1. Poland Stocks

  2. •

    Financial Services

  3. •

    Financial - Credit Services
M.W. Trade S.A.

M.W. Trade S.A.

MWT.WA
M.W. Trade S.A.PL flagWarsaw Stock Exchange
3.08
PLN
- -
- -
7.86MMarket Cap
M.W. Trade S.A.
MWT.WA
(Warsaw Stock Exchange)

Recent

price

3.08

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
1.3
1.73
1.98
5.32
7.31
8.38
9.18
6.96
4.87
3.29
1.56
0.48
0.21
0.5
0.28
0.18
0.26
Revenue per Share
0.35
0.86
1.1
1.08
1.68
2.05
2.31
1.51
0.93
0.24
-0.25
-0.46
-0.07
-0.69
-0.89
-1.1
-1.1
Basic EPS, GAAP
-0.49
-5.55
-3.69
-11.59
-13.18
10.09
-1.67
12.17
8.94
14.01
12.9
0.55
4.56
1.07
-2.13
-3.07
-1.04
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.53
0.83
1.02
1.15
0.75
0.46
- -
2.1
- -
- -
- -
- -
- -
Dividend per Share
1
1.85
1.92
1.91
2.51
2.88
3.15
2.34
1.76
0.84
0.59
0.37
0.76
1.81
1.39
1.22
0.92
Book Value per Share
3.55
4.45
5.33
6.35
7.51
8.7
10
10.37
10.55
10.1
9.86
7.3
7.23
11.54
10.61
9.38
9
Tangible Book Value per Share
8
8
8
8
8
8
8
8
8
8
8
8
8
3
3
3
3
Basic Weighted Avg Shares
11
14
17
45
61
70
77
58
41
28
13
4
2
1
1
- -
1
Sales/Revenue/Turnover
36.42
64.75
69.33
23.97
27.74
30.3
30.96
26.77
23.5
14.89
-0.13
-46.6
-122.95
-168.67
-467.37
-789.53
-539.01
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
7
9
9
14
17
19
13
8
2
-2
-4
-1
-2
-2
-3
-3
Net Income, GAAP
22.11
22.02
22.75
19.34
19.07
19.26
19.08
19.11
19.4
59.26
492.22
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
26.91
49.39
55.51
20.21
22.92
24.44
25.2
21.7
19.01
7.42
-15.81
-95.38
-34
-137.88
-319.97
-599.57
-419.73
Profit Margin (%)
- -
- -
- -
26
2
-33
-79
25
-25
17
72
54
54
25
19
13
12
Working Capital
4
6
1
96
233
157
85
161
55
48
3
- -
- -
1
- -
- -
- -
LT Debt
29
37
44
53
63
73
84
87
89
85
83
61
61
29
27
24
23
Total Equity
9.71
16.19
17.11
5.54
4.11
4.42
4.95
3.41
2.55
0.74
0.05
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
33.18
30.22
34.16
7.37
4.81
5.08
5.83
4.14
3.35
1.36
-3.83
- -
- -
- -
- -
- -
- -
Return on Capital (%)
55.5
60.2
58.82
56.37
75.88
75.99
76.79
55.04
45.17
18.84
-34.66
-95.47
-12.81
-32.15
-55.54
-84.14
-108.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
12
7
9

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
14
15
14
Cash, Cash Equivalents & STI
13
14
13
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2
2
2
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.46%
-19.6%
-11.83%
Free Cash Flow
-63.42%
57.5%
43.58%
Net Income, GAAP
-9.05%
48.85%
23.34%
Sales/Revenue/Turnover
-36.15%
-46.37%
-34.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
1
2
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.29
-0.28
-0.25
- -
-1.1
2025
-0.29
-0.51
-0.75
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
M.W. Trade S.A. (WSE: MWT.WA) is a Poland-based holding company primarily engaged in the rental and leasing of freight railway wagons under the ROSCO (Rolling Stock Company) model for the rail logistics industry. Founded in 2004 and headquartered at Powstańców Śląskich 125/200 in Wrocław, Poland, the company listed on the Warsaw Stock Exchange in 2007 and operates mainly through its subsidiary MW Rail S.A., with additional activities in event and impresario services. Its core offerings include long-term leasing contracts for various types of freight wagons, such as platform, hopper, and tank cars; rolling stock portfolio management; maintenance coordination; and flexible financing solutions tailored to rail operators' needs, leveraging the group's financial services expertise. Prior to a strategic pivot in 2022, M.W. Trade focused on financial and advisory services for public healthcare units and suppliers in Poland, encompassing debt restructuring, investment financing, loans, accounts receivable financing, and financial leasing for hospitals, pharmaceutical firms, medical equipment providers, and local government entities. The shift to rail logistics enables dynamic expansion of its wagon fleet, supported by stable financing drawn from two decades of financial sector experience. Geographically, operations center in Poland with potential for European rail market penetration through strategic partnerships. Recent developments include the July 2025 establishment of subsidiary MW Sigma Trade Sp. z o.o. for sales activities; a delayed disclosure of a confidential agreement in July 2025; capital increase in MW Rail with new shareholders Marek Zaleśny and Thomas Kargl; appointment of Piotr Wasilewski as MW Rail CEO; statute amendments and unified statute registration in July 2025; and ongoing order book updates alongside interim financial reporting through September 2025, reflecting portfolio growth and related-party loan provisions to subsidiaries.