Research Report - A Quality Polish Microcap

Trading at PE 6 with high returns on capital

In an on-going effort to provide more investment ideas to our wonderful subscribers we want to a highlight a company we recently came across that seems far too cheap for its quality and growth potential.

The company is listed on the Warsaw Stock Exchange.

We have been impressed by the amount of well-managed public businesses there are in Poland.

Poland currently has one of the cheapest public markets in the world and with inflation increasing at a slower rate the valuations are looking even more enticing.

The stock we’re highlighting has the following characteristics…

• P/E 6

• ROCE of 29%

• High insider ownership

• Lots of growth potential

• Very illiquid

• No analyst coverage

• +80% upside in the near term with multi-bagger potential over the longer term.

Let’s dive in…