QM · rank #7 · 2026-10-23
GPW
GPW · PLN · $1.15B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +73.38% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +20.1% |
| Profit margin Net profit margin, trailing 12 months. | +35.9% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $1.15B |
| Anchor (recent) Close on 2026-09-23 | $99.00 |
| Anchor (far) Close on 2025-09-23 | $57.10 |
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
GPW operates Poland's primary regulated exchange infrastructure spanning equities, bonds, derivatives, commodities (TGE), and market data, functioning as the sole domestic venue for most Polish listed-market activity.
Rationale
Record H1 2026 results (revenue +17.3%, net profit +18.2%), a 60% YoY September turnover surge, and ROE of ~20% with 36% profit margins confirm that the momentum signal is grounded in genuine earnings acceleration, not mere sentiment rotation.
Material risks
- 1Equity-turnover dependence is the core thesis-breaker — GPW's financial-market revenue is highly correlated with trading velocity and retail/foreign participation, meaning any reversal in Polish market sentiment or capital flows directly compresses the earnings that justify the quality-momentum screen.
- 2TGE commodity revenue already declined 7% YoY in Q2 2026 due to weaker gas and energy-forward liquidity, and the proprietary WATS migration introduces ongoing operational-resilience and cybersecurity tail risk that could disrupt the exchange's sole-venue status.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.