Announcement • May 28
Novita S.A., Annual General Meeting, Jun 24, 2026 Novita S.A., Annual General Meeting, Jun 24, 2026, at 12:00 Central European Standard Time. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: zł1.69 (vs zł1.93 in 1Q 2025) First quarter 2026 results: EPS: zł1.69 (down from zł1.93 in 1Q 2025). Revenue: zł44.9m (down 9.7% from 1Q 2025). Net income: zł4.21m (down 13% from 1Q 2025). Profit margin: 9.4% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł116, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Luxury industry in Poland. Total returns to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Feb 27
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to zł116. The fair value is estimated to be zł91.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Dec 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to zł115. The fair value is estimated to be zł94.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Dec 02
Upcoming dividend of zł8.00 per share Eligible shareholders must have bought the stock before 09 December 2025. Payment date: 18 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Polish dividend payers (7.3%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: zł2.06 (vs zł2.92 in 3Q 2024) Third quarter 2025 results: EPS: zł2.06 (down from zł2.92 in 3Q 2024). Revenue: zł44.6m (down 16% from 3Q 2024). Net income: zł5.16m (down 29% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Nov 06
Novita S.A. to Report Q3, 2025 Results on Nov 07, 2025 Novita S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 Buy Or Sell Opportunity • Oct 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to zł99.60. The fair value is estimated to be zł82.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has declined by 2.8%. Buy Or Sell Opportunity • Oct 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to zł99.00. The fair value is estimated to be zł82.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has declined by 2.8%. Reported Earnings • Sep 14
Second quarter 2025 earnings released: EPS: zł2.15 (vs zł2.97 in 2Q 2024) Second quarter 2025 results: EPS: zł2.15 (down from zł2.97 in 2Q 2024). Revenue: zł46.1m (down 11% from 2Q 2024). Net income: zł5.36m (down 28% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Announcement • Aug 21
Novita S.A. to Report First Half, 2025 Results on Sep 12, 2025 Novita S.A. announced that they will report first half, 2025 results on Sep 12, 2025 Announcement • May 28
Novita S.A., Annual General Meeting, Jun 24, 2025 Novita S.A., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Dec 09
Upcoming dividend of zł3.20 per share Eligible shareholders must have bought the stock before 16 December 2024. Payment date: 27 December 2024. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 7.7%. Lower than top quartile of Polish dividend payers (8.1%). Higher than average of industry peers (1.8%). New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 3.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Market cap is less than US$100m (zł297.5m market cap, or US$73.7m). Reported Earnings • Sep 06
Second quarter 2024 earnings released: EPS: zł2.97 (vs zł1.02 in 2Q 2023) Second quarter 2024 results: EPS: zł2.97 (up from zł1.02 in 2Q 2023). Revenue: zł51.6m (up 33% from 2Q 2023). Net income: zł7.41m (up 192% from 2Q 2023). Profit margin: 14% (up from 6.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 18
Upcoming dividend of zł9.20 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 07 August 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.5%. Lower than top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (3.7%). Buy Or Sell Opportunity • Jul 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to zł120. The fair value is estimated to be zł99.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 41%. Announcement • May 31
Novita S.A., Annual General Meeting, Jun 26, 2024 Novita S.A., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to zł120. The fair value is estimated to be zł98.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 41%. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł116, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 17x in the Luxury industry in Poland. Total loss to shareholders of 36% over the past three years. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: zł1.97 (vs zł3.80 in 1Q 2023) First quarter 2024 results: EPS: zł1.97 (down from zł3.80 in 1Q 2023). Revenue: zł46.5m (down 18% from 1Q 2023). Net income: zł4.91m (down 48% from 1Q 2023). Profit margin: 11% (down from 17% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: zł9.31 (vs zł8.55 in FY 2022) Full year 2023 results: EPS: zł9.31 (up from zł8.55 in FY 2022). Revenue: zł184.9m (down 26% from FY 2022). Net income: zł23.3m (up 9.0% from FY 2022). Profit margin: 13% (up from 8.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 11
Upcoming dividend of zł4.00 per share at 9.0% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 28 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.0%. Within top quartile of Polish dividend payers (7.9%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: zł1.67 (vs zł1.25 in 3Q 2022) Third quarter 2023 results: EPS: zł1.67 (up from zł1.25 in 3Q 2022). Revenue: zł43.5m (down 36% from 3Q 2022). Net income: zł4.17m (up 34% from 3Q 2022). Profit margin: 9.6% (up from 4.6% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be zł153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 17%. Buying Opportunity • Sep 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be zł148, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 17%. Reported Earnings • Sep 12
Second quarter 2023 earnings released: EPS: zł1.02 (vs zł2.23 in 2Q 2022) Second quarter 2023 results: EPS: zł1.02 (down from zł2.23 in 2Q 2022). Revenue: zł38.9m (down 36% from 2Q 2022). Net income: zł2.54m (down 54% from 2Q 2022). Profit margin: 6.5% (down from 9.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buying Opportunity • Sep 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be zł152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 4.2%. Buying Opportunity • Aug 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be zł152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 4.2%. Upcoming Dividend • Jun 23
Upcoming dividend of zł12.00 per share Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 17 July 2023. The company last paid an ordinary dividend in August 2012. The average dividend yield among industry peers is 1.5%. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to zł172, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 7x in the Luxury industry in Poland. Total returns to shareholders of 225% over the past three years. Announcement • May 23
Novita S.A., Annual General Meeting, Jun 14, 2023 Novita S.A., Annual General Meeting, Jun 14, 2023, at 11:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł127, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 7x in the Luxury industry in Poland. Total returns to shareholders of 216% over the past three years. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: zł8.55 (vs zł19.90 in FY 2021) Full year 2022 results: EPS: zł8.55 (down from zł19.90 in FY 2021). Revenue: zł248.8m (up 12% from FY 2021). Net income: zł21.4m (down 57% from FY 2021). Profit margin: 8.6% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 10
Now 25% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be zł131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 25%. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to zł117, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 7x in the Luxury industry in Poland. Total returns to shareholders of 241% over the past three years. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł67.6m (up 45% from 3Q 2021). Net income: zł3.12m (down 63% from 3Q 2021). Profit margin: 4.6% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł90.00, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 4x in the Luxury industry in Poland. Total returns to shareholders of 194% over the past three years. Reported Earnings • Sep 11
Second quarter 2022 earnings released: EPS: zł2.23 (vs zł6.03 in 2Q 2021) Second quarter 2022 results: EPS: zł2.23 (down from zł6.03 in 2Q 2021). Revenue: zł60.6m (up 3.3% from 2Q 2021). Net income: zł5.57m (down 63% from 2Q 2021). Profit margin: 9.2% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 42% per year. Announcement • Jun 07
Novita S.A., Annual General Meeting, Jun 29, 2022 Novita S.A., Annual General Meeting, Jun 29, 2022, at 11:00 Central European Standard Time. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: zł2.23 (vs zł6.95 in 1Q 2021) First quarter 2022 results: EPS: zł2.23 (down from zł6.95 in 1Q 2021). Revenue: zł57.6m (down 5.7% from 1Q 2021). Net income: zł5.57m (down 68% from 1Q 2021). Profit margin: 9.7% (down from 28% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł118, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 8x in the Luxury industry in Poland. Total returns to shareholders of 250% over the past three years. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: zł19.90 (vs zł16.28 in FY 2020) Full year 2021 results: EPS: zł19.90 (up from zł16.28 in FY 2020). Revenue: zł221.4m (up 10% from FY 2020). Net income: zł49.8m (up 22% from FY 2020). Profit margin: 23% (up from 20% 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 64% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł127, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Luxury industry in Poland. Total returns to shareholders of 262% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł162, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 25x in the Luxury industry in Poland. Total returns to shareholders of 395% over the past three years. Upcoming Dividend • Dec 06
Upcoming dividend of zł9.20 per share Eligible shareholders must have bought the stock before 13 December 2021. Payment date: 21 December 2021. Trailing yield: 6.3%. Lower than top quartile of Polish dividend payers (6.7%). Higher than average of industry peers (1.0%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS zł3.34 (vs zł4.76 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł46.7m (down 9.5% from 3Q 2020). Net income: zł8.35m (down 30% from 3Q 2020). Profit margin: 18% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS zł3.34 (vs zł4.76 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł46.7m (down 9.5% from 3Q 2020). Net income: zł8.35m (down 30% from 3Q 2020). Profit margin: 18% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 16% share price gain to zł172, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 9x in the Luxury industry in Poland. Total returns to shareholders of 356% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł144, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 8x in the Luxury industry in Poland. Total returns to shareholders of 270% over the past three years. Reported Earnings • Sep 18
Second quarter 2021 earnings released: EPS zł6.03 (vs zł3.85 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł58.7m (up 16% from 2Q 2020). Net income: zł15.1m (up 56% from 2Q 2020). Profit margin: 26% (up from 19% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of zł12.00 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 14 July 2021. Trailing yield: 5.2%. Lower than top quartile of Polish dividend payers (5.7%). Higher than average of industry peers (0.9%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS zł6.95 (vs zł1.87 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł61.1m (up 35% from 1Q 2020). Net income: zł17.4m (up 272% from 1Q 2020). Profit margin: 28% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 15% share price gain to zł195, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 40x in the Luxury industry in Poland. Total returns to shareholders of 355% over the past three years. Is New 90 Day High Low • Mar 11
New 90-day high: zł160 The company is up 24% from its price of zł130 on 11 December 2020. The Polish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market pulls back on stock over the past week After last week's 17% share price decline to zł131, the stock is trading at a trailing P/E ratio of 10.4x, down from the previous P/E ratio of 12.6x. This compares to an average P/E of 29x in the Luxury industry in Poland. Total returns to shareholders over the past three years are 194%. Is New 90 Day High Low • Nov 11
New 90-day high: zł140 The company is up 43% from its price of zł97.80 on 12 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 2.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS zł4.76 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł51.6m (up 45% from 3Q 2019). Net income: zł11.9m (up 181% from 3Q 2019). Profit margin: 23% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Oct 06
New 90-day high: zł133 The company is up 56% from its price of zł85.20 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 Luxury industry, which is up 3.0% over the same period.