New Risk • 2h
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 7.9% 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 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (zł105.9m market cap, or US$29.0m). Valuation Update With 7 Day Price Move • 6h
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to zł28.25, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 12x in the Electronic industry in Poland. Total loss to shareholders of 43% over the past three years. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: zł0.67 (vs zł0.41 in 3Q 2024) Third quarter 2025 results: EPS: zł0.67 (up from zł0.41 in 3Q 2024). Revenue: zł104.6m (down 10% from 3Q 2024). Net income: zł2.52m (up 64% from 3Q 2024). Profit margin: 2.4% (up from 1.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Nov 19
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 8.9% 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 (8.9% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł102.3m market cap, or US$28.0m). Aankondiging • Nov 15
Eurotel S.A. to Report Q3, 2025 Results on Nov 19, 2025 Eurotel S.A. announced that they will report Q3, 2025 results on Nov 19, 2025 Reported Earnings • Sep 25
Second quarter 2025 earnings released: EPS: zł0.77 (vs zł0.63 in 2Q 2024) Second quarter 2025 results: EPS: zł0.77 (up from zł0.63 in 2Q 2024). Revenue: zł108.6m (up 16% from 2Q 2024). Net income: zł2.87m (up 22% from 2Q 2024). Profit margin: 2.6% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Sep 05
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to zł31.70. The fair value is estimated to be zł24.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 44%. New Risk • Sep 04
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 164% Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (zł106.1m market cap, or US$29.1m). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to zł28.30, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Electronic industry in Poland. Total loss to shareholders of 24% over the past three years. Aankondiging • Aug 22
Eurotel S.A. to Report First Half, 2025 Results on Sep 23, 2025 Eurotel S.A. announced that they will report first half, 2025 results on Sep 23, 2025 Buy Or Sell Opportunity • May 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to zł22.00. The fair value is estimated to be zł28.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 44%. New Risk • May 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 166% Dividend yield: 18% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 166% Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł83.2m market cap, or US$22.2m). Reported Earnings • May 23
First quarter 2025 earnings released: EPS: zł1.22 (vs zł1.60 in 1Q 2024) First quarter 2025 results: EPS: zł1.22 (down from zł1.60 in 1Q 2024). Revenue: zł116.6m (down 18% from 1Q 2024). Net income: zł4.58m (down 23% from 1Q 2024). Profit margin: 3.9% (down from 4.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Aankondiging • May 01
Eurotel S.A., Annual General Meeting, May 27, 2025 Eurotel S.A., Annual General Meeting, May 27, 2025. 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 (zł77.2m market cap, or US$20.0m). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł21.00, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 9x in the Electronic industry in Poland. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł30.00, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 10x in the Electronic industry in Poland. Total returns to shareholders of 13% over the past three years. New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 29% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 29% over the past year. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (zł139.4m market cap, or US$36.4m). New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Dividend is not well covered by earnings (216% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (zł147.7m market cap, or US$37.5m). Upcoming Dividend • May 28
Upcoming dividend of zł4.00 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 12 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.6%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (4.4%). Aankondiging • Apr 24
Eurotel S.A., Annual General Meeting, May 21, 2024 Eurotel S.A., Annual General Meeting, May 21, 2024, at 11:00 Central European Standard Time. New Risk • Feb 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 216% Cash payout ratio: 159% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (zł167.5m market cap, or US$41.8m). Aankondiging • Jan 05
Eurotel Announces Resignation of Krzysztof Plachta as Chairman of the Supervisory Board Eurotel has announced that Krzysztof Plachta has resigned from the position of the chairman of the supervisory board of the company. Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: zł0.58 (vs zł2.24 in 3Q 2022) Third quarter 2023 results: EPS: zł0.58 (down from zł2.24 in 3Q 2022). Revenue: zł97.5m (down 47% from 3Q 2022). Net income: zł2.19m (down 74% from 3Q 2022). Profit margin: 2.2% (down from 4.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Sep 27
Second quarter 2023 earnings released: EPS: zł0.66 (vs zł3.98 in 2Q 2022) Second quarter 2023 results: EPS: zł0.66 (down from zł3.98 in 2Q 2022). Revenue: zł82.0m (down 43% from 2Q 2022). Net income: zł2.45m (down 84% from 2Q 2022). Profit margin: 3.0% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Jun 12
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 7.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Cash payout ratio: 168% High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (zł194.9m market cap, or US$47.2m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to zł54.20, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 7x in the Electronic industry in Poland. Total returns to shareholders of 267% over the past three years. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: zł1.52 (vs zł2.28 in 1Q 2022) First quarter 2023 results: EPS: zł1.52 (down from zł2.28 in 1Q 2022). Revenue: zł112.3m (down 20% from 1Q 2022). Net income: zł5.68m (down 33% from 1Q 2022). Profit margin: 5.1% (down from 6.1% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł66.60, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 7x in the Electronic industry in Poland. Total returns to shareholders of 395% over the past three years. Upcoming Dividend • May 02
Upcoming dividend of zł10.95 per share at 14% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 24 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 14%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (6.3%). Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: zł2.24 (vs zł1.23 in 3Q 2021) Third quarter 2022 results: EPS: zł2.24 (up from zł1.23 in 3Q 2021). Revenue: zł184.9m (up 51% from 3Q 2021). Net income: zł8.40m (up 82% from 3Q 2021). Profit margin: 4.5% (up from 3.7% in 3Q 2021). Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Electronic industry in Europe are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year. Reported Earnings • Sep 14
Second quarter 2022 earnings released: EPS: zł3.98 (vs zł1.13 in 2Q 2021) Second quarter 2022 results: EPS: zł3.98 (up from zł1.13 in 2Q 2021). Revenue: zł144.0m (up 28% from 2Q 2021). Net income: zł14.9m (up 252% from 2Q 2021). Profit margin: 10% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 8.6% growth forecast for the Electronic industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 19% share price gain to zł45.80, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 9x in the Electronic industry in Poland. Total returns to shareholders of 178% over the past three years. Upcoming Dividend • May 18
Upcoming dividend of zł5.00 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 08 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 13%. Within top quartile of Polish dividend payers (7.6%). In line with average of industry peers (13%). Aankondiging • Apr 16
Eurotel S.A., Annual General Meeting, May 12, 2022 Eurotel S.A., Annual General Meeting, May 12, 2022, at 11:00 Central European Standard Time. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS zł1.23 (vs zł0.94 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł122.9m (up 12% from 3Q 2020). Net income: zł4.61m (up 30% from 3Q 2020). Profit margin: 3.7% (up from 3.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 11
Second quarter 2021 earnings released: EPS zł1.13 (vs zł2.35 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł112.6m (up 23% from 2Q 2020). Net income: zł4.24m (down 52% from 2Q 2020). Profit margin: 3.8% (down from 9.6% 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 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł46.00, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 9x in the Electronic industry in Poland. Total returns to shareholders of 165% over the past three years. Upcoming Dividend • May 25
Inaugural dividend of zł6.20 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 10 June 2021. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 6.9%. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 17% share price gain to zł44.90, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 9x in the Electronic industry in Poland. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 15% share price gain to zł37.90, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 8x in the Electronic industry in Poland. Total returns to shareholders of 93% over the past three years. Is New 90 Day High Low • Feb 15
New 90-day high: zł36.90 The company is up 58% from its price of zł23.40 on 17 November 2020. The Polish market is up 10.0% 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 22
New 90-day high: zł31.30 The company is up 47% from its price of zł21.30 on 23 October 2020. The Polish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: zł27.50 The company is up 19% from its price of zł23.10 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 Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: zł25.50 The company is up 33% from its price of zł19.15 on 04 September 2020. The Polish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS zł0.94 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: zł109.4m (up 17% from 3Q 2019). Net income: zł3.53m (down 33% from 3Q 2019). Profit margin: 3.2% (down from 5.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 16
New 90-day high: zł24.40 The company is up 24% from its price of zł19.60 on 18 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period.