FERRO S.A.

FERRO S.A.

8.06
EUR
+0.06
(+0.75%)
0.75EPS
8.06P/E
128.31MMarket Cap
Dec 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.84
12.75
13.75
15.65
17.17
19.09
21.24
24.44
39.1
43.07
37.81
36.88
35.52
35.7
Basic EPS, GAAP
1.04
1.13
1.05
1.37
0.52
1.78
1.88
2.92
5.08
3.08
3.16
3.4
3.22
3.21
Free Cash Flow per Basic Share
2.68
-0.79
1.38
1.46
2.3
-1.52
2.35
2.74
2.13
-1.36
7.14
4.73
2.02
6.71
Dividend per Share
0.24
1
1
0.75
1.2
0.35
1.12
0.4
2.2
1.51
1.5
3.16
3.14
- -
Book Value per Share
8.79
8.6
9.13
10.06
9.34
10.98
11.78
14.74
18.19
20.66
21.24
21.12
21.52
22.52
Tangible Book Value per Share
1.79
1.8
1.91
2.65
1.98
3.4
4.19
6.82
8.8
10.65
11.69
11.75
11.83
12.77
Basic Weighted Avg Shares
21
21
21
21
21
21
21
21
21
21
21
21
21
21
Sales/Revenue/Turnover
270
271
292
332
365
406
451
519
831
915
803
783
755
758
Operating Margin (%)
11.85
13.04
10.93
12.03
12.6
12.92
13.23
14.21
12.54
11.42
12.26
12.82
11.09
11.54
Depreciation Expense
2
2
2
5
4
4
6
7
13
15
18
17
19
19
Net Income, GAAP
22
24
22
29
11
38
40
62
108
65
67
72
68
68
Effective Tax Rate (%)
19.78
12.13
15.47
20.24
72.7
19.46
25.95
18.83
0.43
15.6
18.63
18.31
16.77
16.63
Profit Margin (%)
8.07
8.86
7.63
8.75
3.03
9.3
8.86
11.96
12.98
7.15
8.35
9.22
9.07
8.99
Working Capital
51
49
68
67
55
75
84
128
190
235
213
189
188
212
LT Debt
50
30
48
32
37
30
30
22
67
89
50
21
15
14
Total Equity
185
189
194
214
198
233
250
313
400
445
456
453
462
483
Return on Invested Capital (%)
9.1
11.42
9.88
11.31
4.39
13.4
12.85
15.66
21.3
14.62
12.53
13.42
11.54
12.01
Return on Capital (%)
9.12
9.88
8.79
10.66
4.93
13.32
12.37
16.72
22.5
12.61
12.46
13.01
12.85
12.66
Return on Common Equity (%)
11.95
12.83
11.64
14.27
5.37
17.48
16.55
22.03
30.82
15.85
15.06
16.05
15.11
14.43

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
125
137
83
LT Borrowings
6
6
5
LT Finance Leases
11
10
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
21
21
Market Capitalization
619
557
550

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
521
432
442
Cash, Cash Equivalents & STI
40
36
27
Accounts Receivable, Net
165
133
159
Inventories
310
249
246
Total Current Liabilities
350
244
230
Payables & Accruals
- -
- -
- -
ST Debt
125
137
83
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.57%
8.55%
1.91%
Free Cash Flow
-124.26%
-180.31%
-57.32%
Net Income, GAAP
31%
7.87%
-5.21%
Sales/Revenue/Turnover
11.28%
10.36%
-3.68%
Total Cash Common Dividend
64.79%
105.61%
-0.63%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
199
180
205
199
783
2025
196
174
193
192
755
2026
200
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.79
0.78
1.28
0.55
3.4
2025
0.94
0.5
0.89
0.89
3.22
2026
0.93
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.16
2025
- -
- -
- -
- -
3.14
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wojciech Gatkiewicz
Full Time Employees
830
Sector
Producer manufacturing
Industry
Building products
Address
ul. Przemyslowa 7 Skawina MA Poland 32-050
IPO Date
Apr 14, 2010
Business
Ferro S.A. is a Poland-based manufacturer specializing in sanitary and heating technology, with a strong presence primarily in Central and Eastern Europe. The company offers an extensive range of products including sanitary fittings such as mixers, showers, sinks, shower trays, bathtubs, bathroom accessories; installation fittings; heating solutions including water-measured heat pumps, radiators, pumps, heating controls, and from 2021, gas boilers. Ferro targets both individual customers and institutional clients such as real estate developers and property managers. The company operates production facilities and sales networks across Poland, Czech Republic, Slovakia, Romania, Bulgaria, Hungary, Lithuania, and other neighboring countries. Founded in 1992 and headquartered in Skawina, Poland, Ferro has developed a portfolio covering more than 25 product categories recognized for European standards quality. Recent major company changes include the strategic acquisition of a majority stake in Termet S.A., a leading Polish manufacturer of heating devices including renewable energy-based heating solutions, completed in early 2021, which significantly expanded Ferro's heating product range and allowed further penetration into the Central and Eastern European market. This acquisition also included Tester sp. z o.o., a producer of electronic control and automation systems for gas devices, strengthening Ferro's technological capabilities in heating system control. Ferro continues to implement its F1 Strategy focused on integration, product portfolio expansion, and geographic market growth. The company maintains logistics centers and production facilities in several countries across the region to support local market responsiveness and expansion initiatives. Ferro S.A. operates under the FERRO brand and remains a leading player in the sanitary and heating segments within the construction supplies sector. Its business strategy emphasizes innovation in water and energy-saving technologies and a strong local market presence complemented by broader regional expansion throughout Central and Eastern Europe. The combination of sanitary fixtures, plumbing fittings, and heating technology solutions positions Ferro as a comprehensive provider in its sectors with a growing footprint supported by strategic acquisitions and ongoing product development. The company is publicly listed on the Warsaw Stock Exchange (Ticker: FRO.WA) and employs approximately 845 people.