Prochem S.A.

PRM.WA

Engineering & Construction · Industrials

Price

21.50 PLN

+0.50 (+2.38%)

Market Cap

43.1M PLN

Exchange

Warsaw Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

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

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count falling — buybacks

−14.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.4M (2021) → 2.0M (2025)

Winston Score History

The full picture

Prochem S.A. is a Polish engineering and construction company that designs and builds industrial facilities. It focuses on process engineering projects, including chemical plants, refineries, and industrial infrastructure. The company serves industrial clients in Poland and the broader Central European region.

Prochem earns money by winning contracts to design and construct large industrial projects, meaning revenue depends heavily on securing new deals and completing them on budget. The company is relatively small, listed on the Warsaw Stock Exchange, and operates in a competitive market where it competes against larger European engineering firms. Its current financials show negative operating and return margins, which points to the main risk the business faces: thin margins in contract engineering leave little room for cost overruns or project delays, and winning enough profitable contracts to return to profitability is the central challenge ahead.

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

+71.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+71.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

0 PLN/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

38.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

18M PLN cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Prochem S.A. grew revenue 71% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

12.7%

Thin — 12.7% gross margin

Profit after running costs

Operating Margin

-0.2%

Losing money on operations — -0.2%

Return on the money invested

ROCE

-21.5%

Weak — -21.5% 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

+28.5%

Fast-growing sales (+28.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

3.6%

Thin free cash flow (3.6%)

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

0.25

Conservative — low debt load (0.25)

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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