Added to YB: 2026-01-13
Pitch date: 2026-01-10
MBR.WA [bullish]
Mo-BRUK S.A.
Author Info
HatedMoats identifies hated moats. I buy companies when the market panics. Contrarian investor focused on quality, value & long-term growth. Sign up for the newsletter.
Company Info
Mo-BRUK S.A. processes industrial, hazardous, and municipal waste in Poland, Germany, Italy, Slovenia, Denmark, Romania, and Lithuania.
Market Cap
PLN 1.2B
Pitch Price
PLN 354.50
Price Target
450.00 (+27%)
Dividend
3.75%
EV/EBITDA
19.09
P/E
406.98
EV/Sales
4.49
Sector
Commercial Services and Supplies
Category
value
Mo-Bruk: Deep Dive Analysis
MBR.WA: Leading Polish hazardous waste processor w/ 45% EBITDA margins & regulatory moat from licensing barriers. Revenue stagnant ~PLN 300M but strong FCF recovery expected as capex drops to <PLN 20M in 2026. One-off PLN 65M provision hit 2025 but underlying biz solid. Eco-bomb projects provide growth catalyst. Trading <15x normalized earnings w/ 4%+ dividend yield. Limited competition, essential service demand.
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