Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
OND.WA
HOLDREMOVEOnde S.A. · Industrials · Poland · $129M · Avg Vol: $29K/d
Onde S.A. is a Polish construction company focused on renewable energy infrastructure. It operates on thin margins with high contract execution risks and lacks the asset-light, high-ROIC profile we require.
COMPANY DESCRIPTION
Onde S.A. is the leading engineering and construction contractor for renewable energy infrastructure in Poland, specializing in the development of wind and solar farms. The company provides comprehensive EPC (Engineering, Procurement, and Construction) services to major international energy developers. Its competitive moat is anchored by its dominant market share in Polish wind farm construction, deep regulatory expertise, and a strong track record of project execution.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 301M | 299M | 222M | 238M | -7.5% |
| EPS | 0.04 | 0.17 | 0.15 | 0.10 | 39.1% |
| Shares | 55M | 55M | 55M | 55M | -0.9% |
| Debt | 23M | 7M | 31M | 40M | 19.8% |
| Equity | 86M | 95M | 99M | 99M | 5.0% |
| Op CF | -22M | 40M | 30M | -1M | -24.5% |
| Inv CF | -9M | -6M | -22M | 8M | — |
| Fin CF | 4M | -19M | 11M | -11M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of OND.WA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| OND.WA | Onde S.A.(you) | $129M | 35 | HOLD |
| EQU.WA | Equnico SE | $101M | 39 | HOLD |
| MRB.WA | Mirbud S.A. | $340M | 43 | HOLD |
| ERB.WA | Erbud S.A. | $84M | 10 | STRONG SELL |
| PBX.WA | Pekabex S.A. | $63M | 6 | STRONG SELL |
| DEK.WA | Dekpol S.A. | $158M | 77 | BUY |
| PXM.WA | Polimex-Mostostal S.A. | $551M | 55 | HOLD |
| MSZ.WA | Mostostal Zabrze S.A. | $126M | 84 | STRONG BUY |
| UNI.WA | UNIBEP S.A. | $127M | 86 | STRONG BUY |
| INK.WA | Instal Kraków S.A. | $75M | 79 | BUY |
Peer medians: ROE 8.1% · P/E 12.0x · Gross margin 17.1%