Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: zł0.39 (vs zł0.34 in FY 2024) Full year 2025 results: EPS: zł0.39 (up from zł0.34 in FY 2024). Revenue: zł8.82m (up 10% from FY 2024). Net income: zł1.14m (up 13% from FY 2024). Profit margin: 13% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł2.19m (up 4.3% from 3Q 2024). Net income: zł150.8k (down 36% from 3Q 2024). Profit margin: 6.9% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. 공시 • Nov 13
EDITEL Polska S.A. to Report Q3, 2025 Results on Nov 14, 2025 EDITEL Polska S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł6.05, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 21x in the Software industry in Poland. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Jul 16
Upcoming dividend of zł0.44 per share Eligible shareholders must have bought the stock before 23 July 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł4.86, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 21% over the past three years. 공시 • Jun 13
EDITEL Polska S.A. announces Annual dividend, payable on August 07, 2025 EDITEL Polska S.A. announced Annual dividend of PLN 0.4400 per share payable on August 07, 2025, ex-date on July 23, 2025 and record date on July 24, 2025. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł4.46, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 19x in the Software industry in Poland. Total returns to shareholders of 3.1% over the past three years. New Risk • May 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Risks High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (zł13.0m market cap, or US$3.48m). Minor Risks Dividend is not well covered by cash flows (138% cash payout ratio). Revenue is less than US$5m (zł8.2m revenue, or US$2.2m). 공시 • May 28
EDITEL Polska S.A., Annual General Meeting, Jun 24, 2025 EDITEL Polska S.A., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to zł4.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 19x in the Software industry in Poland. Total loss to shareholders of 2.5% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to zł4.20, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 17x in the Software industry in Poland. Total loss to shareholders of 11% over the past three years. Buy Or Sell Opportunity • Mar 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to zł3.34. The fair value is estimated to be zł4.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 2.6%. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł3.46, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Software industry in Poland. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to zł4.30, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 16x in the Software industry in Poland. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł4.70, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 14x in the Software industry in Poland. Total loss to shareholders of 21% over the past three years. New Risk • Nov 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 Risks High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (zł14.5m market cap, or US$3.55m). Minor Risk Revenue is less than US$5m (zł8.4m revenue, or US$2.1m). Buy Or Sell Opportunity • Sep 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to zł5.20. The fair value is estimated to be zł6.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł4.90, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 19x in the Software industry in Poland. Total loss to shareholders of 20% over the past three years. Buy Or Sell Opportunity • Sep 05
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to zł4.90. The fair value is estimated to be zł6.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł1.89m (up 9.5% from 2Q 2023). Net loss: zł38.4k (down 129% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł5.60, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 20x in the Software industry in Poland. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł4.58, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 20x in the Software industry in Poland. Total returns to shareholders of 40% over the past three years. Buy Or Sell Opportunity • Jul 30
Now 32% undervalued Over the last 90 days, the stock has risen 1.3% to zł4.60. The fair value is estimated to be zł6.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jul 01
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at zł5.20. The fair value is estimated to be zł6.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jun 12
Now 20% undervalued Over the last 90 days, the stock has risen 15% to zł5.40. The fair value is estimated to be zł6.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 7.4%. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to zł6.10, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 18x in the Software industry in Poland. Total returns to shareholders of 61% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł1.90m (up 10% from 1Q 2023). Net income: zł214.3k (up 62% from 1Q 2023). Profit margin: 11% (up from 7.7% in 1Q 2023). The increase in margin was driven by higher revenue. 공시 • May 15
EDITEL Polska S.A., Annual General Meeting, Jun 11, 2024 EDITEL Polska S.A., Annual General Meeting, Jun 11, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0.36 (vs zł0.32 in FY 2022) Full year 2023 results: EPS: zł0.36 (up from zł0.32 in FY 2022). Revenue: zł7.63m (up 8.0% from FY 2022). Net income: zł1.07m (up 13% from FY 2022). Profit margin: 14% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł4.80, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 27x in the Software industry in Poland. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 56% After last week's 56% share price gain to zł6.00, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 148% over the past three years. New Risk • Nov 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Risks Shares are highly illiquid. High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (zł11.3m market cap, or US$2.83m). Minor Risk Revenue is less than US$5m (zł7.0m revenue, or US$1.7m). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to zł3.94, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 63% over the past three years. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: zł0.045 (vs zł0.099 in 2Q 2022) Second quarter 2023 results: EPS: zł0.045 (down from zł0.099 in 2Q 2022). Revenue: zł1.72m (down 6.5% from 2Q 2022). Net income: zł132.5k (down 55% from 2Q 2022). Profit margin: 7.7% (down from 16% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł4.96, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł5.80, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 21x in the Software industry in Poland. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł4.16, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 21x in the Software industry in Poland. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to zł5.05, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 65% over the past three years. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł1.72m (down 8.8% from 1Q 2022). Net income: zł132.3k (down 65% from 1Q 2022). Profit margin: 7.7% (down from 20% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. 공시 • May 11
Edison S.A., Annual General Meeting, Jun 06, 2023 Edison S.A., Annual General Meeting, Jun 06, 2023, at 15:30 Central European Standard Time. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł6.70, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł6.20, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Software industry in Poland. Total returns to shareholders of 182% over the past three years. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: zł0.32 (vs zł0.34 in FY 2021) Full year 2022 results: EPS: zł0.32 (down from zł0.34 in FY 2021). Revenue: zł7.07m (up 6.8% from FY 2021). Net income: zł951.1k (down 3.8% from FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 39% per year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł5.50, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 18x in the Software industry in Poland. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 19% share price gain to zł3.80, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 79% over the past three years. 공시 • Jun 02
Edison S.A., Annual General Meeting, Jun 28, 2022 Edison S.A., Annual General Meeting, Jun 28, 2022, at 16:00 Central European Standard Time. Buying Opportunity • Apr 08
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be zł7.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 20% share price gain to zł4.80, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 20x in the Software industry in Poland. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 32% share price decline to zł4.10, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 18x in the Software industry in Poland. Total returns to shareholders of 63% over the past three years. Buying Opportunity • Mar 07
Now 35% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be zł7.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% per annum over the last 3 years. The company has become profitable over the last 3 years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 19x in the Software industry in Poland. Total returns to shareholders of 175% over the past three years. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.33 (up from zł0.27 in FY 2020). Revenue: zł6.62m (up 13% from FY 2020). Net income: zł977.1k (up 22% from FY 2020). Profit margin: 15% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 09
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be zł8.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company has become profitable over the last 3 years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improved over the past week After last week's 17% share price gain to zł6.80, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 215% over the past three years. Buying Opportunity • Jan 24
Now 22% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be zł8.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company has become profitable over the last 3 years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 20% share price decline to zł6.10, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 19x in the Software industry in Poland. Total returns to shareholders of 510% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł4.88, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 15x in the Software industry in Poland. Total returns to shareholders of 408% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł1.63m (up 18% from 3Q 2020). Net income: zł193.0k (up 56% from 3Q 2020). Profit margin: 12% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 82% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 31% share price gain to zł6.75, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 477% over the past three years. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.40, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 363% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.98, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Software industry in Poland. Total returns to shareholders of 419% over the past three years. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improved over the past week After last week's 88% share price gain to zł7.60, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 19x in the Software industry in Poland. Total returns to shareholders of 533% over the past three years. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 21% share price gain to zł3.94, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 30x in the Software industry in Poland. Total returns to shareholders of 107% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: zł1.58m (up 8.5% from 1Q 2020). Net income: zł316.2k (up 10% from 1Q 2020). Profit margin: 20% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorated over the past week After last week's 23% share price decline to zł3.98, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 29x in the Software industry in Poland. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 22% share price gain to zł7.30, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 28x in the Software industry in Poland. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 19% share price gain to zł5.95, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 25x in the Software industry in Poland. Total returns to shareholders of 198% over the past three years. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS zł0.26 (vs zł0.035 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł5.84m (down 1.4% from FY 2019). Net income: zł780.2k (up zł883.1k from FY 2019). Profit margin: 13% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 03
New 90-day high: zł3.40 The company is up 40% from its price of zł2.42 on 03 November 2020. The Polish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 21% share price gain to zł3.40, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 19x in the Software industry in Poland. Total returns to shareholders over the past three years are 70%.