B

Budimex SA
WSE:BDX

Watchlist Manager
Budimex SA
WSE:BDX
Watchlist
Price: 608 PLN -0.75% Market Closed
Market Cap: 15.5B PLN
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+3%
5Y
+16%
10Y
+81%
Operating Income
+
3Y
+15%
5Y
+89%
10Y
+145%
Net Income
+
3Y
+20%
5Y
+146%
10Y
+179%

Earnings Waterfall
Budimex SA

Revenue
9B PLN
Cost of Revenue
-7.8B PLN
Gross Profit
1.2B PLN
Operating Expenses
-506.5m PLN
Operating Income
661.8m PLN
Other Expenses
-52m PLN
Net Income
609.9m PLN

Income Statement
Budimex SA

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Income Statement
Currency: PLN
Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
5
0
0
0
4
0
0
0
4
0
0
0
9
2
5
0
9
0
0
0
19
0
0
0
10
0
0
0
12
0
0
0
5
0
0
0
7
0
0
1
6
4
6
6
6
5
5
4
4
4
4
4
4
4
4
5
3
4
5
5
5
6
7
9
11
9
9
8
9
7
8
7
6
7
6
8
10
9
10
13
12
14
14
11
15
12
0
0
Revenue
2 147
N/A
2 057
-4%
1 958
-5%
1 936
-1%
2 156
+11%
2 245
+4%
2 430
+8%
2 631
+8%
2 703
+3%
2 781
+3%
2 885
+4%
2 916
+1%
3 043
+4%
3 216
+6%
3 229
+0%
3 233
+0%
3 076
-5%
3 074
0%
3 128
+2%
3 206
+2%
3 350
+4%
3 303
-1%
3 305
+0%
3 264
-1%
3 290
+1%
3 186
-3%
3 497
+10%
4 009
+15%
4 430
+11%
4 651
+5%
4 956
+7%
5 092
+3%
5 517
+8%
5 802
+5%
6 151
+6%
6 274
+2%
6 078
-3%
5 847
-4%
5 282
-10%
4 952
-6%
4 750
-4%
4 730
0%
4 815
+2%
5 007
+4%
4 950
-1%
4 962
+0%
5 065
+2%
4 980
-2%
5 134
+3%
5 275
+3%
5 296
+0%
5 510
+4%
5 572
+1%
5 637
+1%
5 864
+4%
6 007
+2%
6 369
+6%
6 655
+4%
6 950
+4%
7 206
+4%
7 387
+3%
7 429
+1%
7 333
-1%
7 380
+1%
7 570
+3%
7 659
+1%
7 781
+2%
7 804
+0%
7 709
-1%
7 484
-3%
7 490
+0%
7 626
+2%
7 911
+4%
8 265
+4%
8 668
+5%
8 746
+1%
8 619
-1%
8 959
+4%
8 939
0%
9 245
+3%
9 802
+6%
9 507
-3%
9 524
+0%
9 318
-2%
9 118
-2%
9 115
0%
9 025
-1%
9 016
0%
Gross Profit
Cost of Revenue
(1 973)
(1 896)
(1 828)
(1 816)
(2 152)
(2 237)
(2 412)
(2 616)
(2 597)
(2 655)
(2 760)
(2 798)
(2 918)
(3 104)
(3 133)
(3 088)
(2 928)
(2 922)
(2 936)
(2 964)
(2 962)
(2 805)
(2 718)
(2 769)
(2 877)
(2 836)
(3 167)
(3 555)
(3 946)
(4 158)
(4 477)
(4 653)
(5 055)
(5 362)
(5 670)
(5 843)
(5 618)
(5 382)
(4 869)
(4 504)
(4 354)
(4 310)
(4 392)
(4 584)
(4 517)
(4 557)
(4 628)
(4 501)
(4 641)
(4 748)
(4 717)
(4 881)
(4 821)
(4 838)
(5 061)
(5 169)
(5 559)
(5 868)
(6 206)
(6 532)
(6 758)
(6 834)
(6 781)
(6 843)
(7 018)
(7 104)
(7 186)
(7 154)
(7 007)
(6 795)
(6 666)
(6 787)
(7 077)
(7 396)
(7 814)
(7 849)
(7 747)
(8 045)
(8 061)
(8 303)
(8 677)
(8 360)
(8 322)
(8 131)
(7 956)
(7 956)
(7 856)
(7 848)
Gross Profit
174
N/A
161
-7%
130
-20%
120
-8%
4
-97%
8
+93%
18
+125%
15
-15%
106
+601%
126
+19%
125
-1%
118
-6%
125
+6%
112
-10%
95
-15%
145
+52%
148
+2%
152
+3%
192
+26%
243
+26%
388
+60%
499
+29%
587
+18%
495
-16%
413
-17%
350
-15%
330
-6%
454
+38%
484
+7%
493
+2%
479
-3%
439
-8%
462
+5%
440
-5%
482
+9%
431
-11%
460
+7%
466
+1%
412
-11%
448
+9%
395
-12%
420
+6%
423
+1%
423
0%
433
+2%
405
-6%
437
+8%
479
+10%
493
+3%
527
+7%
579
+10%
629
+9%
751
+19%
799
+6%
803
+0%
838
+4%
810
-3%
787
-3%
744
-5%
674
-9%
629
-7%
595
-5%
552
-7%
537
-3%
552
+3%
556
+1%
595
+7%
649
+9%
702
+8%
689
-2%
824
+20%
839
+2%
834
-1%
869
+4%
854
-2%
897
+5%
872
-3%
915
+5%
878
-4%
942
+7%
1 125
+19%
1 147
+2%
1 202
+5%
1 187
-1%
1 162
-2%
1 159
0%
1 169
+1%
1 168
0%
Operating Income
Operating Expenses
(147)
(88)
(80)
(139)
(111)
(131)
(138)
(128)
(156)
(159)
(134)
(146)
(138)
(131)
(149)
(179)
(165)
(166)
(171)
(182)
(191)
(199)
(283)
(212)
(219)
(210)
(105)
(154)
(166)
(162)
(170)
(120)
(136)
(322)
(429)
(435)
(179)
(283)
(202)
(233)
(261)
(77)
(72)
(57)
(185)
(164)
(171)
(209)
(217)
(226)
(246)
(238)
(243)
(257)
(241)
(233)
(243)
(241)
(252)
(259)
(256)
(241)
(232)
(197)
(226)
(243)
(278)
(299)
(272)
(247)
(216)
(247)
(263)
(303)
(328)
(323)
(344)
(351)
(347)
(367)
(399)
(404)
(428)
(445)
(504)
(497)
(502)
(506)
Selling, General & Administrative
(143)
(138)
(134)
(135)
(135)
(136)
(136)
(135)
(135)
(137)
(131)
(135)
(136)
(136)
(134)
(141)
(141)
(143)
(155)
(148)
(158)
(166)
(166)
(167)
(152)
(148)
(145)
(142)
(144)
(151)
(159)
(167)
(160)
(175)
(191)
(198)
(217)
(213)
(200)
(200)
(187)
(194)
(200)
(201)
(197)
(211)
(212)
(212)
(208)
(232)
(239)
(247)
(239)
(250)
(245)
(247)
(249)
(249)
(262)
(266)
(278)
(275)
(265)
(230)
(226)
(247)
(255)
(285)
(259)
(251)
(245)
(270)
(257)
(284)
(311)
(311)
(331)
(357)
(358)
(372)
(388)
(407)
(429)
(447)
(463)
(494)
(499)
(503)
Depreciation & Amortization
(1)
0
0
0
(4)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
0
0
0
(3)
0
0
0
0
0
0
0
0
0
0
0
(8)
0
0
0
(12)
0
0
0
(15)
0
0
0
(16)
0
0
0
(17)
0
0
0
(16)
0
0
0
Other Operating Expenses
(4)
50
55
(5)
28
6
(1)
7
(21)
(22)
(4)
(11)
(2)
5
(15)
(37)
(24)
(23)
(16)
(34)
(33)
(33)
(117)
(45)
(67)
(63)
40
(11)
(20)
(13)
(11)
47
27
(147)
(238)
(237)
38
(71)
(2)
(33)
(74)
117
127
144
12
47
41
3
(6)
6
(8)
8
(1)
(7)
4
14
7
8
9
6
22
34
33
33
7
3
(24)
(15)
(1)
4
29
22
9
(18)
(16)
(12)
3
6
10
5
6
3
1
2
(25)
(2)
(3)
(4)
Operating Income
27
N/A
73
+174%
50
-32%
(19)
N/A
(107)
-453%
(123)
-15%
(120)
+3%
(112)
+6%
(50)
+55%
(33)
+35%
(10)
+70%
(29)
-194%
(13)
+54%
(20)
-50%
(53)
-170%
(34)
+37%
(17)
+51%
(14)
+15%
21
N/A
61
+194%
197
+225%
300
+52%
304
+1%
283
-7%
194
-31%
140
-28%
225
+61%
300
+33%
318
+6%
331
+4%
309
-7%
320
+4%
325
+2%
118
-64%
53
-55%
(4)
N/A
281
N/A
182
-35%
210
+15%
215
+3%
135
-38%
343
+155%
351
+2%
366
+4%
247
-32%
242
-2%
266
+10%
270
+1%
276
+2%
301
+9%
333
+10%
391
+18%
508
+30%
543
+7%
562
+4%
605
+8%
567
-6%
546
-4%
492
-10%
414
-16%
374
-10%
354
-5%
320
-10%
340
+6%
325
-4%
312
-4%
317
+1%
350
+10%
430
+23%
442
+3%
608
+38%
592
-3%
571
-4%
567
-1%
527
-7%
573
+9%
528
-8%
563
+7%
530
-6%
575
+8%
726
+26%
742
+2%
774
+4%
742
-4%
658
-11%
663
+1%
667
+1%
662
-1%
Pre-Tax Income
Interest Income Expense
9
0
(1)
40
80
136
137
123
70
36
23
8
37
32
65
51
55
59
58
45
(50)
(165)
(158)
(117)
31
83
41
14
32
(13)
2
(13)
35
(1)
(17)
(7)
68
(22)
(10)
(1)
17
13
23
21
(8)
(8)
(6)
(5)
30
31
30
32
36
26
26
25
23
21
19
20
12
10
12
7
4
14
8
2
(1)
(3)
(2)
(2)
(6)
8
37
67
109
167
217
208
231
230
185
200
174
160
147
136
Non-Reccuring Items
44
0
0
0
(19)
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
4
0
0
0
10
8
10
0
7
0
0
0
5
0
0
0
(112)
0
0
0
200
0
0
0
(0)
0
0
0
14
7
11
11
(5)
9
11
16
17
15
18
58
43
29
37
(12)
(7)
(4)
(11)
(4)
16
27
12
21
21
20
26
23
31
30
29
21
(0)
1
9
19
50
35
40
51
Total Other Income
(3)
16
38
5
48
(2)
(16)
(22)
(13)
5
(2)
38
(11)
(0)
(9)
(9)
(28)
(13)
(2)
0
(12)
21
21
28
(11)
8
3
(1)
(25)
5
13
10
(40)
15
16
46
(34)
37
32
(4)
(20)
(13)
(19)
(25)
3
2
7
9
(23)
(24)
(29)
(28)
(27)
(26)
(27)
(27)
(27)
(28)
(29)
(28)
(26)
(25)
(21)
(22)
10
1
2
1
(17)
(20)
(23)
(24)
(32)
(32)
(33)
(32)
(19)
(31)
(33)
(29)
(26)
(32)
(30)
(35)
(42)
(41)
(44)
(44)
Pre-Tax Income
76
N/A
90
+18%
87
-3%
25
-71%
2
-93%
12
+594%
1
-91%
(11)
N/A
7
N/A
8
+15%
12
+40%
17
+47%
12
-29%
12
-3%
3
-75%
8
+190%
14
+62%
33
+139%
76
+135%
106
+39%
140
+31%
157
+12%
167
+7%
194
+16%
224
+16%
239
+7%
279
+17%
314
+13%
332
+6%
324
-2%
324
0%
317
-2%
327
+3%
132
-59%
52
-61%
35
-32%
203
+472%
197
-3%
231
+17%
210
-9%
331
+58%
343
+3%
354
+3%
362
+2%
243
-33%
236
-3%
267
+13%
274
+2%
297
+8%
315
+6%
345
+10%
407
+18%
511
+26%
552
+8%
572
+4%
618
+8%
580
-6%
554
-4%
500
-10%
464
-7%
403
-13%
368
-9%
348
-5%
313
-10%
332
+6%
323
-3%
316
-2%
349
+11%
427
+22%
446
+4%
596
+34%
587
-2%
554
-5%
562
+1%
557
-1%
632
+13%
649
+3%
729
+12%
744
+2%
775
+4%
930
+20%
942
+1%
939
0%
927
-1%
840
-9%
816
-3%
810
-1%
805
-1%
Net Income
Tax Provision
(31)
(32)
(30)
(19)
(0)
1
1
7
(6)
(6)
(7)
(14)
(8)
(10)
(6)
(11)
1
(1)
(13)
(15)
(35)
(39)
(42)
(44)
(51)
(52)
(54)
(63)
(64)
(63)
(63)
(63)
(66)
(66)
(74)
(77)
(17)
(14)
1
11
(30)
(33)
(33)
(36)
(49)
(48)
(54)
(54)
(60)
(64)
(69)
(81)
(101)
(108)
(113)
(122)
(116)
(112)
(102)
(106)
(98)
(97)
(98)
(99)
(104)
(93)
(94)
(92)
(113)
(116)
(138)
(127)
(89)
(83)
(91)
(110)
(101)
(131)
(123)
(135)
(184)
(184)
(193)
(189)
(216)
(203)
(198)
(191)
Income from Continuing Operations
45
58
57
7
1
13
2
(4)
1
2
5
4
4
2
(4)
(3)
14
32
63
91
105
118
125
150
174
187
225
251
267
261
261
254
261
66
(22)
(42)
186
184
232
221
301
310
321
326
194
189
214
220
237
251
276
326
410
444
459
496
465
443
398
358
305
271
250
214
229
230
221
257
314
330
457
460
466
479
466
521
548
599
620
639
746
758
746
738
624
612
612
613
Income to Minority Interest
1
(0)
(1)
(1)
(1)
(1)
0
0
1
1
0
0
(0)
0
1
1
1
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(0)
0
0
(0)
(0)
(0)
(0)
(2)
(3)
(4)
(6)
(9)
(12)
(14)
(16)
(15)
(15)
(14)
(15)
(13)
(14)
(14)
(12)
(13)
(8)
(7)
(6)
(3)
(8)
(1)
(2)
(3)
Net Income (Common)
46
N/A
58
+27%
56
-3%
6
-89%
1
-87%
12
+1 438%
2
-81%
(4)
N/A
2
N/A
3
+40%
5
+64%
4
-24%
4
+11%
2
-54%
(3)
N/A
(2)
+37%
15
N/A
32
+115%
64
+96%
91
+43%
105
+15%
118
+12%
125
+6%
150
+20%
174
+16%
187
+8%
225
+20%
251
+12%
267
+6%
261
-2%
261
0%
254
-3%
261
+3%
66
-75%
(22)
N/A
(42)
-88%
186
N/A
184
-1%
232
+26%
220
-5%
301
+36%
308
+3%
320
+4%
324
+1%
192
-41%
187
-3%
212
+13%
218
+3%
236
+8%
250
+6%
275
+10%
326
+18%
410
+26%
444
+8%
459
+3%
496
+8%
464
-6%
443
-5%
398
-10%
358
-10%
305
-15%
271
-11%
249
-8%
212
-15%
226
+7%
226
0%
215
-5%
248
+16%
459
+85%
401
-13%
1 022
+155%
1 025
+0%
972
-5%
960
-1%
452
-53%
508
+12%
534
+5%
584
+9%
608
+4%
626
+3%
738
+18%
751
+2%
740
-1%
735
-1%
616
-16%
611
-1%
610
0%
610
+0%
EPS (Diluted)
1.79
N/A
2.27
+27%
2.21
-3%
0.24
-89%
0.03
-88%
0.49
+1 533%
0.1
-80%
-0.14
N/A
0.08
N/A
0.11
+38%
0.18
+64%
0.14
-22%
0.15
+7%
0.07
-53%
-0.12
N/A
-0.08
+33%
0.59
N/A
1.26
+114%
2.48
+97%
3.56
+44%
4.1
+15%
4.61
+12%
4.89
+6%
5.88
+20%
6.8
+16%
7.31
+8%
8.8
+20%
9.84
+12%
10.47
+6%
10.21
-2%
10.22
+0%
9.96
-3%
10.22
+3%
2.58
-75%
-0.87
N/A
-1.63
-87%
7.28
N/A
7.2
-1%
9.08
+26%
8.63
-5%
11.77
+36%
12.09
+3%
12.53
+4%
12.72
+2%
7.52
-41%
7.31
-3%
8.29
+13%
8.55
+3%
9.24
+8%
9.8
+6%
10.79
+10%
12.76
+18%
16.05
+26%
17.39
+8%
17.98
+3%
19.43
+8%
18.19
-6%
17.34
-5%
15.59
-10%
14.03
-10%
11.96
-15%
10.61
-11%
9.77
-8%
8.3
-15%
8.85
+7%
8.84
0%
8.41
-5%
9.73
+16%
17.99
+85%
15.7
-13%
40.03
+155%
40.13
+0%
38.05
-5%
37.62
-1%
17.69
-53%
19.89
+12%
20.93
+5%
22.89
+9%
23.81
+4%
24.53
+3%
28.91
+18%
29.42
+2%
29
-1%
28.78
-1%
24.13
-16%
23.94
-1%
23.88
0%
23.89
+0%

See Also

Summary
BDX intrinsic value, competitors valuation, and company profile.
DCF Valuation
BDX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BDX stock valuation using valuation multiples.
Wall Street Estimates
BDX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BDX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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