New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.6% 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 Risks Earnings have declined by 1.4% per year over the past 5 years. Market cap is less than US$10m (zł29.0m market cap, or US$7.88m). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (zł17m revenue, or US$4.5m). New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 Risks Earnings have declined by 1.4% per year over the past 5 years. Market cap is less than US$10m (zł29.2m market cap, or US$8.04m). Minor Risk Revenue is less than US$5m (zł17m revenue, or US$4.6m). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł18.60, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 17x in the Specialty Retail industry in Poland. Total loss to shareholders of 65% over the past three years. 공시 • Nov 12
Gamivo S.A. to Report Q3, 2025 Results on Nov 14, 2025 Gamivo S.A. announced that they will report Q3, 2025 results at 8:30 AM, Central European Standard Time on Nov 14, 2025 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.4% 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 Market cap is less than US$10m (zł31.6m market cap, or US$8.49m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (zł17m revenue, or US$4.6m). Buy Or Sell Opportunity • Apr 29
Now 20% undervalued Over the last 90 days, the stock has risen 11% to zł15.95. The fair value is estimated to be zł20.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 7.0%. 공시 • Apr 19
Gamivo S.A. announces Annual dividend, payable on June 20, 2025 Gamivo S.A. announced Annual dividend of PLN 1.8767 per share payable on June 20, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. 공시 • Apr 18
Gamivo S.A., Annual General Meeting, May 22, 2025 Gamivo S.A., Annual General Meeting, May 22, 2025. Buy Or Sell Opportunity • Apr 01
Now 20% undervalued Over the last 90 days, the stock has risen 12% to zł15.85. The fair value is estimated to be zł19.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 7.0%. Reported Earnings • Mar 25
Full year 2024 earnings released Full year 2024 results: Revenue: zł17.2m (down 57% from FY 2023). Net income: zł5.49m (down 37% from FY 2023). Profit margin: 32% (up from 22% in FY 2023). The increase in margin was driven by lower expenses. 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 27% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł16.55, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 12x in the Specialty Retail industry in Poland. Total loss to shareholders of 53% over the past three years. New Risk • Nov 24
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: zł19m (US$4.5m) This is considered a minor risk. Companies with a small amount of revenue 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: Major Risk Market cap is less than US$10m (zł27.2m market cap, or US$6.54m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (zł19m revenue, or US$4.5m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł4.01m (down 62% from 2Q 2023). Net income: zł939.8k (down 39% from 2Q 2023). Profit margin: 23% (up from 15% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (zł36.2m market cap, or US$9.18m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. 공시 • Apr 26
Gamivo S.A., Annual General Meeting, May 21, 2024 Gamivo S.A., Annual General Meeting, May 21, 2024, at 12:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to zł21.60, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 15x in the Specialty Retail industry in Poland. Total loss to shareholders of 60% over the past year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł16.90, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 16x in the Specialty Retail industry in Poland. Total loss to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł14.50, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 15x in the Specialty Retail industry in Poland. Total loss to shareholders of 74% over the past year. New Risk • Dec 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł46.3m (US$11.5m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 120% Market cap is less than US$10m (zł46.3m market cap, or US$11.5m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to zł16.00, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 16x in the Specialty Retail industry in Poland. Total loss to shareholders of 61% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to zł30.40, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 14x in the Specialty Retail industry in Poland. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to zł39.80, the stock trades at a trailing P/E ratio of 7.9x. Average forward P/E is 12x in the Specialty Retail industry in Poland. Total returns to shareholders of 17% over the past year. Buying Opportunity • Sep 20
Now 20% undervalued Over the last 90 days, the stock is up 10.0%. The fair value is estimated to be zł69.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last year. Earnings per share has grown by 53%. Buying Opportunity • Aug 21
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be zł67.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last year. Earnings per share has grown by 53%. Reported Earnings • Aug 20
Second quarter 2023 earnings released: EPS: zł0.76 (vs zł1.43 in 2Q 2022) Second quarter 2023 results: EPS: zł0.76 (down from zł1.43 in 2Q 2022). Revenue: zł10.5m (down 2.5% from 2Q 2022). Net income: zł1.54m (down 47% from 2Q 2022). Profit margin: 15% (down from 27% in 2Q 2022). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł53.00, the stock trades at a trailing P/E ratio of 9.3x. Average forward P/E is 13x in the Specialty Retail industry in Poland. Total returns to shareholders of 18% over the past year. Buying Opportunity • Jun 28
Now 58% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be zł116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has grown by 85%. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł12.4m (up 21% from 1Q 2022). Net income: zł3.51m (up 124% from 1Q 2022). Profit margin: 28% (up from 15% in 1Q 2022). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł130, the stock trades at a trailing P/E ratio of 13.7x. Average forward P/E is 12x in the Specialty Retail industry in Poland. Total returns to shareholders of 51% over the past year.