View Future GrowthA.P.N. Promise 過去の業績過去 基準チェック /06A.P.N. Promiseは21.3%の年平均成長率で業績を伸ばしているが、IT業界はgrowingで14.6%毎年増加している。売上は成長しており、年平均14.9%の割合である。主要情報21.27%収益成長率19.82%EPS成長率IT 業界の成長15.41%収益成長率14.92%株主資本利益率-6.36%ネット・マージン-0.20%次回の業績アップデート14 Aug 2026最近の業績更新Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025分析記事 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...分析記事 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesNew Risk • Jun 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (zł98.6m market cap, or US$26.1m).Buy Or Sell Opportunity • Jun 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to zł7.40. The fair value is estimated to be zł9.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jun 03A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2026A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2026, at 11:00 Central European Standard Time.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). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (zł95.7m market cap, or US$26.2m).Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł10.60, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 14x in the IT industry in Poland. Total returns to shareholders of 213% over the past three years.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.35, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 140% over the past three years.New Risk • Mar 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł88.9m market cap, or US$24.1m).Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł8.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 193% over the past three years.分析記事 • Feb 13Here's Why A.P.N. Promise (WSE:PRO) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł7.90, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 123% over the past three years.Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025分析記事 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (zł91.1m market cap, or US$24.9m).New Risk • Aug 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł91.1m market cap, or US$25.0m).Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł9.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 158% over the past three years.New Risk • Jul 21New 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: 8.8% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (zł83.2m market cap, or US$22.8m).分析記事 • Jul 12Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł8.45, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 129% over the past three years.Upcoming Dividend • Jul 10Upcoming dividend of zł0.64 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 24 July 2025. Trailing yield: 1.3%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 94% over the past three years.Declared Dividend • Jun 02Dividend of zł0.64 announcedShareholders will receive a dividend of zł0.64. Ex-date: 17th July 2025 Payment date: 24th July 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.6%. Sustainability & Growthお知らせ • Jun 01A.P.N. Promise S.A. announces Annual dividend, payable on July 24, 2025A.P.N. Promise S.A. announced Annual dividend of PLN 0.6400 per share payable on July 24, 2025, ex-date on July 17, 2025 and record date on July 18, 2025.分析記事 • May 08Market Might Still Lack Some Conviction On A.P.N. Promise S.A. (WSE:PRO) Even After 30% Share Price BoostA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...New Risk • Apr 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (zł60.4m market cap, or US$15.5m).Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to zł5.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 41% over the past three years.分析記事 • Feb 27A Piece Of The Puzzle Missing From A.P.N. Promise S.A.'s (WSE:PRO) 30% Share Price ClimbA.P.N. Promise S.A. ( WSE:PRO ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...New Risk • Feb 14New 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 5.7% 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). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (zł66.1m market cap, or US$16.6m).Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 25%After last week's 25% share price gain to zł7.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 86% over the past three years.分析記事 • Oct 17Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł6.55, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 66% over the past three years.分析記事 • Sep 20Market Cool On A.P.N. Promise S.A.'s (WSE:PRO) Earnings Pushing Shares 26% LowerA.P.N. Promise S.A. ( WSE:PRO ) shareholders won't be pleased to see that the share price has had a very rough month...Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years.分析記事 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...New Risk • Aug 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (zł77.5m market cap, or US$20.2m).Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 168% over the past three years.分析記事 • Jun 06A.P.N. Promise S.A.'s (WSE:PRO) Shares Leap 26% Yet They're Still Not Telling The Full StoryA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...お知らせ • Jun 05A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024.Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł5.70, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 51% over the past three years.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł4.70, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 13x in the IT industry in Poland. Total loss to shareholders of 2.3% over the past three years.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 26%After last week's 26% share price gain to zł5.60, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 27% over the past three years.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.24 (vs zł0.24 in FY 2022)Full year 2023 results: EPS: zł0.24 (down from zł0.24 in FY 2022). Revenue: zł920.2m (up 17% from FY 2022). Net income: zł2.71m (down 1.5% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł4.98, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 9.8% over the past three years.分析記事 • Jan 28Investors Appear Satisfied With A.P.N. Promise S.A.'s (WSE:PRO) ProspectsWith a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...お知らせ • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2024 Results on Nov 14, 2024A.P.N. Promise S.A. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł163.7m (down 16% from 3Q 2022). Net loss: zł10.0k (loss narrowed 94% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (zł45.1m market cap, or US$11.0m).Reported Earnings • Aug 16Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł174.0m (up 11% from 2Q 2022). Net income: zł1.81m (up 123% from 2Q 2022). Profit margin: 1.0% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue.お知らせ • Jun 04A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023, at 12:00 Central European Standard Time.分析記事 • Feb 18Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.18 (vs zł0.18 in FY 2021)Full year 2022 results: EPS: zł0.18 (up from zł0.18 in FY 2021). Revenue: zł783.8m (up 7.3% from FY 2021). Net income: zł1.85m (up 2.6% from FY 2021). Profit margin: 0.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2023 Results on Nov 14, 2023A.P.N. Promise S.A. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł194.8m (down 5.1% from 3Q 2021). Net loss: zł161.0k (down 122% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.06, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 157% over the past three years.分析記事 • Oct 11A.P.N. Promise (WSE:PRO) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jun 07A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022, at 09:30 Central European Standard Time.分析記事 • May 16We Think A.P.N. Promise (WSE:PRO) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 15First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł171.0m (up 14% from 1Q 2021). Net loss: zł405.5k (loss narrowed 88% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.25, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 22% over the past three years.Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.20 (down from zł0.27 in FY 2020). Revenue: zł728.3m (up 14% from FY 2020). Net income: zł1.98m (down 26% from FY 2020). Profit margin: 0.3% (down from 0.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.分析記事 • Jan 09Estimating The Intrinsic Value Of A.P.N. Promise S.A. (WSE:PRO)Does the January share price for A.P.N. Promise S.A. ( WSE:PRO ) reflect what it's really worth? Today, we will...Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 25% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł120.0m (down 13% from 2Q 2020). Net income: zł3.60m (up 107% from 2Q 2020). Profit margin: 3.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.分析記事 • Jul 06Does A.P.N. Promise (WSE:PRO) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 24Are Dividend Investors Getting More Than They Bargained For With A.P.N. Promise S.A.'s (WSE:PRO) Dividend?Today we'll take a closer look at A.P.N. Promise S.A. ( WSE:PRO ) from a dividend investor's perspective. Owning a...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł4.50, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 21.7x. This compares to an average P/E of 15x in the IT industry in Poland. Total returns to shareholders over the past three years are 46%.Reported Earnings • Feb 14Full year 2020 earnings released: EPS zł0.25 (vs zł0.56 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: zł638.2m (up 6.9% from FY 2019). Net income: zł2.53m (down 55% from FY 2019). Profit margin: 0.4% (down from 0.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 11New 90-day high: zł5.45The company is up 2.0% from its price of zł5.35 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.分析記事 • Jan 20Based On Its ROE, Is A.P.N. Promise S.A. (WSE:PRO) A High Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...お知らせ • Jan 13+ 3 more updatesA.P.N. Promise S.A. to Report Q2, 2021 Results on Aug 13, 2021A.P.N. Promise S.A. announced that they will report Q2, 2021 results on Aug 13, 2021Is New 90 Day High Low • Dec 28New 90-day low: zł4.24The company is down 13% from its price of zł4.90 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.分析記事 • Dec 25We Think A.P.N. Promise (WSE:PRO) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Nov 23Is A.P.N. Promise S.A. (WSE:PRO) An Attractive Dividend Stock?Is A.P.N. Promise S.A. (WSE:PRO) a good dividend stock? How can we tell? Dividend paying companies with growing...Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 16% share price gain to zł5.10, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 47%.Is New 90 Day High Low • Oct 29New 90-day low: zł4.40The company is down 1.0% from its price of zł4.46 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.収支内訳A.P.N. Promise 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:PRO 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 261,437-31,343031 Dec 251,378-21,313030 Sep 251,290101,233030 Jun 251,20271,142031 Mar 251,01612954031 Dec 2498116917030 Sep 241,01611954030 Jun 2498811924031 Mar 2496012900031 Dec 239234861030 Sep 238044739030 Jun 238354749031 Mar 238183724031 Dec 227853686030 Sep 227781683030 Jun 227892710031 Mar 227525681031 Dec 217302666030 Sep 216832619030 Jun 216612601031 Mar 216780620031 Dec 206403583030 Sep 206203573030 Jun 205821528031 Mar 205992535031 Dec 195976527030 Sep 196037528030 Jun 195587481031 Mar 195579469031 Dec 185346442030 Sep 184934269030 Jun 184786198031 Mar 18446779031 Dec 17438722030 Sep 17402726030 Jun 17394728031 Mar 17408236031 Dec 16396236030 Sep 16413730030 Jun 16413725031 Mar 16380820031 Dec 15353915030 Sep 153495130質の高い収益: PROは現在利益が出ていません。利益率の向上: PRO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: PROは利益を出していないが、過去 5 年間で年間21.3%の割合で損失を削減してきた。成長の加速: PRO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: PROは利益が出ていないため、過去 1 年間の収益成長をIT業界 ( 5.8% ) と比較することは困難です。株主資本利益率高いROE: PROは現在利益が出ていないため、自己資本利益率 ( -6.36% ) 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7D1Y7D1Y7D1YSoftware 、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2026/07/06 15:05終値2026/07/03 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋A.P.N. Promise S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
分析記事 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...
分析記事 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (zł98.6m market cap, or US$26.1m).
Buy Or Sell Opportunity • Jun 12Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to zł7.40. The fair value is estimated to be zł9.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jun 03A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2026A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2026, at 11:00 Central European Standard Time.
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). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (zł95.7m market cap, or US$26.2m).
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł10.60, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 14x in the IT industry in Poland. Total returns to shareholders of 213% over the past three years.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.35, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 140% over the past three years.
New Risk • Mar 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł88.9m market cap, or US$24.1m).
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł8.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 193% over the past three years.
分析記事 • Feb 13Here's Why A.P.N. Promise (WSE:PRO) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł7.90, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 123% over the past three years.
Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
分析記事 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...
New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (zł91.1m market cap, or US$24.9m).
New Risk • Aug 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł91.1m market cap, or US$25.0m).
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł9.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 158% over the past three years.
New Risk • Jul 21New 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: 8.8% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (zł83.2m market cap, or US$22.8m).
分析記事 • Jul 12Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł8.45, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 129% over the past three years.
Upcoming Dividend • Jul 10Upcoming dividend of zł0.64 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 24 July 2025. Trailing yield: 1.3%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 94% over the past three years.
Declared Dividend • Jun 02Dividend of zł0.64 announcedShareholders will receive a dividend of zł0.64. Ex-date: 17th July 2025 Payment date: 24th July 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.6%. Sustainability & Growth
お知らせ • Jun 01A.P.N. Promise S.A. announces Annual dividend, payable on July 24, 2025A.P.N. Promise S.A. announced Annual dividend of PLN 0.6400 per share payable on July 24, 2025, ex-date on July 17, 2025 and record date on July 18, 2025.
分析記事 • May 08Market Might Still Lack Some Conviction On A.P.N. Promise S.A. (WSE:PRO) Even After 30% Share Price BoostA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...
New Risk • Apr 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (zł60.4m market cap, or US$15.5m).
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to zł5.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 41% over the past three years.
分析記事 • Feb 27A Piece Of The Puzzle Missing From A.P.N. Promise S.A.'s (WSE:PRO) 30% Share Price ClimbA.P.N. Promise S.A. ( WSE:PRO ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
New Risk • Feb 14New 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 5.7% 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). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (zł66.1m market cap, or US$16.6m).
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 25%After last week's 25% share price gain to zł7.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 86% over the past three years.
分析記事 • Oct 17Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł6.55, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 66% over the past three years.
分析記事 • Sep 20Market Cool On A.P.N. Promise S.A.'s (WSE:PRO) Earnings Pushing Shares 26% LowerA.P.N. Promise S.A. ( WSE:PRO ) shareholders won't be pleased to see that the share price has had a very rough month...
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years.
分析記事 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...
New Risk • Aug 21New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (zł77.5m market cap, or US$20.2m).
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 168% over the past three years.
分析記事 • Jun 06A.P.N. Promise S.A.'s (WSE:PRO) Shares Leap 26% Yet They're Still Not Telling The Full StoryA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...
お知らせ • Jun 05A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024.
Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł5.70, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 51% over the past three years.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł4.70, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 13x in the IT industry in Poland. Total loss to shareholders of 2.3% over the past three years.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 26%After last week's 26% share price gain to zł5.60, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.24 (vs zł0.24 in FY 2022)Full year 2023 results: EPS: zł0.24 (down from zł0.24 in FY 2022). Revenue: zł920.2m (up 17% from FY 2022). Net income: zł2.71m (down 1.5% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł4.98, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 9.8% over the past three years.
分析記事 • Jan 28Investors Appear Satisfied With A.P.N. Promise S.A.'s (WSE:PRO) ProspectsWith a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...
お知らせ • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2024 Results on Nov 14, 2024A.P.N. Promise S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł163.7m (down 16% from 3Q 2022). Net loss: zł10.0k (loss narrowed 94% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (zł45.1m market cap, or US$11.0m).
Reported Earnings • Aug 16Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł174.0m (up 11% from 2Q 2022). Net income: zł1.81m (up 123% from 2Q 2022). Profit margin: 1.0% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue.
お知らせ • Jun 04A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023, at 12:00 Central European Standard Time.
分析記事 • Feb 18Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.18 (vs zł0.18 in FY 2021)Full year 2022 results: EPS: zł0.18 (up from zł0.18 in FY 2021). Revenue: zł783.8m (up 7.3% from FY 2021). Net income: zł1.85m (up 2.6% from FY 2021). Profit margin: 0.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2023 Results on Nov 14, 2023A.P.N. Promise S.A. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł194.8m (down 5.1% from 3Q 2021). Net loss: zł161.0k (down 122% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.06, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 157% over the past three years.
分析記事 • Oct 11A.P.N. Promise (WSE:PRO) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jun 07A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022, at 09:30 Central European Standard Time.
分析記事 • May 16We Think A.P.N. Promise (WSE:PRO) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 15First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł171.0m (up 14% from 1Q 2021). Net loss: zł405.5k (loss narrowed 88% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.25, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 22% over the past three years.
Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.20 (down from zł0.27 in FY 2020). Revenue: zł728.3m (up 14% from FY 2020). Net income: zł1.98m (down 26% from FY 2020). Profit margin: 0.3% (down from 0.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
分析記事 • Jan 09Estimating The Intrinsic Value Of A.P.N. Promise S.A. (WSE:PRO)Does the January share price for A.P.N. Promise S.A. ( WSE:PRO ) reflect what it's really worth? Today, we will...
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 25% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł120.0m (down 13% from 2Q 2020). Net income: zł3.60m (up 107% from 2Q 2020). Profit margin: 3.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 06Does A.P.N. Promise (WSE:PRO) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 24Are Dividend Investors Getting More Than They Bargained For With A.P.N. Promise S.A.'s (WSE:PRO) Dividend?Today we'll take a closer look at A.P.N. Promise S.A. ( WSE:PRO ) from a dividend investor's perspective. Owning a...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł4.50, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 21.7x. This compares to an average P/E of 15x in the IT industry in Poland. Total returns to shareholders over the past three years are 46%.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS zł0.25 (vs zł0.56 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: zł638.2m (up 6.9% from FY 2019). Net income: zł2.53m (down 55% from FY 2019). Profit margin: 0.4% (down from 0.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 11New 90-day high: zł5.45The company is up 2.0% from its price of zł5.35 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.
分析記事 • Jan 20Based On Its ROE, Is A.P.N. Promise S.A. (WSE:PRO) A High Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
お知らせ • Jan 13+ 3 more updatesA.P.N. Promise S.A. to Report Q2, 2021 Results on Aug 13, 2021A.P.N. Promise S.A. announced that they will report Q2, 2021 results on Aug 13, 2021
Is New 90 Day High Low • Dec 28New 90-day low: zł4.24The company is down 13% from its price of zł4.90 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.
分析記事 • Dec 25We Think A.P.N. Promise (WSE:PRO) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Nov 23Is A.P.N. Promise S.A. (WSE:PRO) An Attractive Dividend Stock?Is A.P.N. Promise S.A. (WSE:PRO) a good dividend stock? How can we tell? Dividend paying companies with growing...
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 16% share price gain to zł5.10, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 47%.
Is New 90 Day High Low • Oct 29New 90-day low: zł4.40The company is down 1.0% from its price of zł4.46 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.