View ValuationForbuild 将来の成長Future 基準チェック /06現在、 Forbuildの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Construction 収益成長10.9%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • 9hInvestor sentiment improves as stock rises 15%After last week's 15% share price gain to zł5.00, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 19x in the Construction industry in Poland. Total returns to shareholders of 30% over the past three years.お知らせ • May 27Forbuild SA, Annual General Meeting, Jun 25, 2026Forbuild SA, Annual General Meeting, Jun 25, 2026, at 11:00 Central European Standard Time.Declared Dividend • May 24Dividend reduced to zł0.20Dividend of zł0.20 is 39% lower than last year. Ex-date: 7th July 2026 Payment date: 15th July 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (292% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 7 years. However, payments have been volatile during that time.お知らせ • May 22Forbuild SA announces Annual dividend, payable on July 15, 2026Forbuild SA announced Annual dividend of PLN 0.2000 per share payable on July 15, 2026, ex-date on July 07, 2026 and record date on July 08, 2026.お知らせ • Feb 10Forbuild SA to Report Q4, 2025 Results on Feb 13, 2026Forbuild SA announced that they will report Q4, 2025 results on Feb 13, 2026分析記事 • Nov 23Forbuild's (WSE:FRB) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from Forbuild SA ( WSE:FRB ) last week didn't sink the stock price. Our analysis...Reported Earnings • Nov 18Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł26.2m (up 2.0% from 3Q 2024). Net income: zł931.0k (down 33% from 3Q 2024). Profit margin: 3.5% (down from 5.4% in 3Q 2024). The decrease in margin was driven by higher expenses.お知らせ • Nov 13Forbuild SA to Report Q3, 2025 Results on Nov 14, 2025Forbuild SA announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł26.4m (down 7.5% from 2Q 2024). Net income: zł755.0k (down 44% from 2Q 2024). Profit margin: 2.9% (down from 4.7% in 2Q 2024). The decrease in margin was driven by lower revenue.Upcoming Dividend • Jun 30Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Polish dividend payers (7.0%). In line with average of industry peers (4.0%).お知らせ • May 28Forbuild SA, Annual General Meeting, Jun 30, 2025Forbuild SA, Annual General Meeting, Jun 30, 2025.分析記事 • May 24We Think That There Are More Issues For Forbuild (WSE:FRB) Than Just Sluggish EarningsThe market shrugged off Forbuild SA's ( WSE:FRB ) weak earnings report last week. We looked at the details, and we...Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł26.6m (up 11% from 1Q 2024). Net income: zł1.38m (down 13% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses.Declared Dividend • May 17Dividend reduced to zł0.20Dividend of zł0.20 is 33% lower than last year. Ex-date: 7th July 2025 Payment date: 15th July 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.お知らせ • May 15Forbuild SA announces Annual dividend, payable on July 15, 2025Forbuild SA announced Annual dividend of PLN 0.2000 per share payable on July 15, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.分析記事 • Nov 22We Think Forbuild's (WSE:FRB) Healthy Earnings Might Be ConservativeForbuild SA ( WSE:FRB ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...Reported Earnings • Aug 17Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł28.5m (up 12% from 2Q 2023). Net income: zł1.35m (up 53% from 2Q 2023). Profit margin: 4.7% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue.Upcoming Dividend • Jul 02Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 09 July 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (4.5%).お知らせ • Jun 05Forbuild SA, Annual General Meeting, Jun 26, 2024Forbuild SA, Annual General Meeting, Jun 26, 2024.Buy Or Sell Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.0% to zł4.80. The fair value is estimated to be zł6.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł5.10, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 72% over the past three years.Reported Earnings • Apr 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł24.0m (down 4.0% from 1Q 2023). Net income: zł1.58m (up 109% from 1Q 2023). Profit margin: 6.6% (up from 3.0% in 1Q 2023). The increase in margin was driven by lower expenses.分析記事 • Feb 22Why Forbuild's (WSE:BTX) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from Forbuild SA ( WSE:BTX ) last week didn't sink the stock price. Our analysis...Reported Earnings • Feb 16Full year 2023 earnings releasedFull year 2023 results: Revenue: zł103.6m (down 14% from FY 2022). Net income: zł4.37m (down 62% from FY 2022). Profit margin: 4.2% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue.お知らせ • Jan 06+ 4 more updatesForbuild SA to Report Q3, 2024 Results on Nov 14, 2024Forbuild SA announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Nov 18Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł27.3m (down 13% from 3Q 2022). Net income: zł2.38m (down 22% from 3Q 2022). Profit margin: 8.7% (down from 9.7% in 3Q 2022). The decrease in margin was driven by lower revenue.New Risk • Sep 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (zł65.7m market cap, or US$15.8m).New Risk • Aug 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (zł65.7m market cap, or US$16.0m).Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł25.5m (down 29% from 2Q 2022). Net income: zł884.0k (down 82% from 2Q 2022). Profit margin: 3.5% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł5.50, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 67% over the past three years.Upcoming Dividend • Jun 29Upcoming dividend of zł0.42 per share at 7.8% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 14 July 2023. Trailing yield: 7.8%. Within top quartile of Polish dividend payers (7.2%). Higher than average of industry peers (5.0%).お知らせ • Jun 13Forbuild SA, Annual General Meeting, Jun 30, 2023Forbuild SA, Annual General Meeting, Jun 30, 2023, at 11:00 Central European Standard Time.分析記事 • Mar 23Does Forbuild (WSE:BTX) Deserve A Spot On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Reported Earnings • Feb 16Full year 2022 earnings releasedFull year 2022 results: Revenue: zł120.2m (up 13% from FY 2021). Net income: zł12.1m (up 19% from FY 2021). Profit margin: 10.0% (in line with FY 2021).お知らせ • Jan 20+ 3 more updatesForbuild SA to Report Q3, 2023 Results on Nov 14, 2023Forbuild SA announced that they will report Q3, 2023 results on Nov 14, 2023分析記事 • Dec 29Forbuild (WSE:BTX) Knows How To Allocate Capital EffectivelyWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Buying Opportunity • Dec 27Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł4.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Nov 20Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł31.4m (up 4.0% from 3Q 2021). Net income: zł3.06m (down 31% from 3Q 2021). Profit margin: 9.7% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Jun 16Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 46% and the cash payout ratio is 80%. Trailing yield: 6.6%. Lower than top quartile of Polish dividend payers (8.3%). Lower than average of industry peers (7.9%).お知らせ • May 24Forbuild SA, Annual General Meeting, Jun 17, 2022Forbuild SA, Annual General Meeting, Jun 17, 2022, at 11:00 Central European Standard Time.Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł28.3m (up 40% from 1Q 2021). Net income: zł3.07m (up 205% from 1Q 2021). Profit margin: 11% (up from 5.0% in 1Q 2021). The increase in margin was driven by higher revenue.分析記事 • May 17Forbuild (WSE:BTX) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Reported Earnings • Feb 17Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: zł106.9m (up 27% from FY 2020). Net income: zł10.2m (up 85% from FY 2020). Profit margin: 9.6% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 51% share price gain to zł6.70, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 339% over the past three years.Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł30.2m (up 55% from 3Q 2020). Net income: zł4.40m (up zł4.31m from 3Q 2020). Profit margin: 15% (up from 0.5% in 3Q 2020). The increase in margin was driven by higher revenue.分析記事 • Nov 15There Are Reasons To Feel Uneasy About Forbuild's (WSE:BTX) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Reported Earnings • Aug 21Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł27.1m (up 29% from 2Q 2020). Net income: zł2.54m (up 28% from 2Q 2020). Profit margin: 9.4% (in line with 2Q 2020).Upcoming Dividend • Jun 17Upcoming dividend of zł0.18 per shareEligible shareholders must have bought the stock before 24 June 2021. Payment date: 02 July 2021. Trailing yield: 4.2%. Lower than top quartile of Polish dividend payers (5.8%). Higher than average of industry peers (3.5%).Valuation Update With 7 Day Price Move • May 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.50, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 255% over the past three years.Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł20.3m (down 14% from 1Q 2020). Net income: zł1.01m (down 67% from 1Q 2020). Profit margin: 5.0% (down from 13% in 1Q 2020). The decrease in margin was driven by lower revenue.分析記事 • Mar 29Is Forbuild SA (WSE:BTX) A Good Fit For Your Dividend Portfolio?Dividend paying stocks like Forbuild SA ( WSE:BTX ) tend to be popular with investors, and for good reason - some...分析記事 • Mar 03The Trends At Forbuild (WSE:BTX) That You Should Know AboutIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Feb 20Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: zł84.4m (down 8.4% from FY 2019). Net income: zł5.41m (down 30% from FY 2019). Profit margin: 6.4% (down from 8.4% in FY 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Feb 10New 90-day high: zł3.80The company is up 8.0% from its price of zł3.52 on 12 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 35% over the same period.お知らせ • Jan 30+ 4 more updatesForbuild SA to Report Q2, 2021 Results on Aug 16, 2021Forbuild SA announced that they will report Q2, 2021 results on Aug 16, 2021分析記事 • Jan 10With EPS Growth And More, Forbuild (WSE:BTX) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...分析記事 • Dec 06Is Forbuild SA (WSE:BTX) A Good Fit For Your Dividend Portfolio?Dividend paying stocks like Forbuild SA ( WSE:BTX ) tend to be popular with investors, and for good reason - some...Valuation Update With 7 Day Price Move • Nov 18Market pulls back on stock over the past weekAfter last week's 17% share price decline to zł3.02, the stock is trading at a trailing P/E ratio of 5.2x, down from the previous P/E ratio of 6.2x. This compares to an average P/E of 7x in the Construction industry in Poland. Total returns to shareholders over the past three years are 119%.Is New 90 Day High Low • Nov 16New 90-day low: zł3.30The company is down 7.0% from its price of zł3.54 on 18 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 5.0% over the same period. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Forbuild は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測WSE:FRB - アナリストの将来予測と過去の財務データ ( )PLN Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202697212N/A12/31/2025101346N/A9/30/2025104435N/A6/30/2025104457N/A3/31/202510651113N/A12/31/2024103578N/A9/30/202410451214N/A6/30/202410662225N/A3/31/2024103558N/A12/31/20231044213N/A9/30/20231025-28N/A6/30/20231065-11-2N/A3/31/20231169-37N/A12/31/20221201124N/A9/30/20221251335N/A6/30/20221241513N/A3/31/20221151257N/A12/31/20211071068N/A9/30/2021988911N/A6/30/202187478N/A3/31/20218131111N/A12/31/20208461213N/A9/30/20208671111N/A6/30/20209191415N/A3/31/20209291112N/A12/31/2019928N/A10N/A9/30/2019946N/A8N/A6/30/2019976N/A9N/A3/31/20191017N/A7N/A12/31/2018996N/A10N/A9/30/2018976N/A13N/A6/30/2018926N/A8N/A3/31/2018864N/A12N/A12/31/2017834N/A10N/A9/30/2017804N/A9N/A6/30/2017783N/A9N/A3/31/2017792N/A6N/A12/31/2016762N/A2N/A9/30/2016751N/A-1N/A6/30/2016751N/A-1N/A3/31/2016722N/A0N/A12/31/2015722N/A3N/A9/30/2015724N/A-5N/A6/30/2015675N/A5N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: FRBの予測収益成長が 貯蓄率 ( 5.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: FRBの収益がPolish市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: FRBの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: FRBの収益がPolish市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: FRBの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: FRBの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance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2026/06/26 23:06終値2026/06/26 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Forbuild SA 0 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。0
Valuation Update With 7 Day Price Move • 9hInvestor sentiment improves as stock rises 15%After last week's 15% share price gain to zł5.00, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 19x in the Construction industry in Poland. Total returns to shareholders of 30% over the past three years.
お知らせ • May 27Forbuild SA, Annual General Meeting, Jun 25, 2026Forbuild SA, Annual General Meeting, Jun 25, 2026, at 11:00 Central European Standard Time.
Declared Dividend • May 24Dividend reduced to zł0.20Dividend of zł0.20 is 39% lower than last year. Ex-date: 7th July 2026 Payment date: 15th July 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (292% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 7 years. However, payments have been volatile during that time.
お知らせ • May 22Forbuild SA announces Annual dividend, payable on July 15, 2026Forbuild SA announced Annual dividend of PLN 0.2000 per share payable on July 15, 2026, ex-date on July 07, 2026 and record date on July 08, 2026.
お知らせ • Feb 10Forbuild SA to Report Q4, 2025 Results on Feb 13, 2026Forbuild SA announced that they will report Q4, 2025 results on Feb 13, 2026
分析記事 • Nov 23Forbuild's (WSE:FRB) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsA lackluster earnings announcement from Forbuild SA ( WSE:FRB ) last week didn't sink the stock price. Our analysis...
Reported Earnings • Nov 18Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł26.2m (up 2.0% from 3Q 2024). Net income: zł931.0k (down 33% from 3Q 2024). Profit margin: 3.5% (down from 5.4% in 3Q 2024). The decrease in margin was driven by higher expenses.
お知らせ • Nov 13Forbuild SA to Report Q3, 2025 Results on Nov 14, 2025Forbuild SA announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł26.4m (down 7.5% from 2Q 2024). Net income: zł755.0k (down 44% from 2Q 2024). Profit margin: 2.9% (down from 4.7% in 2Q 2024). The decrease in margin was driven by lower revenue.
Upcoming Dividend • Jun 30Upcoming dividend of zł0.20 per shareEligible shareholders must have bought the stock before 07 July 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Polish dividend payers (7.0%). In line with average of industry peers (4.0%).
お知らせ • May 28Forbuild SA, Annual General Meeting, Jun 30, 2025Forbuild SA, Annual General Meeting, Jun 30, 2025.
分析記事 • May 24We Think That There Are More Issues For Forbuild (WSE:FRB) Than Just Sluggish EarningsThe market shrugged off Forbuild SA's ( WSE:FRB ) weak earnings report last week. We looked at the details, and we...
Reported Earnings • May 18First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł26.6m (up 11% from 1Q 2024). Net income: zł1.38m (down 13% from 1Q 2024). Profit margin: 5.2% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses.
Declared Dividend • May 17Dividend reduced to zł0.20Dividend of zł0.20 is 33% lower than last year. Ex-date: 7th July 2025 Payment date: 15th July 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (53% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS has declined by 6.2% over the last 5 years so the company would need to reverse this trend.
お知らせ • May 15Forbuild SA announces Annual dividend, payable on July 15, 2025Forbuild SA announced Annual dividend of PLN 0.2000 per share payable on July 15, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.
分析記事 • Nov 22We Think Forbuild's (WSE:FRB) Healthy Earnings Might Be ConservativeForbuild SA ( WSE:FRB ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...
Reported Earnings • Aug 17Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł28.5m (up 12% from 2Q 2023). Net income: zł1.35m (up 53% from 2Q 2023). Profit margin: 4.7% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue.
Upcoming Dividend • Jul 02Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 09 July 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (4.5%).
お知らせ • Jun 05Forbuild SA, Annual General Meeting, Jun 26, 2024Forbuild SA, Annual General Meeting, Jun 26, 2024.
Buy Or Sell Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.0% to zł4.80. The fair value is estimated to be zł6.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł5.10, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Apr 19First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł24.0m (down 4.0% from 1Q 2023). Net income: zł1.58m (up 109% from 1Q 2023). Profit margin: 6.6% (up from 3.0% in 1Q 2023). The increase in margin was driven by lower expenses.
分析記事 • Feb 22Why Forbuild's (WSE:BTX) Shaky Earnings Are Just The Beginning Of Its ProblemsA lackluster earnings announcement from Forbuild SA ( WSE:BTX ) last week didn't sink the stock price. Our analysis...
Reported Earnings • Feb 16Full year 2023 earnings releasedFull year 2023 results: Revenue: zł103.6m (down 14% from FY 2022). Net income: zł4.37m (down 62% from FY 2022). Profit margin: 4.2% (down from 9.6% in FY 2022). The decrease in margin was driven by lower revenue.
お知らせ • Jan 06+ 4 more updatesForbuild SA to Report Q3, 2024 Results on Nov 14, 2024Forbuild SA announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Nov 18Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł27.3m (down 13% from 3Q 2022). Net income: zł2.38m (down 22% from 3Q 2022). Profit margin: 8.7% (down from 9.7% in 3Q 2022). The decrease in margin was driven by lower revenue.
New Risk • Sep 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (zł65.7m market cap, or US$15.8m).
New Risk • Aug 18New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (zł65.7m market cap, or US$16.0m).
Reported Earnings • Aug 17Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł25.5m (down 29% from 2Q 2022). Net income: zł884.0k (down 82% from 2Q 2022). Profit margin: 3.5% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł5.50, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 67% over the past three years.
Upcoming Dividend • Jun 29Upcoming dividend of zł0.42 per share at 7.8% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 14 July 2023. Trailing yield: 7.8%. Within top quartile of Polish dividend payers (7.2%). Higher than average of industry peers (5.0%).
お知らせ • Jun 13Forbuild SA, Annual General Meeting, Jun 30, 2023Forbuild SA, Annual General Meeting, Jun 30, 2023, at 11:00 Central European Standard Time.
分析記事 • Mar 23Does Forbuild (WSE:BTX) Deserve A Spot On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Reported Earnings • Feb 16Full year 2022 earnings releasedFull year 2022 results: Revenue: zł120.2m (up 13% from FY 2021). Net income: zł12.1m (up 19% from FY 2021). Profit margin: 10.0% (in line with FY 2021).
お知らせ • Jan 20+ 3 more updatesForbuild SA to Report Q3, 2023 Results on Nov 14, 2023Forbuild SA announced that they will report Q3, 2023 results on Nov 14, 2023
分析記事 • Dec 29Forbuild (WSE:BTX) Knows How To Allocate Capital EffectivelyWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Buying Opportunity • Dec 27Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be zł4.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Nov 20Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł31.4m (up 4.0% from 3Q 2021). Net income: zł3.06m (down 31% from 3Q 2021). Profit margin: 9.7% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Jun 16Upcoming dividend of zł0.30 per shareEligible shareholders must have bought the stock before 23 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 46% and the cash payout ratio is 80%. Trailing yield: 6.6%. Lower than top quartile of Polish dividend payers (8.3%). Lower than average of industry peers (7.9%).
お知らせ • May 24Forbuild SA, Annual General Meeting, Jun 17, 2022Forbuild SA, Annual General Meeting, Jun 17, 2022, at 11:00 Central European Standard Time.
Reported Earnings • May 20First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł28.3m (up 40% from 1Q 2021). Net income: zł3.07m (up 205% from 1Q 2021). Profit margin: 11% (up from 5.0% in 1Q 2021). The increase in margin was driven by higher revenue.
分析記事 • May 17Forbuild (WSE:BTX) Shareholders Will Want The ROCE Trajectory To ContinueIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Reported Earnings • Feb 17Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: zł106.9m (up 27% from FY 2020). Net income: zł10.2m (up 85% from FY 2020). Profit margin: 9.6% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 51% share price gain to zł6.70, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 339% over the past three years.
Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł30.2m (up 55% from 3Q 2020). Net income: zł4.40m (up zł4.31m from 3Q 2020). Profit margin: 15% (up from 0.5% in 3Q 2020). The increase in margin was driven by higher revenue.
分析記事 • Nov 15There Are Reasons To Feel Uneasy About Forbuild's (WSE:BTX) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Reported Earnings • Aug 21Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł27.1m (up 29% from 2Q 2020). Net income: zł2.54m (up 28% from 2Q 2020). Profit margin: 9.4% (in line with 2Q 2020).
Upcoming Dividend • Jun 17Upcoming dividend of zł0.18 per shareEligible shareholders must have bought the stock before 24 June 2021. Payment date: 02 July 2021. Trailing yield: 4.2%. Lower than top quartile of Polish dividend payers (5.8%). Higher than average of industry peers (3.5%).
Valuation Update With 7 Day Price Move • May 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.50, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 255% over the past three years.
Reported Earnings • May 21First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł20.3m (down 14% from 1Q 2020). Net income: zł1.01m (down 67% from 1Q 2020). Profit margin: 5.0% (down from 13% in 1Q 2020). The decrease in margin was driven by lower revenue.
分析記事 • Mar 29Is Forbuild SA (WSE:BTX) A Good Fit For Your Dividend Portfolio?Dividend paying stocks like Forbuild SA ( WSE:BTX ) tend to be popular with investors, and for good reason - some...
分析記事 • Mar 03The Trends At Forbuild (WSE:BTX) That You Should Know AboutIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Feb 20Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: zł84.4m (down 8.4% from FY 2019). Net income: zł5.41m (down 30% from FY 2019). Profit margin: 6.4% (down from 8.4% in FY 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Feb 10New 90-day high: zł3.80The company is up 8.0% from its price of zł3.52 on 12 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 35% over the same period.
お知らせ • Jan 30+ 4 more updatesForbuild SA to Report Q2, 2021 Results on Aug 16, 2021Forbuild SA announced that they will report Q2, 2021 results on Aug 16, 2021
分析記事 • Jan 10With EPS Growth And More, Forbuild (WSE:BTX) Is InterestingIt's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
分析記事 • Dec 06Is Forbuild SA (WSE:BTX) A Good Fit For Your Dividend Portfolio?Dividend paying stocks like Forbuild SA ( WSE:BTX ) tend to be popular with investors, and for good reason - some...
Valuation Update With 7 Day Price Move • Nov 18Market pulls back on stock over the past weekAfter last week's 17% share price decline to zł3.02, the stock is trading at a trailing P/E ratio of 5.2x, down from the previous P/E ratio of 6.2x. This compares to an average P/E of 7x in the Construction industry in Poland. Total returns to shareholders over the past three years are 119%.
Is New 90 Day High Low • Nov 16New 90-day low: zł3.30The company is down 7.0% from its price of zł3.54 on 18 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 5.0% over the same period.