View Future GrowthA.P.N. Promise 과거 순이익 실적과거 기준 점검 3/6A.P.N. Promise은 연평균 40.7%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 15.4% 증가했습니다. 매출은 연평균 13%의 비율로 증가했습니다. A.P.N. Promise의 자기자본이익률은 24.7%이고 순이익률은 0.7%입니다.핵심 정보40.69%순이익 성장률38.34%주당순이익(EPS) 성장률IT 산업 성장률15.41%매출 성장률12.97%자기자본이익률24.67%순이익률0.74%다음 순이익 업데이트01 Jun 2026최근 과거 실적 업데이트Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025분석 기사 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...분석 기사 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł10.60, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 14x in the IT industry in Poland. Total returns to shareholders of 213% over the past three years.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.35, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 140% over the past three years.New Risk • Mar 05New 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 11% 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 (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł88.9m market cap, or US$24.1m).Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł8.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 193% over the past three years.분석 기사 • Feb 13Here's Why A.P.N. Promise (WSE:PRO) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł7.90, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 123% over the past three years.Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025분석 기사 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.1% 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 Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (zł91.1m market cap, or US$24.9m).New Risk • Aug 20New 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 9.6% 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 (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł91.1m market cap, or US$25.0m).Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł9.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 158% over the past three years.New Risk • Jul 21New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (zł83.2m market cap, or US$22.8m).분석 기사 • Jul 12Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł8.45, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 129% over the past three years.Upcoming Dividend • Jul 10Upcoming dividend of zł0.64 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 24 July 2025. Trailing yield: 1.3%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 94% over the past three years.Declared Dividend • Jun 02Dividend of zł0.64 announcedShareholders will receive a dividend of zł0.64. Ex-date: 17th July 2025 Payment date: 24th July 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.6%. Sustainability & Growth공시 • Jun 01A.P.N. Promise S.A. announces Annual dividend, payable on July 24, 2025A.P.N. Promise S.A. announced Annual dividend of PLN 0.6400 per share payable on July 24, 2025, ex-date on July 17, 2025 and record date on July 18, 2025.분석 기사 • May 08Market Might Still Lack Some Conviction On A.P.N. Promise S.A. (WSE:PRO) Even After 30% Share Price BoostA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...New Risk • Apr 05New 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 12% 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (zł60.4m market cap, or US$15.5m).Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to zł5.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 41% over the past three years.분석 기사 • Feb 27A Piece Of The Puzzle Missing From A.P.N. Promise S.A.'s (WSE:PRO) 30% Share Price ClimbA.P.N. Promise S.A. ( WSE:PRO ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 5.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (zł66.1m market cap, or US$16.6m).Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 25%After last week's 25% share price gain to zł7.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 86% over the past three years.분석 기사 • Oct 17Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł6.55, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 66% over the past three years.분석 기사 • Sep 20Market Cool On A.P.N. Promise S.A.'s (WSE:PRO) Earnings Pushing Shares 26% LowerA.P.N. Promise S.A. ( WSE:PRO ) shareholders won't be pleased to see that the share price has had a very rough month...Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years.분석 기사 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...New Risk • Aug 21New 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 9.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (zł77.5m market cap, or US$20.2m).Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 168% over the past three years.분석 기사 • Jun 06A.P.N. Promise S.A.'s (WSE:PRO) Shares Leap 26% Yet They're Still Not Telling The Full StoryA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...공시 • Jun 05A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024.Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł5.70, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 51% over the past three years.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł4.70, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 13x in the IT industry in Poland. Total loss to shareholders of 2.3% over the past three years.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 26%After last week's 26% share price gain to zł5.60, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 27% over the past three years.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.24 (vs zł0.24 in FY 2022)Full year 2023 results: EPS: zł0.24 (down from zł0.24 in FY 2022). Revenue: zł920.2m (up 17% from FY 2022). Net income: zł2.71m (down 1.5% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). 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 but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł4.98, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 9.8% over the past three years.분석 기사 • Jan 28Investors Appear Satisfied With A.P.N. Promise S.A.'s (WSE:PRO) ProspectsWith a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...공시 • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2024 Results on Nov 14, 2024A.P.N. Promise S.A. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł163.7m (down 16% from 3Q 2022). Net loss: zł10.0k (loss narrowed 94% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). 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 fallen by 7% per year, which means it is significantly lagging earnings.New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (zł45.1m market cap, or US$11.0m).Reported Earnings • Aug 16Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł174.0m (up 11% from 2Q 2022). Net income: zł1.81m (up 123% from 2Q 2022). Profit margin: 1.0% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue.공시 • Jun 04A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023, at 12:00 Central European Standard Time.분석 기사 • Feb 18Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.18 (vs zł0.18 in FY 2021)Full year 2022 results: EPS: zł0.18 (up from zł0.18 in FY 2021). Revenue: zł783.8m (up 7.3% from FY 2021). Net income: zł1.85m (up 2.6% from FY 2021). Profit margin: 0.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공시 • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2023 Results on Nov 14, 2023A.P.N. Promise S.A. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł194.8m (down 5.1% from 3Q 2021). Net loss: zł161.0k (down 122% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% 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 • Oct 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.06, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 157% over the past three years.분석 기사 • Oct 11A.P.N. Promise (WSE:PRO) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공시 • Jun 07A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022, at 09:30 Central European Standard Time.분석 기사 • May 16We Think A.P.N. Promise (WSE:PRO) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 15First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł171.0m (up 14% from 1Q 2021). Net loss: zł405.5k (loss narrowed 88% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.25, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 22% over the past three years.Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.20 (down from zł0.27 in FY 2020). Revenue: zł728.3m (up 14% from FY 2020). Net income: zł1.98m (down 26% from FY 2020). Profit margin: 0.3% (down from 0.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.분석 기사 • Jan 09Estimating The Intrinsic Value Of A.P.N. Promise S.A. (WSE:PRO)Does the January share price for A.P.N. Promise S.A. ( WSE:PRO ) reflect what it's really worth? Today, we will...Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 25% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł120.0m (down 13% from 2Q 2020). Net income: zł3.60m (up 107% from 2Q 2020). Profit margin: 3.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.분석 기사 • Jul 06Does A.P.N. Promise (WSE:PRO) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Feb 24Are Dividend Investors Getting More Than They Bargained For With A.P.N. Promise S.A.'s (WSE:PRO) Dividend?Today we'll take a closer look at A.P.N. Promise S.A. ( WSE:PRO ) from a dividend investor's perspective. Owning a...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł4.50, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 21.7x. This compares to an average P/E of 15x in the IT industry in Poland. Total returns to shareholders over the past three years are 46%.Reported Earnings • Feb 14Full year 2020 earnings released: EPS zł0.25 (vs zł0.56 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: zł638.2m (up 6.9% from FY 2019). Net income: zł2.53m (down 55% from FY 2019). Profit margin: 0.4% (down from 0.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 11New 90-day high: zł5.45The company is up 2.0% from its price of zł5.35 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.분석 기사 • Jan 20Based On Its ROE, Is A.P.N. Promise S.A. (WSE:PRO) A High Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...공시 • Jan 13+ 3 more updatesA.P.N. Promise S.A. to Report Q2, 2021 Results on Aug 13, 2021A.P.N. Promise S.A. announced that they will report Q2, 2021 results on Aug 13, 2021Is New 90 Day High Low • Dec 28New 90-day low: zł4.24The company is down 13% from its price of zł4.90 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.분석 기사 • Dec 25We Think A.P.N. Promise (WSE:PRO) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Nov 23Is A.P.N. Promise S.A. (WSE:PRO) An Attractive Dividend Stock?Is A.P.N. Promise S.A. (WSE:PRO) a good dividend stock? How can we tell? Dividend paying companies with growing...Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 16% share price gain to zł5.10, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 47%.Is New 90 Day High Low • Oct 29New 90-day low: zł4.40The company is down 1.0% from its price of zł4.46 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.매출 및 비용 세부 내역A.P.N. Promise가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이WSE:PRO 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비30 Sep 251,290101,233030 Jun 251,20271,142031 Mar 251,01612954031 Dec 2498116917030 Sep 241,01611954030 Jun 2498811924031 Mar 2496012900031 Dec 239234861030 Sep 238044739030 Jun 238354749031 Mar 238183724031 Dec 227853686030 Sep 227781683030 Jun 227892710031 Mar 227525681031 Dec 217302666030 Sep 216832619030 Jun 216612601031 Mar 216780620031 Dec 206403583030 Sep 206203573030 Jun 205821528031 Mar 205992535031 Dec 195976527030 Sep 196037528030 Jun 195587481031 Mar 195579469031 Dec 185346442030 Sep 184934269030 Jun 184786198031 Mar 18446779031 Dec 17438722030 Sep 17402726030 Jun 17394728031 Mar 17408236031 Dec 16396236030 Sep 16413730030 Jun 16413725031 Mar 16380820031 Dec 15353915030 Sep 15349513030 Jun 153514130양질의 수익: PRO는 고품질 수익을 보유하고 있습니다.이익 마진 증가: PRO의 현재 순 이익률 (0.7%)은 지난해 (1.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: PRO의 수익은 지난 5년 동안 연평균 40.7%로 크게 증가했습니다.성장 가속화: PRO은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: PRO은 지난 1년 동안 수익이 감소(-11.2%)하여 IT 업계 평균(-8.5%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: PRO의 자본 수익률(24.7%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 21:55종가2026/05/21 00:00수익2025/09/30연간 수익2024/12/31데이터 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스A.P.N. Promise 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.
Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
분석 기사 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...
분석 기사 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł10.60, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 14x in the IT industry in Poland. Total returns to shareholders of 213% over the past three years.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł8.35, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 140% over the past three years.
New Risk • Mar 05New 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 11% 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 (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł88.9m market cap, or US$24.1m).
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł8.90, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 193% over the past three years.
분석 기사 • Feb 13Here's Why A.P.N. Promise (WSE:PRO) Can Manage Its Debt ResponsiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł7.90, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 123% over the past three years.
Reported Earnings • Nov 19Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: zł280.4m (up 46% from 3Q 2024). Net income: zł2.25m (up zł2.28m from 3Q 2024). Profit margin: 0.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Nov 13A.P.N. Promise S.A. to Report Q3, 2025 Results on Nov 14, 2025A.P.N. Promise S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
분석 기사 • Aug 27Investors Can Find Comfort In A.P.N. Promise's (WSE:PRO) Earnings QualityInvestors were disappointed with the weak earnings posted by A.P.N. Promise S.A. ( WSE:PRO ). While the headline...
New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.6% Last year net profit margin: 1.1% 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 Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (zł91.1m market cap, or US$24.9m).
New Risk • Aug 20New 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 9.6% 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 (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł91.1m market cap, or US$25.0m).
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł9.40, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 158% over the past three years.
New Risk • Jul 21New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 8.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (zł83.2m market cap, or US$22.8m).
분석 기사 • Jul 12Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 22%After last week's 22% share price gain to zł8.45, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 129% over the past three years.
Upcoming Dividend • Jul 10Upcoming dividend of zł0.64 per shareEligible shareholders must have bought the stock before 17 July 2025. Payment date: 24 July 2025. Trailing yield: 1.3%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 94% over the past three years.
Declared Dividend • Jun 02Dividend of zł0.64 announcedShareholders will receive a dividend of zł0.64. Ex-date: 17th July 2025 Payment date: 24th July 2025 Dividend yield will be 9.3%, which is higher than the industry average of 2.6%. Sustainability & Growth
공시 • Jun 01A.P.N. Promise S.A. announces Annual dividend, payable on July 24, 2025A.P.N. Promise S.A. announced Annual dividend of PLN 0.6400 per share payable on July 24, 2025, ex-date on July 17, 2025 and record date on July 18, 2025.
분석 기사 • May 08Market Might Still Lack Some Conviction On A.P.N. Promise S.A. (WSE:PRO) Even After 30% Share Price BoostA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...
New Risk • Apr 05New 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 12% 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (zł60.4m market cap, or US$15.5m).
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to zł5.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 41% over the past three years.
분석 기사 • Feb 27A Piece Of The Puzzle Missing From A.P.N. Promise S.A.'s (WSE:PRO) 30% Share Price ClimbA.P.N. Promise S.A. ( WSE:PRO ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 5.7% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (zł66.1m market cap, or US$16.6m).
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 25%After last week's 25% share price gain to zł7.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 86% over the past three years.
분석 기사 • Oct 17Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Oct 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł6.55, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 66% over the past three years.
분석 기사 • Sep 20Market Cool On A.P.N. Promise S.A.'s (WSE:PRO) Earnings Pushing Shares 26% LowerA.P.N. Promise S.A. ( WSE:PRO ) shareholders won't be pleased to see that the share price has had a very rough month...
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 20x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years.
분석 기사 • Aug 22A.P.N. Promise's (WSE:PRO) Earnings Are Weaker Than They SeemDespite posting some strong earnings, the market for A.P.N. Promise S.A.'s ( WSE:PRO ) stock hasn't moved much. We did...
New Risk • Aug 21New 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 9.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (zł77.5m market cap, or US$20.2m).
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł202.2m (up 16% from 2Q 2023). Net income: zł895.2k (down 51% from 2Q 2023). Profit margin: 0.4% (down from 1.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 168% over the past three years.
분석 기사 • Jun 06A.P.N. Promise S.A.'s (WSE:PRO) Shares Leap 26% Yet They're Still Not Telling The Full StoryA.P.N. Promise S.A. ( WSE:PRO ) shareholders would be excited to see that the share price has had a great month...
공시 • Jun 05A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2024.
Reported Earnings • May 18First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł240.8m (up 18% from 1Q 2023). Net income: zł7.99m (up zł8.16m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to zł5.70, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 51% over the past three years.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to zł4.70, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 13x in the IT industry in Poland. Total loss to shareholders of 2.3% over the past three years.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 26%After last week's 26% share price gain to zł5.60, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.24 (vs zł0.24 in FY 2022)Full year 2023 results: EPS: zł0.24 (down from zł0.24 in FY 2022). Revenue: zł920.2m (up 17% from FY 2022). Net income: zł2.71m (down 1.5% from FY 2022). Profit margin: 0.3% (down from 0.4% in FY 2022). 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 but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to zł4.98, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 9.8% over the past three years.
분석 기사 • Jan 28Investors Appear Satisfied With A.P.N. Promise S.A.'s (WSE:PRO) ProspectsWith a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...
공시 • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2024 Results on Nov 14, 2024A.P.N. Promise S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł163.7m (down 16% from 3Q 2022). Net loss: zł10.0k (loss narrowed 94% from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). 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 fallen by 7% per year, which means it is significantly lagging earnings.
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (zł45.1m market cap, or US$11.0m).
Reported Earnings • Aug 16Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł174.0m (up 11% from 2Q 2022). Net income: zł1.81m (up 123% from 2Q 2022). Profit margin: 1.0% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue.
공시 • Jun 04A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023A.P.N. Promise S.A., Annual General Meeting, Jun 27, 2023, at 12:00 Central European Standard Time.
분석 기사 • Feb 18Is A.P.N. Promise (WSE:PRO) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Feb 17Full year 2022 earnings released: EPS: zł0.18 (vs zł0.18 in FY 2021)Full year 2022 results: EPS: zł0.18 (up from zł0.18 in FY 2021). Revenue: zł783.8m (up 7.3% from FY 2021). Net income: zł1.85m (up 2.6% from FY 2021). Profit margin: 0.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공시 • Jan 12+ 4 more updatesA.P.N. Promise S.A. to Report Q3, 2023 Results on Nov 14, 2023A.P.N. Promise S.A. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Nov 19Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł194.8m (down 5.1% from 3Q 2021). Net loss: zł161.0k (down 122% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 31% 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 • Oct 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł4.06, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 157% over the past three years.
분석 기사 • Oct 11A.P.N. Promise (WSE:PRO) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공시 • Jun 07A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022A.P.N. Promise S.A., Annual General Meeting, Jun 29, 2022, at 09:30 Central European Standard Time.
분석 기사 • May 16We Think A.P.N. Promise (WSE:PRO) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 15First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: zł171.0m (up 14% from 1Q 2021). Net loss: zł405.5k (loss narrowed 88% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł3.25, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 22% over the past three years.
Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: zł0.20 (down from zł0.27 in FY 2020). Revenue: zł728.3m (up 14% from FY 2020). Net income: zł1.98m (down 26% from FY 2020). Profit margin: 0.3% (down from 0.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
분석 기사 • Jan 09Estimating The Intrinsic Value Of A.P.N. Promise S.A. (WSE:PRO)Does the January share price for A.P.N. Promise S.A. ( WSE:PRO ) reflect what it's really worth? Today, we will...
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to zł3.60, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 25% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings releasedThe company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł120.0m (down 13% from 2Q 2020). Net income: zł3.60m (up 107% from 2Q 2020). Profit margin: 3.0% (up from 1.3% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
분석 기사 • Jul 06Does A.P.N. Promise (WSE:PRO) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Feb 24Are Dividend Investors Getting More Than They Bargained For With A.P.N. Promise S.A.'s (WSE:PRO) Dividend?Today we'll take a closer look at A.P.N. Promise S.A. ( WSE:PRO ) from a dividend investor's perspective. Owning a...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł4.50, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 21.7x. This compares to an average P/E of 15x in the IT industry in Poland. Total returns to shareholders over the past three years are 46%.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS zł0.25 (vs zł0.56 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: zł638.2m (up 6.9% from FY 2019). Net income: zł2.53m (down 55% from FY 2019). Profit margin: 0.4% (down from 0.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 11New 90-day high: zł5.45The company is up 2.0% from its price of zł5.35 on 13 November 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.
분석 기사 • Jan 20Based On Its ROE, Is A.P.N. Promise S.A. (WSE:PRO) A High Quality Stock?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
공시 • Jan 13+ 3 more updatesA.P.N. Promise S.A. to Report Q2, 2021 Results on Aug 13, 2021A.P.N. Promise S.A. announced that they will report Q2, 2021 results on Aug 13, 2021
Is New 90 Day High Low • Dec 28New 90-day low: zł4.24The company is down 13% from its price of zł4.90 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.
분석 기사 • Dec 25We Think A.P.N. Promise (WSE:PRO) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Nov 23Is A.P.N. Promise S.A. (WSE:PRO) An Attractive Dividend Stock?Is A.P.N. Promise S.A. (WSE:PRO) a good dividend stock? How can we tell? Dividend paying companies with growing...
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 16% share price gain to zł5.10, the stock is trading at a trailing P/E ratio of 34.4x, up from the previous P/E ratio of 29.6x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 47%.
Is New 90 Day High Low • Oct 29New 90-day low: zł4.40The company is down 1.0% from its price of zł4.46 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.