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Grupa Pracuj S.A. (GPP) Fair Value & Analysis

Industrials · PL · Market cap 3.3B PLN (≈ $879M) · ISIN PLGRPRC00015

What is Grupa Pracuj S.A. really worth?

GP Grupa Pracuj S.A. GPP · WAR
Price56.30 PLN
Fair Value65.45 PLN
Upside+16.3%
Quality86/100

A strong business, trading 14% below our fair value of 65.45 PLN.

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Strengths

Healthy Growth (revenue 5y +22.1 %/yr)
Highly profitable · 29.0% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 92/100

Risks

!Weak on future: 11 out of 100

For context

·5.33% dividend yield
Evidence: High Range 48.95 PLN – 85.65 PLN

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 16 days ago

Share price +6.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

67.66 PLN 29.22 PLN Fair Value 65.45 PLN Dec 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

57‑month range 29.22 PLN – 67.66 PLN · fair‑value band 48.95 PLN – 85.65 PLN · the 56.30 PLN price screens below the 65.45 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Grupa Pracuj S.A. (GPP) currently trades at 56.30 PLN, while our model-based Fair Value estimate is 65.45 PLN, implying the stock looks roughly 14.0% undervalued today. The Quality Score stands at 86/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 81.61 PLN per share, and 12 of the 26 models we run sit above the 56.30 PLN price. Bear case: the Economic Profit group reads lowest at 27.11 PLN, and 14 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Grupa Pracuj S.A. generated revenue of 816M PLN at a net margin of 29.0%. Revenue grew 2.2% year over year. It earns a return on equity of 44.9%. Net debt stands at 36.1M PLN. Fundamentals as of Aug 19, 2026

Our scenario range runs from 48.95 PLN (bear case) to 85.65 PLN (bull case); at 56.30 PLN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 16%, GPP screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.2842 PLN per share, which is 0.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence 52.79 PLN 93.36 PLN 161.36 PLN 78
Growth DCF 52.25 PLN 88.93 PLN 148.00 PLN 76
Owner Earnings 44.88 PLN 79.34 PLN 137.10 PLN 74
All 26 models by family
DCF Models
FCF DCF best evidence 52.79 PLN 93.36 PLN 161.36 PLN 78
Owner Earnings 44.88 PLN 79.34 PLN 137.10 PLN 74
5Y Revenue Exit 27.49 PLN 41.15 PLN 58.53 PLN 72
5Y EBITDA Exit 48.09 PLN 83.66 PLN 128.01 PLN 74
5Y P/E Exit 51.21 PLN 90.09 PLN 134.45 PLN 70
10Y Revenue Exit 35.38 PLN 51.13 PLN 73.30 PLN 67
10Y EBITDA Exit 49.23 PLN 81.61 PLN 130.21 PLN 67
10Y P/E Exit 51.25 PLN 86.22 PLN 135.49 PLN 62
Earnings-Based
Graham-Dodd 23.55 PLN 109.80 PLN 150.87 PLN 64
Lynch FV 29.00 PLN 41.43 PLN 53.86 PLN 61
PEG = 1.0 29.00 PLN 41.43 PLN 53.86 PLN 57
EPV 31.98 PLN 36.99 PLN 41.32 PLN 74
Dividend Discount
Gordon GGM 19.73 PLN 39.32 PLN 59.54 PLN 67
DDM Multi-Stage 19.73 PLN 33.98 PLN 41.50 PLN 67
Multiples
P/E Multiple 54.56 PLN 72.74 PLN 90.93 PLN 63
P/S Multiple 17.66 PLN 23.55 PLN 29.44 PLN 58
P/B Multiple 25.36 PLN 33.81 PLN 42.26 PLN 55
EV/EBIT 57.46 PLN 76.54 PLN 95.62 PLN 66
EV/EBITDA 49.71 PLN 66.20 PLN 82.69 PLN 67
EV/Revenue 15.06 PLN 21.42 PLN 27.78 PLN 53
Asset-Based
NCAV (Graham) 3.76 PLN 5.03 PLN 7.51 PLN 54
Growth DCF
Growth DCF 52.25 PLN 88.93 PLN 148.00 PLN 76
Rev-Margin DCF 27.49 PLN 41.47 PLN 59.66 PLN 72
Economic Profit
Residual Income 21.40 PLN 27.11 PLN 164.45 PLN 64
ROIC Compounder 34.92 PLN 43.98 PLN 54.35 PLN 72
Growth Earnings
Growth-Adj P/E 46.12 PLN 65.88 PLN 85.65 PLN 67

Widest divergence: DCF Models (81.61 PLN) versus Asset-Based (5.03 PLN). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 16.5
P/S ratio 4.84 P/E × margin
EPS (TTM) 3.42 PLN price ÷ EPS = P/E 16.5
Dividend yield 5.3% payout 87.7%
Net margin 29.4% FY2025
Return on equity 44.9% TTM
More key figures
Profitability
Return on assets (EBIT) 31.2% avg 5y
Operating margin 38.1% TTM
Growth
Revenue (TTM) 816M PLN TTM
Revenue growth (YoY) +2.2% 3y avg +10.1%
EPS growth (YoY) −3.2%
Balance sheet & cash flow
Free cash flow 296M PLN FY2025
Net debt 36.1M PLN FY2025 · ≈ 0.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 86/100

Of which business quality 82 · Market factors (momentum, volatility) 67

Profitability 91
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Grupa Pracuj S.A. operates HR technology platform in Poland, Ukraine, and Germany. The company operates Pracuj.pl, a digital recruitment platform; Robota.ua, an online recruitment solution; the:protocol, a recruitment platform mainly for the IT sector; eRecruiter, a managing recruitment processes platform; and worksmile, a platform for organizational …

Full company description

Grupa Pracuj S.A. operates HR technology platform in Poland, Ukraine, and Germany. The company operates Pracuj.pl, a digital recruitment platform; Robota.ua, an online recruitment solution; the:protocol, a recruitment platform mainly for the IT sector; eRecruiter, a managing recruitment processes platform; and worksmile, a platform for organizational culture engagement. It offers softgarden, a SaaS system that provides advanced multiposting technology that enables automated job postings across multiple recruitment platforms; and absence.io for vacation, absence, time tracking, and personal files management services. Grupa Pracuj S.A. was founded in 2000 and is headquartered in Warsaw, Poland. Grupa Pracuj S.A. is a subsidiary of Frascati Investments Sp. Z O.O.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grupa Pracuj S.A. reported revenue of 811M PLN in FY2025 versus 475M PLN in FY2021, a compound +14.3%/yr. Reported net income was 239M PLN in FY2025, compounding −1.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
811M PLN
Latest YoY
+5.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.1%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.6% (13.3 + 5.3)
Revenue +14.3%/yr
FY21 475M PLN
FY22 609M PLN
FY23 724M PLN
FY24 770M PLN
FY25 811M PLN
Net income −1.6%/yr
FY21 255M PLN
FY22 167M PLN
FY23 185M PLN
FY24 204M PLN
FY25 239M PLN

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Cite: Fair Value Calculator (2026). "Grupa Pracuj S.A. Fair Value". https://www.fairvalue-calculator.com/stock/GPP

Peer Group

Staffing & Employment Services · 80 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 86 · Top 25%
Fair Value upside +16% · Above median
Return on equity (TTM) 45% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 38% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 5.3% · Above median
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Staffing & Employment Services median · lower = cheaper

P/E (TTM) 16.5× · Pricier than median
P/B 1.70× · Pricier than median
P/S (TTM) 1.08× · Pricier than 75% of peers
P/FCF 3.0× · Cheaper than median
EV/EBITDA 2.7× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE55 · sector 49
FUTURE11 · sector 1
PAST100 · sector 41
HEALTH90 · sector 95
DIVIDEND100 · sector 59

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 24.06 CHF 24.15 +0%
Korn Ferry, KFY $83.30 $114.56 +38%
Robert Half Inc RHI $43.55 $20.51 −53%
TriNet Group TNET $69.61 $97.07 +39%
ManpowerGroup Inc MAN $61.19 $23.19 −62%
Insperity, Inc NSP $51.40 $17.34 −66%
FESCO Group 600861 ¥13.02 ¥45.46 +249%
Barrett Business Services, Inc BBSI $32.95 $38.11 +16%
Maharah for Human Resources Company 1831 4.68 SAR 6.87 SAR +47%
Kforce Inc KFRC $57.71 $31.40 −46%

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Frequently asked questions

Is Grupa Pracuj S.A. (GPP) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 65.45 PLN versus a price of 56.30 PLN, about +16% upside (undervalued).
What is the fair value of GPP?
Our model-based fair value for Grupa Pracuj S.A. is 65.45 PLN (as of Aug 19, 2026), built from audited fundamentals. The current price: 56.30 PLN.
What is the quality score of GPP?
Grupa Pracuj S.A. has a Quality Score of 86/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Grupa Pracuj S.A. (GPP)?
Grupa Pracuj S.A. reported trailing-twelve-month revenue of about 816M PLN (latest available figure, as of Aug 19, 2026).
What is the net profit margin of GPP?
The net profit margin of Grupa Pracuj S.A. is about 29.0%, meaning it keeps roughly 29.0% of revenue as net income. Based on the latest reported figures.
Does Grupa Pracuj S.A. pay a dividend?
Grupa Pracuj S.A. currently shows a dividend yield of about 5.33% relative to its recent price (as of Aug 19, 2026).
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