KRUK Spólka Akcyjna (KRKKF)
NEUTRALFondamental
66
Prix
$440.20
Capitalisation boursière
$8.44B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
KRUK buys overdue consumer and small-business debt from banks, telecom operators and utilities at a steep discount to its face value, then spends years collecting on it through call centres, digital channels and legal proceedings, aiming to recover more than it paid plus its running costs. It also collects debt on behalf of third parties for a fee without owning the debt itself. It operates in Poland, Italy, Romania, Spain and several smaller markets.
Comment l'entreprise gagne de l'argent
Revenue comes mainly from cash collected on purchased debt portfolios, recognized over time under an amortized-cost accounting model rather than as a lump sum at purchase, plus fee income from servicing debt owned by other creditors. In 2025 the Group recovered PLN 3,920 million in cash, with Poland contributing about 40% of that, Italy about 25%, Romania about 18% and Spain about 14% — a mix the company reports as recoveries rather than as a formal revenue split by segment.
Les arguments en faveur
Buyers argue that KRUK's long track record of collecting more than it forecasts when it buys a portfolio shows disciplined underwriting, that a debt-purchasing model scales well with more capital, and that a temporary pullback from the Spanish market shows the company is willing to walk away from mispriced deals rather than chase volume.
Les arguments contre
Sellers fear that a business built on buying distressed debt is inherently sensitive to how well collections actually perform against the price paid, that heavy reliance on a handful of markets such as Poland and Italy concentrates that risk, and that funding portfolio purchases depends on continued access to debt and capital markets on favorable terms.
Written by the editors, published on 18 août 2026
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Who this company fights with for the same customers
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Bilan & Liquidités
Chiffre d'affaires
$2.99B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$1.04B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$343M
Capitaux propres totaux
$5.65B
Passif total
$7.41B
Ratio de liquidité général
1.50
Couverture des intérêts
-
Dette/EBITDA
3.56
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$945.82
Prix actuel
$440.20
Marge de sécurité
+53.5%
Fourchette de juste valeur
$614.78 - $1276.85
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
8.11
ROE
21.1%
Ratio P/B
1.50
P/FCF
24.58
Marge brute
100.0%
ROIC
12.0%
Radar de rentabilité
Value Creation (Economic Moat)
ROIC
12.0%
WACC
4.3%
ROIC − WACC
+7.7 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Critères d'analyse fondamentale
Réussi (15)
- Price CAGR 5.89%
- ROIC 12.0%
- Gross Margin 100.0%
- P/FCF 24.58
- P/B Ratio 1.50
- Debt/Equity ratio
- Operating Margin 49.5%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- ROE 21.1%
- Revenue Growth 5Y 22.7%
- Analyst Consensus 88% Buy
- PEG Ratio 0.12
Échoué (5)
- CapEx intensity
- DCF valuation (Overvalued)
- Earnings Quality (OCF/NI) -0.03
- Net Margin Trend 34.1% vs 37.1%
- Piotroski F-Score 0/9
Indisponible (7)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Earnings Surprise (Finnhub)
- Share Dilution (missing shares data)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité faible : examiner la comptabilité
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. Piotr Krupa | President of the Management Board & CEO | - |
| Mr. Michal Zasepa | CFO & Member of the Management Board | - |
| Ms. Urszula Okarma | Chief Investment Officer & Member of the Management Board | - |
| Mr. Piotr Kowalewski | COO & Member of the Management Board | - |
| Mr. Adam Lodygowski | Member of Management Board and Chief Data & Technology Officer | - |
| Mr. Damian Babka | Investor Relations & Business Development Manager | - |
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for KRKKF, sourced from Markets Gazette.