Declared Dividend • May 20
Dividend of zł2.50 announced Shareholders will receive a dividend of zł2.50. Ex-date: 8th June 2026 Payment date: 30th June 2026 Dividend yield will be 23%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (36% 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 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • 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 08
Now 21% undervalued Over the last 90 days, the stock has risen 59% to €13.90. The fair value is estimated to be €17.56, 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. お知らせ • 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. お知らせ • 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 お知らせ • 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. お知らせ • Apr 28
Selena FM S.A., Annual General Meeting, May 27, 2025 Selena FM S.A., Annual General Meeting, May 27, 2025. お知らせ • 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 • Sep 14
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 13% 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 German dividend payers (4.6%). Lower than average of industry peers (5.0%). New Risk • May 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 cash flows (119% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). お知らせ • 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 16% 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. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.22, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 82% over the past year. 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. お知らせ • 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 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.84, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 40% over the past year. New Risk • Aug 07
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). 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). お知らせ • 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 27
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. Buying Opportunity • Apr 26
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €6.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 38%. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.40, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 1.9% over the past year. 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. お知らせ • May 07
Selena FM S.A., Annual General Meeting, Jun 02, 2022 Selena FM S.A., Annual General Meeting, Jun 02, 2022. 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. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 17% share price gain to €5.22, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 30% over the past year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to €4.56, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 11x in the Chemicals industry in Germany. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.48, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 10x in the Chemicals industry in Germany. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.48, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 10x in the Chemicals industry in Germany. 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%. 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. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 16% share price gain to zł5.62, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 25x in the Chemicals industry in Germany. 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.