Declared Dividend • May 31
Dividend increased to zł2.16 Dividend of zł2.16 is 28% higher than last year. Ex-date: 7th August 2026 Payment date: 20th October 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 75% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 29
Atrem S.A., Annual General Meeting, Jun 24, 2026 Atrem S.A., Annual General Meeting, Jun 24, 2026, at 11:00 Central European Standard Time. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: zł0.69 (vs zł0.53 in 1Q 2025) First quarter 2026 results: EPS: zł0.69 (up from zł0.53 in 1Q 2025). Revenue: zł61.8m (up 45% from 1Q 2025). Net income: zł6.36m (up 29% from 1Q 2025). Profit margin: 10% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 15
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 7.0% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł58.80, the stock trades at a trailing P/E ratio of 14.4x. Average forward P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 1,038% over the past three years. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: zł4.08 (vs zł1.69 in FY 2024) Full year 2025 results: EPS: zł4.08 (up from zł1.69 in FY 2024). Revenue: zł311.9m (up 66% from FY 2024). Net income: zł37.6m (up 141% from FY 2024). Profit margin: 12% (up from 8.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 03
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to zł50.40. The fair value is estimated to be zł66.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł52.00, the stock trades at a trailing P/E ratio of 19.1x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,450% over the past three years. Buy Or Sell Opportunity • Dec 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to zł52.00. The fair value is estimated to be zł41.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 69%. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: zł1.11 (vs zł0.75 in 3Q 2024) Third quarter 2025 results: EPS: zł1.11 (up from zł0.75 in 3Q 2024). Revenue: zł89.7m (up 82% from 3Q 2024). Net income: zł10.3m (up 49% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
Atrem S.A. to Report Q3, 2025 Results on Nov 19, 2025 Atrem S.A. announced that they will report Q3, 2025 results on Nov 19, 2025 Buy Or Sell Opportunity • Nov 03
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to zł52.40. The fair value is estimated to be zł42.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 59%. Buy Or Sell Opportunity • Sep 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to zł52.60. The fair value is estimated to be zł43.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 59%. New Risk • Sep 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł48.40, the stock trades at a trailing P/E ratio of 20.5x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,180% over the past three years. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: zł0.63 (vs zł0.30 in 2Q 2024) Second quarter 2025 results: EPS: zł0.63 (up from zł0.30 in 2Q 2024). Revenue: zł59.6m (up 44% from 2Q 2024). Net income: zł5.81m (up 113% from 2Q 2024). Profit margin: 9.8% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 20
Atrem S.A. to Report First Half, 2025 Results on Aug 27, 2025 Atrem S.A. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł361.8m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (zł361.8m market cap, or US$99.6m). Upcoming Dividend • Aug 01
Upcoming dividend of zł1.69 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Polish dividend payers (7.1%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to zł42.40, the stock trades at a trailing P/E ratio of 20.9x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 1,211% over the past three years. Announcement • Jun 29
Atrem S.A. announces Annual dividend, payable on October 17, 2025 Atrem S.A. announced Annual dividend of PLN 0.5700 per share payable on October 17, 2025, ex-date on August 08, 2025 and record date on August 11, 2025. Buy Or Sell Opportunity • Jun 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to zł34.00. The fair value is estimated to be zł28.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 46%. Reported Earnings • May 20
First quarter 2025 earnings released: EPS: zł0.53 (vs zł0.20 in 1Q 2024) First quarter 2025 results: EPS: zł0.53 (up from zł0.20 in 1Q 2024). Revenue: zł42.6m (up 33% from 1Q 2024). Net income: zł4.93m (up 172% from 1Q 2024). Profit margin: 12% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł29.40, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 13x in the Construction industry in Poland. Total returns to shareholders of 845% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł26.80, the stock trades at a trailing P/E ratio of 15.8x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 695% over the past three years. Buy Or Sell Opportunity • Mar 25
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to zł26.20. The fair value is estimated to be zł19.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 34%. Buy Or Sell Opportunity • Mar 05
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to zł24.00. The fair value is estimated to be zł19.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł21.50, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,148% over the past three years. Buy Or Sell Opportunity • Feb 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 113% to zł24.30. The fair value is estimated to be zł20.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł22.90, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 1,050% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł18.75, the stock trades at a trailing P/E ratio of 10.6x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 819% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to zł15.75, the stock trades at a trailing P/E ratio of 8.9x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 874% over the past three years. Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: zł0.75 (vs zł0.11 in 3Q 2023) Third quarter 2024 results: EPS: zł0.75 (up from zł0.11 in 3Q 2023). Revenue: zł49.2m (up 17% from 3Q 2023). Net income: zł6.89m (up zł5.92m from 3Q 2023). Profit margin: 14% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Poland. 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 88% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to zł11.20. The fair value is estimated to be zł14.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 25%. New Risk • Sep 14
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 6.8% 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: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (zł105.2m market cap, or US$27.2m). Upcoming Dividend • Sep 02
Upcoming dividend of zł0.49 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: zł0.30 (vs zł0.18 in 2Q 2023) Second quarter 2024 results: EPS: zł0.30 (up from zł0.18 in 2Q 2023). Revenue: zł41.3m (up 29% from 2Q 2023). Net income: zł2.73m (up 59% from 2Q 2023). Profit margin: 6.6% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł10.00, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 404% over the past three years. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: zł0.20 (vs zł0.18 loss in 1Q 2023) First quarter 2024 results: EPS: zł0.20 (up from zł0.18 loss in 1Q 2023). Revenue: zł32.0m (up 69% from 1Q 2023). Net income: zł1.81m (up zł3.51m from 1Q 2023). Profit margin: 5.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Atrem S.A., Annual General Meeting, Jun 10, 2024 Atrem S.A., Annual General Meeting, Jun 10, 2024. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł13.70, the stock trades at a trailing P/E ratio of 21.2x. Average forward P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 492% over the past three years. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: zł0.65 (vs zł0.27 in FY 2022) Full year 2023 results: EPS: zł0.65 (up from zł0.27 in FY 2022). Revenue: zł142.4m (up 29% from FY 2022). Net income: zł5.95m (up 135% from FY 2022). Profit margin: 4.2% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Construction industry in Poland. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 22
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 6.9% 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 Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (zł74.4m market cap, or US$18.7m). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł7.84, the stock trades at a trailing P/E ratio of 42.9x. Average forward P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł7.40, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 12x in the Construction industry in Poland. Total returns to shareholders of 258% over the past three years. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: zł0.11 (vs zł0.07 in 3Q 2022) Third quarter 2023 results: EPS: zł0.11 (up from zł0.07 in 3Q 2022). Revenue: zł42.0m (up 78% from 3Q 2022). Net income: zł971.0k (up 45% from 3Q 2022). Profit margin: 2.3% (down from 2.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 03
Second quarter 2023 earnings released: EPS: zł0.18 (vs zł0.11 in 2Q 2022) Second quarter 2023 results: EPS: zł0.18 (up from zł0.11 in 2Q 2022). Revenue: zł31.9m (flat on 2Q 2022). Net income: zł1.72m (up 77% from 2Q 2022). Profit margin: 5.4% (up from 3.0% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 47% per year. Upcoming Dividend • Aug 04
Upcoming dividend of zł0.11 per share at 1.6% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 28 August 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.6%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.4%). New Risk • Jul 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (zł71.1m market cap, or US$17.5m). Announcement • May 31
Atrem S.A., Annual General Meeting, Jun 26, 2023 Atrem S.A., Annual General Meeting, Jun 26, 2023, at 11:00 Central European Standard Time. Reported Earnings • May 30
First quarter 2023 earnings released: zł0.18 loss per share (vs zł0.021 profit in 1Q 2022) First quarter 2023 results: zł0.18 loss per share (down from zł0.021 profit in 1Q 2022). Revenue: zł19.0m (down 42% from 1Q 2022). Net loss: zł1.70m (down zł1.89m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to zł6.16, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 390% over the past three years. Reported Earnings • Nov 27
Third quarter 2022 earnings released: EPS: zł0.07 (vs zł0.08 loss in 3Q 2021) Third quarter 2022 results: EPS: zł0.07 (up from zł0.08 loss in 3Q 2021). Revenue: zł23.7m (down 22% from 3Q 2021). Net income: zł669.0k (up zł1.41m from 3Q 2021). Profit margin: 2.8% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł2.92, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Construction industry in Poland. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł3.90, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 7x in the Construction industry in Poland. Total returns to shareholders of 111% over the past three years. Upcoming Dividend • Sep 05
Upcoming dividend of zł0.66 per share Eligible shareholders must have bought the stock before 12 September 2022. Payment date: 21 September 2022. Trailing yield: 14%. Within top quartile of Polish dividend payers (9.3%). Lower than average of industry peers (17%). Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: zł0.11 (vs zł0.09 in 2Q 2021) Second quarter 2022 results: EPS: zł0.11 (up from zł0.09 in 2Q 2021). Revenue: zł32.2m (up 46% from 2Q 2021). Net income: zł974.0k (up 23% from 2Q 2021). Profit margin: 3.0% (down from 3.6% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to zł4.69, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Construction industry in Poland. Total returns to shareholders of 125% over the past three years. Announcement • May 20
Atrem S.A., Annual General Meeting, Jun 13, 2022 Atrem S.A., Annual General Meeting, Jun 13, 2022, at 12:00 Central European Standard Time. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: zł0.67 (vs zł0.26 in FY 2020) Full year 2021 results: EPS: zł0.67 (up from zł0.26 in FY 2020). Revenue: zł100.6m (up 16% from FY 2020). Net income: zł6.18m (up 160% from FY 2020). Profit margin: 6.1% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 36% share price gain to zł3.15, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 52% over the past three years. Is New 90 Day High Low • Mar 15
New 90-day high: zł3.17 The company is up 51% from a price of zł2.10 on 15 December 2020. Outperformed the Polish market which is up 7.0% over the last 90 days. Exceeded the Construction industry, which is up 25% over the same period.