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Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
WSE:KGN

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Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
WSE:KGN
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Price: 76.3 PLN -0.65% Market Closed
Market Cap: zł1.1B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
+72%
5Y
+244%
10Y
+105%
Investing Cash Flow
+
3Y
-56%
5Y
-151%
10Y
-39%
Financing Cash Flow
+
3Y
-109%
5Y
-1 299%
10Y
-

Cash Flow Statement
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA

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Cash Flow Statement
Currency: PLN
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 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
Operating Cash Flow
Net Income
21
37
56
47
51
37
26
36
42
44
51
53
68
66
68
60
79
109
131
135
167
155
143
147
139
134
123
114
122
119
113
109
94
71
136
151
80
60
19
17
50
86
88
91
127
152
146
133
186
210
183
210
165
175
77
49
15
(31)
59
72
106
183
210
198
158
80
93
105
73
80
83
190
361
380
369
322
225
245
242
251
238
230
223
Depreciation & Amortization
66
77
89
95
93
100
98
97
104
95
102
93
89
91
93
94
96
95
95
90
83
80
78
82
88
90
91
93
95
97
98
99
101
102
108
111
115
118
118
120
121
123
126
131
135
137
139
142
146
150
146
145
143
141
145
144
144
146
142
143
143
144
154
159
162
166
167
168
186
191
211
203
209
262
210
210
215
215
221
228
224
228
232
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
3
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Non-Cash Items
22
17
29
31
29
46
49
45
35
34
22
20
29
37
36
38
42
54
48
39
52
43
57
55
47
43
39
45
42
41
48
44
52
40
45
48
23
12
(17)
(17)
16
35
55
50
29
22
41
43
18
(37)
(19)
12
0
45
(3)
(30)
(3)
(5)
(2)
(5)
(5)
5
5
9
12
2
(1)
(3)
(1)
3
(16)
(30)
(39)
(48)
(36)
(32)
(31)
(35)
(36)
(46)
(43)
(37)
(34)
Cash Taxes Paid
0
5
8
6
7
17
11
14
7
15
11
11
12
4
13
13
13
8
9
10
11
25
25
26
27
25
29
31
36
30
21
21
16
23
24
14
28
19
19
24
10
13
23
28
30
29
26
23
20
40
42
46
50
30
40
33
35
39
26
30
29
24
23
26
27
25
38
36
35
37
33
37
35
87
75
71
80
77
92
108
112
31
15
Cash Interest Paid
22
26
40
40
35
32
29
30
24
17
18
14
23
29
29
31
27
27
25
22
22
21
22
22
23
21
21
21
21
18
18
17
16
16
13
10
7
5
5
4
3
3
2
1
1
0
1
2
3
3
2
2
2
2
2
2
1
1
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
3
4
Change in Working Capital
(16)
(13)
(1)
1
(17)
(16)
6
3
(5)
(7)
(11)
(17)
(6)
(28)
(42)
(53)
(64)
(14)
10
21
(46)
(20)
7
6
8
35
(36)
(50)
(55)
(51)
(34)
1
(19)
(3)
(65)
4
172
88
159
22
(71)
(71)
(48)
43
49
53
45
83
79
101
46
(21)
23
(41)
63
(10)
35
70
75
123
60
153
(265)
(178)
(177)
(379)
(22)
(67)
23
55
97
63
236
209
88
112
(258)
327
389
417
694
320
225
Cash from Operating Activities
93
N/A
117
+26%
173
+48%
173
+0%
156
-10%
167
+7%
179
+7%
181
+1%
176
-3%
176
N/A
163
-8%
158
-3%
180
+14%
163
-9%
152
-7%
136
-10%
153
+13%
244
+60%
284
+16%
285
+0%
257
-10%
258
+1%
285
+10%
289
+1%
282
-3%
302
+7%
217
-28%
202
-7%
205
+1%
206
+1%
226
+9%
252
+12%
228
-10%
210
-8%
224
+7%
313
+40%
390
+25%
277
-29%
278
+0%
142
-49%
115
-19%
174
+51%
221
+27%
316
+43%
340
+8%
364
+7%
372
+2%
401
+8%
429
+7%
424
-1%
356
-16%
346
-3%
331
-4%
320
-3%
282
-12%
154
-45%
191
+24%
180
-6%
275
+53%
333
+21%
304
-9%
486
+60%
104
-79%
188
+82%
154
-18%
(131)
N/A
237
N/A
204
-14%
280
+38%
329
+17%
375
+14%
426
+13%
767
+80%
803
+5%
631
-21%
612
-3%
150
-75%
753
+401%
816
+8%
851
+4%
1 114
+31%
740
-34%
647
-13%
Investing Cash Flow
Capital Expenditures
(187)
(128)
(105)
(43)
(47)
(53)
(68)
(79)
(88)
(102)
(92)
(91)
(84)
(81)
(79)
(98)
(144)
(167)
(182)
(194)
(189)
(202)
(215)
(210)
(199)
(182)
(156)
(155)
(164)
(160)
(165)
(156)
(148)
(147)
(147)
(147)
(153)
(156)
(195)
(254)
(298)
(350)
(348)
(315)
(290)
(244)
(219)
(197)
(164)
(162)
(144)
(119)
(87)
(82)
(82)
(96)
(126)
(3)
(10)
(15)
0
(97)
(98)
(106)
0
(113)
(119)
(247)
(325)
(339)
(269)
(549)
(539)
(675)
(712)
(585)
(596)
(516)
(408)
(284)
(244)
(292)
(387)
Other Items
0
5
3
2
14
(29)
(58)
(26)
(33)
(9)
(42)
7
9
(31)
49
21
21
61
68
24
14
33
23
7
11
18
1
(1)
8
10
30
28
18
7
7
7
18
19
18
34
22
19
16
2
2
3
3
2
1
1
1
1
9
10
10
10
2
1
1
1
(165)
(163)
(163)
(163)
(162)
(164)
(255)
(162)
(14)
1
(9)
(81)
(389)
(303)
(130)
(332)
(16)
(131)
(282)
(87)
(85)
(145)
(47)
Cash from Investing Activities
(186)
N/A
(122)
+34%
(102)
+17%
(41)
+60%
(33)
+20%
(83)
-152%
(127)
-53%
(105)
+17%
(121)
-15%
(111)
+8%
(135)
-21%
(84)
+38%
(76)
+10%
(112)
-48%
(30)
+74%
(77)
-160%
(123)
-60%
(106)
+14%
(115)
-8%
(170)
-48%
(174)
-2%
(169)
+3%
(192)
-14%
(203)
-6%
(188)
+8%
(164)
+13%
(155)
+6%
(156)
-1%
(156)
0%
(150)
+4%
(135)
+10%
(128)
+5%
(130)
-2%
(140)
-8%
(140)
+0%
(140)
0%
(135)
+4%
(136)
-1%
(177)
-30%
(220)
-24%
(277)
-26%
(330)
-19%
(331)
0%
(313)
+6%
(287)
+8%
(241)
+16%
(215)
+11%
(196)
+9%
(163)
+17%
(160)
+2%
(143)
+11%
(118)
+18%
(78)
+34%
(72)
+8%
(72)
N/A
(86)
-19%
(124)
-45%
(129)
-4%
(135)
-5%
(140)
-3%
(165)
-18%
(164)
+1%
(165)
0%
(173)
-5%
(162)
+6%
(172)
-6%
(269)
-57%
(303)
-13%
(339)
-12%
(339)
+0%
(278)
+18%
(630)
-127%
(928)
-47%
(979)
-5%
(842)
+14%
(918)
-9%
(612)
+33%
(646)
-6%
(690)
-7%
(371)
+46%
(329)
+11%
(437)
-33%
(434)
+1%
Financing Cash Flow
Net Issuance of Common Stock
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Issuance of Debt
135
74
27
(55)
(23)
(125)
(65)
(53)
(54)
1
1
(37)
(68)
(49)
(54)
(9)
37
(32)
(47)
(15)
51
38
1
(26)
(26)
(53)
(63)
58
(76)
(74)
(8)
(212)
(108)
(147)
(158)
(43)
(112)
(26)
10
50
29
61
72
(20)
5
43
(63)
(79)
(92)
(92)
(25)
(25)
(25)
(25)
(25)
(25)
(25)
(25)
(26)
(27)
(28)
(30)
(17)
(16)
(3)
(3)
(3)
(3)
(3)
(3)
(6)
14
11
9
11
301
301
(161)
(173)
(488)
(923)
(470)
(472)
Cash Paid for Dividends
(8)
0
(9)
(19)
(11)
0
(11)
(12)
(12)
0
(12)
(28)
(28)
(28)
(28)
(31)
(31)
(31)
(31)
0
(31)
(31)
(31)
(31)
(53)
0
(53)
(105)
(53)
(53)
(52)
(67)
(67)
0
0
(1)
(1)
0
0
(1)
(3)
0
0
(3)
(2)
0
0
(94)
(94)
0
(95)
(99)
(99)
0
(98)
0
(41)
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(5)
0
0
0
0
0
0
0
0
0
0
0
Other
(22)
(38)
(36)
(35)
(35)
63
6
5
(24)
(18)
(20)
(17)
(23)
(20)
(29)
(30)
(27)
(36)
(25)
(23)
(22)
(21)
(22)
(22)
(23)
(16)
(21)
(21)
1
(2)
9
10
(9)
(9)
2
5
6
14
1
1
18
13
27
41
33
38
25
12
4
(1)
(0)
(0)
6
6
5
7
1
1
0
(1)
0
1
1
1
9
10
34
103
70
3
(90)
178
179
181
225
33
153
50
33
6
151
179
262
Cash from Financing Activities
105
N/A
28
-74%
(18)
N/A
(109)
-497%
(69)
+37%
(73)
-5%
(70)
+4%
(61)
+13%
(90)
-48%
(29)
+67%
(31)
-5%
(81)
-164%
(119)
-47%
(97)
+19%
(111)
-15%
(71)
+36%
(20)
+72%
(98)
-386%
(103)
-4%
(37)
+64%
(1)
+98%
(14)
-1 900%
(52)
-272%
(80)
-53%
(101)
-27%
(121)
-20%
(137)
-13%
(68)
+50%
(128)
-88%
(130)
-1%
(52)
+60%
(269)
-423%
(184)
+32%
(223)
-22%
(223)
+0%
(39)
+82%
(107)
-171%
(13)
+88%
10
N/A
50
+386%
44
-13%
71
+63%
96
+35%
18
-82%
36
+104%
79
+119%
(39)
N/A
(162)
-316%
(182)
-12%
(187)
-3%
(120)
+36%
(124)
-3%
(117)
+5%
(117)
+0%
(118)
0%
(18)
+85%
(65)
-260%
(65)
+0%
(66)
-2%
(68)
-4%
(27)
+60%
(29)
-8%
(16)
+45%
(15)
+8%
6
N/A
7
+26%
31
+350%
100
+220%
67
-33%
(0)
N/A
(100)
-77 652%
187
N/A
185
-1%
186
+0%
236
+27%
335
+42%
454
+36%
(111)
N/A
(140)
-26%
(482)
-244%
(772)
-60%
(291)
+62%
(210)
+28%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Change in Cash
12
N/A
23
+84%
53
+134%
23
-56%
54
+132%
12
-79%
(17)
N/A
15
N/A
(35)
N/A
36
N/A
(2)
N/A
(7)
-183%
(15)
-119%
(46)
-207%
11
N/A
(12)
N/A
10
N/A
40
+301%
66
+65%
77
+16%
82
+6%
75
-8%
41
-45%
6
-85%
(8)
N/A
17
N/A
(75)
N/A
(22)
+71%
(80)
-266%
(73)
+8%
40
N/A
(145)
N/A
(86)
+41%
(154)
-80%
(139)
+10%
133
N/A
148
+11%
128
-13%
111
-13%
(28)
N/A
(118)
-328%
(85)
+28%
(15)
+82%
21
N/A
89
+332%
202
+127%
118
-42%
43
-63%
85
+97%
77
-10%
92
+20%
104
+13%
136
+31%
131
-4%
93
-29%
50
-46%
2
-96%
(14)
N/A
73
N/A
125
+70%
112
-10%
293
+161%
(77)
N/A
1
N/A
(2)
N/A
(295)
-13 890%
(1)
+100%
1
N/A
8
+514%
(10)
N/A
(3)
+69%
(17)
-427%
24
N/A
10
-57%
25
+141%
29
+16%
(8)
N/A
(5)
+40%
(14)
-194%
(3)
+82%
12
N/A
13
+2%
3
-78%
Free Cash Flow
Free Cash Flow
(93)
N/A
(11)
+89%
68
N/A
130
+91%
110
-16%
114
+4%
111
-2%
102
-8%
88
-14%
74
-16%
70
-5%
67
-5%
95
+42%
82
-14%
73
-11%
38
-48%
9
-76%
77
+730%
101
+31%
91
-11%
68
-25%
56
-18%
70
+25%
79
+13%
83
+5%
120
+45%
61
-49%
47
-23%
41
-14%
46
+13%
61
+33%
96
+57%
81
-16%
63
-22%
77
+23%
166
+115%
237
+43%
121
-49%
83
-32%
(112)
N/A
(183)
-64%
(176)
+4%
(127)
+28%
1
N/A
51
+4 962%
120
+137%
153
+28%
204
+33%
266
+30%
262
-1%
211
-20%
227
+7%
244
+8%
238
-3%
200
-16%
58
-71%
65
+13%
177
+172%
265
+50%
318
+20%
304
-4%
389
+28%
6
-99%
83
+1 375%
154
+87%
(244)
N/A
118
N/A
(43)
N/A
(45)
-4%
(11)
+76%
106
N/A
(123)
N/A
228
N/A
128
-44%
(81)
N/A
26
N/A
(446)
N/A
237
N/A
408
+72%
567
+39%
870
+54%
449
-48%
259
-42%

See Also

Summary
KGN intrinsic value, competitors valuation, and company profile.
DCF Valuation
KGN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
KGN stock valuation using valuation multiples.
Wall Street Estimates
KGN 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
KGN 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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