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

Industrials · PL · Market cap 3.3B PLN

GP Grupa Pracuj S.A GPP · WAR
Price54.40 PLN
Fair Value65.45 PLN
Upside+20.3%
Quality86/100
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Healthy Growth
Highly profitable · 29.0% net margin
Low debt · generates free cash flow
6.30% dividend yield
Ranks above peers (11/14)
Wide moat 92/100
Evidence: High Range 48.95 PLN – 85.65 PLN Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 65.21 PLN to 65.45 PLN (+0.4%) since Jul 17, 2026. Share price +23.6% over the past month.

A strong business, screening 20% undervalued on our models.

What matters now

  • Our model range runs from 48.95 PLN (bear) to 85.65 PLN (bull), base 65.45 PLN. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 86/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

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

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

How to read this chart

56‑month range 29.22 PLN – 67.66 PLN · fair‑value band 48.95 PLN – 85.65 PLN · the 54.40 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 Jul 19, 2026.

Full chart & analysis →

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Analysis

Grupa Pracuj S.A (GPP) currently trades at 54.40 PLN, while our model-based Fair Value estimate is 65.45 PLN, implying the stock looks roughly 20.3% undervalued today. The Quality Score stands at 86/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

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 Jul 19, 2026

Our scenario range runs from 48.95 PLN (bear case) to 85.65 PLN (bull case); at 54.40 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 25% below its 52-week high and 47% 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 20%, GPP screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 52.25 PLN 88.93 PLN 148.00 PLN 80
Residual Income 21.40 PLN 27.11 PLN 164.45 PLN 76
Rev-Margin DCF 27.49 PLN 41.47 PLN 59.66 PLN 74
All 26 models by family
DCF Models
FCF DCF 52.79 PLN 93.36 PLN 161.36 PLN 38
Owner Earnings 44.88 PLN 79.34 PLN 137.10 PLN 31
5Y Revenue Exit 27.49 PLN 41.15 PLN 58.53 PLN 39
5Y EBITDA Exit 48.09 PLN 83.66 PLN 128.01 PLN 41
5Y P/E Exit 51.21 PLN 90.09 PLN 134.45 PLN 38
10Y Revenue Exit 35.38 PLN 51.13 PLN 73.30 PLN 36
10Y EBITDA Exit 49.23 PLN 81.61 PLN 130.21 PLN 37
10Y P/E Exit 51.25 PLN 86.22 PLN 135.49 PLN 35
Earnings-Based
Graham-Dodd 23.55 PLN 109.80 PLN 150.87 PLN 54
Lynch FV 29.00 PLN 41.43 PLN 53.86 PLN 50
PEG = 1.0 29.00 PLN 41.43 PLN 53.86 PLN 46
EPV 31.98 PLN 36.99 PLN 41.32 PLN 59
Dividend Discount
Gordon GGM 19.73 PLN 39.32 PLN 59.54 PLN 70
DDM Multi-Stage 19.73 PLN 33.98 PLN 41.50 PLN 61
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 53
EV/EBITDA 49.71 PLN 66.20 PLN 82.69 PLN 54
EV/Revenue 15.06 PLN 21.42 PLN 27.78 PLN 43
Asset-Based
NCAV (Graham) 3.76 PLN 5.03 PLN 7.51 PLN 50
Growth DCF
Growth DCF 52.25 PLN 88.93 PLN 148.00 PLN 80
Rev-Margin DCF 27.49 PLN 41.47 PLN 59.66 PLN 74
Economic Profit
Residual Income 21.40 PLN 27.11 PLN 164.45 PLN 76
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 68

Widest divergence: DCF Models (81.61 PLN) versus Asset-Based (5.03 PLN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 816M PLN
Revenue growth (YoY) +2.2%
Net margin 29.0%
Return on equity 44.9%
Free cash flow 296M PLN FY2025
P/E ratio 13.9
More key figures
Operating margin 38.1%
EPS (TTM) 3.42 PLN
Dividend yield 6.3%
EPS growth (YoY) -3.2%
Net debt 36.1M PLN FY2025

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

Quality Score breakdown

Overall quality 86/100

Of which business quality 82 · Market factors (momentum, volatility) 58

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 80
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 41
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.

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. growth/yr (3Y)
+10.1%
Avg. growth/yr (5Y)
+22.1%
Avg. growth/yr (7Y)
+13.8%
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 · 85 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 +20% · 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) 6.3% · Top 25%
Debt / equity 0.20× · Higher than median

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

P/E (TTM) 13.9× · Cheaper 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

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.

VALUE 60 · sector 41
FUTURE 11 · sector 1
PAST 100 · sector 36
HEALTH 90 · sector 95
DIVIDEND 100 · sector 60

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Stock Price Fair Value vs Fair Value
Adecco Group ADEN CHF 20.46 CHF 23.73 +16%
Korn Ferry, KFY $78.61 $114.56 +46%
Robert Half Inc RHI $36.70 $22.10 -40%
TriNet Group TNET $57.56 $70.85 +23%
ManpowerGroup Inc MAN $39.02 $29.67 -24%
Insperity, Inc NSP $49.48 $17.34 -65%
FESCO Group 600861 ¥13.24 ¥45.46 +243%
Barrett Business Services, Inc BBSI $37.43 $38.42 +3%
Maharah for Human Resources Company 1831 5.36 SAR 6.92 SAR +29%
Kforce Inc KFRC $55.49 $31.93 -42%

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Frequently asked questions

Is Grupa Pracuj S.A (GPP) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 65.45 PLN versus a price of 54.40 PLN, about +20% (undervalued).
What is the fair value of GPP?
Our model-based fair value for Grupa Pracuj S.A is 65.45 PLN (as of Jul 19, 2026), built from audited fundamentals. The current price is 54.40 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 Jul 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 6.45% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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