Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł14.10, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 15x in the IT industry in Poland. Total returns to shareholders of 628% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł11.50, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 520% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł10.85, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 496% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to zł8.78, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 385% over the past three years. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 17% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 136% Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł62.6m market cap, or US$17.6m). 공시 • Feb 10
Sevenet S.A. to Report Q2, 2026 Results on Feb 12, 2026 Sevenet S.A. announced that they will report Q2, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to zł4.03, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to zł3.22, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 81% over the past three years. New Risk • Jan 02
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 6.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 136% Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (zł28.3m market cap, or US$7.88m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Declared Dividend • Dec 11
Dividend increased to zł0.20 Dividend of zł0.20 is 82% higher than last year. Ex-date: 16th December 2025 Payment date: 19th December 2025 Dividend yield will be 7.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 6.2% to shift the payout ratio to a potentially unsustainable range, which is less than the 20% EPS decline seen over the last 5 years. Reported Earnings • Nov 18
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł32.6m (up 2.1% from 1Q 2025). Net loss: zł530.8k (loss narrowed 68% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • Nov 11
Sevenet S.A. to Report Q1, 2026 Results on Nov 13, 2025 Sevenet S.A. announced that they will report Q1, 2026 results on Nov 13, 2025 공시 • Nov 10
Sevenet S.A., Annual General Meeting, Dec 08, 2025 Sevenet S.A., Annual General Meeting, Dec 08, 2025, at 10:00 Central European Standard Time. 공시 • Oct 28
Sevenet S.A. to Report Fiscal Year 2025 Results on Oct 28, 2025 Sevenet S.A. announced that they will report fiscal year 2025 results on Oct 28, 2025 Reported Earnings • Aug 17
Full year 2025 earnings released: EPS: zł0.091 (vs zł0.14 in FY 2024) Full year 2025 results: EPS: zł0.091 (down from zł0.14 in FY 2024). Revenue: zł144.7m (up 3.1% from FY 2024). Net income: zł916.9k (down 37% from FY 2024). Profit margin: 0.6% (down from 1.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to zł2.46, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 6.0% over the past three years. New Risk • Aug 07
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 6.7% 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 Earnings have declined by 19% per year over the past 5 years. High level of non-cash earnings (113% accrual ratio). Market cap is less than US$10m (zł33.3m market cap, or US$9.13m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł2.66, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years. New Risk • May 19
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. High level of non-cash earnings (136% accrual ratio). Market cap is less than US$10m (zł22.9m market cap, or US$6.06m). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). New Risk • Mar 14
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (zł22.2m market cap, or US$5.80m). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.8% average weekly change). Buy Or Sell Opportunity • Mar 04
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.9% to zł1.94. The fair value is estimated to be zł2.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 13
Now 22% undervalued Over the last 90 days, the stock has risen 2.6% to zł2.00. The fair value is estimated to be zł2.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 27
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 6.5% 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 17% per year over the past 5 years. Market cap is less than US$10m (zł17.5m market cap, or US$4.27m). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.5% average weekly change). Upcoming Dividend • Nov 29
Upcoming dividend of zł0.11 per share Eligible shareholders must have bought the stock before 06 December 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Polish dividend payers (8.1%). Higher than average of industry peers (2.6%). New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 178% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (zł20.8m market cap, or US$5.09m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). 공시 • Nov 01
Sevenet S.A., Annual General Meeting, Nov 25, 2024 Sevenet S.A., Annual General Meeting, Nov 25, 2024. Reported Earnings • Aug 13
Full year 2024 earnings released: EPS: zł0.24 (vs zł0.13 in FY 2023) Full year 2024 results: EPS: zł0.24 (up from zł0.13 in FY 2023). Revenue: zł139.5m (up 4.6% from FY 2023). Net income: zł2.43m (up 90% from FY 2023). Profit margin: 1.7% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to zł3.30, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 83% over the past three years. Reported Earnings • May 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł28.5m (up 22% from 3Q 2023). Net income: zł51.0k (up zł2.89m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Feb 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł39.2m (up 1.3% from 2Q 2023). Net income: zł2.98m (up 64% from 2Q 2023). Profit margin: 7.6% (up from 4.7% in 2Q 2023). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł3.30, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 14% over the past three years. New Risk • Dec 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.2% 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: Major Risks Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (zł25.2m market cap, or US$6.28m). 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 (6.9% average weekly change). Reported Earnings • Nov 16
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł36.3m (up 39% from 1Q 2023). Net income: zł314.3k (up zł1.93m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. 공시 • Nov 04
Sevenet S.A., Annual General Meeting, Nov 27, 2023 Sevenet S.A., Annual General Meeting, Nov 27, 2023, at 10:00 Central European Standard Time. New Risk • Oct 31
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 7.0% 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 32% per year over the past 5 years. Market cap is less than US$10m (zł26.2m market cap, or US$6.23m). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Aug 13
Full year 2023 earnings released: EPS: zł0.077 (vs zł0.05 in FY 2022) Full year 2023 results: EPS: zł0.077 (up from zł0.05 in FY 2022). Revenue: zł133.3m (up 42% from FY 2022). Net income: zł778.2k (up 56% from FY 2022). Profit margin: 0.6% (up from 0.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł38.7m (up 28% from 2Q 2022). Net income: zł1.82m (down 45% from 2Q 2022). Profit margin: 4.7% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 공시 • Dec 07
Sevenet S.A., Annual General Meeting, Dec 28, 2022 Sevenet S.A., Annual General Meeting, Dec 28, 2022, at 12:00 Central European Standard Time. Reported Earnings • Nov 20
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł26.2m (up 144% from 1Q 2022). Net loss: zł1.61m (loss narrowed 29% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Full year 2022 earnings released: EPS: zł0.05 (vs zł0.50 in FY 2021) Full year 2022 results: EPS: zł0.05 (down from zł0.50 in FY 2021). Revenue: zł93.7m (down 5.8% from FY 2021). Net income: zł500.2k (down 88% from FY 2021). Profit margin: 0.5% (down from 4.2% in FY 2021). 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 42% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to zł2.10, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 186% over the past three years. Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: zł0.35 (up from zł0.20 in 2Q 2021). Revenue: zł30.3m (down 2.6% from 2Q 2021). Net income: zł3.30m (up 96% from 2Q 2021). Profit margin: 11% (up from 5.4% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 15
Upcoming dividend of zł0.37 per share Eligible shareholders must have bought the stock before 22 December 2021. Payment date: 30 December 2021. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.6%. Within top quartile of Polish dividend payers (6.8%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 15
First quarter 2022 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: zł10.7m (down 72% from 1Q 2021). Net loss: zł2.27m (down 229% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 38% share price gain to zł3.30, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 15x in the IT industry in Poland. Total returns to shareholders of 240% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 18% share price gain to zł2.38, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 100% over the past three years. Reported Earnings • Aug 18
Full year 2021 earnings released: EPS zł0.50 (vs zł0.48 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: zł99.5m (down 5.1% from FY 2020). Net income: zł4.17m (up 3.5% from FY 2020). Profit margin: 4.2% (up from 3.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: zł11.7m (down 30% from 3Q 2020). Net loss: zł662.2k (down 212% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł2.30, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 109% over the past three years. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS zł0.20 (vs zł0.23 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: zł31.1m (down 36% from 2Q 2020). Net income: zł1.69m (down 11% from 2Q 2020). Profit margin: 5.4% (up from 3.9% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 17% share price gain to zł3.98, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.6x. 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 262%. Is New 90 Day High Low • Jan 22
New 90-day high: zł3.54 The company is up 5.0% from its price of zł3.38 on 23 October 2020. The Polish market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 2.0% over the same period. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 15% share price gain to zł3.50, the stock is trading at a trailing P/E ratio of 5.8x, up from the previous P/E ratio of 5x. This compares to an average P/E of 13x in the IT industry in Poland. Total returns to shareholders over the past three years are 178%. Valuation Update With 7 Day Price Move • Oct 28
Market pulls back on stock over the past week After last week's 20% share price decline to zł3.04, the stock is trading at a trailing P/E ratio of 6.6x, down from the previous P/E ratio of 8.2x. 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 125%. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 19% share price gain to zł3.44, the stock is trading at a trailing P/E ratio of 7.5x, up from the previous P/E ratio of 6.3x. 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 155%. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 24% share price gain to zł3.78, the stock is trading at a trailing P/E ratio of 8.2x, up from the previous P/E ratio of 6.6x. 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 180%.