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  2. •

    Industrials

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    Industrial - Machinery
Newag S.A.

Newag S.A.

NWG.WA
Newag S.A.PL flagWarsaw Stock Exchange
93.90
PLN
-1.00
- -
4.23BMarket Cap
Newag S.A.
NWG.WA
(Warsaw Stock Exchange)

Recent

price

93.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.56
15.12
20.01
23.01
12.42
17.55
22.7
19.91
29.34
20.39
21.42
27.36
35.32
53.03
54.18
Revenue per Share
1.23
0.81
1.74
1.44
0.25
0.66
2.07
1.99
4.86
1.59
0.51
2.12
2.71
7.91
8.05
Basic EPS, GAAP
-2.03
-1.98
-0.08
1.71
0.09
0.18
-0.23
-0.34
4.41
1.65
-0.46
14.71
-1.76
9.49
6.82
Free Cash Flow per Basic Share
- -
0.22
0.45
1
0.5
0.7
- -
0.75
1
1.5
0.25
- -
0.96
2
- -
Dividend per Share
1.32
0.95
1.79
1.46
0.89
0.5
2.23
10.23
13.39
13.52
13.8
15.87
15.05
20.71
22.03
Book Value per Share
6.08
6.61
7.96
8.25
8.08
8.17
10.32
11.58
14.72
14.84
15.22
17.35
18.73
24.74
26.11
Tangible Book Value per Share
45
45
45
45
45
45
45
45
45
45
45
45
45
45
45
Basic Weighted Avg Shares
655
681
901
1,035
559
790
1,022
896
1,320
918
964
1,231
1,589
2,386
2,434
Sales/Revenue/Turnover
14.07
10.32
12.31
9.3
2.98
5.8
12.33
14.52
20.41
9.07
5.36
11.62
12.07
19.86
19.69
Operating Margin (%)
14
19
22
24
30
34
36
34
37
44
44
44
50
58
58
Depreciation Expense
56
37
78
65
11
30
93
89
219
72
23
95
122
356
362
Net Income, GAAP
20.63
21.63
21.35
15.06
- -
14.81
19.37
16.71
8.17
10.22
- -
15.86
18.33
17.42
16.95
Effective Tax Rate (%)
8.47
5.37
8.7
6.27
2
3.77
9.14
9.99
16.56
7.81
2.36
7.73
7.68
14.91
14.85
Profit Margin (%)
174
96
84
83
71
69
230
267
332
346
357
402
451
705
756
Working Capital
94
39
89
102
94
80
186
245
209
112
104
95
79
75
91
LT Debt
309
336
396
417
406
404
495
552
693
697
709
802
881
1,147
1,205
Total Equity
- -
8.82
12.64
11.88
- -
5.65
12.12
10.69
22.57
6.64
- -
10.86
14.77
32.05
31.74
Return on Invested Capital (%)
- -
13.74
25.96
23.65
- -
12.57
25.75
14.5
23.49
7.86
- -
12.18
15.28
39
35.74
Return on Capital (%)
- -
71.31
127.04
88.9
21.19
94.9
151.75
31.9
41.14
11.84
3.7
14.26
17.55
44.24
42.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
102
43
46
LT Borrowings
6
6
5
LT Finance Leases
70
69
85
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
3,818
4,230
4,762

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,541
1,549
1,515
Cash, Cash Equivalents & STI
272
538
383
Accounts Receivable, Net
404
187
191
Inventories
748
720
858
Total Current Liabilities
877
843
759
Payables & Accruals
- -
- -
- -
ST Debt
102
43
46
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.19%
11.1%
30.19%
Free Cash Flow
-583.26%
-849.33%
-639.09%
Net Income, GAAP
83.94%
80.48%
191.4%
Sales/Revenue/Turnover
14.12%
16.31%
50.15%
Total Cash Common Dividend
- -
- -
108.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
223
352
565
449
1,589
2025
375
475
925
612
2,386
2026
422
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.71
1.01
- -
2.71
2025
1.17
1.71
3.41
- -
7.91
2026
1.29
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.96
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
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Business
Newag S.A., founded in 1876 and headquartered in Nowy Sącz, Poland, manufactures, modernizes, repairs, and maintains railway rolling stock for operators across Poland and select international markets. The company produces electric and diesel multiple units such as the Impuls family of passenger trains; electric locomotives including the Griffin and Dragon models; diesel locomotives; trams; metro vehicles; and freight wagons, while also offering comprehensive modernization services for existing diesel and electric locomotives, passenger carriages, and traction units, alongside repair, maintenance, leasing, and control systems for rolling stock. Newag operates through subsidiaries including Newag Gliwice SA and Inteco SA, focusing on the railway and public transport sectors with a workforce of approximately 1,763 employees. In 2025, the company secured contracts for delivering electric locomotives and electric traction units, including agreements announced in November for locomotive supplies and traction team deliveries, as well as a June deal for sales and servicing of electric locomotives; earlier in February 2024, it signed a PLN 75 million contract with Rail STM for four electric locomotives slated for 2025 delivery, alongside a July statute update registration reflecting ongoing corporate governance adjustments. These developments reinforce Newag's dominant position in Poland's electric traction and locomotive markets since its 2013 Warsaw Stock Exchange debut.