Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to zł2.05, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 23x in the Renewable Energy industry in Europe. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł1.60, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 21x in the Renewable Energy industry in Europe. Total loss to shareholders of 3.3% over the past three years. 공고 • Jun 02
MDI Energia S.A., Annual General Meeting, Jun 29, 2026 MDI Energia S.A., Annual General Meeting, Jun 29, 2026, at 15:00 Central European Standard Time. Buy Or Sell Opportunity • Jun 01
Now 26% undervalued Over the last 90 days, the stock has risen 200% to zł2.31. The fair value is estimated to be zł3.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to zł3.09, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 103% over the past three years. New Risk • Apr 28
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 14% 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 (14% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł49.7m market cap, or US$13.7m). New Risk • Dec 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł35.8m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (zł35.8m market cap, or US$9.86m). New Risk • Nov 25
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: -zł8.2m 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 (-zł8.2m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł39.7m market cap, or US$10.8m). Reported Earnings • Nov 24
Third quarter 2025 earnings released: EPS: zł0.009 (vs zł0.01 loss in 3Q 2024) Third quarter 2025 results: EPS: zł0.009 (up from zł0.01 loss in 3Q 2024). Revenue: zł61.9m (up 41% from 3Q 2024). Net income: zł429.0k (up zł878.0k from 3Q 2024). Profit margin: 0.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 공고 • Nov 15
MDI Energia S.A. to Report Q3, 2025 Results on Nov 21, 2025 MDI Energia S.A. announced that they will report Q3, 2025 results on Nov 21, 2025 New Risk • Oct 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł35.8m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-zł8.2m free cash flow). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (zł35.8m market cap, or US$9.86m). Reported Earnings • Sep 21
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł65.3m (up 25% from 2Q 2024). Net income: zł434.0k (up zł858.0k from 2Q 2024). Profit margin: 0.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. 공고 • Aug 21
MDI Energia S.A. to Report First Half, 2025 Results on Sep 18, 2025 MDI Energia S.A. announced that they will report first half, 2025 results on Sep 18, 2025 New Risk • Aug 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 6.9% 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 Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (zł64.6m market cap, or US$16.7m). 공고 • May 31
MDI Energia S.A., Annual General Meeting, Jun 27, 2024 MDI Energia S.A., Annual General Meeting, Jun 27, 2024. 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 Risk No financial data reported. 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 (zł68.2m market cap, or US$17.2m). New Risk • Jan 25
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 9.7% 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 (9.7% average weekly change). Revenue has declined by 20% over the past year. 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 (zł68.8m market cap, or US$17.1m). Reported Earnings • Nov 22
Third quarter 2022 earnings released: zł0.03 loss per share (vs zł0.022 profit in 3Q 2021) Third quarter 2022 results: zł0.03 loss per share (down from zł0.022 profit in 3Q 2021). Revenue: zł50.0m (down 28% from 3Q 2021). Net loss: zł1.53m (down 251% from profit in 3Q 2021). Reported Earnings • Sep 19
Second quarter 2022 earnings released: zł0.019 loss per share (vs zł0.02 profit in 2Q 2021) Second quarter 2022 results: zł0.019 loss per share (down from zł0.02 profit in 2Q 2021). Revenue: zł53.0m (down 15% from 2Q 2021). Net loss: zł1.15m (down 222% from profit in 2Q 2021). 공고 • Jun 04
MDI Energia S.A., Annual General Meeting, Jun 29, 2023 MDI Energia S.A., Annual General Meeting, Jun 29, 2023, at 10:00 Central European Standard Time. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: zł0.03 (vs zł0.022 in 3Q 2021) Third quarter 2022 results: EPS: zł0.03. Revenue: zł50.0m (down 28% from 3Q 2021). Net loss: zł1.53m (down 251% from profit in 3Q 2021). Reported Earnings • Oct 03
Second quarter 2022 earnings released: zł0.018 loss per share (vs zł0.02 profit in 2Q 2021) Second quarter 2022 results: zł0.018 loss per share (down from zł0.02 profit in 2Q 2021). Revenue: zł52.5m (down 15% from 2Q 2021). Net loss: zł1.24m (down 232% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year. 공고 • Jun 07
MDI Energia S.A., Annual General Meeting, Jun 30, 2022 MDI Energia S.A., Annual General Meeting, Jun 30, 2022, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 22% share price gain to zł2.86, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total loss to shareholders of 22% over the past three years. Reported Earnings • Nov 22
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.07 (up from zł0.005 loss in 3Q 2020). Revenue: zł69.1m (up 7.2% from 3Q 2020). Net income: zł1.01m (up zł1.23m from 3Q 2020). Profit margin: 1.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 18
Second quarter 2021 earnings released: EPS zł0.021 (vs zł0.027 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł62.1m (down 18% from 2Q 2020). Net income: zł939.0k (down 25% from 2Q 2020). Profit margin: 1.5% (down from 1.7% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 03
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł61.7m (up 19% from 1Q 2020). Net income: zł1.34m (up 239% from 1Q 2020). Profit margin: 2.2% (up from 0.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 02
New 90-day low: zł3.46 The company is down 24% from its price of zł4.55 on 03 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 10.0% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of zł1.08m, down 41% from the prior year. Total revenue was zł224.0m over the last 12 months, up 35% from the prior year.