View ValuationECB 将来の成長Future 基準チェック /06現在、 ECBの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electric Utilities 収益成長8.1%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updates分析記事 • May 06Some Investors May Be Willing To Look Past ECB's (WSE:ECB) Soft EarningsShareholders appeared unconcerned with ECB S.A.'s ( WSE:ECB ) lackluster earnings report last week. We think that the...New Risk • Apr 07New 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 7.7% 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 Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (180% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (zł61.2m market cap, or US$16.5m).Buy Or Sell Opportunity • Apr 07Now 44% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to zł26.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Mar 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to zł21.80. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Mar 02Now 27% overvaluedOver the last 90 days, the stock has fallen 5.9% to zł23.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Feb 11New 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 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (180% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (zł56.5m market cap, or US$16.0m).Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł23.00, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Electric Utilities industry in Poland. Total returns to shareholders of 350% over the past three years.Buy Or Sell Opportunity • Feb 11Now 27% overvaluedOver the last 90 days, the stock has fallen 14% to zł23.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Jan 05Now 22% overvaluedOver the last 90 days, the stock has fallen 23% to zł21.50. The fair value is estimated to be zł17.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.分析記事 • Dec 23A Look At The Intrinsic Value Of ECB S.A. (WSE:ECB)Key Insights ECB's estimated fair value is zł17.63 based on Dividend Discount Model ECB's zł19.80 share price indicates...Reported Earnings • Dec 03Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł13.3m (down 37% from 3Q 2024). Net income: zł222.0k (down 99% from 3Q 2024). Profit margin: 1.7% (down from 70% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 28Second quarter 2025 earnings released: EPS: zł0.13 (vs zł2.89 loss in 2Q 2024)Second quarter 2025 results: EPS: zł0.13 (up from zł2.89 loss in 2Q 2024). Revenue: zł24.0m (up 83% from 2Q 2024). Net income: zł423.0k (up zł9.06m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 25ECB S.A. to Report First Half, 2025 Results on Sep 26, 2025ECB S.A. announced that they will report first half, 2025 results on Sep 26, 2025Upcoming Dividend • Aug 18Upcoming dividend of zł0.77 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (4.4%).Reported Earnings • May 31First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł25.2m (down 49% from 1Q 2024). Net income: zł1.32m (down 100% from 1Q 2024). Profit margin: 5.2% (down from 1,289% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 87% per year, which means it is significantly lagging earnings growth.お知らせ • May 16EC Bedzin S.A., Annual General Meeting, Jun 11, 2025EC Bedzin S.A., Annual General Meeting, Jun 11, 2025.お知らせ • May 01EC Bedzin S.A. announces Annual dividend, payable on November 25, 2025EC Bedzin S.A. announced Annual dividend of PLN 0.7700 per share payable on November 25, 2025, ex-date on August 25, 2025 and record date on August 26, 2025.New Risk • Apr 24New 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 14% 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 (14% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (zł114.6m market cap, or US$30.5m).Reported Earnings • Nov 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł21.2m (up 259% from 3Q 2023). Net income: zł14.9m (up zł30.7m from 3Q 2023). Profit margin: 70% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł13.1m (down 79% from 2Q 2023). Net loss: zł8.64m (down 136% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Sep 02New 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 Large one-off items impacting financial results. Market cap is less than US$100m (zł96.9m market cap, or US$25.1m).お知らせ • May 31EC Bedzin S.A., Annual General Meeting, Jun 26, 2024EC Bedzin S.A., Annual General Meeting, Jun 26, 2024.Reported Earnings • May 03Full year 2023 earnings releasedFull year 2023 results: Revenue: zł397.9m (up 23% from FY 2022). Net loss: zł198.9m (loss narrowed 3.3% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings.お知らせ • Apr 22EC Bedzin S.A. to Report Fiscal Year 2024 Results on Apr 26, 2024EC Bedzin S.A. announced that they will report fiscal year 2024 results on Apr 26, 2024分析記事 • Apr 18EC Bedzin S.A. (WSE:BDZ) Doing What It Can To Lift SharesIt's not a stretch to say that EC Bedzin S.A.'s ( WSE:BDZ ) price-to-sales (or "P/S") ratio of 0.3x right now seems...お知らせ • Jan 12+ 2 more updatesEC Bedzin S.A. to Report Fiscal Year 2023 Results on Nov 29, 2024EC Bedzin S.A. announced that they will report fiscal year 2023 results on Nov 29, 2024Reported Earnings • Nov 30Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł6.98m (down 90% from 3Q 2022). Net loss: zł15.8m (down 133% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.お知らせ • Nov 22Grupa Altum Spólka Z Ograniczona Odpowiedzialnoscia issued letter of intent to acquire 60% stake in Elektrocieplownia BEDZIN Sp. z o.o. from EC Bedzin S.A. (WSE:BDZ).Grupa Altum Spólka Z Ograniczona Odpowiedzialnoscia issued letter of intent to acquire 60% stake in Elektrocieplownia BEDZIN Sp. z o.o. from EC Bedzin S.A. (WSE:BDZ) on November 20, 2023. EC Bedzin S.A. (WSE:BDZ) will retain minority stake in Elektrocieplownia BEDZIN Sp. z o.o. The transaction is expected to close by the year end of 2023.Reported Earnings • Oct 02Second quarter 2023 earnings released: EPS: zł7.56 (vs zł18.11 loss in 2Q 2022)Second quarter 2023 results: EPS: zł7.56 (up from zł18.11 loss in 2Q 2022). Revenue: zł86.5m (up 74% from 2Q 2022). Net income: zł23.8m (up zł80.8m from 2Q 2022). Profit margin: 28% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. 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 91% per year, which means it is well ahead of earnings.お知らせ • Jun 04Elektrocieplownia Bedzin S.A., Annual General Meeting, Jun 28, 2023Elektrocieplownia Bedzin S.A., Annual General Meeting, Jun 28, 2023, at 10:30 Central European Standard Time.お知らせ • Jan 12+ 3 more updatesElektrocieplownia Bedzin S.A. to Report Fiscal Year 2022 Results on Apr 26, 2023Elektrocieplownia Bedzin S.A. announced that they will report fiscal year 2022 results on Apr 26, 2023Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: zł15.39 (vs zł9.54 loss in 3Q 2021)Third quarter 2022 results: EPS: zł15.39 (up from zł9.54 loss in 3Q 2021). Revenue: zł85.8m (up 96% from 3Q 2021). Net income: zł48.5m (up zł77.0m from 3Q 2021). Profit margin: 56% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 26Second quarter 2022 earnings released: zł18.11 loss per share (vs zł10.27 loss in 2Q 2021)Second quarter 2022 results: zł18.11 loss per share (further deteriorated from zł10.27 loss in 2Q 2021). Revenue: zł50.0m (up 30% from 2Q 2021). Net loss: zł57.0m (loss widened 86% from 2Q 2021). 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 29% per year, which means it has not declined as severely as earnings.お知らせ • Dec 15An unknown buyer acquired 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski.An unknown buyer acquired 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski on December 14, 2021. An unknown buyer completed the acquisition of 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski on December 14, 2021.Reported Earnings • Dec 01Third quarter 2021 earnings: Revenues in line with analyst expectationsThird quarter 2021 results: Revenue: zł43.9m (up 11% from 3Q 2020). Net loss: zł28.5m (loss widened 31% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 04Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: zł41.1m (up 81% from 2Q 2020). Net loss: zł30.7m (loss widened 15% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 04Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: zł41.1m (up 81% from 2Q 2020). Net loss: zł30.7m (loss widened 15% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Jul 15Wieslaw Glanowski acquired 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ).Wieslaw Glanowski acquired 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) on July 13, 2021. Wieslaw Glanowski completed the acquisition of 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) on July 13, 2021.Reported Earnings • Jun 05First quarter 2021 earnings released: zł4.69 loss per share (vs zł0.70 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: zł63.4m (up 27% from 1Q 2020). Net loss: zł14.0m (loss widened zł11.9m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Reported Earnings • May 05Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: zł168.4m (down 25% from FY 2019). Net loss: zł69.6m (loss narrowed 34% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 25New 90-day low: zł9.20The company is down 1.0% from its price of zł9.30 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period.お知らせ • Jan 14+ 3 more updatesElektrocieplownia Bedzin S.A. to Report Q1, 2021 Results on May 28, 2021Elektrocieplownia Bedzin S.A. announced that they will report Q1, 2021 results on May 28, 2021Reported Earnings • Dec 01Third quarter 2020 earnings released: zł7.29 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: zł43.8m (down 24% from 3Q 2019). Net loss: zł21.8m (loss widened 100% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 127% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、ECB は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測WSE:ECB - アナリストの将来予測と過去の財務データ ( )PLN Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202587499N/A9/30/2025843-121N/A6/30/20259218-122N/A3/31/2025829-103N/A12/31/2024105639115N/A9/30/20241545021634N/A6/30/20241394711028N/A3/31/2024188503-514N/A12/31/2023245-1991736N/A9/30/2023280-2051719N/A6/30/2023345-1401619N/A3/31/2023332-221812N/A12/31/2022323-206-40-36N/A9/30/2022316-201-10-7N/A6/30/2022289-278710N/A3/31/2022278-2521516N/A12/31/2021245-2117071N/A9/30/2021196-925557N/A6/30/2021192-866161N/A3/31/2021176-828181N/A12/31/2020163-705959N/A9/30/2020169-1376161N/A6/30/2020187-1265959N/A3/31/2020209-1157677N/A12/31/2019224-1057476N/A9/30/2019224-19N/A147N/A6/30/2019219-12N/A123N/A3/31/20192012N/A127N/A12/31/20182050N/A98N/A9/30/20182135N/A33N/A6/30/20181982N/A24N/A3/31/20182125N/A57N/A12/31/201720514N/A82N/A9/30/201719914N/A52N/A6/30/201719620N/A117N/A3/31/201719320N/A114N/A12/31/201619019N/A92N/A9/30/201618719N/A78N/A6/30/201618016N/A58N/A3/31/201617817N/A25N/A12/31/201516514N/A16N/A9/30/201516026N/A26N/A6/30/201514626N/A-3N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ECBの予測収益成長が 貯蓄率 ( 5.3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: ECBの収益がPolish市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: ECBの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: ECBの収益がPolish市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: ECBの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ECBの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 05:25終値2026/05/07 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ECB S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • May 06Some Investors May Be Willing To Look Past ECB's (WSE:ECB) Soft EarningsShareholders appeared unconcerned with ECB S.A.'s ( WSE:ECB ) lackluster earnings report last week. We think that the...
New Risk • Apr 07New 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 7.7% 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 Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (180% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (zł61.2m market cap, or US$16.5m).
Buy Or Sell Opportunity • Apr 07Now 44% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to zł26.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Mar 17Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 3.8% to zł21.80. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Mar 02Now 27% overvaluedOver the last 90 days, the stock has fallen 5.9% to zł23.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Feb 11New 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 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (180% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (zł56.5m market cap, or US$16.0m).
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł23.00, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 15x in the Electric Utilities industry in Poland. Total returns to shareholders of 350% over the past three years.
Buy Or Sell Opportunity • Feb 11Now 27% overvaluedOver the last 90 days, the stock has fallen 14% to zł23.00. The fair value is estimated to be zł18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Jan 05Now 22% overvaluedOver the last 90 days, the stock has fallen 23% to zł21.50. The fair value is estimated to be zł17.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • Dec 23A Look At The Intrinsic Value Of ECB S.A. (WSE:ECB)Key Insights ECB's estimated fair value is zł17.63 based on Dividend Discount Model ECB's zł19.80 share price indicates...
Reported Earnings • Dec 03Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł13.3m (down 37% from 3Q 2024). Net income: zł222.0k (down 99% from 3Q 2024). Profit margin: 1.7% (down from 70% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 28Second quarter 2025 earnings released: EPS: zł0.13 (vs zł2.89 loss in 2Q 2024)Second quarter 2025 results: EPS: zł0.13 (up from zł2.89 loss in 2Q 2024). Revenue: zł24.0m (up 83% from 2Q 2024). Net income: zł423.0k (up zł9.06m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 25ECB S.A. to Report First Half, 2025 Results on Sep 26, 2025ECB S.A. announced that they will report first half, 2025 results on Sep 26, 2025
Upcoming Dividend • Aug 18Upcoming dividend of zł0.77 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (4.4%).
Reported Earnings • May 31First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł25.2m (down 49% from 1Q 2024). Net income: zł1.32m (down 100% from 1Q 2024). Profit margin: 5.2% (down from 1,289% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 87% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16EC Bedzin S.A., Annual General Meeting, Jun 11, 2025EC Bedzin S.A., Annual General Meeting, Jun 11, 2025.
お知らせ • May 01EC Bedzin S.A. announces Annual dividend, payable on November 25, 2025EC Bedzin S.A. announced Annual dividend of PLN 0.7700 per share payable on November 25, 2025, ex-date on August 25, 2025 and record date on August 26, 2025.
New Risk • Apr 24New 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 14% 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 (14% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (zł114.6m market cap, or US$30.5m).
Reported Earnings • Nov 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł21.2m (up 259% from 3Q 2023). Net income: zł14.9m (up zł30.7m from 3Q 2023). Profit margin: 70% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł13.1m (down 79% from 2Q 2023). Net loss: zł8.64m (down 136% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Sep 02New 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 Large one-off items impacting financial results. Market cap is less than US$100m (zł96.9m market cap, or US$25.1m).
お知らせ • May 31EC Bedzin S.A., Annual General Meeting, Jun 26, 2024EC Bedzin S.A., Annual General Meeting, Jun 26, 2024.
Reported Earnings • May 03Full year 2023 earnings releasedFull year 2023 results: Revenue: zł397.9m (up 23% from FY 2022). Net loss: zł198.9m (loss narrowed 3.3% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings.
お知らせ • Apr 22EC Bedzin S.A. to Report Fiscal Year 2024 Results on Apr 26, 2024EC Bedzin S.A. announced that they will report fiscal year 2024 results on Apr 26, 2024
分析記事 • Apr 18EC Bedzin S.A. (WSE:BDZ) Doing What It Can To Lift SharesIt's not a stretch to say that EC Bedzin S.A.'s ( WSE:BDZ ) price-to-sales (or "P/S") ratio of 0.3x right now seems...
お知らせ • Jan 12+ 2 more updatesEC Bedzin S.A. to Report Fiscal Year 2023 Results on Nov 29, 2024EC Bedzin S.A. announced that they will report fiscal year 2023 results on Nov 29, 2024
Reported Earnings • Nov 30Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł6.98m (down 90% from 3Q 2022). Net loss: zł15.8m (down 133% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings.
お知らせ • Nov 22Grupa Altum Spólka Z Ograniczona Odpowiedzialnoscia issued letter of intent to acquire 60% stake in Elektrocieplownia BEDZIN Sp. z o.o. from EC Bedzin S.A. (WSE:BDZ).Grupa Altum Spólka Z Ograniczona Odpowiedzialnoscia issued letter of intent to acquire 60% stake in Elektrocieplownia BEDZIN Sp. z o.o. from EC Bedzin S.A. (WSE:BDZ) on November 20, 2023. EC Bedzin S.A. (WSE:BDZ) will retain minority stake in Elektrocieplownia BEDZIN Sp. z o.o. The transaction is expected to close by the year end of 2023.
Reported Earnings • Oct 02Second quarter 2023 earnings released: EPS: zł7.56 (vs zł18.11 loss in 2Q 2022)Second quarter 2023 results: EPS: zł7.56 (up from zł18.11 loss in 2Q 2022). Revenue: zł86.5m (up 74% from 2Q 2022). Net income: zł23.8m (up zł80.8m from 2Q 2022). Profit margin: 28% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. 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 91% per year, which means it is well ahead of earnings.
お知らせ • Jun 04Elektrocieplownia Bedzin S.A., Annual General Meeting, Jun 28, 2023Elektrocieplownia Bedzin S.A., Annual General Meeting, Jun 28, 2023, at 10:30 Central European Standard Time.
お知らせ • Jan 12+ 3 more updatesElektrocieplownia Bedzin S.A. to Report Fiscal Year 2022 Results on Apr 26, 2023Elektrocieplownia Bedzin S.A. announced that they will report fiscal year 2022 results on Apr 26, 2023
Reported Earnings • Nov 26Third quarter 2022 earnings released: EPS: zł15.39 (vs zł9.54 loss in 3Q 2021)Third quarter 2022 results: EPS: zł15.39 (up from zł9.54 loss in 3Q 2021). Revenue: zł85.8m (up 96% from 3Q 2021). Net income: zł48.5m (up zł77.0m from 3Q 2021). Profit margin: 56% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 26Second quarter 2022 earnings released: zł18.11 loss per share (vs zł10.27 loss in 2Q 2021)Second quarter 2022 results: zł18.11 loss per share (further deteriorated from zł10.27 loss in 2Q 2021). Revenue: zł50.0m (up 30% from 2Q 2021). Net loss: zł57.0m (loss widened 86% from 2Q 2021). 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 29% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 15An unknown buyer acquired 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski.An unknown buyer acquired 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski on December 14, 2021. An unknown buyer completed the acquisition of 9.52% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) from Wieslaw Glanowski on December 14, 2021.
Reported Earnings • Dec 01Third quarter 2021 earnings: Revenues in line with analyst expectationsThird quarter 2021 results: Revenue: zł43.9m (up 11% from 3Q 2020). Net loss: zł28.5m (loss widened 31% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 04Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: zł41.1m (up 81% from 2Q 2020). Net loss: zł30.7m (loss widened 15% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 04Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: zł41.1m (up 81% from 2Q 2020). Net loss: zł30.7m (loss widened 15% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 15Wieslaw Glanowski acquired 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ).Wieslaw Glanowski acquired 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) on July 13, 2021. Wieslaw Glanowski completed the acquisition of 9.5% stake in Elektrocieplownia Bedzin S.A. (WSE:BDZ) on July 13, 2021.
Reported Earnings • Jun 05First quarter 2021 earnings released: zł4.69 loss per share (vs zł0.70 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: zł63.4m (up 27% from 1Q 2020). Net loss: zł14.0m (loss widened zł11.9m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 05Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: zł168.4m (down 25% from FY 2019). Net loss: zł69.6m (loss narrowed 34% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 25New 90-day low: zł9.20The company is down 1.0% from its price of zł9.30 on 27 November 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 8.0% over the same period.
お知らせ • Jan 14+ 3 more updatesElektrocieplownia Bedzin S.A. to Report Q1, 2021 Results on May 28, 2021Elektrocieplownia Bedzin S.A. announced that they will report Q1, 2021 results on May 28, 2021
Reported Earnings • Dec 01Third quarter 2020 earnings released: zł7.29 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: zł43.8m (down 24% from 3Q 2019). Net loss: zł21.8m (loss widened 100% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 127% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.