New Risk • Aug 04
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 7.2% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-zł4.4m free cash flow). Negative equity (-zł36m). Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (zł49.3m market cap, or US$13.2m). Announcement • Jul 24
Intersport Polska S.A., Annual General Meeting, Sep 25, 2026 Intersport Polska S.A., Annual General Meeting, Sep 25, 2026, at 11:00 Central European Standard Time. New Risk • Mar 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł13m free cash flow). Negative equity (-zł27m). Earnings have declined by 33% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (zł63.2m market cap, or US$16.9m). Reported Earnings • Mar 05
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: zł52.2m (up 12% from 3Q 2025). Net loss: zł5.30m (loss narrowed 44% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 23
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: zł42.1m (down 14% from 2Q 2025). Net loss: zł14.6m (loss widened 21% from 2Q 2025). Reported Earnings • Sep 01
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł40.2m (down 11% from 1Q 2025). Net loss: zł14.1m (loss widened 61% from 1Q 2025). Announcement • Aug 20
Intersport Polska S.A. to Report Q1, 2026 Results on Aug 29, 2025 Intersport Polska S.A. announced that they will report Q1, 2026 results on Aug 29, 2025 New Risk • Aug 15
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł17m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-zł17m). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł77.6m market cap, or US$21.2m). Announcement • Aug 12
Intersport Polska S.A., Annual General Meeting, Sep 26, 2025 Intersport Polska S.A., Annual General Meeting, Sep 26, 2025, at 10:00 Central European Standard Time. Reported Earnings • Feb 26
Third quarter 2025 earnings released: zł0.12 loss per share (vs zł0.15 loss in 3Q 2024) Third quarter 2025 results: zł0.12 loss per share (improved from zł0.15 loss in 3Q 2024). Revenue: zł46.7m (up 1.1% from 3Q 2024). Net loss: zł9.49m (loss narrowed 6.9% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. New Risk • Dec 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 74% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-zł17m). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł63.0m market cap, or US$15.4m). New Risk • Dec 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł46.8m (US$11.4m) This is considered a major 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: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-zł17m). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (zł46.8m market cap, or US$11.4m). Buy Or Sell Opportunity • Dec 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to zł0.50. The fair value is estimated to be zł0.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 40%. Reported Earnings • Dec 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł48.7m (down 6.8% from 2Q 2024). Net loss: zł12.1m (loss narrowed 18% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% 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. New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Negative equity (-zł5.1m). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł43.7m market cap, or US$10.5m). New Risk • Oct 02
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 6.6% 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 Risks Negative equity (-zł5.1m). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (zł42.8m market cap, or US$11.0m). New Risk • Sep 13
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł5.1m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-zł5.1m). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł44.2m market cap, or US$11.4m). Announcement • Aug 13
Intersport Polska S.A., Annual General Meeting, Sep 27, 2024 Intersport Polska S.A., Annual General Meeting, Sep 27, 2024. Reported Earnings • Mar 01
Third quarter 2024 earnings released: zł0.15 loss per share (vs zł0.091 loss in 3Q 2023) Third quarter 2024 results: zł0.15 loss per share (further deteriorated from zł0.091 loss in 3Q 2023). Revenue: zł46.1m (down 26% from 3Q 2023). Net loss: zł10.2m (loss widened 229% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Dec 21
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł52.3m (down 13% from 2Q 2023). Net loss: zł14.7m (down zł18.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Nov 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 105% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-zł21m). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Minor Risk Market cap is less than US$100m (zł74.3m market cap, or US$18.5m). Reported Earnings • Sep 01
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł43.0m (down 25% from 1Q 2023). Net loss: zł10.2m (loss widened 247% from 1Q 2023). Announcement • Aug 23
Halyna Hereha agreed to acquire unknown stakes in Intersport Polska S.A. (WSE:IPO). Halyna Hereha agreed to acquire unknown stakes in Intersport Polska S.A. (WSE:IPO) on August 21, 2023. The transaction is subject to Office of Competition and Consumer Protection. New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł4.2m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-zł11m). Earnings have declined by 9.6% per year over the past 5 years. Market cap is less than US$10m (zł32.4m market cap, or US$7.91m). Announcement • Aug 08
Intersport Polska S.A., Annual General Meeting, Sep 26, 2023 Intersport Polska S.A., Annual General Meeting, Sep 26, 2023, at 10:00 Central European Standard Time. New Risk • Jul 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -zł11m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł4.2m free cash flow). Negative equity (-zł11m). Earnings have declined by 9.3% per year over the past 5 years. Market cap is less than US$10m (zł29.0m market cap, or US$7.25m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Jul 30
Full year 2023 earnings released Full year 2023 results: Revenue: zł239.5m (up 3.3% from FY 2022). Net loss: zł12.8m (loss widened zł11.4m from FY 2022). Reported Earnings • Feb 24
Third quarter 2023 earnings released: EPS: zł0 (vs zł0.013 loss in 3Q 2022) Third quarter 2023 results: EPS: zł0 (improved from zł0.013 loss in 3Q 2022). Revenue: zł62.2k (down 100% from 3Q 2022). Net loss: zł3.1k (loss narrowed 99% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Sep 02
Intersport Polska S.A., Annual General Meeting, Sep 29, 2022 Intersport Polska S.A., Annual General Meeting, Sep 29, 2022, at 10:00 Central European Standard Time. Reported Earnings • Jul 18
Full year 2022 earnings released: zł0.042 loss per share (vs zł0.77 loss in FY 2021) Full year 2022 results: zł0.042 loss per share (up from zł0.77 loss in FY 2021). Revenue: zł231.8m (up 48% from FY 2021). Net loss: zł1.44m (loss narrowed 95% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year whereas the company’s share price has fallen by 31% per year. Reported Earnings • Dec 24
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: zł0.063 (up from zł0.085 loss in 2Q 2021). Revenue: zł56.2m (up 20% from 2Q 2021). Net income: zł2.14m (up zł4.72m from 2Q 2021). Profit margin: 3.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
First quarter 2022 earnings released: zł0.037 loss per share (vs zł0.13 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: zł50.3m (up 43% from 1Q 2021). Net loss: zł1.25m (loss narrowed 69% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 24
Full year 2021 earnings released: zł0.77 loss per share (vs zł0.20 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: zł156.3m (down 25% from FY 2020). Net loss: zł26.4m (loss widened 328% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% 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 • Mar 02
Third quarter 2021 earnings released: zł0.23 loss per share (vs zł0.043 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: zł40.1m (down 26% from 3Q 2020). Net loss: zł6.92m (loss widened 432% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 03
Second quarter 2021 earnings released: zł0.085 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: zł46.7m (down 17% from 2Q 2020). Net loss: zł2.58m (loss narrowed 2.8% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 26
New 90-day low: zł0.90 The company is down 34% from its price of zł1.38 on 28 July 2020. The Polish market is down 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: zł1.19 The company is down 15% from its price of zł1.40 on 10 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 15% over the same period. Reported Earnings • Oct 04
First quarter earnings released Over the last 12 months the company has reported total losses of zł8.73m, with losses widening by 112% from the prior year. Total revenue was zł194.7m over the last 12 months, down 2.1% from the prior year.