| Diluted EPS | 2.78 | 6.38 | 6.05 |
| Diluted EPS YoY | unavailable | +129.5% | −5.2% |
| net % | 12.4% | 20.9% | 15.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2022 · 31 Dec 2022
- Cash
- 185.4 m PLN
- Financial debt
- 521.1 m PLN
- Net debt
- 335.7 m PLN
- Equity
- 922.9 m PLN
- Total assets
- 2.0 bn PLN
- Debt / equity
- 0.56x
- Current ratio
- 1.07x
- ROE
- 20.5%
- ROA
- 10.4%
- 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 | 632.3 m | 872.2 m | 1.1 bn | esef· 09 May 2023verified |
| Operating income | 121.7 m | 227.6 m | 239.6 m | esef· 09 May 2023verified |
| Depreciation & amortisation | 85.3 m | 87.1 m | 106.2 m | esef· 09 May 2023verified |
| EBITDA | 207.0 m ≈ | 314.7 m ≈ | 345.8 m ≈ | esef· 09 May 2023derived |
| Interest expense | 32.9 m | 11.9 m | 32.6 m | esef· 09 May 2023verified |
| Pre-tax income | 91.4 m | 231.8 m | 231.4 m | esef· 09 May 2023verified |
| Income tax | 9.7 m | 44.0 m | 53.1 m | esef· 09 May 2023verified |
| Net income | 78.5 m | 182.7 m | 170.5 m | esef· 09 May 2023verified |
| Diluted EPS | 2.78 | 6.38 | 6.05 | esef· 09 May 2023verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · PLN
| Line | 2020 | 2021 | 2022 | Source (latest year) |
|---|---|---|---|---|
| Cash | 188.3 m | 135.4 m | 185.4 m | esef· 09 May 2023verified |
| Receivables | 156.4 m | 201.4 m | 251.1 m | esef· 09 May 2023verified |
| Inventories | 6.6 m | 16.1 m | 26.8 m | esef· 09 May 2023verified |
| Current assets | 356.5 m | 355.5 m | 477.2 m | esef· 09 May 2023verified |
| Property, plant & equipment, net | 106.9 m | 102.1 m | 109.3 m | esef· 09 May 2023verified |
| Goodwill | 364.3 m | 368.9 m | 701.3 m | esef· 09 May 2023verified |
| Intangibles (excl. goodwill) | 394.9 m | 395.9 m | 621.4 m | esef· 09 May 2023verified |
| Total assets | 1.2 bn | 1.3 bn | 2.0 bn | esef· 09 May 2023verified |
| Long-term debt | 320.8 m | 202.3 m | 521.1 m | esef· 09 May 2023verified |
| Current liabilities | 210.6 m | 217.9 m | 446.1 m | esef· 09 May 2023verified |
| Total liabilities | 646.1 m | 519.6 m | 1.1 bn | esef· 09 May 2023verified |
| Equity | 597.7 m | 743.3 m | 922.9 m | esef· 09 May 2023verified |
| Shares outstanding at year end | 27.9 m | 28.4 m | 28.0 m | esef· 09 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
- score weight coverage: 58.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 1.5 bn PLN
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
58% · 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: 58.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 17.8% | 60 (vs peers) | 18% |
| Net margin · Quality | 15.8% | 82 (vs peers) | 11% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 1.0x | 87 (on a fixed band) | 18% |
| Interest coverage · Balance sheet | 7.4x | 90 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.1x | 22 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 9.1x | 63 (vs peers) | 18% |
| EV/EBITDA · Valuation | 5.4x | 87 (on a fixed band) | 18% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet75/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality68/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation75/100 · 2/3 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
Wirtualna Polska Holding Spółka Akcyjna (WPL.WA). Latest full fiscal year: 2022; data up to 2022-12-31.
Figures computed from the financial statements: revenue 1.1 bn PLN in 2022; YoY growth 23.6%; net margin 15.8%; ROE 21.3%; net debt/EBITDA 1.0x.
The estimated value range is 35.74–105.27 PLN per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 61.84 PLN, the price of 55.00 PLN leaves a potential of 12.4% (value / price − 1) and a margin of safety of 11.1% (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: 58.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 15.8%
- Net debt / EBITDA: 1.0x
- Interest coverage: 7.4x
- EV/EBITDA: 5.4x
What contradicts it
- Current ratio: 1.1x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, FCF yield, Shareholder yield (distributions), 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 | |
|---|---|---|---|---|---|---|
| ACP.WAAsseco Poland S.A. | 19.0 bn | 37.8 | 7.8% | 2.9% | +19.8% | +18% / +199% |
| BDX.WABudimex Spółka Akcyjna | 18.9 bn | 35.3 | 41.5% | 6.2% | +8.9% | +18% / +33% |
| BFT.WABenefit Systems Spółka Akcyjna | 18.1 bn | 130.7 | 20.8% | 7.2% | +99.9% | +74% / +221% |
| ASE.WAAsseco South Eastern Europe Spółka Akcyjna | 3.7 bn | 19.6 | 18.1% | 12.0% | +36.5% | +6% / +50% |
| 1AT.WAAtal Spółka Akcyjna | 2.3 bn | 6.4 | 29.8% | 22.2% | −1.3% | +7% / +8% |
| ATT.WAGrupa Azoty Spółka Akcyjna | 1.6 bn | — | -37.9% | -20.8% | −45.1% | −15% / −26% |
| WPL.WAWirtualna Polska Holding Spółka Akcyjna | 1.5 bn | 9.1 | 21.3% | 15.8% | +23.6% | −6% / −51% |
| ARH.WAArchicom Spółka Akcyjna | 1.3 bn | 12.1 | 15.9% | 22.1% | −21.6% | +13% / +88% |
| ACT.WAAction S.A. | 999.4 m | 27.2 | 8.3% | 1.5% | +6.1% | +71% / +171% |
| BRS.WABoryszew Spółka Akcyjna | 874.1 m | 8.2 | 6.3% | 1.6% | +8.4% | −25% / −28% |
| AGO.WAAgora Spółka Akcyjna | 588.0 m | — | -14.2% | -9.2% | +15.2% | +37% / +18% |
| AMB.WAAmbra S.A. | 462.9 m | 7.5 | 16.4% | 7.0% | +12.9% | +4% / −33% |
| ATC.WAArctic Paper Spółka Akcyjna | 344.7 m | 1.4 | 16.3% | 7.0% | −27.5% | −40% / −75% |
| ATG.WA"atm Grupa Spółka Akcyjna" | 298.5 m | 11.0 | 8.9% | 11.6% | −22.0% | −11% / +2% |
| ART.WAArtifex Mundi S.A. | 229.7 m | 17.7 | 35.7% | 33.3% | +51.9% | +48% / +14% |
| APN.WAAPLISENS Spółka Akcyjna | 192.4 m | 9.4 | 11.4% | 13.8% | +21.8% | −2% / −22% |
| ALI.WAALTUS Spolka Akcyjna | 158.1 m | 17.3 | 7.9% | 16.9% | +30.3% | +38% / +52% |
| BMC.WABumech Spółka Akcyjna | 156.9 m | — | -3.4% | -3.9% | −40.0% | −36% / −49% |
| BBT.WABoomBit Spółka Akcyjna | 71.9 m | 4.5 | 20.7% | 6.4% | −16.5% | −18% / −56% |
| BBD.WABbi Development S.A. | 54.1 m | 1.1 | 36.0% | 208.3% | +50.2% | +1% / +9% |
| ALG.WAAll in! Games Spółka Akcyjna | 39.6 m | — | — | -156.9% | −72.2% | −27% / −56% |
| BMX.WABioMaxima Spółka Akcyjna | 36.3 m | 62.0 | 1.2% | 1.3% | −67.5% | −31% / −46% |
| 06N.WAMagna Polonia Spółka Akcyjna | 31.1 m | 0.5 | 115.4% | 964.7% | +13.0% | −29% / −43% |
| BCM.WABETACOM Spółka Akcyjna | 26.3 m | 17.3 | 8.0% | 0.9% | +21.3% | +6% / +2% |
| AWM.WAAirway Medix Spółka Akcyjna | 13.8 m | — | -25.8% | -117,400.0% | −97.7% | −26% / −45% |
1- and 3-year price returns: for WPL.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 | 36.18 Total return -34% · Per year -34% | 63.67 Total return 16% · Per year 16% | 95.50 Total return 74% · Per year 74% |
| 3 years | 42.91 Total return -22% · Per year -8% | 84.20 Total return 53% · Per year 15% | 137.52 Total return 150% · Per year 36% |
| 5 years | 50.90 Total return -7% · Per year -2% | 111.36 Total return 102% · Per year 15% | 198.03 Total return 260% · Per year 29% |
- Exit P/E± 21.05
- Net margin± 14.74
- Annual revenue growth± 10.99
- Annual dilution± 1.24
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)
- Annual report 202209 May 2023
- Annual report 202129 Mar 2022
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.