Budimex SA

Budimex SA

192.31
USD
-11.27
(-5.54%)
4.92BMarket Cap
Oct 27Next 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
186.03
193.89
201.1
218.26
249.48
289.35
296.5
301.96
309.88
337.6
383.92
357.14
369.7
- -
Basic EPS, GAAP
11.77
7.52
9.24
16.05
18.19
11.96
8.85
18
38.06
20.93
28.91
24.13
29.3
- -
Free Cash Flow per Basic Share
11.72
18.41
26.16
22.28
6.41
-21.34
20.78
32.36
25.89
51.02
45.83
12.16
15.48
- -
Dividend per Share
4.39
11.85
6.11
8.14
14.99
17.61
6.3
4.56
31.6
23.47
17.99
35.69
25.43
- -
Book Value per Share
24.53
20.34
23.47
31.39
34.53
29.12
31.65
45.02
51.67
49.29
59.96
48.27
52.33
29.88
Tangible Book Value per Share
21.5
17.29
20.45
27.35
30.48
25.14
18.44
32.07
39.18
36.63
47.85
36.75
41.35
19.2
Basic Weighted Avg Shares
26
26
26
26
26
26
26
26
26
26
26
26
26
26
Sales/Revenue/Turnover
4,749
4,950
5,134
5,572
6,369
7,387
7,570
7,709
7,911
8,619
9,802
9,118
9,439
- -
Operating Margin (%)
4.3
4.84
5.17
9.25
9.05
5.09
3.94
6.04
7.37
6.65
7.47
8.24
9.07
- -
Depreciation Expense
29
23
22
26
37
52
106
138
147
152
157
159
192
- -
Net Income, GAAP
300
192
236
410
464
305
226
459
972
534
738
616
748
- -
Effective Tax Rate (%)
9.05
20.06
20.31
19.74
19.96
24.27
31.14
26.55
15.97
15.53
19.74
25.74
20.39
- -
Profit Margin (%)
6.33
3.88
4.59
7.36
7.29
4.13
2.99
5.96
12.28
6.2
7.53
6.76
7.93
- -
Working Capital
371
258
226
475
570
551
451
791
712
510
665
191
191
-377
LT Debt
34
46
45
62
92
184
273
262
155
149
172
194
348
353
Total Equity
645
523
603
806
882
750
837
1,187
1,361
1,299
1,570
1,283
1,389
816
Return on Invested Capital (%)
38.85
24.6
30.5
42.65
40.4
25.53
16.73
21.02
27.67
27.07
35.73
31.92
39.78
- -
Return on Capital (%)
49.7
30.15
37.93
52.98
49.52
31.12
20.46
31.21
59.51
33.93
44.48
37.02
45.35
- -
Return on Common Equity (%)
56.72
33.52
42.17
58.53
55.19
37.6
29.14
46.94
78.72
41.47
52.93
44.58
58.25
- -

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
93
90
138
LT Borrowings
210
- -
- -
LT Finance Leases
138
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
16,555
15,923
18,511

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,688
5,586
4,876
Cash, Cash Equivalents & STI
2,902
2,860
1,518
Accounts Receivable, Net
822
1,140
1,456
Inventories
782
848
831
Total Current Liabilities
5,497
5,287
5,253
Payables & Accruals
- -
- -
- -
ST Debt
93
90
138
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.25%
4.18%
8.23%
Free Cash Flow
-64.03%
4.13%
27.22%
Net Income, GAAP
23.96%
21.9%
21.45%
Sales/Revenue/Turnover
6.5%
4.37%
3.52%
Total Cash Common Dividend
65.65%
122.71%
-28.75%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,645
2,395
2,470
2,607
9,118
2025
1,642
2,305
- -
3,030
9,439
2026
1,497
2,734
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.67
6.17
6.67
6.62
24.13
2025
4.48
6.12
- -
12.03
29.3
2026
3.38
6.4
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
35.69
2025
- -
- -
- -
- -
25.43
2026
- -
- -
- -
- -
- -

Company Description

CEO
Artur Popko
Full Time Employees
7,742
Sector
Industrial services
Industry
Engineering & construction
Address
Siedmiogrodzka 9 Warsaw MZ Poland 01-204
IPO Date
May 25, 1995
Website
budimex.pl
Business
Budimex SA (BDX.WA) operates as a leading general contractor in the construction sector, delivering comprehensive infrastructure, building, energy, industrial and environmental projects across Poland and internationally. The company provides road, bridge and hydraulic engineering construction; general contracting for public buildings, commercial, industrial, military, residential and sports facilities; railroad projects including infrastructure such as platforms, stations, overpasses and lines, along with equipment, transportation, superstructure installation, turnouts and welding services; gas and steam units, gas transmission pipelines, thermal waste conversion installations, water treatment stations and flue gas desulfurization or denitrification facilities; laboratory and technological facilities; waste management; technical maintenance of facilities and national roads or motorways; recycling of construction materials; building maintenance; electromobility infrastructure including electric vehicle charging stations; and prefabrication, supply and assembly of steel structures plus mechanical assembly for cement, lime, power, metallurgical and chemical industries. Through subsidiaries, it develops renewable energy projects; strengthens facility management and waste management services; leads in steel structures; and expands national charging infrastructure for electric vehicles. Founded in 1968 and headquartered in Warsaw, Poland, Budimex SA maintains primary operations in Poland with expansion into Germany, Czech Republic, Slovakia, Latvia and other European markets; it functions as a subsidiary of Ferrovial Construction International SE. Recent developments include the 2024 establishment of BXF Energia, a joint venture with Ferrovial where Budimex holds a 51% majority stake to develop large-scale photovoltaic and wind projects targeting 500 MW capacity in construction or operation over five years; acquisition of RES projects such as a 7 MW wind farm in Drachów and 14 MW photovoltaic farm in Mszczonów; Mostostal Kraków's purchase of PPUH Konstalex to boost steel structure capacity to 17,000 tons annually; return to the WIG-20 index after 20 years; office openings in Prague and entities BXBau and RailBX in Germany plus a D1 motorway contract in Slovakia; launch of Budimex Mobility for electromobility with Elocity partnership and 109 charging stations from Enea Operator; full control of FBSerwis; announcement of ESG Strategy; and adoption of Dividend Policy Assumptions for 2025-2030.