Announcement • Jun 02
Forever Entertainment S.A., Annual General Meeting, Jun 30, 2026 Forever Entertainment S.A., Annual General Meeting, Jun 30, 2026, at 13:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł8.07m (up 17% from 1Q 2025). Net income: zł2.13m (up 4.4% from 1Q 2025). Profit margin: 26% (down from 30% in 1Q 2025). The decrease in margin was driven by higher expenses. Announcement • May 19
Forever Entertainment S.A. announces Annual dividend, payable on August 31, 2026 Forever Entertainment S.A. announced Annual dividend of PLN 0.1000 per share payable on August 31, 2026, ex-date on August 14, 2026 and record date on August 17, 2026. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł2.98, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 12x in the Entertainment industry in Poland. Total loss to shareholders of 38% over the past three years. New Risk • Feb 06
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 7.1% 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 Earnings have declined by 5.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (zł73.4m market cap, or US$20.5m). Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł2.39, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 12x in the Entertainment industry in Poland. Total loss to shareholders of 54% over the past three years. Announcement • Jan 09
Forever Entertainment S.A., Annual General Meeting, Feb 09, 2026 Forever Entertainment S.A., Annual General Meeting, Feb 09, 2026, at 13:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł2.90, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 11x in the Entertainment industry in Poland. Total loss to shareholders of 45% over the past three years. Announcement • Nov 12
Forever Entertainment S.A. to Report Q3, 2025 Results on Nov 14, 2025 Forever Entertainment S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Upcoming Dividend • Sep 10
Upcoming dividend of zł0.06 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Polish dividend payers (7.3%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł5.85m (down 37% from 2Q 2024). Net income: zł2.43m (down 20% from 2Q 2024). Profit margin: 42% (up from 33% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jun 02
Dividend of zł0.06 announced Dividend of zł0.06 is the same as last year. Ex-date: 17th September 2025 Payment date: 15th December 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 26% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Buy Or Sell Opportunity • May 28
Now 27% overvalued Over the last 90 days, the stock has fallen 15% to zł3.73. The fair value is estimated to be zł2.93, 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 20%. Reported Earnings • Mar 24
Full year 2024 earnings released Full year 2024 results: Revenue: zł27.8m (down 11% from FY 2023). Net income: zł6.73m (up 14% from FY 2023). Profit margin: 24% (up from 19% in FY 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł4.27, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 14x in the Entertainment industry in Poland. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł3.36, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Entertainment industry in Poland. Total loss to shareholders of 49% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of zł0.06 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Polish dividend payers (7.9%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł9.23m (up 20% from 2Q 2023). Net income: zł3.05m (up 85% from 2Q 2023). Profit margin: 33% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Jul 19
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: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (zł136.0m market cap, or US$34.5m). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł4.36, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 19x in the Entertainment industry in Poland. Total loss to shareholders of 34% over the past three years. Announcement • May 31
Forever Entertainment S.A., Annual General Meeting, Jun 26, 2024 Forever Entertainment S.A., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł6.35m (down 18% from 1Q 2023). Net income: zł1.04m (down 17% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 21
Full year 2023 earnings released Full year 2023 results: Revenue: zł31.2m (down 22% from FY 2022). Net income: zł5.89m (down 39% from FY 2022). Profit margin: 19% (down from 24% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł3.23, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł3.68, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 22x in the Entertainment industry in Poland. Total loss to shareholders of 55% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of zł0.10 per share at 2.2% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 29 September 2023. Trailing yield: 2.2%. Lower than top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł7.68m (down 54% from 2Q 2022). Net income: zł1.65m (down 73% from 2Q 2022). Profit margin: 21% (down from 36% 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 34% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Jun 04
Forever Entertainment S.A., Annual General Meeting, Jun 30, 2023 Forever Entertainment S.A., Annual General Meeting, Jun 30, 2023, at 13:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł7.75m (up 64% from 1Q 2022). Net income: zł1.25m (up zł1.06m from 1Q 2022). Profit margin: 16% (up from 4.2% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: zł40.1m (up 74% from FY 2021). Net income: zł9.70m (up zł8.13m from FY 2021). Profit margin: 24% (up from 6.8% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • May 20
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł4.74m (down 30% from 1Q 2021). Net income: zł197.8k (down 91% from 1Q 2021). Profit margin: 4.2% (down from 31% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł4.85, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 16x in the Entertainment industry in Poland. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 24% share price gain to zł7.62, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 24x in the Entertainment industry in Poland. Total returns to shareholders of 460% over the past three years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 17% share price gain to zł7.68, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 36x in the Entertainment industry in Poland. Total returns to shareholders of 540% over the past three years. Is New 90 Day High Low • Dec 23
New 90-day low: zł7.75 The company is down 31% from its price of zł11.30 on 24 September 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 25% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: zł8.44 The company is down 28% from its price of zł11.72 on 18 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 16% share price decline to zł8.50, the stock is trading at a trailing P/E ratio of 15x, down from the previous P/E ratio of 17.8x. This compares to an average P/E of 32x in the Entertainment industry in Poland. Total returns to shareholders over the past three years are 431%. Is New 90 Day High Low • Oct 15
New 90-day low: zł10.00 The company is down 27% from its price of zł13.76 on 17 July 2020. The Polish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 1.0% over the same period.