QM · rank #20 · 2026-10-20
MBR
GPW · PLN · $393M (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +38.75% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +14.4% |
| Profit margin Net profit margin, trailing 12 months. | +8.3% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $393M |
| Anchor (recent) Close on 2026-09-18 | $401.00 |
| Anchor (far) Close on 2025-09-19 | $289.00 |
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
Mo-Bruk (MBR) is a Polish hazardous-waste processor specializing in solidification/stabilization, RDF production, incineration, and oil-water treatment, operating a proprietary technology for converting hazardous waste into synthetic aggregate that management describes as unique in Central and Eastern Europe.
Rationale
The 38.8% trailing momentum is grounded in fundamental acceleration — H1 2026 revenue +42.8% YoY with 44.4% core EBITDA margins and a PLN 189M remediation backlog — making the price move a reflection of genuine earnings power rather than pure sentiment rotation.
Material risks
- 1Debt has roughly doubled YoY to PLN 88.1M while the company pursues simultaneous M&A and capex expansion, creating capital-allocation and integration risk that could compress the ROE (14.4%) and margins underpinning the quality signal if deals disappoint or the Jedlicze permit remains blocked.
- 2Remediation revenue is tender-dependent, not recurring sole-source — the Wołomin bid deadline (Nov 6, 2026) and Q3 results (Nov 19, 2026) are imminent binary events that could either validate or sharply reset the PLN 105M/PLN 47M consensus expectations.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.