View ValuationAtrem 향후 성장Future 기준 점검 1/6Atrem의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Construction 이익 성장12.2%매출 성장률10.1%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트26 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jul 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to zł61.00. The fair value is estimated to be zł76.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%.Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 23% to zł60.60. The fair value is estimated to be zł76.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%.Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł61.90, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 775% over the past three years.Declared Dividend • May 31Dividend increased to zł2.16Dividend of zł2.16 is 28% higher than last year. Ex-date: 7th August 2026 Payment date: 20th October 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • May 29Atrem S.A., Annual General Meeting, Jun 24, 2026Atrem S.A., Annual General Meeting, Jun 24, 2026, at 11:00 Central European Standard Time.Reported Earnings • May 22First quarter 2026 earnings released: EPS: zł0.69 (vs zł0.53 in 1Q 2025)First quarter 2026 results: EPS: zł0.69 (up from zł0.53 in 1Q 2025). Revenue: zł61.8m (up 45% from 1Q 2025). Net income: zł6.36m (up 29% from 1Q 2025). Profit margin: 10% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.0% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł58.80, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 1,038% over the past three years.분석 기사 • Apr 01Atrem's (WSE:ATR) Promising Earnings May Rest On Soft FoundationsUnsurprisingly, Atrem S.A.'s ( WSE:ATR ) stock price was strong on the back of its healthy earnings report. However...Reported Earnings • Mar 30Full year 2025 earnings released: EPS: zł4.08 (vs zł1.69 in FY 2024)Full year 2025 results: EPS: zł4.08 (up from zł1.69 in FY 2024). Revenue: zł311.9m (up 66% from FY 2024). Net income: zł37.6m (up 141% from FY 2024). Profit margin: 12% (up from 8.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Mar 03Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to zł50.40. The fair value is estimated to be zł66.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%.분석 기사 • Dec 24Atrem S.A. (WSE:ATR) Stocks Shoot Up 30% But Its P/E Still Looks ReasonableAtrem S.A. ( WSE:ATR ) shareholders would be excited to see that the share price has had a great month, posting a 30...분석 기사 • Dec 02Atrem (WSE:ATR) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to zł52.00, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,450% over the past three years.Buy Or Sell Opportunity • Dec 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to zł52.00. The fair value is estimated to be zł41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%.Reported Earnings • Nov 21Third quarter 2025 earnings released: EPS: zł1.11 (vs zł0.75 in 3Q 2024)Third quarter 2025 results: EPS: zł1.11 (up from zł0.75 in 3Q 2024). Revenue: zł89.7m (up 82% from 3Q 2024). Net income: zł10.3m (up 49% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.공고 • Nov 15Atrem S.A. to Report Q3, 2025 Results on Nov 19, 2025Atrem S.A. announced that they will report Q3, 2025 results on Nov 19, 2025Buy Or Sell Opportunity • Nov 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to zł52.40. The fair value is estimated to be zł42.99, however this is not to be taken as a sell 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 59%.Buy Or Sell Opportunity • Sep 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 44% to zł52.60. The fair value is estimated to be zł43.52, however this is not to be taken as a sell 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 59%.New Risk • Sep 18New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).분석 기사 • Sep 18Atrem S.A.'s (WSE:ATR) P/E Is Still On The Mark Following 29% Share Price BounceThe Atrem S.A. ( WSE:ATR ) share price has done very well over the last month, posting an excellent gain of 29%. The...Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł48.40, the stock trades at a trailing P/E ratio of 20.5x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,180% over the past three years.Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: zł0.63 (vs zł0.30 in 2Q 2024)Second quarter 2025 results: EPS: zł0.63 (up from zł0.30 in 2Q 2024). Revenue: zł59.6m (up 44% from 2Q 2024). Net income: zł5.81m (up 113% from 2Q 2024). Profit margin: 9.8% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.공고 • Aug 20Atrem S.A. to Report First Half, 2025 Results on Aug 27, 2025Atrem S.A. announced that they will report first half, 2025 results on Aug 27, 2025분석 기사 • Aug 15Calculating The Fair Value Of Atrem S.A. (WSE:ATR)WSE:ATR 1 Year Share Price vs Fair Value Explore Atrem's Fair Values from the Community and select yours Key Insights...New Risk • Aug 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: zł361.8m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (zł361.8m market cap, or US$99.6m).Upcoming Dividend • Aug 01Upcoming dividend of zł1.69 per shareEligible shareholders must have bought the stock before 08 August 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (3.9%).분석 기사 • Jul 08Market Participants Recognise Atrem S.A.'s (WSE:ATR) Earnings Pushing Shares 26% HigherAtrem S.A. ( WSE:ATR ) shares have continued their recent momentum with a 26% gain in the last month alone. The annual...Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to zł42.40, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,211% over the past three years.공고 • Jun 29Atrem S.A. announces Annual dividend, payable on October 17, 2025Atrem S.A. announced Annual dividend of PLN 0.5700 per share payable on October 17, 2025, ex-date on August 08, 2025 and record date on August 11, 2025.분석 기사 • Jun 22We Think Atrem (WSE:ATR) Might Have The DNA Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Buy Or Sell Opportunity • Jun 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to zł34.00. The fair value is estimated to be zł28.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 46%.분석 기사 • Jun 01Atrem's (WSE:ATR) Performance Is Even Better Than Its Earnings SuggestAtrem S.A.'s ( WSE:ATR ) strong earnings report was rewarded with a positive stock price move. We did some digging and...분석 기사 • May 22Atrem S.A.'s (WSE:ATR) 31% Jump Shows Its Popularity With InvestorsThe Atrem S.A. ( WSE:ATR ) share price has done very well over the last month, posting an excellent gain of 31%. The...Reported Earnings • May 20First quarter 2025 earnings released: EPS: zł0.53 (vs zł0.20 in 1Q 2024)First quarter 2025 results: EPS: zł0.53 (up from zł0.20 in 1Q 2024). Revenue: zł42.6m (up 33% from 1Q 2024). Net income: zł4.93m (up 172% from 1Q 2024). Profit margin: 12% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł29.40, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 845% over the past three years.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł26.80, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 695% over the past three years.Buy Or Sell Opportunity • Mar 25Now 36% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to zł26.20. The fair value is estimated to be zł19.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 34%.분석 기사 • Mar 12Is There Now An Opportunity In Atrem S.A. (WSE:ATR)?While Atrem S.A. ( WSE:ATR ) might not have the largest market cap around , it led the WSE gainers with a relatively...Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to zł24.00. The fair value is estimated to be zł19.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł21.50, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,148% over the past three years.Buy Or Sell Opportunity • Feb 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 113% to zł24.30. The fair value is estimated to be zł20.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł22.90, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,050% over the past three years.분석 기사 • Jan 11Atrem S.A. (WSE:ATR) Stocks Shoot Up 30% But Its P/S Still Looks ReasonableDespite an already strong run, Atrem S.A. ( WSE:ATR ) shares have been powering on, with a gain of 30% in the last...Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł18.75, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 819% over the past three years.분석 기사 • Dec 28Atrem (WSE:ATR) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Nov 30We Think Atrem's (WSE:ATR) Profit Is Only A Baseline For What They Can AchieveAtrem S.A. ( WSE:ATR ) recently posted some strong earnings, and the market responded positively. Our analysis found...Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 27%After last week's 27% share price gain to zł15.75, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 874% over the past three years.분석 기사 • Nov 27Further Upside For Atrem S.A. (WSE:ATR) Shares Could Introduce Price Risks After 25% BounceAtrem S.A. ( WSE:ATR ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The last...Reported Earnings • Nov 24Third quarter 2024 earnings released: EPS: zł0.75 (vs zł0.11 in 3Q 2023)Third quarter 2024 results: EPS: zł0.75 (up from zł0.11 in 3Q 2023). Revenue: zł49.2m (up 17% from 3Q 2023). Net income: zł6.89m (up zł5.92m from 3Q 2023). Profit margin: 14% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.1% to zł11.20. The fair value is estimated to be zł14.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 25%.New Risk • Sep 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (zł105.2m market cap, or US$27.2m).Upcoming Dividend • Sep 02Upcoming dividend of zł0.49 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (5.2%).Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: zł0.30 (vs zł0.18 in 2Q 2023)Second quarter 2024 results: EPS: zł0.30 (up from zł0.18 in 2Q 2023). Revenue: zł41.3m (up 29% from 2Q 2023). Net income: zł2.73m (up 59% from 2Q 2023). Profit margin: 6.6% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Aug 06Investors Holding Back On Atrem S.A. (WSE:ATR)It's not a stretch to say that Atrem S.A.'s ( WSE:ATR ) price-to-sales (or "P/S") ratio of 0.6x right now seems quite...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł10.00, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 404% over the past three years.Reported Earnings • May 29First quarter 2024 earnings released: EPS: zł0.20 (vs zł0.18 loss in 1Q 2023)First quarter 2024 results: EPS: zł0.20 (up from zł0.18 loss in 1Q 2023). Revenue: zł32.0m (up 69% from 1Q 2023). Net income: zł1.81m (up zł3.51m from 1Q 2023). Profit margin: 5.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.공고 • May 14Atrem S.A., Annual General Meeting, Jun 10, 2024Atrem S.A., Annual General Meeting, Jun 10, 2024.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł13.70, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 492% over the past three years.분석 기사 • Mar 29Statutory Profit Doesn't Reflect How Good Atrem's (WSE:ATR) Earnings AreInvestors were underwhelmed by the solid earnings posted by Atrem S.A. ( WSE:ATR ) recently. Our analysis says that...Reported Earnings • Mar 24Full year 2023 earnings released: EPS: zł0.65 (vs zł0.27 in FY 2022)Full year 2023 results: EPS: zł0.65 (up from zł0.27 in FY 2022). Revenue: zł142.4m (up 29% from FY 2022). Net income: zł5.95m (up 135% from FY 2022). Profit margin: 4.2% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Mar 07The Market Lifts Atrem S.A. (WSE:ATR) Shares 35% But It Can Do MoreDespite an already strong run, Atrem S.A. ( WSE:ATR ) shares have been powering on, with a gain of 35% in the last...New Risk • Feb 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (zł74.4m market cap, or US$18.7m).Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to zł7.84, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 234% over the past three years.분석 기사 • Feb 20Is Now An Opportune Moment To Examine Atrem S.A. (WSE:ATR)?Atrem S.A. ( WSE:ATR ), is not the largest company out there, but it saw a significant share price rise of 26% in the...Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.40, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 258% over the past three years.분석 기사 • Jan 22Atrem S.A.'s (WSE:ATR) Subdued P/S Might Signal An OpportunityWith a median price-to-sales (or "P/S") ratio of close to 0.4x in the Construction industry in Poland, you could be...공고 • Jan 13+ 3 more updatesAtrem S.A. to Report Fiscal Year 2023 Results on Mar 22, 2024Atrem S.A. announced that they will report fiscal year 2023 results at 11:30 AM, Central European Standard Time on Mar 22, 2024Reported Earnings • Nov 27Third quarter 2023 earnings released: EPS: zł0.11 (vs zł0.07 in 3Q 2022)Third quarter 2023 results: EPS: zł0.11 (up from zł0.07 in 3Q 2022). Revenue: zł42.0m (up 78% from 3Q 2022). Net income: zł971.0k (up 45% from 3Q 2022). Profit margin: 2.3% (down from 2.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Sep 03Second quarter 2023 earnings released: EPS: zł0.18 (vs zł0.11 in 2Q 2022)Second quarter 2023 results: EPS: zł0.18 (up from zł0.11 in 2Q 2022). Revenue: zł31.9m (flat on 2Q 2022). Net income: zł1.72m (up 77% from 2Q 2022). Profit margin: 5.4% (up from 3.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 47% per year.Upcoming Dividend • Aug 04Upcoming dividend of zł0.11 per share at 1.6% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 28 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.6%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.4%).분석 기사 • Jul 15We Think Atrem (WSE:ATR) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...New Risk • Jul 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł71.1m market cap, or US$17.5m).공고 • May 31Atrem S.A., Annual General Meeting, Jun 26, 2023Atrem S.A., Annual General Meeting, Jun 26, 2023, at 11:00 Central European Standard Time.Reported Earnings • May 30First quarter 2023 earnings released: zł0.18 loss per share (vs zł0.021 profit in 1Q 2022)First quarter 2023 results: zł0.18 loss per share (down from zł0.021 profit in 1Q 2022). Revenue: zł19.0m (down 42% from 1Q 2022). Net loss: zł1.70m (down zł1.89m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.분석 기사 • Mar 30Does Atrem (WSE:ATR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 31%After last week's 31% share price gain to zł6.16, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 390% over the past three years.공고 • Jan 26+ 3 more updatesAtrem S.A. to Report First Half, 2023 Results on Aug 31, 2023Atrem S.A. announced that they will report first half, 2023 results on Aug 31, 2023Reported Earnings • Nov 27Third quarter 2022 earnings released: EPS: zł0.07 (vs zł0.08 loss in 3Q 2021)Third quarter 2022 results: EPS: zł0.07 (up from zł0.08 loss in 3Q 2021). Revenue: zł23.7m (down 22% from 3Q 2021). Net income: zł669.0k (up zł1.41m from 3Q 2021). Profit margin: 2.8% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.분석 기사 • Nov 10Is Atrem (WSE:ATR) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Oct 04Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł2.92, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Construction industry in Poland. Total returns to shareholders of 68% over the past three years.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.90, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 111% over the past three years.Upcoming Dividend • Sep 05Upcoming dividend of zł0.66 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 21 September 2022. Trailing yield: 14%. Within top quartile of Polish dividend payers (9.3%). Lower than average of industry peers (17%).Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: zł0.11 (vs zł0.09 in 2Q 2021)Second quarter 2022 results: EPS: zł0.11 (up from zł0.09 in 2Q 2021). Revenue: zł32.2m (up 46% from 2Q 2021). Net income: zł974.0k (up 23% from 2Q 2021). Profit margin: 3.0% (down from 3.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.분석 기사 • Aug 04We Think Atrem (WSE:ATR) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.69, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Construction industry in Poland. Total returns to shareholders of 125% over the past three years.분석 기사 • Jun 04Atrem's (WSE:ATR) Promising Earnings May Rest On Soft FoundationsAtrem S.A. ( WSE:ATR ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...공고 • May 20Atrem S.A., Annual General Meeting, Jun 13, 2022Atrem S.A., Annual General Meeting, Jun 13, 2022, at 12:00 Central European Standard Time.분석 기사 • Mar 31Atrem S.A. (WSE:ATR) Stock Rockets 87% But Many Are Still Ignoring The CompanyAtrem S.A. ( WSE:ATR ) shareholders would be excited to see that the share price has had a great month, posting a 87...이익 및 매출 성장 예측WSE:ATR - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028449N/A3235112/31/2027385N/A3235112/31/2026340N/A293913/31/2026331393839N/A12/31/2025312382021N/A9/30/2025257251112N/A6/30/2025216222222N/A3/31/2025198192727N/A12/31/2024187163132N/A9/30/2024172163132N/A6/30/2024165102425N/A3/31/202415591618N/A12/31/202314261516N/A9/30/2023115223N/A6/30/20239711616N/A3/31/20239711617N/A12/31/2022111344N/A9/30/20221201089N/A6/30/20221278-2-2N/A3/31/20221168-3-3N/A12/31/2021101699N/A9/30/20211031-1-1N/A6/30/202189100N/A3/31/202186244N/A12/31/202086222N/A9/30/202075-266N/A6/30/202090-366N/A3/31/2020105-756N/A12/31/2019116-7N/A-12N/A9/30/2019133-6N/A-2N/A6/30/2019137-6N/A-2N/A3/31/2019131-6N/A-5N/A12/31/2018133-4N/A6N/A9/30/2018118-4N/A-3N/A6/30/2018108-4N/A-9N/A3/31/201896-7N/A-13N/A12/31/201778-7N/A-5N/A9/30/201778-9N/A2N/A6/30/201776-11N/A7N/A3/31/201796-8N/A5N/A12/31/2016116-6N/A4N/A9/30/2016147-2N/A-3N/A6/30/20161642N/A-8N/A3/31/20161553N/A-4N/A12/31/20151441N/A-7N/A9/30/2015130-2N/A0N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ATR 의 예상 수익 증가율이 절약률(5.5%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: ATR 의 수익이 Polish 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: ATR 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: ATR 의 수익(연간 10.1%)이 Polish 시장(연간 4.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: ATR 의 수익(연간 10.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ATR의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/16 04:09종가2026/08/14 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 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 소스Atrem S.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Adrian KyrczErste Bank Polska S.A.
Buy Or Sell Opportunity • Jul 31Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.6% to zł61.00. The fair value is estimated to be zł76.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%.
Buy Or Sell Opportunity • Jul 08Now 20% undervaluedOver the last 90 days, the stock has risen 23% to zł60.60. The fair value is estimated to be zł76.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł61.90, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 775% over the past three years.
Declared Dividend • May 31Dividend increased to zł2.16Dividend of zł2.16 is 28% higher than last year. Ex-date: 7th August 2026 Payment date: 20th October 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • May 29Atrem S.A., Annual General Meeting, Jun 24, 2026Atrem S.A., Annual General Meeting, Jun 24, 2026, at 11:00 Central European Standard Time.
Reported Earnings • May 22First quarter 2026 earnings released: EPS: zł0.69 (vs zł0.53 in 1Q 2025)First quarter 2026 results: EPS: zł0.69 (up from zł0.53 in 1Q 2025). Revenue: zł61.8m (up 45% from 1Q 2025). Net income: zł6.36m (up 29% from 1Q 2025). Profit margin: 10% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Apr 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.0% 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 Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change).
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł58.80, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 1,038% over the past three years.
분석 기사 • Apr 01Atrem's (WSE:ATR) Promising Earnings May Rest On Soft FoundationsUnsurprisingly, Atrem S.A.'s ( WSE:ATR ) stock price was strong on the back of its healthy earnings report. However...
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: zł4.08 (vs zł1.69 in FY 2024)Full year 2025 results: EPS: zł4.08 (up from zł1.69 in FY 2024). Revenue: zł311.9m (up 66% from FY 2024). Net income: zł37.6m (up 141% from FY 2024). Profit margin: 12% (up from 8.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Mar 03Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.3% to zł50.40. The fair value is estimated to be zł66.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%.
분석 기사 • Dec 24Atrem S.A. (WSE:ATR) Stocks Shoot Up 30% But Its P/E Still Looks ReasonableAtrem S.A. ( WSE:ATR ) shareholders would be excited to see that the share price has had a great month, posting a 30...
분석 기사 • Dec 02Atrem (WSE:ATR) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to zł52.00, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,450% over the past three years.
Buy Or Sell Opportunity • Dec 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 28% to zł52.00. The fair value is estimated to be zł41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%.
Reported Earnings • Nov 21Third quarter 2025 earnings released: EPS: zł1.11 (vs zł0.75 in 3Q 2024)Third quarter 2025 results: EPS: zł1.11 (up from zł0.75 in 3Q 2024). Revenue: zł89.7m (up 82% from 3Q 2024). Net income: zł10.3m (up 49% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Nov 15Atrem S.A. to Report Q3, 2025 Results on Nov 19, 2025Atrem S.A. announced that they will report Q3, 2025 results on Nov 19, 2025
Buy Or Sell Opportunity • Nov 03Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to zł52.40. The fair value is estimated to be zł42.99, however this is not to be taken as a sell 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 59%.
Buy Or Sell Opportunity • Sep 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 44% to zł52.60. The fair value is estimated to be zł43.52, however this is not to be taken as a sell 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 59%.
New Risk • Sep 18New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change).
분석 기사 • Sep 18Atrem S.A.'s (WSE:ATR) P/E Is Still On The Mark Following 29% Share Price BounceThe Atrem S.A. ( WSE:ATR ) share price has done very well over the last month, posting an excellent gain of 29%. The...
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł48.40, the stock trades at a trailing P/E ratio of 20.5x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,180% over the past three years.
Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: zł0.63 (vs zł0.30 in 2Q 2024)Second quarter 2025 results: EPS: zł0.63 (up from zł0.30 in 2Q 2024). Revenue: zł59.6m (up 44% from 2Q 2024). Net income: zł5.81m (up 113% from 2Q 2024). Profit margin: 9.8% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Aug 20Atrem S.A. to Report First Half, 2025 Results on Aug 27, 2025Atrem S.A. announced that they will report first half, 2025 results on Aug 27, 2025
분석 기사 • Aug 15Calculating The Fair Value Of Atrem S.A. (WSE:ATR)WSE:ATR 1 Year Share Price vs Fair Value Explore Atrem's Fair Values from the Community and select yours Key Insights...
New Risk • Aug 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: zł361.8m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (zł361.8m market cap, or US$99.6m).
Upcoming Dividend • Aug 01Upcoming dividend of zł1.69 per shareEligible shareholders must have bought the stock before 08 August 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (3.9%).
분석 기사 • Jul 08Market Participants Recognise Atrem S.A.'s (WSE:ATR) Earnings Pushing Shares 26% HigherAtrem S.A. ( WSE:ATR ) shares have continued their recent momentum with a 26% gain in the last month alone. The annual...
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to zł42.40, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,211% over the past three years.
공고 • Jun 29Atrem S.A. announces Annual dividend, payable on October 17, 2025Atrem S.A. announced Annual dividend of PLN 0.5700 per share payable on October 17, 2025, ex-date on August 08, 2025 and record date on August 11, 2025.
분석 기사 • Jun 22We Think Atrem (WSE:ATR) Might Have The DNA Of A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Buy Or Sell Opportunity • Jun 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to zł34.00. The fair value is estimated to be zł28.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 46%.
분석 기사 • Jun 01Atrem's (WSE:ATR) Performance Is Even Better Than Its Earnings SuggestAtrem S.A.'s ( WSE:ATR ) strong earnings report was rewarded with a positive stock price move. We did some digging and...
분석 기사 • May 22Atrem S.A.'s (WSE:ATR) 31% Jump Shows Its Popularity With InvestorsThe Atrem S.A. ( WSE:ATR ) share price has done very well over the last month, posting an excellent gain of 31%. The...
Reported Earnings • May 20First quarter 2025 earnings released: EPS: zł0.53 (vs zł0.20 in 1Q 2024)First quarter 2025 results: EPS: zł0.53 (up from zł0.20 in 1Q 2024). Revenue: zł42.6m (up 33% from 1Q 2024). Net income: zł4.93m (up 172% from 1Q 2024). Profit margin: 12% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł29.40, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 845% over the past three years.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł26.80, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 695% over the past three years.
Buy Or Sell Opportunity • Mar 25Now 36% overvalued after recent price riseOver the last 90 days, the stock has risen 64% to zł26.20. The fair value is estimated to be zł19.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 34%.
분석 기사 • Mar 12Is There Now An Opportunity In Atrem S.A. (WSE:ATR)?While Atrem S.A. ( WSE:ATR ) might not have the largest market cap around , it led the WSE gainers with a relatively...
Buy Or Sell Opportunity • Mar 05Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 49% to zł24.00. The fair value is estimated to be zł19.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł21.50, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,148% over the past three years.
Buy Or Sell Opportunity • Feb 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 113% to zł24.30. The fair value is estimated to be zł20.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł22.90, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,050% over the past three years.
분석 기사 • Jan 11Atrem S.A. (WSE:ATR) Stocks Shoot Up 30% But Its P/S Still Looks ReasonableDespite an already strong run, Atrem S.A. ( WSE:ATR ) shares have been powering on, with a gain of 30% in the last...
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł18.75, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 819% over the past three years.
분석 기사 • Dec 28Atrem (WSE:ATR) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Nov 30We Think Atrem's (WSE:ATR) Profit Is Only A Baseline For What They Can AchieveAtrem S.A. ( WSE:ATR ) recently posted some strong earnings, and the market responded positively. Our analysis found...
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 27%After last week's 27% share price gain to zł15.75, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 874% over the past three years.
분석 기사 • Nov 27Further Upside For Atrem S.A. (WSE:ATR) Shares Could Introduce Price Risks After 25% BounceAtrem S.A. ( WSE:ATR ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The last...
Reported Earnings • Nov 24Third quarter 2024 earnings released: EPS: zł0.75 (vs zł0.11 in 3Q 2023)Third quarter 2024 results: EPS: zł0.75 (up from zł0.11 in 3Q 2023). Revenue: zł49.2m (up 17% from 3Q 2023). Net income: zł6.89m (up zł5.92m from 3Q 2023). Profit margin: 14% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.1% to zł11.20. The fair value is estimated to be zł14.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 25%.
New Risk • Sep 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (zł105.2m market cap, or US$27.2m).
Upcoming Dividend • Sep 02Upcoming dividend of zł0.49 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (5.2%).
Reported Earnings • Aug 28Second quarter 2024 earnings released: EPS: zł0.30 (vs zł0.18 in 2Q 2023)Second quarter 2024 results: EPS: zł0.30 (up from zł0.18 in 2Q 2023). Revenue: zł41.3m (up 29% from 2Q 2023). Net income: zł2.73m (up 59% from 2Q 2023). Profit margin: 6.6% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Aug 06Investors Holding Back On Atrem S.A. (WSE:ATR)It's not a stretch to say that Atrem S.A.'s ( WSE:ATR ) price-to-sales (or "P/S") ratio of 0.6x right now seems quite...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to zł10.00, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 404% over the past three years.
Reported Earnings • May 29First quarter 2024 earnings released: EPS: zł0.20 (vs zł0.18 loss in 1Q 2023)First quarter 2024 results: EPS: zł0.20 (up from zł0.18 loss in 1Q 2023). Revenue: zł32.0m (up 69% from 1Q 2023). Net income: zł1.81m (up zł3.51m from 1Q 2023). Profit margin: 5.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
공고 • May 14Atrem S.A., Annual General Meeting, Jun 10, 2024Atrem S.A., Annual General Meeting, Jun 10, 2024.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł13.70, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 492% over the past three years.
분석 기사 • Mar 29Statutory Profit Doesn't Reflect How Good Atrem's (WSE:ATR) Earnings AreInvestors were underwhelmed by the solid earnings posted by Atrem S.A. ( WSE:ATR ) recently. Our analysis says that...
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: zł0.65 (vs zł0.27 in FY 2022)Full year 2023 results: EPS: zł0.65 (up from zł0.27 in FY 2022). Revenue: zł142.4m (up 29% from FY 2022). Net income: zł5.95m (up 135% from FY 2022). Profit margin: 4.2% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Mar 07The Market Lifts Atrem S.A. (WSE:ATR) Shares 35% But It Can Do MoreDespite an already strong run, Atrem S.A. ( WSE:ATR ) shares have been powering on, with a gain of 35% in the last...
New Risk • Feb 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (zł74.4m market cap, or US$18.7m).
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to zł7.84, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 234% over the past three years.
분석 기사 • Feb 20Is Now An Opportune Moment To Examine Atrem S.A. (WSE:ATR)?Atrem S.A. ( WSE:ATR ), is not the largest company out there, but it saw a significant share price rise of 26% in the...
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.40, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 258% over the past three years.
분석 기사 • Jan 22Atrem S.A.'s (WSE:ATR) Subdued P/S Might Signal An OpportunityWith a median price-to-sales (or "P/S") ratio of close to 0.4x in the Construction industry in Poland, you could be...
공고 • Jan 13+ 3 more updatesAtrem S.A. to Report Fiscal Year 2023 Results on Mar 22, 2024Atrem S.A. announced that they will report fiscal year 2023 results at 11:30 AM, Central European Standard Time on Mar 22, 2024
Reported Earnings • Nov 27Third quarter 2023 earnings released: EPS: zł0.11 (vs zł0.07 in 3Q 2022)Third quarter 2023 results: EPS: zł0.11 (up from zł0.07 in 3Q 2022). Revenue: zł42.0m (up 78% from 3Q 2022). Net income: zł971.0k (up 45% from 3Q 2022). Profit margin: 2.3% (down from 2.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Sep 03Second quarter 2023 earnings released: EPS: zł0.18 (vs zł0.11 in 2Q 2022)Second quarter 2023 results: EPS: zł0.18 (up from zł0.11 in 2Q 2022). Revenue: zł31.9m (flat on 2Q 2022). Net income: zł1.72m (up 77% from 2Q 2022). Profit margin: 5.4% (up from 3.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 47% per year.
Upcoming Dividend • Aug 04Upcoming dividend of zł0.11 per share at 1.6% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 28 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.6%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.4%).
분석 기사 • Jul 15We Think Atrem (WSE:ATR) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
New Risk • Jul 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł71.1m market cap, or US$17.5m).
공고 • May 31Atrem S.A., Annual General Meeting, Jun 26, 2023Atrem S.A., Annual General Meeting, Jun 26, 2023, at 11:00 Central European Standard Time.
Reported Earnings • May 30First quarter 2023 earnings released: zł0.18 loss per share (vs zł0.021 profit in 1Q 2022)First quarter 2023 results: zł0.18 loss per share (down from zł0.021 profit in 1Q 2022). Revenue: zł19.0m (down 42% from 1Q 2022). Net loss: zł1.70m (down zł1.89m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
분석 기사 • Mar 30Does Atrem (WSE:ATR) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment improves as stock rises 31%After last week's 31% share price gain to zł6.16, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 390% over the past three years.
공고 • Jan 26+ 3 more updatesAtrem S.A. to Report First Half, 2023 Results on Aug 31, 2023Atrem S.A. announced that they will report first half, 2023 results on Aug 31, 2023
Reported Earnings • Nov 27Third quarter 2022 earnings released: EPS: zł0.07 (vs zł0.08 loss in 3Q 2021)Third quarter 2022 results: EPS: zł0.07 (up from zł0.08 loss in 3Q 2021). Revenue: zł23.7m (down 22% from 3Q 2021). Net income: zł669.0k (up zł1.41m from 3Q 2021). Profit margin: 2.8% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
분석 기사 • Nov 10Is Atrem (WSE:ATR) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł2.92, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Construction industry in Poland. Total returns to shareholders of 68% over the past three years.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.90, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 111% over the past three years.
Upcoming Dividend • Sep 05Upcoming dividend of zł0.66 per shareEligible shareholders must have bought the stock before 12 September 2022. Payment date: 21 September 2022. Trailing yield: 14%. Within top quartile of Polish dividend payers (9.3%). Lower than average of industry peers (17%).
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: zł0.11 (vs zł0.09 in 2Q 2021)Second quarter 2022 results: EPS: zł0.11 (up from zł0.09 in 2Q 2021). Revenue: zł32.2m (up 46% from 2Q 2021). Net income: zł974.0k (up 23% from 2Q 2021). Profit margin: 3.0% (down from 3.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
분석 기사 • Aug 04We Think Atrem (WSE:ATR) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.69, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Construction industry in Poland. Total returns to shareholders of 125% over the past three years.
분석 기사 • Jun 04Atrem's (WSE:ATR) Promising Earnings May Rest On Soft FoundationsAtrem S.A. ( WSE:ATR ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...
공고 • May 20Atrem S.A., Annual General Meeting, Jun 13, 2022Atrem S.A., Annual General Meeting, Jun 13, 2022, at 12:00 Central European Standard Time.
분석 기사 • Mar 31Atrem S.A. (WSE:ATR) Stock Rockets 87% But Many Are Still Ignoring The CompanyAtrem S.A. ( WSE:ATR ) shareholders would be excited to see that the share price has had a great month, posting a 87...