View Future GrowthVRG 過去の業績過去 基準チェック /36VRGは、平均年間18.7%の収益成長を遂げていますが、 Luxury業界の収益は、年間 成長しています。収益は、平均年間23.2% 9.1%収益成長率で 成長しています。 VRGの自己資本利益率は7.9%であり、純利益率は5.9%です。主要情報18.73%収益成長率20.79%EPS成長率Luxury 業界の成長27.75%収益成長率9.09%株主資本利益率7.93%ネット・マージン5.87%次回の業績アップデート20 Aug 2026最近の業績更新Reported Earnings • 5hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł356.5m (up 21% from 1Q 2025). Net loss: zł154.0k (down 103% from profit in 1Q 2025). Profit margin: 0% (down from 2.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Jan 21+ 3 more updatesVRG S.A. to Report Fiscal Year 2025 Final Results on Apr 24, 2026VRG S.A. announced that they will report fiscal year 2025 final results at 5:30 PM, Central European Standard Time on Apr 24, 2026Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0.05 (vs zł0.043 in 3Q 2024)Third quarter 2025 results: EPS: zł0.05 (up from zł0.043 in 3Q 2024). Revenue: zł345.9m (up 11% from 3Q 2024). Net income: zł12.4m (up 22% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Reported Earnings • May 23First quarter 2025 earnings released: EPS: zł0.03 (vs zł0.009 in 1Q 2024)First quarter 2025 results: EPS: zł0.03 (up from zł0.009 in 1Q 2024). Revenue: zł293.6m (up 5.5% from 1Q 2024). Net income: zł6.02m (up 172% from 1Q 2024). Profit margin: 2.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.お知らせ • Jan 15+ 3 more updatesVRG S.A. to Report Q3, 2025 Results on Nov 13, 2025VRG S.A. announced that they will report Q3, 2025 results on Nov 13, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.04 (vs zł0.004 in 3Q 2023)Third quarter 2024 results: EPS: zł0.04 (up from zł0.004 in 3Q 2023). Revenue: zł311.5m (up 4.8% from 3Q 2023). Net income: zł10.1m (up zł9.21m from 3Q 2023). Profit margin: 3.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesReported Earnings • 5hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł356.5m (up 21% from 1Q 2025). Net loss: zł154.0k (down 103% from profit in 1Q 2025). Profit margin: 0% (down from 2.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Jan 21+ 3 more updatesVRG S.A. to Report Fiscal Year 2025 Final Results on Apr 24, 2026VRG S.A. announced that they will report fiscal year 2025 final results at 5:30 PM, Central European Standard Time on Apr 24, 2026Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0.05 (vs zł0.043 in 3Q 2024)Third quarter 2025 results: EPS: zł0.05 (up from zł0.043 in 3Q 2024). Revenue: zł345.9m (up 11% from 3Q 2024). Net income: zł12.4m (up 22% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.New Risk • Jun 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • May 23First quarter 2025 earnings released: EPS: zł0.03 (vs zł0.009 in 1Q 2024)First quarter 2025 results: EPS: zł0.03 (up from zł0.009 in 1Q 2024). Revenue: zł293.6m (up 5.5% from 1Q 2024). Net income: zł6.02m (up 172% from 1Q 2024). Profit margin: 2.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.分析記事 • Feb 25At zł3.80, Is It Time To Put VRG S.A. (WSE:VRG) On Your Watch List?VRG S.A. ( WSE:VRG ), might not be a large cap stock, but it received a lot of attention from a substantial price...Buy Or Sell Opportunity • Feb 10Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at zł3.35. The fair value is estimated to be zł2.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.New Risk • Feb 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Jan 15+ 3 more updatesVRG S.A. to Report Q3, 2025 Results on Nov 13, 2025VRG S.A. announced that they will report Q3, 2025 results on Nov 13, 2025Buy Or Sell Opportunity • Dec 12Now 20% overvaluedOver the last 90 days, the stock has fallen 5.7% to zł3.29. The fair value is estimated to be zł2.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.Buy Or Sell Opportunity • Nov 18Now 20% overvaluedOver the last 90 days, the stock has fallen 10.0% to zł3.33. The fair value is estimated to be zł2.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.04 (vs zł0.004 in 3Q 2023)Third quarter 2024 results: EPS: zł0.04 (up from zł0.004 in 3Q 2023). Revenue: zł311.5m (up 4.8% from 3Q 2023). Net income: zł10.1m (up zł9.21m from 3Q 2023). Profit margin: 3.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 12Upcoming dividend of zł0.09 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (7.9%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: zł0.12 (vs zł0.20 in 2Q 2023)Second quarter 2024 results: EPS: zł0.12 (down from zł0.20 in 2Q 2023). Revenue: zł340.8m (up 1.6% from 2Q 2023). Net income: zł28.2m (down 41% from 2Q 2023). Profit margin: 8.3% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 19VRG (WSE:VRG) Has Announced That Its Dividend Will Be Reduced To PLN0.09VRG S.A.'s ( WSE:VRG ) dividend is being reduced from last year's payment covering the same period to PLN0.09 on the...分析記事 • Jul 23VRG (WSE:VRG) Has Announced That Its Dividend Will Be Reduced To PLN0.09VRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...Price Target Changed • Jul 15Price target decreased by 8.8% to zł4.13Down from zł4.53, the current price target is an average from 4 analysts. New target price is 15% above last closing price of zł3.58. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of zł0.39 for next year compared to zł0.43 last year.分析記事 • Jun 26VRG's (WSE:VRG) Shareholders Will Receive A Smaller Dividend Than Last YearVRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...分析記事 • Jun 12VRG (WSE:VRG) Is Paying Out Less In Dividends Than Last YearVRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...お知らせ • Jun 06VRG S.A. Provides Consolidated Revenue Guidance for the Month and Year to Date Ended May 2024VRG S.A. provided consolidated revenue guidance for the month and year to date ended May 2024. VRG's consolidated revenues in May likely amounted to PLN 121.6 million (EUR 28.24 million), down by 2.1% year on year.YTD revenues amounted to PLN 506.5 million (EUR 117.61 mln), up 1.3% year on year.お知らせ • May 31VRG S.A., Annual General Meeting, Jun 26, 2024VRG S.A., Annual General Meeting, Jun 26, 2024.分析記事 • May 29VRG (WSE:VRG) Is Paying Out Less In Dividends Than Last YearVRG S.A. ( WSE:VRG ) has announced it will be reducing its dividend payable on the 16th of December to PLN0.09, which...Reported Earnings • May 22First quarter 2024 earnings released: EPS: zł0.01 (vs zł0.014 in 1Q 2023)First quarter 2024 results: EPS: zł0.01 (down from zł0.014 in 1Q 2023). Revenue: zł278.2m (up 4.2% from 1Q 2023). Net income: zł2.22m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Declared Dividend • May 20Dividend reduced to zł0.09Dividend of zł0.09 is 55% lower than last year. Ex-date: 19th September 2024 Payment date: 16th December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 1.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 19VRG Proposes Cash Dividend, Payable on December 16, 2024VRG announced its management board proposed to pay a dividend of PLN 0.09 (EUR 0.02) per share. An amount of PLN 21.1 million (EUR 4.9 million) from the capital reserve would be used for this purpose. The management board proposed to allocate the profit for 2023, amounting to PLN 28.2 million (EUR 6.6 million), to the reserve capital. Those entitled to the dividend will be the company's shareholders as at September 20, 2024 and the dividend would be paid on December 16, 2024. In 2023, VRG paid a dividend of PLN 0.2 (EUR 0.05) per share.分析記事 • Apr 13At zł3.51, Is It Time To Put VRG S.A. (WSE:VRG) On Your Watch List?VRG S.A. ( WSE:VRG ), is not the largest company out there, but it saw a decent share price growth of 12% on the WSE...お知らせ • Apr 04VRG Provides Revenues Guidance for the Month Ended March 2024VRG provided revenues guidance for the month ended March 2024. The company consolidated revenues in March likely amounted to PLN 95.1 million (EUR 22.1 million), up by 6.7 percent year on year.お知らせ • Jan 13+ 3 more updatesVRG S.A. to Report Q3, 2024 Results on Nov 14, 2024VRG S.A. announced that they will report Q3, 2024 results on Nov 14, 2024Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 1.1%. The fair value is estimated to be zł4.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 75%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 7.3% per annum over the same time period.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: zł0.004 (vs zł0.04 in 3Q 2022)Third quarter 2023 results: EPS: zł0.004 (down from zł0.04 in 3Q 2022). Revenue: zł297.1m (down 7.0% from 3Q 2022). Net income: zł937.0k (down 90% from 3Q 2022). Profit margin: 0.3% (down from 2.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in Poland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 12Upcoming dividend of zł0.20 per share at 5.6% yieldEligible shareholders must have bought the stock before 19 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (3.4%).お知らせ • Sep 03An unknown buyer acquired a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A.An unknown buyer acquired a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A. on September 1, 2023. An unknown buyer completed the acquisition of a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A. on September 1, 2023.Recent Insider Transactions • Aug 30Deputy Chair of the Supervisory Board recently sold zł645k worth of stockOn the 28th of August, Jan Pilch sold around 186k shares on-market at roughly zł3.47 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months.Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: zł0.20 (vs zł0.17 in 2Q 2022)Second quarter 2023 results: EPS: zł0.20 (up from zł0.17 in 2Q 2022). Revenue: zł335.3m (down 1.9% from 2Q 2022). Net income: zł47.7m (up 21% from 2Q 2022). Profit margin: 14% (up from 12% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 02VRG S.A., Annual General Meeting, Jun 28, 2023VRG S.A., Annual General Meeting, Jun 28, 2023, at 12:00 Central European Standard Time.Reported Earnings • May 21First quarter 2023 earnings released: EPS: zł0.01 (vs zł0.012 loss in 1Q 2022)First quarter 2023 results: EPS: zł0.01 (up from zł0.012 loss in 1Q 2022). Revenue: zł267.0m (up 9.5% from 1Q 2022). Net income: zł3.22m (up zł6.14m from 1Q 2022). Profit margin: 1.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł0.40 (vs zł0.28 in FY 2021)Full year 2022 results: EPS: zł0.40 (up from zł0.28 in FY 2021). Revenue: zł1.27b (up 19% from FY 2021). Net income: zł93.0m (up 40% from FY 2021). Profit margin: 7.3% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 17Price target increased by 12% to zł4.02Up from zł3.59, the current price target is an average from 3 analysts. New target price is 22% above last closing price of zł3.30. Stock is down 12% over the past year. The company is forecast to post earnings per share of zł0.36 for next year compared to zł0.28 last year.お知らせ • Jan 26+ 2 more updatesVRG S.A. to Report First Half, 2023 Results on Aug 24, 2023VRG S.A. announced that they will report first half, 2023 results on Aug 24, 2023Price Target Changed • Nov 16Price target increased to zł4.76Up from zł3.59, the current price target is provided by 1 analyst. New target price is 43% above last closing price of zł3.32. Stock is down 15% over the past year. The company posted earnings per share of zł0.28 last year.Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be zł3.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to decline by 5.9% in the next 2 years.Reported Earnings • Aug 28Second quarter 2022 earnings released: EPS: zł0.17 (vs zł0.098 in 2Q 2021)Second quarter 2022 results: EPS: zł0.17 (up from zł0.098 in 2Q 2021). Revenue: zł341.8m (up 40% from 2Q 2021). Net income: zł39.3m (up 71% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 9.8% growth forecast for the Luxury industry in Poland. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 07Inaugural dividend of zł0.17 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. This is the first dividend for VRG since going public. The average dividend yield among industry peers is 1.7%.Reported Earnings • May 20First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: zł243.8m (up 42% from 1Q 2021). Net loss: zł2.91m (loss narrowed 86% from 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.3%, compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Price Target Changed • Apr 27Price target increased to zł4.56Up from zł3.59, the current price target is provided by 1 analyst. New target price is 22% above last closing price of zł3.74. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of zł0.30 for next year compared to zł0.28 last year.Reported Earnings • Apr 10Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: zł0.28 (up from zł0.20 loss in FY 2020). Revenue: zł1.07b (up 25% from FY 2020). Net income: zł66.3m (up zł114.5m from FY 2020). Profit margin: 6.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS zł0.10 (vs zł0.021 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł305.0m (up 22% from 3Q 2020). Net income: zł23.7m (up 374% from 3Q 2020). Profit margin: 7.8% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 01Price target increased to zł4.17Up from zł3.48, the current price target is an average from 3 analysts. New target price is 12% above last closing price of zł3.73. Stock is up 54% over the past year.分析記事 • Aug 05A Look At The Fair Value Of VRG S.A. (WSE:VRG)Today we will run through one way of estimating the intrinsic value of VRG S.A. ( WSE:VRG ) by taking the expected...Reported Earnings • Jun 01First quarter 2021 earnings released: zł0.086 loss per share (vs zł0.14 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: zł172.1m (down 13% from 1Q 2020). Net loss: zł20.1m (loss narrowed 37% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Price Target Changed • May 24Price target increased to zł3.48Up from zł2.84, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł3.64. Stock is up 51% over the past year.Reported Earnings • Apr 18Full year 2020 earnings released: zł0.20 loss per share (vs zł0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: zł853.7m (down 20% from FY 2019). Net loss: zł48.2m (down 175% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.分析記事 • Mar 05A Look At VRG's (WSE:VRG) Share Price ReturnsAs an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock...分析記事 • Feb 05Is There Now An Opportunity In VRG S.A. (WSE:VRG)?VRG S.A. ( WSE:VRG ), might not be a large cap stock, but it received a lot of attention from a substantial price...お知らせ • Jan 30+ 3 more updatesVRG S.A. to Report Q3, 2021 Results on Nov 17, 2021VRG S.A. announced that they will report Q3, 2021 results on Nov 17, 2021お知らせ • Jan 12VRG Announces Resignation of Erwin Bakalarz from Management Board MemberVRG announced that it accepted resignation from management board member Erwin Bakalarz, effective as of January 11.分析記事 • Dec 31Does VRG (WSE:VRG) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł2.85, the stock is trading at a trailing P/E ratio of 44.4x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 30x in the Luxury industry in Poland. Total return to shareholders over the past three years is a loss of 33%.Is New 90 Day High Low • Dec 09New 90-day high: zł2.67The company is up 19% from its price of zł2.25 on 10 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 Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł2.98 per share.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS zł0.021The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: zł249.4m (flat on 3Q 2019). Net income: zł5.00m (up zł6.82m from 3Q 2019). Profit margin: 2.0% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.04%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 2.0%, compared to a 6.3% growth forecast for the Luxury industry in Poland.Is New 90 Day High Low • Oct 30New 90-day low: zł2.00The company is down 12% from its price of zł2.27 on 31 July 2020. The Polish market is down 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł2.94 per share.お知らせ • Jul 17VRG S.A. Announces CEO ChangesVRG S.A. announced that the company named Andrzej Jaworski new CEO to replace freshly dismissed to-date helmsman Michal Wojcik.収支内訳VRG 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:VRG 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 261,56892717031 Dec 251,50598685030 Sep 251,46294671030 Jun 251,42792661031 Mar 251,39092649031 Dec 241,37588640030 Sep 241,33390624030 Jun 241,31881610031 Mar 241,313101599031 Dec 231,302102586030 Sep 231,26899574030 Jun 231,291107566031 Mar 231,29799555031 Dec 221,27493540030 Sep 221,25485522030 Jun 221,239100509031 Mar 221,14282486031 Dec 211,07066464030 Sep 2195313447030 Jun 21897-5434031 Mar 21828-27407031 Dec 20854-40417030 Sep 2095418427030 Jun 2095611436031 Mar 201,05134469031 Dec 191,06864469030 Sep 191,00852441030 Jun 1993761406031 Mar 1986051371001 Jan 1980654340030 Sep 1875745324030 Jun 1873444314031 Mar 1871344302031 Dec 1768943293030 Sep 1765439281030 Jun 1763336273031 Mar 1761535269031 Dec 1659935261030 Sep 1657028252030 Jun 1655227246031 Mar 1653027234031 Dec 1551425227030 Sep 1549527218030 Jun 15477242110質の高い収益: VRGは 高品質の収益 を持っています。利益率の向上: VRGの現在の純利益率 (5.9%)は、昨年(6.6%)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: VRG過去 5 年間で収益を上げており、収益は年間18.7%増加しています。成長の加速: VRGの過去 1 年間の収益成長率 ( 0.5% ) は、5 年間の平均 ( 年間18.7%を下回っています。収益対業界: VRGの過去 1 年間の収益成長率 ( 0.5% ) はLuxury業界-14.1%を上回りました。株主資本利益率高いROE: VRGの 自己資本利益率 ( 7.9% ) 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2026/05/24 02:05終値2026/05/22 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VRG S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Sylwia JaskiewiczDom Maklerski Banku Ochrony Srodowiska S.A.Piotr BoguszErste Group Bank AGSeweryn ZolyniakMillennium Dom Maklerski Spolka Akcyjna
Reported Earnings • 5hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł356.5m (up 21% from 1Q 2025). Net loss: zł154.0k (down 103% from profit in 1Q 2025). Profit margin: 0% (down from 2.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Jan 21+ 3 more updatesVRG S.A. to Report Fiscal Year 2025 Final Results on Apr 24, 2026VRG S.A. announced that they will report fiscal year 2025 final results at 5:30 PM, Central European Standard Time on Apr 24, 2026
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0.05 (vs zł0.043 in 3Q 2024)Third quarter 2025 results: EPS: zł0.05 (up from zł0.043 in 3Q 2024). Revenue: zł345.9m (up 11% from 3Q 2024). Net income: zł12.4m (up 22% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Reported Earnings • May 23First quarter 2025 earnings released: EPS: zł0.03 (vs zł0.009 in 1Q 2024)First quarter 2025 results: EPS: zł0.03 (up from zł0.009 in 1Q 2024). Revenue: zł293.6m (up 5.5% from 1Q 2024). Net income: zł6.02m (up 172% from 1Q 2024). Profit margin: 2.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
お知らせ • Jan 15+ 3 more updatesVRG S.A. to Report Q3, 2025 Results on Nov 13, 2025VRG S.A. announced that they will report Q3, 2025 results on Nov 13, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.04 (vs zł0.004 in 3Q 2023)Third quarter 2024 results: EPS: zł0.04 (up from zł0.004 in 3Q 2023). Revenue: zł311.5m (up 4.8% from 3Q 2023). Net income: zł10.1m (up zł9.21m from 3Q 2023). Profit margin: 3.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • 5hFirst quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł356.5m (up 21% from 1Q 2025). Net loss: zł154.0k (down 103% from profit in 1Q 2025). Profit margin: 0% (down from 2.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Jan 21+ 3 more updatesVRG S.A. to Report Fiscal Year 2025 Final Results on Apr 24, 2026VRG S.A. announced that they will report fiscal year 2025 final results at 5:30 PM, Central European Standard Time on Apr 24, 2026
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: zł0.05 (vs zł0.043 in 3Q 2024)Third quarter 2025 results: EPS: zł0.05 (up from zł0.043 in 3Q 2024). Revenue: zł345.9m (up 11% from 3Q 2024). Net income: zł12.4m (up 22% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
New Risk • Jun 02New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • May 23First quarter 2025 earnings released: EPS: zł0.03 (vs zł0.009 in 1Q 2024)First quarter 2025 results: EPS: zł0.03 (up from zł0.009 in 1Q 2024). Revenue: zł293.6m (up 5.5% from 1Q 2024). Net income: zł6.02m (up 172% from 1Q 2024). Profit margin: 2.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
分析記事 • Feb 25At zł3.80, Is It Time To Put VRG S.A. (WSE:VRG) On Your Watch List?VRG S.A. ( WSE:VRG ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Buy Or Sell Opportunity • Feb 10Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at zł3.35. The fair value is estimated to be zł2.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
New Risk • Feb 06New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Jan 15+ 3 more updatesVRG S.A. to Report Q3, 2025 Results on Nov 13, 2025VRG S.A. announced that they will report Q3, 2025 results on Nov 13, 2025
Buy Or Sell Opportunity • Dec 12Now 20% overvaluedOver the last 90 days, the stock has fallen 5.7% to zł3.29. The fair value is estimated to be zł2.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.8% per annum over the same time period.
Buy Or Sell Opportunity • Nov 18Now 20% overvaluedOver the last 90 days, the stock has fallen 10.0% to zł3.33. The fair value is estimated to be zł2.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.04 (vs zł0.004 in 3Q 2023)Third quarter 2024 results: EPS: zł0.04 (up from zł0.004 in 3Q 2023). Revenue: zł311.5m (up 4.8% from 3Q 2023). Net income: zł10.1m (up zł9.21m from 3Q 2023). Profit margin: 3.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 12Upcoming dividend of zł0.09 per shareEligible shareholders must have bought the stock before 19 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (7.9%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: zł0.12 (vs zł0.20 in 2Q 2023)Second quarter 2024 results: EPS: zł0.12 (down from zł0.20 in 2Q 2023). Revenue: zł340.8m (up 1.6% from 2Q 2023). Net income: zł28.2m (down 41% from 2Q 2023). Profit margin: 8.3% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 19VRG (WSE:VRG) Has Announced That Its Dividend Will Be Reduced To PLN0.09VRG S.A.'s ( WSE:VRG ) dividend is being reduced from last year's payment covering the same period to PLN0.09 on the...
分析記事 • Jul 23VRG (WSE:VRG) Has Announced That Its Dividend Will Be Reduced To PLN0.09VRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...
Price Target Changed • Jul 15Price target decreased by 8.8% to zł4.13Down from zł4.53, the current price target is an average from 4 analysts. New target price is 15% above last closing price of zł3.58. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of zł0.39 for next year compared to zł0.43 last year.
分析記事 • Jun 26VRG's (WSE:VRG) Shareholders Will Receive A Smaller Dividend Than Last YearVRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...
分析記事 • Jun 12VRG (WSE:VRG) Is Paying Out Less In Dividends Than Last YearVRG S.A. ( WSE:VRG ) has announced that on 16th of December, it will be paying a dividend ofPLN0.09, which a reduction...
お知らせ • Jun 06VRG S.A. Provides Consolidated Revenue Guidance for the Month and Year to Date Ended May 2024VRG S.A. provided consolidated revenue guidance for the month and year to date ended May 2024. VRG's consolidated revenues in May likely amounted to PLN 121.6 million (EUR 28.24 million), down by 2.1% year on year.YTD revenues amounted to PLN 506.5 million (EUR 117.61 mln), up 1.3% year on year.
お知らせ • May 31VRG S.A., Annual General Meeting, Jun 26, 2024VRG S.A., Annual General Meeting, Jun 26, 2024.
分析記事 • May 29VRG (WSE:VRG) Is Paying Out Less In Dividends Than Last YearVRG S.A. ( WSE:VRG ) has announced it will be reducing its dividend payable on the 16th of December to PLN0.09, which...
Reported Earnings • May 22First quarter 2024 earnings released: EPS: zł0.01 (vs zł0.014 in 1Q 2023)First quarter 2024 results: EPS: zł0.01 (down from zł0.014 in 1Q 2023). Revenue: zł278.2m (up 4.2% from 1Q 2023). Net income: zł2.22m (down 31% from 1Q 2023). Profit margin: 0.8% (down from 1.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Declared Dividend • May 20Dividend reduced to zł0.09Dividend of zł0.09 is 55% lower than last year. Ex-date: 19th September 2024 Payment date: 16th December 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 1.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 19VRG Proposes Cash Dividend, Payable on December 16, 2024VRG announced its management board proposed to pay a dividend of PLN 0.09 (EUR 0.02) per share. An amount of PLN 21.1 million (EUR 4.9 million) from the capital reserve would be used for this purpose. The management board proposed to allocate the profit for 2023, amounting to PLN 28.2 million (EUR 6.6 million), to the reserve capital. Those entitled to the dividend will be the company's shareholders as at September 20, 2024 and the dividend would be paid on December 16, 2024. In 2023, VRG paid a dividend of PLN 0.2 (EUR 0.05) per share.
分析記事 • Apr 13At zł3.51, Is It Time To Put VRG S.A. (WSE:VRG) On Your Watch List?VRG S.A. ( WSE:VRG ), is not the largest company out there, but it saw a decent share price growth of 12% on the WSE...
お知らせ • Apr 04VRG Provides Revenues Guidance for the Month Ended March 2024VRG provided revenues guidance for the month ended March 2024. The company consolidated revenues in March likely amounted to PLN 95.1 million (EUR 22.1 million), up by 6.7 percent year on year.
お知らせ • Jan 13+ 3 more updatesVRG S.A. to Report Q3, 2024 Results on Nov 14, 2024VRG S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 1.1%. The fair value is estimated to be zł4.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 75%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings is also forecast to grow by 7.3% per annum over the same time period.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: zł0.004 (vs zł0.04 in 3Q 2022)Third quarter 2023 results: EPS: zł0.004 (down from zł0.04 in 3Q 2022). Revenue: zł297.1m (down 7.0% from 3Q 2022). Net income: zł937.0k (down 90% from 3Q 2022). Profit margin: 0.3% (down from 2.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in Poland. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 12Upcoming dividend of zł0.20 per share at 5.6% yieldEligible shareholders must have bought the stock before 19 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (3.4%).
お知らせ • Sep 03An unknown buyer acquired a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A.An unknown buyer acquired a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A. on September 1, 2023. An unknown buyer completed the acquisition of a 7.23% stake in VRG S.A. (WSE : VRG) from Forum Towarzystwo Funduszy Inwestycyjnych S.A. on September 1, 2023.
Recent Insider Transactions • Aug 30Deputy Chair of the Supervisory Board recently sold zł645k worth of stockOn the 28th of August, Jan Pilch sold around 186k shares on-market at roughly zł3.47 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months.
Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: zł0.20 (vs zł0.17 in 2Q 2022)Second quarter 2023 results: EPS: zł0.20 (up from zł0.17 in 2Q 2022). Revenue: zł335.3m (down 1.9% from 2Q 2022). Net income: zł47.7m (up 21% from 2Q 2022). Profit margin: 14% (up from 12% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 02VRG S.A., Annual General Meeting, Jun 28, 2023VRG S.A., Annual General Meeting, Jun 28, 2023, at 12:00 Central European Standard Time.
Reported Earnings • May 21First quarter 2023 earnings released: EPS: zł0.01 (vs zł0.012 loss in 1Q 2022)First quarter 2023 results: EPS: zł0.01 (up from zł0.012 loss in 1Q 2022). Revenue: zł267.0m (up 9.5% from 1Q 2022). Net income: zł3.22m (up zł6.14m from 1Q 2022). Profit margin: 1.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł0.40 (vs zł0.28 in FY 2021)Full year 2022 results: EPS: zł0.40 (up from zł0.28 in FY 2021). Revenue: zł1.27b (up 19% from FY 2021). Net income: zł93.0m (up 40% from FY 2021). Profit margin: 7.3% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 17Price target increased by 12% to zł4.02Up from zł3.59, the current price target is an average from 3 analysts. New target price is 22% above last closing price of zł3.30. Stock is down 12% over the past year. The company is forecast to post earnings per share of zł0.36 for next year compared to zł0.28 last year.
お知らせ • Jan 26+ 2 more updatesVRG S.A. to Report First Half, 2023 Results on Aug 24, 2023VRG S.A. announced that they will report first half, 2023 results on Aug 24, 2023
Price Target Changed • Nov 16Price target increased to zł4.76Up from zł3.59, the current price target is provided by 1 analyst. New target price is 43% above last closing price of zł3.32. Stock is down 15% over the past year. The company posted earnings per share of zł0.28 last year.
Buying Opportunity • Sep 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be zł3.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to decline by 5.9% in the next 2 years.
Reported Earnings • Aug 28Second quarter 2022 earnings released: EPS: zł0.17 (vs zł0.098 in 2Q 2021)Second quarter 2022 results: EPS: zł0.17 (up from zł0.098 in 2Q 2021). Revenue: zł341.8m (up 40% from 2Q 2021). Net income: zł39.3m (up 71% from 2Q 2021). Profit margin: 12% (up from 9.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.1%, compared to a 9.8% growth forecast for the Luxury industry in Poland. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 07Inaugural dividend of zł0.17 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. This is the first dividend for VRG since going public. The average dividend yield among industry peers is 1.7%.
Reported Earnings • May 20First quarter 2022 earnings: Revenues in line with analyst expectationsFirst quarter 2022 results: Revenue: zł243.8m (up 42% from 1Q 2021). Net loss: zł2.91m (loss narrowed 86% from 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.3%, compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Price Target Changed • Apr 27Price target increased to zł4.56Up from zł3.59, the current price target is provided by 1 analyst. New target price is 22% above last closing price of zł3.74. Stock is up 8.7% over the past year. The company is forecast to post earnings per share of zł0.30 for next year compared to zł0.28 last year.
Reported Earnings • Apr 10Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: zł0.28 (up from zł0.20 loss in FY 2020). Revenue: zł1.07b (up 25% from FY 2020). Net income: zł66.3m (up zł114.5m from FY 2020). Profit margin: 6.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 18Third quarter 2021 earnings released: EPS zł0.10 (vs zł0.021 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł305.0m (up 22% from 3Q 2020). Net income: zł23.7m (up 374% from 3Q 2020). Profit margin: 7.8% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 01Price target increased to zł4.17Up from zł3.48, the current price target is an average from 3 analysts. New target price is 12% above last closing price of zł3.73. Stock is up 54% over the past year.
分析記事 • Aug 05A Look At The Fair Value Of VRG S.A. (WSE:VRG)Today we will run through one way of estimating the intrinsic value of VRG S.A. ( WSE:VRG ) by taking the expected...
Reported Earnings • Jun 01First quarter 2021 earnings released: zł0.086 loss per share (vs zł0.14 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: zł172.1m (down 13% from 1Q 2020). Net loss: zł20.1m (loss narrowed 37% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Price Target Changed • May 24Price target increased to zł3.48Up from zł2.84, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł3.64. Stock is up 51% over the past year.
Reported Earnings • Apr 18Full year 2020 earnings released: zł0.20 loss per share (vs zł0.27 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: zł853.7m (down 20% from FY 2019). Net loss: zł48.2m (down 175% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 05A Look At VRG's (WSE:VRG) Share Price ReturnsAs an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock...
分析記事 • Feb 05Is There Now An Opportunity In VRG S.A. (WSE:VRG)?VRG S.A. ( WSE:VRG ), might not be a large cap stock, but it received a lot of attention from a substantial price...
お知らせ • Jan 30+ 3 more updatesVRG S.A. to Report Q3, 2021 Results on Nov 17, 2021VRG S.A. announced that they will report Q3, 2021 results on Nov 17, 2021
お知らせ • Jan 12VRG Announces Resignation of Erwin Bakalarz from Management Board MemberVRG announced that it accepted resignation from management board member Erwin Bakalarz, effective as of January 11.
分析記事 • Dec 31Does VRG (WSE:VRG) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł2.85, the stock is trading at a trailing P/E ratio of 44.4x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 30x in the Luxury industry in Poland. Total return to shareholders over the past three years is a loss of 33%.
Is New 90 Day High Low • Dec 09New 90-day high: zł2.67The company is up 19% from its price of zł2.25 on 10 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 Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł2.98 per share.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS zł0.021The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: zł249.4m (flat on 3Q 2019). Net income: zł5.00m (up zł6.82m from 3Q 2019). Profit margin: 2.0% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 0.04%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 2.0%, compared to a 6.3% growth forecast for the Luxury industry in Poland.
Is New 90 Day High Low • Oct 30New 90-day low: zł2.00The company is down 12% from its price of zł2.27 on 31 July 2020. The Polish market is down 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł2.94 per share.
お知らせ • Jul 17VRG S.A. Announces CEO ChangesVRG S.A. announced that the company named Andrzej Jaworski new CEO to replace freshly dismissed to-date helmsman Michal Wojcik.