Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to zł2.56, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 17x in the Logistics industry in Europe. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł2.68, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the Logistics industry in Europe. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to zł2.40, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Logistics industry in Europe. Total returns to shareholders of 40% over the past three years. 공시 • Feb 10
Forposta S.A. to Report Q4, 2025 Results on Feb 13, 2026 Forposta S.A. announced that they will report Q4, 2025 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to zł2.00, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 16x in the Logistics industry in Europe. Total returns to shareholders of 43% over the past three years. New Risk • Jan 05
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 7.6% 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 Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Negative equity (-zł106k). Revenue is less than US$1m. Market cap is less than US$10m (zł3.07m market cap, or US$850.5k). Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to zł3.02, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Logistics industry in Europe. Total returns to shareholders of 68% over the past three years. 공시 • Nov 12
Forposta S.A. to Report Q3, 2025 Results on Nov 14, 2025 Forposta S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Oct 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0% operating cash flow to total debt). Negative equity (-zł348k). Revenue is less than US$1m. Market cap is less than US$10m (zł2.51m market cap, or US$683.2k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł1.78, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 15x in the Logistics industry in Europe. Total loss to shareholders of 7.8% over the past three years. 공시 • Apr 25
Forposta S.A., Annual General Meeting, May 20, 2025 Forposta S.A., Annual General Meeting, May 20, 2025, at 11:00 Central European Standard Time. New Risk • Aug 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł39k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł39k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-zł199k). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł2.76m market cap, or US$682.4k). New Risk • Jun 26
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł14k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-zł14k). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł4.25m market cap, or US$1.04m). New Risk • Jun 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł276k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł276k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł3.67m market cap, or US$898.9k). New Risk • Jun 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł14k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Negative equity (-zł14k). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł5.12m market cap, or US$1.23m). 공시 • Jun 04
Forposta S.A., Annual General Meeting, Jun 28, 2023 Forposta S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time. 공시 • May 03
Forposta S.A., Annual General Meeting, May 26, 2022 Forposta S.A., Annual General Meeting, May 26, 2022, at 13:00 Central European Standard Time. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: zł0.25 loss per share (down from zł0.066 loss in FY 2020). Net loss: zł366.5k (loss widened 279% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 113% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 21% share price decline to zł2.14, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 24x in the Logistics industry in Europe. Total returns to shareholders of 613% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: zł6.0 (down 100% from 1Q 2020). Net loss: zł89.6k (loss narrowed 33% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 142% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 12
New 90-day high: zł3.48 The company is up 341% from its price of zł0.79 on 11 December 2020. The Polish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: zł1.90 The company is up 171% from its price of zł0.70 on 23 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: zł1.15 The company is up 60% from its price of zł0.72 on 07 October 2020. The Polish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: zł0.93 The company is up 37% from its price of zł0.68 on 09 September 2020. The Polish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: zł0.66 The company is down 34% from its price of zł1.00 on 16 July 2020. The Polish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 21% over the same period. 