QM · rank #19 · 2026-10-26
TOR
GPW · PLN · $393M (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +39.34% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +15.4% |
| Profit margin Net profit margin, trailing 12 months. | +4.0% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $393M |
| Anchor (recent) Close on 2026-09-25 | $69.60 |
| Anchor (far) Close on 2025-09-26 | $49.95 |
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
Torpol SA (TOR@GPW) is Poland's leading railway-modernization contractor executing a PLN 6.34 billion backlog of public-infrastructure projects, anchored by the PLN 2.96 billion Warszawa Wschodnia contract running to 2030.
Rationale
The quality_momentum signal is reinforced by 39% trailing momentum alongside genuine fundamental improvement — 1H26 EBITDA +16.4%, ROE at 15.4%, net cash of PLN 275.7 million, and a backlog doubling that provides multi-year revenue visibility underpinning both the quality and momentum legs.
Material risks
- 1Negative operating cash flow of PLN 193.6 million in 1H26 due to working-capital absorption on large contracts signals that reported earnings quality may be overstated relative to cash generation, and any delay or dispute on Warszawa Wschodnia could rapidly erode the net cash buffer.
- 2CPK's entry onto the supervisory board introduces governance and capital-allocation uncertainty tied to a single state-linked customer relationship, compounding the existing concentration risk on PKP PLK and EU-funded procurement cycles.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.