Cyfrowy Polsat S.A. (CPS.WA) Stock Analysis & Winston Score
Cyfrowy Polsat is Poland's largest private media and telecommunications company. It runs a major TV network with dozens of channels — including the flagship Polsat channel — and also provides mobile phone service, internet, and pay-TV packages to millions of households across Poland. The company owns the Polsat brand and the Plus mobile network, making it one of the few businesses in the country that bundles entertainment and connectivity under one roof. The company earns money through monthly subscriptions for TV and internet packages, mobile phone plans, and advertising sold on its TV channels. It operates almost entirely in Poland, serving roughly 3-4 million subscriber households and generating revenues in the billions of Polish zloty each year. Its bundled service model — where customers get TV, internet, and mobile from one provider — helps keep subscribers from switching to rivals. The main risk is heavy debt taken on during past acquisitions, which limits financial flexibility if the Polish economy slows or competition intensifies.
Winston Score: 31/100 — Below Average
Below-average fundamentals — multiple weak pillars.
- Quality: Mixed (9/30)
- Growth: Weak (4/20)
- Cash Flow: Weak (2/10)
- Stability: Mixed (3/10)
- Valuation: Data not available (0/10)
- Ownership: Good (10/15)


