Kci S.a.

KCI.WA

Industrial - Machinery · Industrials

Price

0.90 PLN

-0.02 (-2.18%)

Market Cap

61.4M PLN

Exchange

Warsaw Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

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

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+5.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 65.0M (2021) → 68.6M (2025)

Winston Score History

The full picture

KCI Spolka Akcyjna is a Polish real estate development company based in Poland. It focuses on developing and selling residential and commercial properties, primarily targeting individual homebuyers and business tenants in the Polish market. The company operates in Poland's broader real estate sector, which has seen significant shifts due to rising interest rates and changing demand patterns.

KCI generates revenue mainly through property sales and, to a lesser extent, rental income from its portfolio. It is a small-cap company with a market capitalization of around $0.1 billion, operating almost entirely within Poland. The company's current financials show negative gross and operating margins, which signals it is spending more than it earns from its core operations right now. The main risk facing KCI is its weak profitability — negative margins and a negative return on invested capital suggest the business is struggling to generate value, and it will need to improve project execution and cost control to return to financial health.

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

+202.6% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-17.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

0 PLN/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

8.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

319M PLN cash & investments at current burn rate

Strong grower

Kci S.a. is growing revenue at 203% 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

-109.2%

Thin — -109.2% gross margin

Profit after running costs

Operating Margin

-127.7%

Losing money on operations — -127.7%

Return on the money invested

ROCE

-1.5%

Weak — -1.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+452.6%

Fast-growing sales (+452.6% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

0.3%

Thin free cash flow (0.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.11

Conservative — low debt load (0.11)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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