Operating Margin

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Price: 690 PLN Market Closed

Market Cap: zł17.6B

7.3%

Improving

by 0.2%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

7.3%

Operating Income

zł661.8m

Revenue

zł9B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

7.3%

Operating Income

zł661.8m

Revenue

zł9B

Peer Comparison

Country		Company	Market Cap	Operating Margin
PL	B	Budimex SA WSE:BDX	17.6B PLN	Loading...
FR		Vinci SA PAR:DG	65.8B EUR	Loading...
US		Quanta Services Inc NYSE:PWR	69.5B USD	Loading...
IN		Larsen & Toubro Ltd NSE:LT	5.1T INR	Loading...
IN		Larsen and Toubro Ltd F:LTO	47B EUR	Loading...
NL		Ferrovial SE AEX:FER	40.9B EUR	Loading...
ES		Ferrovial SA MAD:FER	40.9B EUR	Loading...
US		Comfort Systems USA Inc NYSE:FIX	39.4B USD	Loading...
DE	H	Hochtief AG XETRA:HOT	27.4B EUR	Loading...
US		EMCOR Group Inc NYSE:EME	31B USD	Loading...
CN	C	China State Construction Engineering Corp Ltd SSE:601668	209.1B CNY	Loading...

Market Distribution

Min	-10 083 900%
30th Percentile	-1.5%
Median	5.4%
70th Percentile	11.7%
Max	195 905.3%

Other Profitability Ratios

Budimex SA
Glance View

Market Cap

17.6B PLN

Industry

Construction

Budimex SA stands as a cornerstone of Poland's construction industry, with its roots tracing back to 1968. Over the decades, it has evolved into a multifaceted conglomerate that's synonymous with infrastructural development in Poland and neighboring countries. The company's operations span an array of sectors, including civil engineering, real estate, and energy. This diversification allows Budimex to serve both public and private clients with a comprehensive suite of services ranging from road and bridge construction to residential and commercial building projects. The company's strategic focus is primarily on infrastructure projects funded by national and EU budgets, which often involve long-term planning and significant capital. Driven by innovation and a commitment to quality, Budimex's business model integrates the entire lifecycle of construction projects. They engage in initial design, project management, construction, and maintenance, which enables them to efficiently oversee projects from conception to completion. Revenue generation is predominantly contract-based, as Budimex secures large-scale projects through competitive bidding. Their reputation for reliability and excellence often bears fruit in the form of repeat business. By balancing robust project execution with strategic investments in sustainable building practices and technology, Budimex not only fortifies its market position but also aligns itself with the growing global emphasis on environmentally conscious development.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Budimex SA
WSE:BDX

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Market Distribution

Other Profitability Ratios

Budimex SA
Glance View

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Budimex SA WSE:BDX