Polski Koncern Naftowy ORLEN Spólka Akcyjna (PKN.WA) stock analysis

In our weekly check, Polski Koncern Naftowy ORLEN Spólka Akcyjna is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 8, red flags: 3.

About Polski Koncern Naftowy ORLEN Spólka Akcyjna

Polski Koncern Naftowy ORLEN Spólka Akcyjna is an Energy company (Oil & Gas Integrated), listed on WSE as PKN.WA.

What our checks show for PKN.WA

Red flags

• Analysts expect revenue to shrink about 2.6% a year.
• The stock has fallen as much as 72% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5.3 years.

Warning signs

• The net margin fell by 1.1 points over 5 years, to 7.4%: the company keeps less of each sale as profit.
• Analysts expect earnings per share to shrink about 5% a year.
• Revenue grew only 0.9% a year over the last 3 years.
• Earnings per share fell 19.1% a year over the last 3 years.
• Net profit fell 19.1% a year over the last 3 years.
• The net margin is only 7.4%: little room if costs rise.
• Free cash flow is only 4.7% of revenue.
• The dividend takes 77% of profit: little cushion if profit falls.

Strengths

• Net debt is only 0.4x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 17.9 times over.
• The gross margin is 21.4% and has risen by 5.8 points: pricing power is holding.
• Operating cash flow is 2.1x net profit: the profit arrives as real cash.
• The price is 8.6 times earnings (P/E), reasonable for its growth.
• A large company: market value $46.16 billion.

Next earnings report: 2026-11-05

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Questions

What grade does Polski Koncern Naftowy ORLEN Spólka Akcyjna (PKN.WA) have?

In our weekly check, Polski Koncern Naftowy ORLEN Spólka Akcyjna is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 8, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PKN.WA stock?

This week's biggest flags for Polski Koncern Naftowy ORLEN Spólka Akcyjna: Weak revenue forecast, Deep past fall, Slow recovery after falls. In total 11 of 25 checks show a warning or a red flag.

What does Polski Koncern Naftowy ORLEN Spólka Akcyjna do?

Polski Koncern Naftowy ORLEN Spólka Akcyjna is an Energy company (Oil & Gas Integrated), listed on WSE as PKN.WA.

When does Polski Koncern Naftowy ORLEN Spólka Akcyjna report earnings next?

The next earnings report is expected on 2026-11-05. 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 2026-10-24

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