Declared Dividend • May 03
Dividend of zł2.50 announced Dividend of zł2.50 is the same as last year. Ex-date: 8th June 2026 Payment date: 30th June 2026 Dividend yield will be 4.9%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • May 02
Selena FM S.A. announces Annual dividend, payable on June 30, 2026 Selena FM S.A. announced Annual dividend of PLN 2.5000 per share payable on June 30, 2026, ex-date on June 08, 2026 and record date on June 09, 2026. Buy Or Sell Opportunity • Jan 29
Now 22% undervalued Over the last 90 days, the stock has risen 46% to zł56.40. The fair value is estimated to be zł72.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jan 14
Now 22% undervalued Over the last 90 days, the stock has risen 46% to zł56.00. The fair value is estimated to be zł72.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.7% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł52.60, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 10x in the Chemicals industry in Poland. Total returns to shareholders of 162% over the past three years. Annonce • Dec 10
Selena FM S.A. (WSE:SEL) agreed to acquire Acdis France on December 8, 2025. Selena FM S.A. (WSE:SEL) entered into an agreement to acquire Acdis France on December 8, 2025.
The expected completion of the transaction is January 31, 2026. Reported Earnings • Dec 02
Third quarter 2025 earnings released: EPS: zł2.33 (vs zł1.15 in 3Q 2024) Third quarter 2025 results: EPS: zł2.33 (up from zł1.15 in 3Q 2024). Revenue: zł501.2m (up 3.8% from 3Q 2024). Net income: zł50.3m (up 102% from 3Q 2024). Profit margin: 10.0% (up from 5.2% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 13
Now 21% undervalued Over the last 90 days, the stock has risen 5.3% to zł37.90. The fair value is estimated to be zł47.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 11%. Buy Or Sell Opportunity • Sep 24
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to zł38.00. The fair value is estimated to be zł47.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Earnings per share has declined by 11%. Reported Earnings • Sep 17
Second quarter 2025 earnings released: EPS: zł1.09 (vs zł1.10 in 2Q 2024) Second quarter 2025 results: EPS: zł1.09 (down from zł1.10 in 2Q 2024). Revenue: zł459.6m (down 3.1% from 2Q 2024). Net income: zł23.7m (down 5.7% from 2Q 2024). Profit margin: 5.1% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Annonce • Aug 21
Selena FM S.A. to Report First Half, 2025 Results on Sep 16, 2025 Selena FM S.A. announced that they will report first half, 2025 results on Sep 16, 2025 Buy Or Sell Opportunity • Aug 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to zł34.10. The fair value is estimated to be zł42.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 15%. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to zł34.10. The fair value is estimated to be zł43.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 15%. Annonce • Jul 04
Selena FM Seeks to Acquire Two Manufacturers of Bituminous Membranes Selena FM S.A. (WSE:SEL) is to soon acquire two manufacturers of bituminous membranes - the listed Izolacja Jarocin Spolka Akcyjna (WSE:IZO) and Przedsiebiorstwo Handlowo-Produkcyjne TES. However, in the current market situation, which is characterised by high volatility and macroeconomic uncertainty, Selena FM management is leaning more towards growth through acquisitions. Upcoming Dividend • Jun 02
Upcoming dividend of zł2.50 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Polish dividend payers (6.7%). Higher than average of industry peers (2.6%). Reported Earnings • May 29
First quarter 2025 earnings released: EPS: zł0.90 (vs zł0.84 in 1Q 2024) First quarter 2025 results: EPS: zł0.90 (up from zł0.84 in 1Q 2024). Revenue: zł398.1m (flat on 1Q 2024). Net income: zł19.6m (up 2.5% from 1Q 2024). Profit margin: 4.9% (up from 4.8% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% 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
Selena FM S.A., Annual General Meeting, May 27, 2025 Selena FM S.A., Annual General Meeting, May 27, 2025. Declared Dividend • Apr 28
Dividend increased to zł2.50 Dividend of zł2.50 is 67% higher than last year. Ex-date: 9th June 2025 Payment date: 30th June 2025 Dividend yield will be 6.7%, which is lower than the industry average of 12%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Apr 27
Selena FM S.A. announces Annual dividend, payable on June 30, 2025 Selena FM S.A. announced Annual dividend of PLN 2.5000 per share payable on June 30, 2025, ex-date on June 09, 2025 and record date on June 10, 2025. Reported Earnings • Apr 20
Full year 2024 earnings released: EPS: zł3.97 (vs zł2.19 in FY 2023) Full year 2024 results: EPS: zł3.97 (up from zł2.19 in FY 2023). Revenue: zł1.78b (flat on FY 2023). Net income: zł85.9m (up 71% from FY 2023). Profit margin: 4.8% (up from 2.8% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: zł1.15 (vs zł2.40 in 3Q 2023) Third quarter 2024 results: EPS: zł1.15 (down from zł2.40 in 3Q 2023). Revenue: zł483.0m (down 1.7% from 3Q 2023). Net income: zł24.9m (down 55% from 3Q 2023). Profit margin: 5.2% (down from 11% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Sep 13
Second quarter 2024 earnings released: EPS: zł1.10 (vs zł0.52 in 2Q 2023) Second quarter 2024 results: EPS: zł1.10 (up from zł0.52 in 2Q 2023). Revenue: zł474.2m (up 4.8% from 2Q 2023). Net income: zł25.1m (up 111% from 2Q 2023). Profit margin: 5.3% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: zł0.84 (vs zł0.22 loss in 1Q 2023) First quarter 2024 results: EPS: zł0.84 (up from zł0.22 loss in 1Q 2023). Revenue: zł400.3m (down 2.9% from 1Q 2023). Net income: zł19.1m (up zł24.1m from 1Q 2023). Profit margin: 4.8% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • May 29
Upcoming dividend of zł1.50 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 30 June 2024. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (12%). Annonce • Apr 28
Selena FM S.A., Annual General Meeting, May 23, 2024 Selena FM S.A., Annual General Meeting, May 23, 2024, at 09:00 Central European Standard Time. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: zł0.69 (vs zł4.91 in FY 2022) Full year 2023 results: EPS: zł0.69 (down from zł4.91 in FY 2022). Revenue: zł930.2m (down 53% from FY 2022). Net income: zł15.8m (down 86% from FY 2022). Profit margin: 1.7% (down from 5.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Nov 22
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł491.6m (down 14% from 3Q 2022). Net income: zł54.9m (up 18% from 3Q 2022). Profit margin: 11% (up from 8.2% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Sep 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł452.5m (down 9.3% from 2Q 2022). Net income: zł11.9m (down 49% from 2Q 2022). Profit margin: 2.6% (down from 4.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Annonce • Sep 02
Selena FM S.A. (WSE:SEL) completed the acquisition of 90.1% stake in Imperalum - Sociedade Comercial De Revestimentos E ImpermeabilizaCOes, S.A. from REGRATÓPICO - SGPS, S.A. Selena FM S.A. (WSE:SEL) signed a conditional agreement to acquire 90.1% stake in Imperalum - Sociedade Comercial De Revestimentos E ImpermeabilizaCOes, S.A. from REGRATÓPICO - SGPS, S.A. for €13.5 million on July 26, 2023. The final purchase price will be determined as at the closing date of the transaction by adjusting EV by the value of net debt and by differences in working capital as at that date based on the settlement mechanism provided for in the conditional agreement. The deal is conditional on the approval of the Portuguese anti-trust authority. As on August 31, 2023 The Portuguese anti-trust authority approved the transaction.Selena FM S.A. (WSE:SEL) completed the acquisition of 90.1% stake in Imperalum - Sociedade Comercial De Revestimentos E ImpermeabilizaCOes, S.A. from REGRATÓPICO - SGPS, S.A. on August 31, 2023. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł27.20, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 12x in the Chemicals industry in Poland. Total returns to shareholders of 106% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of zł1.40 per share at 6.0% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 30 June 2023. Trailing yield: 6.0%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (8.8%). Reported Earnings • May 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł412.2m (down 2.2% from 1Q 2022). Net loss: zł5.06m (down 120% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • May 09
Selena FM S.A., Annual General Meeting, May 25, 2023 Selena FM S.A., Annual General Meeting, May 25, 2023, at 10:00 Central European Standard Time. Reported Earnings • Apr 26
Full year 2022 earnings released Full year 2022 results: Revenue: zł1.96b (up 14% from FY 2021). Net income: zł112.1m (up 9.2% from FY 2021). Profit margin: 5.7% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł27.20, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Chemicals industry in Poland. Total returns to shareholders of 79% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł569.0m (up 15% from 3Q 2021). Net income: zł46.4m (up 46% from 3Q 2021). Profit margin: 8.2% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Sep 18
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł499.2m (up 14% from 2Q 2021). Net income: zł23.4m (up 7.6% from 2Q 2021). Profit margin: 4.7% (down from 5.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 03
Full year 2021 earnings released: EPS: zł4.50 (vs zł3.34 in FY 2020) Full year 2021 results: EPS: zł4.50 (up from zł3.34 in FY 2020). Revenue: zł1.73b (up 25% from FY 2020). Net income: zł102.7m (up 35% from FY 2020). Profit margin: 5.9% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł20.90, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Chemicals industry in Poland. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues miss analyst expectations Third quarter 2021 results: Revenue: zł493.1m (up 14% from 3Q 2020). Net income: zł31.7m (down 28% from 3Q 2020). Profit margin: 6.4% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 20
Second quarter 2021 earnings released: EPS zł0.95 (vs zł1.14 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł438.2m (up 37% from 2Q 2020). Net income: zł21.8m (down 17% from 2Q 2020). Profit margin: 5.0% (down from 8.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł1.38b (up 4.4% from FY 2019). Net income: zł76.2m (up 93% from FY 2019). Profit margin: 5.5% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 27
New 90-day high: zł19.30 The company is up 29% from its price of zł15.00 on 28 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: zł19.00 The company is up 34% from its price of zł14.15 on 13 October 2020. The Polish market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: zł18.40 The company is up 26% from its price of zł14.55 on 17 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: zł15.90 The company is up 23% from its price of zł12.90 on 19 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 10.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: zł15.50 The company is up 16% from its price of zł13.40 on 21 July 2020. The Polish market is down 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 12% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of zł50.1m, up 37% from the prior year. Total revenue was zł1.31b over the last 12 months, up 3.7% from the prior year. Is New 90 Day High Low • Sep 18
New 90-day high: zł14.55 The company is up 18% from its price of zł12.30 on 19 June 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 8.0% over the same period.