Reported Earnings • Apr 14
Full year 2025 earnings released: RON1.03 loss per share (vs RON0.022 profit in FY 2024) Full year 2025 results: RON1.03 loss per share (down from RON0.022 profit in FY 2024). Revenue: RON68.7m (down 21% from FY 2024). Net loss: RON43.3m (down RON44.2m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 31
Prefab S.A., Annual General Meeting, Dec 04, 2025 Prefab S.A., Annual General Meeting, Dec 04, 2025. Aankondiging • Oct 04
Celco S.A. signed a letter of intent to acquire remaining 69.49% stake in Prefab S.A. (BVB:PREH). Celco S.A. signed a letter of intent to acquire remaining 69.49% stake in Prefab S.A. (BVB:PREH) on October 2, 2025. The transaction is subject to subject to antitrust regulations. New Risk • Mar 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (RON153.4m market cap, or US$32.3m). New Risk • Aug 20
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (RON180.5m market cap, or US$40.2m). New Risk • May 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: 7.9% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (177% cash payout ratio). Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (RON179.6m market cap, or US$38.9m). New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RON161.1m market cap, or US$35.1m). Reported Earnings • Aug 20
First half 2023 earnings released: EPS: RON0.003 (vs RON0.009 in 1H 2022) First half 2023 results: EPS: RON0.003 (down from RON0.009 in 1H 2022). Revenue: RON60.9m (up 38% from 1H 2022). Net income: RON125.0k (down 71% from 1H 2022). Profit margin: 0.2% (down from 1.0% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RON3.54, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 9x in the Basic Materials industry in Europe. Total returns to shareholders of 388% over the past three years. Upcoming Dividend • Jun 15
Upcoming dividend of RON0.10 per share at 3.4% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Romanian dividend payers (7.8%). In line with average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RON2.90, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 296% over the past three years. Board Change • Dec 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Ionescu Marian Valentin was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Ionescu Marian Valentin was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Ionescu Marian Valentin was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorated over the past week After last week's 22% share price decline to RON2.10, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 147% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of RON0.14 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (7.2%). Higher than average of industry peers (3.7%). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. No independent directors (3 non-independent directors). Director Ionescu Marian Valentin was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 17% share price gain to RON2.68, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 12x in the Basic Materials industry in Europe. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RON2.06, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Basic Materials industry in Europe. Total returns to shareholders of 137% 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 RON2.44, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Basic Materials industry in Europe. Total returns to shareholders of 176% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to RON2.20, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 14x in the Basic Materials industry in Europe. Total returns to shareholders of 175% over the past three years. Reported Earnings • Aug 22
First half 2021 earnings released: EPS RON0.15 (vs RON0.095 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: RON49.5m (up 15% from 1H 2020). Net income: RON7.44m (up 61% from 1H 2020). Profit margin: 15% (up from 11% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 11
Upcoming dividend of RON0.09 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 08 July 2021. Trailing yield: 3.5%. Lower than top quartile of Romanian dividend payers (6.0%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 22% share price gain to RON2.32, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 18x in the Basic Materials industry in Europe. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to RON2.20, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 15.6x. This compares to an average P/E of 18x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 147%. Is New 90 Day High Low • Feb 17
New 90-day high: RON1.96 The company is up 1.0% from its price of RON1.95 on 17 November 2020. The Romanian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 9.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS RON0.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RON31.4m (up 84% from 3Q 2019). Net income: RON9.09m (up RON8.48m from 3Q 2019). Profit margin: 29% (up from 3.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 18% share price gain to RON1.18, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 14x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 29%.