Added to YB: 2025-03-24
Pitch date: 2025-03-23
GPP.WA [bullish]
Grupa Pracuj S.A.
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
Company Info
Grupa Pracuj S.A. operates HR technology platform in Poland, Ukraine, and Germany. The company operates Pracuj.
Market Cap
PLN 4.3B
Pitch Price
N/A
Price Target
130.00
Dividend
3.31%
EV/EBITDA
12.32
P/E
20.75
EV/Sales
5.53
Sector
Professional Services
Category
value
European growth story at 10x FCF
GPP.WA: Dominant Polish online jobs classifieds + soon #1 in Ukraine (accretive 3-4x EBITDA deal). Asset-light, ~50% EBITDA margins, LDD rev/mid-teens earnings growth. Tailwinds: German fiscal stimulus, Poland EU funds, Ukraine war end. Trades 8x 2026 EBITDA/10x FCF vs peers 15-25x. PT PLN 130 (~140% upside) at 15x EBITDA; ~25% IRR w/o re-rating. Risks: low liquidity (~$400k ADTV), 52% insider control, FX, macro.
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