View ValuationBEST 将来の成長Future 基準チェック /06現在、 BEST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Commercial Services 収益成長24.1%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 updatesNew Risk • Apr 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 32% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding).分析記事 • Dec 30Optimistic Investors Push BEST S.A. (WSE:BST) Shares Up 27% But Growth Is LackingBEST S.A. ( WSE:BST ) shareholders would be excited to see that the share price has had a great month, posting a 27...Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total returns to shareholders of 55% over the past three years.分析記事 • Dec 18BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...お知らせ • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).お知らせ • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł32.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 37% over the past three years.分析記事 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 483% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results.New Risk • Nov 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.分析記事 • Oct 16Lacklustre Performance Is Driving BEST S.A.'s (WSE:BST) Low P/EBEST S.A.'s ( WSE:BST ) price-to-earnings (or "P/E") ratio of 9.2x might make it look like a buy right now compared to...New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding).New Risk • Jun 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).お知らせ • May 25BEST S.A., Annual General Meeting, Jun 18, 2024BEST S.A., Annual General Meeting, Jun 18, 2024.分析記事 • Apr 13Earnings Troubles May Signal Larger Issues for BEST (WSE:BST) ShareholdersA lackluster earnings announcement from BEST S.A. ( WSE:BST ) last week didn't sink the stock price. However, we...New Risk • Apr 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).お知らせ • Jan 28+ 3 more updatesBEST S.A. to Report Q3, 2024 Results on Nov 15, 2024BEST S.A. announced that they will report Q3, 2024 results on Nov 15, 2024分析記事 • Jan 03BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Dec 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).New Risk • Oct 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).New Risk • Sep 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).お知らせ • Jul 23BEST S.A. (WSE:BST) announces an Equity Buyback for 151,515 shares, representing 0.68% for PLN 5 million.BEST S.A. (WSE:BST) announces a share repurchase program. Under the program, the company will repurchase up to 151,515 shares, representing 0.68% of share capital for PLN 5 million. The shares will be repurchased at a price of PLN 33 per share. The purpose of the repurchase program is to redeem them and reduce the company's share capital or to offer them for purchase to employees or persons who have been employed in the company or a company related to it for at least three years. The offer is valid till July 31, 2023.New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to zł24.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 33% over the past three years.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł6.42 (vs zł1.19 in FY 2021)Full year 2022 results: EPS: zł6.42 (up from zł1.19 in FY 2021). Revenue: zł453.6m (up 85% from FY 2021). Net income: zł143.0m (up 422% from FY 2021). Profit margin: 32% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 14Now 25% undervaluedOver the last 90 days, the stock is up 5.5%. The fair value is estimated to be zł28.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 57%.分析記事 • Mar 13BEST (WSE:BST) Ticks All The Boxes When It Comes To Earnings GrowthFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Buying Opportunity • Feb 23Now 22% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł28.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 57%.分析記事 • Feb 10BEST (WSE:BST) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł24.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 3.4% over the past three years.お知らせ • Jan 31+ 3 more updatesBEST S.A. to Report Fiscal Year 2022 Results on Apr 05, 2023BEST S.A. announced that they will report fiscal year 2022 results on Apr 05, 2023Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł76.4m (up 1.7% from 3Q 2021). Net loss: zł3.50m (down 120% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł201.9m (up 109% from 2Q 2021). Net income: zł111.3m (up 418% from 2Q 2021). Profit margin: 55% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue.お知らせ • Jun 07BEST S.A., Annual General Meeting, Jun 29, 2022BEST S.A., Annual General Meeting, Jun 29, 2022, at 10:00 Central European Standard Time.分析記事 • Apr 16BEST (WSE:BST) Will Be Looking To Turn Around Its ReturnsWhat underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...お知らせ • Apr 06BEST S.A. to Report Fiscal Year 2021 Results on Apr 12, 2022BEST S.A. announced that they will report fiscal year 2021 results on Apr 12, 2022お知らせ • Jan 30+ 3 more updatesBEST S.A. to Report Q1, 2022 Results on May 24, 2022BEST S.A. announced that they will report Q1, 2022 results on May 24, 2022分析記事 • Dec 21BEST (WSE:BST) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...分析記事 • Apr 18Some Investors May Be Worried About BEST's (WSE:BST) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...分析記事 • Feb 24Is BEST (WSE:BST) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jan 30+ 3 more updatesBEST S.A. to Report Q2, 2021 Results on Sep 15, 2021BEST S.A. announced that they will report Q2, 2021 results on Sep 15, 2021分析記事 • Jan 21BEST's (WSE:BST) Shareholders Are Down 37% On Their SharesWhile not a mind-blowing move, it is good to see that the BEST S.A. ( WSE:BST ) share price has gained 12% in the last...Is New 90 Day High Low • Dec 30New 90-day high: zł19.00The company is up 9.0% from its price of zł17.50 on 30 September 2020. The Polish market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.分析記事 • Dec 08The Returns At BEST (WSE:BST) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total profits of zł5.82m, down 85% from the prior year. Total revenue was zł218.6m over the last 12 months, up 1.3% from the prior year. 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、BEST 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:BST - 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12/31/202557397-164-164N/A9/30/2025440847586N/A6/30/202538493-20-10N/A3/31/202532987-42-32N/A12/31/2024319103-45-32N/A9/30/202430363-130-116N/A6/30/202429956-218-204N/A3/31/202429256-141-131N/A12/31/202328750-136-129N/A9/30/202328861-57-53N/A6/30/2023282346367N/A3/31/20232731333237N/A12/31/20222641426267N/A9/30/20222501213138N/A6/30/20222411434955N/A3/31/20222485398104N/A12/31/202124549109114N/A9/30/202123589213218N/A6/30/202124651214220N/A3/31/202124644212218N/A12/31/202025034204210N/A9/30/2020221-38174179N/A6/30/20202195169173N/A3/31/202022110138143N/A12/31/201922219133139N/A9/30/201923247N/A162N/A6/30/201921639N/A166N/A3/31/201920033N/A127N/A1/1/201919032N/A89N/A9/30/201820856N/A19N/A6/30/201821858N/A-72N/A3/31/201821868N/A-175N/A1/1/201819955N/A-166N/A9/30/201719816N/A-229N/A6/30/201718625N/A-197N/A3/31/201719010N/A-79N/A12/31/201621038N/A-118N/A9/30/201620689N/A-6N/A6/30/201617888N/A-161N/A3/31/2016164102N/A-206N/A12/31/201514182N/A-169N/A9/30/201513684N/A-238N/A6/30/201513468N/A-87N/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: BST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: BST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: BST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: BST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: BST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: BST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7D1Y7D1Y7D1YCommercial-services 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2026/05/22 10:06終値2026/05/22 00:00収益2025/12/31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BEST S.A. 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
New Risk • Apr 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 32% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding).
分析記事 • Dec 30Optimistic Investors Push BEST S.A. (WSE:BST) Shares Up 27% But Growth Is LackingBEST S.A. ( WSE:BST ) shareholders would be excited to see that the share price has had a great month, posting a 27...
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total returns to shareholders of 55% over the past three years.
分析記事 • Dec 18BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...
お知らせ • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025
New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
お知らせ • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł32.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 37% over the past three years.
分析記事 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 483% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results.
New Risk • Nov 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
分析記事 • Oct 16Lacklustre Performance Is Driving BEST S.A.'s (WSE:BST) Low P/EBEST S.A.'s ( WSE:BST ) price-to-earnings (or "P/E") ratio of 9.2x might make it look like a buy right now compared to...
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding).
New Risk • Jun 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).
New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).
お知らせ • May 25BEST S.A., Annual General Meeting, Jun 18, 2024BEST S.A., Annual General Meeting, Jun 18, 2024.
分析記事 • Apr 13Earnings Troubles May Signal Larger Issues for BEST (WSE:BST) ShareholdersA lackluster earnings announcement from BEST S.A. ( WSE:BST ) last week didn't sink the stock price. However, we...
New Risk • Apr 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).
お知らせ • Jan 28+ 3 more updatesBEST S.A. to Report Q3, 2024 Results on Nov 15, 2024BEST S.A. announced that they will report Q3, 2024 results on Nov 15, 2024
分析記事 • Jan 03BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Dec 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).
New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
New Risk • Oct 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
New Risk • Sep 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).
お知らせ • Jul 23BEST S.A. (WSE:BST) announces an Equity Buyback for 151,515 shares, representing 0.68% for PLN 5 million.BEST S.A. (WSE:BST) announces a share repurchase program. Under the program, the company will repurchase up to 151,515 shares, representing 0.68% of share capital for PLN 5 million. The shares will be repurchased at a price of PLN 33 per share. The purpose of the repurchase program is to redeem them and reduce the company's share capital or to offer them for purchase to employees or persons who have been employed in the company or a company related to it for at least three years. The offer is valid till July 31, 2023.
New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to zł24.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 33% over the past three years.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł6.42 (vs zł1.19 in FY 2021)Full year 2022 results: EPS: zł6.42 (up from zł1.19 in FY 2021). Revenue: zł453.6m (up 85% from FY 2021). Net income: zł143.0m (up 422% from FY 2021). Profit margin: 32% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 14Now 25% undervaluedOver the last 90 days, the stock is up 5.5%. The fair value is estimated to be zł28.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 57%.
分析記事 • Mar 13BEST (WSE:BST) Ticks All The Boxes When It Comes To Earnings GrowthFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Buying Opportunity • Feb 23Now 22% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł28.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 57%.
分析記事 • Feb 10BEST (WSE:BST) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł24.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 3.4% over the past three years.
お知らせ • Jan 31+ 3 more updatesBEST S.A. to Report Fiscal Year 2022 Results on Apr 05, 2023BEST S.A. announced that they will report fiscal year 2022 results on Apr 05, 2023
Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł76.4m (up 1.7% from 3Q 2021). Net loss: zł3.50m (down 120% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł201.9m (up 109% from 2Q 2021). Net income: zł111.3m (up 418% from 2Q 2021). Profit margin: 55% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue.
お知らせ • Jun 07BEST S.A., Annual General Meeting, Jun 29, 2022BEST S.A., Annual General Meeting, Jun 29, 2022, at 10:00 Central European Standard Time.
分析記事 • Apr 16BEST (WSE:BST) Will Be Looking To Turn Around Its ReturnsWhat underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...
お知らせ • Apr 06BEST S.A. to Report Fiscal Year 2021 Results on Apr 12, 2022BEST S.A. announced that they will report fiscal year 2021 results on Apr 12, 2022
お知らせ • Jan 30+ 3 more updatesBEST S.A. to Report Q1, 2022 Results on May 24, 2022BEST S.A. announced that they will report Q1, 2022 results on May 24, 2022
分析記事 • Dec 21BEST (WSE:BST) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
分析記事 • Apr 18Some Investors May Be Worried About BEST's (WSE:BST) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
分析記事 • Feb 24Is BEST (WSE:BST) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jan 30+ 3 more updatesBEST S.A. to Report Q2, 2021 Results on Sep 15, 2021BEST S.A. announced that they will report Q2, 2021 results on Sep 15, 2021
分析記事 • Jan 21BEST's (WSE:BST) Shareholders Are Down 37% On Their SharesWhile not a mind-blowing move, it is good to see that the BEST S.A. ( WSE:BST ) share price has gained 12% in the last...
Is New 90 Day High Low • Dec 30New 90-day high: zł19.00The company is up 9.0% from its price of zł17.50 on 30 September 2020. The Polish market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.
分析記事 • Dec 08The Returns At BEST (WSE:BST) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total profits of zł5.82m, down 85% from the prior year. Total revenue was zł218.6m over the last 12 months, up 1.3% from the prior year.