Aankondiging • May 02
Lentex S.A., Annual General Meeting, May 27, 2026 Lentex S.A., Annual General Meeting, May 27, 2026, at 12:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł7.14, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Consumer Durables industry in Poland. Total loss to shareholders of 8.5% over the past three years. Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: zł0.15 (vs zł0.12 in 3Q 2024) Third quarter 2025 results: EPS: zł0.15 (up from zł0.12 in 3Q 2024). Revenue: zł80.7m (down 5.3% from 3Q 2024). Net income: zł5.19m (up 25% from 3Q 2024). Profit margin: 6.4% (up from 4.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Aankondiging • Nov 15
Lentex S.A. to Report Q3, 2025 Results on Nov 21, 2025 Lentex S.A. announced that they will report Q3, 2025 results on Nov 21, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: zł0.13 (vs zł0.17 in 2Q 2024) Second quarter 2025 results: EPS: zł0.13 (down from zł0.17 in 2Q 2024). Revenue: zł85.0m (up 2.4% from 2Q 2024). Net income: zł4.42m (down 27% from 2Q 2024). Profit margin: 5.2% (down from 7.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Aug 20
Lentex S.A. to Report First Half, 2025 Results on Aug 29, 2025 Lentex S.A. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • May 23
First quarter 2025 earnings released: EPS: zł0.09 (vs zł0.17 in 1Q 2024) First quarter 2025 results: EPS: zł0.09 (down from zł0.17 in 1Q 2024). Revenue: zł74.4m (up 4.0% from 1Q 2024). Net income: zł3.26m (down 48% from 1Q 2024). Profit margin: 4.4% (down from 8.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Apr 24
Lentex S.A., Annual General Meeting, May 20, 2025 Lentex S.A., Annual General Meeting, May 20, 2025. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: zł0.50 (vs zł0.61 in FY 2023) Full year 2024 results: EPS: zł0.50 (down from zł0.61 in FY 2023). Revenue: zł313.1m (down 7.8% from FY 2023). Net income: zł17.8m (down 21% from FY 2023). Profit margin: 5.7% (down from 6.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to zł7.00. The fair value is estimated to be zł9.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 2.8%. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: zł0.12 (vs zł0.16 in 3Q 2023) Third quarter 2024 results: EPS: zł0.12 (down from zł0.16 in 3Q 2023). Revenue: zł85.2m (down 5.4% from 3Q 2023). Net income: zł4.16m (down 27% from 3Q 2023). Profit margin: 4.9% (down from 6.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: zł0.17 (vs zł0.12 in 2Q 2023) Second quarter 2024 results: EPS: zł0.17 (up from zł0.12 in 2Q 2023). Revenue: zł83.0m (down 12% from 2Q 2023). Net income: zł6.04m (up 44% from 2Q 2023). Profit margin: 7.3% (up from 4.4% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • May 26
First quarter 2024 earnings released: EPS: zł0.17 (vs zł0.31 in 1Q 2023) First quarter 2024 results: EPS: zł0.17 (down from zł0.31 in 1Q 2023). Revenue: zł71.5m (down 17% from 1Q 2023). Net income: zł6.29m (down 47% from 1Q 2023). Profit margin: 8.8% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Aankondiging • Apr 21
Lentex S.A., Annual General Meeting, May 24, 2024 Lentex S.A., Annual General Meeting, May 24, 2024, at 12:00 Central European Standard Time. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: zł0.61 (vs zł0.25 in FY 2022) Full year 2023 results: EPS: zł0.61 (up from zł0.25 in FY 2022). Revenue: zł339.7m (down 16% from FY 2022). Net income: zł22.6m (up 120% from FY 2022). Profit margin: 6.7% (up from 2.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: zł0.16 (vs zł0.061 in 3Q 2022) Third quarter 2023 results: EPS: zł0.16 (up from zł0.061 in 3Q 2022). Revenue: zł90.0m (down 16% from 3Q 2022). Net income: zł5.72m (up 118% from 3Q 2022). Profit margin: 6.4% (up from 2.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: zł0.12 (vs zł0.09 in 2Q 2022) Second quarter 2023 results: EPS: zł0.12 (up from zł0.09 in 2Q 2022). Revenue: zł94.7m (down 11% from 2Q 2022). Net income: zł4.20m (up 20% from 2Q 2022). Profit margin: 4.4% (up from 3.3% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł278.0m market cap, or US$67.0m). Aankondiging • May 09
Lentex S.A., Annual General Meeting, May 31, 2023 Lentex S.A., Annual General Meeting, May 31, 2023, at 12:00 Central European Standard Time. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: zł0.061 (vs zł0.20 in 3Q 2021) Third quarter 2022 results: EPS: zł0.061 (down from zł0.20 in 3Q 2021). Revenue: zł106.9m (up 1.1% from 3Q 2021). Net income: zł2.62m (down 71% from 3Q 2021). Profit margin: 2.4% (down from 8.6% in 3Q 2021). 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 only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to zł8.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 5x in the Consumer Durables industry in Poland. Total returns to shareholders of 25% over the past three years. Reported Earnings • May 24
First quarter 2022 earnings released: EPS: zł0.13 (vs zł0.27 in 1Q 2021) First quarter 2022 results: EPS: zł0.13 (down from zł0.27 in 1Q 2021). Revenue: zł113.3m (up 15% from 1Q 2021). Net income: zł5.57m (down 52% from 1Q 2021). Profit margin: 4.9% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: zł0.78 (vs zł0.89 in FY 2020) Full year 2021 results: EPS: zł0.78 (down from zł0.89 in FY 2020). Revenue: zł412.2m (up 11% from FY 2020). Net income: zł34.4m (down 12% from FY 2020). Profit margin: 8.3% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 22
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.20 (down from zł0.30 in 3Q 2020). Revenue: zł105.7m (down 1.3% from 3Q 2020). Net income: zł9.09m (down 31% from 3Q 2020). Profit margin: 8.6% (down from 12% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS zł0.20 (vs zł0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: zł102.4m (up 9.0% from 2Q 2020). Net income: zł8.83m (up 3.9% from 2Q 2020). Profit margin: 8.6% (down from 9.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 24
President of Management Board & MD recently bought zł111k worth of stock On the 21st of July, Wojciech Hoffmann bought around 11k shares on-market at roughly zł10.50 per share. This was the largest purchase by an insider in the last 3 months. This was Wojciech's only on-market trade for the last 12 months. Upcoming Dividend • Jun 23
Upcoming dividend of zł0.30 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 23 July 2021. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (5.9%). Lower than average of industry peers (6.0%). Reported Earnings • May 26
First quarter 2021 earnings released: EPS zł0.27 (vs zł0.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł98.2m (up 22% from 1Q 2020). Net income: zł11.7m (up 47% from 1Q 2020). Profit margin: 12% (up from 9.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 28
New 90-day high: zł11.15 The company is up 33% from its price of zł8.38 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: zł11.05 The company is up 26% from its price of zł8.80 on 11 September 2020. The Polish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 2.0% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS zł0.30 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: zł107.1m (down 12% from 3Q 2019). Net income: zł13.2m (up 64% from 3Q 2019). Profit margin: 12% (up from 6.6% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 24
New 90-day high: zł9.88 The company is up 1.0% from its price of zł9.80 on 25 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is down 2.0% over the same period.