About ADX

Founded: 2013
Employees: 13
CEO: Robert Kijak
WebsiteView website: www.adatexsa.pl

Adatex S.A. develops and sells multi-family, service, and commercial buildings in Poland. The company was formerly known as Adatex Deweloper S.A. and changed its name to Adatex S.A. in December 2022. Adatex S.A. was incorporated in 2013 and is headquartered in Dabrowa Górnicza, Poland.

Recent ADX News & Updates

New Risk • May 21

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 20% 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 Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (zł80.2m market cap, or US$21.9m).

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About ADX

Recent ADX News & Updates

Adatex S.A., Annual General Meeting, Jun 30, 2026

Adatex's (WSE:ADX) Weak Earnings May Only Reveal A Part Of The Whole Picture

New major risk - Earnings quality

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