BREJY(BREJY)

$4.42—

Chart

BREJY(BREJY)

OTC

$4.42—

Chart Studio

BREJY(BREJY)

BREJY

Overview Stream Notebook Intel Chart History Fundamentals TTM Earnings Analysts News Financials Segments Insiders Institl.DCF Peers

8/13/26

MBANK S.A. UNSPONSORED ADR (BREJY)

Thursday

8:37 AM

Thesis: mBank S.A. Unsponsored ADR: the risks are mounting — Swiss franc mortgage litigation risk with potential additional provisions beyond current reserves (legacy CHF mortgages…

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$14.0B	$12.4B	$13.6B
Rev. Growth	-17.6%	-11.3%	+10.1%
EPS	$3.99	$4.61	$5.86
EPS Growth	+51.1%	+15.4%	+27.2%
P/E (fwd)	1.1×	1.0×	0.8×

★ Analysts see FY2027 revenue reaching $13.6B — +10.1% growth in a single year.

What Could Go Wrong

1Swiss franc mortgage litigation risk with potential additional provisions beyond current reserves (legacy CHF mortgages originated 2004-2010)
2Digital disruption from fintech competitors and neobanks eroding fee income and deposit franchise
3Polish regulatory environment including potential windfall taxes on banks and mandatory consumer protection measures
4Demographic headwinds in Poland with aging population affecting long-term loan demand growth
5Intense competition from state-controlled PKO Bank Polski and Pekao SA with lower funding costs and government backing
6Market share pressure in digital banking from Revolut, N26, and local fintech challengers
7Pricing competition in mortgage market compressing margins as banks compete for quality borrowers
8Debt-to-equity ratio of 1.00x indicates moderate leverage typical for European banks but limits capital flexibility

FY2025 Snapshot

Revenue: $14.0B
Rev. Growth: -17.6%
Gross Margin: 63.6%
Op. Margin: 34.4%
Net Margin: 24.3%
Net Income: $3.4B
NI Growth: +51.0%
EPS: $3.99
1Y Return: +0.0%

BREJY Chart

My Notes

value - The stock trades at 2.0x price-to-book with 17.7% ROE, attracting value investors seeking exposure to Central European economic…
Net interest margin expands when Polish central bank rates rise, as loan repricing typically occurs faster than deposit repricing…
Watch on earnings: Polish National Bank reference rate and forward rate expectations, Polish zloty (PLN) exchange rate against EUR and CHF, Poland GDP growth rate and unemployment trends.

One Sentence Summary:

The bear case: swiss franc mortgage litigation risk with potential additional provisions beyond current reserves (legacy chf mortgages originated 2004-2010).

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

Writing up the research note…

First read for a new ticker takes about 20–30 seconds while we build the analysis from the latest fundamentals, estimates, and intelligence. It's saved after this, so future visits are instant.

Explore More

S&P 500 Screener

Filter and sort all 500 stocks

Market Movers

Today's biggest gainers and losers

Market Heatmap

Visual sector performance

Metric

FY2025

FY2026E

FY2027E

P/E (fwd)

1.1×

1.0×

0.8×

What Could Go Wrong

1Swiss franc mortgage litigation risk with potential additional provisions beyond current reserves (legacy CHF mortgages originated 2004-2010)

2Digital disruption from fintech competitors and neobanks eroding fee income and deposit franchise

3Polish regulatory environment including potential windfall taxes on banks and mandatory consumer protection measures

4Demographic headwinds in Poland with aging population affecting long-term loan demand growth

5Intense competition from state-controlled PKO Bank Polski and Pekao SA with lower funding costs and government backing

6Market share pressure in digital banking from Revolut, N26, and local fintech challengers

7Pricing competition in mortgage market compressing margins as banks compete for quality borrowers

8Debt-to-equity ratio of 1.00x indicates moderate leverage typical for European banks but limits capital flexibility

My Notes

value - The stock trades at 2.0x price-to-book with 17.7% ROE, attracting value investors seeking exposure to Central European economic…

Net interest margin expands when Polish central bank rates rise, as loan repricing typically occurs faster than deposit repricing…

Watch on earnings: Polish National Bank reference rate and forward rate expectations, Polish zloty (PLN) exchange rate against EUR and CHF, Poland GDP growth rate and unemployment trends.