View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsComarch 향후 성장Future 기준 점검 3/6Comarch (는) 각각 연간 28.5% 및 5.6% 수익과 수익이 증가할 것으로 예상됩니다.핵심 정보28.5%이익 성장률n/aEPS 성장률IT 이익 성장12.8%매출 성장률5.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트14 Oct 2024최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Jan 20+ 4 more updatesComarch S.A. to Report Q4, 2024 Results on Feb 28, 2025Comarch S.A. announced that they will report Q4, 2024 results on Feb 28, 2025공지 • Oct 25Comarch S.A.(WSE:CMR) dropped from S&P Global BMI IndexComarch S.A.(WSE:CMR) dropped from S&P Global BMI Index공지 • Aug 15Comarch on A Path to Get DelistedThe Filipiak family, together with CVC Capital Partners Fund IX and Anna Prokop have launched a tender offer for 5,266,072 shares of Comarch S.A., a provider of innovative IT products for multiple industries, carrying rights to 34.81% of votes, at PLN 315.40 per share. The acquirer of the shares will be Chamonix Investments Poland controlled by CVC Capital Partners Fund IX, with subscriptions commencing on 13 August 2024 and ending on 21 October 2024. The tender offer is intended to acquire all outstanding ordinary shares in the company with a view to delisting Comarch from the Warsaw Stock Exchange (GPW).공지 • Jul 17Aspa sp. z o.o. and Chamonix Investments S.à r.l signed a transaction agreement to acquire an 64.74% stake in Comarch S.A. (WSE:CMR) from group of shareholders for PLN 1.67 billion.Aspa sp. z o.o. and Chamonix Investments S.à r.l signed a transaction agreement to acquire an 64.74% stake in Comarch S.A. (WSE:CMR) from group of shareholders for PLN 1.67 billion on July 16, 2024. Comarch's group of shareholders and CVC Capital Partners intend to launch a tender offer for 5,266,072 Comarch shares at PLN 315.4. The bidders, acting in an agreement, hold a total of 2,867,277 shares in the company entitling them to exercise a total of 9,860,877 votes, representing a total of 35.25% of the share capital and 65.19% of the total number of votes in the company. The purpose of the transaction is for the bidders to achieve 100% of the total voting rights in the company in order to delist its shares from the regulated market and enable its further development as a private company. Elzbieta Filipiak, head of the supervisory board, assessed that the CVC Capital Partners fund is the right partner who is ready to support the company's further international development. The Transaction Agreement also regulates certain actions of its parties in relation to extraordinary events or circumstances concerning the Company which, if they occurred, could undermine the economic rationale of the Transaction.공지 • May 31Comarch S.A., Annual General Meeting, Jun 26, 2024Comarch S.A., Annual General Meeting, Jun 26, 2024.Declared Dividend • May 31Dividend of zł5.00 announcedShareholders will receive a dividend of zł5.00. Ex-date: 2nd July 2024 Payment date: 12th July 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.공지 • May 30Comarch IT to Pay Dividend on July 12, 2024Comarch's supervisory board has given a positive opinion on the management board's proposal to earmark PLN 40.67 million (EUR 9.6 million) from the profit generated in 2023 for dividends, which translates into PLN 5 (EUR 1.18) per share. The proposed dividend date is July 3, and the dividend is to be paid on July 12, 2024.Reported Earnings • May 27First quarter 2024 earnings released: EPS: zł2.70 (vs zł2.84 in 1Q 2023)First quarter 2024 results: EPS: zł2.70 (down from zł2.84 in 1Q 2023). Revenue: zł434.7m (up 1.7% from 1Q 2023). Net income: zł22.0m (down 4.7% from 1Q 2023). Profit margin: 5.1% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Mar 03Full year 2023 earnings released: EPS: zł12.88 (vs zł13.26 in FY 2022)Full year 2023 results: EPS: zł12.88 (down from zł13.26 in FY 2022). Revenue: zł1.82b (down 2.3% from FY 2022). Net income: zł104.8m (down 2.8% from FY 2022). Profit margin: 5.8% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.공지 • Jan 12Comarch S.A. to Report Q4, 2023 Results on Feb 09, 2024Comarch S.A. announced that they will report Q4, 2023 results on Feb 09, 2024공지 • Jan 10+ 4 more updatesComarch S.A. to Report Q3, 2024 Results on Nov 22, 2024Comarch S.A. announced that they will report Q3, 2024 results on Nov 22, 2024공지 • Jan 06Comarch Announces Management ChangesComarch announced that the extraordinary general meeting has appointed Anna Pruska to the position of President of the Management Board, with Marcin Warwas and Marcin Kaleta appointed as Vice-Presidents. The changes in the composition of Comarch's Management Board took place following the death of former CEO Janusz Filipiak, who was Pruska's father. Pruska has been involved with Comarch since 2004. In 2013 she joined the company's Supervisory Board while in October 2023 she was entrusted by the Board to act as CEO. By education, Pruska is an economist and she holds a PhD in international relations.공지 • Jan 04Comarch Announces Board AppointmentsComarch appointed Anna Pruska as chairwoman of the board. Marcin Warwas and Marcin Kaleta have been appointed as deputy chairman of the board. Ms. Anna Pruska, Mr. Marcin Warwas and Mr. Marcin Kaleta have been appointed to serve as members of Comarch's management board until the end of the current term of the board.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €48.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Germany. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €36.44 per share.Reported Earnings • Nov 21Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł453.4m (down 3.8% from 3Q 2022). Net income: zł32.4m (up 16% from 3Q 2022). Profit margin: 7.2% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% 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 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Buying Opportunity • Sep 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.4%. The fair value is estimated to be €38.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 3.7%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 46% in the next 2 years.Reported Earnings • Sep 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł289.9m (down 32% from 2Q 2022). Net income: zł11.4m (down 7.9% from 2Q 2022). Profit margin: 3.9% (up from 2.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany.Upcoming Dividend • Jun 30Upcoming dividend of zł4.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).공지 • Jun 29Comarch Approves Dividend for 2022Comarch shareholders approved a PLN 32.5 million dividend payout from 2022 profit or PLN 4.0 DPS.공지 • May 30Comarch S.A., Annual General Meeting, Jun 28, 2023Comarch S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time. Location: at 33 prof. Michal Zyczkowski Street Krakow Poland Agenda: To consider opening of the General Meeting; to consider election of the Chairman of the Meeting; to consider election of the Returns Committee; to consider adoption of the agenda of the Meeting; to consider presentation of the Chairman of the Supervisory Board of the Company; to consider speech of the President of the company’s Management Board; to consider reports of the Company's authorities and the financial statements of the Company and the consolidated financial statements of the Comarch Capital Group for the financial year 01.01.2022 – 31.12.2022; and to consider any other matters.Reported Earnings • May 24First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł427.6m (up 2.7% from 1Q 2022). Net income: zł23.1m (down 29% from 1Q 2022). Profit margin: 5.4% (down from 7.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: zł13.42 (vs zł14.82 in FY 2021)Full year 2022 results: EPS: zł13.42 (down from zł14.82 in FY 2021). Revenue: zł1.86b (up 14% from FY 2021). Net income: zł109.1m (down 9.5% from FY 2021). Profit margin: 5.9% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Germany.공지 • Jan 03+ 5 more updatesComarch S.A. to Report Fiscal Year 2022 Final Results on Apr 28, 2023Comarch S.A. announced that they will report fiscal year 2022 final results at 11:30 AM, Central European Standard Time on Apr 28, 2023Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to €37.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €45.54 per share.Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł471.1m (up 22% from 3Q 2021). Net income: zł27.9m (down 7.9% from 3Q 2021). Profit margin: 5.9% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany.Reported Earnings • Sep 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł426.3m (up 26% from 2Q 2021). Net income: zł12.4m (down 57% from 2Q 2021). Profit margin: 2.9% (down from 8.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 13% growth forecast for the IT industry in Germany.Upcoming Dividend • Jul 01Upcoming dividend of zł4.00 per shareEligible shareholders must have bought the stock before 08 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.6%).공지 • Jun 02Comarch S.A., Annual General Meeting, Jun 28, 2022Comarch S.A., Annual General Meeting, Jun 28, 2022.Reported Earnings • May 22First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł416.3m (up 8.4% from 1Q 2021). Net income: zł32.4m (up 24% from 1Q 2021). Profit margin: 7.8% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.2%, compared to a 23% growth forecast for the industry in Germany.Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: zł14.82 (up from zł14.60 in FY 2020). Revenue: zł1.62b (up 5.7% from FY 2020). Net income: zł120.5m (up 1.5% from FY 2020). Profit margin: 7.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 1.4%, compared to a 16% growth forecast for the industry in Germany.Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: zł385.9m (up 9.1% from 3Q 2020). Net income: zł30.3m (down 6.6% from 3Q 2020). Profit margin: 7.9% (down from 9.2% in 3Q 2020). The decrease in margin was driven by higher expenses.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: zł337.4m (up 1.9% from 2Q 2020). Net income: zł28.5m (up 40% from 2Q 2020). Profit margin: 8.4% (up from 6.1% in 2Q 2020).Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł60.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the IT industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €53.26 per share.Reported Earnings • May 24First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł384.0m (up 1.6% from 1Q 2020). Net income: zł26.1m (up 84% from 1Q 2020). Profit margin: 6.8% (up from 3.8% in 1Q 2020). The increase in margin was primarily driven by higher revenue.공지 • May 19Comarch S.A. Proposes Dividend for the Year 2020, Payable on July 16, 2021Comarch S.A. announced that it is seeking shareholders' nod for PLN 3.0 dividend per share from part of the 2020 earnings, or PLN 24.4 million in total, the company said in draft resolutions for upcoming GM as reported in a market filing. Right would be set on July 6, 2021, and the payout made on July 16, 2021, the company proposes. Last year, the company paid out PLN 1.5 dividend per share.이익 및 매출 성장 예측DB:75Y - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20262,109158N/AN/A112/31/20252,009150N/AN/A112/31/20241,914121N/AN/A19/30/20241,8476482128N/A6/30/20241,87274125171N/A3/31/20241,823100125170N/A12/31/20231,816101154212N/A9/30/20231,821117117189N/A6/30/20231,83911358163N/A3/31/20231,8709856192N/A12/31/20221,85910811164N/A9/30/20221,834111-1151N/A6/30/20221,74811343177N/A3/31/20221,660129102196N/A12/31/20211,627123129197N/A9/30/20211,582139165245N/A6/30/20211,549141211290N/A3/31/20211,543133245333N/A12/31/20201,537121222308N/A9/30/20201,479102226285N/A6/30/20201,480112167224N/A3/31/20201,477112106152N/A12/31/20191,437105126169N/A9/30/20191,44178149196N/A6/30/20191,43253162215N/A3/31/20191,43644141207N/A1/1/20191,3703153139N/A9/30/20181,30360-4552N/A6/30/20181,22242N/A16N/A3/31/20181,14140N/A12N/A12/31/20171,12565N/A63N/A9/30/20171,14479N/A94N/A6/30/20171,10487N/A118N/A3/31/20171,12584N/A143N/A12/31/20161,11373N/A94N/A9/30/20161,14365N/A129N/A6/30/20161,14357N/A124N/A3/31/20161,12868N/A138N/A12/31/20151,13280N/A117N/A9/30/20151,09369N/A148N/A6/30/20151,11490N/A115N/A3/31/20151,07681N/A123N/A12/31/20141,03868N/A157N/A9/30/201498857N/A86N/A6/30/201497736N/A139N/A3/31/201496029N/A116N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 75Y 의 연간 예상 수익 증가율(28.5%)이 saving rate(1%)보다 높습니다.수익 vs 시장: 75Y 의 연간 수익(28.5%)이 German 시장(16.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 75Y 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 75Y 의 수익(연간 5.6%)이 German 시장(연간 6.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 75Y 의 수익(연간 5.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 75Y의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/01/23 19:23종가2025/01/15 00:00수익2024/09/30연간 수익2023/12/31데이터 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 소스Comarch S.A.는 7명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kamil KliszczBiuro maklerskie mBankuWitold SamborskiCitigroup IncHenning EsskuchenErste Group Bank AG4명의 분석가 더 보기
공지 • Jan 20+ 4 more updatesComarch S.A. to Report Q4, 2024 Results on Feb 28, 2025Comarch S.A. announced that they will report Q4, 2024 results on Feb 28, 2025
공지 • Oct 25Comarch S.A.(WSE:CMR) dropped from S&P Global BMI IndexComarch S.A.(WSE:CMR) dropped from S&P Global BMI Index
공지 • Aug 15Comarch on A Path to Get DelistedThe Filipiak family, together with CVC Capital Partners Fund IX and Anna Prokop have launched a tender offer for 5,266,072 shares of Comarch S.A., a provider of innovative IT products for multiple industries, carrying rights to 34.81% of votes, at PLN 315.40 per share. The acquirer of the shares will be Chamonix Investments Poland controlled by CVC Capital Partners Fund IX, with subscriptions commencing on 13 August 2024 and ending on 21 October 2024. The tender offer is intended to acquire all outstanding ordinary shares in the company with a view to delisting Comarch from the Warsaw Stock Exchange (GPW).
공지 • Jul 17Aspa sp. z o.o. and Chamonix Investments S.à r.l signed a transaction agreement to acquire an 64.74% stake in Comarch S.A. (WSE:CMR) from group of shareholders for PLN 1.67 billion.Aspa sp. z o.o. and Chamonix Investments S.à r.l signed a transaction agreement to acquire an 64.74% stake in Comarch S.A. (WSE:CMR) from group of shareholders for PLN 1.67 billion on July 16, 2024. Comarch's group of shareholders and CVC Capital Partners intend to launch a tender offer for 5,266,072 Comarch shares at PLN 315.4. The bidders, acting in an agreement, hold a total of 2,867,277 shares in the company entitling them to exercise a total of 9,860,877 votes, representing a total of 35.25% of the share capital and 65.19% of the total number of votes in the company. The purpose of the transaction is for the bidders to achieve 100% of the total voting rights in the company in order to delist its shares from the regulated market and enable its further development as a private company. Elzbieta Filipiak, head of the supervisory board, assessed that the CVC Capital Partners fund is the right partner who is ready to support the company's further international development. The Transaction Agreement also regulates certain actions of its parties in relation to extraordinary events or circumstances concerning the Company which, if they occurred, could undermine the economic rationale of the Transaction.
공지 • May 31Comarch S.A., Annual General Meeting, Jun 26, 2024Comarch S.A., Annual General Meeting, Jun 26, 2024.
Declared Dividend • May 31Dividend of zł5.00 announcedShareholders will receive a dividend of zł5.00. Ex-date: 2nd July 2024 Payment date: 12th July 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover.
공지 • May 30Comarch IT to Pay Dividend on July 12, 2024Comarch's supervisory board has given a positive opinion on the management board's proposal to earmark PLN 40.67 million (EUR 9.6 million) from the profit generated in 2023 for dividends, which translates into PLN 5 (EUR 1.18) per share. The proposed dividend date is July 3, and the dividend is to be paid on July 12, 2024.
Reported Earnings • May 27First quarter 2024 earnings released: EPS: zł2.70 (vs zł2.84 in 1Q 2023)First quarter 2024 results: EPS: zł2.70 (down from zł2.84 in 1Q 2023). Revenue: zł434.7m (up 1.7% from 1Q 2023). Net income: zł22.0m (down 4.7% from 1Q 2023). Profit margin: 5.1% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: zł12.88 (vs zł13.26 in FY 2022)Full year 2023 results: EPS: zł12.88 (down from zł13.26 in FY 2022). Revenue: zł1.82b (down 2.3% from FY 2022). Net income: zł104.8m (down 2.8% from FY 2022). Profit margin: 5.8% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.
공지 • Jan 12Comarch S.A. to Report Q4, 2023 Results on Feb 09, 2024Comarch S.A. announced that they will report Q4, 2023 results on Feb 09, 2024
공지 • Jan 10+ 4 more updatesComarch S.A. to Report Q3, 2024 Results on Nov 22, 2024Comarch S.A. announced that they will report Q3, 2024 results on Nov 22, 2024
공지 • Jan 06Comarch Announces Management ChangesComarch announced that the extraordinary general meeting has appointed Anna Pruska to the position of President of the Management Board, with Marcin Warwas and Marcin Kaleta appointed as Vice-Presidents. The changes in the composition of Comarch's Management Board took place following the death of former CEO Janusz Filipiak, who was Pruska's father. Pruska has been involved with Comarch since 2004. In 2013 she joined the company's Supervisory Board while in October 2023 she was entrusted by the Board to act as CEO. By education, Pruska is an economist and she holds a PhD in international relations.
공지 • Jan 04Comarch Announces Board AppointmentsComarch appointed Anna Pruska as chairwoman of the board. Marcin Warwas and Marcin Kaleta have been appointed as deputy chairman of the board. Ms. Anna Pruska, Mr. Marcin Warwas and Mr. Marcin Kaleta have been appointed to serve as members of Comarch's management board until the end of the current term of the board.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €48.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Germany. Total returns to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €36.44 per share.
Reported Earnings • Nov 21Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł453.4m (down 3.8% from 3Q 2022). Net income: zł32.4m (up 16% from 3Q 2022). Profit margin: 7.2% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany.
New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.9% 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 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Buying Opportunity • Sep 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.4%. The fair value is estimated to be €38.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 3.7%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 46% in the next 2 years.
Reported Earnings • Sep 03Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł289.9m (down 32% from 2Q 2022). Net income: zł11.4m (down 7.9% from 2Q 2022). Profit margin: 3.9% (up from 2.9% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany.
Upcoming Dividend • Jun 30Upcoming dividend of zł4.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 07 July 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
공지 • Jun 29Comarch Approves Dividend for 2022Comarch shareholders approved a PLN 32.5 million dividend payout from 2022 profit or PLN 4.0 DPS.
공지 • May 30Comarch S.A., Annual General Meeting, Jun 28, 2023Comarch S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time. Location: at 33 prof. Michal Zyczkowski Street Krakow Poland Agenda: To consider opening of the General Meeting; to consider election of the Chairman of the Meeting; to consider election of the Returns Committee; to consider adoption of the agenda of the Meeting; to consider presentation of the Chairman of the Supervisory Board of the Company; to consider speech of the President of the company’s Management Board; to consider reports of the Company's authorities and the financial statements of the Company and the consolidated financial statements of the Comarch Capital Group for the financial year 01.01.2022 – 31.12.2022; and to consider any other matters.
Reported Earnings • May 24First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł427.6m (up 2.7% from 1Q 2022). Net income: zł23.1m (down 29% from 1Q 2022). Profit margin: 5.4% (down from 7.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: zł13.42 (vs zł14.82 in FY 2021)Full year 2022 results: EPS: zł13.42 (down from zł14.82 in FY 2021). Revenue: zł1.86b (up 14% from FY 2021). Net income: zł109.1m (down 9.5% from FY 2021). Profit margin: 5.9% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Germany.
공지 • Jan 03+ 5 more updatesComarch S.A. to Report Fiscal Year 2022 Final Results on Apr 28, 2023Comarch S.A. announced that they will report fiscal year 2022 final results at 11:30 AM, Central European Standard Time on Apr 28, 2023
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to €37.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €45.54 per share.
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł471.1m (up 22% from 3Q 2021). Net income: zł27.9m (down 7.9% from 3Q 2021). Profit margin: 5.9% (down from 7.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany.
Reported Earnings • Sep 02Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł426.3m (up 26% from 2Q 2021). Net income: zł12.4m (down 57% from 2Q 2021). Profit margin: 2.9% (down from 8.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.3%, compared to a 13% growth forecast for the IT industry in Germany.
Upcoming Dividend • Jul 01Upcoming dividend of zł4.00 per shareEligible shareholders must have bought the stock before 08 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.6%).
공지 • Jun 02Comarch S.A., Annual General Meeting, Jun 28, 2022Comarch S.A., Annual General Meeting, Jun 28, 2022.
Reported Earnings • May 22First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł416.3m (up 8.4% from 1Q 2021). Net income: zł32.4m (up 24% from 1Q 2021). Profit margin: 7.8% (up from 6.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.2%, compared to a 23% growth forecast for the industry in Germany.
Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: zł14.82 (up from zł14.60 in FY 2020). Revenue: zł1.62b (up 5.7% from FY 2020). Net income: zł120.5m (up 1.5% from FY 2020). Profit margin: 7.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 1.4%, compared to a 16% growth forecast for the industry in Germany.
Reported Earnings • Nov 19Third quarter 2021 earnings releasedThe company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: zł385.9m (up 9.1% from 3Q 2020). Net income: zł30.3m (down 6.6% from 3Q 2020). Profit margin: 7.9% (down from 9.2% in 3Q 2020). The decrease in margin was driven by higher expenses.
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: zł337.4m (up 1.9% from 2Q 2020). Net income: zł28.5m (up 40% from 2Q 2020). Profit margin: 8.4% (up from 6.1% in 2Q 2020).
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to zł60.60, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the IT industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €53.26 per share.
Reported Earnings • May 24First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł384.0m (up 1.6% from 1Q 2020). Net income: zł26.1m (up 84% from 1Q 2020). Profit margin: 6.8% (up from 3.8% in 1Q 2020). The increase in margin was primarily driven by higher revenue.
공지 • May 19Comarch S.A. Proposes Dividend for the Year 2020, Payable on July 16, 2021Comarch S.A. announced that it is seeking shareholders' nod for PLN 3.0 dividend per share from part of the 2020 earnings, or PLN 24.4 million in total, the company said in draft resolutions for upcoming GM as reported in a market filing. Right would be set on July 6, 2021, and the payout made on July 16, 2021, the company proposes. Last year, the company paid out PLN 1.5 dividend per share.