QM · rank #20 · 2026-09-04
BDX
GPW · PLN · $4.73B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +45.43% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +85.4% |
| Profit margin Net profit margin, trailing 12 months. | +7.5% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $4.73B |
| Anchor (recent) Close on 2026-08-05 | $740.00 |
| Anchor (far) Close on 2025-08-05 | $508.84 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Budimex (BDX) is Poland's largest general contractor, generating ~PLN 8.5bn in annual revenue from a diversified infrastructure and construction portfolio anchored by a PLN 17.9bn order backlog spanning roads, rail, airports, and now the CPK hub and Poland's first nuclear plant.
Rationale
The quality_momentum signal is well-supported: 45% trailing momentum reflects genuine contract wins and earnings delivery rather than sentiment rotation, while an 85% ROE and a PLN 17.9bn backlog confirm the high-quality, capital-light cash generation that underpins the screen.
Material risks
- 1Political/permitting risk on CPK and the nuclear plant — both are flagship state-driven megaprojects where a government priority shift or financing delay could materially impair backlog quality and the forward revenue visibility that justifies the premium multiple.
- 2Cash buffer has compressed sharply (PLN 1.5bn at June 2026 vs. PLN 2.9bn at year-end 2025) after PLN 828mn in dividends, leaving less financial flexibility if backlog conversion slows or input cost pressures re-emerge as they did in Q1 2026.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 2 of 3 voted to proceed.