PKP Cargo SA (PKP) AI Stock Analysis

• Market Cap: zł626.12M
• Dividend Yield: N/A
• Average Volume (3M): 67.73K
• Price to Earnings (P/E): 24.2
• Beta (1Y): 0.55
• Revenue Growth: -17.64%
• EPS Growth: -1571.24%
• Country: PL
• Employees: 16,623
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.17
• Shares Outstanding: 44,786,915
• 10 Day Avg. Volume: 70,534
• 30 Day Avg. Volume: 67,733
• PEG Ratio: <0.01
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.14
• P/FCF Ratio: 0.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2
• Revenue Forecast (FY): zł4.64B

• Rating: 44 Neutral
• Price Target: zł15.50 ▲(9.15% Upside)
• Action: N/A Date: 09/14/25
• Date: Action: N/A 09/14/25

PKP Cargo SA's overall stock score of 44 reflects significant financial challenges as the primary concern, with deep losses, declining revenue, and high debt levels posing risks to stability. Strong cash flow growth provides some optimism, but limited technical data and a negative P/E ratio add to the cautious outlook.

PKP Cargo SA Business Overview & Revenue Model

Company Description

Pkp Cargo S.A. engages in the transport of goods and the provision of logistics services in the field of rail freight in Poland and internationally. The company offers railway transportation services for coal, coke, aggregates, construction materials, timber and agricultural products, chemicals, liquid fuels, metals and ores, automotive products, and special freight. It also provides intermodal transportation services, such as transport of containers through various means of transport, including train, ship, and car; operates 25 handling terminals that offers handling, forwarding, storage, and packaging services; and provides railway, road, sea, and air forwarding services. In addition, it offers railway siding operation services, and diagnostics and maintenance of railway siding infrastructure; and maintains, upgrades, and repairs rolling stock items. Further, the company is involved in the transport of goods; trading of coal; physical liquidation of carriages and locomotives, and repair of electrical machines and wheelsets, as well as weighing and adjustment of rolling stock; collection, processing, and disposal of waste and recovery of raw materials; and cleaning of railway and car tanks. Additionally, it provides border and fleet management services; and engages in the civil engineering activities, including management and revitalization of post-industrial areas consisting of mining, demolition works, management of waste treatment facilities, liquidation workings, soil decontamination, etc. The company serves mining and metal processing, construction, chemicals, timber, food, and automotive industries. Pkp Cargo S.A. was founded in 2001 and is headquartered in Warsaw, Poland.

How the Company Makes Money

PKP Cargo generates revenue primarily through the transportation of freight by rail, which constitutes its main revenue stream. The company charges customers for the movement of goods over its extensive rail network, and it also offers additional logistics services that include cargo handling, storage, and intermodal transport solutions. Significant partnerships with various industrial players and logistics companies enhance its service offerings and customer base. Moreover, PKP Cargo may benefit from government contracts and subsidies aimed at promoting rail transport as a sustainable alternative to road transport, contributing further to its earnings.

PKP Cargo SA Financial Statement Overview

Summary

PKP Cargo SA's financial performance is weak, with severe losses reflected in a Net Profit Margin of -54.1% and declining revenue (-5.0% YoY). The balance sheet shows high leverage (Debt-to-Equity Ratio of 3.7) and eroded equity, posing risks. However, strong cash flow growth (322.9% in Free Cash Flow) offers some liquidity support.

Income Statement

The income statement reflects significant challenges for PKP Cargo SA. In the latest annual report (2024), the company reported a drastic decline in profitability with a Net Profit Margin of -54.1% and an EBIT Margin of -59.7%, indicating severe operational losses. Revenue also declined by 5.0% year-over-year, signaling a negative growth trajectory. While Gross Profit Margin remains positive at 9.9%, it is notably lower than prior years, highlighting shrinking profitability. These factors suggest underlying issues in cost management or market conditions.

Balance Sheet

The balance sheet shows a concerning financial structure for PKP Cargo SA. The Debt-to-Equity Ratio spiked to 3.7 in 2024 from 0.9 in 2023, indicating a heavy reliance on debt and heightened financial risk. Return on Equity is deeply negative at -323.3%, reflecting poor utilization of equity to generate returns due to substantial losses. While total assets remain significant, the sharp decline in Stockholders' Equity to 746.2M from 3.2B raises concerns about long-term stability.

Cash Flow

Cash flow performance offers a brighter spot for PKP Cargo SA. The company achieved a remarkable Free Cash Flow Growth of 322.9% in 2024, with Free Cash Flow reaching 1.03B, a significant turnaround from prior years' negative figures. Operating Cash Flow of 1.03B also supports operational sustainability. However, the Operating Cash Flow to Net Income Ratio could not be meaningfully assessed due to negative net income, and reliance on cash flow to offset income losses poses potential risks.

Breakdown	TTM	Mar 2025	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.85B	4.46B	5.49B	5.39B	4.27B	4.08B
Gross Profit	579.40M	441.00M	1.13B	799.80M	-231.40M	840.60M
EBITDA	-1.33B	-1.81B	1.06B	1.05B	484.20M	558.60M
Net Income	-1.63B	-2.41B	82.10M	148.00M	-225.30M	-224.30M
Balance Sheet
Total Assets	6.40B	6.44B	8.32B	7.66B	7.61B	7.56B
Cash, Cash Equivalents and Short-Term Investments	536.80M	559.70M	263.70M	181.50M	254.50M	306.00M
Total Debt	2.66B	2.76B	2.89B	2.37B	2.56B	2.58B
Total Liabilities	5.67B	5.69B	5.12B	4.43B	4.57B	4.42B
Stockholders Equity	725.70M	746.20M	3.20B	3.23B	3.04B	3.14B
Cash Flow
Free Cash Flow	395.80M	1.03B	-148.00M	161.50M	-108.70M	-165.90M
Operating Cash Flow	395.80M	1.03B	1.21B	1.02B	699.80M	553.10M
Investing Cash Flow	-163.50M	-420.70M	-987.10M	-772.90M	-645.60M	-655.10M
Financing Cash Flow	-165.10M	-281.50M	-133.40M	-319.50M	-106.40M	-145.90M

PKP Cargo SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:PKP, the sentiment is Positive. The current price of 14.2 is above the 20-day moving average (MA) of 13.76, above the 50-day MA of 13.67, and below the 200-day MA of 15.04, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 34.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:PKP.

PKP Cargo SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEA	72 Outperform	zł1.88B	5.90	16.15%	―	11.24%	83.75%
MNC	67 Neutral	zł2.02B	1.03	60.86%	2.31%	8.25%	13.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PXM	47 Neutral	zł1.95B	12.38	8.90%	―	23.59%	-29.92%
PKP	44 Neutral	zł626.12M	24.24	-226.12%	―	-17.64%	-1571.24%
MRB	―	zł1.24B	26.99	―	―	―	―