View Future GrowthAdatex 過去の業績過去 基準チェック /16Adatexは、平均年間52.6%の収益成長を遂げていますが、 Consumer Durables業界の収益は、年間 成長しています。収益は、平均年間3.6% 45.9%収益成長率で 成長しています。 Adatexの自己資本利益率は7.3%であり、純利益率は7.6%です。主要情報52.56%収益成長率57.85%EPS成長率Consumer Durables 業界の成長11.43%収益成長率45.92%株主資本利益率7.30%ネット・マージン7.63%次回の業績アップデート14 Aug 2026最近の業績更新分析記事 • May 22Adatex's (WSE:ADX) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adatex S.A.'s ( WSE:ADX ) recent earnings didn't contain any surprises. Our...Reported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł18.9m (up 19% from 1Q 2025). Net income: zł849.7k (down 56% from 1Q 2025). Profit margin: 4.5% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses.お知らせ • Feb 10Adatex S.A. to Report Q4, 2025 Results on Feb 13, 2026Adatex S.A. announced that they will report Q4, 2025 results on Feb 13, 2026お知らせ • Nov 12Adatex S.A. to Report Q3, 2025 Results on Nov 14, 2025Adatex S.A. announced that they will report Q3, 2025 results on Nov 14, 2025分析記事 • Aug 22We Think That There Are More Issues For Adatex (WSE:ADX) Than Just Sluggish EarningsA lackluster earnings announcement from Adatex S.A. ( WSE:ADX ) last week didn't sink the stock price. We think that...Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł27.8m (up 154% from 2Q 2024). Net income: zł3.04m (up zł2.89m from 2Q 2024). Profit margin: 11% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue.すべての更新を表示Recent updatesNew Risk • 11hNew major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (zł89.8m market cap, or US$24.4m).お知らせ • Jun 03Adatex S.A., Annual General Meeting, Jun 30, 2026Adatex S.A., Annual General Meeting, Jun 30, 2026, at 10:00 Central European Standard Time.分析記事 • May 22Adatex's (WSE:ADX) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adatex S.A.'s ( WSE:ADX ) recent earnings didn't contain any surprises. Our...Reported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł18.9m (up 19% from 1Q 2025). Net income: zł849.7k (down 56% from 1Q 2025). Profit margin: 4.5% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł1.40, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Consumer Durables industry in Poland. Total returns to shareholders of 2.2% over the past three years.お知らせ • Feb 10Adatex S.A. to Report Q4, 2025 Results on Feb 13, 2026Adatex S.A. announced that they will report Q4, 2025 results on Feb 13, 2026Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł1.11, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Consumer Durables industry in Poland. Total loss to shareholders of 25% over the past three years.お知らせ • Nov 12Adatex S.A. to Report Q3, 2025 Results on Nov 14, 2025Adatex S.A. announced that they will report Q3, 2025 results on Nov 14, 2025New Risk • Oct 10New 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 9.8% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (zł93.6m market cap, or US$25.4m).New Risk • Aug 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 18% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (zł95.9m market cap, or US$26.4m).分析記事 • Aug 22We Think That There Are More Issues For Adatex (WSE:ADX) Than Just Sluggish EarningsA lackluster earnings announcement from Adatex S.A. ( WSE:ADX ) last week didn't sink the stock price. We think that...Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł27.8m (up 154% from 2Q 2024). Net income: zł3.04m (up zł2.89m from 2Q 2024). Profit margin: 11% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue.New Risk • Jul 28New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (zł79.8m market cap, or US$21.7m).New Risk • Jul 16New 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 Market cap is less than US$100m (zł80.8m market cap, or US$22.1m).New Risk • Jun 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (zł72.1m market cap, or US$19.3m).分析記事 • Mar 20Adatex S.A. (WSE:ADX) Stock Rockets 30% But Many Are Still Ignoring The CompanyAdatex S.A. ( WSE:ADX ) shareholders would be excited to see that the share price has had a great month, posting a 30...分析記事 • Feb 07We Like These Underlying Return On Capital Trends At Adatex (WSE:ADX)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...New Risk • Jan 15New 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 9.4% 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 (9.4% average weekly change). Minor Risk Market cap is less than US$100m (zł81.4m market cap, or US$19.7m).分析記事 • Dec 21A Piece Of The Puzzle Missing From Adatex S.A.'s (WSE:ADX) Share PriceWith a median price-to-sales (or "P/S") ratio of close to 1.2x in the Consumer Durables industry in Poland, you could...分析記事 • Nov 15Adatex (WSE:ADX) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Oct 01Adatex (WSE:ADX) Is Looking To Continue Growing Its Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • Aug 27Investors Give Adatex S.A. (WSE:ADX) Shares A 29% HidingUnfortunately for some shareholders, the Adatex S.A. ( WSE:ADX ) share price has dived 29% in the last thirty days...Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł11.0m (up 191% from 2Q 2023). Net income: zł154.8k (up zł1.87m from 2Q 2023). Profit margin: 1.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.分析記事 • Jul 20We Think Adatex (WSE:ADX) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jun 06Returns At Adatex (WSE:ADX) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • Jun 05Adatex S.A., Annual General Meeting, Jun 26, 2024Adatex S.A., Annual General Meeting, Jun 26, 2024.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł28.0m (up 257% from 1Q 2023). Net income: zł5.73m (up zł7.12m from 1Q 2023). Profit margin: 21% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.分析記事 • Apr 22Further Upside For Adatex S.A. (WSE:ADX) Shares Could Introduce Price Risks After 124% BounceAdatex S.A. ( WSE:ADX ) shareholders have had their patience rewarded with a 124% share price jump in the last month...New Risk • Mar 26New 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 10% 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 (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (zł54.4m market cap, or US$13.7m).分析記事 • Mar 13Adatex (WSE:ADX) Has No Shortage Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.001 (vs zł0.008 in FY 2022)Full year 2023 results: EPS: zł0.001 (down from zł0.008 in FY 2022). Revenue: zł60.1m (up 82% from FY 2022). Net income: zł267.2k (down 88% from FY 2022). Profit margin: 0.4% (down from 6.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings.お知らせ • Jan 17+ 4 more updatesAdatex S.A. to Report Q3, 2024 Results on Nov 14, 2024Adatex S.A. announced that they will report Q3, 2024 results on Nov 14, 2024New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (420% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł44.1m market cap, or US$11.1m).分析記事 • Nov 18Adatex Deweloper (WSE:ADX) Shareholders Will Want The ROCE Trajectory To ContinueWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł1.2m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (420% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł69.0m market cap, or US$17.0m).Reported Earnings • Aug 13Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł3.77m (up 51% from 2Q 2022). Net loss: zł1.72m (loss widened zł1.69m from 2Q 2022).分析記事 • Aug 02Adatex Deweloper S.A.'s (WSE:ADX) Shares May Have Run Too Fast Too SoonThere wouldn't be many who think Adatex Deweloper S.A.'s ( WSE:ADX ) price-to-sales (or "P/S") ratio of 1.3x is worth a...分析記事 • Jun 08Adatex Deweloper (WSE:ADX) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...お知らせ • Jun 02Adatex Deweloper S.A., Annual General Meeting, Jun 27, 2023Adatex Deweloper S.A., Annual General Meeting, Jun 27, 2023, at 11:00 Central European Standard Time.Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.04 (vs zł0.044 loss in FY 2021)Full year 2022 results: EPS: zł0.04 (up from zł0.044 loss in FY 2021). Revenue: zł33.1m (up zł33.0m from FY 2021). Net income: zł2.13m (up zł4.50m from FY 2021). Profit margin: 6.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.お知らせ • Feb 03+ 4 more updatesAdatex Deweloper S.A. to Report Q4, 2022 Results on Feb 14, 2023Adatex Deweloper S.A. announced that they will report Q4, 2022 results on Feb 14, 2023Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Net loss: zł29.0k (loss narrowed 96% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 07Adatex Deweloper S.A., Annual General Meeting, Jun 30, 2022Adatex Deweloper S.A., Annual General Meeting, Jun 30, 2022, at 12:00 Central European Standard Time.Is New 90 Day High Low • Mar 02New 90-day high: zł1.42The company is up 30% from its price of zł1.09 on 01 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 26% over the same period.Is New 90 Day High Low • Jan 07New 90-day high: zł1.41The company is up 24% from its price of zł1.14 on 09 October 2020. The Polish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 23% over the same period.Is New 90 Day High Low • Dec 16New 90-day high: zł1.31The company is up 31% from its price of zł1.00 on 17 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period.Is New 90 Day High Low • Nov 06New 90-day low: zł0.91The company is down 11% from its price of zł1.02 on 04 August 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 3.0% over the same period.Is New 90 Day High Low • Oct 12New 90-day high: zł1.24The company is up 4.0% from its price of zł1.19 on 14 July 2020. The Polish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 17% over the same period.収支内訳Adatex の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史WSE:ADX 収益、費用、利益 ( )PLN Millions日付収益収益G+A経費研究開発費31 Mar 2679690031 Dec 2576784030 Sep 2581673030 Jun 2582976031 Mar 2562777031 Dec 24741273030 Sep 24972073030 Jun 24861575031 Mar 2480967031 Dec 2360471030 Sep 2331-453030 Jun 2342038031 Mar 2341131031 Dec 2233224030 Sep 2220136030 Jun 223-235031 Mar 220-231031 Dec 210-235030 Sep 210-223030 Jun 210-218031 Mar 210-214031 Dec 200-15030 Sep 200-13030 Jun 200-11031 Mar 20-101031 Dec 19000030 Sep 19101030 Jun 19301031 Mar 19502031 Dec 18501030 Sep 18801030 Jun 18701031 Mar 186-11031 Dec 17501030 Sep 17000030 Jun 17000031 Mar 17000031 Dec 161-10030 Sep 16201030 Jun 16501031 Mar 16501031 Dec 15501030 Sep 154-11030 Jun 1512020質の高い収益: ADX 非現金収入 のレベルが高いです。利益率の向上: ADXの現在の純利益率 (7.6%)は、昨年(11.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ADX過去 5 年間で収益を上げており、収益は年間52.6%増加しています。成長の加速: ADXは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: ADXは過去 1 年間で収益成長率がマイナス ( -17.9% ) となったため、 Consumer Durables業界平均 ( 1.4% ) と比較することが困難です。株主資本利益率高いROE: ADXの 自己資本利益率 ( 7.3% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 10:11終値2026/06/09 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Adatex 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
分析記事 • May 22Adatex's (WSE:ADX) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adatex S.A.'s ( WSE:ADX ) recent earnings didn't contain any surprises. Our...
Reported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł18.9m (up 19% from 1Q 2025). Net income: zł849.7k (down 56% from 1Q 2025). Profit margin: 4.5% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses.
お知らせ • Feb 10Adatex S.A. to Report Q4, 2025 Results on Feb 13, 2026Adatex S.A. announced that they will report Q4, 2025 results on Feb 13, 2026
お知らせ • Nov 12Adatex S.A. to Report Q3, 2025 Results on Nov 14, 2025Adatex S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
分析記事 • Aug 22We Think That There Are More Issues For Adatex (WSE:ADX) Than Just Sluggish EarningsA lackluster earnings announcement from Adatex S.A. ( WSE:ADX ) last week didn't sink the stock price. We think that...
Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł27.8m (up 154% from 2Q 2024). Net income: zł3.04m (up zł2.89m from 2Q 2024). Profit margin: 11% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue.
New Risk • 11hNew major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% 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 Interest payments are not well covered by earnings (2.2x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (zł89.8m market cap, or US$24.4m).
お知らせ • Jun 03Adatex S.A., Annual General Meeting, Jun 30, 2026Adatex S.A., Annual General Meeting, Jun 30, 2026, at 10:00 Central European Standard Time.
分析記事 • May 22Adatex's (WSE:ADX) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adatex S.A.'s ( WSE:ADX ) recent earnings didn't contain any surprises. Our...
Reported Earnings • May 21First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł18.9m (up 19% from 1Q 2025). Net income: zł849.7k (down 56% from 1Q 2025). Profit margin: 4.5% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł1.40, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Consumer Durables industry in Poland. Total returns to shareholders of 2.2% over the past three years.
お知らせ • Feb 10Adatex S.A. to Report Q4, 2025 Results on Feb 13, 2026Adatex S.A. announced that they will report Q4, 2025 results on Feb 13, 2026
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł1.11, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Consumer Durables industry in Poland. Total loss to shareholders of 25% over the past three years.
お知らせ • Nov 12Adatex S.A. to Report Q3, 2025 Results on Nov 14, 2025Adatex S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
New Risk • Oct 10New 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 9.8% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (zł93.6m market cap, or US$25.4m).
New Risk • Aug 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 18% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (zł95.9m market cap, or US$26.4m).
分析記事 • Aug 22We Think That There Are More Issues For Adatex (WSE:ADX) Than Just Sluggish EarningsA lackluster earnings announcement from Adatex S.A. ( WSE:ADX ) last week didn't sink the stock price. We think that...
Reported Earnings • Aug 19Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: zł27.8m (up 154% from 2Q 2024). Net income: zł3.04m (up zł2.89m from 2Q 2024). Profit margin: 11% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue.
New Risk • Jul 28New 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (zł79.8m market cap, or US$21.7m).
New Risk • Jul 16New 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 Market cap is less than US$100m (zł80.8m market cap, or US$22.1m).
New Risk • Jun 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (zł72.1m market cap, or US$19.3m).
分析記事 • Mar 20Adatex S.A. (WSE:ADX) Stock Rockets 30% But Many Are Still Ignoring The CompanyAdatex S.A. ( WSE:ADX ) shareholders would be excited to see that the share price has had a great month, posting a 30...
分析記事 • Feb 07We Like These Underlying Return On Capital Trends At Adatex (WSE:ADX)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
New Risk • Jan 15New 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 9.4% 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 (9.4% average weekly change). Minor Risk Market cap is less than US$100m (zł81.4m market cap, or US$19.7m).
分析記事 • Dec 21A Piece Of The Puzzle Missing From Adatex S.A.'s (WSE:ADX) Share PriceWith a median price-to-sales (or "P/S") ratio of close to 1.2x in the Consumer Durables industry in Poland, you could...
分析記事 • Nov 15Adatex (WSE:ADX) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Oct 01Adatex (WSE:ADX) Is Looking To Continue Growing Its Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
分析記事 • Aug 27Investors Give Adatex S.A. (WSE:ADX) Shares A 29% HidingUnfortunately for some shareholders, the Adatex S.A. ( WSE:ADX ) share price has dived 29% in the last thirty days...
Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł11.0m (up 191% from 2Q 2023). Net income: zł154.8k (up zł1.87m from 2Q 2023). Profit margin: 1.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
分析記事 • Jul 20We Think Adatex (WSE:ADX) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jun 06Returns At Adatex (WSE:ADX) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • Jun 05Adatex S.A., Annual General Meeting, Jun 26, 2024Adatex S.A., Annual General Meeting, Jun 26, 2024.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł28.0m (up 257% from 1Q 2023). Net income: zł5.73m (up zł7.12m from 1Q 2023). Profit margin: 21% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
分析記事 • Apr 22Further Upside For Adatex S.A. (WSE:ADX) Shares Could Introduce Price Risks After 124% BounceAdatex S.A. ( WSE:ADX ) shareholders have had their patience rewarded with a 124% share price jump in the last month...
New Risk • Mar 26New 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 10% 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 (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (zł54.4m market cap, or US$13.7m).
分析記事 • Mar 13Adatex (WSE:ADX) Has No Shortage Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.001 (vs zł0.008 in FY 2022)Full year 2023 results: EPS: zł0.001 (down from zł0.008 in FY 2022). Revenue: zł60.1m (up 82% from FY 2022). Net income: zł267.2k (down 88% from FY 2022). Profit margin: 0.4% (down from 6.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings.
お知らせ • Jan 17+ 4 more updatesAdatex S.A. to Report Q3, 2024 Results on Nov 14, 2024Adatex S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (420% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł44.1m market cap, or US$11.1m).
分析記事 • Nov 18Adatex Deweloper (WSE:ADX) Shareholders Will Want The ROCE Trajectory To ContinueWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
New Risk • Aug 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł1.2m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (420% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł69.0m market cap, or US$17.0m).
Reported Earnings • Aug 13Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł3.77m (up 51% from 2Q 2022). Net loss: zł1.72m (loss widened zł1.69m from 2Q 2022).
分析記事 • Aug 02Adatex Deweloper S.A.'s (WSE:ADX) Shares May Have Run Too Fast Too SoonThere wouldn't be many who think Adatex Deweloper S.A.'s ( WSE:ADX ) price-to-sales (or "P/S") ratio of 1.3x is worth a...
分析記事 • Jun 08Adatex Deweloper (WSE:ADX) Is Experiencing Growth In Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
お知らせ • Jun 02Adatex Deweloper S.A., Annual General Meeting, Jun 27, 2023Adatex Deweloper S.A., Annual General Meeting, Jun 27, 2023, at 11:00 Central European Standard Time.
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.04 (vs zł0.044 loss in FY 2021)Full year 2022 results: EPS: zł0.04 (up from zł0.044 loss in FY 2021). Revenue: zł33.1m (up zł33.0m from FY 2021). Net income: zł2.13m (up zł4.50m from FY 2021). Profit margin: 6.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
お知らせ • Feb 03+ 4 more updatesAdatex Deweloper S.A. to Report Q4, 2022 Results on Feb 14, 2023Adatex Deweloper S.A. announced that they will report Q4, 2022 results on Feb 14, 2023
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Net loss: zł29.0k (loss narrowed 96% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 07Adatex Deweloper S.A., Annual General Meeting, Jun 30, 2022Adatex Deweloper S.A., Annual General Meeting, Jun 30, 2022, at 12:00 Central European Standard Time.
Is New 90 Day High Low • Mar 02New 90-day high: zł1.42The company is up 30% from its price of zł1.09 on 01 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 26% over the same period.
Is New 90 Day High Low • Jan 07New 90-day high: zł1.41The company is up 24% from its price of zł1.14 on 09 October 2020. The Polish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 23% over the same period.
Is New 90 Day High Low • Dec 16New 90-day high: zł1.31The company is up 31% from its price of zł1.00 on 17 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period.
Is New 90 Day High Low • Nov 06New 90-day low: zł0.91The company is down 11% from its price of zł1.02 on 04 August 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Oct 12New 90-day high: zł1.24The company is up 4.0% from its price of zł1.19 on 14 July 2020. The Polish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Building industry, which is up 17% over the same period.