1. Poland Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
MFO SA

MFO SA

GGPW:MFO
28.50
PLN
-1.30
(-4.36%)
1.37EPS
22.12P/E
199.55MMarket Cap
Dec 02Next Earn
MFO SA
GPW:MFO
(Warsaw Stock Exchange)

Recent

price

28.50

P/E

ratio

22.12

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
- -
32.51
35.54
32.15
35.44
41.98
58.95
62.7
66.2
63.94
149.89
139.66
87.16
93.34
103.75
104.3
Revenue per Share
- -
1.11
1.19
1.3
1.66
2.91
3.33
4.22
3.85
4.08
20.12
3.73
-2.24
1.09
1.52
1.37
Basic EPS, GAAP
- -
-0.35
-0.92
-2.45
-0.37
2.16
0.42
2.05
1.01
2.56
-1.25
12.82
4.68
-8.71
-7.88
-3.64
Free Cash Flow per Basic Share
- -
- -
- -
0.1
0.3
- -
0.57
0.63
0.84
- -
1
4
- -
- -
- -
- -
Dividend per Share
3.6
4.36
7.24
8.44
10.51
13.25
17.44
21.27
24.26
28.35
47.84
47.58
45.34
46.64
48.81
49.17
Book Value per Share
3.6
4.36
7.24
8.43
10.51
13.23
17.43
21.26
19.96
24.15
40.74
40.54
38.57
40.16
42.59
43.02
Tangible Book Value per Share
6
5
5
6
6
6
6
7
7
7
7
7
7
7
7
7
Basic Weighted Avg Shares
- -
163
178
196
216
256
366
414
437
422
990
923
576
617
685
689
Sales/Revenue/Turnover
- -
4.42
3.9
5.49
6.32
9.01
7.88
8.49
7.77
7.42
16.86
3.71
0.01
2.2
2.82
2.47
Operating Margin (%)
- -
1
1
1
2
2
2
3
4
5
5
7
9
9
10
11
Depreciation Expense
- -
6
6
8
10
18
21
28
25
27
133
25
-15
7
10
9
Net Income, GAAP
- -
12.34
10.27
20.71
18.79
18.85
20.5
19.43
19.73
18.65
18.97
18.74
- -
12.14
12.46
14.12
Effective Tax Rate (%)
- -
3.41
3.35
4.03
4.69
6.93
5.66
6.73
5.81
6.38
13.43
2.67
-2.57
1.17
1.47
1.31
Profit Margin (%)
- -
-1
16
11
15
23
48
45
52
68
172
157
156
107
104
100
Working Capital
2
5
6
8
5
7
13
12
8
6
1
- -
28
44
65
70
LT Debt
22
27
44
51
64
81
115
141
160
187
316
314
300
308
322
325
Total Equity
- -
17.77
13.95
13.35
13.76
19.16
16.87
16
14.06
11.65
45.08
7.68
- -
3.16
4.11
3.54
Return on Invested Capital (%)
- -
17
14.14
13.47
13.45
19.25
15.93
16.54
13.85
12.72
44.59
7.77
- -
2.99
3.77
3.66
Return on Capital (%)
- -
22.82
16.82
16.53
17.53
24.5
21.13
21.82
16.89
15.51
52.83
7.81
-4.81
2.36
3.2
2.83
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
36
50
40
LT Borrowings
45
43
41
LT Finance Leases
14
22
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
235
242
200

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
304
268
300
Cash, Cash Equivalents & STI
60
49
47
Accounts Receivable, Net
89
65
85
Inventories
128
125
139
Total Current Liabilities
192
164
200
Payables & Accruals
- -
- -
- -
ST Debt
36
50
40
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.25%
14.2%
4.64%
Free Cash Flow
-187.71%
-326.12%
-9.57%
Net Income, GAAP
16.71%
8.69%
40.2%
Sales/Revenue/Turnover
18.5%
21.65%
11.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
159
154
155
148
617
2025
170
171
178
168
685
2026
173
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.47
0.15
0.26
0.2
1.09
2025
0.53
0.66
0.5
-0.15
1.52
2026
0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
MFO S.A. manufactures and sells cold-formed steel profiles primarily for construction and industrial applications from its headquarters in Sochaczew, Poland, where the company was incorporated in 2011. The company produces steel reinforcements for uPVC windows and doors compatible with major systems including Aluplast, Rehau, Veka, Salamander, Gealan, Deceuninck, and Profine; octagonal roller tubes for external roller shutters; drywall framing profiles such as CD, UD, UA, CW, and UW standard and eco variants; mounting rails for ventilation, air conditioning, electrical installations, sanitary and heating systems, and cable trays; steel sections for technical flooring systems; posts for fencing systems and gates; and special sections for semi-trailers, truck bodies, furniture, rack systems, scaffolds, and photovoltaics including panel assemblies and solar farms. MFO S.A. operates across Poland, the European Union, and internationally, emphasizing automated production for dimensional accuracy, R&D-driven innovations like the patent-protected Sandwich Profile, Thermally Separated Profile, and profiles with widening embossing, and compliance with standards including PN-EN ISO 9001 and PN-EN 10162. Recent developments include ongoing share transactions and director dealings reported in October 2025 alongside interim financial disclosures for the first half of 2025, reflecting sustained market engagement amid stable operations in the steel fabrication sector.