Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
XTB.WA
STRONG BUYAPPROVEXTB S.A. · Financial Services · Poland · $3.4B · Avg Vol: $13M/d
XTB is a high-quality, asset-light digital brokerage that thrives during periods of macro volatility and retail trading engagement. With a high ROIC, strong cash generation, and a scalable proprietary platform, it shares scale economics with customers through low fees, driving user acquisition. The current geopolitical and energy-driven market volatility provides a strong tailwind for trading volumes.
COMPANY DESCRIPTION
XTB S.A. operates a global online trading platform offering CFDs, forex, stocks, and ETFs to retail clients. The company secures its market position through proprietary, user-friendly trading technology combined with aggressive marketing and low-cost execution. It is a high-growth, highly profitable fintech broker with a rapidly expanding global footprint.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 409M | 451M | 515M | 584M | 12.6% |
| EPS | 0.56 | 1.80 | 1.86 | 2.01 | — | 53.1% |
| Shares | — | 117M | 118M | 118M | 118M | +0.2% |
| Debt | — | 8M | 8M | 9M | 7M | -5.3% |
| Equity | — | 415M | 478M | 552M | 551M | 9.9% |
| Op CF | — | 317M | 132M | 228M | 169M | -18.8% |
| Inv CF | — | -91M | 77M | -6M | 114M | — |
| Fin CF | — | -50M | -157M | -166M | -181M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of XTB.WA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| XTB.WA | XTB S.A.(you) | $3.4B | 94 | STRONG BUY |
| IPE.WA | IPOPEMA Securities S.A. | $61M | 82 | STRONG BUY |
| GPW.WA | Gielda Papierów Wartosciowych w Warszawie S.A. | $946M | 90 | STRONG BUY |
| BNP.WA | BNP Paribas Bank Polska S.A. | $5.9B | 74 | BUY |
| ALR.WA | Alior Bank S.A. | $4.5B | 65 | HOLD |
| BHW.WA | Bank Handlowy w Warszawie S.A. | $4.5B | 63 | HOLD |
| PZU.WA | Powszechny Zaklad Ubezpieczen SA | $15.3B | 78 | BUY |
| MIL.WA | Bank Millennium S.A. | $6.6B | 57 | HOLD |
| BST.WA | BEST S.A. | $260M | 95 | STRONG BUY |
| KRU.WA | KRUK Spólka Akcyjna | $2.2B | 48 | HOLD |
Peer medians: ROE 15.8% · P/E 9.3x · Gross margin 0.0%