Fundamental analysis KGH.WA (KGHM Polska Miedz S.A.)

Updated on 07/20/2026

We analyzed KGHM Polska Miedz stock against the 10 quality criteria of Lubin Investment. The company gets a quality score of 6/10, meaning medium quality.

Sector: Copper. Listing: WA. Current price: 293.70 PLN.

Lubin scoring methodology

KGHM Polska Miedz S.A. (KGH.WA)'s score is calculated automatically from 10 objective financial criteria, with no human intervention or opinion. Each criterion is validated (YES / PARTIAL / NO) based on thresholds drawn from the financial literature (Warren Buffett, Bettin-Mauboussin, Aswath Damodaran). The final score is the sum of validations.

The 10 quantitative criteria analyzed

1. Profitable: positive net margin
2. Growing revenue: revenue growing > 10%/year over 5 years
3. Growing earnings per share: FCF per share adjusted for stock-based compensation, > 10%/year over 5 years
4. Share count under control: stable or declining (net buybacks = value creation for shareholders)
5. Cash profitability: free cash flow margin > 10% of revenue
6. Expanding margins: operating margin widens over 5 years (operating leverage)
7. Return on invested capital: Bettin-Mauboussin Cash ROCE > 15% per year
8. Debt under control: net debt repayable in less than 3 years of free cash flow
9. Earnings converted to cash: free cash flow exceeds accounting net income
10. Net collection period: short or negative cash conversion cycle

Frequently asked questions

Is KGHM Polska Miedz a quality stock?

KGHM Polska Miedz gets a quality score of 6/10 (medium quality), calculated over the 10 Lubin Investment criteria: profitability, revenue and free cash flow growth, share buybacks, margins, debt and return on capital.

How is KGHM Polska Miedz's score calculated?

The score is the total of validated criteria (YES / PARTIAL / NO) using thresholds drawn from the financial literature (Warren Buffett, Mauboussin, Aswath Damodaran), automatically and with no human opinion.

Where to see KGHM Polska Miedz's full analysis?

The full interactive analysis (10-criteria detail, history, P/FCF valuation, sector comparisons) is available at https://lubin-investment.com/analyse/KGH.WA?lng=en.

Other stocks in the Copper sector

• Atalaya Mining Copper (ATYM.L) — score 9/10, P/FCF 1056.2×
• Antofagasta (ANTO.L) — score 7/10
• Lundin Mining (LUN.TO) — score 7/10, P/FCF 48.6×
• Southern Copper (SCCO) — score 7/10, P/FCF 33.8×
• Ero Copper (ERO) — score 6/10, P/FCF 23.8×

Go further

👉 See the full interactive analysis of KGH.WA

Other resources : Detailed methodology · All stocks in the Copper sector · Stocks rated 10 out of 10 · Top quality companies · Lubin Investment pricing.