Announcement • Jun 04
Mo-BRUK S.A., Annual General Meeting, Jun 29, 2026 Mo-BRUK S.A., Annual General Meeting, Jun 29, 2026, at 10:00 Central European Standard Time. Declared Dividend • May 18
Dividend increased to zł15.23 Dividend of zł15.23 is 16% higher than last year. Ex-date: 29th July 2026 Payment date: 5th October 2026 Dividend yield will be 4.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 15x earnings). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 25% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1,594% to bring the payout ratio under control. EPS is expected to grow by 149% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 17
Mo-BRUK S.A. announces Annual dividend, payable on October 05, 2026 Mo-BRUK S.A. announced Annual dividend of PLN 15.2300 per share payable on October 05, 2026, ex-date on July 29, 2026 and record date on July 30, 2026. New Risk • May 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Dividend is not well covered by earnings (dividend per share is over 15x earnings per share). Profit margins are more than 30% lower than last year (4.8% net profit margin). Reported Earnings • Apr 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: zł4.33 (down from zł20.08 in FY 2024). Revenue: zł319.9m (up 13% from FY 2024). Net income: zł15.2m (down 78% from FY 2024). Profit margin: 4.8% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 42%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 24
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł83.1m (up 3.9% from 3Q 2024). Net loss: zł38.8m (down 257% from profit in 3Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Nov 15
Mo-BRUK S.A. to Report Q3, 2025 Results on Nov 20, 2025 Mo-BRUK S.A. announced that they will report Q3, 2025 results on Nov 20, 2025 Major Estimate Revision • Sep 23
Consensus EPS estimates fall by 69% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from zł23.94 to zł7.50 per share. Revenue forecast steady at zł315.6m. Net income forecast to grow 29% next year vs 29% growth forecast for Commercial Services industry in Poland. Consensus price target down from zł333 to zł318. Share price was steady at zł284 over the past week. Price Target Changed • Sep 22
Price target decreased by 9.0% to zł318 Down from zł350, the current price target is an average from 5 analysts. New target price is 11% above last closing price of zł286. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of zł7.50 for next year compared to zł20.08 last year. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: zł3.99 (vs zł4.83 in 2Q 2024) Second quarter 2025 results: EPS: zł3.99 (down from zł4.83 in 2Q 2024). Revenue: zł67.5m (up 3.3% from 2Q 2024). Net income: zł13.9m (down 18% from 2Q 2024). Profit margin: 21% (down from 26% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Aug 20
Mo-BRUK S.A. to Report First Half, 2025 Results on Aug 21, 2025 Mo-BRUK S.A. announced that they will report first half, 2025 results on Aug 21, 2025 Upcoming Dividend • Jul 22
Upcoming dividend of zł13.17 per share Eligible shareholders must have bought the stock before 29 July 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Polish dividend payers (7.2%). Higher than average of industry peers (3.8%). Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from zł340.6m to zł332.6m. EPS estimate also fell from zł29.48 per share to zł23.94 per share. Net income forecast to grow 39% next year vs 29% growth forecast for Commercial Services industry in Poland. Consensus price target down from zł380 to zł350. Share price fell 3.7% to zł260 over the past week. Price Target Changed • Jun 05
Price target decreased by 7.9% to zł350 Down from zł380, the current price target is an average from 5 analysts. New target price is 31% above last closing price of zł267. Stock is down 15% over the past year. The company is forecast to post earnings per share of zł23.94 for next year compared to zł20.08 last year. Announcement • May 19
Mo-BRUK S.A., Annual General Meeting, Jun 13, 2025 Mo-BRUK S.A., Annual General Meeting, Jun 13, 2025. Declared Dividend • May 19
Dividend of zł13.17 announced Dividend of zł13.17 is the same as last year. Ex-date: 29th July 2025 Payment date: 30th October 2025 Dividend yield will be 4.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 30% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 17
Mo-BRUK S.A. announces Annual dividend, payable on October 30, 2025 Mo-BRUK S.A. announced Annual dividend of PLN 13.1700 per share payable on October 30, 2025, ex-date on July 29, 2025 and record date on July 30, 2025. Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: zł20.02 (vs zł22.45 in FY 2023) Full year 2024 results: EPS: zł20.02 (down from zł22.45 in FY 2023). Revenue: zł283.9m (up 20% from FY 2023). Net income: zł70.5m (down 11% from FY 2023). Profit margin: 25% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 18
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł80.0m (up 39% from 3Q 2023). Net income: zł24.7m (up 18% from 3Q 2023). Profit margin: 31% (down from 36% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Europe. Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł65.3m (up 15% from 2Q 2023). Net income: zł17.0m (down 19% from 2Q 2023). Profit margin: 26% (down from 37% in 2Q 2023). 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 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 22
Upcoming dividend of zł13.17 per share Eligible shareholders must have bought the stock before 29 July 2024. Payment date: 30 October 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Polish dividend payers (7.9%). Lower than average of industry peers (5.0%). Announcement • Jun 01
Mo-BRUK S.A., Annual General Meeting, Jun 24, 2024 Mo-BRUK S.A., Annual General Meeting, Jun 24, 2024. Announcement • May 31
Mo-Bruk Recommends Dividend Payments for 2023, Payable on October 30, 2024 Mo-Bruk's management board recommends earmarking PLN 46.3 million (EUR 10.85 million) for dividend payments for 2023, which translates into PLN 13.17 (EUR 3.09) per share, the company said in a market filling. The proposed dividend date is July 30, and the dividend payment date is October 30, 2024. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: zł22.45 (vs zł26.23 in FY 2022) Full year 2023 results: EPS: zł22.45 (down from zł26.23 in FY 2022). Revenue: zł237.0m (down 2.6% from FY 2022). Net income: zł78.9m (down 14% from FY 2022). Profit margin: 33% (down from 38% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from zł236.4m to zł228.3m. EPS estimate also fell from zł26.27 per share to zł22.84 per share. Net income forecast to grow 2.2% next year vs 29% growth forecast for Commercial Services industry in Poland. Consensus price target broadly unchanged at zł365. Share price rose 5.5% to zł328 over the past week. Reported Earnings • Nov 14
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł57.5m (down 6.1% from 3Q 2022). Net income: zł20.9m (down 7.1% from 3Q 2022). Profit margin: 36% (in line with 3Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from zł255.5m to zł248.5m. EPS estimate also fell from zł30.02 per share to zł22.69 per share. Net income forecast to grow 11% next year vs 19% growth forecast for Commercial Services industry in Poland. Consensus price target down from zł378 to zł368. Share price fell 2.6% to zł280 over the past week. Reported Earnings • Aug 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł57.0m (down 8.2% from 2Q 2022). Net income: zł21.0m (down 21% from 2Q 2022). Profit margin: 37% (down from 43% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Commercial Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of zł13.17 per share at 11% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 10 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of Polish dividend payers (7.3%). Higher than average of industry peers (7.1%). Major Estimate Revision • Jun 09
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from zł35.66 to zł28.94 per share. Revenue forecast steady at zł259.7m. Net income forecast to grow 13% next year vs 20% growth forecast for Commercial Services industry in Poland. Consensus price target down from zł391 to zł380. Share price rose 4.1% to zł292 over the past week. Announcement • Jun 02
Mo-BRUK S.A., Annual General Meeting, Jun 26, 2023 Mo-BRUK S.A., Annual General Meeting, Jun 26, 2023, at 12:00 Central European Standard Time. Price Target Changed • May 31
Price target increased by 8.1% to zł391 Up from zł361, the current price target is an average from 4 analysts. New target price is 41% above last closing price of zł278. Stock is down 13% over the past year. The company is forecast to post earnings per share of zł35.66 for next year compared to zł26.23 last year. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł286, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total returns to shareholders of 105% over the past three years. Price Target Changed • Nov 16
Price target decreased to zł410 Down from zł466, the current price target is an average from 2 analysts. New target price is 46% above last closing price of zł281. Stock is down 30% over the past year. The company is forecast to post earnings per share of zł30.75 for next year compared to zł32.73 last year. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł62.0m (down 13% from 2Q 2021). Net income: zł26.7m (down 3.9% from 2Q 2021). Profit margin: 43% (up from 39% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the Commercial Services industry in Poland. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 44% per year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 19% share price gain to zł345, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total returns to shareholders of 265% over the past three years. Price Target Changed • Jul 27
Price target decreased to zł441 Down from zł497, the current price target is an average from 3 analysts. New target price is 60% above last closing price of zł276. Stock is down 16% over the past year. The company posted earnings per share of zł32.73 last year. Reported Earnings • May 14
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: zł49.6m (down 18% from 1Q 2021). Net income: zł18.9m (down 32% from 1Q 2021). Profit margin: 38% (down from 46% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 10%, compared to a 26% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 57% per year. Price Target Changed • Apr 27
Price target increased to zł502 Up from zł449, the current price target is an average from 2 analysts. New target price is 29% above last closing price of zł390. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of zł32.61 for next year compared to zł22.12 last year. Upcoming Dividend • Apr 27
Upcoming dividend of zł31.50 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Polish dividend payers (7.4%). Lower than average of industry peers (7.4%). Announcement • Apr 27
Mo-Bruk S.A. Recommends Dividend Payment for the Year 2021 Mo-BRUK S.A. recommended paying out PLN 31.5 DPS or PLN 110.7 million, i.e. almost the entire 2021 profit. Announcement • Apr 01
Mo-BRUK S.A., Annual General Meeting, Apr 25, 2022 Mo-BRUK S.A., Annual General Meeting, Apr 25, 2022, at 12:00 Central European Standard Time. Price Target Changed • Nov 15
Price target increased to zł449 Up from zł380, the current price target is provided by 1 analyst. New target price is 14% above last closing price of zł395. Stock is up 20% over the past year. The company posted earnings per share of zł22.12 last year. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: zł67.2m (up 32% from 3Q 2020). Net income: zł30.8m (up 16% from 3Q 2020). Profit margin: 46% (down from 52% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 07
Price target decreased to zł380 Down from zł429, the current price target is provided by 1 analyst. New target price is 14% above last closing price of zł334. Stock is up 55% over the past year. Upcoming Dividend • Jun 08
Upcoming dividend of zł20.15 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 5.8%. Within top quartile of Polish dividend payers (5.6%). In line with average of industry peers (5.6%). Announcement • May 08
Mo-BRUK S.A. Recommends Dividend for the Year 2020 Mo-Bruk announced that the company recommends paying out PLN 20.15 DPS or PLN 70.78 million, almost the entire 2020 profit. Reported Earnings • May 04
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł178.5m (up 37% from FY 2019). Net income: zł78.7m (up 96% from FY 2019). Profit margin: 44% (up from 31% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 15% share price gain to zł344, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 13x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 1,249%. Is New 90 Day High Low • Feb 12
New 90-day high: zł344 The company is up 5.0% from its price of zł328 on 13 November 2020. The Polish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 16% share price gain to zł286, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.7x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 1,219%. Is New 90 Day High Low • Dec 01
New 90-day low: zł208 The company is down 13% from its price of zł240 on 02 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 16% share price decline to zł272, the stock is trading at a trailing P/E ratio of 14x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 9x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 1,352%. Valuation Update With 7 Day Price Move • Oct 30
Market bids up stock over the past week After last week's 24% share price gain to zł368, the stock is trading at a trailing P/E ratio of 19x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 10x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 1,466%. Is New 90 Day High Low • Oct 27
New 90-day high: zł312 The company is up 27% from its price of zł246 on 29 July 2020. The Polish market is down 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of zł69.2m, up 108% from the prior year. Total revenue was zł166.1m over the last 12 months, up 41% from the prior year. Announcement • Oct 17
Mo-BRUK S.A. to Report Q3, 2020 Results on Oct 19, 2020 Mo-BRUK S.A. announced that they will report Q3, 2020 results on Oct 19, 2020 Is New 90 Day High Low • Oct 06
New 90-day high: zł266 The company is up 23% from its price of zł216 on 08 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. Announcement • Oct 02
An unknown buyer signed a contract to acquire Metals Recycling Plant from Mo-BRUK S.A. (WSE:MBR) for PLN 12 million. An unknown buyer signed a contract to acquire Metals Recycling Plant from Mo-BRUK S.A. (WSE:MBR) for PLN 12 million on October 1, 2020. Under the terms, consideration will be paid in installments by December 31, 2021 and has been secured with a mortgage on the property. in 2019, Metals Recycling Plant generated revenue of PLN 1.5 million and EBITDA of PLN -0.3 million.