View Future GrowthBEST 과거 순이익 실적과거 기준 점검 4/6BEST은 연평균 5.8%의 비율로 수입이 증가해 온 반면, Commercial Services 산업은 수입이 0.8% 증가했습니다. 매출은 연평균 15.3%의 비율로 증가했습니다. BEST의 자기자본이익률은 11%이고 순이익률은 23.6%입니다.핵심 정보5.82%순이익 성장률2.98%주당순이익(EPS) 성장률Commercial Services 산업 성장률25.32%매출 성장률15.32%자기자본이익률11.01%순이익률23.57%다음 순이익 업데이트08 Sep 2026최근 과거 실적 업데이트분석 기사 • May 29We Think That There Are Some Issues For BEST (WSE:BST) Beyond Its Promising EarningsBEST S.A. ( WSE:BST ) just released a solid earnings report, and the stock displayed some strength. However, we think...Reported Earnings • May 24First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł144.5m (up 68% from 1Q 2025). Net income: zł37.8m (up zł33.4m from 1Q 2025). Profit margin: 26% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue.분석 기사 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...공고 • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025공고 • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025분석 기사 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...모든 업데이트 보기Recent updates공고 • Jun 02BEST S.A., Annual General Meeting, Jun 30, 2026BEST S.A., Annual General Meeting, Jun 30, 2026, at 12:00 Central European Standard Time.분석 기사 • May 29We Think That There Are Some Issues For BEST (WSE:BST) Beyond Its Promising EarningsBEST S.A. ( WSE:BST ) just released a solid earnings report, and the stock displayed some strength. However, we think...Reported Earnings • May 24First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł144.5m (up 68% from 1Q 2025). Net income: zł37.8m (up zł33.4m from 1Q 2025). Profit margin: 26% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue.New Risk • Apr 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 32% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding).분석 기사 • Dec 30Optimistic Investors Push BEST S.A. (WSE:BST) Shares Up 27% But Growth Is LackingBEST S.A. ( WSE:BST ) shareholders would be excited to see that the share price has had a great month, posting a 27...Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total returns to shareholders of 55% over the past three years.분석 기사 • Dec 18BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...분석 기사 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...공고 • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).공고 • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł32.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 37% over the past three years.분석 기사 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 483% 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: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results.New Risk • Nov 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.분석 기사 • Oct 16Lacklustre Performance Is Driving BEST S.A.'s (WSE:BST) Low P/EBEST S.A.'s ( WSE:BST ) price-to-earnings (or "P/E") ratio of 9.2x might make it look like a buy right now compared to...New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding).New Risk • Jun 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).공고 • May 25BEST S.A., Annual General Meeting, Jun 18, 2024BEST S.A., Annual General Meeting, Jun 18, 2024.분석 기사 • Apr 13Earnings Troubles May Signal Larger Issues for BEST (WSE:BST) ShareholdersA lackluster earnings announcement from BEST S.A. ( WSE:BST ) last week didn't sink the stock price. However, we...New Risk • Apr 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).공고 • Jan 28+ 3 more updatesBEST S.A. to Report Q3, 2024 Results on Nov 15, 2024BEST S.A. announced that they will report Q3, 2024 results on Nov 15, 2024분석 기사 • Jan 03BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Dec 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).New Risk • Oct 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).New Risk • Sep 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).공고 • Jul 23BEST S.A. (WSE:BST) announces an Equity Buyback for 151,515 shares, representing 0.68% for PLN 5 million.BEST S.A. (WSE:BST) announces a share repurchase program. Under the program, the company will repurchase up to 151,515 shares, representing 0.68% of share capital for PLN 5 million. The shares will be repurchased at a price of PLN 33 per share. The purpose of the repurchase program is to redeem them and reduce the company's share capital or to offer them for purchase to employees or persons who have been employed in the company or a company related to it for at least three years. The offer is valid till July 31, 2023.New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 8.8% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to zł24.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 33% over the past three years.Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł6.42 (vs zł1.19 in FY 2021)Full year 2022 results: EPS: zł6.42 (up from zł1.19 in FY 2021). Revenue: zł453.6m (up 85% from FY 2021). Net income: zł143.0m (up 422% from FY 2021). Profit margin: 32% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 14Now 25% undervaluedOver the last 90 days, the stock is up 5.5%. The fair value is estimated to be zł28.13, 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 57%.분석 기사 • Mar 13BEST (WSE:BST) Ticks All The Boxes When It Comes To Earnings GrowthFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Buying Opportunity • Feb 23Now 22% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł28.06, 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 57%.분석 기사 • Feb 10BEST (WSE:BST) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł24.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 3.4% over the past three years.공고 • Jan 31+ 3 more updatesBEST S.A. to Report Fiscal Year 2022 Results on Apr 05, 2023BEST S.A. announced that they will report fiscal year 2022 results on Apr 05, 2023Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł76.4m (up 1.7% from 3Q 2021). Net loss: zł3.50m (down 120% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł201.9m (up 109% from 2Q 2021). Net income: zł111.3m (up 418% from 2Q 2021). Profit margin: 55% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue.공고 • Jun 07BEST S.A., Annual General Meeting, Jun 29, 2022BEST S.A., Annual General Meeting, Jun 29, 2022, at 10:00 Central European Standard Time.분석 기사 • Apr 16BEST (WSE:BST) Will Be Looking To Turn Around Its ReturnsWhat underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...공고 • Apr 06BEST S.A. to Report Fiscal Year 2021 Results on Apr 12, 2022BEST S.A. announced that they will report fiscal year 2021 results on Apr 12, 2022공고 • Jan 30+ 3 more updatesBEST S.A. to Report Q1, 2022 Results on May 24, 2022BEST S.A. announced that they will report Q1, 2022 results on May 24, 2022분석 기사 • Dec 21BEST (WSE:BST) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...분석 기사 • Apr 18Some Investors May Be Worried About BEST's (WSE:BST) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...분석 기사 • Feb 24Is BEST (WSE:BST) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공고 • Jan 30+ 3 more updatesBEST S.A. to Report Q2, 2021 Results on Sep 15, 2021BEST S.A. announced that they will report Q2, 2021 results on Sep 15, 2021분석 기사 • Jan 21BEST's (WSE:BST) Shareholders Are Down 37% On Their SharesWhile not a mind-blowing move, it is good to see that the BEST S.A. ( WSE:BST ) share price has gained 12% in the last...Is New 90 Day High Low • Dec 30New 90-day high: zł19.00The company is up 9.0% from its price of zł17.50 on 30 September 2020. The Polish market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.분석 기사 • Dec 08The Returns At BEST (WSE:BST) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total profits of zł5.82m, down 85% from the prior year. Total revenue was zł218.6m over the last 12 months, up 1.3% from the prior year.매출 및 비용 세부 내역BEST가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이WSE:BST 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비31 Mar 26553130-4031 Dec 2549597-1030 Sep 2544084-4030 Jun 2538493-24031 Mar 2532987-25031 Dec 24319103-35030 Sep 2430363-10030 Jun 2429956-3031 Mar 2429256-15031 Dec 2328750-15030 Sep 2328861-39030 Jun 2328234-24031 Mar 23273133-141031 Dec 22264142-149030 Sep 22250121-155030 Jun 22241143-164031 Mar 2224853-53031 Dec 2124549-51030 Sep 2123589-67030 Jun 2124651-54031 Mar 2124644-28031 Dec 2025034-14030 Sep 20221-3829030 Jun 20219529031 Mar 202211029031 Dec 192221930030 Sep 192324730030 Jun 192163930031 Mar 192003331001 Jan 191903231030 Sep 182085630030 Jun 182185829031 Mar 182186827001 Jan 181995524030 Sep 171981621030 Jun 171862518031 Mar 171901016031 Dec 162103814030 Sep 162068912030 Jun 161788811031 Mar 161641029031 Dec 15141828030 Sep 151368470양질의 수익: BST는 고품질 수익을 보유하고 있습니다.이익 마진 증가: BST의 현재 순 이익률 (23.6%)은 지난해 (26.5%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BST의 수익은 지난 5년 동안 연평균 5.8% 증가했습니다.성장 가속화: 지난 1년간 BST 의 수익 증가율(49.2%)은 연간 평균(5.8%)을 초과합니다.수익 대 산업: BST의 지난 1년 수익 증가율(49.2%)은 Commercial Services 업계의 -5.8%를 상회했습니다.자기자본이익률높은 ROE: BST의 자본 수익률(11%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCommercial-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/16 07:21종가2026/08/14 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 소스BEST S.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
분석 기사 • May 29We Think That There Are Some Issues For BEST (WSE:BST) Beyond Its Promising EarningsBEST S.A. ( WSE:BST ) just released a solid earnings report, and the stock displayed some strength. However, we think...
Reported Earnings • May 24First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł144.5m (up 68% from 1Q 2025). Net income: zł37.8m (up zł33.4m from 1Q 2025). Profit margin: 26% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue.
분석 기사 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...
공고 • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025
공고 • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025
분석 기사 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
공고 • Jun 02BEST S.A., Annual General Meeting, Jun 30, 2026BEST S.A., Annual General Meeting, Jun 30, 2026, at 12:00 Central European Standard Time.
분석 기사 • May 29We Think That There Are Some Issues For BEST (WSE:BST) Beyond Its Promising EarningsBEST S.A. ( WSE:BST ) just released a solid earnings report, and the stock displayed some strength. However, we think...
Reported Earnings • May 24First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: zł144.5m (up 68% from 1Q 2025). Net income: zł37.8m (up zł33.4m from 1Q 2025). Profit margin: 26% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue.
New Risk • Apr 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 32% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (26% increase in shares outstanding).
분석 기사 • Dec 30Optimistic Investors Push BEST S.A. (WSE:BST) Shares Up 27% But Growth Is LackingBEST S.A. ( WSE:BST ) shareholders would be excited to see that the share price has had a great month, posting a 27...
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to zł30.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total returns to shareholders of 55% over the past three years.
분석 기사 • Dec 18BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
분석 기사 • Nov 27BEST's (WSE:BST) Solid Earnings May Rest On Weak FoundationsThe stock price didn't jump after BEST S.A. ( WSE:BST ) posted decent earnings last week. We think that investors might...
공고 • Nov 15BEST S.A. to Report Q3, 2025 Results on Nov 20, 2025BEST S.A. announced that they will report Q3, 2025 results on Nov 20, 2025
New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding).
공고 • Aug 21BEST S.A. to Report First Half, 2025 Results on Sep 18, 2025BEST S.A. announced that they will report first half, 2025 results on Sep 18, 2025
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 19%After last week's 19% share price gain to zł32.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 37% over the past three years.
분석 기사 • Apr 03BEST's (WSE:BST) Promising Earnings May Rest On Soft FoundationsBEST S.A.'s ( WSE:BST ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 483% 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: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results.
New Risk • Nov 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
분석 기사 • Oct 16Lacklustre Performance Is Driving BEST S.A.'s (WSE:BST) Low P/EBEST S.A.'s ( WSE:BST ) price-to-earnings (or "P/E") ratio of 9.2x might make it look like a buy right now compared to...
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (19% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding).
New Risk • Jun 11New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).
New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (19% net profit margin).
공고 • May 25BEST S.A., Annual General Meeting, Jun 18, 2024BEST S.A., Annual General Meeting, Jun 18, 2024.
분석 기사 • Apr 13Earnings Troubles May Signal Larger Issues for BEST (WSE:BST) ShareholdersA lackluster earnings announcement from BEST S.A. ( WSE:BST ) last week didn't sink the stock price. However, we...
New Risk • Apr 06New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin).
공고 • Jan 28+ 3 more updatesBEST S.A. to Report Q3, 2024 Results on Nov 15, 2024BEST S.A. announced that they will report Q3, 2024 results on Nov 15, 2024
분석 기사 • Jan 03BEST (WSE:BST) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Dec 01New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Profit margins are more than 30% lower than last year (21% net profit margin).
New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
New Risk • Oct 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
New Risk • Sep 14New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin).
공고 • Jul 23BEST S.A. (WSE:BST) announces an Equity Buyback for 151,515 shares, representing 0.68% for PLN 5 million.BEST S.A. (WSE:BST) announces a share repurchase program. Under the program, the company will repurchase up to 151,515 shares, representing 0.68% of share capital for PLN 5 million. The shares will be repurchased at a price of PLN 33 per share. The purpose of the repurchase program is to redeem them and reduce the company's share capital or to offer them for purchase to employees or persons who have been employed in the company or a company related to it for at least three years. The offer is valid till July 31, 2023.
New Risk • Jul 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 8.8% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 24%After last week's 24% share price gain to zł24.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total returns to shareholders of 33% over the past three years.
Reported Earnings • Apr 06Full year 2022 earnings released: EPS: zł6.42 (vs zł1.19 in FY 2021)Full year 2022 results: EPS: zł6.42 (up from zł1.19 in FY 2021). Revenue: zł453.6m (up 85% from FY 2021). Net income: zł143.0m (up 422% from FY 2021). Profit margin: 32% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 14Now 25% undervaluedOver the last 90 days, the stock is up 5.5%. The fair value is estimated to be zł28.13, 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 57%.
분석 기사 • Mar 13BEST (WSE:BST) Ticks All The Boxes When It Comes To Earnings GrowthFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Buying Opportunity • Feb 23Now 22% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be zł28.06, 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 57%.
분석 기사 • Feb 10BEST (WSE:BST) Is Achieving High Returns On Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improves as stock rises 21%After last week's 21% share price gain to zł24.60, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 3.4% over the past three years.
공고 • Jan 31+ 3 more updatesBEST S.A. to Report Fiscal Year 2022 Results on Apr 05, 2023BEST S.A. announced that they will report fiscal year 2022 results on Apr 05, 2023
Reported Earnings • Nov 23Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł76.4m (up 1.7% from 3Q 2021). Net loss: zł3.50m (down 120% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 07Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: zł201.9m (up 109% from 2Q 2021). Net income: zł111.3m (up 418% from 2Q 2021). Profit margin: 55% (up from 22% in 2Q 2021). The increase in margin was driven by higher revenue.
공고 • Jun 07BEST S.A., Annual General Meeting, Jun 29, 2022BEST S.A., Annual General Meeting, Jun 29, 2022, at 10:00 Central European Standard Time.
분석 기사 • Apr 16BEST (WSE:BST) Will Be Looking To Turn Around Its ReturnsWhat underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...
공고 • Apr 06BEST S.A. to Report Fiscal Year 2021 Results on Apr 12, 2022BEST S.A. announced that they will report fiscal year 2021 results on Apr 12, 2022
공고 • Jan 30+ 3 more updatesBEST S.A. to Report Q1, 2022 Results on May 24, 2022BEST S.A. announced that they will report Q1, 2022 results on May 24, 2022
분석 기사 • Dec 21BEST (WSE:BST) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
분석 기사 • Apr 18Some Investors May Be Worried About BEST's (WSE:BST) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
분석 기사 • Feb 24Is BEST (WSE:BST) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공고 • Jan 30+ 3 more updatesBEST S.A. to Report Q2, 2021 Results on Sep 15, 2021BEST S.A. announced that they will report Q2, 2021 results on Sep 15, 2021
분석 기사 • Jan 21BEST's (WSE:BST) Shareholders Are Down 37% On Their SharesWhile not a mind-blowing move, it is good to see that the BEST S.A. ( WSE:BST ) share price has gained 12% in the last...
Is New 90 Day High Low • Dec 30New 90-day high: zł19.00The company is up 9.0% from its price of zł17.50 on 30 September 2020. The Polish market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period.
분석 기사 • Dec 08The Returns At BEST (WSE:BST) Provide Us With Signs Of What's To ComeWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Sep 18First half earnings releasedOver the last 12 months the company has reported total profits of zł5.82m, down 85% from the prior year. Total revenue was zł218.6m over the last 12 months, up 1.3% from the prior year.