Upcoming Dividend • Jun 05
Upcoming dividend of zł3.74 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Polish dividend payers (7.0%). Higher than average of industry peers (4.3%). Reported Earnings • Jun 01
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł263.7m (down 23% from 1Q 2025). Net income: zł13.3m (down 56% from 1Q 2025). Profit margin: 5.0% (down from 8.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 01
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: 4.9% Last year net profit margin: 7.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.9% net profit margin). Announcement • May 12
Dekpol S.A. announces Annual dividend, payable on June 19, 2026 Dekpol S.A. announced Annual dividend of PLN 3.7400 per share payable on June 19, 2026, ex-date on June 12, 2026 and record date on June 15, 2026. Announcement • May 11
Dekpol S.A., Annual General Meeting, Jun 10, 2026 Dekpol S.A., Annual General Meeting, Jun 10, 2026. Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł418.9m (up 45% from 3Q 2024). Net income: zł12.9m (down 25% from 3Q 2024). Profit margin: 3.1% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
Dekpol S.A. to Report Q3, 2025 Results on Nov 21, 2025 Dekpol S.A. announced that they will report Q3, 2025 results on Nov 21, 2025 Buy Or Sell Opportunity • Sep 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to zł85.20. The fair value is estimated to be zł70.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.0%. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł81.00, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Construction industry in Poland. Total returns to shareholders of 306% over the past three years. Reported Earnings • Sep 23
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł503.1m (up 50% from 2Q 2024). Net income: zł33.8m (up 84% from 2Q 2024). Profit margin: 6.7% (up from 5.5% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Aug 22
Dekpol S.A. to Report First Half, 2025 Results on Sep 22, 2025 Dekpol S.A. announced that they will report first half, 2025 results on Sep 22, 2025 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł73.80, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 22x in the Construction industry in Poland. Total returns to shareholders of 225% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of zł3.45 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 22% and the cash payout ratio is 92%. Trailing yield: 3.8%. Lower than top quartile of Polish dividend payers (7.0%). In line with average of industry peers (4.2%). Announcement • Jun 01
Dekpol S.A. announces Annual dividend, payable on July 11, 2025 Dekpol S.A. announced Annual dividend of PLN 3.4500 per share payable on July 11, 2025, ex-date on July 03, 2025 and record date on July 04, 2025. Announcement • May 30
Dekpol S.A., Annual General Meeting, Jun 27, 2025 Dekpol S.A., Annual General Meeting, Jun 27, 2025. Reported Earnings • May 26
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł343.0m (down 2.4% from 1Q 2024). Net income: zł30.4m (up 24% from 1Q 2024). Profit margin: 8.9% (up from 7.0% in 1Q 2024). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł57.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Construction industry in Poland. Total returns to shareholders of 113% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at zł45.00. The fair value is estimated to be zł36.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Dec 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł288.1m (down 42% from 3Q 2023). Net income: zł17.3m (down 46% from 3Q 2023). Profit margin: 6.0% (down from 6.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł393.0m (US$98.7m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł393.0m market cap, or US$98.7m). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł55.20, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 75% over the past three years. Reported Earnings • Sep 26
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł336.0m (up 13% from 2Q 2023). Net income: zł18.4m (up 15% from 2Q 2023). Profit margin: 5.5% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Jul 24
Upcoming dividend of zł2.39 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 31 October 2024. The company last paid an ordinary dividend in April 2017. The average dividend yield among industry peers is 4.7%. Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł351.3m (up 30% from 1Q 2023). Net income: zł24.5m (up 155% from 1Q 2023). Profit margin: 7.0% (up from 3.5% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • May 31
Dekpol S.A., Annual General Meeting, Jun 28, 2024 Dekpol S.A., Annual General Meeting, Jun 28, 2024. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: zł11.86 (vs zł9.42 in FY 2022) Full year 2023 results: EPS: zł11.86 (up from zł9.42 in FY 2022). Revenue: zł1.57b (up 13% from FY 2022). Net income: zł89.3m (up 13% from FY 2022). Profit margin: 5.7% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł57.80, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 108% over the past three years. 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 zł45.80, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 10x in the Construction industry in Poland. Total returns to shareholders of 70% over the past three years. Reported Earnings • Nov 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł496.1m (up 37% from 3Q 2022). Net income: zł32.3m (up 44% from 3Q 2022). Profit margin: 6.5% (up from 6.2% in 3Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Sep 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł298.8m (down 7.1% from 2Q 2022). Net income: zł16.0m (up 29% from 2Q 2022). Profit margin: 5.3% (up from 3.9% in 2Q 2022). The increase in margin was driven by lower expenses. Announcement • Jun 02
Dekpol S.A., Annual General Meeting, Jun 26, 2023 Dekpol S.A., Annual General Meeting, Jun 26, 2023, at 09:00 Central European Standard Time. Reported Earnings • Nov 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł362.6m (up 41% from 3Q 2021). Net income: zł22.5m (up 141% from 3Q 2021). Profit margin: 6.2% (up from 3.6% in 3Q 2021). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 18% share price gain to zł27.20, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 6x in the Construction industry in Poland. Total returns to shareholders of 13% over the past three years. Reported Earnings • Sep 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł321.5m (up 16% from 2Q 2021). Net income: zł12.4m (down 36% from 2Q 2021). Profit margin: 3.9% (down from 7.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 07
Dekpol S.A., Annual General Meeting, Jun 30, 2022 Dekpol S.A., Annual General Meeting, Jun 30, 2022, at 09:00 Central European Standard Time. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS: zł1.67 (vs zł0.90 in 1Q 2021) First quarter 2022 results: EPS: zł1.67 (up from zł0.90 in 1Q 2021). Revenue: zł313.5m (up 61% from 1Q 2021). Net income: zł14.0m (up 87% from 1Q 2021). Profit margin: 4.5% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: zł256.4m (up 17% from 3Q 2020). Net income: zł9.33m (down 16% from 3Q 2020). Profit margin: 3.6% (down from 5.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 26
Second quarter 2021 earnings released: EPS zł2.32 (vs zł3.02 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł277.7m (down 14% from 2Q 2020). Net income: zł19.4m (down 23% from 2Q 2020). Profit margin: 7.0% (down from 7.8% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł195.1m (down 4.9% from 1Q 2020). Net income: zł7.49m (down 7.9% from 1Q 2020). Profit margin: 3.8% (down from 4.0% in 1Q 2020). 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 fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 05
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: zł1.05b (up 37% from FY 2019). Net income: zł52.8m (up 3.9% from FY 2019). Profit margin: 5.0% (down from 6.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improved over the past week After last week's 17% share price gain to zł38.40, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 9x in the Construction industry in Poland. Total loss to shareholders of 7.6% over the past three years. Is New 90 Day High Low • Jan 22
New 90-day high: zł34.00 The company is up 52% from its price of zł22.40 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 Construction industry, which is up 40% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: zł30.60 The company is up 14% from its price of zł26.80 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: zł28.00 The company is up 26% from its price of zł22.20 on 18 September 2020. The Polish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: zł27.40 The company is up 32% from its price of zł20.80 on 20 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 19% share price gain to zł25.60, the stock is trading at a trailing P/E ratio of 3.2x, up from the previous P/E ratio of 2.7x. This compares to an average P/E of 7x in the Construction industry in Poland. Total return to shareholders over the past three years is a loss of 22%. Reported Earnings • Oct 03
First half earnings released Over the last 12 months the company has reported total profits of zł66.6m, up 83% from the prior year. Total revenue was zł876.1m over the last 12 months, down 3.2% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day high: zł25.80 The company is up 21% from its price of zł21.40 on 01 July 2020. The Polish market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 8.0% over the same period. Reported Earnings • Sep 29
First half earnings released Over the last 12 months the company has reported total profits of zł66.6m, up 83% from the prior year. Total revenue was zł876.1m over the last 12 months, down 3.2% from the prior year.