WinstonWınston
Back
Tarczynski S.A. logo

Tarczynski S.A.

TAR.WA
53
Packaged Foods · Consumer Defensive
Price
122.00 PLN
+0.50 (+0.41%)
Market Cap
1.38B PLN
Exchange
Warsaw Stock Exchange
Winston Score
53
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Good
Stability
Mixed
Valuation
Good
Dividends
Strong

Winston Score History

The full picture

Tarczynski S.A. is a Polish food company that makes meat products, most famously its kabanos — thin, dried sausages that are one of the most recognized snack foods in Poland. The company sells a wide range of processed meats, including sausages, cold cuts, and dried meat snacks, to grocery retailers, supermarkets, and everyday consumers across Poland and beyond. Tarczynski is one of the largest meat snack producers in Poland and owns one of the country's most well-known food brands.

The company earns money by selling packaged meat products through retail stores, with Poland as its core market and growing exports into Western Europe. Its brand recognition and established distribution network give it a competitive edge over smaller local producers. However, Tarczynski faces real risks from volatile pork and beef input costs, which can squeeze its margins, as well as increasing competition from larger European food companies expanding into Central and Eastern European markets.

Growth Profile

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

Revenue Growth

+7.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+74.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

0 PLN/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (2%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

75.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

157M PLN cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Tarczynski S.A. has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 11.3M (2021) → 11.3M (2025)

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
27.8%
Modest — 27.8% gross margin
Profit after running costs
Operating Margin
8.2%
Modest — 8.2% operating margin
Return on the money invested
ROCE
10.7%
Below par — 10.7% 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
+7.8%
Steady sales growth (+7.8% YoY)
Profit growth
EPS YoY
+37.7%
Earnings growing fast (+37.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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
212%
Turns 212% of profit into real cash
Spare cash per sale
FCF Margin
-3.5%
Burning cash (-3.5%)

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
1.23
Elevated debt (1.23)
Covers its interest
Interest Cover
1.99x
Dangerous — barely covers interest (2.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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)
9.4x
Attractive valuation — P/E 9.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-71.7
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

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

Try free

Dividends

Dividend
Dividend Yield
2.70%
Moderate income — 2.70% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+136.6%
Dividend growing fast (136.6% YoY)

Full breakdown available with your free trial

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

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