공시 • Jun 08
Neo Investments agreed to acquire an additional unknown minority stake in OEX S.A. (WSE:OEX). Neo Investments agreed to acquire an additional unknown minority stake in OEX S.A. (WSE:OEX) on June 6, 2024. UOKiK has approved a concentration involving the acquisition of control by Neo Investment over OEX. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: zł1.00 (vs zł0.95 in 1Q 2023) First quarter 2024 results: EPS: zł1.00 (up from zł0.95 in 1Q 2023). Revenue: zł184.5m (up 12% from 1Q 2023). Net income: zł6.83m (up 5.4% from 1Q 2023). Profit margin: 3.7% (down from 3.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 30
Upcoming dividend of zł3.00 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 17 June 2024. Trailing yield: 7.2%. Lower than top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (4.5%). New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. High level of non-cash earnings (42% accrual ratio). 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 (zł355.8m market cap, or US$89.5m). Buying Opportunity • Aug 04
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be zł57.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 88%. New Risk • Jul 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). 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 (7.3% average weekly change). Market cap is less than US$100m (zł282.6m market cap, or US$68.6m). Buying Opportunity • Jul 07
Now 27% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be zł56.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 88%. Buying Opportunity • Jun 22
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be zł57.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 88%. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł46.00, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 7x in the Electronic industry in Poland. Total returns to shareholders of 290% over the past three years. 공시 • Jun 04
OEX S.A., Annual General Meeting, Jun 28, 2023 OEX S.A., Annual General Meeting, Jun 28, 2023, at 12:00 Central European Standard Time. 공시 • Apr 26
OEX S.A., Annual General Meeting, May 18, 2022 OEX S.A., Annual General Meeting, May 18, 2022, at 12:00 Central European Standard Time. 공시 • Dec 22
Cloudflight GmbH agreed to acquire Divante Sp. z o.o. from OEX S.A. (WSE:OEX) for approximately PLN 180 million. Cloudflight GmbH agreed to acquire Divante Sp. z o.o. from OEX S.A. (WSE:OEX) for approximately PLN 180 million on December 17, 2021. The joint company will grow the Cloudflight workforce by another 350 highly skilled staff members. It is planned that Divante will join Cloudflight by January 2022 at the latest. 공시 • Jun 12
OEX Starts Talks with Interested Shareholders on Working Towards Delisting OEX S.A. said the company starts talks with interested shareholders on conducting buyback of company's shares via tender offer. The company said aim is to delist company. Is New 90 Day High Low • Feb 17
New 90-day high: zł19.70 The company is up 24% from its price of zł15.90 on 19 November 2020. The Polish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: zł18.80 The company is up 25% from its price of zł15.00 on 20 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: zł17.90 The company is up 15% from its price of zł15.50 on 01 October 2020. The Polish market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electronic industry, which is up 9.0% over the same period.