New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 2.5% 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 2.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (zł261.6m market cap, or US$71.9m). Announcement • May 22
Wittchen S.A., Annual General Meeting, Jun 22, 2026 Wittchen S.A., Annual General Meeting, Jun 22, 2026, at 11:00 Central European Standard Time. Buy Or Sell Opportunity • Feb 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to zł17.76. The fair value is estimated to be zł14.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 28%. Buy Or Sell Opportunity • Feb 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.2% to zł17.50. The fair value is estimated to be zł14.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 28%. New Risk • Nov 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 160% Minor Risks High level of debt (62% net debt to equity). Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (zł311.8m market cap, or US$85.3m). Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: zł0.48 (vs zł0.47 in 3Q 2024) Third quarter 2025 results: EPS: zł0.48 (up from zł0.47 in 3Q 2024). Revenue: zł119.8m (up 3.9% from 3Q 2024). Net income: zł8.94m (up 2.4% from 3Q 2024). Profit margin: 7.5% (down from 7.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland. 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. Buy Or Sell Opportunity • Nov 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at zł17.08. The fair value is estimated to be zł21.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has declined by 20%. Revenue is forecast to grow by 9.8% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Announcement • Nov 15
Wittchen S.A. to Report Q3, 2025 Results on Nov 20, 2025 Wittchen S.A. announced that they will report Q3, 2025 results on Nov 20, 2025 Buy Or Sell Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to zł16.42. The fair value is estimated to be zł20.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Buy Or Sell Opportunity • Sep 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to zł16.66. The fair value is estimated to be zł21.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Buy Or Sell Opportunity • Aug 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to zł16.78. The fair value is estimated to be zł21.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 8.6% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 344% Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (zł308.5m market cap, or US$83.6m). Announcement • Aug 22
Wittchen S.A. to Report Q2, 2025 Results on Sep 25, 2025 Wittchen S.A. announced that they will report Q2, 2025 results on Sep 25, 2025 Reported Earnings • May 23
First quarter 2025 earnings released: EPS: zł0.23 (vs zł0.27 in 1Q 2024) First quarter 2025 results: EPS: zł0.23 (down from zł0.27 in 1Q 2024). Revenue: zł93.8m (flat on 1Q 2024). Net income: zł4.22m (down 13% from 1Q 2024). Profit margin: 4.5% (down from 5.2% in 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: zł1.86 (vs zł3.34 in FY 2023) Full year 2024 results: EPS: zł1.86 (down from zł3.34 in FY 2023). Revenue: zł454.2m (down 2.8% from FY 2023). Net income: zł34.2m (down 44% from FY 2023). Profit margin: 7.5% (down from 13% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Apr 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł368.0m (US$97.5m) This is considered a minor 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 107% Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (zł368.0m market cap, or US$97.5m). Price Target Changed • Dec 06
Price target decreased by 21% to zł30.18 Down from zł38.08, the current price target is an average from 2 analysts. New target price is 44% above last closing price of zł21.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of zł2.31 for next year compared to zł3.34 last year. New Risk • Nov 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł403.8m (US$98.2m) This is considered a minor 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Cash payout ratio: 107% Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (zł403.8m market cap, or US$98.2m). Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: zł0.47 (vs zł0.95 in 3Q 2023) Third quarter 2024 results: EPS: zł0.47 (down from zł0.95 in 3Q 2023). Revenue: zł115.3m (down 10.0% from 3Q 2023). Net income: zł8.72m (down 50% from 3Q 2023). Profit margin: 7.6% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 13
Second quarter 2024 earnings released: EPS: zł0.65 (vs zł0.72 in 2Q 2023) Second quarter 2024 results: EPS: zł0.65 (down from zł0.72 in 2Q 2023). Revenue: zł112.8m (up 2.1% from 2Q 2023). Net income: zł11.8m (down 11% from 2Q 2023). Profit margin: 11% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Poland. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 22
Upcoming dividend of zł3.57 per share Eligible shareholders must have bought the stock before 29 July 2024. Payment date: 12 August 2024. The company is paying out more than 100% of its profits and is paying out 75% of its cash flow. Trailing yield: 11%. Within top quartile of Polish dividend payers (7.9%). Higher than average of industry peers (2.4%). Announcement • Jul 05
Wittchen Group Provides Revenue Guidance for the Second Quarter and First Half of 2024 Wittchen Group provided revenue guidance for the second quarter and first half of 2024. for the quarter, the company estimates that it had revenues of PLN 112.1 million (EUR 26 million), up 2% year on year. For the first half, total sales revenue fell by 1% to PLN 205.1 million (EUR 47.6 million). Reported Earnings • May 26
First quarter 2024 earnings released: EPS: zł0.27 (vs zł0.55 in 1Q 2023) First quarter 2024 results: EPS: zł0.27 (down from zł0.55 in 1Q 2023). Revenue: zł93.0m (down 3.5% from 1Q 2023). Net income: zł4.87m (down 52% from 1Q 2023). Profit margin: 5.2% (down from 10% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 14
Price target increased by 7.7% to zł37.40 Up from zł34.74, the current price target is an average from 2 analysts. New target price is 11% above last closing price of zł33.80. Stock is down 23% over the past year. The company is forecast to post earnings per share of zł3.28 for next year compared to zł3.34 last year. Announcement • Apr 27
Wittchen S.A., Annual General Meeting, May 22, 2024 Wittchen S.A., Annual General Meeting, May 22, 2024, at 11:00 Central European Standard Time. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: zł3.34 (vs zł3.44 in FY 2022) Full year 2023 results: EPS: zł3.34 (down from zł3.44 in FY 2022). Revenue: zł467.1m (up 15% from FY 2022). Net income: zł61.3m (down 2.5% from FY 2022). Profit margin: 13% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 40% per year. Reported Earnings • Nov 27
Third quarter 2023 earnings released: EPS: zł0.95 (vs zł0.98 in 3Q 2022) Third quarter 2023 results: EPS: zł0.95 (down from zł0.98 in 3Q 2022). Revenue: zł128.1m (up 8.4% from 3Q 2022). Net income: zł17.4m (down 2.6% from 3Q 2022). Profit margin: 14% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year and the company’s share price has also increased by 47% per year. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł431.5m (US$99.8m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (zł431.5m market cap, or US$99.8m). Buying Opportunity • Sep 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be zł32.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 29% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Reported Earnings • Sep 17
Second quarter 2023 earnings released: EPS: zł0.72 (vs zł0.61 in 2Q 2022) Second quarter 2023 results: EPS: zł0.72 (up from zł0.61 in 2Q 2022). Revenue: zł110.4m (up 27% from 2Q 2022). Net income: zł13.2m (up 19% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to zł27.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 395% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł36.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 356% over the past three years. Buying Opportunity • Jun 02
Now 20% undervalued Over the last 90 days, the stock is up 39%. The fair value is estimated to be zł45.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 8.8% per annum over the same time period. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł40.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 491% over the past three years. Buying Opportunity • Apr 24
Now 21% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be zł44.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 8.8% per annum over the same time period. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: zł3.44 (vs zł2.32 in FY 2021) Full year 2022 results: EPS: zł3.44 (up from zł2.32 in FY 2021). Revenue: zł405.9m (up 46% from FY 2021). Net income: zł62.9m (up 49% from FY 2021). Profit margin: 16% (in line with FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to zł35.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 520% over the past three years. Price Target Changed • Mar 03
Price target increased by 37% to zł34.70 Up from zł25.30, the current price target is provided by 1 analyst. New target price is 33% above last closing price of zł26.00. Stock is up 91% over the past year. The company is forecast to post earnings per share of zł4.29 for next year compared to zł2.32 last year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to zł26.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 156% over the past three years. Buying Opportunity • Sep 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be zł20.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Sep 17
Second quarter 2022 earnings released: EPS: zł0.61 (vs zł0.40 in 2Q 2021) Second quarter 2022 results: EPS: zł0.61 (up from zł0.40 in 2Q 2021). Revenue: zł86.8m (up 62% from 2Q 2021). Net income: zł11.1m (up 51% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be zł24.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 13%. Buying Opportunity • Jun 22
Now 24% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be zł24.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 13%. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł18.75, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 9x in the Specialty Retail industry in Poland. Total returns to shareholders of 45% over the past three years. Buying Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be zł24.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Jun 01
Third quarter 2021 earnings released: EPS: zł0.74 (vs zł0.24 in 3Q 2020) Third quarter 2021 results: EPS: zł0.74 (up from zł0.24 in 3Q 2020). Revenue: zł79.9m (up 39% from 3Q 2020). Net income: zł13.6m (up 218% from 3Q 2020). Profit margin: 17% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • May 03
Wittchen S.A., Annual General Meeting, May 26, 2022 Wittchen S.A., Annual General Meeting, May 26, 2022, at 11:00 Central European Standard Time. Price Target Changed • Apr 27
Price target increased to zł17.20 Up from zł13.60, the current price target is provided by 1 analyst. New target price is 17% below last closing price of zł20.70. Stock is up 86% over the past year. The company posted earnings per share of zł0.73 last year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 16% share price gain to zł17.00, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 9x in the Specialty Retail industry in Poland. Total returns to shareholders of 2.7% over the past three years. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł0.74 (up from zł0.24 in 3Q 2020). Revenue: zł79.9m (up 39% from 3Q 2020). Net income: zł13.6m (up 218% from 3Q 2020). Profit margin: 17% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.6%, compared to a 16% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Oct 01
Price target increased to zł17.20 Up from zł13.60, the current price target is provided by 1 analyst. New target price is 32% above last closing price of zł13.05. Stock is up 81% over the past year. Reported Earnings • Sep 24
Second quarter 2021 earnings released: EPS zł0.41 (vs zł0.076 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł53.5m (up 64% from 2Q 2020). Net income: zł7.35m (up zł8.73m from 2Q 2020). Profit margin: 14% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% 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. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improved over the past week After last week's 16% share price gain to zł12.50, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 15x in the Specialty Retail industry in Poland. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 18% share price gain to zł10.70, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 12x in the Specialty Retail industry in Poland. Total loss to shareholders of 42% over the past three years. Is New 90 Day High Low • Dec 28
New 90-day high: zł9.00 The company is up 22% from its price of zł7.40 on 29 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: zł8.62 The company is up 28% from its price of zł6.74 on 10 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS zł0.24 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: zł57.5m (down 22% from 3Q 2019). Net income: zł4.26m (up 11% from 3Q 2019). Profit margin: 7.4% (up from 5.2% in 3Q 2019). The increase in margin was driven by lower expenses. 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 23% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 16
New 90-day high: zł7.80 The company is up 1.0% from its price of zł7.70 on 18 August 2020. The Polish market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 17% share price gain to zł7.46, the stock is trading at a trailing P/E ratio of 6x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 9x in the Specialty Retail industry in Poland. Total return to shareholders over the past three years is a loss of 55%. Is New 90 Day High Low • Oct 19
New 90-day low: zł6.50 The company is down 19% from its price of zł8.00 on 21 July 2020. The Polish market is down 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 6.0% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of zł22.5m, down 22% from the prior year. Total revenue was zł255.2m over the last 12 months, down 2.0% from the prior year.