New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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). Revenue is less than US$1m (zł1.1m revenue, or US$304k). Market cap is less than US$10m (zł17.0m market cap, or US$4.67m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Announcement • May 21
Planet B2B S.A., Annual General Meeting, Jun 15, 2026 Planet B2B S.A., Annual General Meeting, Jun 15, 2026, at 09:00 Central European Standard Time. Reported Earnings • May 19
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł271.3k (up 14% from 1Q 2025). Net income: zł124.1k (up 286% from 1Q 2025). Profit margin: 46% (up from 14% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł190.5k (up 1.2% from 3Q 2024). Net income: zł64.0k (down 74% from 3Q 2024). Profit margin: 34% (down from 130% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Nov 13
Planet B2B S.A. to Report Q3, 2025 Results on Nov 14, 2025 Planet B2B S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 18
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł419.4k (up 25% from 2Q 2024). Net income: zł126.1k (up 9.9% from 2Q 2024). Profit margin: 30% (down from 34% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jun 30
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 12% 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 (12% average weekly change). Revenue is less than US$1m (zł953k revenue, or US$264k). Market cap is less than US$10m (zł19.0m market cap, or US$5.26m). Minor Risk Large one-off items impacting financial results. Reported Earnings • May 17
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł238.1k (down 21% from 1Q 2024). Net income: zł32.1k (down 80% from 1Q 2024). Profit margin: 14% (down from 52% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 15
Planet B2B S.A., Annual General Meeting, Jun 09, 2025 Planet B2B S.A., Annual General Meeting, Jun 09, 2025. Buy Or Sell Opportunity • May 08
Now 22% undervalued Over the last 90 days, the stock has risen 44% to zł0.062. The fair value is estimated to be zł0.079, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has grown by 46%. New Risk • Apr 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 228% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (228% accrual ratio). Revenue is less than US$1m (zł2.0m revenue, or US$521k). Market cap is less than US$10m (zł14.3m market cap, or US$3.67m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Buy Or Sell Opportunity • Mar 11
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to zł0.047. The fair value is estimated to be zł0.037, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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). Revenue is less than US$1m (zł1.5m revenue, or US$377k). Market cap is less than US$10m (zł15.5m market cap, or US$3.83m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Buy Or Sell Opportunity • Feb 13
Now 29% overvalued Over the last 90 days, the stock has fallen 8.7% to zł0.047. The fair value is estimated to be zł0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Nov 25
Now 22% overvalued Over the last 90 days, the stock has fallen 3.0% to zł0.049. The fair value is estimated to be zł0.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Nov 05
Now 22% overvalued Over the last 90 days, the stock has fallen 19% to zł0.05. The fair value is estimated to be zł0.041, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł335.0k (up 57% from 2Q 2023). Net income: zł114.7k (up zł146.8k from 2Q 2023). Profit margin: 34% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 28% per year. Buy Or Sell Opportunity • Jul 10
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 10.0% to zł0.05. The fair value is estimated to be zł0.038, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jun 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (36% accrual ratio). Revenue is less than US$1m (zł1.4m revenue, or US$343k). Market cap is less than US$10m (zł13.3m market cap, or US$3.25m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • May 31
Planet B2B S.A., Annual General Meeting, Jun 25, 2024 Planet B2B S.A., Annual General Meeting, Jun 25, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł302.8k (up 73% from 1Q 2023). Net income: zł825.5k (up zł954.1k from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • May 20
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at zł0.049. The fair value is estimated to be zł0.039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł502.9k (up 230% from 3Q 2022). Net income: zł174.2k (up 294% from 3Q 2022). Profit margin: 35% (up from 29% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł502.9k (up 230% from 3Q 2022). Net income: zł174.2k (up 294% from 3Q 2022). Profit margin: 35% (up from 29% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł213.8k (up 67% from 2Q 2022). Net loss: zł32.0k (down 184% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 33% per year. Announcement • Jun 04
Planet B2B S.A., Annual General Meeting, Jun 27, 2023 Planet B2B S.A., Annual General Meeting, Jun 27, 2023, at 09:30 Central European Standard Time. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: zł625.2k (down 54% from FY 2021). Net loss: zł39.8k (down 108% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 24
Now 28% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be zł0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 143% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Dec 27
Now 20% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be zł0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 143% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 26
Planet B2B S.A., Annual General Meeting, Jun 21, 2022 Planet B2B S.A., Annual General Meeting, Jun 21, 2022, at 09:30 Central European Standard Time. Reported Earnings • May 17
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł107.3k (down 14% from 1Q 2021). Net income: zł9.2k (down 85% from 1Q 2021). Profit margin: 8.5% (down from 50% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Is New 90 Day High Low • Jan 13
New 90-day high: zł0.21 The company is up 11% from its price of zł0.19 on 15 October 2020. The Polish market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 4.0% over the same period.