View Future GrowthCognor Holding 過去の業績過去 基準チェック /06Cognor Holdingの収益は年間平均-44.2%の割合で減少していますが、 Metals and Mining業界の収益は年間 減少しています。収益は年間7.6% 5.4%割合で 減少しています。主要情報-44.21%収益成長率-39.79%EPS成長率Metals and Mining 業界の成長25.66%収益成長率-5.43%株主資本利益率-8.27%ネット・マージン-5.51%次回の業績アップデート28 Aug 2026最近の業績更新Reported Earnings • Nov 17Third quarter 2025 earnings released: zł0.14 loss per share (vs zł0.17 loss in 3Q 2024)Third quarter 2025 results: zł0.14 loss per share (improved from zł0.17 loss in 3Q 2024). Revenue: zł496.3m (flat on 3Q 2024). Net loss: zł24.7m (loss narrowed 13% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.お知らせ • Nov 10Cognor Holding S.A. to Report Q3, 2025 Results on Nov 12, 2025Cognor Holding S.A. announced that they will report Q3, 2025 results on Nov 12, 2025Reported Earnings • Sep 03Second quarter 2025 earnings released: zł0.07 loss per share (vs zł0.011 profit in 2Q 2024)Second quarter 2025 results: zł0.07 loss per share (down from zł0.011 profit in 2Q 2024). Revenue: zł594.9m (up 8.0% from 2Q 2024). Net loss: zł11.2m (down zł13.1m from profit in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.お知らせ • Aug 20Cognor Holding S.A. to Report First Half, 2025 Results on Aug 29, 2025Cognor Holding S.A. announced that they will report first half, 2025 results on Aug 29, 2025Reported Earnings • May 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: zł0.31 loss per share (down from zł1.34 profit in FY 2023). Revenue: zł2.29b (down 16% from FY 2023). Net loss: zł54.0m (down 124% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Nov 17Third quarter 2024 earnings released: zł0.17 loss per share (vs zł0.17 profit in 3Q 2023)Third quarter 2024 results: zł0.17 loss per share (down from zł0.17 profit in 3Q 2023). Revenue: zł498.3m (flat on 3Q 2023). Net loss: zł28.6m (down 201% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesNew Risk • May 22New 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding).New Risk • May 21New major risk - Revenue and earnings growthEarnings have declined by 34% 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 Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding).Buy Or Sell Opportunity • May 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to zł4.85. The fair value is estimated to be zł6.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.6% in a year. Earnings are forecast to grow by 31% in the next year.Buy Or Sell Opportunity • Apr 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to zł4.90. The fair value is estimated to be zł6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.Major Estimate Revision • Feb 24Consensus EPS estimates fall by 80%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -zł0.20 to -zł0.36 per share. Revenue forecast unchanged at zł2.17b. Metals and Mining industry in Poland expected to see average net income growth of 60% next year. Consensus price target up from zł2.51 to zł5.03. Share price was steady at zł4.97 over the past week.New Risk • Jan 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).分析記事 • Nov 22Shareholders Should Be Pleased With Cognor Holding S.A.'s (WSE:COG) PriceWith a median price-to-sales (or "P/S") ratio of close to 0.4x in the Metals and Mining industry in Poland, you could...New Risk • Nov 21New 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Earnings have declined by 23% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).Reported Earnings • Nov 17Third quarter 2025 earnings released: zł0.14 loss per share (vs zł0.17 loss in 3Q 2024)Third quarter 2025 results: zł0.14 loss per share (improved from zł0.17 loss in 3Q 2024). Revenue: zł496.3m (flat on 3Q 2024). Net loss: zł24.7m (loss narrowed 13% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.お知らせ • Nov 10Cognor Holding S.A. to Report Q3, 2025 Results on Nov 12, 2025Cognor Holding S.A. announced that they will report Q3, 2025 results on Nov 12, 2025New Risk • Oct 12New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years.分析記事 • Oct 09Health Check: How Prudently Does Cognor Holding (WSE:COG) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • Sep 11Consensus revenue estimates fall by 27%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from zł2.96b to zł2.16b. Forecast losses increased from -zł0.05 to -zł0.20 per share. Metals and Mining industry in Poland expected to see average net income growth of 26% next year. Consensus price target down from zł3.79 to zł2.51. Share price rose 5.9% to zł6.95 over the past week.Price Target Changed • Sep 10Price target decreased by 34% to zł2.51Down from zł3.79, the current price target is provided by 1 analyst. New target price is 64% below last closing price of zł6.99. Stock is up 5.9% over the past year. The company is forecast to post a net loss per share of zł0.20 next year compared to a net loss per share of zł0.31 last year.Reported Earnings • Sep 03Second quarter 2025 earnings released: zł0.07 loss per share (vs zł0.011 profit in 2Q 2024)Second quarter 2025 results: zł0.07 loss per share (down from zł0.011 profit in 2Q 2024). Revenue: zł594.9m (up 8.0% from 2Q 2024). Net loss: zł11.2m (down zł13.1m from profit in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.お知らせ • Aug 20Cognor Holding S.A. to Report First Half, 2025 Results on Aug 29, 2025Cognor Holding S.A. announced that they will report first half, 2025 results on Aug 29, 2025New Risk • Jul 09New major risk - Revenue and earnings growthEarnings have declined by 0.3% 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 Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk High level of debt (55% net debt to equity).New Risk • May 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.Reported Earnings • May 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: zł0.31 loss per share (down from zł1.34 profit in FY 2023). Revenue: zł2.29b (down 16% from FY 2023). Net loss: zł54.0m (down 124% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.分析記事 • Mar 07Even With A 32% Surge, Cautious Investors Are Not Rewarding Cognor Holding S.A.'s (WSE:COG) Performance CompletelyCognor Holding S.A. ( WSE:COG ) shareholders would be excited to see that the share price has had a great month...New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company.分析記事 • Dec 15Cognor Holding S.A. (WSE:COG) Stock Rockets 29% But Many Are Still Ignoring The CompanyCognor Holding S.A. ( WSE:COG ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...New Risk • Nov 20New 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. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 17Third quarter 2024 earnings released: zł0.17 loss per share (vs zł0.17 profit in 3Q 2023)Third quarter 2024 results: zł0.17 loss per share (down from zł0.17 profit in 3Q 2023). Revenue: zł498.3m (flat on 3Q 2023). Net loss: zł28.6m (down 201% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł5.37, the stock trades at a forward P/E ratio of 512x. Average forward P/E is 11x in the Metals and Mining industry in Poland. Total returns to shareholders of 64% over the past three years.New Risk • Sep 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).Price Target Changed • Sep 21Price target decreased by 29% to zł3.80Down from zł5.36, the current price target is provided by 1 analyst. New target price is 43% below last closing price of zł6.70. Stock is down 11% over the past year. The company is forecast to post earnings per share of zł0.07 for next year compared to zł1.34 last year.分析記事 • Sep 01News Flash: 2 Analysts Think Cognor Holding S.A. (WSE:COG) Earnings Are Under ThreatToday is shaping up negative for Cognor Holding S.A. ( WSE:COG ) shareholders, with the analysts delivering a...Major Estimate Revision • Aug 30Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from zł3.00b to zł2.65b. EPS estimate unchanged at zł0.64 per share. Net income forecast to grow 96% next year vs 24% growth forecast for Metals and Mining industry in Poland. Consensus price target down from zł5.36 to zł5.05. Share price fell 3.4% to zł7.28 over the past week.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: zł0.01 (vs zł0.14 in 2Q 2023)Second quarter 2024 results: EPS: zł0.01 (down from zł0.14 in 2Q 2023). Revenue: zł550.9m (down 28% from 2Q 2023). Net income: zł1.90m (down 92% from 2Q 2023). Profit margin: 0.3% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.New Risk • Jun 10New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin).お知らせ • May 31Cognor Holding S.A., Annual General Meeting, Jun 26, 2024Cognor Holding S.A., Annual General Meeting, Jun 26, 2024.分析記事 • May 01Why Cognor Holding's (WSE:COG) Soft Earnings Are Just The Beginning Of Its ProblemsCognor Holding S.A.'s ( WSE:COG ) lackluster earnings announcement last week disappointed investors. We looked deeper...Reported Earnings • Apr 28Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: zł1.34 (down from zł3.37 in FY 2022). Revenue: zł2.72b (down 26% from FY 2022). Net income: zł229.3m (down 60% from FY 2022). Profit margin: 8.4% (down from 16% in FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Poland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł9.75, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Metals and Mining industry in Poland. Total returns to shareholders of 280% over the past three years.分析記事 • Apr 12There Is A Reason Cognor Holding S.A.'s (WSE:COG) Price Is UndemandingWith a price-to-earnings (or "P/E") ratio of 4.7x Cognor Holding S.A. ( WSE:COG ) may be sending very bullish signals...お知らせ • Mar 27Cognor Holding S.A. to Report Fiscal Year 2023 Results on Apr 19, 2024Cognor Holding S.A. announced that they will report fiscal year 2023 results on Apr 19, 2024お知らせ • Jan 30+ 3 more updatesCognor Holding S.A. to Report Q1, 2024 Results on Apr 30, 2024Cognor Holding S.A. announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: zł0.17 (vs zł0.72 in 3Q 2022)Third quarter 2023 results: EPS: zł0.17 (down from zł0.72 in 3Q 2022). Revenue: zł499.5m (down 33% from 3Q 2022). Net income: zł28.4m (down 77% from 3Q 2022). Profit margin: 5.7% (down from 16% in 3Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł7.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 686% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł11.34 per share.分析記事 • Sep 07Time To Worry? Analysts Just Downgraded Their Cognor Holding S.A. (WSE:COG) OutlookThe latest analyst coverage could presage a bad day for Cognor Holding S.A. ( WSE:COG ), with the analysts making...Major Estimate Revision • Sep 06Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from zł3.15b to zł2.83b. EPS estimate fell from zł1.50 to zł1.45 per share. Net income forecast to shrink 62% next year vs 9.3% decline forecast for Metals and Mining industry in Poland. Consensus price target down from zł7.64 to zł6.40. Share price fell 5.9% to zł7.88 over the past week.Reported Earnings • Aug 21Second quarter 2023 earnings released: EPS: zł0.14 (vs zł1.05 in 2Q 2022)Second quarter 2023 results: EPS: zł0.14 (down from zł1.05 in 2Q 2022). Revenue: zł764.6m (down 26% from 2Q 2022). Net income: zł23.7m (down 87% from 2Q 2022). Profit margin: 3.1% (down from 17% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jul 21Cognor Holding S.A.'s (WSE:COG) Intrinsic Value Is Potentially 55% Above Its Share PriceKey Insights The projected fair value for Cognor Holding is zł11.92 based on 2 Stage Free Cash Flow to Equity Cognor...New Risk • Jul 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 49% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 49% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).New Risk • Jul 04New major 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 9.2% 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 Risks Earnings are forecast to decline by an average of 40% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change).Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł8.42, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 951% over the past three years.分析記事 • May 23Here's Why Cognor Holding (WSE:COG) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • May 21First quarter 2023 earnings released: EPS: zł0.99 (vs zł0.86 in 1Q 2022)First quarter 2023 results: EPS: zł0.99 (up from zł0.86 in 1Q 2022). Revenue: zł887.4m (down 7.8% from 1Q 2022). Net income: zł169.0m (up 14% from 1Q 2022). Profit margin: 19% (up from 15% in 1Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • May 05We Think Cognor Holding (WSE:COG) Might Have The DNA Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł8.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 1,183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł12.73 per share.Upcoming Dividend • Apr 27Upcoming dividend of zł1.22 per share at 12% yieldEligible shareholders must have bought the stock before 04 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Polish dividend payers (7.7%). Higher than average of industry peers (5.1%).Buying Opportunity • Apr 19Now 20% undervaluedOver the last 90 days, the stock is up 83%. The fair value is estimated to be zł12.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is forecast to decline by 37% per annum over the same time period.Buying Opportunity • Apr 04Now 20% undervaluedOver the last 90 days, the stock is up 123%. The fair value is estimated to be zł12.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is forecast to decline by 37% per annum over the same time period.分析記事 • Mar 23Is Cognor Holding S.A. (WSE:COG) Trading At A 25% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Cognor Holding fair value estimate is zł12.74 Cognor Holding...Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł9.57, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 1,295% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł12.74 per share.Reported Earnings • Mar 06Full year 2022 earnings released: EPS: zł3.37 (vs zł2.05 in FY 2021)Full year 2022 results: EPS: zł3.37 (up from zł2.05 in FY 2021). Revenue: zł3.67b (up 30% from FY 2021). Net income: zł577.9m (up 69% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 2 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.72, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 787% over the past three years.お知らせ • Feb 03+ 3 more updatesCognor Holding S.A. to Report Q3, 2023 Results on Oct 31, 2023Cognor Holding S.A. announced that they will report Q3, 2023 results on Oct 31, 2023Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł6.90, the stock trades at a trailing P/E ratio of 2.1x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 510% over the past three years.分析記事 • Dec 15Here's Why Cognor Holding (WSE:COG) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Buying Opportunity • Dec 07Now 20% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł4.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 101%.Price Target Changed • Nov 16Price target decreased to zł4.67Down from zł5.89, the current price target is an average from 2 analysts. New target price is 22% above last closing price of zł3.81. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of zł2.51 for next year compared to zł2.05 last year.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: zł0.72 (vs zł0.62 in 3Q 2021)Third quarter 2022 results: EPS: zł0.72 (up from zł0.62 in 3Q 2021). Revenue: zł749.4m (up 4.5% from 3Q 2021). Net income: zł123.1m (up 15% from 3Q 2021). Profit margin: 16% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 2.2% decline forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.分析記事 • Oct 11Cognor Holding S.A. (WSE:COG) Shares Could Be 45% Below Their Intrinsic Value EstimateToday we'll do a simple run through of a valuation method used to estimate the attractiveness of Cognor Holding S.A...Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: zł1.05 (vs zł0.43 in 2Q 2021)Second quarter 2022 results: EPS: zł1.05 (up from zł0.43 in 2Q 2021). Revenue: zł1.03b (up 44% from 2Q 2021). Net income: zł180.0m (up 142% from 2Q 2021). Profit margin: 17% (up from 10% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.7% compared to a 2.4% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of zł0.15 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Polish dividend payers (8.4%). In line with average of industry peers (3.9%).分析記事 • Jul 19Does Cognor Holding (WSE:COG) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Price Target Changed • Jul 15Price target decreased to zł4.67Down from zł6.13, the current price target is an average from 2 analysts. New target price is 20% above last closing price of zł3.89. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of zł1.57 for next year compared to zł2.05 last year.分析記事 • May 24Shareholders Would Enjoy A Repeat Of Cognor Holding's (WSE:COG) Recent Growth In ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Price Target Changed • Apr 27Price target increased to zł6.13Up from zł5.11, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł5.96. Stock is up 87% over the past year. The company is forecast to post earnings per share of zł2.11 for next year compared to zł0.26 last year.Price Target Changed • Apr 15Price target increased to zł6.13Up from zł5.11, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł6.03. Stock is up 96% over the past year. The company is forecast to post earnings per share of zł2.11 for next year compared to zł0.26 last year.分析記事 • Mar 09Broker Revenue Forecasts For Cognor Holding S.A. (WSE:COG) Are Surging HigherShareholders in Cognor Holding S.A. ( WSE:COG ) may be thrilled to learn that the covering analyst has just delivered a...Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 35% share price gain to zł5.55, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 252% over the past three years.Buying Opportunity • Feb 15Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be zł5.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years.分析記事 • Jan 29This Analyst Just Wrote A Brand New Outlook For Cognor Holding S.A.'s (WSE:COG) BusinessCognor Holding S.A. ( WSE:COG ) shareholders will have a reason to smile today, with the covering analyst making...Price Target Changed • Jan 25Price target decreased to zł4.59Down from zł5.04, the current price target is provided by 1 analyst. New target price is 12% above last closing price of zł4.09. Stock is up 134% over the past year. The company is forecast to post earnings per share of zł1.70 for next year compared to zł0.26 last year.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS zł0.62 (vs zł0.014 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł716.9m (up 93% from 3Q 2020). Net income: zł107.0m (up zł105.2m from 3Q 2020). Profit margin: 15% (up from 0.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 22Upcoming dividend of zł0.15 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 11 October 2021. Trailing yield: 3.8%. Lower than top quartile of Polish dividend payers (6.2%). Higher than average of industry peers (2.1%).分析記事 • Aug 08Calculating The Intrinsic Value Of Cognor Holding S.A. (WSE:COG)Does the August share price for Cognor Holding S.A. ( WSE:COG ) reflect what it's really worth? Today, we will estimate...Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to zł4.26, the stock trades at a trailing P/E ratio of 7.7x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 167% over the past three years.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.64, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 175% over the past three years.分析記事 • May 24These 4 Measures Indicate That Cognor Holding (WSE:COG) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Reported Earnings • May 04First quarter 2021 earnings released: EPS zł0.28 (vs zł0.023 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł584.1m (up 27% from 1Q 2020). Net income: zł43.0m (up zł40.1m from 1Q 2020). Profit margin: 7.4% (up from 0.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.分析記事 • May 03Cognor Holding (WSE:COG) Is Looking To Continue Growing Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...分析記事 • Apr 06Calculating The Intrinsic Value Of Cognor Holding S.A. (WSE:COG)Does the April share price for Cognor Holding S.A. ( WSE:COG ) reflect what it's really worth? Today, we will estimate...分析記事 • Mar 18If You Had Bought Cognor Holding (WSE:COG) Shares A Year Ago You'd Have Earned 302% ReturnsWhile stock picking isn't easy, for those willing to persist and learn, it is possible to buy shares in great...Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł3.04, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 11x in the Metals and Mining industry in Poland. Total returns to shareholders over the past three years are 137%.Reported Earnings • Mar 04Full year 2020 earnings released: EPS zł0.27 (vs zł0.16 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł1.73b (down 8.9% from FY 2019). Net income: zł33.5m (up 76% from FY 2019). Profit margin: 1.9% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Mar 04Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.2%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 31%, compared to a 18% growth forecast for the Metals and Mining industry in Poland.分析記事 • Mar 01Has Cognor Holding S.A.'s (WSE:COG) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Cognor Holding (WSE:COG) has had a great run on the share market with its stock up by a significant 115% over the last...Is New 90 Day High Low • Feb 25New 90-day high: zł2.58The company is up 111% from its price of zł1.22 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period.お知らせ • Feb 24Troesh Family Foundation acquired 11.3% stake in Cognor Holding S.A. (WSE:COG).Troesh Family Foundation acquired 11.3% stake in Cognor Holding S.A. (WSE:COG) on February 22, 2021. Troesh Family Foundation completed the acquisition of 11.3% stake in Cognor Holding S.A. (WSE:COG) on February 22, 2021.収支内訳Cognor Holding 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:COG 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 262,129-117193031 Dec 252,081-130191030 Sep 252,193-83195030 Jun 252,194-87194031 Mar 252,150-74186031 Dec 242,293-54191030 Sep 242,305-12191030 Jun 242,30745123031 Mar 242,52066195031 Dec 232,722229191030 Sep 233,075348197030 Jun 233,325443213031 Mar 233,592599215031 Dec 223,667578218030 Sep 223,574570210030 Jun 223,528553194031 Mar 223,198448177031 Dec 212,811343166030 Sep 212,425231157030 Jun 212,095126147031 Mar 211,84873137031 Dec 201,73333128030 Sep 201,75421117030 Jun 201,78218121031 Mar 201,84213122031 Dec 191,90219123030 Sep 191,90719133030 Jun 192,05852131031 Mar 192,07752129031 Dec 182,08269124030 Sep 182,05590125030 Jun 181,99953124031 Mar 181,87543119031 Dec 171,78948117030 Sep 171,68830110030 Jun 171,50246101031 Mar 171,4603997031 Dec 161,377491030 Sep 161,334485030 Jun 161,366-2183031 Mar 161,350-2881031 Dec 151,366-1485030 Sep 151,402-1584030 Jun 151,427-6860質の高い収益: COGは現在利益が出ていません。利益率の向上: COGは現在利益が出ていません。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: COGは利益が出ておらず、過去 5 年間で損失は年間44.2%の割合で増加しています。成長の加速: COGの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: COGは利益が出ていないため、過去 1 年間の収益成長をMetals and Mining業界 ( 19.6% ) と比較することは困難です。株主資本利益率高いROE: COGは現在利益が出ていないため、自己資本利益率 ( -8.27% ) はマイナスです。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7D1Y7D1Y7D1YMaterials 、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2026/05/25 02:52終値2026/05/25 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Cognor Holding S.A. 1 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。4 アナリスト機関Henning EsskuchenErste Group Bank AGJakub SzkopekErste Group Bank AGnull nullWood & Company1 その他のアナリストを表示
Reported Earnings • Nov 17Third quarter 2025 earnings released: zł0.14 loss per share (vs zł0.17 loss in 3Q 2024)Third quarter 2025 results: zł0.14 loss per share (improved from zł0.17 loss in 3Q 2024). Revenue: zł496.3m (flat on 3Q 2024). Net loss: zł24.7m (loss narrowed 13% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 10Cognor Holding S.A. to Report Q3, 2025 Results on Nov 12, 2025Cognor Holding S.A. announced that they will report Q3, 2025 results on Nov 12, 2025
Reported Earnings • Sep 03Second quarter 2025 earnings released: zł0.07 loss per share (vs zł0.011 profit in 2Q 2024)Second quarter 2025 results: zł0.07 loss per share (down from zł0.011 profit in 2Q 2024). Revenue: zł594.9m (up 8.0% from 2Q 2024). Net loss: zł11.2m (down zł13.1m from profit in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 20Cognor Holding S.A. to Report First Half, 2025 Results on Aug 29, 2025Cognor Holding S.A. announced that they will report first half, 2025 results on Aug 29, 2025
Reported Earnings • May 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: zł0.31 loss per share (down from zł1.34 profit in FY 2023). Revenue: zł2.29b (down 16% from FY 2023). Net loss: zł54.0m (down 124% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 17Third quarter 2024 earnings released: zł0.17 loss per share (vs zł0.17 profit in 3Q 2023)Third quarter 2024 results: zł0.17 loss per share (down from zł0.17 profit in 3Q 2023). Revenue: zł498.3m (flat on 3Q 2023). Net loss: zł28.6m (down 201% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
New Risk • May 22New 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding).
New Risk • May 21New major risk - Revenue and earnings growthEarnings have declined by 34% 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 Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding).
Buy Or Sell Opportunity • May 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.8% to zł4.85. The fair value is estimated to be zł6.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 8.6% in a year. Earnings are forecast to grow by 31% in the next year.
Buy Or Sell Opportunity • Apr 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to zł4.90. The fair value is estimated to be zł6.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 91% in the next 2 years.
Major Estimate Revision • Feb 24Consensus EPS estimates fall by 80%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -zł0.20 to -zł0.36 per share. Revenue forecast unchanged at zł2.17b. Metals and Mining industry in Poland expected to see average net income growth of 60% next year. Consensus price target up from zł2.51 to zł5.03. Share price was steady at zł4.97 over the past week.
New Risk • Jan 02New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change).
分析記事 • Nov 22Shareholders Should Be Pleased With Cognor Holding S.A.'s (WSE:COG) PriceWith a median price-to-sales (or "P/S") ratio of close to 0.4x in the Metals and Mining industry in Poland, you could...
New Risk • Nov 21New 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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). Earnings have declined by 23% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).
Reported Earnings • Nov 17Third quarter 2025 earnings released: zł0.14 loss per share (vs zł0.17 loss in 3Q 2024)Third quarter 2025 results: zł0.14 loss per share (improved from zł0.17 loss in 3Q 2024). Revenue: zł496.3m (flat on 3Q 2024). Net loss: zł24.7m (loss narrowed 13% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 10Cognor Holding S.A. to Report Q3, 2025 Results on Nov 12, 2025Cognor Holding S.A. announced that they will report Q3, 2025 results on Nov 12, 2025
New Risk • Oct 12New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years.
分析記事 • Oct 09Health Check: How Prudently Does Cognor Holding (WSE:COG) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • Sep 11Consensus revenue estimates fall by 27%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from zł2.96b to zł2.16b. Forecast losses increased from -zł0.05 to -zł0.20 per share. Metals and Mining industry in Poland expected to see average net income growth of 26% next year. Consensus price target down from zł3.79 to zł2.51. Share price rose 5.9% to zł6.95 over the past week.
Price Target Changed • Sep 10Price target decreased by 34% to zł2.51Down from zł3.79, the current price target is provided by 1 analyst. New target price is 64% below last closing price of zł6.99. Stock is up 5.9% over the past year. The company is forecast to post a net loss per share of zł0.20 next year compared to a net loss per share of zł0.31 last year.
Reported Earnings • Sep 03Second quarter 2025 earnings released: zł0.07 loss per share (vs zł0.011 profit in 2Q 2024)Second quarter 2025 results: zł0.07 loss per share (down from zł0.011 profit in 2Q 2024). Revenue: zł594.9m (up 8.0% from 2Q 2024). Net loss: zł11.2m (down zł13.1m from profit in 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 20Cognor Holding S.A. to Report First Half, 2025 Results on Aug 29, 2025Cognor Holding S.A. announced that they will report first half, 2025 results on Aug 29, 2025
New Risk • Jul 09New major risk - Revenue and earnings growthEarnings have declined by 0.3% 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 Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk High level of debt (55% net debt to equity).
New Risk • May 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company.
Reported Earnings • May 04Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: zł0.31 loss per share (down from zł1.34 profit in FY 2023). Revenue: zł2.29b (down 16% from FY 2023). Net loss: zł54.0m (down 124% from profit in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
分析記事 • Mar 07Even With A 32% Surge, Cautious Investors Are Not Rewarding Cognor Holding S.A.'s (WSE:COG) Performance CompletelyCognor Holding S.A. ( WSE:COG ) shareholders would be excited to see that the share price has had a great month...
New Risk • Feb 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 36% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company.
分析記事 • Dec 15Cognor Holding S.A. (WSE:COG) Stock Rockets 29% But Many Are Still Ignoring The CompanyCognor Holding S.A. ( WSE:COG ) shares have had a really impressive month, gaining 29% after a shaky period beforehand...
New Risk • Nov 20New 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 17Third quarter 2024 earnings released: zł0.17 loss per share (vs zł0.17 profit in 3Q 2023)Third quarter 2024 results: zł0.17 loss per share (down from zł0.17 profit in 3Q 2023). Revenue: zł498.3m (flat on 3Q 2023). Net loss: zł28.6m (down 201% from profit in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł5.37, the stock trades at a forward P/E ratio of 512x. Average forward P/E is 11x in the Metals and Mining industry in Poland. Total returns to shareholders of 64% over the past three years.
New Risk • Sep 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin).
Price Target Changed • Sep 21Price target decreased by 29% to zł3.80Down from zł5.36, the current price target is provided by 1 analyst. New target price is 43% below last closing price of zł6.70. Stock is down 11% over the past year. The company is forecast to post earnings per share of zł0.07 for next year compared to zł1.34 last year.
分析記事 • Sep 01News Flash: 2 Analysts Think Cognor Holding S.A. (WSE:COG) Earnings Are Under ThreatToday is shaping up negative for Cognor Holding S.A. ( WSE:COG ) shareholders, with the analysts delivering a...
Major Estimate Revision • Aug 30Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from zł3.00b to zł2.65b. EPS estimate unchanged at zł0.64 per share. Net income forecast to grow 96% next year vs 24% growth forecast for Metals and Mining industry in Poland. Consensus price target down from zł5.36 to zł5.05. Share price fell 3.4% to zł7.28 over the past week.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: zł0.01 (vs zł0.14 in 2Q 2023)Second quarter 2024 results: EPS: zł0.01 (down from zł0.14 in 2Q 2023). Revenue: zł550.9m (down 28% from 2Q 2023). Net income: zł1.90m (down 92% from 2Q 2023). Profit margin: 0.3% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
New Risk • Jun 10New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin).
お知らせ • May 31Cognor Holding S.A., Annual General Meeting, Jun 26, 2024Cognor Holding S.A., Annual General Meeting, Jun 26, 2024.
分析記事 • May 01Why Cognor Holding's (WSE:COG) Soft Earnings Are Just The Beginning Of Its ProblemsCognor Holding S.A.'s ( WSE:COG ) lackluster earnings announcement last week disappointed investors. We looked deeper...
Reported Earnings • Apr 28Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: zł1.34 (down from zł3.37 in FY 2022). Revenue: zł2.72b (down 26% from FY 2022). Net income: zł229.3m (down 60% from FY 2022). Profit margin: 8.4% (down from 16% in FY 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Poland are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł9.75, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Metals and Mining industry in Poland. Total returns to shareholders of 280% over the past three years.
分析記事 • Apr 12There Is A Reason Cognor Holding S.A.'s (WSE:COG) Price Is UndemandingWith a price-to-earnings (or "P/E") ratio of 4.7x Cognor Holding S.A. ( WSE:COG ) may be sending very bullish signals...
お知らせ • Mar 27Cognor Holding S.A. to Report Fiscal Year 2023 Results on Apr 19, 2024Cognor Holding S.A. announced that they will report fiscal year 2023 results on Apr 19, 2024
お知らせ • Jan 30+ 3 more updatesCognor Holding S.A. to Report Q1, 2024 Results on Apr 30, 2024Cognor Holding S.A. announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: zł0.17 (vs zł0.72 in 3Q 2022)Third quarter 2023 results: EPS: zł0.17 (down from zł0.72 in 3Q 2022). Revenue: zł499.5m (down 33% from 3Q 2022). Net income: zł28.4m (down 77% from 3Q 2022). Profit margin: 5.7% (down from 16% in 3Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł7.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 686% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł11.34 per share.
分析記事 • Sep 07Time To Worry? Analysts Just Downgraded Their Cognor Holding S.A. (WSE:COG) OutlookThe latest analyst coverage could presage a bad day for Cognor Holding S.A. ( WSE:COG ), with the analysts making...
Major Estimate Revision • Sep 06Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from zł3.15b to zł2.83b. EPS estimate fell from zł1.50 to zł1.45 per share. Net income forecast to shrink 62% next year vs 9.3% decline forecast for Metals and Mining industry in Poland. Consensus price target down from zł7.64 to zł6.40. Share price fell 5.9% to zł7.88 over the past week.
Reported Earnings • Aug 21Second quarter 2023 earnings released: EPS: zł0.14 (vs zł1.05 in 2Q 2022)Second quarter 2023 results: EPS: zł0.14 (down from zł1.05 in 2Q 2022). Revenue: zł764.6m (down 26% from 2Q 2022). Net income: zł23.7m (down 87% from 2Q 2022). Profit margin: 3.1% (down from 17% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jul 21Cognor Holding S.A.'s (WSE:COG) Intrinsic Value Is Potentially 55% Above Its Share PriceKey Insights The projected fair value for Cognor Holding is zł11.92 based on 2 Stage Free Cash Flow to Equity Cognor...
New Risk • Jul 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 49% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 49% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change).
New Risk • Jul 04New major 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 9.2% 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 Risks Earnings are forecast to decline by an average of 40% per year for the foreseeable future. High level of non-cash earnings (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change).
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł8.42, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 951% over the past three years.
分析記事 • May 23Here's Why Cognor Holding (WSE:COG) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • May 21First quarter 2023 earnings released: EPS: zł0.99 (vs zł0.86 in 1Q 2022)First quarter 2023 results: EPS: zł0.99 (up from zł0.86 in 1Q 2022). Revenue: zł887.4m (down 7.8% from 1Q 2022). Net income: zł169.0m (up 14% from 1Q 2022). Profit margin: 19% (up from 15% in 1Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • May 05We Think Cognor Holding (WSE:COG) Might Have The DNA Of A Multi-BaggerWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Valuation Update With 7 Day Price Move • May 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to zł8.90, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 1,183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł12.73 per share.
Upcoming Dividend • Apr 27Upcoming dividend of zł1.22 per share at 12% yieldEligible shareholders must have bought the stock before 04 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Polish dividend payers (7.7%). Higher than average of industry peers (5.1%).
Buying Opportunity • Apr 19Now 20% undervaluedOver the last 90 days, the stock is up 83%. The fair value is estimated to be zł12.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is forecast to decline by 37% per annum over the same time period.
Buying Opportunity • Apr 04Now 20% undervaluedOver the last 90 days, the stock is up 123%. The fair value is estimated to be zł12.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is forecast to decline by 37% per annum over the same time period.
分析記事 • Mar 23Is Cognor Holding S.A. (WSE:COG) Trading At A 25% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, Cognor Holding fair value estimate is zł12.74 Cognor Holding...
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł9.57, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 1,295% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł12.74 per share.
Reported Earnings • Mar 06Full year 2022 earnings released: EPS: zł3.37 (vs zł2.05 in FY 2021)Full year 2022 results: EPS: zł3.37 (up from zł2.05 in FY 2021). Revenue: zł3.67b (up 30% from FY 2021). Net income: zł577.9m (up 69% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 13% p.a. on average during the next 2 years compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.72, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 787% over the past three years.
お知らせ • Feb 03+ 3 more updatesCognor Holding S.A. to Report Q3, 2023 Results on Oct 31, 2023Cognor Holding S.A. announced that they will report Q3, 2023 results on Oct 31, 2023
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł6.90, the stock trades at a trailing P/E ratio of 2.1x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 510% over the past three years.
分析記事 • Dec 15Here's Why Cognor Holding (WSE:COG) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Buying Opportunity • Dec 07Now 20% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł4.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 101%.
Price Target Changed • Nov 16Price target decreased to zł4.67Down from zł5.89, the current price target is an average from 2 analysts. New target price is 22% above last closing price of zł3.81. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of zł2.51 for next year compared to zł2.05 last year.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: zł0.72 (vs zł0.62 in 3Q 2021)Third quarter 2022 results: EPS: zł0.72 (up from zł0.62 in 3Q 2021). Revenue: zł749.4m (up 4.5% from 3Q 2021). Net income: zł123.1m (up 15% from 3Q 2021). Profit margin: 16% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 3.7% p.a. on average during the next 3 years compared to a 2.2% decline forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
分析記事 • Oct 11Cognor Holding S.A. (WSE:COG) Shares Could Be 45% Below Their Intrinsic Value EstimateToday we'll do a simple run through of a valuation method used to estimate the attractiveness of Cognor Holding S.A...
Reported Earnings • Aug 21Second quarter 2022 earnings released: EPS: zł1.05 (vs zł0.43 in 2Q 2021)Second quarter 2022 results: EPS: zł1.05 (up from zł0.43 in 2Q 2021). Revenue: zł1.03b (up 44% from 2Q 2021). Net income: zł180.0m (up 142% from 2Q 2021). Profit margin: 17% (up from 10% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.7% compared to a 2.4% growth forecast for the Metals and Mining industry in Poland. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of zł0.15 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Polish dividend payers (8.4%). In line with average of industry peers (3.9%).
分析記事 • Jul 19Does Cognor Holding (WSE:COG) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Price Target Changed • Jul 15Price target decreased to zł4.67Down from zł6.13, the current price target is an average from 2 analysts. New target price is 20% above last closing price of zł3.89. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of zł1.57 for next year compared to zł2.05 last year.
分析記事 • May 24Shareholders Would Enjoy A Repeat Of Cognor Holding's (WSE:COG) Recent Growth In ReturnsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Price Target Changed • Apr 27Price target increased to zł6.13Up from zł5.11, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł5.96. Stock is up 87% over the past year. The company is forecast to post earnings per share of zł2.11 for next year compared to zł0.26 last year.
Price Target Changed • Apr 15Price target increased to zł6.13Up from zł5.11, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of zł6.03. Stock is up 96% over the past year. The company is forecast to post earnings per share of zł2.11 for next year compared to zł0.26 last year.
分析記事 • Mar 09Broker Revenue Forecasts For Cognor Holding S.A. (WSE:COG) Are Surging HigherShareholders in Cognor Holding S.A. ( WSE:COG ) may be thrilled to learn that the covering analyst has just delivered a...
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment improved over the past weekAfter last week's 35% share price gain to zł5.55, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 252% over the past three years.
Buying Opportunity • Feb 15Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be zł5.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years.
分析記事 • Jan 29This Analyst Just Wrote A Brand New Outlook For Cognor Holding S.A.'s (WSE:COG) BusinessCognor Holding S.A. ( WSE:COG ) shareholders will have a reason to smile today, with the covering analyst making...
Price Target Changed • Jan 25Price target decreased to zł4.59Down from zł5.04, the current price target is provided by 1 analyst. New target price is 12% above last closing price of zł4.09. Stock is up 134% over the past year. The company is forecast to post earnings per share of zł1.70 for next year compared to zł0.26 last year.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS zł0.62 (vs zł0.014 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł716.9m (up 93% from 3Q 2020). Net income: zł107.0m (up zł105.2m from 3Q 2020). Profit margin: 15% (up from 0.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 22Upcoming dividend of zł0.15 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 11 October 2021. Trailing yield: 3.8%. Lower than top quartile of Polish dividend payers (6.2%). Higher than average of industry peers (2.1%).
分析記事 • Aug 08Calculating The Intrinsic Value Of Cognor Holding S.A. (WSE:COG)Does the August share price for Cognor Holding S.A. ( WSE:COG ) reflect what it's really worth? Today, we will estimate...
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to zł4.26, the stock trades at a trailing P/E ratio of 7.7x. Average forward P/E is 8x in the Metals and Mining industry in Poland. Total returns to shareholders of 167% over the past three years.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.64, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 175% over the past three years.
分析記事 • May 24These 4 Measures Indicate That Cognor Holding (WSE:COG) Is Using Debt Reasonably WellWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • May 04First quarter 2021 earnings released: EPS zł0.28 (vs zł0.023 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł584.1m (up 27% from 1Q 2020). Net income: zł43.0m (up zł40.1m from 1Q 2020). Profit margin: 7.4% (up from 0.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
分析記事 • May 03Cognor Holding (WSE:COG) Is Looking To Continue Growing Its Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
分析記事 • Apr 06Calculating The Intrinsic Value Of Cognor Holding S.A. (WSE:COG)Does the April share price for Cognor Holding S.A. ( WSE:COG ) reflect what it's really worth? Today, we will estimate...
分析記事 • Mar 18If You Had Bought Cognor Holding (WSE:COG) Shares A Year Ago You'd Have Earned 302% ReturnsWhile stock picking isn't easy, for those willing to persist and learn, it is possible to buy shares in great...
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł3.04, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 11x in the Metals and Mining industry in Poland. Total returns to shareholders over the past three years are 137%.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS zł0.27 (vs zł0.16 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł1.73b (down 8.9% from FY 2019). Net income: zł33.5m (up 76% from FY 2019). Profit margin: 1.9% (up from 1.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Mar 04Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.2%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 31%, compared to a 18% growth forecast for the Metals and Mining industry in Poland.
分析記事 • Mar 01Has Cognor Holding S.A.'s (WSE:COG) Impressive Stock Performance Got Anything to Do With Its Fundamentals?Cognor Holding (WSE:COG) has had a great run on the share market with its stock up by a significant 115% over the last...
Is New 90 Day High Low • Feb 25New 90-day high: zł2.58The company is up 111% from its price of zł1.22 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 30% over the same period.
お知らせ • Feb 24Troesh Family Foundation acquired 11.3% stake in Cognor Holding S.A. (WSE:COG).Troesh Family Foundation acquired 11.3% stake in Cognor Holding S.A. (WSE:COG) on February 22, 2021. Troesh Family Foundation completed the acquisition of 11.3% stake in Cognor Holding S.A. (WSE:COG) on February 22, 2021.