View Future GrowthMirbud 과거 순이익 실적과거 기준 점검 4/6Mirbud은 연평균 1.6%의 비율로 수입이 증가해 온 반면, Construction 산업은 수입이 19.5% 증가했습니다. 매출은 연평균 7.8%의 비율로 증가했습니다. Mirbud의 자기자본이익률은 8.9%이고 순이익률은 3.6%입니다.핵심 정보1.58%순이익 성장률-2.78%주당순이익(EPS) 성장률Construction 산업 성장률-11.97%매출 성장률7.79%자기자본이익률8.89%순이익률3.56%다음 순이익 업데이트27 Aug 2026최근 과거 실적 업데이트공시 • Aug 20Mirbud S.A. to Report First Half, 2025 Results on Aug 28, 2025Mirbud S.A. announced that they will report first half, 2025 results on Aug 28, 2025Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.16 (vs zł0.17 in 2Q 2023)Second quarter 2024 results: EPS: zł0.16. Revenue: zł815.7m (up 20% from 2Q 2023). Net income: zł21.1m (up 34% from 2Q 2023). Profit margin: 2.6% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue.공시 • Jan 13Mirbud S.A. to Report Fiscal Year 2023 Results on Apr 25, 2024Mirbud S.A. announced that they will report fiscal year 2023 results on Apr 25, 2024공시 • Jan 12+ 2 more updatesMirbud S.A. to Report Q2, 2024 Results on Aug 29, 2024Mirbud S.A. announced that they will report Q2, 2024 results on Aug 29, 2024Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.30 (vs zł0.53 in 3Q 2022)Third quarter 2023 results: EPS: zł0.30 (down from zł0.53 in 3Q 2022). Revenue: zł872.4m (down 8.3% from 3Q 2022). Net income: zł27.5m (down 43% from 3Q 2022). Profit margin: 3.2% (down from 5.1% in 3Q 2022). The decrease in margin was driven by lower revenue.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: zł0.17 (vs zł0.27 in 2Q 2022)Second quarter 2023 results: EPS: zł0.17 (down from zł0.27 in 2Q 2022). Revenue: zł679.9m (down 20% from 2Q 2022). Net income: zł15.7m (down 36% from 2Q 2022). Profit margin: 2.3% (down from 2.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Construction industry in Germany.모든 업데이트 보기Recent updatesDeclared Dividend • May 27Dividend of zł0.20 announcedShareholders will receive a dividend of zł0.20. Ex-date: 30th June 2026 Payment date: 8th July 2026 Dividend yield will be 7.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 10.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • May 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% 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. This is currently the only risk that has been identified for the company.공시 • May 22Mirbud S.A., Annual General Meeting, Jun 19, 2026Mirbud S.A., Annual General Meeting, Jun 19, 2026, at 09:00 Central European Standard Time.공시 • Aug 20Mirbud S.A. to Report First Half, 2025 Results on Aug 28, 2025Mirbud S.A. announced that they will report first half, 2025 results on Aug 28, 2025공시 • May 20Mirbud S.A. announces Annual dividend, payable on August 08, 2025Mirbud S.A. announced Annual dividend of PLN 0.0900 per share payable on August 08, 2025, ex-date on June 30, 2025 and record date on July 01, 2025.공시 • May 19Mirbud S.A., Annual General Meeting, Jun 13, 2025Mirbud S.A., Annual General Meeting, Jun 13, 2025.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.94, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 290% over the past three years.New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.16 (vs zł0.17 in 2Q 2023)Second quarter 2024 results: EPS: zł0.16. Revenue: zł815.7m (up 20% from 2Q 2023). Net income: zł21.1m (up 34% from 2Q 2023). Profit margin: 2.6% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.39, the stock trades at a trailing P/E ratio of 10.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 291% over the past three years.New Risk • Jun 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).공시 • Jun 24Mirbud to Pay Dividend, Payable on August 7, 2024Mirbud's shareholders have decided to pay a total dividend of PLN 19.27 million (EUR 4.4 million), or PLN 0.21 (EUR 0.05) per share. The record date is June 27, 2024 and the dividend will be paid on August 7, 2024. In 2023, Mirbud's general meeting decided to pay a total dividend for 2022 of PLN 23.85 million (EUR 5.5 million), or PLN 0.26 (EUR 0.06) gross per share.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €3.28, the stock trades at a trailing P/E ratio of 7.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 261% over the past three years.Upcoming Dividend • Jun 19Upcoming dividend of zł0.21 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).공시 • Jun 15Mirbud S.A. has completed a Follow-on Equity Offering in the amount of PLN 201.8368 million.Mirbud S.A. has completed a Follow-on Equity Offering in the amount of PLN 201.8368 million. Security Name: Series L Shares Security Type: Common Stock Securities Offered: 18,348,800 Price\Range: PLN 11 Transaction Features: Regulation S; Subsequent Direct ListingNew Risk • Jun 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).Declared Dividend • May 27Dividend of zł0.21 announcedShareholders will receive a dividend of zł0.21. Ex-date: 26th June 2024 Payment date: 7th August 2024 Dividend yield will be 8.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 90% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • May 26Mirbud S.A. Proposes Dividend for the Year 2023Mirbud S.A. recommends dividend payment of PLN 19.27 million (EUR 4.53 million) or PLN 0.21 (EUR 0.05) per share, the company said in a market filing. In 2023, the company's general meeting decided on a dividend payment for 2022 amounting to PLN 23.85 million (EUR 5.60 million) or PLN 0.26 (EUR 0.06) per share.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.61, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 163% over the past three years.New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).공시 • Jan 13Mirbud S.A. to Report Fiscal Year 2023 Results on Apr 25, 2024Mirbud S.A. announced that they will report fiscal year 2023 results on Apr 25, 2024공시 • Jan 12+ 2 more updatesMirbud S.A. to Report Q2, 2024 Results on Aug 29, 2024Mirbud S.A. announced that they will report Q2, 2024 results on Aug 29, 2024Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.30 (vs zł0.53 in 3Q 2022)Third quarter 2023 results: EPS: zł0.30 (down from zł0.53 in 3Q 2022). Revenue: zł872.4m (down 8.3% from 3Q 2022). Net income: zł27.5m (down 43% from 3Q 2022). Profit margin: 3.2% (down from 5.1% in 3Q 2022). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.71, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 175% over the past year.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: zł0.17 (vs zł0.27 in 2Q 2022)Second quarter 2023 results: EPS: zł0.17 (down from zł0.27 in 2Q 2022). Revenue: zł679.9m (down 20% from 2Q 2022). Net income: zł15.7m (down 36% from 2Q 2022). Profit margin: 2.3% (down from 2.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Construction industry in Germany.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.36, the stock trades at a trailing P/E ratio of 5.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 100% over the past year.매출 및 비용 세부 내역Mirbud가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:9SX 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비31 Mar 263,00210711031 Dec 252,9511120030 Sep 252,845107103030 Jun 253,00710398031 Mar 253,102103100031 Dec 243,252121103030 Sep 243,61114429030 Jun 243,590161102031 Mar 243,454156101031 Dec 233,32213596030 Sep 233,0848886030 Jun 233,16310879031 Mar 233,33311776031 Dec 223,31911974030 Sep 223,16112372030 Jun 222,98411870031 Mar 222,70911668031 Dec 212,50612866030 Sep 212,1251245030 Jun 211,680973031 Mar 211,349790031 Dec 201,243580030 Sep 201,0793756030 Jun 209802955031 Mar 209602854031 Dec 199492854030 Sep 199722554030 Jun 191,0642553031 Mar 191,1832765031 Dec 181,1432552030 Sep 181,0882350030 Jun 181,0102448031 Mar 188812345031 Dec 178602345030 Sep 178241744030 Jun 178082443031 Mar 177752041031 Dec 167741941030 Sep 16762186030 Jun 1675477031 Mar 1675512-7031 Dec 15761140030 Sep 157971632030 Jun 1577715290양질의 수익: 9SX는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 9SX의 현재 순 이익률 (3.6%)은 지난해 (3.3%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9SX의 수익은 지난 5년 동안 연평균 1.6% 증가했습니다.성장 가속화: 지난 1년간 9SX 의 수익 증가율(3.7%)은 연간 평균(1.6%)을 초과합니다.수익 대 산업: 9SX의 지난 1년 수익 증가율(3.7%)은 Construction 업계 평균(17%)을 능가하지 못했습니다.자기자본이익률높은 ROE: 9SX의 자본 수익률(8.9%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/15 12:54종가2026/06/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Mirbud S.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piotr ZybalaPKO BP Securities
공시 • Aug 20Mirbud S.A. to Report First Half, 2025 Results on Aug 28, 2025Mirbud S.A. announced that they will report first half, 2025 results on Aug 28, 2025
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.16 (vs zł0.17 in 2Q 2023)Second quarter 2024 results: EPS: zł0.16. Revenue: zł815.7m (up 20% from 2Q 2023). Net income: zł21.1m (up 34% from 2Q 2023). Profit margin: 2.6% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue.
공시 • Jan 13Mirbud S.A. to Report Fiscal Year 2023 Results on Apr 25, 2024Mirbud S.A. announced that they will report fiscal year 2023 results on Apr 25, 2024
공시 • Jan 12+ 2 more updatesMirbud S.A. to Report Q2, 2024 Results on Aug 29, 2024Mirbud S.A. announced that they will report Q2, 2024 results on Aug 29, 2024
Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.30 (vs zł0.53 in 3Q 2022)Third quarter 2023 results: EPS: zł0.30 (down from zł0.53 in 3Q 2022). Revenue: zł872.4m (down 8.3% from 3Q 2022). Net income: zł27.5m (down 43% from 3Q 2022). Profit margin: 3.2% (down from 5.1% in 3Q 2022). The decrease in margin was driven by lower revenue.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: zł0.17 (vs zł0.27 in 2Q 2022)Second quarter 2023 results: EPS: zł0.17 (down from zł0.27 in 2Q 2022). Revenue: zł679.9m (down 20% from 2Q 2022). Net income: zł15.7m (down 36% from 2Q 2022). Profit margin: 2.3% (down from 2.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Construction industry in Germany.
Declared Dividend • May 27Dividend of zł0.20 announcedShareholders will receive a dividend of zł0.20. Ex-date: 30th June 2026 Payment date: 8th July 2026 Dividend yield will be 7.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 31% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 10.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • May 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% 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. This is currently the only risk that has been identified for the company.
공시 • May 22Mirbud S.A., Annual General Meeting, Jun 19, 2026Mirbud S.A., Annual General Meeting, Jun 19, 2026, at 09:00 Central European Standard Time.
공시 • Aug 20Mirbud S.A. to Report First Half, 2025 Results on Aug 28, 2025Mirbud S.A. announced that they will report first half, 2025 results on Aug 28, 2025
공시 • May 20Mirbud S.A. announces Annual dividend, payable on August 08, 2025Mirbud S.A. announced Annual dividend of PLN 0.0900 per share payable on August 08, 2025, ex-date on June 30, 2025 and record date on July 01, 2025.
공시 • May 19Mirbud S.A., Annual General Meeting, Jun 13, 2025Mirbud S.A., Annual General Meeting, Jun 13, 2025.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.94, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 290% over the past three years.
New Risk • Sep 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding).
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.16 (vs zł0.17 in 2Q 2023)Second quarter 2024 results: EPS: zł0.16. Revenue: zł815.7m (up 20% from 2Q 2023). Net income: zł21.1m (up 34% from 2Q 2023). Profit margin: 2.6% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.39, the stock trades at a trailing P/E ratio of 10.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 291% over the past three years.
New Risk • Jun 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).
공시 • Jun 24Mirbud to Pay Dividend, Payable on August 7, 2024Mirbud's shareholders have decided to pay a total dividend of PLN 19.27 million (EUR 4.4 million), or PLN 0.21 (EUR 0.05) per share. The record date is June 27, 2024 and the dividend will be paid on August 7, 2024. In 2023, Mirbud's general meeting decided to pay a total dividend for 2022 of PLN 23.85 million (EUR 5.5 million), or PLN 0.26 (EUR 0.06) gross per share.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €3.28, the stock trades at a trailing P/E ratio of 7.9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 261% over the past three years.
Upcoming Dividend • Jun 19Upcoming dividend of zł0.21 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%).
공시 • Jun 15Mirbud S.A. has completed a Follow-on Equity Offering in the amount of PLN 201.8368 million.Mirbud S.A. has completed a Follow-on Equity Offering in the amount of PLN 201.8368 million. Security Name: Series L Shares Security Type: Common Stock Securities Offered: 18,348,800 Price\Range: PLN 11 Transaction Features: Regulation S; Subsequent Direct Listing
New Risk • Jun 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change).
Declared Dividend • May 27Dividend of zł0.21 announcedShareholders will receive a dividend of zł0.21. Ex-date: 26th June 2024 Payment date: 7th August 2024 Dividend yield will be 8.2%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 90% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • May 26Mirbud S.A. Proposes Dividend for the Year 2023Mirbud S.A. recommends dividend payment of PLN 19.27 million (EUR 4.53 million) or PLN 0.21 (EUR 0.05) per share, the company said in a market filing. In 2023, the company's general meeting decided on a dividend payment for 2022 amounting to PLN 23.85 million (EUR 5.60 million) or PLN 0.26 (EUR 0.06) per share.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.61, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 14x in the Construction industry in Europe. Total returns to shareholders of 163% over the past three years.
New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
공시 • Jan 13Mirbud S.A. to Report Fiscal Year 2023 Results on Apr 25, 2024Mirbud S.A. announced that they will report fiscal year 2023 results on Apr 25, 2024
공시 • Jan 12+ 2 more updatesMirbud S.A. to Report Q2, 2024 Results on Aug 29, 2024Mirbud S.A. announced that they will report Q2, 2024 results on Aug 29, 2024
Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.30 (vs zł0.53 in 3Q 2022)Third quarter 2023 results: EPS: zł0.30 (down from zł0.53 in 3Q 2022). Revenue: zł872.4m (down 8.3% from 3Q 2022). Net income: zł27.5m (down 43% from 3Q 2022). Profit margin: 3.2% (down from 5.1% in 3Q 2022). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.71, the stock trades at a trailing P/E ratio of 6.6x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 175% over the past year.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: zł0.17 (vs zł0.27 in 2Q 2022)Second quarter 2023 results: EPS: zł0.17 (down from zł0.27 in 2Q 2022). Revenue: zł679.9m (down 20% from 2Q 2022). Net income: zł15.7m (down 36% from 2Q 2022). Profit margin: 2.3% (down from 2.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Construction industry in Germany.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.36, the stock trades at a trailing P/E ratio of 5.1x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 100% over the past year.