Bras S.A.

WSE:BSA Stock Report

Market Cap: zł19.3m

Bras Past Earnings Performance

Past criteria checks 2/6

Bras's earnings have been declining at an average annual rate of -33.4%, while the Professional Services industry saw earnings growing at 9.1% annually. Revenues have been growing at an average rate of 13.8% per year. Bras's return on equity is 20.8%, and it has net margins of 27.4%.

Key information

-33.37%

Earnings growth rate

-33.37%

EPS growth rate

Professional Services Industry Growth23.49%
Revenue growth rate13.82%
Return on equity20.80%
Net Margin27.44%
Next Earnings Update10 Aug 2026

Recent past performance updates

Recent updates

Analysis Article Feb 05

Is Bras (WSE:BSA) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 02

Bras (WSE:BSA) Seems To Be Using A Lot Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 25

Does Bras (WSE:BSA) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Dec 04

Does Bras (WSE:BSA) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 28

Is Bras (WSE:BSA) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Feb 13

Investor Optimism Abounds Bras S.A. (WSE:BSA) But Growth Is Lacking

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") below 12x, you may consider Bras...
Analysis Article May 09

Is Bras (WSE:BSA) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Feb 25

Here's Why I Think Bras (WSE:BSA) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Analysis Article Oct 28

Does Bras (WSE:BSA) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article May 31

Does Bras (WSE:BSA) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Feb 14

Bras (WSE:BSA) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Revenue & Expenses Breakdown

How Bras makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

WSE:BSA Revenue, expenses and earnings (PLN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 264110
31 Dec 254110
30 Sep 255-220
30 Jun 256-230
31 Mar 257-340
31 Dec 249-360
30 Sep 2415-3110
30 Jun 2414-2100
31 Mar 2413-290
31 Dec 2312-180
30 Sep 2311070
30 Jun 2311070
31 Mar 2311070
31 Dec 2211-170
30 Sep 223010
30 Jun 223010
31 Mar 223010
31 Dec 213010
30 Sep 213110
30 Jun 213010
31 Mar 212010
31 Dec 202010
30 Sep 203010
30 Jun 203010
31 Mar 203010
31 Dec 193010
30 Sep 193010
30 Jun 193010
31 Mar 193010
31 Dec 183010
30 Sep 183010
30 Jun 183010
31 Mar 183010
31 Dec 173010
30 Sep 173010
30 Jun 173-110
31 Mar 170-100
31 Dec 163-110
30 Sep 162-110
30 Jun 162010
31 Mar 161000
31 Dec 150000
30 Sep 150-600
30 Jun 150-500

Quality Earnings: BSA has a large one-off gain of PLN618.3K impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: BSA became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BSA has become profitable over the past 5 years, growing earnings by -33.4% per year.

Accelerating Growth: BSA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BSA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (35.7%).


Return on Equity

High ROE: Whilst BSA's Return on Equity (20.8%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 12:37
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bras S.A. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.