View ValuationOnde 향후 성장Future 기준 점검 1/6Onde의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Construction 이익 성장11.0%매출 성장률16.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates분석 기사 • May 20Onde's (WSE:OND) Solid Profits Have Weak FundamentalsOnde S.A. ( WSE:OND ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...Reported Earnings • May 18First quarter 2026 earnings released: zł0.08 loss per share (vs zł0.10 loss in 1Q 2025)First quarter 2026 results: zł0.08 loss per share (improved from zł0.10 loss in 1Q 2025). Revenue: zł98.8m (down 37% from 1Q 2025). Net loss: zł4.52m (loss narrowed 20% from 1Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year.Upcoming Dividend • May 11Upcoming dividend of zł0.31 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (4.3%).공시 • Apr 21Onde S.A., Annual General Meeting, May 14, 2026Onde S.A., Annual General Meeting, May 14, 2026, at 15:00 Central European Standard Time.Declared Dividend • Apr 20Dividend of zł0.31 announcedDividend of zł0.31 is the same as last year. Ex-date: 18th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share declined by 14% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range.New Risk • Apr 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).분석 기사 • Nov 14Onde's (WSE:OND) Shareholders Have More To Worry About Than Only Soft EarningsDespite Onde S.A.'s ( WSE:OND ) recent earnings report having lackluster headline numbers, the market responded...Reported Earnings • Nov 10Third quarter 2025 earnings released: EPS: zł0.24 (vs zł0.098 in 3Q 2024)Third quarter 2025 results: EPS: zł0.24 (up from zł0.098 in 3Q 2024). Revenue: zł268.4m (up 18% from 3Q 2024). Net income: zł13.1m (up 145% from 3Q 2024). Profit margin: 4.9% (up from 2.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Nov 06Onde S.A. to Report Q3, 2025 Results on Nov 06, 2025Onde S.A. announced that they will report Q3, 2025 results on Nov 06, 2025Reported Earnings • Sep 12Second quarter 2025 earnings released: EPS: zł0.19 (vs zł0.03 loss in 2Q 2024)Second quarter 2025 results: EPS: zł0.19 (up from zł0.03 loss in 2Q 2024). Revenue: zł217.1m (up 16% from 2Q 2024). Net income: zł10.6m (up zł12.1m from 2Q 2024). Profit margin: 4.9% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Aug 21Onde S.A. to Report First Half, 2025 Results on Sep 10, 2025Onde S.A. announced that they will report first half, 2025 results on Sep 10, 2025Upcoming Dividend • May 19Upcoming dividend of zł0.31 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 30 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (6.9%). Lower than average of industry peers (4.9%).Reported Earnings • May 14First quarter 2025 earnings released: zł0.10 loss per share (vs zł0.32 profit in 1Q 2024)First quarter 2025 results: zł0.10 loss per share (down from zł0.32 profit in 1Q 2024). Revenue: zł155.6m (down 7.4% from 1Q 2024). Net loss: zł5.62m (down 132% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 3.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Declared Dividend • Apr 25Dividend of zł0.31 announcedDividend of zł0.31 is the same as last year. Ex-date: 26th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (43% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Apr 24Onde S.A., Annual General Meeting, May 22, 2025Onde S.A., Annual General Meeting, May 22, 2025.분석 기사 • Apr 03Onde's (WSE:OND) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsOnde S.A.'s ( WSE:OND ) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that along...Buy Or Sell Opportunity • Mar 31Now 22% undervaluedOver the last 90 days, the stock has risen 9.2% to zł11.68. The fair value is estimated to be zł14.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 3.7%.Reported Earnings • Mar 28Full year 2024 earnings released: EPS: zł0.56 (vs zł0.61 in FY 2023)Full year 2024 results: EPS: zł0.56 (down from zł0.61 in FY 2023). Revenue: zł803.9m (down 26% from FY 2023). Net income: zł30.3m (down 9.3% from FY 2023). Profit margin: 3.8% (up from 3.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.분석 기사 • Mar 19Is Onde (WSE:OND) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Buy Or Sell Opportunity • Feb 18Now 22% undervaluedOver the last 90 days, the stock has risen 11% to zł11.10. The fair value is estimated to be zł14.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 12%.Buy Or Sell Opportunity • Jan 23Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to zł11.74. The fair value is estimated to be zł14.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 12%.분석 기사 • Jan 19Onde S.A.'s (WSE:OND) 25% Price Boost Is Out Of Tune With EarningsOnde S.A. ( WSE:OND ) shareholders would be excited to see that the share price has had a great month, posting a 25...Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł10.70, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 10x in the Construction industry in Poland. Total loss to shareholders of 32% over the past three years.분석 기사 • Dec 14Here's Why Onde (WSE:OND) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.10 (vs zł0.20 in 3Q 2023)Third quarter 2024 results: EPS: zł0.10 (down from zł0.20 in 3Q 2023). Revenue: zł227.7m (down 33% from 3Q 2023). Net income: zł5.34m (down 50% from 3Q 2023). Profit margin: 2.3% (down from 3.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.New Risk • Sep 18New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results.분석 기사 • Sep 18We Like The Quality Of Onde's (WSE:OND) EarningsOnde S.A.'s ( WSE:OND ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...Reported Earnings • Sep 11Second quarter 2024 earnings released: zł0.03 loss per share (vs zł0.32 profit in 2Q 2023)Second quarter 2024 results: zł0.03 loss per share (down from zł0.32 profit in 2Q 2023). Revenue: zł186.7m (down 41% from 2Q 2023). Net loss: zł1.50m (down 109% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year.New Risk • Jun 20New 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. This is currently the only risk that has been identified for the company.공시 • May 15Onde S.A. Decides Dividend Payment for the Year 2023Onde S.A. announced the general meeting of the company decided to allocate PLN 16.9 million (EUR 3.96 million) of its 2023 profit to the payment of a dividend, which translates into a PLN 0.31 (EUR 0.07) dividend per share.공시 • Apr 19Onde S.A., Annual General Meeting, May 14, 2024Onde S.A., Annual General Meeting, May 14, 2024, at 15:00 Central European Standard Time.공시 • Mar 28Onde S.A. Recommends DividendOnde is recommending to the general meeting to allocate PLN 16.9 million (EUR 3.9 million) or PLN 0.31 (EUR 0.07) per share from the 2023 profit to the payment of a dividend.공시 • Jan 10+ 3 more updatesOnde S.A. to Report First Half, 2024 Results on Sep 10, 2024Onde S.A. announced that they will report first half, 2024 results on Sep 10, 2024Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: zł0.20 (vs zł0.02 in 3Q 2022)Third quarter 2023 results: EPS: zł0.20 (up from zł0.02 in 3Q 2022). Revenue: zł338.1m (up 15% from 3Q 2022). Net income: zł10.7m (up zł9.70m from 3Q 2022). Profit margin: 3.2% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł12.38, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 59% over the past year.Reported Earnings • Sep 08Second quarter 2023 earnings released: EPS: zł0.32 (vs zł0.02 in 2Q 2022)Second quarter 2023 results: EPS: zł0.32 (up from zł0.02 in 2Q 2022). Revenue: zł317.9m (down 8.2% from 2Q 2022). Net income: zł17.4m (up zł16.2m from 2Q 2022). Profit margin: 5.5% (up from 0.3% in 2Q 2022). The increase in margin was driven by lower expenses.분석 기사 • Jun 22Investors Could Be Concerned With Onde's (WSE:OND) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...분석 기사 • Feb 14Capital Allocation Trends At Onde (WSE:OND) Aren't IdealFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improved over the past weekAfter last week's 33% share price gain to zł13.88, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 7x in the Construction industry in Poland. Total loss to shareholders of 22% over the past year.공시 • Jan 12+ 3 more updatesOnde S.A. to Report First Half, 2023 Results on Sep 06, 2023Onde S.A. announced that they will report first half, 2023 results on Sep 06, 2023Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: zł0.02 (vs zł0.23 in 3Q 2021)Third quarter 2022 results: EPS: zł0.02 (down from zł0.23 in 3Q 2021). Revenue: zł294.3m (down 14% from 3Q 2021). Net income: zł1.03m (down 91% from 3Q 2021). Profit margin: 0.3% (down from 3.5% in 3Q 2021). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł8.26, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 7x in the Construction industry in Poland. Total loss to shareholders of 67% over the past year.분석 기사 • Sep 07Onde (WSE:OND) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 20% share price gain to zł12.84, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 8x in the Construction industry in Poland.분석 기사 • May 19Onde (WSE:OND) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfOnde S.A.'s ( WSE:OND ) stock was strong after they reported robust earnings. However, our analysis suggests that...Reported Earnings • May 16First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł179.0m (down 22% from 1Q 2021). Net income: zł16.0k (up zł11.9m from 1Q 2021). Profit margin: 0% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses.Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to zł11.96, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 9x in the Construction industry in Poland.Reported Earnings • Apr 10Full year 2021 earnings released: EPS: zł0.92 (vs zł0.72 in FY 2020)Full year 2021 results: EPS: zł0.92 (up from zł0.72 in FY 2020). Revenue: zł1.22b (up 108% from FY 2020). Net income: zł46.2m (up 41% from FY 2020). Profit margin: 3.8% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to zł20.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 10x in the Construction industry in Poland.분석 기사 • Dec 07Onde S.A. (WSE:OND) Not Lagging Market On Growth Or PricingOnde S.A.'s ( WSE:OND ) price-to-earnings (or "P/E") ratio of 22.4x might make it look like a strong sell right now...이익 및 매출 성장 예측WSE:OND - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271,091N/AN/AN/A112/31/2026995N/AN/AN/A13/31/202680720-38-30N/A12/31/202586419-15-4N/A9/30/20258632726104N/A6/30/202582219-2649N/A3/31/20257927-766N/A12/31/20248043039109N/A9/30/2024828317780N/A6/30/202493837108112N/A3/31/20241,06956152154N/A12/31/20231,08433139144N/A9/30/20231,11228102102N/A6/30/20231,06818103104N/A3/31/20231,0972-32-29N/A12/31/20221,0937-80-78N/A9/30/20221,10920-41-33N/A6/30/20221,15631-181-173N/A3/31/20221,16758-172-164N/A12/31/20211,21746-142-136N/A9/30/20211,19445-168-165N/A6/30/202199443-27-25N/A3/31/2021750203839N/A12/31/2020586338687N/A12/31/201938114N/A40N/A12/31/20182648N/A-5N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: OND 의 예상 수익 증가율이 절약률(5.3%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: OND 의 수익이 Polish 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: OND 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: OND 의 수익(연간 16.4%)이 Polish 시장(연간 4.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: OND 의 수익(연간 16.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: OND의 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 분석2026/06/30 03:49종가2026/06/30 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스Onde S.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Piotr ZybalaPKO BP Securities
분석 기사 • May 20Onde's (WSE:OND) Solid Profits Have Weak FundamentalsOnde S.A. ( WSE:OND ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...
Reported Earnings • May 18First quarter 2026 earnings released: zł0.08 loss per share (vs zł0.10 loss in 1Q 2025)First quarter 2026 results: zł0.08 loss per share (improved from zł0.10 loss in 1Q 2025). Revenue: zł98.8m (down 37% from 1Q 2025). Net loss: zł4.52m (loss narrowed 20% from 1Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year.
Upcoming Dividend • May 11Upcoming dividend of zł0.31 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (4.3%).
공시 • Apr 21Onde S.A., Annual General Meeting, May 14, 2026Onde S.A., Annual General Meeting, May 14, 2026, at 15:00 Central European Standard Time.
Declared Dividend • Apr 20Dividend of zł0.31 announcedDividend of zł0.31 is the same as last year. Ex-date: 18th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share declined by 14% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range.
New Risk • Apr 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).
분석 기사 • Nov 14Onde's (WSE:OND) Shareholders Have More To Worry About Than Only Soft EarningsDespite Onde S.A.'s ( WSE:OND ) recent earnings report having lackluster headline numbers, the market responded...
Reported Earnings • Nov 10Third quarter 2025 earnings released: EPS: zł0.24 (vs zł0.098 in 3Q 2024)Third quarter 2025 results: EPS: zł0.24 (up from zł0.098 in 3Q 2024). Revenue: zł268.4m (up 18% from 3Q 2024). Net income: zł13.1m (up 145% from 3Q 2024). Profit margin: 4.9% (up from 2.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Nov 06Onde S.A. to Report Q3, 2025 Results on Nov 06, 2025Onde S.A. announced that they will report Q3, 2025 results on Nov 06, 2025
Reported Earnings • Sep 12Second quarter 2025 earnings released: EPS: zł0.19 (vs zł0.03 loss in 2Q 2024)Second quarter 2025 results: EPS: zł0.19 (up from zł0.03 loss in 2Q 2024). Revenue: zł217.1m (up 16% from 2Q 2024). Net income: zł10.6m (up zł12.1m from 2Q 2024). Profit margin: 4.9% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Aug 21Onde S.A. to Report First Half, 2025 Results on Sep 10, 2025Onde S.A. announced that they will report first half, 2025 results on Sep 10, 2025
Upcoming Dividend • May 19Upcoming dividend of zł0.31 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 30 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (6.9%). Lower than average of industry peers (4.9%).
Reported Earnings • May 14First quarter 2025 earnings released: zł0.10 loss per share (vs zł0.32 profit in 1Q 2024)First quarter 2025 results: zł0.10 loss per share (down from zł0.32 profit in 1Q 2024). Revenue: zł155.6m (down 7.4% from 1Q 2024). Net loss: zł5.62m (down 132% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year.
New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 3.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Declared Dividend • Apr 25Dividend of zł0.31 announcedDividend of zł0.31 is the same as last year. Ex-date: 26th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (43% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Apr 24Onde S.A., Annual General Meeting, May 22, 2025Onde S.A., Annual General Meeting, May 22, 2025.
분석 기사 • Apr 03Onde's (WSE:OND) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsOnde S.A.'s ( WSE:OND ) recent weak earnings report didn't cause a big stock movement. Our analysis suggests that along...
Buy Or Sell Opportunity • Mar 31Now 22% undervaluedOver the last 90 days, the stock has risen 9.2% to zł11.68. The fair value is estimated to be zł14.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 3.7%.
Reported Earnings • Mar 28Full year 2024 earnings released: EPS: zł0.56 (vs zł0.61 in FY 2023)Full year 2024 results: EPS: zł0.56 (down from zł0.61 in FY 2023). Revenue: zł803.9m (down 26% from FY 2023). Net income: zł30.3m (down 9.3% from FY 2023). Profit margin: 3.8% (up from 3.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
분석 기사 • Mar 19Is Onde (WSE:OND) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Buy Or Sell Opportunity • Feb 18Now 22% undervaluedOver the last 90 days, the stock has risen 11% to zł11.10. The fair value is estimated to be zł14.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 12%.
Buy Or Sell Opportunity • Jan 23Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to zł11.74. The fair value is estimated to be zł14.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.5% over the last 3 years. Earnings per share has declined by 12%.
분석 기사 • Jan 19Onde S.A.'s (WSE:OND) 25% Price Boost Is Out Of Tune With EarningsOnde S.A. ( WSE:OND ) shareholders would be excited to see that the share price has had a great month, posting a 25...
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł10.70, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 10x in the Construction industry in Poland. Total loss to shareholders of 32% over the past three years.
분석 기사 • Dec 14Here's Why Onde (WSE:OND) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: zł0.10 (vs zł0.20 in 3Q 2023)Third quarter 2024 results: EPS: zł0.10 (down from zł0.20 in 3Q 2023). Revenue: zł227.7m (down 33% from 3Q 2023). Net income: zł5.34m (down 50% from 3Q 2023). Profit margin: 2.3% (down from 3.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year.
New Risk • Sep 18New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results.
분석 기사 • Sep 18We Like The Quality Of Onde's (WSE:OND) EarningsOnde S.A.'s ( WSE:OND ) healthy profit numbers didn't contain any surprises for investors. We believe that shareholders...
Reported Earnings • Sep 11Second quarter 2024 earnings released: zł0.03 loss per share (vs zł0.32 profit in 2Q 2023)Second quarter 2024 results: zł0.03 loss per share (down from zł0.32 profit in 2Q 2023). Revenue: zł186.7m (down 41% from 2Q 2023). Net loss: zł1.50m (down 109% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year.
New Risk • Jun 20New 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. This is currently the only risk that has been identified for the company.
공시 • May 15Onde S.A. Decides Dividend Payment for the Year 2023Onde S.A. announced the general meeting of the company decided to allocate PLN 16.9 million (EUR 3.96 million) of its 2023 profit to the payment of a dividend, which translates into a PLN 0.31 (EUR 0.07) dividend per share.
공시 • Apr 19Onde S.A., Annual General Meeting, May 14, 2024Onde S.A., Annual General Meeting, May 14, 2024, at 15:00 Central European Standard Time.
공시 • Mar 28Onde S.A. Recommends DividendOnde is recommending to the general meeting to allocate PLN 16.9 million (EUR 3.9 million) or PLN 0.31 (EUR 0.07) per share from the 2023 profit to the payment of a dividend.
공시 • Jan 10+ 3 more updatesOnde S.A. to Report First Half, 2024 Results on Sep 10, 2024Onde S.A. announced that they will report first half, 2024 results on Sep 10, 2024
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: zł0.20 (vs zł0.02 in 3Q 2022)Third quarter 2023 results: EPS: zł0.20 (up from zł0.02 in 3Q 2022). Revenue: zł338.1m (up 15% from 3Q 2022). Net income: zł10.7m (up zł9.70m from 3Q 2022). Profit margin: 3.2% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł12.38, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 59% over the past year.
Reported Earnings • Sep 08Second quarter 2023 earnings released: EPS: zł0.32 (vs zł0.02 in 2Q 2022)Second quarter 2023 results: EPS: zł0.32 (up from zł0.02 in 2Q 2022). Revenue: zł317.9m (down 8.2% from 2Q 2022). Net income: zł17.4m (up zł16.2m from 2Q 2022). Profit margin: 5.5% (up from 0.3% in 2Q 2022). The increase in margin was driven by lower expenses.
분석 기사 • Jun 22Investors Could Be Concerned With Onde's (WSE:OND) Returns On CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
분석 기사 • Feb 14Capital Allocation Trends At Onde (WSE:OND) Aren't IdealFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Valuation Update With 7 Day Price Move • Jan 16Investor sentiment improved over the past weekAfter last week's 33% share price gain to zł13.88, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 7x in the Construction industry in Poland. Total loss to shareholders of 22% over the past year.
공시 • Jan 12+ 3 more updatesOnde S.A. to Report First Half, 2023 Results on Sep 06, 2023Onde S.A. announced that they will report first half, 2023 results on Sep 06, 2023
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: zł0.02 (vs zł0.23 in 3Q 2021)Third quarter 2022 results: EPS: zł0.02 (down from zł0.23 in 3Q 2021). Revenue: zł294.3m (down 14% from 3Q 2021). Net income: zł1.03m (down 91% from 3Q 2021). Profit margin: 0.3% (down from 3.5% in 3Q 2021). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł8.26, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 7x in the Construction industry in Poland. Total loss to shareholders of 67% over the past year.
분석 기사 • Sep 07Onde (WSE:OND) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improved over the past weekAfter last week's 20% share price gain to zł12.84, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 8x in the Construction industry in Poland.
분석 기사 • May 19Onde (WSE:OND) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfOnde S.A.'s ( WSE:OND ) stock was strong after they reported robust earnings. However, our analysis suggests that...
Reported Earnings • May 16First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł179.0m (down 22% from 1Q 2021). Net income: zł16.0k (up zł11.9m from 1Q 2021). Profit margin: 0% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses.
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 21% share price decline to zł11.96, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 9x in the Construction industry in Poland.
Reported Earnings • Apr 10Full year 2021 earnings released: EPS: zł0.92 (vs zł0.72 in FY 2020)Full year 2021 results: EPS: zł0.92 (up from zł0.72 in FY 2020). Revenue: zł1.22b (up 108% from FY 2020). Net income: zł46.2m (up 41% from FY 2020). Profit margin: 3.8% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 21% share price gain to zł20.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 10x in the Construction industry in Poland.
분석 기사 • Dec 07Onde S.A. (WSE:OND) Not Lagging Market On Growth Or PricingOnde S.A.'s ( WSE:OND ) price-to-earnings (or "P/E") ratio of 22.4x might make it look like a strong sell right now...