What is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.'s (KGN.WA) StockRank?

MoatMap's StockRank for Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) is 99/100, with a Strong Buy signal. This is a composite score combining Quality (83), Value (89), and Momentum (48) factor ranks across MoatMap's universe of 25,000+ stocks.

Does Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. have an economic moat?

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) has a Quality factor score of 83/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. a buy, hold, or sell?

MoatMap's current signal for Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) is Strong Buy, based on a StockRank of 99/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.

What sector is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. in?

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) operates in the Utilities sector, specifically the Utilities - Regulated Electric industry (Poland).

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KGN.WA

Strong BuyUnloved QualityFLAG

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. · Utilities · Poland · $276M · Avg Vol: $390K/d

StockRank

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P/E (TTM)

2.9x

ROE

13.8%

D/E

0.1x

Dividend %

—

AI CONVICTION THESIS

As a cogeneration utility group, KGN benefits from favorable regulatory mechanisms (URE auction premiums) for energy production in Europe, providing a stable cash flow profile. However, it is fundamentally tied to the European industrial outlook, which is currently a casualty of energy insecurity in the region.

COMPANY DESCRIPTION

KOGENERACJA S.A. is a major Polish utility company specializing in the combined heat and power (CHP) generation for the Wroclaw metropolitan area. The company operates critical municipal infrastructure, providing regulated district heating and electricity to residential and industrial consumers. Its competitive moat is a natural geographic monopoly in the local district heating market, supported by stable, regulated tariff structures.

FINANCIAL SUMMARY (PLN)

Year	2022	2023	2024	2025	CAGR	TTM
Revenue	1.8B	3.2B	2.6B	2.7B	13.5%	2.9B
EPS (PLN)	10.04	17.16	13.54	18.59	22.8%	24.35
Shares	14.9M	14.9M	14.9M	14.9M	0.0%	14.9M
Debt	112.4M	433.6M	437.9M	403.0M	53.0%	393.1M
Equity	1.9B	2.1B	2.3B	2.6B	11.3%	—
Op CF	425.6M	611.9M	850.7M	804.0M	23.6%	940.7M
Inv CF	-629.7M	-917.5M	-371.4M	-317.1M	—	—
Fin CF	187.4M	334.7M	-482.0M	-484.7M	—	—

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PRICE (1Y)+2.7%

SMA 50SMA 200

$19.36

RSI (14)

71.3

52W High

$22.56

From 52W High

0.9%

SCORE BREAKDOWN

Quality

ROIC

11.4%82.9

ROE

13.8%81.1

GP/Assets

13.3%74.7

Op. Margin

24.2%69.7

FCF/Assets

10.5%94.4

Piotroski

999.0

Int. Cover

23.3x89.3

D/E Ratio

0.14x88.0

Current Ratio

1.24x61.2

Value

P/E (TTM)

2.9x98.5

EV/EBITDA

2.1x97.7

P/FCF

2.2x95.8

P/B

0.4x95.0

P/S

0.4x91.9

Div Yield

—N/A

Momentum

52W High %

86%58.7

RS 6M

-32%11.8

SMA 50/200

0.96x35.8

EPS Rev 4W

+1.4%65.2

EPS Rev 12W

-2.3%22.3

EPS Improve

+52%67.4

Q Growth

68%82.2

FUNDAMENTALS

Market Cap

$276M

P/E (Forward)

1.9x

Gross Margin

20.9%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of KGN.WA are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
KGN.WA	Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.(you)	$276M	99	Strong Buy
ENA.WA	ENEA S.A.	$2.7B	95	Strong Buy
ENG.WA	Energa SA	$3.5B	81	Strong Buy
PGE.WA	PGE Polska Grupa Energetyczna S.A.	$6.5B	78	Buy
MDI.WA	MDI Energia S.A.	$26M	85	Strong Buy
TPE.WA	TAURON Polska Energia S.A.	$3.9B	72	Buy
PEP.WA	Polenergia S.A.	$1.1B	42	Hold
ZEP.WA	ZE PAK SA	$241M	16	Strong Sell

Peer medians: ROE 8.5% · P/E 5.6x · Gross margin 18.3%

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA): Stock Score Summary

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) has a MoatMap StockRank of 99/100 based on Quality (83/100), Value (89/100), and Momentum (48/100) factor scores. The current signal is STRONG BUY. As a cogeneration utility group, KGN benefits from favorable regulatory mechanisms (URE auction premiums) for energy production in Europe, providing a stable cash flow profile. However, it is fundamentally tied to the European industrial outlook, which is currently a casualty of energy insecurity in the region.

Key Financial Metrics

Price	$19.36
Market Cap	$276M
P/E (TTM)	2.90
P/E (Forward)	1.91
Price/Book	0.37
Return on Equity	13.8%
Return on Invested Capital	11.4%
Debt/Equity	0.14x
Gross Margin	20.9%
Operating Margin	24.2%
Revenue Growth	21.6%
Free Cash Flow	$128M

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. operates in the Utilities - Regulated Electric industry, part of the Utilities sector (Poland).

Frequently Asked Questions

What is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.’s (KGN.WA) StockRank?: MoatMap’s StockRank for Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) is 99/100, with a Strong Buy signal. It is a composite of Quality (83), Value (89), and Momentum (48) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. have an economic moat?: Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) has a Quality factor score of 83/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. a buy, hold, or sell?: MoatMap’s current signal for Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) is Strong Buy, based on a StockRank of 99/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. in?: Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) operates in the Utilities sector, specifically the Utilities - Regulated Electric industry (Poland).