KRUK Spólka Akcyjna (KRKKF)
NEUTRALFundamental
66
Preço
$440.20
Capitalização de Mercado
$8.44B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
Os argumentos a favor
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.
Os argumentos contra
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 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
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Balanço & Liquidez
Receita
$2.99B
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Resultado Líquido
$1.04B
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Fluxo de Caixa Livre
$343M
Capital Próprio Total
$5.65B
Passivo Total
$7.41B
Rácio de Liquidez
1.50
Cobertura de Juros
-
Dívida/EBITDA
3.56
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$945.82
Preço Atual
$440.20
Margem de Segurança
+53.5%
Intervalo de Valor Justo
$614.78 - $1276.85
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
8.11
ROE
21.1%
Rácio P/B
1.50
P/FCF
24.58
Margem Bruta
100.0%
ROIC
12.0%
Radar de Rentabilidade
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.
Critérios de Análise Fundamental
Aprovado (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
Reprovado (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
Indisponível (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)
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Baixa qualidade: investigar a contabilidade
Diluição de Ações
A recomprar ações. Favorável ao acionista
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 | - |
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for KRKKF, sourced from Markets Gazette.