View Financial HealthAtal 배당 및 자사주 매입배당 기준 점검 3/6Atal 은(는) 현재 수익률이 8.59% 인 배당금 지급 회사입니다.핵심 정보8.6%배당 수익률-0.008%자사주 매입 수익률총 주주 수익률8.6%미래 배당 수익률10.7%배당 성장률12.7%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향138%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 19Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%).Declared Dividend • May 27Dividend of zł6.00 announcedShareholders will receive a dividend of zł6.00. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 40%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Jun 14Upcoming dividend of zł5.00 per share at 12% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 03 July 2023. Trailing yield: 12%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%).공시 • Jun 15Atal Announces Dividend, Payable on July 4, 2022Atal will pay out PLN 6 dividend per share or a total of PLN 232.3 million, in line with management recommendation, Rights will be set on June 23 and the payment made on July 4, 2022.Upcoming Dividend • Jun 15Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 04 July 2022. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.2%).공시 • Apr 21Atal to Offer Dividend PaymentAtal plans to offer shareholders a dividend payment of PLN 6 per share.모든 업데이트 보기Recent updates공시 • Nov 11Atal S.A. to Report Q3, 2025 Results on Nov 13, 2025Atal S.A. announced that they will report Q3, 2025 results on Nov 13, 2025공시 • Aug 21Atal S.A. to Report First Half, 2025 Results on Sep 04, 2025Atal S.A. announced that they will report first half, 2025 results on Sep 04, 2025공시 • May 23Atal S.A., Annual General Meeting, Jun 17, 2025Atal S.A., Annual General Meeting, Jun 17, 2025.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł2.32 (vs zł1.24 in 3Q 2023)Third quarter 2024 results: EPS: zł2.32 (up from zł1.24 in 3Q 2023). Revenue: zł514.2m (up 59% from 3Q 2023). Net income: zł100.5m (up 96% from 3Q 2023). Profit margin: 20% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Sep 06Second quarter 2024 earnings released: EPS: zł1.34 (vs zł2.34 in 2Q 2023)Second quarter 2024 results: EPS: zł1.34 (down from zł2.34 in 2Q 2023). Revenue: zł311.0m (down 11% from 2Q 2023). Net income: zł57.7m (down 36% from 2Q 2023). Profit margin: 19% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year.Buy Or Sell Opportunity • Jul 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €11.28. The fair value is estimated to be €14.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.3%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to decline by 11% in the next 2 years.New Risk • Jul 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% 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 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (140% cash payout ratio). Shareholders have been diluted in the past year (12% increase in shares outstanding).Upcoming Dividend • Jun 19Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%).Declared Dividend • May 27Dividend of zł6.00 announcedShareholders will receive a dividend of zł6.00. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 40%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 25Atal S.A., Annual General Meeting, Jun 20, 2024Atal S.A., Annual General Meeting, Jun 20, 2024.Reported Earnings • May 19First quarter 2024 earnings released: EPS: zł2.23 (vs zł1.40 in 1Q 2023)First quarter 2024 results: EPS: zł2.23 (up from zł1.40 in 1Q 2023). Revenue: zł390.3m (up 106% from 1Q 2023). Net income: zł96.5m (up 78% from 1Q 2023). Profit margin: 25% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.공시 • May 18Atal Real Estate Launches 166 Flats for Sale in WarsawAtal S.A. has started selling 166 flats in Warsaw in the third stage of its Osiedle Poematu project.공시 • Jan 31+ 3 more updatesAtal S.A. to Report Q3, 2024 Results on Nov 14, 2024Atal S.A. announced that they will report Q3, 2024 results on Nov 14, 2024공시 • Dec 30Atal Launches Sales of 126 Apartments in KrakowAtal has launched the sales of 126 apartments in Przewoz 42 investment in Krakow. The flats on offer range from one to five bedrooms and in size from 27 to 128 square metres.Reported Earnings • Nov 22Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł323.3m (down 14% from 3Q 2022). Net income: zł51.3m (down 24% from 3Q 2022). Profit margin: 16% (down from 18% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany.공시 • Nov 18Atal S.A. Provides Sales Guidance for 2023Atal S.A. Provided sales guidance for 2023. For the period, company sees its sales forecast of 2.700-2.800 apartments in the entire 2023 as realistic, and the developer may spend around PLN 200 million (EUR 45.6 million) on land purchases this year.Reported Earnings • Sep 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł348.3m (down 26% from 2Q 2022). Net income: zł90.6m (up 19% from 2Q 2022). Profit margin: 26% (up from 16% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany.New Risk • Jul 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% 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 4.0% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €11.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 114% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.12 per share.Buying Opportunity • Jun 22Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be €13.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is forecast to decline by 5.7% per annum over the same time period.Upcoming Dividend • Jun 14Upcoming dividend of zł5.00 per share at 12% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 03 July 2023. Trailing yield: 12%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%).공시 • May 20+ 1 more updateAtal S.A., Annual General Meeting, Jun 14, 2023Atal S.A., Annual General Meeting, Jun 14, 2023, at 11:00 Central European Standard Time. Agenda: To decide on issuing up to 5 million new shares within authorized capital.Reported Earnings • May 18First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł189.5m (down 53% from 1Q 2022). Net income: zł54.1m (down 50% from 1Q 2022). Profit margin: 29% (up from 27% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.공시 • Jan 26+ 3 more updatesAtal S.A. to Report Q1, 2023 Results on May 18, 2023Atal S.A. announced that they will report Q1, 2023 results on May 18, 2023Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł378.0m (flat on 3Q 2021). Net income: zł67.1m (down 8.6% from 3Q 2021). Profit margin: 18% (down from 19% in 3Q 2021). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.9%.공시 • Jul 26Atal Provides Sales Guidance for the Second Half of 2022Atal provided sales guidance for the second half of 2022. For the second half, the company expected apartment sales to roughly match the 1,340 apartments sold in first half of 2022.Valuation Update With 7 Day Price Move • Jun 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €7.18, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €12.86 per share.공시 • Jun 15Atal Announces Dividend, Payable on July 4, 2022Atal will pay out PLN 6 dividend per share or a total of PLN 232.3 million, in line with management recommendation, Rights will be set on June 23 and the payment made on July 4, 2022.Upcoming Dividend • Jun 15Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 04 July 2022. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.2%).Reported Earnings • May 23First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł406.4m (up 41% from 1Q 2021). Net income: zł109.0m (up 125% from 1Q 2021). Profit margin: 27% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 18% compared to a 7.5% growth forecast for the industry in Germany.공시 • May 20Atal S.A., Annual General Meeting, Jun 14, 2022Atal S.A., Annual General Meeting, Jun 14, 2022, at 11:00 Central European Standard Time.공시 • Apr 21Atal to Offer Dividend PaymentAtal plans to offer shareholders a dividend payment of PLN 6 per share.공시 • Dec 19Atal Introduces 199 Apartments in Wroclaw-Based ProjectAtal introduced 199 apartments in a Wroclaw-based project to its offer.Reported Earnings • Nov 20Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł378.8m (up 76% from 3Q 2020). Net income: zł73.5m (up 135% from 3Q 2020). Profit margin: 19% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Sep 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł364.3m (up 35% from 2Q 2020). Net income: zł67.7m (up 136% from 2Q 2020). Profit margin: 19% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • May 23First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł287.4m (up 55% from 1Q 2020). Net income: zł48.5m (up 117% from 1Q 2020). Profit margin: 17% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 1UY 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 1UY 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Atal 배당 수익률 vs 시장1UY의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (1UY)8.6%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Consumer Durables)5.6%분석가 예측 (1UY) (최대 3년)10.7%주목할만한 배당금: 1UY 의 배당금( 8.59% )은 German 시장에서 배당금 지급자의 하위 25%( 1.51% )보다 높습니다.고배당: 1UY 의 배당금( 8.59% )은 German 시장( 4.55% )주주 대상 이익 배당수익 보장: 지급 비율 ( 138.1% )이 높기 때문에 1UY 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 1UY 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 05:20종가2026/05/22 00:00수익2025/09/30연간 수익2024/12/31데이터 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 소스Atal S.A.는 11명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kamil KliszczBiuro maklerskie mBankuMikolaj LemanczykBiuro maklerskie mBankuBeata Szparaga-WasniewskaBiuro maklerskie mBanku8명의 분석가 더 보기
Upcoming Dividend • Jun 19Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%).
Declared Dividend • May 27Dividend of zł6.00 announcedShareholders will receive a dividend of zł6.00. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 40%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Jun 14Upcoming dividend of zł5.00 per share at 12% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 03 July 2023. Trailing yield: 12%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%).
공시 • Jun 15Atal Announces Dividend, Payable on July 4, 2022Atal will pay out PLN 6 dividend per share or a total of PLN 232.3 million, in line with management recommendation, Rights will be set on June 23 and the payment made on July 4, 2022.
Upcoming Dividend • Jun 15Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 04 July 2022. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.2%).
공시 • Apr 21Atal to Offer Dividend PaymentAtal plans to offer shareholders a dividend payment of PLN 6 per share.
공시 • Nov 11Atal S.A. to Report Q3, 2025 Results on Nov 13, 2025Atal S.A. announced that they will report Q3, 2025 results on Nov 13, 2025
공시 • Aug 21Atal S.A. to Report First Half, 2025 Results on Sep 04, 2025Atal S.A. announced that they will report first half, 2025 results on Sep 04, 2025
공시 • May 23Atal S.A., Annual General Meeting, Jun 17, 2025Atal S.A., Annual General Meeting, Jun 17, 2025.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł2.32 (vs zł1.24 in 3Q 2023)Third quarter 2024 results: EPS: zł2.32 (up from zł1.24 in 3Q 2023). Revenue: zł514.2m (up 59% from 3Q 2023). Net income: zł100.5m (up 96% from 3Q 2023). Profit margin: 20% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Sep 06Second quarter 2024 earnings released: EPS: zł1.34 (vs zł2.34 in 2Q 2023)Second quarter 2024 results: EPS: zł1.34 (down from zł2.34 in 2Q 2023). Revenue: zł311.0m (down 11% from 2Q 2023). Net income: zł57.7m (down 36% from 2Q 2023). Profit margin: 19% (down from 26% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year.
Buy Or Sell Opportunity • Jul 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to €11.28. The fair value is estimated to be €14.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.3%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to decline by 11% in the next 2 years.
New Risk • Jul 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% 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 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (140% cash payout ratio). Shareholders have been diluted in the past year (12% increase in shares outstanding).
Upcoming Dividend • Jun 19Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%).
Declared Dividend • May 27Dividend of zł6.00 announcedShareholders will receive a dividend of zł6.00. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 40%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 25Atal S.A., Annual General Meeting, Jun 20, 2024Atal S.A., Annual General Meeting, Jun 20, 2024.
Reported Earnings • May 19First quarter 2024 earnings released: EPS: zł2.23 (vs zł1.40 in 1Q 2023)First quarter 2024 results: EPS: zł2.23 (up from zł1.40 in 1Q 2023). Revenue: zł390.3m (up 106% from 1Q 2023). Net income: zł96.5m (up 78% from 1Q 2023). Profit margin: 25% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
공시 • May 18Atal Real Estate Launches 166 Flats for Sale in WarsawAtal S.A. has started selling 166 flats in Warsaw in the third stage of its Osiedle Poematu project.
공시 • Jan 31+ 3 more updatesAtal S.A. to Report Q3, 2024 Results on Nov 14, 2024Atal S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
공시 • Dec 30Atal Launches Sales of 126 Apartments in KrakowAtal has launched the sales of 126 apartments in Przewoz 42 investment in Krakow. The flats on offer range from one to five bedrooms and in size from 27 to 128 square metres.
Reported Earnings • Nov 22Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł323.3m (down 14% from 3Q 2022). Net income: zł51.3m (down 24% from 3Q 2022). Profit margin: 16% (down from 18% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany.
공시 • Nov 18Atal S.A. Provides Sales Guidance for 2023Atal S.A. Provided sales guidance for 2023. For the period, company sees its sales forecast of 2.700-2.800 apartments in the entire 2023 as realistic, and the developer may spend around PLN 200 million (EUR 45.6 million) on land purchases this year.
Reported Earnings • Sep 12Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł348.3m (down 26% from 2Q 2022). Net income: zł90.6m (up 19% from 2Q 2022). Profit margin: 26% (up from 16% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany.
New Risk • Jul 07New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 27% 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 4.0% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €11.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 114% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €13.12 per share.
Buying Opportunity • Jun 22Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be €13.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is forecast to decline by 5.7% per annum over the same time period.
Upcoming Dividend • Jun 14Upcoming dividend of zł5.00 per share at 12% yieldEligible shareholders must have bought the stock before 21 June 2023. Payment date: 03 July 2023. Trailing yield: 12%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%).
공시 • May 20+ 1 more updateAtal S.A., Annual General Meeting, Jun 14, 2023Atal S.A., Annual General Meeting, Jun 14, 2023, at 11:00 Central European Standard Time. Agenda: To decide on issuing up to 5 million new shares within authorized capital.
Reported Earnings • May 18First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł189.5m (down 53% from 1Q 2022). Net income: zł54.1m (down 50% from 1Q 2022). Profit margin: 29% (up from 27% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany.
공시 • Jan 26+ 3 more updatesAtal S.A. to Report Q1, 2023 Results on May 18, 2023Atal S.A. announced that they will report Q1, 2023 results on May 18, 2023
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł378.0m (flat on 3Q 2021). Net income: zł67.1m (down 8.6% from 3Q 2021). Profit margin: 18% (down from 19% in 3Q 2021). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.9%.
공시 • Jul 26Atal Provides Sales Guidance for the Second Half of 2022Atal provided sales guidance for the second half of 2022. For the second half, the company expected apartment sales to roughly match the 1,340 apartments sold in first half of 2022.
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €7.18, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total loss to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €12.86 per share.
공시 • Jun 15Atal Announces Dividend, Payable on July 4, 2022Atal will pay out PLN 6 dividend per share or a total of PLN 232.3 million, in line with management recommendation, Rights will be set on June 23 and the payment made on July 4, 2022.
Upcoming Dividend • Jun 15Upcoming dividend of zł6.00 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 04 July 2022. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.2%).
Reported Earnings • May 23First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł406.4m (up 41% from 1Q 2021). Net income: zł109.0m (up 125% from 1Q 2021). Profit margin: 27% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 18% compared to a 7.5% growth forecast for the industry in Germany.
공시 • May 20Atal S.A., Annual General Meeting, Jun 14, 2022Atal S.A., Annual General Meeting, Jun 14, 2022, at 11:00 Central European Standard Time.
공시 • Apr 21Atal to Offer Dividend PaymentAtal plans to offer shareholders a dividend payment of PLN 6 per share.
공시 • Dec 19Atal Introduces 199 Apartments in Wroclaw-Based ProjectAtal introduced 199 apartments in a Wroclaw-based project to its offer.
Reported Earnings • Nov 20Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł378.8m (up 76% from 3Q 2020). Net income: zł73.5m (up 135% from 3Q 2020). Profit margin: 19% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Sep 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł364.3m (up 35% from 2Q 2020). Net income: zł67.7m (up 136% from 2Q 2020). Profit margin: 19% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • May 23First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł287.4m (up 55% from 1Q 2020). Net income: zł48.5m (up 117% from 1Q 2020). Profit margin: 17% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue.