Added to YB: 2026-09-15
Pitch date: 2026-09-12
DNP.WA [neutral]
Dino Polska S.A.
-0.91%
current return
Author Info
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Company Info
Dino Polska S.A., together with its subsidiaries, operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.
Market Cap
PLN 34.7B
Pitch Price
PLN 35.32
Price Target
21.53 (-39%)
Dividend
N/A
EV/EBITDA
13.34
P/E
22.13
EV/Sales
0.98
Sector
Consumer Staples Distribution and Retail
Category
value
Dino Polska and the Price of Perfect Execution
DNP.WA (earnings): Dino’s H1 supported demand resilience but did not prove that store growth is generating adequate returns: Q2 like-for-like sales rose 0.3% despite meaningful price declines, while EBITDA margin fell 56 basis points and operating cash flow remained below capex. Independently built DCFs value the shares at PLN 21.53 and PLN 23.61 versus PLN 35; margin recovery, store maturation and self-funded expansion remain unproven.
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