Inc. S.a.

INC.WA

Financial - Capital Markets · Financial Services

Exchange

Warsaw Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Weak

Stability

Strong

Valuation

Weak

Track this stock — start free trial

Winston Score History

The full picture

Inc. S.A. is a Polish financial services company listed on the Warsaw Stock Exchange. It operates in the capital markets space, offering services related to securities trading, brokerage, and investment products primarily to retail and institutional clients in Poland. The company works within the broader financial infrastructure that connects investors to markets.

Inc. S.A. generates revenue through fees and commissions tied to trading activity and financial transactions, giving it a model that depends on market volumes staying healthy. It operates mainly in Poland, and with a market capitalization near zero, it is a very small player in a competitive regional market. The company's gross margin of roughly 62% suggests decent pricing power on its core services, but a low return on invested capital of 1.2% points to challenges in converting that into meaningful profits — the key risk going forward is whether it can scale operations enough to improve overall profitability in a crowded Polish capital markets landscape.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.7% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-38.9% YoY

YoY Growth Rate

Earnings declining

Insider Activity

38.7%ownership

Insiders own a meaningful stake in the company

Cash Runway

~6 years

20M PLN cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

20M PLN cash & investments at current burn rate

Strong grower

Inc. S.a. is growing revenue at 33% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

65.3%

Premium pricing power — 65.3% gross margin

Profit after running costs

Operating Margin

62.4%

Excellent — 62.4% operating margin

Return on the money invested

ROCE

6.6%

Weak — 6.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+34.9%

Fast-growing sales (+34.9% YoY)

Profit growth

EPS YoY

-22.0%

Earnings shrinking (-22.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

-233%

Weak — only -233% of profit becomes cash

Spare cash per sale

FCF Margin

-18.2%

Burning cash (-18.2%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

4.27x

Adequate interest coverage (4.3x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

63.5x

no trend

Expensive — P/E 63.5

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial