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  3. •

    Information Technology Services
Comarch S.A.

Comarch S.A.

CMR.WA
Comarch S.A.PL flagWarsaw Stock Exchange
331.00
PLN
- -
- -
2.69BMarket Cap
Comarch S.A.
CMR.WA
(Warsaw Stock Exchange)

Recent

price

331.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
91.62
94.56
97.58
109.78
116.63
128.06
139.13
136.83
138.33
168.4
176.73
188.94
200.06
228.53
223.26
235.63
245.81
Revenue per Share
3.32
5.43
4.5
5.05
3.11
8.37
9.79
8.98
7.95
3.76
12.89
14.83
15.13
13.26
12.37
7.08
7.38
Basic EPS, GAAP
6.35
- -
-3.8
-3.65
6.16
8.84
2.98
-3.66
-9.54
6.51
15.25
26.08
15.74
1.17
18.76
13.21
13.78
Free Cash Flow per Basic Share
- -
- -
0.1
1.5
1.5
1.64
- -
- -
1.5
1.5
1.5
1.5
3.17
4
4
5
- -
Dividend per Share
48.84
52.72
56.11
59.15
59.43
65.76
75.35
78.13
84.57
86.84
98.23
111.56
123.52
132.78
141.15
143.23
149.42
Book Value per Share
53.63
58.12
61.15
60.18
63.83
72.72
82.8
87.24
91.68
95.22
107.42
122.61
134.21
143.22
148.76
149.11
155.55
Tangible Book Value per Share
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
8
Basic Weighted Avg Shares
729
761
786
884
939
1,038
1,132
1,113
1,125
1,370
1,437
1,537
1,627
1,859
1,816
1,916
1,916
Sales/Revenue/Turnover
1.97
3.99
4.66
3.83
4.1
11.55
10.65
10.33
4.9
8.17
10.11
12.29
11.72
8.31
5.3
5.27
5.27
Operating Margin (%)
42
- -
42
53
64
54
53
63
64
65
85
86
92
94
96
101
101
Depreciation Expense
26
44
36
41
25
68
80
73
65
31
105
121
123
108
101
58
58
Net Income, GAAP
- -
4.09
16.84
6.25
36.68
25.58
25.76
27.73
24.14
48.06
25.88
26.64
33.45
35.73
38.37
51.92
51.92
Effective Tax Rate (%)
3.62
5.74
4.61
4.6
2.67
6.54
7.04
6.56
5.74
2.24
7.29
7.85
7.56
5.8
5.54
3
3
Profit Margin (%)
276
301
271
232
273
311
327
335
357
342
431
494
554
560
625
633
633
Working Capital
- -
85
89
95
111
122
114
146
186
233
201
192
181
198
158
142
142
LT Debt
554
584
610
625
638
701
781
812
851
876
971
1,099
1,197
1,280
1,320
1,321
1,321
Total Equity
- -
4.64
4.25
4.11
3.03
10.56
9.78
8.61
4.05
5.13
8.94
10.59
8.78
6.42
3.68
3
3
Return on Invested Capital (%)
- -
13.36
7.79
8.14
4.74
10.48
11.06
9.08
7.46
3.16
10.29
10.95
10.87
9.27
8.29
4.25
4.25
Return on Capital (%)
7.09
10.75
8.28
8.76
5.25
13.42
13.9
11.7
9.77
4.39
13.93
14.14
12.87
10.35
9.03
4.98
4.98
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
49
44
44
LT Borrowings
66
61
55
LT Finance Leases
74
76
87
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
2,331
2,565
2,581

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
1,266
1,224
1,344
Cash, Cash Equivalents & STI
520
449
558
Accounts Receivable, Net
373
392
487
Inventories
114
142
114
Total Current Liabilities
690
608
712
Payables & Accruals
- -
- -
- -
ST Debt
49
44
44
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.62%
6.45%
0.03%
Free Cash Flow
125.19%
282.89%
-29.58%
Net Income, GAAP
14.25%
-8.95%
-42.77%
Sales/Revenue/Turnover
6.54%
6.05%
5.54%
Total Cash Common Dividend
- -
- -
25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
416
426
471
545
1,859
2023
428
395
453
540
1,816
2024
435
444
429
609
1,916

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
3.99
1.52
3.43
- -
13.26
2023
2.83
3.29
3.99
2.26
12.37
2024
2.7
0.19
3.24
1.49
7.08

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
4
2023
- -
- -
- -
- -
4
2024
- -
- -
- -
- -
5
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Business
Comarch SA (WSE:CMR) designs, develops, implements and integrates advanced IT systems and solutions for telecommunications, finance, public administration, trade, services, healthcare, industry and the SME sector worldwide. The company provides Internet of Things (IoT) solutions; telecommunications billing and customer support systems including Comarch BSS; banking software encompassing small business and corporate banking, mobile banking, factoring, cloud factoring, trade finance, wealth management, asset management, loan origination, custody, digital insurance, life insurance, anti-money laundering and business intelligence tools; Comarch Open Platform, a cloud-native microservices-based digital banking platform; ERP systems; electronic document and process management platforms such as EOS, ERGO and EZD; e-Government services; loyalty management, marketing campaign management, electronic data interchange and sales force applications; healthcare IT systems for hospitals and health record management; smart parking and security platforms; as well as video analysis tools and employee portals. Founded in 1993 and headquartered in Krakow, Poland, Comarch operates through offices in over 30 countries across Europe, North America, Asia and Africa, serving global brands with customized, award-winning software recognized by analysts including Forrester and Gartner. In October 2025, CGI Inc entered a conditional agreement to acquire Comarch Polska SA, its public administration-focused subsidiary employing over 460 IT professionals, to enhance CGI's offerings in ERP, digital process management and AI-driven public sector services; the transaction, subject to approvals, underscores Comarch's solution competitiveness while allowing focus on core sectors. Recent milestones include full ownership transition to the Filipiak family, CVC Capital Partners Fund IX and Anna Prokop via a tender offer delisting the company from the Warsaw Stock Exchange; a pilot OSS transformation project in Libya with partners Makman Technology Consulting and Hatif Libya launched in October 2025 to advance AI-driven networks; recognition as a Marka Godna Zaufania 2025 laureate; and innovations in compliant e-invoicing and AI-enhanced invoicing per 2024-2025 assessments.