QM · rank #2 · 2026-09-07
KGH
GPW · PLN · $18.96B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +160.96% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +24.1% |
| Profit margin Net profit margin, trailing 12 months. | +20.0% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $18.96B |
| Anchor (recent) Close on 2026-08-07 | $352.95 |
| Anchor (far) Close on 2025-08-08 | $135.25 |
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
KGHM Polska Miedź is an integrated Polish copper and silver mining-and-smelting group with core domestic assets supplemented by international operations in Chile and the US, producing roughly 175kt of payable copper per quarter.
Rationale
The quality_momentum signal is reinforced by hard data: H1 2026 net profit of PLN 5.6bn (+~860% y/y), ROE of 24%, 29% EBITDA margins, and a 12-month price return well above peers confirm both the quality and momentum legs of the screen are grounded in genuine earnings acceleration rather than sentiment alone.
Material risks
- 1The entire earnings re-rating is commodity-price-driven with no long-term contracted revenue visibility — a reversal in copper or silver prices would rapidly collapse the 29% EBITDA margin and unwind the momentum signal that triggered the screen.
- 2Capital intensity remains structurally high (PLN 4.1bn capex budget for KGHM Polska Miedź alone in 2026), and the new 2055 strategy targeting 730kt annual output locks in long-lived underground commitments that constrain financial flexibility in a downcycle.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.