G

Grupa Azoty Zaklady Chemiczne Police SA
WSE:PCE

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Grupa Azoty Zaklady Chemiczne Police SA
WSE:PCE
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Price: 8.44 PLN 4.2%
Market Cap: 1B PLN
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-51%
5Y
+6%
10Y
-8%
Operating Income
+
3Y
-87%
5Y
+16%
10Y
-75%
Net Income
+
3Y
-
5Y
-
10Y
-

Earnings Waterfall
Grupa Azoty Zaklady Chemiczne Police SA

Revenue
2.5B PLN
Cost of Revenue
-2.3B PLN
Gross Profit
152.6m PLN
Operating Expenses
-108.2m PLN
Operating Income
44.5m PLN
Other Expenses
-180.7m PLN
Net Income
-136.3m PLN

Income Statement
Grupa Azoty Zaklady Chemiczne Police SA

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Income Statement
Currency: PLN
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
4
4
3
0
0
0
4
0
0
0
2
0
0
0
3
0
0
0
23
0
0
0
33
0
0
0
25
0
0
0
12
0
0
0
11
2
5
0
9
4
3
0
4
0
0
0
8
0
0
0
9
2
4
0
9
2
2
0
8
0
0
0
8
3
7
0
12
10
16
0
33
29
39
0
84
34
32
0
94
0
0
0
Revenue
1 647
N/A
1 635
-1%
1 668
+2%
1 658
-1%
1 671
+1%
1 661
-1%
1 671
+1%
1 736
+4%
1 708
-2%
1 796
+5%
1 824
+2%
2 070
+13%
2 425
+17%
2 666
+10%
2 404
-10%
2 215
-8%
1 791
-19%
1 300
-27%
1 487
+14%
1 388
-7%
1 536
+11%
1 855
+21%
2 023
+9%
2 217
+10%
2 390
+8%
2 455
+3%
2 766
+13%
2 877
+4%
3 126
+9%
3 293
+5%
2 981
-9%
2 980
0%
2 785
-7%
2 536
-9%
2 464
-3%
2 370
-4%
2 259
-5%
2 254
0%
2 412
+7%
2 527
+5%
2 602
+3%
2 697
+4%
2 741
+2%
2 682
-2%
2 594
-3%
2 544
-2%
2 417
-5%
2 430
+1%
2 476
+2%
2 458
-1%
2 600
+6%
2 515
-3%
2 495
-1%
2 516
+1%
2 421
-4%
2 533
+5%
2 479
-2%
2 473
0%
2 432
-2%
2 354
-3%
2 345
0%
2 347
+0%
2 428
+3%
2 498
+3%
2 618
+5%
2 881
+10%
3 220
+12%
3 550
+10%
4 478
+26%
5 045
+13%
5 350
+6%
5 014
-6%
4 183
-17%
3 572
-15%
2 970
-17%
2 893
-3%
2 787
-4%
2 602
-7%
2 484
-5%
2 499
+1%
2 516
+1%
2 491
-1%
Gross Profit
Cost of Revenue
(1 435)
(1 447)
(1 488)
(1 499)
(1 534)
(1 533)
(1 593)
(1 600)
(1 543)
(1 564)
(1 526)
(1 645)
(1 885)
(2 042)
(2 049)
(2 081)
(1 884)
(1 669)
(1 697)
(1 547)
(1 634)
(1 796)
(1 846)
(1 955)
(2 046)
(2 066)
(2 331)
(2 446)
(2 713)
(2 897)
(2 707)
(2 721)
(2 525)
(2 289)
(2 226)
(2 151)
(2 026)
(2 008)
(2 078)
(2 124)
(2 164)
(2 241)
(2 253)
(2 176)
(2 112)
(2 065)
(1 999)
(2 038)
(2 051)
(2 035)
(2 128)
(2 066)
(2 114)
(2 175)
(2 131)
(2 221)
(2 170)
(2 150)
(2 102)
(2 068)
(2 044)
(2 029)
(2 100)
(2 165)
(2 267)
(2 503)
(2 774)
(3 107)
(3 793)
(4 383)
(4 927)
(4 734)
(4 244)
(3 729)
(2 962)
(2 814)
(2 690)
(2 457)
(2 382)
(2 386)
(2 375)
(2 338)
Gross Profit
213
N/A
188
-11%
180
-4%
159
-12%
138
-14%
128
-7%
79
-39%
136
+73%
165
+22%
232
+40%
298
+28%
425
+43%
540
+27%
623
+15%
355
-43%
134
-62%
(94)
N/A
(369)
-294%
(210)
+43%
(158)
+25%
(98)
+38%
58
N/A
177
+202%
262
+49%
344
+31%
389
+13%
435
+12%
431
-1%
413
-4%
396
-4%
274
-31%
260
-5%
261
+0%
247
-5%
239
-3%
220
-8%
234
+6%
246
+5%
334
+36%
402
+20%
439
+9%
456
+4%
488
+7%
506
+4%
482
-5%
479
-1%
419
-13%
393
-6%
425
+8%
423
0%
472
+11%
449
-5%
381
-15%
340
-11%
290
-15%
312
+8%
309
-1%
323
+5%
330
+2%
286
-13%
301
+5%
318
+6%
328
+3%
333
+2%
350
+5%
379
+8%
446
+18%
443
-1%
685
+55%
662
-3%
423
-36%
279
-34%
(61)
N/A
(157)
-159%
7
N/A
79
+1 024%
96
+21%
145
+51%
102
-30%
113
+11%
141
+25%
153
+8%
Operating Income
Operating Expenses
(107)
(105)
(96)
(129)
(133)
(134)
(92)
(398)
(405)
(418)
(20)
(128)
(131)
(144)
(179)
(207)
(240)
(215)
(142)
(172)
(134)
(147)
(152)
(149)
(149)
(146)
(165)
(188)
(191)
(197)
(145)
(154)
(161)
(172)
(201)
(186)
(195)
(205)
(251)
(266)
(275)
(281)
(278)
(293)
(327)
(331)
(315)
(347)
(319)
(308)
(294)
(339)
(341)
(343)
(281)
(285)
(282)
(286)
(275)
(287)
(276)
(280)
(275)
(256)
(255)
(257)
(279)
(294)
(305)
(325)
(342)
(338)
(327)
(456)
(221)
(289)
(287)
(426)
(153)
(140)
(130)
(108)
Selling, General & Administrative
(120)
(119)
(119)
(121)
(121)
(122)
(121)
(127)
(131)
(136)
(148)
(159)
(170)
(176)
(174)
(173)
(165)
(155)
(141)
(134)
(127)
(133)
(146)
(143)
(147)
(144)
(154)
(164)
(171)
(181)
(185)
(193)
(203)
(214)
(229)
(234)
(243)
(254)
(259)
(273)
(278)
(284)
(282)
(284)
(305)
(298)
(297)
(296)
(271)
(272)
(281)
(276)
(280)
(284)
(273)
(277)
(277)
(275)
(285)
(291)
(296)
(301)
(292)
(286)
(277)
(272)
(269)
(277)
(292)
(308)
(323)
(329)
(320)
(301)
(284)
(284)
(279)
(280)
(253)
(248)
(234)
(226)
Depreciation & Amortization
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
(2)
0
(9)
(5)
(4)
0
(9)
(4)
(4)
0
(7)
(4)
(3)
0
(6)
0
(2)
0
Other Operating Expenses
12
14
24
(8)
(11)
(12)
30
(271)
(274)
(282)
129
31
39
32
(5)
(34)
(75)
(59)
(1)
(39)
(7)
(14)
(7)
(6)
(2)
(2)
(11)
(25)
(20)
(16)
40
39
42
42
27
48
48
49
8
7
3
2
4
(9)
(21)
(32)
(18)
(51)
(48)
(36)
(13)
(62)
(61)
(59)
(8)
(8)
(5)
(9)
10
4
20
21
17
30
25
15
(1)
(12)
(9)
(17)
(10)
(7)
(5)
(155)
70
(1)
(5)
(145)
106
108
105
118
Operating Income
105
N/A
83
-21%
85
+2%
30
-64%
5
-84%
(6)
N/A
(13)
-130%
(262)
-1 903%
(240)
+8%
(186)
+23%
278
N/A
297
+7%
410
+38%
480
+17%
175
-63%
(73)
N/A
(333)
-358%
(583)
-75%
(353)
+40%
(331)
+6%
(232)
+30%
(88)
+62%
24
N/A
113
+366%
195
+73%
243
+24%
270
+11%
243
-10%
222
-9%
200
-10%
129
-35%
106
-18%
100
-6%
75
-24%
37
-50%
34
-10%
39
+15%
41
+5%
83
+105%
136
+63%
164
+21%
176
+7%
211
+20%
212
+1%
155
-27%
148
-5%
104
-29%
46
-56%
106
+133%
115
+8%
178
+55%
111
-38%
40
-64%
(2)
N/A
9
N/A
28
+209%
28
0%
38
+36%
55
+47%
(1)
N/A
24
N/A
38
+57%
53
+39%
77
+45%
96
+24%
122
+27%
168
+38%
150
-11%
380
+154%
337
-11%
81
-76%
(59)
N/A
(388)
-557%
(614)
-58%
(214)
+65%
(209)
+2%
(191)
+9%
(280)
-47%
(50)
+82%
(27)
+47%
11
N/A
44
+300%
Pre-Tax Income
Interest Income Expense
25
34
25
25
23
11
10
4
4
4
1
8
9
9
3
5
6
6
(9)
11
10
7
(11)
(37)
(48)
(48)
(13)
(7)
(9)
(1)
(3)
(4)
6
1
2
2
5
3
(4)
(8)
(6)
(2)
0
0
(0)
(2)
2
1
1
4
5
9
7
5
9
3
5
5
12
25
(11)
7
102
45
90
58
(8)
(2)
(40)
(63)
1
1
85
49
(776)
(786)
(852)
(741)
(8)
(11)
(99)
(130)
Non-Reccuring Items
(32)
(24)
(24)
0
0
0
(247)
0
0
0
(91)
0
0
0
(11)
0
0
0
(48)
0
0
0
(9)
0
0
0
(13)
0
0
0
(1)
0
0
0
19
(1)
(0)
0
(2)
2
2
0
(13)
0
0
0
(34)
0
0
0
(50)
(2)
(2)
(2)
(1)
0
(1)
0
(8)
(1)
0
0
6
0
(7)
0
(6)
(1)
(2)
0
(224)
(159)
(153)
0
(140)
(137)
(141)
0
(2)
0
(4)
0
Total Other Income
(13)
(8)
(3)
(8)
(10)
(9)
1
(4)
3
4
20
20
24
19
(126)
(216)
(185)
(148)
3
80
42
9
1
0
0
0
1
0
0
0
(3)
0
0
0
1
(1)
(2)
(2)
(2)
(5)
(5)
(5)
(5)
2
(0)
(0)
(5)
(3)
(3)
(3)
(7)
(7)
(59)
(59)
(58)
(53)
1
0
(5)
0
16
16
(14)
16
(0)
0
(6)
(0)
1
0
(19)
(25)
(39)
(39)
(11)
(18)
(16)
(16)
(12)
(36)
(25)
(25)
Pre-Tax Income
84
N/A
85
+1%
83
-3%
47
-43%
18
-61%
(3)
N/A
(249)
-8 183%
(262)
-5%
(233)
+11%
(177)
+24%
208
N/A
325
+56%
442
+36%
507
+15%
41
-92%
(284)
N/A
(512)
-81%
(725)
-42%
(407)
+44%
(240)
+41%
(180)
+25%
(72)
+60%
5
N/A
77
+1 379%
148
+93%
195
+31%
245
+26%
236
-3%
214
-10%
199
-7%
122
-39%
102
-16%
106
+4%
77
-27%
59
-23%
35
-42%
41
+19%
41
+0%
75
+81%
125
+67%
155
+24%
169
+9%
193
+14%
214
+11%
154
-28%
145
-6%
67
-54%
42
-38%
104
+149%
116
+11%
127
+10%
111
-13%
(13)
N/A
(58)
-336%
(41)
+30%
(23)
+44%
32
N/A
43
+33%
55
+28%
24
-57%
30
+27%
61
+106%
148
+140%
139
-6%
178
+28%
179
+1%
146
-18%
147
+0%
338
+131%
275
-19%
(161)
N/A
(242)
-50%
(494)
-104%
(604)
-22%
(1 141)
-89%
(1 150)
-1%
(1 199)
-4%
(1 037)
+13%
(72)
+93%
(74)
-2%
(116)
-58%
(111)
+5%
Net Income
Tax Provision
(2)
(3)
17
26
17
15
(23)
(16)
(18)
(21)
(4)
(28)
(47)
(61)
(13)
7
60
89
(17)
(12)
(38)
(49)
21
19
16
15
68
58
58
55
(20)
(18)
(22)
(15)
(10)
(5)
(4)
(5)
(13)
(22)
(28)
(33)
(42)
(46)
(33)
(33)
(27)
(23)
(40)
(39)
(38)
(35)
(13)
(7)
7
5
1
2
(11)
(6)
(10)
(15)
(24)
(22)
(31)
(36)
(33)
(33)
(74)
(64)
26
40
110
123
71
64
53
42
1
3
(4)
(25)
Income from Continuing Operations
82
82
100
73
35
12
(271)
(277)
(251)
(199)
205
297
395
446
29
(277)
(453)
(637)
(424)
(252)
(218)
(121)
26
96
164
209
313
295
271
253
102
85
84
62
50
29
37
37
61
102
126
136
151
168
121
113
40
19
63
76
89
75
(26)
(66)
(34)
(18)
34
45
44
17
20
46
124
116
147
143
113
114
265
212
(135)
(202)
(384)
(481)
(1 070)
(1 087)
(1 146)
(995)
(72)
(70)
(120)
(136)
Income to Minority Interest
0
0
0
(0)
0
0
0
1
0
0
(1)
(1)
(0)
(1)
0
0
0
0
1
1
1
1
1
1
1
1
(1)
(1)
0
0
2
2
1
1
2
3
2
3
2
2
2
1
7
6
14
17
31
32
26
23
20
21
21
21
4
4
4
3
6
(4)
4
1
(7)
2
(8)
(4)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
0
0
0
0
(0)
0
(0)
(0)
Net Income (Common)
69
N/A
69
+0%
87
+27%
60
-32%
34
-44%
12
-65%
(271)
N/A
(276)
-2%
(251)
+9%
(198)
+21%
204
N/A
297
+45%
395
+33%
446
+13%
29
-94%
(276)
N/A
(452)
-64%
(636)
-41%
(423)
+34%
(251)
+41%
(217)
+14%
(120)
+45%
27
N/A
97
+255%
165
+70%
210
+27%
312
+49%
294
-6%
271
-8%
254
-7%
104
-59%
87
-17%
85
-2%
63
-26%
52
-18%
32
-37%
39
+22%
40
+1%
64
+61%
104
+63%
128
+23%
137
+7%
158
+16%
174
+10%
136
-22%
130
-4%
71
-45%
51
-28%
89
+75%
99
+11%
109
+10%
96
-12%
(6)
N/A
(44)
-680%
(29)
+34%
(14)
+53%
38
N/A
48
+24%
49
+3%
14
-72%
24
+77%
47
+96%
116
+148%
118
+1%
139
+18%
139
+0%
113
-19%
114
+0%
265
+133%
212
-20%
(135)
N/A
(202)
-49%
(384)
-91%
(481)
-25%
(1 070)
-122%
(1 087)
-2%
(1 146)
-6%
(995)
+13%
(72)
+93%
(70)
+2%
(120)
-71%
(136)
-13%
EPS (Diluted)
0.98
N/A
0.97
-1%
1.16
+20%
0.69
-41%
0.38
-45%
0.14
-63%
-3.15
N/A
-3.2
-2%
-2.9
+9%
-2.3
+21%
2.37
N/A
3.45
+46%
4.59
+33%
5.18
+13%
0.33
-94%
-3.22
N/A
-5.26
-63%
-7.39
-40%
-4.92
+33%
-2.91
+41%
-2.49
+14%
-1.4
+44%
0.32
N/A
1.13
+253%
1.92
+70%
2.44
+27%
3.63
+49%
3.43
-6%
3.17
-8%
2.96
-7%
1.21
-59%
1.01
-17%
0.98
-3%
0.73
-26%
0.6
-18%
0.38
-37%
0.46
+21%
0.46
N/A
0.74
+61%
1.19
+61%
1.48
+24%
1.59
+7%
1.84
+16%
2.03
+10%
1.55
-24%
1.51
-3%
0.82
-46%
0.59
-28%
1.04
+76%
1.16
+12%
1.27
+9%
1.11
-13%
-0.07
N/A
-0.53
-657%
-0.34
+36%
-0.16
+53%
0.44
N/A
0.55
+25%
0.57
+4%
0.11
-81%
0.19
+73%
0.39
+105%
0.95
+144%
0.94
-1%
1.12
+19%
1.12
N/A
0.91
-19%
0.91
N/A
2.13
+134%
1.7
-20%
-1.09
N/A
-1.63
-50%
-3.1
-90%
-3.88
-25%
-8.62
-122%
-8.75
-2%
-9.23
-5%
-7.83
+15%
-0.58
+93%
-0.57
+2%
-0.97
-70%
-1.1
-13%

See Also

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