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QRS.WA — Warsaw Stock Exchange Investment Management & Fund Operators

Quercus Towarzystwo Funduszy Inwestycyjnych SA

$11,68
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Mcap
590,6M PLN
P/E
—
EV / Rev
—
Div yield
0,00 %
Op margin
34,5 %
ROE
49,6 %
Net margin
29,4 %
Debt / equity
0,04
Beta
—
52w range
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Volume
—
Day range
—
Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

Quercus Towarzystwo Funduszy Inwestycyjnych SA is an investment management company that generates revenue primarily through management fees on assets under administration.

Business. Quercus Towarzystwo Funduszy Inwestycyjnych SA (QRS.WA) is a Polish investment management and fund operator headquartered in Poland. The company operates within the Banking & Investment Services sector, generating revenue primarily through fee-based investment management services. It is listed on the Warsaw Stock Exchange under the ticker symbol QRS.WA. Specific details regarding operating segments or geographic revenue breakdowns are not disclosed.

Classification92 %
SectorFinancials
Business sectorBanking & Investment Services
IndustryInvestment Management & Fund Operators
ActivityBanking & Investment Services
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
49,6 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning QRS.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to QRS.WA. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Quercus Towarzystwo Funduszy Inwestycyjnych SA (QRS.WA) is a Polish investment management and fund operator headquartered in Poland. The company operates within the Banking & Investment Services sector, generating revenue primarily through fee-based investment management services. It is listed on the Warsaw Stock Exchange under the ticker symbol QRS.WA. Specific details regarding operating segments or geographic revenue breakdowns are not disclosed.

    Classification92 %
    SectorFinancials
    Business sectorBanking & Investment Services
    IndustryInvestment Management & Fund Operators
    ActivityBanking & Investment Services
    AI synthesis
    GENERATED

    Quercus Towarzystwo Funduszy Inwestycyjnych SA maintains a strong liquidity position, with a current ratio of 1.73 and cash and equivalents amounting to 141,352,000 PLN, representing 58% of total assets. The company's price-to-book ratio of 4.99 and price-to-tangible-book ratio of 4.99 suggest a premium valuation relative to its book value, while the low debt-to-equity ratio of 0.04 indicates a conservative capital structure.

    The company's profitability metrics show a return on equity of 49.56% and a return on assets of 24.75%, both significantly above the industry median for investment management firms. These returns are supported by a net income of 60,233,000 PLN and operating income of 70,717,000 PLN, with a net margin of 29.43% and an operating margin of 34.55%.

    Quercus Towarzystwo Funduszy Inwestycyjnych SA operates as a single-segment entity, with all revenue derived from its investment management services. The company's geographic exposure is concentrated in Poland, with no disclosed international operations or revenue diversification.

    The company's revenue for the latest period was 204,694,000 PLN, in line with the analyst estimate of 202,611,000 PLN. While no specific growth trajectory is disclosed, the company's operating cash flow of 59,464,000 PLN and free cash flow of 61,083,000 PLN suggest strong cash generation capabilities.

    The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt-to-equity ratio and high cash reserves further support its strong liquidity position. No dilution potential is identified in the basic shares outstanding, with no recent issuance or shelf registration activity reported.

    Recent events include the latest financial filing disclosing the company's strong performance in the most recent period. No material events or regulatory actions have been reported in the latest filings or transcripts.

    Key takeaways
    • Quercus Towarzystwo Funduszy Inwestycyjnych SA has a strong liquidity position with a current ratio of 1.73 and cash and equivalents representing 58% of total assets.
    • The company's return on equity of 49.56% and return on assets of 24.75% are significantly above industry medians for investment management firms.
    • The company's valuation multiples (price-to-book of 4.99 and price-to-tangible-book of 4.99) suggest a premium valuation relative to its book value.
    • Quercus Towarzystwo Funduszy Inwestycyjnych SA maintains a conservative capital structure with a low debt-to-equity ratio of 0.04.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $11,68
    Market cap
    $606.8M
    Enterprise valueⓘ
    $470.8M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    7.9x
    P / Bⓘ
    5.0x
    P / Tangible bookⓘ
    5.0x
    Tangible book
    $121.5M
    Net cashⓘ
    $136.0M
    Current ratioⓘ
    1.7
    Debt / equityⓘ
    0.0
    ROAⓘ
    24.8%
    ROEⓘ
    49.6%
    Cash conversionⓘ
    99.0%
    CapEx / revenueⓘ
    -2.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin34,5 %Above median
    Net Margin29,4 %Above median
    ROE49,6 %Best in class
    Capex / Rev-2,1 %Below median
    D/E0,04Below median
    Cash Conv0,99Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Quercus Towarzystwo Funduszy Inwestycyjnych SA Market data — financials · 2026-05-29
    • Quercus Towarzystwo Funduszy Inwestycyjnych SA Market data — analyst estimates · 2026-05-29

    Ownership & reference

    Leadership

    • Dorota Podedworna-TarnowskaChairman of the Supervisory Board
    • Pawel SasnowskiChairman of the Supervisory Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    QRS.WACanonical
    Warsaw Stock Exchange · PLN

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage