View ValuationFabryki Mebli FORTE 향후 성장Future 기준 점검 1/6Fabryki Mebli FORTE (는) 각각 연간 13.1% 및 3.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 5.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 2.7% 로 예상됩니다.핵심 정보13.1%이익 성장률5.20%EPS 성장률Consumer Durables 이익 성장21.1%매출 성장률3.8%향후 자기자본이익률2.72%애널리스트 커버리지Low마지막 업데이트20 Jul 2026최근 향후 성장 업데이트공고 • May 10Forte Provides Revenue Guidance for the Year 2022Forte provided revenue guidance for the year 2022. Revenues in 2022 will increase due to price hikes the company is introducing. Volume-wise however the company would like to at least repeat last year.공고 • Apr 24Forte Furniture Provides Earnings Guidance for the First Quarter of 2021Forte furniture provided earnings guidance for the first quarter of 2021. For the period the company expected revenues are estimated at PLN 298 million, EBIT to be PLN 45 million.모든 업데이트 보기Recent updatesNew Risk • Jul 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.공고 • Aug 20Fabryki Mebli FORTE S.A. to Report Q1, 2026 Results on Aug 21, 2025Fabryki Mebli FORTE S.A. announced that they will report Q1, 2026 results on Aug 21, 2025공고 • Aug 08Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 17, 2025Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 17, 2025, at 10:00 Central European Standard Time.공고 • Oct 02Indian Furniture Products Limited acquired 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) for INR 0.04 million.Indian Furniture Products Limited acquired 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) for INR 0.04 million on October 1, 2024. A cash consideration of INR 0.04 million will be paid by Indian Furniture Products Limited. As part of consideration, INR 0.04 million is paid towards common equity of Forte Furniture Products India Private Limited. With the acquisition, the IFPL along with the Company holds entire Equity Share Capital of FFPIPL. For the period ending March 31, 2024, Forte Furniture Products India Private Limited reported total revenue of INR 389.21 million. Indian Furniture Products Limited completed the acquisition of 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) on October 1, 2024Reported Earnings • Aug 23First quarter 2025 earnings released: zł0.48 loss per share (vs zł1.47 loss in 1Q 2024)First quarter 2025 results: zł0.48 loss per share (improved from zł1.47 loss in 1Q 2024). Revenue: zł250.8m (up 5.5% from 1Q 2024). Net loss: zł11.4m (loss narrowed 68% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.공고 • Aug 05Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 03, 2024Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 03, 2024, at 10:00 Central European Standard Time. Location: ul biala 1, ostrow mazowiecka PolandReported Earnings • Jun 23Full year 2024 earnings released: zł2.54 loss per share (vs zł2.95 profit in FY 2023)Full year 2024 results: zł2.54 loss per share (down from zł2.95 profit in FY 2023). Revenue: zł1.03b (down 19% from FY 2023). Net loss: zł60.6m (down 186% from profit in FY 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% 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 Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).공고 • Apr 27+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q2, 2025 Results on Feb 27, 2025Fabryki Mebli FORTE S.A. announced that they will report Q2, 2025 results on Feb 27, 2025New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 38% 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 Risk Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).New Risk • Apr 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% 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 Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).Reported Earnings • Feb 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł282.0m (down 16% from 3Q 2023). Net income: zł808.0k (down 97% from 3Q 2023). Profit margin: 0.3% (down from 8.9% in 3Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Jan 13Full year 2023 earnings released: EPS: zł2.95 (vs zł6.37 in FY 2022)Full year 2023 results: EPS: zł2.95 (down from zł6.37 in FY 2022). Revenue: zł1.28b (down 7.6% from FY 2022). Net income: zł70.5m (down 54% from FY 2022). Profit margin: 5.5% (down from 11% in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €4.26, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.49 per share.Buying Opportunity • Sep 20Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €6.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to decline by 4.9% in 2 years. Earnings is forecast to decline by 66% in the next 2 years.New Risk • Aug 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.공고 • Aug 11Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 06, 2023Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 06, 2023.New Risk • Jul 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 German stocks, typically moving 6.7% 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 Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.98, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 1.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €5.94 per share.공고 • May 09+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q3, 2023 Results on Dec 12, 2023Fabryki Mebli FORTE S.A. announced that they will report Q3, 2023 results on Dec 12, 2023Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.52, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €10.23 per share.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: zł3.73 (vs zł4.63 in FY 2021)Full year 2022 results: EPS: zł3.73 (down from zł4.63 in FY 2021). Revenue: zł1.27b (down 4.0% from FY 2021). Net income: zł89.5m (down 19% from FY 2021). Profit margin: 7.0% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 6 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Nov 24Third quarter 2022 earnings released: zł0.72 loss per share (vs zł1.05 profit in 3Q 2021)Third quarter 2022 results: zł0.72 loss per share (down from zł1.05 profit in 3Q 2021). Revenue: zł250.6m (down 26% from 3Q 2021). Net loss: zł17.2m (down 168% from profit in 3Q 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 6 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Sep 07Second quarter 2022 earnings released: EPS: zł0.34 (vs zł1.47 in 2Q 2021)Second quarter 2022 results: EPS: zł0.34 (down from zł1.47 in 2Q 2021). Revenue: zł333.1m (up 7.5% from 2Q 2021). Net income: zł8.55m (down 76% from 2Q 2021). Profit margin: 2.6% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany.Upcoming Dividend • Sep 02Upcoming dividend of zł2.00 per shareEligible shareholders must have bought the stock before 09 September 2022. Payment date: 22 September 2022. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).공고 • Jun 13Fabryki Mebli FORTE S.A. to Report Q4, 2022 Results on Feb 28, 2023Fabryki Mebli FORTE S.A. announced that they will report Q4, 2022 results on Feb 28, 2023공고 • May 26Fabryki Mebli FORTE S.A., Annual General Meeting, Jun 22, 2022Fabryki Mebli FORTE S.A., Annual General Meeting, Jun 22, 2022, at 10:00 Central European Standard Time. Agenda: AGM.공고 • May 24Fabryki Mebli FORTE S.A. Proposes Dividend for 2021Fabryki Mebli FORTE S.A. wants to pay out PLN 2 dividend per share, or a total of PLN 47.9 million dividend, from the PLN 90.4 million profit generated in 2021.Reported Earnings • May 20First quarter 2022 earnings released: EPS: zł2.85 (vs zł1.12 in 1Q 2021)First quarter 2022 results: EPS: zł2.85 (up from zł1.12 in 1Q 2021). Revenue: zł355.6m (up 19% from 1Q 2021). Net income: zł68.4m (up 155% from 1Q 2021). Profit margin: 19% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.7% compared to a 7.6% growth forecast for the industry in Germany.공고 • May 10Forte Provides Revenue Guidance for the Year 2022Forte provided revenue guidance for the year 2022. Revenues in 2022 will increase due to price hikes the company is introducing. Volume-wise however the company would like to at least repeat last year.Reported Earnings • Apr 14Full year 2021 earnings released: EPS: zł4.63 (vs zł2.07 in FY 2020)Full year 2021 results: EPS: zł4.63 (up from zł2.07 in FY 2020). Revenue: zł1.33b (up 14% from FY 2020). Net income: zł110.8m (up 124% from FY 2020). Profit margin: 8.4% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany.공고 • Feb 02+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q3, 2022 Results on Nov 22, 2022Fabryki Mebli FORTE S.A. announced that they will report Q3, 2022 results on Nov 22, 2022Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.48, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €16.38 per share.Reported Earnings • Nov 28Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: zł1.05 (down from zł1.34 in 3Q 2020). Revenue: zł339.8m (down 2.1% from 3Q 2020). Net income: zł25.2m (down 21% from 3Q 2020). Profit margin: 7.4% (down from 9.2% in 3Q 2020). Revenue exceeded analyst estimates by 6.9%. Over the next year, revenue is forecast to stay flat compared to a 4.0% growth forecast for the industry in Germany.Reported Earnings • Sep 17Second quarter 2021 earnings released: EPS zł1.47 (vs zł0.11 loss in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł310.0k (down 100% from 2Q 2020). Net income: zł35.3k (up zł2.58m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses.Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to zł12.36, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €7.33 per share.Reported Earnings • May 24First quarter 2021 earnings released: EPS zł1.12 (vs zł0.18 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł298.6m (up 8.0% from 1Q 2020). Net income: zł26.8m (up zł31.2m from 1Q 2020). Profit margin: 9.0% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue.공고 • Apr 24Forte Furniture Provides Earnings Guidance for the First Quarter of 2021Forte furniture provided earnings guidance for the first quarter of 2021. For the period the company expected revenues are estimated at PLN 298 million, EBIT to be PLN 45 million.Reported Earnings • Apr 17Full year 2020 earnings released: EPS zł2.07 (vs zł1.47 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł1.16b (down 1.4% from FY 2019). Net income: zł49.6m (up 41% from FY 2019). Profit margin: 4.3% (up from 3.0% in FY 2019). The increase in margin was driven by lower expenses.이익 및 매출 성장 예측DB:1U7 - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/20291,4011613N/A13/31/20281,25832-98633/31/20271,204-6-138023/31/20261,2092288105N/A12/31/20251,18782101105N/A9/30/20251,17394121124N/A6/30/20251,12173118124N/A3/31/20251,10150116109N/A12/31/20241,045309094N/A9/30/20241,034129493N/A6/30/20241,018-73101113N/A3/31/20241,031-6166102N/A3/31/20231,279712127N/A12/31/20221,27490-2112N/A9/30/20221,318832358N/A6/30/20221,4071261152N/A3/31/20221,38415261101N/A12/31/20211,327111110146N/A9/30/20211,331131123157N/A6/30/20211,338137139163N/A3/31/20211,18281146170N/A12/31/20201,16050143165N/A9/30/20201,11542141153N/A6/30/20201,0327160173N/A3/31/20201,13428168182N/A12/31/20191,17745N/A198N/A9/30/20191,137133N/A157N/A6/30/20191,129151N/A131N/A3/31/20191,131151N/A91N/A12/31/20181,107146N/A77N/A9/30/20181,10243N/A98N/A6/30/20181,11339N/A67N/A3/31/20181,09851N/A77N/A12/31/20171,09677N/A73N/A9/30/20171,10979N/A115N/A6/30/20171,08796N/A118N/A3/31/20171,084104N/A155N/A12/31/20161,090105N/A191N/A9/30/20161,069106N/A105N/A6/30/20161,048101N/A126N/A3/31/201699993N/A96N/A12/31/201595484N/A78N/A9/30/201590180N/A79N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1U7 의 연간 예상 수익 증가율(13.1%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 1U7 의 연간 수익(13.1%)이 German 시장(15.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 1U7 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 1U7 의 수익(연간 3.8%)이 German 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 1U7 의 수익(연간 3.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1U7의 자본 수익률은 3년 후 2.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 03:02종가2026/07/23 00:00수익2026/03/31연간 수익2026/03/31데이터 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Fabryki Mebli FORTE S.A.는 11명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Beata Szparaga-WasniewskaBiuro maklerskie mBankuKamil KliszczBiuro maklerskie mBankuJakub SargsyanBiuro maklerskie mBanku8명의 분석가 더 보기
공고 • May 10Forte Provides Revenue Guidance for the Year 2022Forte provided revenue guidance for the year 2022. Revenues in 2022 will increase due to price hikes the company is introducing. Volume-wise however the company would like to at least repeat last year.
공고 • Apr 24Forte Furniture Provides Earnings Guidance for the First Quarter of 2021Forte furniture provided earnings guidance for the first quarter of 2021. For the period the company expected revenues are estimated at PLN 298 million, EBIT to be PLN 45 million.
New Risk • Jul 19New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
공고 • Aug 20Fabryki Mebli FORTE S.A. to Report Q1, 2026 Results on Aug 21, 2025Fabryki Mebli FORTE S.A. announced that they will report Q1, 2026 results on Aug 21, 2025
공고 • Aug 08Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 17, 2025Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 17, 2025, at 10:00 Central European Standard Time.
공고 • Oct 02Indian Furniture Products Limited acquired 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) for INR 0.04 million.Indian Furniture Products Limited acquired 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) for INR 0.04 million on October 1, 2024. A cash consideration of INR 0.04 million will be paid by Indian Furniture Products Limited. As part of consideration, INR 0.04 million is paid towards common equity of Forte Furniture Products India Private Limited. With the acquisition, the IFPL along with the Company holds entire Equity Share Capital of FFPIPL. For the period ending March 31, 2024, Forte Furniture Products India Private Limited reported total revenue of INR 389.21 million. Indian Furniture Products Limited completed the acquisition of 50% stake in Forte Furniture Products India Private Limited from Fabryki Mebli FORTE S.A. (WSE:FTE) on October 1, 2024
Reported Earnings • Aug 23First quarter 2025 earnings released: zł0.48 loss per share (vs zł1.47 loss in 1Q 2024)First quarter 2025 results: zł0.48 loss per share (improved from zł1.47 loss in 1Q 2024). Revenue: zł250.8m (up 5.5% from 1Q 2024). Net loss: zł11.4m (loss narrowed 68% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance.
공고 • Aug 05Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 03, 2024Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 03, 2024, at 10:00 Central European Standard Time. Location: ul biala 1, ostrow mazowiecka Poland
Reported Earnings • Jun 23Full year 2024 earnings released: zł2.54 loss per share (vs zł2.95 profit in FY 2023)Full year 2024 results: zł2.54 loss per share (down from zł2.95 profit in FY 2023). Revenue: zł1.03b (down 19% from FY 2023). Net loss: zł60.6m (down 186% from profit in FY 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
New Risk • May 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% 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 Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).
공고 • Apr 27+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q2, 2025 Results on Feb 27, 2025Fabryki Mebli FORTE S.A. announced that they will report Q2, 2025 results on Feb 27, 2025
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 38% 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 Risk Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).
New Risk • Apr 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% 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 Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin).
Reported Earnings • Feb 29Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: zł282.0m (down 16% from 3Q 2023). Net income: zł808.0k (down 97% from 3Q 2023). Profit margin: 0.3% (down from 8.9% in 3Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Jan 13Full year 2023 earnings released: EPS: zł2.95 (vs zł6.37 in FY 2022)Full year 2023 results: EPS: zł2.95 (down from zł6.37 in FY 2022). Revenue: zł1.28b (down 7.6% from FY 2022). Net income: zł70.5m (down 54% from FY 2022). Profit margin: 5.5% (down from 11% in FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €4.26, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.49 per share.
Buying Opportunity • Sep 20Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €6.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 40%. Revenue is forecast to decline by 4.9% in 2 years. Earnings is forecast to decline by 66% in the next 2 years.
New Risk • Aug 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
공고 • Aug 11Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 06, 2023Fabryki Mebli FORTE S.A., Annual General Meeting, Sep 06, 2023.
New Risk • Jul 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 German stocks, typically moving 6.7% 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 Debt is not well covered by operating cash flow (3.0% operating cash flow to total debt). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.98, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 1.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €5.94 per share.
공고 • May 09+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q3, 2023 Results on Dec 12, 2023Fabryki Mebli FORTE S.A. announced that they will report Q3, 2023 results on Dec 12, 2023
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.52, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €10.23 per share.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: zł3.73 (vs zł4.63 in FY 2021)Full year 2022 results: EPS: zł3.73 (down from zł4.63 in FY 2021). Revenue: zł1.27b (down 4.0% from FY 2021). Net income: zł89.5m (down 19% from FY 2021). Profit margin: 7.0% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 6 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Nov 24Third quarter 2022 earnings released: zł0.72 loss per share (vs zł1.05 profit in 3Q 2021)Third quarter 2022 results: zł0.72 loss per share (down from zł1.05 profit in 3Q 2021). Revenue: zł250.6m (down 26% from 3Q 2021). Net loss: zł17.2m (down 168% from profit in 3Q 2021). Revenue is forecast to grow 5.9% p.a. on average during the next 6 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Sep 07Second quarter 2022 earnings released: EPS: zł0.34 (vs zł1.47 in 2Q 2021)Second quarter 2022 results: EPS: zł0.34 (down from zł1.47 in 2Q 2021). Revenue: zł333.1m (up 7.5% from 2Q 2021). Net income: zł8.55m (down 76% from 2Q 2021). Profit margin: 2.6% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany.
Upcoming Dividend • Sep 02Upcoming dividend of zł2.00 per shareEligible shareholders must have bought the stock before 09 September 2022. Payment date: 22 September 2022. Trailing yield: 14%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%).
공고 • Jun 13Fabryki Mebli FORTE S.A. to Report Q4, 2022 Results on Feb 28, 2023Fabryki Mebli FORTE S.A. announced that they will report Q4, 2022 results on Feb 28, 2023
공고 • May 26Fabryki Mebli FORTE S.A., Annual General Meeting, Jun 22, 2022Fabryki Mebli FORTE S.A., Annual General Meeting, Jun 22, 2022, at 10:00 Central European Standard Time. Agenda: AGM.
공고 • May 24Fabryki Mebli FORTE S.A. Proposes Dividend for 2021Fabryki Mebli FORTE S.A. wants to pay out PLN 2 dividend per share, or a total of PLN 47.9 million dividend, from the PLN 90.4 million profit generated in 2021.
Reported Earnings • May 20First quarter 2022 earnings released: EPS: zł2.85 (vs zł1.12 in 1Q 2021)First quarter 2022 results: EPS: zł2.85 (up from zł1.12 in 1Q 2021). Revenue: zł355.6m (up 19% from 1Q 2021). Net income: zł68.4m (up 155% from 1Q 2021). Profit margin: 19% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.7% compared to a 7.6% growth forecast for the industry in Germany.
공고 • May 10Forte Provides Revenue Guidance for the Year 2022Forte provided revenue guidance for the year 2022. Revenues in 2022 will increase due to price hikes the company is introducing. Volume-wise however the company would like to at least repeat last year.
Reported Earnings • Apr 14Full year 2021 earnings released: EPS: zł4.63 (vs zł2.07 in FY 2020)Full year 2021 results: EPS: zł4.63 (up from zł2.07 in FY 2020). Revenue: zł1.33b (up 14% from FY 2020). Net income: zł110.8m (up 124% from FY 2020). Profit margin: 8.4% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany.
공고 • Feb 02+ 3 more updatesFabryki Mebli FORTE S.A. to Report Q3, 2022 Results on Nov 22, 2022Fabryki Mebli FORTE S.A. announced that they will report Q3, 2022 results on Nov 22, 2022
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €8.48, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €16.38 per share.
Reported Earnings • Nov 28Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2021 results: EPS: zł1.05 (down from zł1.34 in 3Q 2020). Revenue: zł339.8m (down 2.1% from 3Q 2020). Net income: zł25.2m (down 21% from 3Q 2020). Profit margin: 7.4% (down from 9.2% in 3Q 2020). Revenue exceeded analyst estimates by 6.9%. Over the next year, revenue is forecast to stay flat compared to a 4.0% growth forecast for the industry in Germany.
Reported Earnings • Sep 17Second quarter 2021 earnings released: EPS zł1.47 (vs zł0.11 loss in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł310.0k (down 100% from 2Q 2020). Net income: zł35.3k (up zł2.58m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses.
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 18% share price gain to zł12.36, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €7.33 per share.
Reported Earnings • May 24First quarter 2021 earnings released: EPS zł1.12 (vs zł0.18 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł298.6m (up 8.0% from 1Q 2020). Net income: zł26.8m (up zł31.2m from 1Q 2020). Profit margin: 9.0% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue.
공고 • Apr 24Forte Furniture Provides Earnings Guidance for the First Quarter of 2021Forte furniture provided earnings guidance for the first quarter of 2021. For the period the company expected revenues are estimated at PLN 298 million, EBIT to be PLN 45 million.
Reported Earnings • Apr 17Full year 2020 earnings released: EPS zł2.07 (vs zł1.47 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł1.16b (down 1.4% from FY 2019). Net income: zł49.6m (up 41% from FY 2019). Profit margin: 4.3% (up from 3.0% in FY 2019). The increase in margin was driven by lower expenses.