Equity Brief · Financial Services2026-10-27
GPW.WA·Financial Services

Gielda Papierów Wartosciowych w Warszawie S.A.

I · AI Analysis

The brief

GPW runs Poland's primary stock exchange, offering trading platforms for shares, bonds, derivatives, and commodities, plus post-trade clearing and settlement through its subsidiaries [Yahoo Finance]. The company also operates electricity and gas trading markets, maintains registry systems for certificates of origin, and provides benchmark calculation services including WIBID and WIBOR rates [Yahoo Finance].

Giełda Papierów Wartościowych w Warszawie S.A. (GPW) operates the Warsaw Stock Exchange, providing listing, trading, clearing and settlement services for equities, bonds, derivatives and commodities across multiple Polish markets [Yahoo Finance]. The company recently unveiled five technology solutions as part of a strategic update [ad-hoc-news.de]. With trailing-twelve-month revenue of PLN 599.7M and operating margins near 38%, GPW maintains a strong financial position though institutional ownership remains modest at 13.6% [Yahoo Finance].

GPW is financially healthy with strong profitability, minimal debt, and consistent cash generation [Sentinellis calculation].

The brief AI analysisConfidence 6/10

Sentinellis health

Financially healthy

8.9/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

16% of score6.7/10
Net margin+35.9%Gross margin+39.2%· need ≥ 62.8%, the lower third of fee financials in our library

Returns on capital

16% of score10.0/10
ROIC+28.8%Return on equity+19.2%

Growth & momentum

21% of score10.0/10
Revenue growth+7.9%Operating margin trend-1.4pp YoY

Balance sheet

32% of score10.0/10
Current ratio1.9xNet debt / EBITDA-1.8xInterest coverage57.3xDebt / equity0.02

Cash generation

16% of score6.7/10
Free cash flowPLN 129.1MCash vs reported profitPLN 195.1M vs PLN 215.1M· need OCF > net income

Value creation

no data
ROIC vs cost of capital—· no data

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

PLN 4.6B

Revenue (TTM)

PLN 599.7M

Explainers

How we read these numbers

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II · Recent news

What moved

1 story · ranked by relevance

  • Company2026-10-20

    GPW presents five technology solutions in strategy update for GPW stock - ad-hoc-news.de

    ad-hoc-news.de

Premium · Free with any account

Analysts covering the company expect earnings to fall: the forward P/E of 29.1x sits above the trailing 22.4x, meaning the market is pricing in lower future earnings per share [Yahoo Finance].

1 of 5 risks in this report

Risks

5

Opportunities

4

Leadership

9

8 more findings in the full report — free with any account.

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III · Related

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Produced 27 Oct 2026, 10:40 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated