Erbud（9DP）株式概要エルブドS.A.は子会社とともにポーランド国内および海外で建設事業に従事している。 詳細9DP ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金3/6報酬同業他社や業界と比較して、良好な取引価格 リスク分析6.59%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 過去5年間で収益は年間58.1%減少しました。 意味のある時価総額がありません ( €72M )すべてのリスクチェックを見る9DP Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€5.6582.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-45m4b2016201920222025202620282031Revenue zł3.2bEarnings zł175.1mAdvancedSet Fair ValueView all narrativesErbud S.A. 競合他社BAUERSymbol: HMSE:B5A0Market cap: €256.5mGiveSymbol: HMSE:M4NMarket cap: €19.6mAHT Syngas TechnologySymbol: DB:3SQ1Market cap: €8.2mthyssenkrupp nucera KGaASymbol: XTRA:NCH2Market cap: €958.7m価格と性能株価の高値、安値、推移の概要Erbud過去の株価現在の株価zł5.6552週高値zł8.1552週安値zł5.24ベータ0.721ヶ月の変化-7.07%3ヶ月変化-18.12%1年変化-30.50%3年間の変化-29.20%5年間の変化-62.33%IPOからの変化-38.79%最新ニュースお知らせ • Apr 23Erbud S.A., Annual General Meeting, May 19, 2026Erbud S.A., Annual General Meeting, May 19, 2026, at 16:15 Central European Standard Time.New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 57% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€79.7m market cap, or US$93.6m).お知らせ • Nov 06Erbud S.A. to Report Q3, 2025 Results on Nov 06, 2025Erbud S.A. announced that they will report Q3, 2025 results on Nov 06, 2025お知らせ • Aug 21Erbud S.A. to Report First Half, 2025 Results on Sep 10, 2025Erbud S.A. announced that they will report first half, 2025 results on Sep 10, 2025お知らせ • May 01Erbud S.A., Annual General Meeting, May 27, 2025Erbud S.A., Annual General Meeting, May 27, 2025.Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł771.1m (down 11% from 3Q 2023). Net income: zł5.05m (down 93% from 3Q 2023). Profit margin: 0.7% (down from 7.8% in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.最新情報をもっと見るRecent updatesお知らせ • Apr 23Erbud S.A., Annual General Meeting, May 19, 2026Erbud S.A., Annual General Meeting, May 19, 2026, at 16:15 Central European Standard Time.New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 57% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€79.7m market cap, or US$93.6m).お知らせ • Nov 06Erbud S.A. to Report Q3, 2025 Results on Nov 06, 2025Erbud S.A. announced that they will report Q3, 2025 results on Nov 06, 2025お知らせ • Aug 21Erbud S.A. to Report First Half, 2025 Results on Sep 10, 2025Erbud S.A. announced that they will report first half, 2025 results on Sep 10, 2025お知らせ • May 01Erbud S.A., Annual General Meeting, May 27, 2025Erbud S.A., Annual General Meeting, May 27, 2025.Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł771.1m (down 11% from 3Q 2023). Net income: zł5.05m (down 93% from 3Q 2023). Profit margin: 0.7% (down from 7.8% in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • Sep 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 76% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (140% payout ratio). Large one-off items impacting financial results.New Risk • Sep 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.5m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€88.5m market cap, or US$98.0m).Reported Earnings • Sep 11Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł689.2m (down 20% from 2Q 2023). Net loss: zł8.34m (down 341% from profit in 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Declared Dividend • May 19Dividend of zł1.68 announcedShareholders will receive a dividend of zł1.68. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 17%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (200% earnings payout ratio). However, it is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 123% to bring the payout ratio under control. However, EPS has declined by 6.0% over the last 5 years so the company would need to reverse this trend.Upcoming Dividend • May 14Upcoming dividend of zł1.68 per shareEligible shareholders must have bought the stock before 21 May 2024. Payment date: 04 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.8%).Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł644.3m (down 11% from 1Q 2023). Net income: zł2.76m (up zł16.2m from 1Q 2023). Profit margin: 0.4% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year.お知らせ • Apr 23Erbud S.A., Annual General Meeting, May 17, 2024Erbud S.A., Annual General Meeting, May 17, 2024, at 14:00 Central European Standard Time. Location: UL. FRANCISZKA KLIMCZAKA 1 Warsaw Poland Agenda: To consider the report on the Activities of ERBUD S.A. Supervisory Board in the financial year ended on 31 December 2023; to consider the distribution of the profit generated in the financial year ended on 31 December 2023; to consider granting a vote of approval to the members of the Management Board for the performance of their duties in the financial year ended on 31 December 2023; to consider the granting a vote of approval to the members of the Supervisory Board for the performance of their duties in the financial year ended on 31 December 2023; to amend the company's Statutes; to approve the uniform text of the company's Statutes; to consider the appointment of new members of the company's Supervisory Board; and to consider other matters.New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (200% payout ratio). Large one-off items impacting financial results.Reported Earnings • Mar 28Full year 2023 earnings releasedFull year 2023 results: Revenue: zł3.23b (down 16% from FY 2022). Net income: zł10.0m (up 21% from FY 2022). Profit margin: 0.3% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €10.60, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 47% over the past year.お知らせ • Jan 10+ 3 more updatesErbud S.A. to Report Q1, 2024 Results on May 08, 2024Erbud S.A. announced that they will report Q1, 2024 results on May 08, 2024お知らせ • Jan 04Erbud S.A. (WSE:ERB) acquired CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR).Erbud S.A. (WSE:ERB) acquired CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR) on January 3, 2024. Upon completion, CKTiS has employed 130 people. Erbud S.A. (WSE:ERB) completed the acquisition of CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR) on January 3, 2024.New Risk • Dec 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.8m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 43x earnings per share). Market cap is less than US$100m (€91.8m market cap, or US$99.9m).Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł865.0m (down 14% from 3Q 2022). Net income: zł67.6m (up zł64.7m from 3Q 2022). Profit margin: 7.8% (up from 0.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 7.3%.Reported Earnings • Sep 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł861.6m (down 16% from 2Q 2022). Net income: zł3.47m (up zł5.03m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 8.8%.お知らせ • May 09Erbud S.A., Annual General Meeting, May 22, 2023Erbud S.A., Annual General Meeting, May 22, 2023, at 15:30 Central European Standard Time.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €8.80, the stock trades at a trailing P/E ratio of 60.7x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 11% over the past year.お知らせ • Jan 12+ 3 more updatesErbud S.A. to Report First Half, 2023 Results on Sep 06, 2023Erbud S.A. announced that they will report first half, 2023 results on Sep 06, 2023Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.64, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 10x in the Construction industry in Germany. Total loss to shareholders of 50% over the past year.Reported Earnings • Nov 09Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł1.01b (up 14% from 3Q 2021). Net income: zł3.33m (up zł27.2m from 3Q 2021). Profit margin: 0.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł763.9m (up 42% from 1Q 2021). Net income: zł179.0k (up zł7.61m from 1Q 2021). Profit margin: 0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue.お知らせ • Apr 26Erbud S.A., Annual General Meeting, May 20, 2022Erbud S.A., Annual General Meeting, May 20, 2022, at 13:00 Central European Standard Time.Reported Earnings • Apr 10Full year 2021 earnings releasedFull year 2021 results: Revenue: zł3.10b (up 39% from FY 2020). Net income: zł8.79m (down 81% from FY 2020). Profit margin: 0.3% (down from 2.1% in FY 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: zł881.0m (up 69% from 3Q 2020). Net loss: zł23.9m (down 207% from profit in 3Q 2020).Reported Earnings • Sep 04Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł754.1m (up 17% from 2Q 2020). Net income: zł21.4m (up 83% from 2Q 2020). Profit margin: 2.8% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł21.30, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €26.12 per share.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improved over the past weekAfter last week's 18% share price gain to zł17.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €21.23 per share.お知らせ • Jun 03Erbud S.A. (WSE:ERB) acquired Bilfinger Rohrleitungsbau GmbH.Erbud S.A. (WSE:ERB) acquired Bilfinger Rohrleitungsbau GmbH from Bilfinger Berger Industrial Services GmbH on June 1, 2021. Bilfinger will operate under the name IKR in the Erbud Group. Bilfinger generated revenue of €39.3 million in 2020. Bern König will retain the position of president, Andreas Schmitz, president of the service company IVT Weiner + Reimann GmbH from Oberhausen, taken over by ERBUD in 2018, will join the management board. Erbud S.A. (WSE:ERB) completed the acquisition of Bilfinger Rohrleitungsbau GmbH from Bilfinger Berger Industrial Services GmbH on June 1, 2021. Manfred Steinborn, Fabian Kinalzik of RSM GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft acted as legal advisor and Nils Wördemann, Jörg Zerhusen of RWP Rechtsanwälte acted as legal advisors to Erbud S.A in the deal. Ulrich Schneider, Christoph Studinka, John Jürgens of Proventis Partners GmbH acted as financial advisors to Bilfinger SE. Benjamin Parameswaran, Christoph Dachner, Semin ODLA Piper acted as legal advisor for Bilfinger Berger Industrial. Clairfield International LLC acted as financial advisor to Erbud S.A.Reported Earnings • May 15First quarter 2021 earnings released: EPS zł1.51 (vs zł0.041 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł536.7m (up 22% from 1Q 2020). Net income: zł19.3m (up zł19.8m from 1Q 2020). Profit margin: 3.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue.Reported Earnings • Apr 10Full year 2020 earnings released: EPS zł3.65 (vs zł2.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.23b (down 3.7% from FY 2019). Net income: zł46.7m (up 39% from FY 2019). Profit margin: 2.1% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses.株主還元9DPDE ConstructionDE 市場7D0.9%-3.9%-2.9%1Y-30.5%163.7%-0.8%株主還元を見る業界別リターン: 9DP過去 1 年間で163.7 % の収益を上げたGerman Construction業界を下回りました。リターン対市場: 9DPは、過去 1 年間で-0.8 % のリターンを上げたGerman市場を下回りました。価格変動Is 9DP's price volatile compared to industry and market?9DP volatility9DP Average Weekly Movement6.5%Construction Industry Average Movement5.1%Market Average Movement5.9%10% most volatile stocks in DE Market13.0%10% least volatile stocks in DE Market2.7%安定した株価: 9DP 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 9DPの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19902,685Dariusz Grzeszczakwww.erbud.plエルブドS A.は、その子会社とともに、ポーランド国内および海外で建設事業に従事している。ホテル、オフィスビル、学校、住宅、ショッピングセンター、病院、アパート、公共施設、産業施設などを建設している。また、太陽光発電所や風力発電所などの再生可能エネルギーの設計・建設や、運転・保守サービスも行っている。さらに、道路工学、再生可能エネルギー、エンジニアリングサービス、サポートサービス、管理サービス、スポーツ、エンターテインメント、レジャーサービス、木造モジュラー建築、コンサルティング、設計サービス、産業建築におけるメンテナンスサービスも提供している。また、再生可能エネルギー源の開発請負事業も行っている。同社は1990年に設立され、ポーランドのワルシャワを拠点としている。もっと見るErbud S.A. 基礎のまとめErbud の収益と売上を時価総額と比較するとどうか。9DP 基礎統計学時価総額€71.70m収益（TTM）-€9.68m売上高(TTM)€733.40m0.1xP/Sレシオ-7.4xPER（株価収益率9DP は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計9DP 損益計算書（TTM）収益zł3.11b売上原価zł2.85b売上総利益zł263.07mその他の費用zł304.14m収益-zł41.07m直近の収益報告Mar 31, 2026次回決算日Sep 10, 2026一株当たり利益（EPS）-3.44グロス・マージン8.45%純利益率-1.32%有利子負債／自己資本比率51.2%9DP の長期的なパフォーマンスは？過去の実績と比較を見る配当金6.6%現在の配当利回り-41%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 13:13終値2026/06/09 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Erbud S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Kamil KliszczBiuro maklerskie mBankuPawel PuchalskiErste Bank Polska S.A.Tomasz SokolowskiErste Bank Polska S.A.6 その他のアナリストを表示
お知らせ • Apr 23Erbud S.A., Annual General Meeting, May 19, 2026Erbud S.A., Annual General Meeting, May 19, 2026, at 16:15 Central European Standard Time.
New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 57% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€79.7m market cap, or US$93.6m).
お知らせ • Nov 06Erbud S.A. to Report Q3, 2025 Results on Nov 06, 2025Erbud S.A. announced that they will report Q3, 2025 results on Nov 06, 2025
お知らせ • Aug 21Erbud S.A. to Report First Half, 2025 Results on Sep 10, 2025Erbud S.A. announced that they will report first half, 2025 results on Sep 10, 2025
お知らせ • May 01Erbud S.A., Annual General Meeting, May 27, 2025Erbud S.A., Annual General Meeting, May 27, 2025.
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł771.1m (down 11% from 3Q 2023). Net income: zł5.05m (down 93% from 3Q 2023). Profit margin: 0.7% (down from 7.8% in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
お知らせ • Apr 23Erbud S.A., Annual General Meeting, May 19, 2026Erbud S.A., Annual General Meeting, May 19, 2026, at 16:15 Central European Standard Time.
New Risk • Dec 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 57% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (€79.7m market cap, or US$93.6m).
お知らせ • Nov 06Erbud S.A. to Report Q3, 2025 Results on Nov 06, 2025Erbud S.A. announced that they will report Q3, 2025 results on Nov 06, 2025
お知らせ • Aug 21Erbud S.A. to Report First Half, 2025 Results on Sep 10, 2025Erbud S.A. announced that they will report first half, 2025 results on Sep 10, 2025
お知らせ • May 01Erbud S.A., Annual General Meeting, May 27, 2025Erbud S.A., Annual General Meeting, May 27, 2025.
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł771.1m (down 11% from 3Q 2023). Net income: zł5.05m (down 93% from 3Q 2023). Profit margin: 0.7% (down from 7.8% in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • Sep 24New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 76% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (140% payout ratio). Large one-off items impacting financial results.
New Risk • Sep 12New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €88.5m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€88.5m market cap, or US$98.0m).
Reported Earnings • Sep 11Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł689.2m (down 20% from 2Q 2023). Net loss: zł8.34m (down 341% from profit in 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Declared Dividend • May 19Dividend of zł1.68 announcedShareholders will receive a dividend of zł1.68. Ex-date: 21st May 2024 Payment date: 4th June 2024 Dividend yield will be 17%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (200% earnings payout ratio). However, it is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 123% to bring the payout ratio under control. However, EPS has declined by 6.0% over the last 5 years so the company would need to reverse this trend.
Upcoming Dividend • May 14Upcoming dividend of zł1.68 per shareEligible shareholders must have bought the stock before 21 May 2024. Payment date: 04 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.8%).
Reported Earnings • May 09First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł644.3m (down 11% from 1Q 2023). Net income: zł2.76m (up zł16.2m from 1Q 2023). Profit margin: 0.4% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year.
お知らせ • Apr 23Erbud S.A., Annual General Meeting, May 17, 2024Erbud S.A., Annual General Meeting, May 17, 2024, at 14:00 Central European Standard Time. Location: UL. FRANCISZKA KLIMCZAKA 1 Warsaw Poland Agenda: To consider the report on the Activities of ERBUD S.A. Supervisory Board in the financial year ended on 31 December 2023; to consider the distribution of the profit generated in the financial year ended on 31 December 2023; to consider granting a vote of approval to the members of the Management Board for the performance of their duties in the financial year ended on 31 December 2023; to consider the granting a vote of approval to the members of the Supervisory Board for the performance of their duties in the financial year ended on 31 December 2023; to amend the company's Statutes; to approve the uniform text of the company's Statutes; to consider the appointment of new members of the company's Supervisory Board; and to consider other matters.
New Risk • Apr 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (200% payout ratio). Large one-off items impacting financial results.
Reported Earnings • Mar 28Full year 2023 earnings releasedFull year 2023 results: Revenue: zł3.23b (down 16% from FY 2022). Net income: zł10.0m (up 21% from FY 2022). Profit margin: 0.3% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €10.60, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 47% over the past year.
お知らせ • Jan 10+ 3 more updatesErbud S.A. to Report Q1, 2024 Results on May 08, 2024Erbud S.A. announced that they will report Q1, 2024 results on May 08, 2024
お知らせ • Jan 04Erbud S.A. (WSE:ERB) acquired CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR).Erbud S.A. (WSE:ERB) acquired CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR) on January 3, 2024. Upon completion, CKTiS has employed 130 people. Erbud S.A. (WSE:ERB) completed the acquisition of CKTiS Spólka Akcyjna from Termo-Rex S.A. (WSE:TRR) on January 3, 2024.
New Risk • Dec 01New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.8m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 43x earnings per share). Market cap is less than US$100m (€91.8m market cap, or US$99.9m).
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł865.0m (down 14% from 3Q 2022). Net income: zł67.6m (up zł64.7m from 3Q 2022). Profit margin: 7.8% (up from 0.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 7.3%.
Reported Earnings • Sep 08Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł861.6m (down 16% from 2Q 2022). Net income: zł3.47m (up zł5.03m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 8.8%.
お知らせ • May 09Erbud S.A., Annual General Meeting, May 22, 2023Erbud S.A., Annual General Meeting, May 22, 2023, at 15:30 Central European Standard Time.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €8.80, the stock trades at a trailing P/E ratio of 60.7x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 11% over the past year.
お知らせ • Jan 12+ 3 more updatesErbud S.A. to Report First Half, 2023 Results on Sep 06, 2023Erbud S.A. announced that they will report first half, 2023 results on Sep 06, 2023
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.64, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 10x in the Construction industry in Germany. Total loss to shareholders of 50% over the past year.
Reported Earnings • Nov 09Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł1.01b (up 14% from 3Q 2021). Net income: zł3.33m (up zł27.2m from 3Q 2021). Profit margin: 0.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue.
Reported Earnings • May 12First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł763.9m (up 42% from 1Q 2021). Net income: zł179.0k (up zł7.61m from 1Q 2021). Profit margin: 0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue.
お知らせ • Apr 26Erbud S.A., Annual General Meeting, May 20, 2022Erbud S.A., Annual General Meeting, May 20, 2022, at 13:00 Central European Standard Time.
Reported Earnings • Apr 10Full year 2021 earnings releasedFull year 2021 results: Revenue: zł3.10b (up 39% from FY 2020). Net income: zł8.79m (down 81% from FY 2020). Profit margin: 0.3% (down from 2.1% in FY 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: zł881.0m (up 69% from 3Q 2020). Net loss: zł23.9m (down 207% from profit in 3Q 2020).
Reported Earnings • Sep 04Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł754.1m (up 17% from 2Q 2020). Net income: zł21.4m (up 83% from 2Q 2020). Profit margin: 2.8% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł21.30, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €26.12 per share.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improved over the past weekAfter last week's 18% share price gain to zł17.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €21.23 per share.
お知らせ • Jun 03Erbud S.A. (WSE:ERB) acquired Bilfinger Rohrleitungsbau GmbH.Erbud S.A. (WSE:ERB) acquired Bilfinger Rohrleitungsbau GmbH from Bilfinger Berger Industrial Services GmbH on June 1, 2021. Bilfinger will operate under the name IKR in the Erbud Group. Bilfinger generated revenue of €39.3 million in 2020. Bern König will retain the position of president, Andreas Schmitz, president of the service company IVT Weiner + Reimann GmbH from Oberhausen, taken over by ERBUD in 2018, will join the management board. Erbud S.A. (WSE:ERB) completed the acquisition of Bilfinger Rohrleitungsbau GmbH from Bilfinger Berger Industrial Services GmbH on June 1, 2021. Manfred Steinborn, Fabian Kinalzik of RSM GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft acted as legal advisor and Nils Wördemann, Jörg Zerhusen of RWP Rechtsanwälte acted as legal advisors to Erbud S.A in the deal. Ulrich Schneider, Christoph Studinka, John Jürgens of Proventis Partners GmbH acted as financial advisors to Bilfinger SE. Benjamin Parameswaran, Christoph Dachner, Semin ODLA Piper acted as legal advisor for Bilfinger Berger Industrial. Clairfield International LLC acted as financial advisor to Erbud S.A.
Reported Earnings • May 15First quarter 2021 earnings released: EPS zł1.51 (vs zł0.041 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł536.7m (up 22% from 1Q 2020). Net income: zł19.3m (up zł19.8m from 1Q 2020). Profit margin: 3.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue.
Reported Earnings • Apr 10Full year 2020 earnings released: EPS zł3.65 (vs zł2.63 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.23b (down 3.7% from FY 2019). Net income: zł46.7m (up 39% from FY 2019). Profit margin: 2.1% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses.
