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olivLaw · European equity research

Ccc Spółka Akcyjna MDV.WA

Poland · GPW Warszawa · ISIN PLCCC0000016 · Vertical: Listed companies from Poland

102.30PLN+5.25% · 1 dayClose 06 Nov 2026

At the close of 06 Nov 2026, Ccc Spółka Akcyjna (MDV.WA) stock was 102.30 PLN (+5.25% on the day), with market capitalisation 5.6 bn PLN, beta 0.80, 52-week range 73.18–142.00 PLN.

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

Market cap
5.6 bn PLN
shares as of 31 Jan 2023
P/E (TTM)
unavailable
Diluted EPS TTM -7.61 · TTM to 31 Jan 2023
E/P (TTM)
-7.44%
TTM to 31 Jan 2023
Dividend yield
unavailable
Beta (2y)
0.80
Volatility (1y) 47%
52-week range
73.18142.00

Price history

Loading chart…

Technical reading

RSI (14)
61.3
strong (55–70)
Bollinger (20, 2)
89.83 – 102.49
in the upper half of the band · %B 0.98 · band width 13.2%
SMA 50 / 200
91.87 / 93.74
mixed trend
MACD (12, 26, 9)
1.81 / 1.67
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+10.2%−0.6%+10.9 pp—
3 months+11.8%−4.2%+16.0 pp—
6 months+31.5%+4.3%+27.2 pp—
Year to date−14.5%+7.5%−22.0 pp—
1 year−33.1%+9.9%−43.0 pp+5.9%
3 years+150.4%+49.8%+100.5 pp+1.8%
5 years−16.5%+42.8%−59.3 pp—
Max drawdown (1y)
−48.5%
07 Nov 2025 → 12 May 2026
Max drawdown (5y)
−72.8%
09 Nov 2021 → 07 Sept 2022
Compound annual growth (5y)
−3.5%
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 year202120222023
Revenue5.2 bn7.5 bn9.1 bn
Revenue YoYunavailable+43.7%+21.0%
Net income-1.2 bn-223.4 m-417.6 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-24.45-4.07-7.61
Diluted EPS YoYunavailableunavailableunavailable
net %-23.2%-3.0%-4.6%
Free cash flowunavailableunavailableunavailable

Balance sheet & financial health

Fiscal year 2023 · 31 Jan 2023

Cash
395.4 m PLN
Financial debt
2.5 bn PLN
Net debt
2.1 bn PLN
Equity
582.7 m PLN
Total assets
7.1 bn PLN
Debt / equity
4.34x
Current ratio
unavailable
ROE
-48.2%
ROA
-5.7%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (PLN)

Margins

Income statement · PLN

Revenue
2021
5.2 bn
2022
7.5 bn
2023
9.1 bn

esef· 10 May 2023verified

Cost of revenue
2021
3.0 bn
2022
4.0 bn
2023
4.9 bn

esef· 10 May 2023verified

Gross profit
2021
2.3 bn
2022
3.5 bn
2023
4.3 bn

esef· 10 May 2023verified

Operating income
2021
-579.1 m
2022
4.1 m
2023
-51.3 m

esef· 10 May 2023verified

Pre-tax income
2021
-888.3 m
2022
-148.3 m
2023
-398.9 m

esef· 10 May 2023verified

Income tax
2021
20.7 m
2022
68.3 m
2023
2.6 m

esef· 10 May 2023verified

Net income
2021
-1.2 bn
2022
-223.4 m
2023
-417.6 m

esef· 10 May 2023verified

Diluted EPS
2021
-24.45
2022
-4.07
2023
-7.61

esef· 10 May 2023verified

Balance sheet · PLN

Cash
2021
458.7 m
2022
941.1 m
2023
395.4 m

esef· 10 May 2023verified

Goodwill
2021
197.9 m
2022
197.9 m
2023
203.9 m

esef· 10 May 2023verified

Intangibles (excl. goodwill)
2021
308.3 m
2022
317.9 m
2023
376.8 m

esef· 10 May 2023verified

Total assets
2021
6.6 bn
2022
7.5 bn
2023
7.1 bn

esef· 10 May 2023verified

Short-term debt
2021
1.2 bn
2022
545.0 m
2023
1.2 bn

esef· 10 May 2023verified

Long-term debt
2021
472.7 m
2022
1.9 bn
2023
1.4 bn

esef· 10 May 2023verified

Current liabilities
2021
3.3 bn
2022
2.9 bn
2023
3.7 bn

esef· 10 May 2023verified

Total liabilities
2021
6.3 bn
2022
6.3 bn
2023
6.5 bn

esef· 10 May 2023verified

Equity
2021
309.8 m
2022
1.2 bn
2023
582.7 m

esef· 10 May 2023verified

Shares outstanding at year end
2021
49.9 m
2022
54.9 m
2023
54.9 m

esef· 10 May 2023derived

Cash flow · PLN

Operating cash flow
2021
273.8 m
2022
50.3 m
2023
540.7 m

esef· 10 May 2023verified

Investing cash flow
2021
-243.0 m
2022
-219.2 m
2023
-409.1 m

esef· 10 May 2023verified

Financing cash flow
2021
135.6 m
2022
651.3 m
2023
-677.3 m

esef· 10 May 2023verified

Computed indicators

Growth

Revenue growth (YoY)
21.0%
computed by olivLawFY 2023
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-1,351.2%
computed by olivLawFY 2023
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
46.8%
computed by olivLawFY 2023
EBITDA margin
unavailable
input data missing
EBIT margin
-0.6%
computed by olivLawFY 2023
Net margin
-4.6%
computed by olivLawFY 2023
FCF margin
unavailable
input data missing

Returns

ROE
-59.6%
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
ROA
-5.7%
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
ROIC
-1.6%
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
ROCE
-1.5%
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
2.1 bn PLN
computed by olivLawbalance sheet at 31 Jan 2023
Net debt / EBITDA
unavailable
input data missing
Debt / equity
6.1x
computed by olivLawbalance sheet at 31 Jan 2023
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
unavailable
input data missing
Quick ratio
unavailable
input data missing
Cash ratio
0.1x
computed by olivLawbalance sheet at 31 Jan 2023

Cash

Operating cash flow
540.7 m PLN
computed by olivLawFY 2023
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
5.6 bn PLN
computed by olivLawbalance sheet at 31 Jan 2023
Enterprise value
7.7 bn PLN
computed by olivLawbalance sheet at 31 Jan 2023
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-7.4%
computed by olivLawFY 2023
P/B
13.5x
computed by olivLawbalance sheet at 31 Jan 2023
P/S
0.6x
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
insufficient data
EV/Sales
0.8x
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 2 of at least 6
  • score weight coverage: 16.7% of at least 60%
  • valuation methods computed: 0 of at least 1

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

Closing price

102.30 PLN

06 Nov 2026Source: olivLaw, closing series

Market cap: 5.6 bn PLN

Key indicators

Market capitalisation
5.6 bn PLN
computed by olivLawbalance sheet at 31 Jan 2023
P/E (TTM)
unavailable
insufficient data
P/B
13.5x
computed by olivLawbalance sheet at 31 Jan 2023
EV/EBITDA
unavailable
input data missing
ROE
-59.6%
computed by olivLawFY 2023 · balance sheet at 31 Jan 2023
Net margin
-4.6%
computed by olivLawFY 2023
Revenue growth (YoY)
21.0%
computed by olivLawFY 2023
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

21/37 reporting lines present
Latest full fiscal year: 2023
Latest reported period: 31 Jan 2023
Latest balance sheet date: 31 Jan 2023
Share count (cover of the latest filing), as of: 31 Jan 2023
Source: esefpublished 10 May 2023
verified 73derived 3

The data is older than the freshness threshold.

Score by group

17% · 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: 2 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1

    FactorValueScoreWeight used
    ROIC · Quality-1.6%0 (vs peers)63%
    Net margin · Quality-4.6%15 (vs peers)38%
    FCF conversion · Qualityunavailableunavailable—
    Revenue CAGR 3Y · Growthunavailableunavailable—
    EPS CAGR 3Y · Growthunavailableunavailable—
    Net debt / EBITDA · Balance sheetunavailableunavailable—
    Interest coverage · Balance sheetunavailableunavailable—
    Current ratio · Balance sheetunavailableunavailable—
    P/E (TTM) · Valuationunavailableunavailable—
    EV/EBITDA · Valuationunavailableunavailable—
    FCF yield · Valuationunavailableunavailable—
    Shareholder yield (distributions) · Returnsunavailableunavailable—
    Payout ratio (FCF) · Returnsunavailableunavailable—

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

    Score groups

    • Balance sheet· partialunavailable · 0/3 factors with a value
    • Growth· partialunavailable · 0/2 factors with a value
    • Quality6/100 · 2/3 factors with a value
    • Returns· partialunavailable · 0/2 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

    CCC SPÓŁKA AKCYJNA (MDV.WA). Latest full fiscal year: 2023; data up to 2023-01-31.

    Figures computed from the financial statements: revenue 9.1 bn PLN in 2023; YoY growth 21.0%; net margin -4.6%; ROE -59.6%.

    Valuation cannot be computed from the available data.

    Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 16.7% 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

    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

    • ROIC: -1.6%
    • Net margin: -4.6%

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

    P/E
    —
    vertical median 12.1x
    EV/EBITDA
    —
    vertical median —
    P/S
    0.6x
    vertical median 1.3x
    below median (−51.8%)
    P/B
    13.5x
    vertical median 1.0x
    above median (+1,281.1%)
    ROE
    -59.6%
    vertical median 8.9%
    below median (−767.5%)
    Net margin
    -4.6%
    vertical median 2.8%
    below median (−262.3%)
    EBIT margin
    -0.6%
    vertical median 6.3%
    below median (−108.9%)
    Revenue YoY
    21.0%
    vertical median 9.9%
    above median (+112.8%)
    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%
    MDV.WACcc Spółka Akcyjna5.6 bn—-59.6%-4.6%+21.0%−24% / +88%
    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%

    1- and 3-year price returns: for MDV.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.

      Ccc Spółka Akcyjna (MDV.WA): stock, results, valuation and forecast · olivLaw