Aankondiging • May 22
Internet Union S.A., Annual General Meeting, Jun 16, 2025 Internet Union S.A., Annual General Meeting, Jun 16, 2025. Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: zł0.47 (vs zł0.50 in FY 2023) Full year 2024 results: EPS: zł0.47 (down from zł0.50 in FY 2023). Revenue: zł20.6m (up 15% from FY 2023). Net income: zł2.87m (down 6.6% from FY 2023). Profit margin: 14% (down from 17% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł11.70, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 16x in the Telecom industry in Poland. Total returns to shareholders of 199% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of zł0.18 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 17 October 2024. Payout ratio is a comfortable 31% and the cash payout ratio is 90%. Trailing yield: 1.8%. Lower than top quartile of Polish dividend payers (7.8%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł9.90, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 15x in the Telecom industry in Poland. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł9.00, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 14x in the Telecom industry in Poland. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł10.10, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 13x in the Telecom industry in Poland. Total returns to shareholders of 152% over the past three years. Aankondiging • Jun 05
Internet Union S.A., Annual General Meeting, Jun 28, 2024 Internet Union S.A., Annual General Meeting, Jun 28, 2024. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to zł13.00, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the Telecom industry in Poland. Total returns to shareholders of 161% over the past three years. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł4.90m (up 18% from 1Q 2023). Net income: zł1.01m (up zł1.02m from 1Q 2023). Profit margin: 21% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% 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 03
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to zł11.40, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 18x in the Telecom industry in Poland. Total returns to shareholders of 148% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł10.30, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 17x in the Telecom industry in Poland. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to zł10.20, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 16x in the Telecom industry in Poland. Total returns to shareholders of 124% over the past three years. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0.49 (vs zł0.55 in FY 2022) Full year 2023 results: EPS: zł0.49 (down from zł0.55 in FY 2022). Revenue: zł17.8m (up 14% from FY 2022). Net income: zł3.05m (down 11% from FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% 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 • Jan 10
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to zł9.10, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 32x in the Telecom industry in Poland. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł10.60, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 31x in the Telecom industry in Poland. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to zł9.70, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 27x in the Telecom industry in Poland. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 111% After last week's 111% share price gain to zł12.00, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 23x in the Telecom industry in Poland. Total returns to shareholders of 123% over the past three years. New Risk • Nov 07
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 7.2% 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 Market cap is less than US$10m (zł37.5m market cap, or US$8.99m). Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Revenue is less than US$5m (zł17m revenue, or US$4.1m). Reported Earnings • Nov 07
Third quarter 2023 earnings released Third quarter 2023 results: Net income: zł951.0k (up zł951.0k from 3Q 2022). Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to zł5.50, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 15x in the Telecom industry in Poland. Total returns to shareholders of 28% over the past three years. New Risk • Aug 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risks Revenue is less than US$5m (zł16m revenue, or US$4.1m). Market cap is less than US$100m (zł43.1m market cap, or US$10.6m). Aankondiging • May 26
Internet Union S.A., Annual General Meeting, Jun 20, 2023 Internet Union S.A., Annual General Meeting, Jun 20, 2023, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improved over the past week After last week's 19% share price gain to zł6.90, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 14x in the Telecom industry in Poland. Total returns to shareholders of 294% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 16% share price gain to zł6.95, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 9x in the Telecom industry in Poland. Total returns to shareholders of 297% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 27% share price gain to zł6.20, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 10x in the Telecom industry in Poland. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł5.40, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 10x in the Telecom industry in Poland. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 17% share price gain to zł5.20, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 11x in the Telecom industry in Poland. Total returns to shareholders of 225% over the past three years. Aankondiging • Jun 01
Internet Union S.A., Annual General Meeting, Jun 30, 2022 Internet Union S.A., Annual General Meeting, Jun 30, 2022, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 20% share price gain to zł4.18, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 9x in the Telecom industry in Poland. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 19% share price gain to zł3.70, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 12x in the Telecom industry in Poland. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 17% share price gain to zł3.50, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 14x in the Telecom industry in Poland. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł3.50, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 12x in the Telecom industry in Poland. Total returns to shareholders of 75% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł3.31m (up 11% from 2Q 2020). Net income: zł583.6k (down 7.6% from 2Q 2020). Profit margin: 18% (down from 21% 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 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 21% share price gain to zł5.10, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 33x in the Telecom industry in Poland. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorated over the past week After last week's 22% share price decline to zł6.80, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 41x in the Telecom industry in Poland. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 19% share price gain to zł5.25, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 38x in the Telecom industry in Poland. Total returns to shareholders of 9.4% over the past three years. Is New 90 Day High Low • Mar 11
New 90-day low: zł4.46 The company is down 14% from its price of zł5.20 on 11 December 2020. The Polish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 5.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS zł0.39 (vs zł0.13 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł11.8m (up 24% from FY 2019). Net income: zł2.39m (up 201% from FY 2019). Profit margin: 20% (up from 8.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 28% share price gain to zł5.50, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 19x in the Telecom industry in Poland. Total returns to shareholders over the past three years are 59%. Is New 90 Day High Low • Nov 13
New 90-day high: zł5.50 The company is up 22% from its price of zł4.50 on 14 August 2020. The Polish market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 10.0% over the same period.