View Future GrowthECB 過去の業績過去 基準チェック /26ECBは、平均年間42.4%の収益成長を遂げていますが、 Electric Utilities業界の収益は、年間 成長しています。収益は、平均年間42.4% 14.8%収益成長率で 減少しています。 ECBの自己資本利益率は19.9%であり、純利益率は4.7%です。主要情報42.37%収益成長率42.37%EPS成長率Electric Utilities 業界の成長31.60%収益成長率-14.78%株主資本利益率19.90%ネット・マージン4.66%次回の業績アップデート27 May 2026最近の業績更新分析記事 • 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...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, 2025Reported 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.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.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.収支内訳ECB 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:ECB 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 258740030 Sep 2584314030 Jun 25921813031 Mar 2582911031 Dec 2410563913030 Sep 2415450229030 Jun 2413947144031 Mar 2418850353031 Dec 23245-19957030 Sep 23280-20549030 Jun 23345-14042031 Mar 23332-22141031 Dec 22323-20641030 Sep 22316-20140030 Jun 22289-27838031 Mar 22278-25237031 Dec 21245-21134030 Sep 21196-9233030 Jun 21192-8636031 Mar 21176-8236031 Dec 20163-7041030 Sep 20169-13743030 Jun 20187-12643031 Mar 20209-11542031 Dec 19224-10543030 Sep 19224-1942030 Jun 19219-1242031 Mar 19201237031 Dec 18205039030 Sep 18213545030 Jun 18198250031 Mar 18212554031 Dec 172051452030 Sep 171991450030 Jun 171962045031 Mar 171932048031 Dec 161901945030 Sep 161871937030 Jun 161801639031 Mar 161781740031 Dec 151651438030 Sep 151602634030 Jun 1514626310質の高い収益: ECBは 高品質の収益 を持っています。利益率の向上: ECBの現在の純利益率 (4.7%)は、昨年よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ECB過去 5 年間で収益を上げており、収益は年間42.4%増加しています。成長の加速: ECBは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: ECBは過去 1 年間で収益成長率がマイナス ( -99.4% ) となったため、 Electric Utilities業界平均 ( 19.1% ) と比較することが困難です。株主資本利益率高いROE: ECBの 自己資本利益率 ( 19.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 10:43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...
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
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.
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.
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.