KRUK SA (PL:KRU)
:KRU
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KRUK SA
(KRU)
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Rating:65Neutral
Price Target:
zł506.00
▲(0.56% Upside)
Action:N/ADate:09/14/25
KRUK SA receives an overall stock score of 65, primarily driven by strong financial performance with high profitability, tempered by significant concerns over negative cash flows and moderate leverage risks. A favorable valuation with a low P/E ratio and solid dividend yield provides a positive boost, while the lack of technical data limits momentum insights.
KRUK SA (KRU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
zł9.42B
Dividend Yield3.66%
Average Volume (3M)30.58K
Price to Earnings (P/E)8.8
Beta (1Y)0.70
Revenue Growth17.00%
EPS Growth-3.19%
CountryPL
Employees3,112
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)10.72
Shares Outstanding19,543,390
10 Day Avg. Volume31,239
30 Day Avg. Volume30,576
Financial Highlights & Ratios
PEG Ratio12.90
Price to Book (P/B)1.80
Price to Sales (P/S)3.83
P/FCF Ratio8.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)62.8
Revenue Forecast (FY)zł3.49B
KRUK SA Business Overview & Revenue Model
Company Description
KRUK Spólka Akcyjna, together with its subsidiaries, engages in the management of debt in Poland, Romania, Italy, the Czech Republic, Slovakia, Germany, Spain, and internationally. The company operates through Debt Purchase, Credit Management, and...
How the Company Makes Money
KRUK SA generates revenue primarily through the acquisition of non-performing loan portfolios, which it purchases at a discount from financial institutions and other creditors. The company then engages in debt collection efforts to recover the owe...
KRUK SA Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operating story: record recoveries, double‑digit EBITDA and asset growth, 20% ROE, a strengthened ERC, solid IRR/money‑multiple metrics, good lending EBITDA, and stable funding. Key negatives were tax-related net profit drag, currency effects (RON depreciation ~PLN 41m), higher operating/digital costs (~PLN 30m OpEx) and market-specific underperformance (Spain, France, some Slovak sales losses) plus investments slightly below plan. Overall, management presents a constructive long‑term strategy (digital transformation, reorganization to an investment vehicle) and expects higher or sustained investment activity in 2026, supporting a positive outlook despite near‑term headwinds.Positive Updates
Record Operating Performance
EBITDA and cash EBITDA grew by 12% year‑on‑year in 2025, marking a record year for the business.
Negative Updates
Net Profit and Tax Volatility
Net profit growth was materially smaller than operating growth due to higher taxation and increased deferred tax provisions in 2025; Q4 saw an increase in tax provisioning versus prior year, creating volatility in reported net profit.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Operating Performance
EBITDA and cash EBITDA grew by 12% year‑on‑year in 2025, marking a record year for the business.
Read all positive updates
Company Guidance
The management reiterated multi-year guidance to grow profit before tax by c.12% p.a. through 2025–2029 (the incentive plan benchmark) while targeting about PLN 15 billion of cumulative portfolio purchases as a benchmark (with flexibility to achieve targets with ~PLN 13–15bn if returns permit); near-term operational guidance sees 2026 portfolio purchases above 2025’s PLN 2.2bn (management’s 2026 range ~PLN 2.4–2.7bn), continued double‑digit EBITDA and cash EBITDA growth (~12% y/y), and maintained leverage around 2.6x net debt/ cash EBITDA. Key balance‑sheet and recovery metrics: portfolio on balance sheet PLN 11.6bn (up ~11–12%), ERC c. PLN 26bn with an operating plan ~PLN 8bn higher, record recoveries with PLN 225m above accounting forecast in 2025 and c. PLN 500m of positive revaluation recognized (including >PLN 120m in Poland Q4), target ROE ~20% achieved, and portfolio investment economics of ~3x money multiple / ~21% gross IRR in 2025. Other guidance items: digital transformation budget ~PLN 500m (c. PLN 70m spent to date, ~PLN 30m OpEx in 2025) with an MVP test in H2 2026 and full rollout by 2029; strategic reorganization toward a listed alternative investment structure by end‑2027; and market‑level notes (Poland market ~PLN 2.1bn with ~25% KRUK share, Romania market ~PLN 800m with ~70% share, Italy market ~PLN 2.3bn and ~PLN 300m EBITDA in 2025, Spain ~PLN 130m EBITDA and c. PLN 122m invested in 2025).KRUK SA Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
65
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.50B | 2.20B | 1.79B | 1.49B | 1.20B |
| Gross Profit | 2.27B | 1.17B | 952.37M | 852.37M | 763.68M |
| EBITDA | 1.74B | 1.00B | 1.03B | 901.84M | 831.49M |
| Net Income | 1.09B | 1.07B | 983.93M | 804.98M | 694.76M |
Balance Sheet | |||||
| Total Assets | 13.03B | 11.65B | 9.93B | 7.68B | 5.91B |
| Cash, Cash Equivalents and Short-Term Investments | 3.42B | 3.48B | 3.06B | 2.39B | 2.02B |
| Total Debt | 7.31B | 6.63B | 5.53B | 3.95B | 2.87B |
| Total Liabilities | 7.71B | 7.12B | 6.14B | 4.43B | 3.31B |
| Stockholders Equity | 5.33B | 4.53B | 3.79B | 3.25B | 2.60B |
Cash Flow | |||||
| Free Cash Flow | 1.07B | -542.32M | -827.87M | -602.03M | -304.87M |
| Operating Cash Flow | 1.16B | -499.13M | -785.25M | -567.77M | -288.80M |
| Investing Cash Flow | -195.67M | -36.41M | -23.33M | -32.27M | -13.61M |
| Financing Cash Flow | 210.59M | 361.87M | 994.88M | 603.04M | 356.02M |
KRUK SA Technical Analysis
Positive
503.20
Price Trends
465.31
Positive
473.85
Positive
457.70
Positive
Market Momentum
3.31
Negative
62.38
Neutral
90.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:KRU, the sentiment is Positive. The current price of 503.2 is above the 20-day moving average (MA) of 451.18, above the 50-day MA of 465.31, and above the 200-day MA of 457.70, indicating a bullish trend. The MACD of 3.31 indicates Negative momentum. The RSI at 62.38 is Neutral, neither overbought nor oversold. The STOCH value of 90.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:KRU.
KRUK SA Peers Comparison
UnderperformOutperform
Sector (68)
PL:KRU
KRUK SA
482.00
133.91
38.47%
PL:BNP
BNP Paribas Bank Polska Spolka Akcyjna
167.60
72.36
75.97%
PL:BHW
Bank Handlowy w Warszawie S.A.
119.20
24.69
26.13%
PL:XTB
XTB SA
104.18
34.27
49.01%
PL:ALR
Alior Bank SA
126.00
30.74
32.27%
PL:MIL
Bank Millennium SA
19.25
6.15
46.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.