NEUCA S.A.

NEUCA S.A.

705.00
PLN
-5.00
(-0.70%)
41.95EPS
16.11P/E
3.14BMarket Cap
Nov 19Next 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
1,284.19
1,455.13
1,565.34
1,605.57
1,645.4
1,714.68
1,916.22
2,138.98
2,247.44
2,576.49
2,689.43
2,824.44
3,006.38
3,102.8
Basic EPS, GAAP
18.91
20.62
22.83
25.35
20.77
21.14
27.16
32.81
34.32
31.48
33.3
34.54
34.28
43.13
Free Cash Flow per Basic Share
6.14
44.87
40.66
39.71
26.77
31.22
46.85
55.42
56.38
58.38
65.63
14.16
120.94
87.82
Dividend per Share
3.2
3.82
4.32
5
5.78
6.54
7.46
8.58
10.06
11.83
13.26
14.84
15.87
- -
Book Value per Share
89.25
101.6
117
131.03
136.06
142.2
152.65
176.06
193.33
202.96
224.63
253.99
238.49
247.69
Tangible Book Value per Share
64.56
65.88
66.82
69.79
67.7
57.84
57.68
52.57
15.88
5.2
-30.67
-3.01
-31.96
-25.24
Basic Weighted Avg Shares
5
5
4
4
5
5
4
4
4
4
4
4
5
5
Sales/Revenue/Turnover
5,795
6,569
6,946
7,077
7,485
7,753
8,272
9,245
9,864
11,232
11,813
12,612
13,644
14,138
Operating Margin (%)
2.15
1.41
2.06
2.35
1.93
1.93
2.25
2.75
2.57
2.28
2.29
2.41
2.17
2.41
Depreciation Expense
24
28
29
31
33
49
56
65
80
98
115
120
127
130
Net Income, GAAP
85
93
101
112
94
96
117
142
151
137
146
154
156
197
Effective Tax Rate (%)
18.36
- -
16.24
20.72
23.98
24.35
24
25.94
24.57
26.84
21.75
24.42
23.93
22.43
Profit Margin (%)
1.47
1.42
1.46
1.58
1.26
1.23
1.42
1.53
1.53
1.22
1.24
1.22
1.14
1.39
Working Capital
72
117
60
-4
-52
-107
-258
-126
-228
-301
-477
-204
-513
-503
LT Debt
71
161
116
69
139
186
133
140
133
148
151
152
153
143
Total Equity
408
464
527
587
627
639
644
771
883
935
1,057
1,412
1,269
1,331
Return on Invested Capital (%)
14.69
- -
14.29
14.82
11.49
10.98
11.37
15.21
14.6
14.76
15.03
12.52
10.58
13.17
Return on Capital (%)
17.57
- -
15.96
16.63
12.95
11.68
12.15
14.88
15.69
13.49
14.36
11.58
11.08
13.65
Return on Common Equity (%)
23.15
21.7
20.86
20.43
15.77
15.2
18.32
20.13
18.71
15.89
15.62
14.49
14.16
18.1

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
348
436
302
LT Borrowings
- -
- -
- -
LT Finance Leases
153
149
143
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
5
5
Market Capitalization
3,610
3,019
3,139

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,173
4,038
4,116
Cash, Cash Equivalents & STI
169
185
137
Accounts Receivable, Net
2,003
2,035
2,192
Inventories
1,926
1,786
1,760
Total Current Liabilities
4,686
4,493
4,619
Payables & Accruals
- -
- -
- -
ST Debt
348
436
302
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.75%
11.38%
-10.08%
Free Cash Flow
75.36%
141.88%
768.06%
Net Income, GAAP
4.99%
2.05%
0.87%
Sales/Revenue/Turnover
7.04%
8.14%
8.18%
Total Cash Common Dividend
14.19%
14.24%
8.71%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,162
3,043
3,185
3,221
12,612
2025
3,366
3,268
3,489
3,521
13,644
2026
3,557
3,571
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12.71
6.85
9.36
5.65
34.54
2025
10.66
4.36
13.26
6.01
34.28
2026
14.93
8.88
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.22
0.1
14.84
2025
- -
- -
- -
- -
15.87
2026
- -
- -
- -
- -
- -

Company Description

CEO
Grzegorz Dzik
Full Time Employees
4,738
Sector
Distribution services
Industry
Medical distributors
Address
ul. Forteczna 35-37 Torun KP Poland 87-100
IPO Date
Sep 30, 2004
Website
neuca.pl
Business
Neuca S.A. operates as a leading pharmaceutical wholesaler and healthcare services provider in Poland. The company distributes prescription (Rx) and over-the-counter (OTC) medicines, dietary supplements, medical devices, dermocosmetics, hygiene products, personal protective equipment, diagnostic and dressing materials under brands including Świat Zdrowia, APTEO, GENOPTIM, CERA+ Solutions, and Kic Kic to pharmacies, medical professionals, and patients. Its business segments encompass wholesale distribution of pharmaceuticals; manufacture of medicines and pharmaceutical preparations; operation of a network of medical clinics; conducting clinical trials and outsourcing clinical research; telemedicine; healthcare e-commerce via platforms such as apteline.pl; and insurance activities including health insurance products and occupational medicine services. Neuca also offers marketing, advertising, IT solutions, and logistics services tailored for the pharmaceutical market. Founded in 1990 and headquartered in Toruń, Poland, Neuca serves approximately 9,000 pharmacies across the country and maintains a strong position with around 30% market share in pharmaceutical wholesale distribution. The company employs over 3,500 people across its subsidiaries. Recent strategic developments include a 2021 acquisition of a 50% stake in Global Pharma CM, a Polish manufacturer of medical devices and dietary supplements, aimed at expanding its manufacturing capabilities and R&D efforts in new product development. Neuca continuously invests in advancing medical technologies, automation of manufacturing processes, and synergistic growth within healthcare sectors. It remains committed to supporting independent pharmacies while growing its patient care network, clinical research activity, and e-health offerings. Neuca’s integrated business model combining wholesale pharmaceutical distribution with manufacturing, clinical services, telemedicine, and insurance solutions positions it uniquely in Poland’s healthcare market. The company focuses on enhancing customer satisfaction, strengthening its pharmacy partners, and expanding patient-centered services throughout the region, underpinned by steady revenue growth and operational improvements as reflected in recent financial results.