Aankondiging • Nov 13
INFRA S.A. to Report Q3, 2025 Results on Nov 14, 2025 INFRA S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings have declined by 5.2% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m (zł1.5m revenue, or US$420k). Market cap is less than US$10m (zł4.97m market cap, or US$1.36m). Buy Or Sell Opportunity • Jun 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to zł4.10. The fair value is estimated to be zł5.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 16
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to zł3.83. The fair value is estimated to be zł5.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 20
Full year 2024 earnings released Full year 2024 results: Revenue: zł1.25m (up 104% from FY 2023). Net income: zł32.2k (down 13% from FY 2023). Profit margin: 2.6% (down from 6.0% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 19
First half 2024 earnings released First half 2024 results: Net loss: zł17.3k (down 133% from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Aankondiging • Jun 05
INFRA S.A., Annual General Meeting, Jun 27, 2024 INFRA S.A., Annual General Meeting, Jun 27, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Net loss: zł6.0k (down 110% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to zł2.40, the stock trades at a trailing P/E ratio of 74.7x. Average trailing P/E is 24x in the Software industry in Poland. Total returns to shareholders of 61% over the past three years. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: zł0.032 (vs zł0.016 in FY 2022) Full year 2023 results: EPS: zł0.032 (up from zł0.016 in FY 2022). Revenue: zł611.9k (up 39% from FY 2022). Net income: zł60.2k (up 102% from FY 2022). Profit margin: 9.8% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł29.7k (down 66% from 3Q 2022). Net loss: zł17.4k (down 257% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł1.54, the stock trades at a trailing P/E ratio of 62.2x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł1.87, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 93% over the past three years. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł96.1k (down 3.2% from 2Q 2022). Net loss: zł4.9k (down 153% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to zł2.06, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to zł1.74, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 58% over the past three years. New Risk • Jun 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.8% Last year net profit margin: 45% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m (zł646k revenue, or US$157k). Market cap is less than US$10m (zł2.14m market cap, or US$517.9k). Minor Risk Profit margins are more than 30% lower than last year (0.8% net profit margin). Aankondiging • Jun 02
INFRA S.A., Annual General Meeting, Jun 29, 2023 INFRA S.A., Annual General Meeting, Jun 29, 2023, at 09:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł1.04, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 22x in the Software industry in Poland. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to zł1.33, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 23x in the Software industry in Poland. Total returns to shareholders of 54% over the past three years. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: zł0.024 (vs zł0.071 in FY 2021) Full year 2022 results: EPS: zł0.024 (down from zł0.071 in FY 2021). Revenue: zł438.9k (down 39% from FY 2021). Net income: zł45.5k (down 66% from FY 2021). Profit margin: 10% (down from 19% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 01
INFRA S.A., Annual General Meeting, Aug 01, 2022 INFRA S.A., Annual General Meeting, Aug 01, 2022, at 09:30 Central European Standard Time. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł1.02, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 16x in the Software industry in Poland. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł1.16, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 16x in the Software industry in Poland. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł1.34, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 18x in the Software industry in Poland. Total returns to shareholders of 271% over the past three years. Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.039 (down from zł0.043 in FY 2020). Revenue: zł725.2k (up 66% from FY 2020). Net income: zł73.5k (down 8.3% from FY 2020). Profit margin: 10% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł1.70, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 400% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł1.70, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 400% over the past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 34% share price gain to zł2.27, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 482% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 35% share price decline to zł1.79, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 19x in the Software industry in Poland. Total returns to shareholders of 411% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 23% share price gain to zł1.40, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 18x in the Software industry in Poland. Total returns to shareholders of 310% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 21% share price decline to zł1.06, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 15x in the Software industry in Poland. Total returns to shareholders of 165% over the past three years. Reported Earnings • Nov 19
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł98.3k (up 16% from 3Q 2020). Net income: zł48.2k (up 441% from 3Q 2020). Profit margin: 49% (up from 11% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł1.23, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to zł1.62, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 17x in the Software industry in Poland. Total returns to shareholders of 295% over the past three years. Reported Earnings • Feb 19
Full year 2020 earnings released: EPS zł0.009 (vs zł0.10 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł436.2k (down 38% from FY 2019). Net income: zł16.4k (up zł207.6k from FY 2019). Profit margin: 3.8% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 29
New 90-day high: zł1.98 The company is up 111% from its price of zł0.94 on 30 October 2020. The Polish market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: zł1.75 The company is up 80% from its price of zł0.97 on 13 October 2020. The Polish market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: zł0.72 The company is down 28% from its price of zł0.99 on 17 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.