View Future GrowthZE PAK 過去の業績過去 基準チェック /06ZE PAKは24.5%の年平均成長率で業績を伸ばしているが、Electric Utilities業界はgrowingで36.5%毎年増加している。売上は減少しており、年平均8.4%の割合である。主要情報24.51%収益成長率24.51%EPS成長率Electric Utilities 業界の成長31.60%収益成長率-8.36%株主資本利益率-8.04%ネット・マージン-11.77%次回の業績アップデート25 Sep 2026最近の業績更新お知らせ • Jan 22+ 3 more updatesZE PAK SA to Report First Half, 2026 Results on Sep 25, 2026ZE PAK SA announced that they will report first half, 2026 results on Sep 25, 2026分析記事 • Dec 07Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) ShareholdersA lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...Reported Earnings • Dec 02Third quarter 2025 earnings released: zł0.78 loss per share (vs zł0.66 profit in 3Q 2024)Third quarter 2025 results: zł0.78 loss per share (down from zł0.66 profit in 3Q 2024). Revenue: zł331.2m (down 34% from 3Q 2024). Net loss: zł39.6m (down 219% from profit in 3Q 2024). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 06Second quarter 2025 earnings released: zł1.30 loss per share (vs zł2.17 profit in 2Q 2024)Second quarter 2025 results: zł1.30 loss per share (down from zł2.17 profit in 2Q 2024). Revenue: zł335.1m (down 34% from 2Q 2024). Net loss: zł65.8m (down 160% from profit in 2Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • May 26+ 2 more updatesZE PAK SA to Report First Half, 2025 Results on Sep 30, 2025ZE PAK SA announced that they will report first half, 2025 results on Sep 30, 2025Reported Earnings • May 02Full year 2024 earnings released: EPS: zł5.17 (vs zł11.43 in FY 2023)Full year 2024 results: EPS: zł5.17 (down from zł11.43 in FY 2023). Revenue: zł2.19b (down 26% from FY 2023). Net income: zł262.9m (down 55% from FY 2023). Profit margin: 12% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesお知らせ • May 22ZE PAK SA, Annual General Meeting, Jun 17, 2026ZE PAK SA, Annual General Meeting, Jun 17, 2026, at 12:00 Central European Standard Time.New Risk • May 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: zł164m Forecast net loss in 2 years: zł53m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.お知らせ • Jan 22+ 3 more updatesZE PAK SA to Report First Half, 2026 Results on Sep 25, 2026ZE PAK SA announced that they will report first half, 2026 results on Sep 25, 2026分析記事 • Dec 07Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) ShareholdersA lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...分析記事 • Dec 05ZE PAK (WSE:ZEP) Is Experiencing Growth In Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Dec 02Third quarter 2025 earnings released: zł0.78 loss per share (vs zł0.66 profit in 3Q 2024)Third quarter 2025 results: zł0.78 loss per share (down from zł0.66 profit in 3Q 2024). Revenue: zł331.2m (down 34% from 3Q 2024). Net loss: zł39.6m (down 219% from profit in 3Q 2024). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 06Second quarter 2025 earnings released: zł1.30 loss per share (vs zł2.17 profit in 2Q 2024)Second quarter 2025 results: zł1.30 loss per share (down from zł2.17 profit in 2Q 2024). Revenue: zł335.1m (down 34% from 2Q 2024). Net loss: zł65.8m (down 160% from profit in 2Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 07ZE PAK (WSE:ZEP) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 88% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.30, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 12x in the Electric Utilities industry in Poland. Total returns to shareholders of 30% over the past three years.New Risk • Jun 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 88% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 88% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).New Risk • Jun 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).お知らせ • May 26+ 2 more updatesZE PAK SA to Report First Half, 2025 Results on Sep 30, 2025ZE PAK SA announced that they will report first half, 2025 results on Sep 30, 2025お知らせ • May 19ZE PAK SA, Annual General Meeting, Jun 12, 2025ZE PAK SA, Annual General Meeting, Jun 12, 2025.分析記事 • May 15ZE PAK SA (WSE:ZEP) Held Back By Insufficient Growth Even After Shares Climb 38%ZE PAK SA ( WSE:ZEP ) shareholders have had their patience rewarded with a 38% share price jump in the last month. The...Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 34%After last week's 34% share price gain to zł25.00, the stock trades at a trailing P/E ratio of 4.8x. Average forward P/E is 12x in the Electric Utilities industry in Poland. Total returns to shareholders of 69% over the past three years.Reported Earnings • May 02Full year 2024 earnings released: EPS: zł5.17 (vs zł11.43 in FY 2023)Full year 2024 results: EPS: zł5.17 (down from zł11.43 in FY 2023). Revenue: zł2.19b (down 26% from FY 2023). Net income: zł262.9m (down 55% from FY 2023). Profit margin: 12% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 24Improved Earnings Required Before ZE PAK SA (WSE:ZEP) Stock's 34% Jump Looks JustifiedZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...分析記事 • Jan 24ZE PAK SA's (WSE:ZEP) Shares Bounce 34% But Its Business Still Trails The MarketZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...New Risk • Jan 23New 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 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 29% per year for the foreseeable future. High level of non-cash earnings (121% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (3.9% average weekly change).Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 27%After last week's 27% share price gain to zł17.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 14% over the past three years.分析記事 • Dec 04ZE PAK (WSE:ZEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfLast week's profit announcement from ZE PAK SA ( WSE:ZEP ) was underwhelming for investors, despite headline numbers...Major Estimate Revision • Dec 03Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from zł2.50b to zł2.22b. EPS estimate unchanged from zł3.65 per share at last update. Electric Utilities industry in Poland expected to see average net income growth of 10% next year. Consensus price target down from zł30.50 to zł25.50. Share price fell 5.1% to zł15.84 over the past week.New Risk • Nov 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (74% accrual ratio).Reported Earnings • Nov 27Third quarter 2024 earnings released: EPS: zł2.74 (vs zł7.28 in 3Q 2023)Third quarter 2024 results: EPS: zł2.74 (down from zł7.28 in 3Q 2023). Revenue: zł1.56b (up 101% from 3Q 2023). Net income: zł139.0m (down 62% from 3Q 2023). Profit margin: 8.9% (down from 48% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 25Second quarter 2024 earnings released: EPS: zł2.17 (vs zł5.44 in 2Q 2023)Second quarter 2024 results: EPS: zł2.17 (down from zł5.44 in 2Q 2023). Revenue: zł522.0m (up 71% from 2Q 2023). Net income: zł110.4m (down 60% from 2Q 2023). Profit margin: 21% (down from 91% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • May 31ZE PAK SA, Annual General Meeting, Jun 24, 2024ZE PAK SA, Annual General Meeting, Jun 24, 2024.Reported Earnings • May 29First quarter 2024 earnings released: zł0.09 loss per share (vs zł7.36 loss in 1Q 2023)First quarter 2024 results: zł0.09 loss per share (improved from zł7.36 loss in 1Q 2023). Revenue: zł519.6m (down 53% from 1Q 2023). Net loss: zł4.64m (loss narrowed 99% from 1Q 2023). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.0%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.分析記事 • May 07Solid Earnings May Not Tell The Whole Story For ZE PAK (WSE:ZEP)The recent earnings posted by ZE PAK SA ( WSE:ZEP ) were solid, but the stock didn't move as much as we expected. We...New Risk • May 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 56% per year for the foreseeable future. High level of non-cash earnings (101% accrual ratio).Major Estimate Revision • Feb 01Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from zł3.32b to zł2.97b. EPS estimate unchanged from zł6.20 per share at last update. Electric Utilities industry in Poland expected to see average net income decline 4.3% next year. Consensus price target up from zł22.95 to zł28.55. Share price was steady at zł20.00 over the past week.Price Target Changed • Jan 31Price target increased by 31% to zł28.55Up from zł21.75, the current price target is an average from 2 analysts. New target price is 44% above last closing price of zł19.82. Stock is down 32% over the past year. The company is forecast to post earnings per share of zł6.20 for next year compared to zł4.00 last year.お知らせ • Jan 18+ 3 more updatesZE PAK SA to Report Q3, 2024 Results on Nov 26, 2024ZE PAK SA announced that they will report Q3, 2024 results on Nov 26, 2024Major Estimate Revision • Jan 14Consensus revenue estimates decrease by 28%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from zł4.62b to zł3.32b. EPS estimate increased from zł2.70 to zł6.19 per share. Net income forecast to shrink 8.8% next year vs 7.2% decline forecast for Electric Utilities industry in Poland. Consensus price target up from zł21.75 to zł22.95. Share price fell 2.1% to zł20.55 over the past week.Price Target Changed • Jan 12Price target increased by 11% to zł22.95Up from zł20.60, the current price target is an average from 2 analysts. New target price is 11% above last closing price of zł20.75. Stock is down 12% over the past year. The company is forecast to post earnings per share of zł6.19 for next year compared to zł4.00 last year.New Risk • Dec 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł7.13 (vs zł2.54 in 3Q 2022)Third quarter 2023 results: EPS: zł7.13 (up from zł2.54 in 3Q 2022). Revenue: zł819.9m (down 26% from 3Q 2022). Net income: zł369.9m (up 187% from 3Q 2022). Profit margin: 45% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 27% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 01Second quarter 2023 earnings released: EPS: zł5.00 (vs zł0.97 in 2Q 2022)Second quarter 2023 results: EPS: zł5.00 (up from zł0.97 in 2Q 2022). Revenue: zł305.6m (down 68% from 2Q 2022). Net income: zł254.3m (up 418% from 2Q 2022). Profit margin: 83% (up from 5.2% in 2Q 2022). Revenue is expected to fall by 24% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jun 05First quarter 2023 earnings released: zł7.39 loss per share (vs zł2.04 profit in 1Q 2022)First quarter 2023 results: zł7.39 loss per share (down from zł2.04 profit in 1Q 2022). Revenue: zł1.15b (up 20% from 1Q 2022). Net loss: zł375.8m (down 463% from profit in 1Q 2022). Revenue is expected to fall by 26% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 02ZE PAK SA, Annual General Meeting, Jun 26, 2023ZE PAK SA, Annual General Meeting, Jun 26, 2023, at 16:00 Central Europe Standard Time.お知らせ • Jan 31+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report Q2, 2023 Results on Sep 28, 2023Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report Q2, 2023 results on Sep 28, 2023分析記事 • Jan 19We Think Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Breakeven Date Change • Jan 01Forecast breakeven date pushed back to 2023The 2 analysts covering Zespól Elektrowni Patnów-Adamów-Konin previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of zł124.5m in 2023.Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł2.54 (vs zł1.70 in 3Q 2021)Third quarter 2022 results: EPS: zł2.54 (up from zł1.70 in 3Q 2021). Revenue: zł1.14b (up 94% from 3Q 2021). Net income: zł129.1m (up 50% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 43% per year.分析記事 • Nov 20News Flash: Analysts Just Made A Stunning Upgrade To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) ForecastsShareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...Price Target Changed • Nov 19Price target increased to zł26.75Up from zł20.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of zł20.75. Stock is up 16% over the past year. The company is forecast to post earnings per share of zł4.96 next year compared to a net loss per share of zł6.24 last year.Price Target Changed • Nov 16Price target decreased to zł20.00Down from zł25.65, the current price target is an average from 2 analysts. New target price is 11% below last closing price of zł22.50. Stock is up 21% over the past year. The company is forecast to post earnings per share of zł4.30 next year compared to a net loss per share of zł6.24 last year.Price Target Changed • Nov 04Price target decreased to zł20.00Down from zł25.65, the current price target is an average from 2 analysts. New target price is 23% below last closing price of zł25.90. Stock is up 38% over the past year. The company is forecast to post earnings per share of zł4.30 next year compared to a net loss per share of zł6.24 last year.分析記事 • Oct 14Zespól Elektrowni Patnów-Adamów-Konin's (WSE:ZEP) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Reported Earnings • Oct 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł960.1m (up 88% from 2Q 2021). Net income: zł49.1m (up 75% from 2Q 2021). Profit margin: 5.1% (down from 5.5% in 2Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.Breakeven Date Change • Oct 01Forecast breakeven date pushed back to 2023The 2 analysts covering Zespól Elektrowni Patnów-Adamów-Konin previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 93% to 2022. The company is expected to make a profit of zł412.0m in 2023. Average annual earnings growth of 64% is required to achieve expected profit on schedule.分析記事 • Aug 12These 4 Measures Indicate That Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Jul 08Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Could Be Struggling To Allocate CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...Price Target Changed • Jun 21Price target increased to zł25.65Up from zł19.50, the current price target is an average from 2 analysts. New target price is 19% above last closing price of zł21.55. Stock is up 124% over the past year. The company is forecast to post earnings per share of zł0.70 next year compared to a net loss per share of zł6.24 last year.お知らせ • Jun 07Zespól Elektrowni Patnów-Adamów-Konin S.A., Annual General Meeting, Jun 30, 2022Zespól Elektrowni Patnów-Adamów-Konin S.A., Annual General Meeting, Jun 30, 2022, at 10:00 Central European Standard Time.Reported Earnings • May 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: zł6.24 loss per share (down from zł4.38 loss in FY 2020). Revenue: zł2.45b (up 21% from FY 2020). Net loss: zł317.0m (loss widened 43% from FY 2020). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 119%. Over the next year, revenue is forecast to grow 6.9%, compared to a 1.1% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year.Price Target Changed • Apr 27Price target increased to zł21.15Up from zł17.90, the current price target is an average from 2 analysts. New target price is 32% above last closing price of zł16.00. Stock is up 52% over the past year. The company is forecast to post earnings per share of zł2.60 next year compared to a net loss per share of zł4.38 last year.お知らせ • Apr 15ZE PAK Provides Earnings Guidance for the Year 2021ZE PAK provided earnings guidance for the year 2021. For the period, the company expects to post PLN 309 million group net loss in 2021 after taking PLN 550 million hit to group net result from assets impairments.Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from zł2.31b to zł2.06b. EPS estimate increased from zł2.20 to zł2.60 per share. Net income forecast to shrink 109% next year vs 8.6% growth forecast for Electric Utilities industry in Poland . Consensus price target up from zł17.90 to zł21.15. Share price was steady at zł17.30 over the past week.Price Target Changed • Mar 15Price target increased to zł21.15Up from zł18.10, the current price target is an average from 2 analysts. New target price is 21% above last closing price of zł17.45. Stock is up 69% over the past year. The company is forecast to post earnings per share of zł2.20 next year compared to a net loss per share of zł4.38 last year.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to zł11.95, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł8.30 per share.お知らせ • Jan 28+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report Q1, 2022 Results on May 26, 2022Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report Q1, 2022 results on May 26, 2022分析記事 • Dec 11Upgrade: Analysts Just Made A Substantial Increase To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) ForecastsShareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...Reported Earnings • Nov 28Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2021 results: EPS: zł1.70 (up from zł0.20 in 3Q 2020). Revenue: zł618.4m (up 21% from 3Q 2020). Net income: zł86.2m (up zł76.1m from 3Q 2020). Profit margin: 14% (up from 2.0% in 3Q 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 7.8% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year.分析記事 • Nov 25Is Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Sep 30Robust Earnings May Not Tell The Whole Story For Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP)Zespól Elektrowni Patnów-Adamów-Konin S.A.'s ( WSE:ZEP ) stock didn't jump after it announced some healthy earnings...Reported Earnings • Sep 26Second quarter 2021 earnings released: EPS zł0.55 (vs zł4.86 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł523.3m (up 12% from 2Q 2020). Net income: zł28.0m (up zł275.2m from 2Q 2020). Profit margin: 5.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.Price Target Changed • Sep 10Price target increased to zł18.10Up from zł10.20, the current price target is an average from 2 analysts. New target price is 11% below last closing price of zł20.30. Stock is up 105% over the past year.Is New 90 Day High Low • Mar 12New 90-day high: zł9.82The company is up 3.0% from its price of zł9.54 on 11 December 2020. The Polish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł53.64 per share.お知らせ • Mar 04ZE PAK Appoints Katarzyna Sobierajska as Deputy CEOZE PAK appointed Katarzyna Sobierajska as deputy CEO.お知らせ • Jan 29+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report First Half, 2021 Results on Sep 24, 2021Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report first half, 2021 results on Sep 24, 2021Is New 90 Day High Low • Dec 21New 90-day low: zł9.28The company is down 4.0% from its price of zł9.70 on 22 September 2020. The Polish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 22% over the same period.Analyst Estimate Surprise Post Earnings • Nov 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 13% compared to a 3.5% decline forecast for the Electric Utilities industry in Poland.Reported Earnings • Nov 27Third quarter 2020 earnings released: EPS zł0.20The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł554.7m (down 26% from 3Q 2019). Net income: zł10.1m (down 71% from 3Q 2019). Profit margin: 1.8% (down from 4.6% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Price Target Changed • Nov 11Price target raised to zł10.20Up from zł6.10, the current price target is provided by 1 analyst. The new target price is close to the current share price of zł9.98. As of last close, the stock is up 48% over the past year.お知らせ • Sep 30+ 1 more updateArgumenol Investment Company Limited completed the acquisition of 26.36% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 100 million.Argumenol Investment Company Limited made an offer to acquire remaining 68.52% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 260 million on July 30, 2019. Under the tender offer, Argumenol Investment will acquire 34.82 million shares at an offer price of PLN 7.47 per share. Argumenol Investment already holds 31.48% stake in Zespól Elektrowni. The tender offer will run from August 20, 2019 to September 19, 2019. Argumenol Investment set no minimum numbers of tendered shares to proceed and no other conditions on the offer. Argumenol Investment Company Limited completed the acquisition of 26.36% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 100 million on September 30, 2019. Argumenol acquired 13.4 million shares at PLN 7.47 per share.お知らせ • Sep 02Zespól Elektrowni Patnów-Adamów-Konin S.A. to Report First Half, 2020 Results on Sep 30, 2020Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report first half, 2020 results on Sep 30, 2020お知らせ • Aug 12ZE PAK Power to Sack Up to 209 Employees Under Group LayoffsZE PAK announced that it is planning to fire up to 209 employees under group layoffs. The layoffs will encompass up to 80 employees in the Konin lignite mine and up to 129 employees in the mining unit PAK Gornictwo.お知らせ • Aug 08ZE PAK Power to Close Down Adamow Lignite MineZE PAK will close down its Adamow lignite mine after the facility wraps up output activity as of end-2020. The current and expected situation on the energy market do not generate impulses for maintaining the current potential in the mining segment. ZE PAK cited falling energy consumption, ever smaller difference between the energy prices and CO2 emission prices, dynamically growing energy imports and growing competitiveness of gas-fueled and renewable energy sources, among others, as reasons behind declining efficiency of the mine.収支内訳ZE PAK 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:ZEP 収益、費用、利益 ( )PLN Millions日付収益収益G+A経費研究開発費31 Mar 261,368-161166031 Dec 251,334-164174030 Sep 251,5805172030 Jun 251,75178178031 Mar 251,920254180031 Dec 242,112263160030 Sep 242,266447155030 Jun 242,540784144031 Mar 242,326950103031 Dec 232,945581130030 Sep 231,78516497030 Jun 232,120-77107031 Mar 232,769-305141031 Dec 222,613173117030 Sep 223,942-142152030 Jun 223,368-184138031 Mar 222,838-206130031 Dec 212,281-317126030 Sep 211,956131114030 Jun 211,91655121031 Mar 211,950-220117031 Dec 202,027-222118030 Sep 202,072-765123030 Jun 202,297-741117031 Mar 202,540-469119031 Dec 192,715-445121030 Sep 192,595-326117030 Jun 192,514-371119031 Mar 192,344-432124031 Dec 182,152-460128030 Sep 182,253-48125030 Jun 182,24829132031 Mar 182,309113128031 Dec 172,443183124030 Sep 172,464201131030 Jun 172,515213121031 Mar 172,624229116031 Dec 162,705248113030 Sep 162,747-1,686101030 Jun 162,808-1,758107031 Mar 162,873-1,842114031 Dec 152,948-1,881116030 Sep 152,963361270質の高い収益: ZEPは現在利益が出ていません。利益率の向上: ZEP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: ZEPは利益を出していないが、過去 5 年間で年間24.5%の割合で損失を削減してきた。成長の加速: ZEP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: ZEPは利益が出ていないため、過去 1 年間の収益成長をElectric Utilities業界 ( 77.5% ) と比較することは困難です。株主資本利益率高いROE: ZEPは現在利益が出ていないため、自己資本利益率 ( -8.04% ) 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2026/07/06 15:24終値2026/07/03 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ZE PAK SA 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Pawel PuchalskiErste Bank Polska S.A.Tomasz DudaErste Group Bank AGMilena Olszewska-MiszurisING Groep NV1 その他のアナリストを表示
お知らせ • Jan 22+ 3 more updatesZE PAK SA to Report First Half, 2026 Results on Sep 25, 2026ZE PAK SA announced that they will report first half, 2026 results on Sep 25, 2026
分析記事 • Dec 07Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) ShareholdersA lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...
Reported Earnings • Dec 02Third quarter 2025 earnings released: zł0.78 loss per share (vs zł0.66 profit in 3Q 2024)Third quarter 2025 results: zł0.78 loss per share (down from zł0.66 profit in 3Q 2024). Revenue: zł331.2m (down 34% from 3Q 2024). Net loss: zł39.6m (down 219% from profit in 3Q 2024). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 06Second quarter 2025 earnings released: zł1.30 loss per share (vs zł2.17 profit in 2Q 2024)Second quarter 2025 results: zł1.30 loss per share (down from zł2.17 profit in 2Q 2024). Revenue: zł335.1m (down 34% from 2Q 2024). Net loss: zł65.8m (down 160% from profit in 2Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • May 26+ 2 more updatesZE PAK SA to Report First Half, 2025 Results on Sep 30, 2025ZE PAK SA announced that they will report first half, 2025 results on Sep 30, 2025
Reported Earnings • May 02Full year 2024 earnings released: EPS: zł5.17 (vs zł11.43 in FY 2023)Full year 2024 results: EPS: zł5.17 (down from zł11.43 in FY 2023). Revenue: zł2.19b (down 26% from FY 2023). Net income: zł262.9m (down 55% from FY 2023). Profit margin: 12% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • May 22ZE PAK SA, Annual General Meeting, Jun 17, 2026ZE PAK SA, Annual General Meeting, Jun 17, 2026, at 12:00 Central European Standard Time.
New Risk • May 13New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: zł164m Forecast net loss in 2 years: zł53m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company.
お知らせ • Jan 22+ 3 more updatesZE PAK SA to Report First Half, 2026 Results on Sep 25, 2026ZE PAK SA announced that they will report first half, 2026 results on Sep 25, 2026
分析記事 • Dec 07Earnings Troubles May Signal Larger Issues for ZE PAK (WSE:ZEP) ShareholdersA lackluster earnings announcement from ZE PAK SA ( WSE:ZEP ) last week didn't sink the stock price. However, we...
分析記事 • Dec 05ZE PAK (WSE:ZEP) Is Experiencing Growth In Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Dec 02Third quarter 2025 earnings released: zł0.78 loss per share (vs zł0.66 profit in 3Q 2024)Third quarter 2025 results: zł0.78 loss per share (down from zł0.66 profit in 3Q 2024). Revenue: zł331.2m (down 34% from 3Q 2024). Net loss: zł39.6m (down 219% from profit in 3Q 2024). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 06Second quarter 2025 earnings released: zł1.30 loss per share (vs zł2.17 profit in 2Q 2024)Second quarter 2025 results: zł1.30 loss per share (down from zł2.17 profit in 2Q 2024). Revenue: zł335.1m (down 34% from 2Q 2024). Net loss: zł65.8m (down 160% from profit in 2Q 2024). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 07ZE PAK (WSE:ZEP) Might Have The Makings Of A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
New Risk • Jul 01New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 88% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.30, the stock trades at a trailing P/E ratio of 6.1x. Average forward P/E is 12x in the Electric Utilities industry in Poland. Total returns to shareholders of 30% over the past three years.
New Risk • Jun 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 88% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 88% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
New Risk • Jun 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
お知らせ • May 26+ 2 more updatesZE PAK SA to Report First Half, 2025 Results on Sep 30, 2025ZE PAK SA announced that they will report first half, 2025 results on Sep 30, 2025
お知らせ • May 19ZE PAK SA, Annual General Meeting, Jun 12, 2025ZE PAK SA, Annual General Meeting, Jun 12, 2025.
分析記事 • May 15ZE PAK SA (WSE:ZEP) Held Back By Insufficient Growth Even After Shares Climb 38%ZE PAK SA ( WSE:ZEP ) shareholders have had their patience rewarded with a 38% share price jump in the last month. The...
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 34%After last week's 34% share price gain to zł25.00, the stock trades at a trailing P/E ratio of 4.8x. Average forward P/E is 12x in the Electric Utilities industry in Poland. Total returns to shareholders of 69% over the past three years.
Reported Earnings • May 02Full year 2024 earnings released: EPS: zł5.17 (vs zł11.43 in FY 2023)Full year 2024 results: EPS: zł5.17 (down from zł11.43 in FY 2023). Revenue: zł2.19b (down 26% from FY 2023). Net income: zł262.9m (down 55% from FY 2023). Profit margin: 12% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 25% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 24Improved Earnings Required Before ZE PAK SA (WSE:ZEP) Stock's 34% Jump Looks JustifiedZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...
分析記事 • Jan 24ZE PAK SA's (WSE:ZEP) Shares Bounce 34% But Its Business Still Trails The MarketZE PAK SA ( WSE:ZEP ) shares have had a really impressive month, gaining 34% after a shaky period beforehand. Not all...
New Risk • Jan 23New 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 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 29% per year for the foreseeable future. High level of non-cash earnings (121% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (3.9% average weekly change).
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 27%After last week's 27% share price gain to zł17.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 14% over the past three years.
分析記事 • Dec 04ZE PAK (WSE:ZEP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfLast week's profit announcement from ZE PAK SA ( WSE:ZEP ) was underwhelming for investors, despite headline numbers...
Major Estimate Revision • Dec 03Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from zł2.50b to zł2.22b. EPS estimate unchanged from zł3.65 per share at last update. Electric Utilities industry in Poland expected to see average net income growth of 10% next year. Consensus price target down from zł30.50 to zł25.50. Share price fell 5.1% to zł15.84 over the past week.
New Risk • Nov 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (74% accrual ratio).
Reported Earnings • Nov 27Third quarter 2024 earnings released: EPS: zł2.74 (vs zł7.28 in 3Q 2023)Third quarter 2024 results: EPS: zł2.74 (down from zł7.28 in 3Q 2023). Revenue: zł1.56b (up 101% from 3Q 2023). Net income: zł139.0m (down 62% from 3Q 2023). Profit margin: 8.9% (down from 48% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 25Second quarter 2024 earnings released: EPS: zł2.17 (vs zł5.44 in 2Q 2023)Second quarter 2024 results: EPS: zł2.17 (down from zł5.44 in 2Q 2023). Revenue: zł522.0m (up 71% from 2Q 2023). Net income: zł110.4m (down 60% from 2Q 2023). Profit margin: 21% (down from 91% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.7%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • May 31ZE PAK SA, Annual General Meeting, Jun 24, 2024ZE PAK SA, Annual General Meeting, Jun 24, 2024.
Reported Earnings • May 29First quarter 2024 earnings released: zł0.09 loss per share (vs zł7.36 loss in 1Q 2023)First quarter 2024 results: zł0.09 loss per share (improved from zł7.36 loss in 1Q 2023). Revenue: zł519.6m (down 53% from 1Q 2023). Net loss: zł4.64m (loss narrowed 99% from 1Q 2023). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.0%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
分析記事 • May 07Solid Earnings May Not Tell The Whole Story For ZE PAK (WSE:ZEP)The recent earnings posted by ZE PAK SA ( WSE:ZEP ) were solid, but the stock didn't move as much as we expected. We...
New Risk • May 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 56% per year for the foreseeable future. High level of non-cash earnings (101% accrual ratio).
Major Estimate Revision • Feb 01Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from zł3.32b to zł2.97b. EPS estimate unchanged from zł6.20 per share at last update. Electric Utilities industry in Poland expected to see average net income decline 4.3% next year. Consensus price target up from zł22.95 to zł28.55. Share price was steady at zł20.00 over the past week.
Price Target Changed • Jan 31Price target increased by 31% to zł28.55Up from zł21.75, the current price target is an average from 2 analysts. New target price is 44% above last closing price of zł19.82. Stock is down 32% over the past year. The company is forecast to post earnings per share of zł6.20 for next year compared to zł4.00 last year.
お知らせ • Jan 18+ 3 more updatesZE PAK SA to Report Q3, 2024 Results on Nov 26, 2024ZE PAK SA announced that they will report Q3, 2024 results on Nov 26, 2024
Major Estimate Revision • Jan 14Consensus revenue estimates decrease by 28%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from zł4.62b to zł3.32b. EPS estimate increased from zł2.70 to zł6.19 per share. Net income forecast to shrink 8.8% next year vs 7.2% decline forecast for Electric Utilities industry in Poland. Consensus price target up from zł21.75 to zł22.95. Share price fell 2.1% to zł20.55 over the past week.
Price Target Changed • Jan 12Price target increased by 11% to zł22.95Up from zł20.60, the current price target is an average from 2 analysts. New target price is 11% above last closing price of zł20.75. Stock is down 12% over the past year. The company is forecast to post earnings per share of zł6.19 for next year compared to zł4.00 last year.
New Risk • Dec 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Dec 01Third quarter 2023 earnings released: EPS: zł7.13 (vs zł2.54 in 3Q 2022)Third quarter 2023 results: EPS: zł7.13 (up from zł2.54 in 3Q 2022). Revenue: zł819.9m (down 26% from 3Q 2022). Net income: zł369.9m (up 187% from 3Q 2022). Profit margin: 45% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 27% p.a. on average during the next 3 years compared to a 3.2% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 01Second quarter 2023 earnings released: EPS: zł5.00 (vs zł0.97 in 2Q 2022)Second quarter 2023 results: EPS: zł5.00 (up from zł0.97 in 2Q 2022). Revenue: zł305.6m (down 68% from 2Q 2022). Net income: zł254.3m (up 418% from 2Q 2022). Profit margin: 83% (up from 5.2% in 2Q 2022). Revenue is expected to fall by 24% p.a. on average during the next 3 years compared to a 4.5% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jun 05First quarter 2023 earnings released: zł7.39 loss per share (vs zł2.04 profit in 1Q 2022)First quarter 2023 results: zł7.39 loss per share (down from zł2.04 profit in 1Q 2022). Revenue: zł1.15b (up 20% from 1Q 2022). Net loss: zł375.8m (down 463% from profit in 1Q 2022). Revenue is expected to fall by 26% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 02ZE PAK SA, Annual General Meeting, Jun 26, 2023ZE PAK SA, Annual General Meeting, Jun 26, 2023, at 16:00 Central Europe Standard Time.
お知らせ • Jan 31+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report Q2, 2023 Results on Sep 28, 2023Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report Q2, 2023 results on Sep 28, 2023
分析記事 • Jan 19We Think Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Taking Some Risk With Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Breakeven Date Change • Jan 01Forecast breakeven date pushed back to 2023The 2 analysts covering Zespól Elektrowni Patnów-Adamów-Konin previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of zł124.5m in 2023.
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł2.54 (vs zł1.70 in 3Q 2021)Third quarter 2022 results: EPS: zł2.54 (up from zł1.70 in 3Q 2021). Revenue: zł1.14b (up 94% from 3Q 2021). Net income: zł129.1m (up 50% from 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 43% per year.
分析記事 • Nov 20News Flash: Analysts Just Made A Stunning Upgrade To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) ForecastsShareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...
Price Target Changed • Nov 19Price target increased to zł26.75Up from zł20.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of zł20.75. Stock is up 16% over the past year. The company is forecast to post earnings per share of zł4.96 next year compared to a net loss per share of zł6.24 last year.
Price Target Changed • Nov 16Price target decreased to zł20.00Down from zł25.65, the current price target is an average from 2 analysts. New target price is 11% below last closing price of zł22.50. Stock is up 21% over the past year. The company is forecast to post earnings per share of zł4.30 next year compared to a net loss per share of zł6.24 last year.
Price Target Changed • Nov 04Price target decreased to zł20.00Down from zł25.65, the current price target is an average from 2 analysts. New target price is 23% below last closing price of zł25.90. Stock is up 38% over the past year. The company is forecast to post earnings per share of zł4.30 next year compared to a net loss per share of zł6.24 last year.
分析記事 • Oct 14Zespól Elektrowni Patnów-Adamów-Konin's (WSE:ZEP) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Reported Earnings • Oct 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł960.1m (up 88% from 2Q 2021). Net income: zł49.1m (up 75% from 2Q 2021). Profit margin: 5.1% (down from 5.5% in 2Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
Breakeven Date Change • Oct 01Forecast breakeven date pushed back to 2023The 2 analysts covering Zespól Elektrowni Patnów-Adamów-Konin previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 93% to 2022. The company is expected to make a profit of zł412.0m in 2023. Average annual earnings growth of 64% is required to achieve expected profit on schedule.
分析記事 • Aug 12These 4 Measures Indicate That Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Is Using Debt ExtensivelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Jul 08Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Could Be Struggling To Allocate CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Price Target Changed • Jun 21Price target increased to zł25.65Up from zł19.50, the current price target is an average from 2 analysts. New target price is 19% above last closing price of zł21.55. Stock is up 124% over the past year. The company is forecast to post earnings per share of zł0.70 next year compared to a net loss per share of zł6.24 last year.
お知らせ • Jun 07Zespól Elektrowni Patnów-Adamów-Konin S.A., Annual General Meeting, Jun 30, 2022Zespól Elektrowni Patnów-Adamów-Konin S.A., Annual General Meeting, Jun 30, 2022, at 10:00 Central European Standard Time.
Reported Earnings • May 04Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: zł6.24 loss per share (down from zł4.38 loss in FY 2020). Revenue: zł2.45b (up 21% from FY 2020). Net loss: zł317.0m (loss widened 43% from FY 2020). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 119%. Over the next year, revenue is forecast to grow 6.9%, compared to a 1.1% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year.
Price Target Changed • Apr 27Price target increased to zł21.15Up from zł17.90, the current price target is an average from 2 analysts. New target price is 32% above last closing price of zł16.00. Stock is up 52% over the past year. The company is forecast to post earnings per share of zł2.60 next year compared to a net loss per share of zł4.38 last year.
お知らせ • Apr 15ZE PAK Provides Earnings Guidance for the Year 2021ZE PAK provided earnings guidance for the year 2021. For the period, the company expects to post PLN 309 million group net loss in 2021 after taking PLN 550 million hit to group net result from assets impairments.
Major Estimate Revision • Mar 16Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from zł2.31b to zł2.06b. EPS estimate increased from zł2.20 to zł2.60 per share. Net income forecast to shrink 109% next year vs 8.6% growth forecast for Electric Utilities industry in Poland . Consensus price target up from zł17.90 to zł21.15. Share price was steady at zł17.30 over the past week.
Price Target Changed • Mar 15Price target increased to zł21.15Up from zł18.10, the current price target is an average from 2 analysts. New target price is 21% above last closing price of zł17.45. Stock is up 69% over the past year. The company is forecast to post earnings per share of zł2.20 next year compared to a net loss per share of zł4.38 last year.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to zł11.95, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł8.30 per share.
お知らせ • Jan 28+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report Q1, 2022 Results on May 26, 2022Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report Q1, 2022 results on May 26, 2022
分析記事 • Dec 11Upgrade: Analysts Just Made A Substantial Increase To Their Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) ForecastsShareholders in Zespól Elektrowni Patnów-Adamów-Konin S.A. ( WSE:ZEP ) may be thrilled to learn that the analysts have...
Reported Earnings • Nov 28Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2021 results: EPS: zł1.70 (up from zł0.20 in 3Q 2020). Revenue: zł618.4m (up 21% from 3Q 2020). Net income: zł86.2m (up zł76.1m from 3Q 2020). Profit margin: 14% (up from 2.0% in 3Q 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 7.8% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 28% per year.
分析記事 • Nov 25Is Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP) Weighed On By Its Debt Load?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Sep 30Robust Earnings May Not Tell The Whole Story For Zespól Elektrowni Patnów-Adamów-Konin (WSE:ZEP)Zespól Elektrowni Patnów-Adamów-Konin S.A.'s ( WSE:ZEP ) stock didn't jump after it announced some healthy earnings...
Reported Earnings • Sep 26Second quarter 2021 earnings released: EPS zł0.55 (vs zł4.86 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł523.3m (up 12% from 2Q 2020). Net income: zł28.0m (up zł275.2m from 2Q 2020). Profit margin: 5.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
Price Target Changed • Sep 10Price target increased to zł18.10Up from zł10.20, the current price target is an average from 2 analysts. New target price is 11% below last closing price of zł20.30. Stock is up 105% over the past year.
Is New 90 Day High Low • Mar 12New 90-day high: zł9.82The company is up 3.0% from its price of zł9.54 on 11 December 2020. The Polish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is zł53.64 per share.
お知らせ • Mar 04ZE PAK Appoints Katarzyna Sobierajska as Deputy CEOZE PAK appointed Katarzyna Sobierajska as deputy CEO.
お知らせ • Jan 29+ 3 more updatesZespól Elektrowni Patnów-Adamów-Konin S.A. to Report First Half, 2021 Results on Sep 24, 2021Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report first half, 2021 results on Sep 24, 2021
Is New 90 Day High Low • Dec 21New 90-day low: zł9.28The company is down 4.0% from its price of zł9.70 on 22 September 2020. The Polish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 22% over the same period.
Analyst Estimate Surprise Post Earnings • Nov 27Revenue and earnings miss expectationsRevenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 13% compared to a 3.5% decline forecast for the Electric Utilities industry in Poland.
Reported Earnings • Nov 27Third quarter 2020 earnings released: EPS zł0.20The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł554.7m (down 26% from 3Q 2019). Net income: zł10.1m (down 71% from 3Q 2019). Profit margin: 1.8% (down from 4.6% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Price Target Changed • Nov 11Price target raised to zł10.20Up from zł6.10, the current price target is provided by 1 analyst. The new target price is close to the current share price of zł9.98. As of last close, the stock is up 48% over the past year.
お知らせ • Sep 30+ 1 more updateArgumenol Investment Company Limited completed the acquisition of 26.36% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 100 million.Argumenol Investment Company Limited made an offer to acquire remaining 68.52% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 260 million on July 30, 2019. Under the tender offer, Argumenol Investment will acquire 34.82 million shares at an offer price of PLN 7.47 per share. Argumenol Investment already holds 31.48% stake in Zespól Elektrowni. The tender offer will run from August 20, 2019 to September 19, 2019. Argumenol Investment set no minimum numbers of tendered shares to proceed and no other conditions on the offer. Argumenol Investment Company Limited completed the acquisition of 26.36% stake in Zespól Elektrowni Patnów-Adamów-Konin S.A. (WSE:ZEP) for approximately PLN 100 million on September 30, 2019. Argumenol acquired 13.4 million shares at PLN 7.47 per share.
お知らせ • Sep 02Zespól Elektrowni Patnów-Adamów-Konin S.A. to Report First Half, 2020 Results on Sep 30, 2020Zespól Elektrowni Patnów-Adamów-Konin S.A. announced that they will report first half, 2020 results on Sep 30, 2020
お知らせ • Aug 12ZE PAK Power to Sack Up to 209 Employees Under Group LayoffsZE PAK announced that it is planning to fire up to 209 employees under group layoffs. The layoffs will encompass up to 80 employees in the Konin lignite mine and up to 129 employees in the mining unit PAK Gornictwo.
お知らせ • Aug 08ZE PAK Power to Close Down Adamow Lignite MineZE PAK will close down its Adamow lignite mine after the facility wraps up output activity as of end-2020. The current and expected situation on the energy market do not generate impulses for maintaining the current potential in the mining segment. ZE PAK cited falling energy consumption, ever smaller difference between the energy prices and CO2 emission prices, dynamically growing energy imports and growing competitiveness of gas-fueled and renewable energy sources, among others, as reasons behind declining efficiency of the mine.