New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł22m free cash flow). Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (zł21.1m market cap, or US$5.81m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Annonce • May 22
Interbud-Lublin S.A., Annual General Meeting, Jun 16, 2026 Interbud-Lublin S.A., Annual General Meeting, Jun 16, 2026, at 10:00 Central European Standard Time. Reported Earnings • Apr 17
Full year 2025 earnings released: zł0.41 loss per share (vs zł0.29 loss in FY 2024) Full year 2025 results: zł0.41 loss per share (further deteriorated from zł0.29 loss in FY 2024). Revenue: zł20.0m (up zł18.1m from FY 2024). Net loss: zł4.64m (loss widened 78% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł21m free cash flow). Market cap is less than US$10m (zł23.1m market cap, or US$6.42m). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Revenue is less than US$5m (zł14m revenue, or US$3.9m). Reported Earnings • Nov 28
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł10.4m (up zł9.89m from 3Q 2024). Net loss: zł875.1k (loss narrowed 13% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Sep 28
Second quarter 2025 earnings released: zł0.11 loss per share (vs zł0.15 loss in 2Q 2024) Second quarter 2025 results: zł0.11 loss per share (improved from zł0.15 loss in 2Q 2024). Revenue: zł189.1k (down 42% from 2Q 2024). Net loss: zł1.15m (loss narrowed 13% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • Aug 26
Interbud-Lublin S.A. to Report First Half, 2025 Results on Sep 30, 2025 Interbud-Lublin S.A. announced that they will report first half, 2025 results on Sep 30, 2025 Reported Earnings • May 29
First quarter 2025 earnings released: EPS: zł0.02 (vs zł0.049 in 1Q 2024) First quarter 2025 results: EPS: zł0.02 (down from zł0.049 in 1Q 2024). Revenue: zł3.56m (up 237% from 1Q 2024). Net income: zł256.1k (down 50% from 1Q 2024). Profit margin: 7.2% (down from 48% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annonce • Apr 28
Interbud-Lublin S.A., Annual General Meeting, May 22, 2025 Interbud-Lublin S.A., Annual General Meeting, May 22, 2025. Reported Earnings • Apr 09
Full year 2024 earnings released Full year 2024 results: Net loss: zł2.60m (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (zł1.9m revenue, or US$469k). Market cap is less than US$10m (zł22.2m market cap, or US$5.35m). New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł1.9m revenue, or US$468k). Market cap is less than US$10m (zł22.4m market cap, or US$5.40m). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding). Reported Earnings • Dec 01
Third quarter 2024 earnings released: zł0.11 loss per share (vs zł2.38 profit in 3Q 2023) Third quarter 2024 results: zł0.11 loss per share (down from zł2.38 profit in 3Q 2023). Net loss: zł1.01m (down 106% from profit in 3Q 2023). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Durables industry in Poland. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 04
Second quarter 2024 earnings released: zł0.15 loss per share (vs zł0.11 loss in 2Q 2023) Second quarter 2024 results: zł0.15 loss per share (further deteriorated from zł0.11 loss in 2Q 2023). Net loss: zł1.32m (loss widened 79% from 2Q 2023). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Consumer Durables industry in Poland. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł3.07, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 14x in the Consumer Durables industry in Poland. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł3.02, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 14x in the Consumer Durables industry in Poland. Total returns to shareholders of 113% over the past three years. New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$1m (zł2.5m revenue, or US$625k). Market cap is less than US$10m (zł25.7m market cap, or US$6.42m). Minor Risk Large one-off items impacting financial results. Annonce • May 31
Interbud-Lublin S.A., Annual General Meeting, Jun 28, 2024 Interbud-Lublin S.A., Annual General Meeting, Jun 28, 2024. Reported Earnings • Dec 01
Third quarter 2023 earnings released Third quarter 2023 results: Net income: zł16.7m (up zł17.8m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł1.98, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Consumer Durables industry in Poland. Total returns to shareholders of 209% over the past three years. Reported Earnings • Sep 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł377.5k (down 98% from 2Q 2022). Net loss: zł739.7k (down 143% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł2.12, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 9x in the Consumer Durables industry in Poland. Total returns to shareholders of 324% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to zł1.48, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 8x in the Consumer Durables industry in Poland. Total returns to shareholders of 147% over the past three years. New Risk • Jun 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-zł4.4m). Market cap is less than US$10m (zł7.72m market cap, or US$1.86m). Minor Risk Large one-off items impacting financial results. Annonce • Jun 04
Interbud-Lublin S.A., Annual General Meeting, Jun 29, 2023 Interbud-Lublin S.A., Annual General Meeting, Jun 29, 2023, at 10:00 Central European Standard Time. Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: zł48.7m (up 112% from FY 2021). Net income: zł5.31m (up 58% from FY 2021). Profit margin: 11% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł1.22, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 8x in the Consumer Durables industry in Poland. Total returns to shareholders of 190% over the past three years. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł1.06m (down 56% from 3Q 2021). Net loss: zł1.12m (down 177% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 23
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł21.9m (up zł21.9m from 2Q 2021). Net income: zł1.72m (up zł3.60m from 2Q 2021). Profit margin: 7.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 18% share price gain to zł1.12, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 6x in the Consumer Durables industry in Poland. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 25% share price gain to zł1.13, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 5x in the Consumer Durables industry in Poland. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł1.05, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 6x in the Consumer Durables industry in Poland. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 16% share price gain to zł1.26, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 6x in the Consumer Durables industry in Poland. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 18% share price gain to zł1.29, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 6x in the Consumer Durables industry in Poland. Total returns to shareholders of 158% over the past three years. Annonce • May 18
Interbud-Lublin S.A., Annual General Meeting, Jun 09, 2022 Interbud-Lublin S.A., Annual General Meeting, Jun 09, 2022, at 10:00 Central European Standard Time. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: zł0.48 (vs zł0.26 loss in FY 2020) Full year 2021 results: EPS: zł0.48 (up from zł0.26 loss in FY 2020). Revenue: zł23.0m (up zł20.7m from FY 2020). Net income: zł3.36m (up zł5.19m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł1.07, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 8x in the Consumer Durables industry in Poland. Total returns to shareholders of 123% over the past three years. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Net income: zł1.44m (up 198% from 3Q 2020). Revenue was in line with analyst estimates. Reported Earnings • Sep 25
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: zł1.88m (loss widened 65% from 2Q 2020). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł1.12, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 11x in the Consumer Durables industry in Poland. Total returns to shareholders of 250% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to zł1.45, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 12x in the Consumer Durables industry in Poland. Total returns to shareholders of 263% over the past three years. Reported Earnings • May 04
Full year 2020 earnings released Full year 2020 results: Net loss: zł1.83m (down 150% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 21% share price gain to zł1.35, the stock is trading at a trailing P/E ratio of 4.8x, up from the previous P/E ratio of 4x. This compares to an average P/E of 12x in the Consumer Durables industry in Poland. Total returns to shareholders over the past three years are 286%. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł1.01, the stock is trading at a trailing P/E ratio of 3.6x, down from the previous P/E ratio of 4.3x. This compares to an average P/E of 11x in the Consumer Durables industry in Poland. Total returns to shareholders over the past three years are 124%. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 21% share price gain to zł1.10, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 11x in the Consumer Durables industry in Poland. Total returns to shareholders over the past three years are 112%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 59% share price gain to zł1.07, the stock is trading at a trailing P/E ratio of 3.8x, up from the previous P/E ratio of 2.4x. This compares to an average P/E of 10x in the Consumer Durables industry in Poland. Total returns to shareholders over the past three years are 110%. Is New 90 Day High Low • Dec 22
New 90-day high: zł0.90 The company is up 29% from its price of zł0.70 on 23 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 4.0% over the same period. Annonce • Sep 25
Interbud-Lublin S.A. to Report First Half, 2020 Results on Sep 30, 2020 Interbud-Lublin S.A. announced that they will report first half, 2020 results on Sep 30, 2020 Is New 90 Day High Low • Sep 24
New 90-day high: zł0.70 The company is up 15% from its price of zł0.61 on 26 June 2020. The Polish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 15% over the same period.