PGE Polska Grupa Energetyczna S.A. (PGE.WA) stock analysis

In our weekly check, PGE Polska Grupa Energetyczna S.A. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 5.

About PGE Polska Grupa Energetyczna S.A.

PGE Polska Grupa Energetyczna S.A. is an Utilities company (Regulated Electric), listed on WSE as PGE.WA.

What our checks show for PGE.WA

Red flags

• Analysts expect the net margin to shrink by 4.7 points from today's 12.1%.
• Revenue fell 4.9% a year over the last 3 years.
• Free cash flow is negative (-2.7% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 89% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 11.1% a year.
• The price swings a lot: 43.5% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 8.6%.

Strengths

• Net debt is only 0.1x a year of EBITDA: the balance sheet has room.
• The net margin rose by 4.6 points over 5 years, to 12.1%.
• The gross margin is 17.4% and has risen by 10.6 points: pricing power is holding.
• Operating cash flow is 1.29x net profit: the profit arrives as real cash.
• Earnings per share grew 29.8% a year over the last 3 years.
• Net profit grew 32% a year over the last 3 years.

Next earnings report: 2026-11-24

Similar companies

PEG · WEC · PCG · PPLC · H.TO · EQTL3.SA

Questions

What grade does PGE Polska Grupa Energetyczna S.A. (PGE.WA) have?

In our weekly check, PGE Polska Grupa Energetyczna S.A. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PGE.WA stock?

This week's biggest flags for PGE Polska Grupa Energetyczna S.A.: Margins expected to shrink, Weak revenue growth, Weak free cash flow. In total 9 of 24 checks show a warning or a red flag.

What does PGE Polska Grupa Energetyczna S.A. do?

PGE Polska Grupa Energetyczna S.A. is an Utilities company (Regulated Electric), listed on WSE as PGE.WA.

When does PGE Polska Grupa Energetyczna S.A. report earnings next?

The next earnings report is expected on 2026-11-24. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis