View Future GrowthMaxcom 過去の業績過去 基準チェック /06Maxcomの収益は年間平均-51.4%の割合で減少していますが、 Tech業界の収益は年間 増加しています。収益は年間15.9% 6.8%割合で 減少しています。主要情報-51.40%収益成長率-51.40%EPS成長率Tech 業界の成長11.81%収益成長率-6.83%株主資本利益率-3.03%ネット・マージン-1.57%次回の業績アップデート29 Sep 2026最近の業績更新Reported Earnings • Dec 01Third quarter 2025 earnings released: EPS: zł0.11 (vs zł0.11 in 3Q 2024)Third quarter 2025 results: EPS: zł0.11 (up from zł0.11 in 3Q 2024). Revenue: zł23.8m (down 12% from 3Q 2024). Net income: zł291.0k (up 1.7% from 3Q 2024). Profit margin: 1.2% (up from 1.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Reported Earnings • Jun 02First quarter 2025 earnings released: zł0.75 loss per share (vs zł0.18 profit in 1Q 2024)First quarter 2025 results: zł0.75 loss per share (down from zł0.18 profit in 1Q 2024). Revenue: zł22.8m (down 15% from 1Q 2024). Net loss: zł1.97m (down zł2.44m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.Reported Earnings • Dec 01Third quarter 2024 earnings released: EPS: zł0.11 (vs zł0.73 in 3Q 2023)Third quarter 2024 results: EPS: zł0.11 (down from zł0.73 in 3Q 2023). Revenue: zł27.5m (down 20% from 3Q 2023). Net income: zł286.0k (down 86% from 3Q 2023). Profit margin: 1.0% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 03Second quarter 2024 earnings released: zł0.43 loss per share (vs zł0.001 loss in 2Q 2023)Second quarter 2024 results: zł0.43 loss per share (further deteriorated from zł0.001 loss in 2Q 2023). Revenue: zł26.1m (down 24% from 2Q 2023). Net loss: zł1.16m (loss widened zł1.16m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Jan 09+ 3 more updatesMaxcom S.A. to Report Q2, 2024 Results on Sep 27, 2024Maxcom S.A. announced that they will report Q2, 2024 results on Sep 27, 2024Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł0.73 (vs zł0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: zł0.73 (up from zł0.14 loss in 3Q 2022). Revenue: zł34.5m (down 18% from 3Q 2022). Net income: zł1.98m (up zł2.37m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesお知らせ • May 25Maxcom S.A., Annual General Meeting, Jun 16, 2026Maxcom S.A., Annual General Meeting, Jun 16, 2026, at 09:00 Central European Standard Time.New Risk • May 04New 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 7.3% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (zł16.8m market cap, or US$4.61m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).分析記事 • Jan 17The Market Doesn't Like What It Sees From Maxcom S.A.'s (WSE:MXC) Revenues YetMaxcom S.A.'s ( WSE:MXC ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty appealing investment...Reported Earnings • Dec 01Third quarter 2025 earnings released: EPS: zł0.11 (vs zł0.11 in 3Q 2024)Third quarter 2025 results: EPS: zł0.11 (up from zł0.11 in 3Q 2024). Revenue: zł23.8m (down 12% from 3Q 2024). Net income: zł291.0k (up 1.7% from 3Q 2024). Profit margin: 1.2% (up from 1.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Oct 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to zł5.30. The fair value is estimated to be zł6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making.New Risk • Sep 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 134% Dividend yield: 19% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 134% Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (zł14.6m market cap, or US$4.00m).Buy Or Sell Opportunity • Jul 03Now 23% overvaluedOver the last 90 days, the stock has fallen 12% to zł6.86. The fair value is estimated to be zł5.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Jun 02First quarter 2025 earnings released: zł0.75 loss per share (vs zł0.18 profit in 1Q 2024)First quarter 2025 results: zł0.75 loss per share (down from zł0.18 profit in 1Q 2024). Revenue: zł22.8m (down 15% from 1Q 2024). Net loss: zł1.97m (down zł2.44m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.お知らせ • May 23Maxcom S.A., Annual General Meeting, Jun 18, 2025Maxcom S.A., Annual General Meeting, Jun 18, 2025.Reported Earnings • Dec 01Third quarter 2024 earnings released: EPS: zł0.11 (vs zł0.73 in 3Q 2023)Third quarter 2024 results: EPS: zł0.11 (down from zł0.73 in 3Q 2023). Revenue: zł27.5m (down 20% from 3Q 2023). Net income: zł286.0k (down 86% from 3Q 2023). Profit margin: 1.0% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 03Second quarter 2024 earnings released: zł0.43 loss per share (vs zł0.001 loss in 2Q 2023)Second quarter 2024 results: zł0.43 loss per share (further deteriorated from zł0.001 loss in 2Q 2023). Revenue: zł26.1m (down 24% from 2Q 2023). Net loss: zł1.16m (loss widened zł1.16m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.分析記事 • Aug 25Maxcom's (WSE:MXC) Returns On Capital Not Reflecting Well On The BusinessTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Upcoming Dividend • Jul 17Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 24 July 2024. Payment date: 12 August 2024. Trailing yield: 8.9%. Within top quartile of Polish dividend payers (7.5%). Higher than average of industry peers (1.5%).New Risk • Jun 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł30.2m market cap, or US$7.39m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 26, 2024Maxcom S.A., Annual General Meeting, Jun 26, 2024.分析記事 • Apr 19Maxcom S.A.'s (WSE:MXC) P/S Still Appears To Be ReasonableIt's not a stretch to say that Maxcom S.A.'s ( WSE:MXC ) price-to-sales (or "P/S") ratio of 0.2x right now seems quite...お知らせ • Jan 09+ 3 more updatesMaxcom S.A. to Report Q2, 2024 Results on Sep 27, 2024Maxcom S.A. announced that they will report Q2, 2024 results on Sep 27, 2024Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł0.73 (vs zł0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: zł0.73 (up from zł0.14 loss in 3Q 2022). Revenue: zł34.5m (down 18% from 3Q 2022). Net income: zł1.98m (up zł2.37m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 01Second quarter 2023 earnings released: zł0.001 loss per share (vs zł0.69 loss in 2Q 2022)Second quarter 2023 results: zł0.001 loss per share (improved from zł0.69 loss in 2Q 2022). Revenue: zł34.9m (down 7.9% from 2Q 2022). Net loss: zł4.0k (loss narrowed 100% from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.分析記事 • Jul 25Maxcom (WSE:MXC) Could Be At Risk Of Shrinking As A CompanyWhat underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 22, 2023Maxcom S.A., Annual General Meeting, Jun 22, 2023, at 09:00 Central European Standard Time.お知らせ • Jan 20+ 3 more updatesMaxcom S.A. to Report Q3, 2023 Results on Nov 29, 2023Maxcom S.A. announced that they will report Q3, 2023 results on Nov 29, 2023Reported Earnings • Dec 01Third quarter 2022 earnings released: zł0.14 loss per share (vs zł0.68 profit in 3Q 2021)Third quarter 2022 results: zł0.14 loss per share (down from zł0.68 profit in 3Q 2021). Revenue: zł42.3m (up 15% from 3Q 2021). Net loss: zł381.0k (down 121% from profit in 3Q 2021). 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 12% per year, which means it has not declined as severely as earnings.分析記事 • Nov 09Investors Could Be Concerned With Maxcom's (WSE:MXC) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Reported Earnings • Oct 04Second quarter 2022 earnings released: zł0.69 loss per share (vs zł0.16 profit in 2Q 2021)Second quarter 2022 results: zł0.69 loss per share (down from zł0.16 profit in 2Q 2021). Revenue: zł38.3m (up 21% from 2Q 2021). Net loss: zł1.85m (down zł2.28m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be zł14.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 46%.Upcoming Dividend • Aug 02Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 29 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Lower than top quartile of Polish dividend payers (8.4%). Higher than average of industry peers (1.8%).お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 24, 2022Maxcom S.A., Annual General Meeting, Jun 24, 2022, at 09:00 Central European Standard Time.Reported Earnings • May 03Full year 2021 earnings released: EPS: zł1.18 (vs zł1.10 in FY 2020)Full year 2021 results: EPS: zł1.18 (up from zł1.10 in FY 2020). Revenue: zł150.7m (up 16% from FY 2020). Net income: zł3.20m (up 8.0% from FY 2020). Profit margin: 2.1% (down from 2.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.分析記事 • Mar 15Is Maxcom (WSE:MXC) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Nov 28Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: zł0.68 (up from zł0.46 in 3Q 2020). Revenue: zł39.0m (up 13% from 3Q 2020). Net income: zł1.83m (up 46% from 3Q 2020). Profit margin: 4.7% (up from 3.6% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 03Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł32.0m (up 3.9% from 2Q 2020). Net income: zł430.0k (down 24% from 2Q 2020). Profit margin: 1.3% (down from 1.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% 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.Upcoming Dividend • Jun 10Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 07 July 2021. Trailing yield: 13%. Within top quartile of Polish dividend payers (5.7%). Higher than average of industry peers (0.7%).Reported Earnings • Jun 03First quarter 2021 earnings released: EPS zł0.027 (vs zł0.077 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: zł29.5m (up 29% from 1Q 2020). Net income: zł74.0k (down 64% from 1Q 2020). Profit margin: 0.3% (down from 0.9% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% 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.分析記事 • May 19Maxcom (WSE:MXC) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is New 90 Day High Low • Feb 11New 90-day high: zł15.00The company is up 26% from its price of zł11.95 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 35% over the same period.お知らせ • Jan 29+ 2 more updatesMaxcom S.A. to Report Fiscal Year 2020 Results on Apr 30, 2021Maxcom S.A. announced that they will report fiscal year 2020 results on Apr 30, 2021分析記事 • Jan 14Does Maxcom (WSE:MXC) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł14.60, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 26x in the Tech industry in Europe. Total return to shareholders over the past three years is a loss of 16%.Is New 90 Day High Low • Jan 04New 90-day high: zł12.95The company is up 8.0% from its price of zł11.95 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 21% over the same period.Reported Earnings • Dec 03Third quarter 2020 earnings released: EPS zł0.47The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł34.8m (up 23% from 3Q 2019). Net income: zł1.26m (up 48% from 3Q 2019). Profit margin: 3.6% (up from 3.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 25% share price gain to zł12.10, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 22x in the Tech industry in Europe. Total return to shareholders over the past three years is a loss of 41%.Is New 90 Day High Low • Oct 21New 90-day low: zł10.90The company is down 29% from its price of zł15.30 on 22 July 2020. The Polish market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period.Is New 90 Day High Low • Sep 30New 90-day low: zł11.85The company is down 24% from its price of zł15.65 on 02 July 2020. The Polish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period.Reported Earnings • Sep 29First half earnings releasedOver the last 12 months the company has reported total profits of zł2.25m, down 73% from the prior year. Total revenue was zł114.1m over the last 12 months, down 17% from the prior year.収支内訳Maxcom 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:MXC 収益、費用、利益 ( )PLN Millions日付収益収益G+A経費研究開発費31 Dec 25102-20030 Sep 25102-427030 Jun 25106-427031 Mar 25109-428031 Dec 24113-127030 Sep 24117-129030 Jun 24124029031 Mar 24132129031 Dec 23140129030 Sep 23132025030 Jun 23139-227031 Mar 23143-429031 Dec 22142-429030 Sep 22166-233030 Jun 22161032031 Mar 22155330031 Dec 21151329030 Sep 21140328030 Jun 21137327031 Mar 21136325031 Dec 20130324030 Sep 20120322030 Jun 20114221031 Mar 20111221031 Dec 19119321030 Sep 19134620030 Jun 19137819031 Mar 191351119031 Dec 181241117030 Sep 181151016030 Jun 181091015031 Mar 18104813031 Dec 17112913030 Sep 171161114030 Jun 171181214031 Mar 171191313031 Dec 161091212031 Dec 1550460質の高い収益: MXCは現在利益が出ていません。利益率の向上: MXC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: MXCは利益が出ておらず、過去 5 年間で損失は年間51.4%の割合で増加しています。成長の加速: MXC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: MXCは利益が出ていないため、過去 1 年間の収益成長をTech業界 ( 7.6% ) と比較することは困難です。株主資本利益率高いROE: MXCは現在利益が出ていないため、自己資本利益率 ( -3.03% ) 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7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/15 08:38終値2026/06/15 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Maxcom 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。1 アナリスト機関Pawel PuchalskiErste Bank Polska S.A.
Reported Earnings • Dec 01Third quarter 2025 earnings released: EPS: zł0.11 (vs zł0.11 in 3Q 2024)Third quarter 2025 results: EPS: zł0.11 (up from zł0.11 in 3Q 2024). Revenue: zł23.8m (down 12% from 3Q 2024). Net income: zł291.0k (up 1.7% from 3Q 2024). Profit margin: 1.2% (up from 1.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Jun 02First quarter 2025 earnings released: zł0.75 loss per share (vs zł0.18 profit in 1Q 2024)First quarter 2025 results: zł0.75 loss per share (down from zł0.18 profit in 1Q 2024). Revenue: zł22.8m (down 15% from 1Q 2024). Net loss: zł1.97m (down zł2.44m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
Reported Earnings • Dec 01Third quarter 2024 earnings released: EPS: zł0.11 (vs zł0.73 in 3Q 2023)Third quarter 2024 results: EPS: zł0.11 (down from zł0.73 in 3Q 2023). Revenue: zł27.5m (down 20% from 3Q 2023). Net income: zł286.0k (down 86% from 3Q 2023). Profit margin: 1.0% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 03Second quarter 2024 earnings released: zł0.43 loss per share (vs zł0.001 loss in 2Q 2023)Second quarter 2024 results: zł0.43 loss per share (further deteriorated from zł0.001 loss in 2Q 2023). Revenue: zł26.1m (down 24% from 2Q 2023). Net loss: zł1.16m (loss widened zł1.16m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 09+ 3 more updatesMaxcom S.A. to Report Q2, 2024 Results on Sep 27, 2024Maxcom S.A. announced that they will report Q2, 2024 results on Sep 27, 2024
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł0.73 (vs zł0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: zł0.73 (up from zł0.14 loss in 3Q 2022). Revenue: zł34.5m (down 18% from 3Q 2022). Net income: zł1.98m (up zł2.37m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
お知らせ • May 25Maxcom S.A., Annual General Meeting, Jun 16, 2026Maxcom S.A., Annual General Meeting, Jun 16, 2026, at 09:00 Central European Standard Time.
New Risk • May 04New 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 7.3% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Market cap is less than US$10m (zł16.8m market cap, or US$4.61m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).
分析記事 • Jan 17The Market Doesn't Like What It Sees From Maxcom S.A.'s (WSE:MXC) Revenues YetMaxcom S.A.'s ( WSE:MXC ) price-to-sales (or "P/S") ratio of 0.1x may look like a pretty appealing investment...
Reported Earnings • Dec 01Third quarter 2025 earnings released: EPS: zł0.11 (vs zł0.11 in 3Q 2024)Third quarter 2025 results: EPS: zł0.11 (up from zł0.11 in 3Q 2024). Revenue: zł23.8m (down 12% from 3Q 2024). Net income: zł291.0k (up 1.7% from 3Q 2024). Profit margin: 1.2% (up from 1.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Oct 29Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to zł5.30. The fair value is estimated to be zł6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Sep 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 134% Dividend yield: 19% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 134% Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (zł14.6m market cap, or US$4.00m).
Buy Or Sell Opportunity • Jul 03Now 23% overvaluedOver the last 90 days, the stock has fallen 12% to zł6.86. The fair value is estimated to be zł5.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Jun 02First quarter 2025 earnings released: zł0.75 loss per share (vs zł0.18 profit in 1Q 2024)First quarter 2025 results: zł0.75 loss per share (down from zł0.18 profit in 1Q 2024). Revenue: zł22.8m (down 15% from 1Q 2024). Net loss: zł1.97m (down zł2.44m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year.
お知らせ • May 23Maxcom S.A., Annual General Meeting, Jun 18, 2025Maxcom S.A., Annual General Meeting, Jun 18, 2025.
Reported Earnings • Dec 01Third quarter 2024 earnings released: EPS: zł0.11 (vs zł0.73 in 3Q 2023)Third quarter 2024 results: EPS: zł0.11 (down from zł0.73 in 3Q 2023). Revenue: zł27.5m (down 20% from 3Q 2023). Net income: zł286.0k (down 86% from 3Q 2023). Profit margin: 1.0% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 03Second quarter 2024 earnings released: zł0.43 loss per share (vs zł0.001 loss in 2Q 2023)Second quarter 2024 results: zł0.43 loss per share (further deteriorated from zł0.001 loss in 2Q 2023). Revenue: zł26.1m (down 24% from 2Q 2023). Net loss: zł1.16m (loss widened zł1.16m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 25Maxcom's (WSE:MXC) Returns On Capital Not Reflecting Well On The BusinessTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Upcoming Dividend • Jul 17Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 24 July 2024. Payment date: 12 August 2024. Trailing yield: 8.9%. Within top quartile of Polish dividend payers (7.5%). Higher than average of industry peers (1.5%).
New Risk • Jun 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (zł30.2m market cap, or US$7.39m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 26, 2024Maxcom S.A., Annual General Meeting, Jun 26, 2024.
分析記事 • Apr 19Maxcom S.A.'s (WSE:MXC) P/S Still Appears To Be ReasonableIt's not a stretch to say that Maxcom S.A.'s ( WSE:MXC ) price-to-sales (or "P/S") ratio of 0.2x right now seems quite...
お知らせ • Jan 09+ 3 more updatesMaxcom S.A. to Report Q2, 2024 Results on Sep 27, 2024Maxcom S.A. announced that they will report Q2, 2024 results on Sep 27, 2024
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł0.73 (vs zł0.14 loss in 3Q 2022)Third quarter 2023 results: EPS: zł0.73 (up from zł0.14 loss in 3Q 2022). Revenue: zł34.5m (down 18% from 3Q 2022). Net income: zł1.98m (up zł2.37m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 01Second quarter 2023 earnings released: zł0.001 loss per share (vs zł0.69 loss in 2Q 2022)Second quarter 2023 results: zł0.001 loss per share (improved from zł0.69 loss in 2Q 2022). Revenue: zł34.9m (down 7.9% from 2Q 2022). Net loss: zł4.0k (loss narrowed 100% from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 25Maxcom (WSE:MXC) Could Be At Risk Of Shrinking As A CompanyWhat underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of...
お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 22, 2023Maxcom S.A., Annual General Meeting, Jun 22, 2023, at 09:00 Central European Standard Time.
お知らせ • Jan 20+ 3 more updatesMaxcom S.A. to Report Q3, 2023 Results on Nov 29, 2023Maxcom S.A. announced that they will report Q3, 2023 results on Nov 29, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings released: zł0.14 loss per share (vs zł0.68 profit in 3Q 2021)Third quarter 2022 results: zł0.14 loss per share (down from zł0.68 profit in 3Q 2021). Revenue: zł42.3m (up 15% from 3Q 2021). Net loss: zł381.0k (down 121% from profit in 3Q 2021). 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 12% per year, which means it has not declined as severely as earnings.
分析記事 • Nov 09Investors Could Be Concerned With Maxcom's (WSE:MXC) Returns On CapitalIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Reported Earnings • Oct 04Second quarter 2022 earnings released: zł0.69 loss per share (vs zł0.16 profit in 2Q 2021)Second quarter 2022 results: zł0.69 loss per share (down from zł0.16 profit in 2Q 2021). Revenue: zł38.3m (up 21% from 2Q 2021). Net loss: zł1.85m (down zł2.28m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Buying Opportunity • Aug 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.7%. The fair value is estimated to be zł14.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 46%.
Upcoming Dividend • Aug 02Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 09 August 2022. Payment date: 29 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Lower than top quartile of Polish dividend payers (8.4%). Higher than average of industry peers (1.8%).
お知らせ • May 31Maxcom S.A., Annual General Meeting, Jun 24, 2022Maxcom S.A., Annual General Meeting, Jun 24, 2022, at 09:00 Central European Standard Time.
Reported Earnings • May 03Full year 2021 earnings released: EPS: zł1.18 (vs zł1.10 in FY 2020)Full year 2021 results: EPS: zł1.18 (up from zł1.10 in FY 2020). Revenue: zł150.7m (up 16% from FY 2020). Net income: zł3.20m (up 8.0% from FY 2020). Profit margin: 2.1% (down from 2.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 15Is Maxcom (WSE:MXC) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Nov 28Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: zł0.68 (up from zł0.46 in 3Q 2020). Revenue: zł39.0m (up 13% from 3Q 2020). Net income: zł1.83m (up 46% from 3Q 2020). Profit margin: 4.7% (up from 3.6% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 03Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł32.0m (up 3.9% from 2Q 2020). Net income: zł430.0k (down 24% from 2Q 2020). Profit margin: 1.3% (down from 1.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 62% 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.
Upcoming Dividend • Jun 10Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 16 June 2021. Payment date: 07 July 2021. Trailing yield: 13%. Within top quartile of Polish dividend payers (5.7%). Higher than average of industry peers (0.7%).
Reported Earnings • Jun 03First quarter 2021 earnings released: EPS zł0.027 (vs zł0.077 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: zł29.5m (up 29% from 1Q 2020). Net income: zł74.0k (down 64% from 1Q 2020). Profit margin: 0.3% (down from 0.9% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% 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.
分析記事 • May 19Maxcom (WSE:MXC) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Is New 90 Day High Low • Feb 11New 90-day high: zł15.00The company is up 26% from its price of zł11.95 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 35% over the same period.
お知らせ • Jan 29+ 2 more updatesMaxcom S.A. to Report Fiscal Year 2020 Results on Apr 30, 2021Maxcom S.A. announced that they will report fiscal year 2020 results on Apr 30, 2021
分析記事 • Jan 14Does Maxcom (WSE:MXC) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł14.60, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 26x in the Tech industry in Europe. Total return to shareholders over the past three years is a loss of 16%.
Is New 90 Day High Low • Jan 04New 90-day high: zł12.95The company is up 8.0% from its price of zł11.95 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 21% over the same period.
Reported Earnings • Dec 03Third quarter 2020 earnings released: EPS zł0.47The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł34.8m (up 23% from 3Q 2019). Net income: zł1.26m (up 48% from 3Q 2019). Profit margin: 3.6% (up from 3.0% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 25% share price gain to zł12.10, the stock is trading at a trailing P/E ratio of 14.5x, up from the previous P/E ratio of 11.6x. This compares to an average P/E of 22x in the Tech industry in Europe. Total return to shareholders over the past three years is a loss of 41%.
Is New 90 Day High Low • Oct 21New 90-day low: zł10.90The company is down 29% from its price of zł15.30 on 22 July 2020. The Polish market is down 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 12% over the same period.
Is New 90 Day High Low • Sep 30New 90-day low: zł11.85The company is down 24% from its price of zł15.65 on 02 July 2020. The Polish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period.
Reported Earnings • Sep 29First half earnings releasedOver the last 12 months the company has reported total profits of zł2.25m, down 73% from the prior year. Total revenue was zł114.1m over the last 12 months, down 17% from the prior year.