1. Poland Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
ERBUD S.A.

ERBUD S.A.

GGPW:ERB
23.70
PLN
-0.10
(-0.42%)
-2.76EPS
319.12MMarket Cap
Nov 16Next Earn
ERBUD S.A.
GPW:ERB
(Warsaw Stock Exchange)

Recent

price

23.70

P/E

ratio

- -

div

yld

9.44%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
87.75
121.11
109.35
96.38
132.83
134.22
139.7
140.92
182.01
180.56
174.36
252.14
321.09
271.12
249.84
273.18
260.83
Revenue per Share
0.96
-1.61
1.36
1.36
2.07
2.18
0.14
1.76
-1.59
2.63
3.65
0.71
0.69
0.84
-2.42
-3
-3.44
Basic EPS, GAAP
1.14
-5.47
7.02
-4.3
8.44
0.74
5.2
-3.76
4.17
-10.17
22.74
-21.25
-15.81
21.55
15.24
-3.13
-5.39
Free Cash Flow per Basic Share
0.5
0.02
0.01
- -
0.74
0.52
1.68
1.2
1.19
0.05
0.16
0.27
0.04
0.88
2.24
2.24
2.24
Dividend per Share
19.01
17.44
18.75
20.07
19.92
21.76
19.64
21.53
18.2
20.82
24.28
45.7
45.34
45.06
40.78
36.15
34.6
Book Value per Share
17.38
15.8
17
18.34
18.01
19.79
17.85
19.74
15.12
17.75
19.99
41.48
40.72
40.55
35.98
31.13
29.57
Tangible Book Value per Share
13
13
13
13
13
13
13
13
13
13
13
12
12
12
12
12
12
Basic Weighted Avg Shares
1,104
1,528
1,384
1,224
1,692
1,715
1,790
1,805
2,332
2,313
2,228
3,102
3,856
3,234
2,980
3,258
3,112
Sales/Revenue/Turnover
1.89
-0.8
2.33
2.67
2.24
2.35
2.45
2.28
-0.47
2.53
3.14
3.36
0.76
1.02
0.4
0.73
0.55
Operating Margin (%)
8
8
8
8
9
11
11
11
15
21
23
28
33
37
43
52
54
Depreciation Expense
12
-20
17
17
26
28
2
23
-20
34
47
9
8
10
-29
-36
-41
Net Income, GAAP
36.01
- -
21.16
27.95
22.64
31.44
18.39
21.26
- -
28.31
21.6
75.01
- -
53.85
30,751.79
- -
- -
Effective Tax Rate (%)
1.1
-1.33
1.24
1.41
1.56
1.62
0.1
1.25
-0.87
1.45
2.09
0.28
0.22
0.31
-0.97
-1.1
-1.32
Profit Margin (%)
190
212
231
211
250
259
239
244
196
225
176
563
467
431
268
290
278
Working Capital
15
13
13
14
23
33
66
63
82
101
36
155
189
178
178
250
257
LT Debt
249
230
251
267
267
296
261
286
241
275
310
685
665
675
629
573
552
Total Equity
4.74
- -
7.56
7.75
10.61
7.5
9.28
7.42
- -
9.2
12
3.55
- -
0.99
694.65
- -
- -
Return on Invested Capital (%)
6.17
- -
7.44
7.1
9.9
7.79
2.15
7.55
- -
8.81
10.79
-0.22
- -
1.27
-749.31
- -
- -
Return on Capital (%)
5.09
-8.86
7.52
6.99
10.38
10.45
0.68
8.55
-8.01
13.46
16.44
2.06
1.52
1.86
-5.64
-7.79
-9.28
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
176
138
173
LT Borrowings
146
143
138
LT Finance Leases
103
106
119
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
382
336
319

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,567
1,390
1,329
Cash, Cash Equivalents & STI
194
282
168
Accounts Receivable, Net
610
531
511
Inventories
168
172
198
Total Current Liabilities
1,269
1,100
1,050
Payables & Accruals
- -
- -
- -
ST Debt
176
138
173
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.25%
20.68%
-8.95%
Free Cash Flow
-104.98%
-120.53%
-120.57%
Net Income, GAAP
21.88%
-86.15%
23.9%
Sales/Revenue/Turnover
7.88%
9.77%
9.34%
Total Cash Common Dividend
246.1%
425.68%
-0.05%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
644
689
771
875
2,980
2025
733
800
910
815
3,258
2026
587
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
-0.7
0.42
-2.37
-2.42
2025
-1.1
0.13
-0.71
-1.32
-3
2026
-1.55
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
2.24
- -
- -
2.24
2025
- -
2.23
- -
- -
2.24
2026
- -
- -
- -
- -
- -
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Business
Erbud S.A. (ERB.WA) operates as a general contractor in the construction sector, specializing in comprehensive building and infrastructure projects across Poland and select international markets. The company provides a wide range of services including general contracting for commercial, industrial, residential, and public buildings; civil engineering works such as roads, bridges, and pipelines; industrial construction for power plants, refineries, and manufacturing facilities; as well as building services encompassing design, project management, and facility maintenance. Its project portfolio features key brands and categories like office complexes, retail centers, hospitals, and energy infrastructure, delivered through subsidiaries focused on specialized segments including ERBUD Industrial and ERBUD Building. Founded in 1990 and headquartered in Warsaw, Poland, Erbud S.A. serves public sector clients, private developers, and industrial enterprises primarily in Central and Eastern Europe, with operations extending to Germany, the United Kingdom, and the Baltic states. The company structures its business into core segments of building construction, civil engineering, and industrial projects, targeting markets in commercial real estate, energy, and transportation infrastructure. In recent developments, Erbud S.A. secured significant contracts in 2024 and 2025, including multi-billion PLN deals for energy storage facilities and offshore wind farm infrastructure as part of Poland's green energy transition; formed strategic partnerships with international firms for sustainable construction technologies; and expanded through the acquisition of regional contractors to bolster its civil engineering capabilities. These moves reflect a major strategic shift toward renewable energy projects and ESG-compliant developments, alongside a 2024 bond issuance for funding expansion and operational enhancements in industrial segments. No major name changes or reorganizations have occurred recently, maintaining focus on organic growth and backlog exceeding PLN 5 billion as of late 2025.