Comarch (CMR.WA) Stock Price
Comarch Price
Over the last 19 years Comarch grew revenue by 9.4% annually, reaching 1.82 B PLN. Earnings per share have grown at 10.0% per year over the last 19 years. For Comarch, the net margin of 5.5% is down versus 7.3% a few years ago. At today's price the dividend yield works out to roughly 1.21%. The payout ratio is around 32% of earnings. The dividend has grown at 9.3% per year over the past 11 years.
Comarch stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Comarch over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Comarch stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Comarch's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Comarch Revenue, EBIT, Net Income
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Comarch Income Statement, Balance Sheet, Cash Flow Statement
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.79 | 0.88 | 0.94 | 1.04 | 1.13 | 1.11 | 1.13 | 1.37 | 1.44 | 1.54 | 1.63 | 1.86 | 1.82 | 1.93 | 2.01 | 2.20 |
| 3.15 | 12.48 | 6.34 | 10.54 | 8.96 | -1.68 | 1.17 | 21.69 | 4.97 | 6.89 | 5.92 | 14.20 | -2.31 | 6.17 | 4.20 | 9.51 |
| 13.89 | 22.08 | 22.26 | 29.58 | 30.06 | 31.29 | 25.96 | 26.37 | 29.23 | 29.30 | 29.38 | 26.32 | 23.58 | 23.58 | 23.58 | 23.58 |
| 109.00 | 195.00 | 209.00 | 307.00 | 340.00 | 348.00 | 292.00 | 361.00 | 420.00 | 450.00 | 478.00 | 489.00 | 428.00 | 454.41 | 473.51 | 518.55 |
| 34.00 | 30.00 | 36.00 | 104.00 | 119.00 | 106.00 | 53.00 | 74.00 | 135.00 | 187.00 | 185.00 | 136.00 | 94.00 | 159.00 | 202.00 | 221.00 |
| 4.33 | 3.40 | 3.83 | 10.02 | 10.52 | 9.53 | 4.71 | 5.41 | 9.39 | 12.17 | 11.37 | 7.32 | 5.18 | 8.25 | 10.06 | 10.05 |
| 36.00 | 40.00 | 25.00 | 67.00 | 79.00 | 73.00 | 64.00 | 30.00 | 104.00 | 120.00 | 123.00 | 107.00 | 100.00 | 124.00 | 120.00 | 133.00 |
| -16.28 | 11.11 | -37.50 | 168.00 | 17.91 | -7.59 | -12.33 | -53.13 | 246.67 | 15.38 | 2.50 | -13.01 | -6.54 | 24.00 | -3.23 | 10.83 |
| – | – | – | – | – | – | – | – | – | – | – | – | 4.00 | 5.00 | 6.00 | 7.20 |
| – | – | – | – | – | – | – | – | – | – | – | – | – | 25.00 | 20.00 | 20.00 |
| 8.10 | 8.10 | 8.10 | 8.10 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 | 8.13 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Comarch generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Comarch retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Comarch's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Comarch has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Comarch's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Comarch stock margins
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Comarch Stock Revenue, EBIT, Earnings per Share
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Comarch business model & stock analysis
Comarch SWOT Analysis
Strengths
Comarch SA has several key strengths that contribute to its competitive advantage. Firstly, the company has extensive experience in the IT industry, with a proven track record of successful projects and a strong reputation. This experience allows it to better understand and meet the needs of its clients. Secondly, Comarch SA has a diverse range of products and services, catering to various industries and sectors. This diversification helps mitigate risks associated with relying too heavily on a single market or product. Furthermore, the company boasts a dedicated and talented workforce. Its team consists of knowledgeable professionals who are adept at delivering innovative solutions and providing excellent customer support. This skilled team enables Comarch SA to consistently meet and exceed client expectations. Lastly, Comarch SA has established a global presence, with offices and clients in numerous countries. This international footprint allows the company to tap into different markets and benefit from cross-border collaborations and opportunities.
Weaknesses
Despite its strengths, Comarch SA also faces some weaknesses. One of the main weaknesses is its reliance on external suppliers. The company relies on various third-party vendors for certain components or services, which could lead to potential delays or dependence on external factors. Additionally, Comarch SA may face challenges in terms of scalability. As the company continues to grow, it needs to ensure its infrastructure and systems can support increased demand and maintain high-quality service levels. Moreover, Comarch SA might face competition from larger, well-established IT companies that have greater resources and reach. This could impact its market share and growth opportunities in the industry.
Opportunities
Comarch SA has several opportunities it can capitalize on for future growth. Firstly, there is a rising demand for digital transformation and IT solutions across various industries. Comarch SA can position itself as a trusted partner in this space and leverage its expertise to capture new clients and expand its market share. Additionally, the company can explore partnerships or collaborations with other organizations to enhance its offerings or enter new markets. Strategic alliances can help Comarch SA access new technologies, diversify its portfolio, and gain a competitive edge. Furthermore, the global trend towards cloud computing presents an opportunity for Comarch SA. The company can develop and offer cloud-based solutions to meet the growing demand for flexible and scalable IT services. Lastly, Comarch SA can consider expanding its geographical presence by targeting emerging markets or underserved regions. This would allow the company to tap into new customer segments and diversify its revenue streams.
Threats
Comarch SA faces certain threats that could pose challenges to its growth and profitability. Firstly, the IT industry is characterized by rapid technological advancements and evolving customer needs. The company must stay agile and continuously innovate to keep up with these changes and remain competitive. Secondly, there is always a risk of cybersecurity breaches and data privacy issues. Comarch SA must invest in robust security measures and compliance frameworks to protect its clients' sensitive information and maintain their trust. Moreover, economic downturns or global events can impact IT spending, leading to reduced demand for Comarch SA's products and services. The company must be prepared to navigate through such uncertainties and adapt its strategies accordingly. Lastly, the potential entry of new competitors or disruptive technologies poses a threat to Comarch SA. The company must stay vigilant and stay abreast of the competitive landscape to proactively address any emerging challenges.
Comarch Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Comarch historical P/E ratio, EBIT multiple, and P/S ratio
Comarch annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Comarch shares outstanding
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Comarch stock splits
Comarch Dividend History
12 years of dividend payments
Comarch dividend history and estimates
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Comarch dividend payout ratio
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Comarch Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/21/2021 | -PLN | - | 407.22 MPLN | - | 2021 Q1 |
| 8/28/2020 | -PLN | - | 350.82 MPLN | - | 2020 Q2 |
| 5/15/2020 | -PLN | - | 374.74 MPLN | - | 2020 Q1 |
| 2/28/2020 | -PLN | - | 428.84 MPLN | - | 2019 Q4 |
| 5/19/2010 | -PLN | - | 156.01 MPLN | - | 2010 Q1 |
| 5/5/2010 | -PLN | - | 205.33 MPLN | - | 2009 Q4 |
| 11/16/2009 | -PLN | - | 169.30 MPLN | - | 2009 Q3 |
| 5/15/2009 | -PLN | - | 168.08 MPLN | - | 2009 Q1 |
| 11/15/2007 | -PLN | - | 141.09 MPLN | - | 2007 Q3 |
| 5/16/2006 | -PLN | - | 90.13 MPLN | - | 2006 Q1 |
Comarch shareholder structure
| % | Name |
|---|---|
99.99937% | |
0.13856% | |
0.01742% | |
0.00000% | |
0.00000% | |
0.00000% |
Comarch Beneficial Ownership Filings (SEC 13D/G)
Comarch Executives and Management Board
16 members · avg. age 48 · 31 % women
Mr. Zbigniew Rymarczyk (48)
Vice President of the Management Board, Director of the ERP Business Unit
3.69 M PLN
Management
Mr. Andrzej Przewiezlikowski
Vice President of the Management Board, Director of Financial Services Division
Mr. Konrad Taranski
Vice President of the Management Board, Chief Financial Officer
Mr. Jaroslaw Mikos
President of the Management Board · since 2024
Mr. Arkadiusz Ilgowski
Vice President of the Management Board
Mr. Marcin Kaleta
Vice President of the Management Board
Mr. Michal Medrala
Vice President of the Management Board
Board of Directors
Ms. Elzbieta Filipiak
Chairman of the Supervisory Board
Ms. Joanna Krasodomska
Independent Member of the Supervisory Board
Mr. Andrzej Pach
Independent Vice Chairman of the Supervisory Board · since 2019
Mr. Krzysztof Krawczyk
Vice Chairman of the Supervisory Board · since 2024
Mr. Michal Bobrzynski
Member of the Supervisory Board
Ms. Elzbieta Bujniewicz-Belka
Member of the Supervisory Board
Frequently asked questions about Comarch
The business model of Comarch SA is focused on providing innovative IT solutions and services. Comarch SA is a leading global software provider specializing in areas such as telecommunications, finance, healthcare, and retail. They offer a wide range of products and services including customer relationship management, network management, financial management, and e-commerce solutions. Comarch SA aims to support businesses in achieving their goals by delivering tailored technology solutions that enhance efficiency, customer experience, and revenue growth. With a strong focus on research and development, Comarch SA continuously strives to stay at the forefront of technological advancements and industry trends.
Comarch SA is primarily active in the IT industry. As a global software company, Comarch provides a wide range of solutions and services tailored to various sectors. With a focus on innovation and technology, Comarch offers products for telecommunications, finance, retail, healthcare, and more. Comarch's expertise in these industries enables them to deliver comprehensive software solutions that cater to the specific needs and challenges of businesses operating within these sectors.
The main competitors of Comarch SA in the market include global IT companies such as Oracle, SAP, and Microsoft. These companies offer similar solutions and services in various industries, including software development, enterprise resource planning, customer relationship management, and more. However, Comarch SA sets itself apart by providing innovative and tailor-made software solutions, backed by a strong focus on customer satisfaction. With its comprehensive product portfolio and expertise in multiple sectors, Comarch SA remains a formidable competitor in the market, continuously striving to meet the evolving needs of its clients.
Comarch SA is a renowned IT company with an extensive history and background. Established in 1993 in Poland, Comarch has rapidly grown into a global provider of innovative IT solutions and services. The company offers a wide range of products, including software, hardware, and cloud-based solutions, catering to various industries such as telecommunications, finance, healthcare, and more. Comarch's success stems from its commitment to delivering comprehensive and tailored IT solutions, enabling businesses to optimize their operations and drive growth. With offices worldwide and a strong global presence, Comarch SA continues to be a leading player in the IT industry, empowering businesses with cutting-edge technology solutions.
Comarch SA has achieved several significant milestones throughout its history. One noteworthy milestone is the company's listing on the Warsaw Stock Exchange in 1999, which demonstrated its strong financial performance and strategic growth. Another milestone includes the expansion of Comarch's global presence, with offices established in multiple countries such as the United States, Germany, and China, allowing the company to serve an international clientele. Comarch SA also achieved recognition as a reliable and innovative IT solutions provider, receiving numerous industry awards and accolades. These milestones showcase Comarch SA's steady progress, financial success, and commitment to delivering high-quality products and services to its global customers.
Comarch SA is primarily present in several countries and regions worldwide. The company has a strong presence in its home country, Poland, where it is headquartered. Additionally, Comarch SA has expanded its operations to other European countries such as Germany, France, Italy, Spain, and the United Kingdom. It has also established a solid presence in North America, particularly in the United States. Comarch SA's footprint reaches further to include the Asia-Pacific regions, with offices and operations in India, Singapore, and Australia. Overall, Comarch SA's global presence enables it to deliver its innovative solutions and services to a diverse range of markets and industries.
Comarch SA represents a strong set of values and corporate philosophy. With a commitment to excellence, innovation, and customer satisfaction, Comarch SA strives to deliver top-notch solutions and services. The company focuses on reliability, professionalism, and integrity, ensuring that the needs of its clients are met effectively. Comarch SA believes in fostering long-term partnerships, continuously improving its offerings, and staying ahead in the ever-evolving technology landscape. By maintaining a customer-centric approach and embracing a culture of continuous learning and growth, Comarch SA is dedicated to building trust and delivering value to its clients globally.
7 analysts currently rate the Comarch stock: 0 recommend buying, 3 holding and 4 selling. For 2026, analysts expect Comarch to generate revenue of 2.20 B PLN and earnings per share of 16.39 PLN.
Converted at the current exchange rate, the Comarch share trades at 76.79 EUR (331.00 PLN).
The Comarch share (CMR.WA) is listed on 5 stock exchanges, including: Frankfurt (75Y.F), München (75Y.MU), London (0O6M.L).
Comarch SA is a globally operating IT company headquartered in Krakow, Poland. The company was founded in 1993 and is active in the field of software development and IT services. Comarch offers various solutions for businesses, as well as for retail and telecommunications. The main business areas of Comarch are Fintech, healthcare, telecommunications, trade and industry, and IT services. In the Fintech sector, the company offers solutions for banks, insurance companies, leasing, factoring, and debt collection companies. These include systems for credit business, payment transactions, risk management, compliance, and treasury. In healthcare, Comarch offers solutions for hospitals, doctors, health insurance companies, and pharmacists. The portfolio includes systems for patient data management, billing of medical services, and the integration of medical devices into IT systems. In the telecommunications sector, Comarch offers software and service solutions for telecommunications providers, network operators, and mobile providers. The solutions offered include systems for network infrastructure management, customer service, billing, product design, marketing, and sales. In the industry, Comarch offers solutions for companies in the retail, production, and logistics sectors. These include software solutions for inventory management, production planning, quality control, warehouse logistics, as well as data analysis and processing. Comarch also offers a wide range of IT services, including IT outsourcing, implementation of IT systems, training, and consulting. The IT services are offered by the company worldwide. Some of Comarch's key products include the Comarch ERP system, the Comarch CRM system, and the Comarch BI system. The Comarch ERP system is a software solution for enterprise resource planning, which includes the management of finances, inventory, production, sales, and logistics. The Comarch CRM system is a software solution for customer relationship management, which enables the management of customer information, sales processes, and marketing campaigns. The Comarch BI system is a software solution for business intelligence, which enables the analysis of business data and the creation of reports and dashboards. Comarch serves clients in more than 60 countries worldwide, including companies such as Orange, Deutsche Bank, Philips, and Carrefour. The company places great importance on research and development and invests about 20% of its revenue each year in the development of new products and solutions.
The expected revenue of Comarch is 2.20 B PLN. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Comarch is 133.27 M PLN. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Comarch is currently 20.20. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Comarch stock.
The price-to-sales ratio (P/S) of Comarch is currently 1.22. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Comarch stock.
The Eulerpool Quality Score for Comarch is 5/10.
The ISIN of Comarch is PLCOMAR00012. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Comarch is 925815. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Comarch is CMR.WA. The ticker symbol is used to trade Comarch shares on the stock exchange.
Over the past 12 months, Comarch paid a dividend of 4.00 PLN . This corresponds to a dividend yield of about 1.21 %. For the coming 12 months, Comarch is expected to pay a dividend of 6.00 PLN.
The current dividend yield of Comarch is 1.21 %.
Comarch pays a dividend, distributed in the months of , , , .
Comarch paid dividends every year for the past 0 years.
For the upcoming 12 months, dividends amounting to 6.00 PLN are expected. This corresponds to a dividend yield of 1.81 %.
Comarch is assigned to the 'Information technology' sector.
To receive the latest dividend of Comarch from amounting to 5 PLN, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Comarch distributed 5 PLN as dividends.
The dividends of Comarch are distributed in PLN.
Comarch stock
Comarch Ticker
Comarch FIGI
All fundamentals and in-depth analysis of Comarch
Our stock analysis for Comarch stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Comarch. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.