QM · rank #18 · 2026-09-11
BDX
GPW · PLN · $4.95B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +38.35% |
|---|---|
| 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). | $4.95B |
| Anchor (recent) Close on 2026-08-12 | $751.40 |
| Anchor (far) Close on 2025-08-12 | $543.13 |
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 S.A. (BDX@GPW) is Poland's leading listed infrastructure and construction group, executing large-scale road, rail, and public works contracts with a PLN 18.8 billion order backlog extending visibility into 2027–2028.
Rationale
The quality_momentum signal is reinforced by an exceptional ROE of 85%, a PLN 17.9–18.8 billion backlog anchoring near-term revenue, 38% trailing momentum, and demonstrated cash generation sufficient to fund a PLN 828 million dividend in June 2026.
Material risks
- 1Fixed-price, long-duration contracts — including the concentrated Rail Baltica mega-contract (~PLN 4.9 billion in leading bids) — expose margins to input-cost inflation and execution overruns that could rapidly compress the thin 7.5% profit margin without warning.
- 2Revenue growth is structurally dependent on Polish government and EU infrastructure budget cycles; any slowdown in tender approvals or EU cohesion fund disbursements would directly shrink the backlog replenishment pipeline and pressure the momentum leg of the thesis.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.