Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł79.80, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 97% over the past three years. Buy Or Sell Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to zł86.60. The fair value is estimated to be zł109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 42%. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: zł0.79 (vs zł1.41 in 3Q 2024) Third quarter 2025 results: EPS: zł0.79 (down from zł1.41 in 3Q 2024). Revenue: zł84.6m (down 6.4% from 3Q 2024). Net income: zł18.0m (down 44% from 3Q 2024). Profit margin: 21% (down from 36% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 11
Sygnity S.A. to Report Q3, 2025 Results on Nov 13, 2025 Sygnity S.A. announced that they will report Q3, 2025 results on Nov 13, 2025 Buy Or Sell Opportunity • Sep 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to zł112. The fair value is estimated to be zł92.61, 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. Earnings per share has grown by 39%. Announcement • Aug 21
Sygnity S.A. to Report Q2, 2025 Results on Sep 04, 2025 Sygnity S.A. announced that they will report Q2, 2025 results on Sep 04, 2025 Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: zł2.66 (vs zł1.76 in FY 2023) Full year 2024 results: EPS: zł2.66 (up from zł1.76 in FY 2023). Revenue: zł293.2m (up 26% from FY 2023). Net income: zł60.5m (up 51% from FY 2023). Profit margin: 21% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł77.20, the stock trades at a trailing P/E ratio of 43.9x. Average forward P/E is 15x in the IT industry in Poland. Total returns to shareholders of 688% over the past three years. Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: zł0.33 (vs zł0.22 in 3Q 2023) Third quarter 2024 results: EPS: zł0.33 (up from zł0.22 in 3Q 2023). Revenue: zł69.5m (up 34% from 3Q 2023). Net income: zł7.40m (up 45% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings. Announcement • May 31
Sygnity S.A., Annual General Meeting, Jun 25, 2024 Sygnity S.A., Annual General Meeting, Jun 25, 2024. Price Target Changed • Apr 15
Price target increased by 73% to zł35.80 Up from zł20.70, the current price target is provided by 1 analyst. New target price is 44% below last closing price of zł64.00. Stock is up 65% over the past year. The company posted earnings per share of zł1.76 last year. Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: zł1.76 (vs zł1.39 in FY 2022) Full year 2023 results: EPS: zł1.76 (up from zł1.39 in FY 2022). Revenue: zł233.0m (up 6.3% from FY 2022). Net income: zł40.0m (up 26% from FY 2022). Profit margin: 17% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in Europe. 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 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł65.80, the stock trades at a trailing P/E ratio of 50.3x. Average forward P/E is 15x in the IT industry in Poland. Total returns to shareholders of 509% over the past three years. New Risk • Mar 20
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 7.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł58.00, the stock trades at a trailing P/E ratio of 44.4x. Average forward P/E is 16x in the IT industry in Poland. Total returns to shareholders of 389% over the past three years. Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: zł1.31 (vs zł1.19 in FY 2022) Full year 2023 results: EPS: zł1.31 (up from zł1.19 in FY 2022). Revenue: zł225.4m (up 6.5% from FY 2022). Net income: zł29.7m (up 10% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Europe. 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 64% per year, which means it is well ahead of earnings. New Risk • Nov 05
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
Third quarter 2023 earnings released: EPS: zł0.22 (vs zł0.24 in 3Q 2022) Third quarter 2023 results: EPS: zł0.22 (down from zł0.24 in 3Q 2022). Revenue: zł51.9m (down 4.1% from 3Q 2022). Net income: zł5.11m (down 5.1% from 3Q 2022). Profit margin: 9.8% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Buying Opportunity • Jun 17
Now 27% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be zł46.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 2.9%. Price Target Changed • May 06
Price target increased by 51% to zł20.70 Up from zł13.70, the current price target is provided by 1 analyst. New target price is 35% below last closing price of zł32.00. Stock is up 223% over the past year. The company posted earnings per share of zł1.19 last year. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł35.30, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 17x in the IT industry in Poland. Total returns to shareholders of 917% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł38.50, the stock trades at a trailing P/E ratio of 27.7x. Average forward P/E is 18x in the IT industry in Poland. Total returns to shareholders of 1,275% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to zł32.70, the stock trades at a trailing P/E ratio of 23.5x. Average forward P/E is 19x in the IT industry in Poland. Total returns to shareholders of 848% over the past three years. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: zł0.47 (vs zł0.27 in 1Q 2022) First quarter 2023 results: EPS: zł0.47 (up from zł0.27 in 1Q 2022). Revenue: zł61.9m (up 14% from 1Q 2022). Net income: zł10.7m (up 77% from 1Q 2022). Profit margin: 17% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in Poland. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł25.80, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 19x in the IT industry in Poland. Total returns to shareholders of 581% over the past three years. Reported Earnings • Dec 17
Full year 2022 earnings released: EPS: zł1.19 (vs zł2.06 in FY 2021) Full year 2022 results: EPS: zł1.19 (down from zł2.06 in FY 2021). Revenue: zł211.6m (up 3.7% from FY 2021). Net income: zł27.0m (down 42% from FY 2021). Profit margin: 13% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Poland. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 19% share price gain to zł22.50, the stock trades at a trailing P/E ratio of 16.2x. Average forward P/E is 17x in the IT industry in Poland. Total returns to shareholders of 765% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł18.35, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 17x in the IT industry in Poland. Total returns to shareholders of 590% over the past three years. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 15% share price gain to zł18.40, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 20x in the IT industry in Poland. Total returns to shareholders of 733% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 21% share price gain to zł16.00, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 19x in the IT industry in Poland. Total returns to shareholders of 611% over the past three years. Reported Earnings • Jun 15
Second quarter 2022 earnings released: EPS: zł0.49 (vs zł0.27 in 2Q 2021) Second quarter 2022 results: EPS: zł0.49 (up from zł0.27 in 2Q 2021). Revenue: zł51.3m (up 1.5% from 2Q 2021). Net income: zł11.2m (up 86% from 2Q 2021). Profit margin: 22% (up from 12% in 2Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 5.7% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł9.60, the stock trades at a trailing P/E ratio of 8.2x. Average forward P/E is 21x in the IT industry in Poland. Total returns to shareholders of 225% over the past three years. Buying Opportunity • May 04
Now 23% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be zł12.04, however this is not to be taken as a buy 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 38%. Revenue is forecast to grow by 6.9% in 2 years. Earnings is forecast to decline by 15% in the next 2 years. Price Target Changed • Apr 27
Price target decreased to zł10.70 Down from zł11.70, the current price target is provided by 1 analyst. New target price is 8.9% below last closing price of zł11.75. The company posted earnings per share of zł2.06 last year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 17% share price gain to zł10.55, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 21x in the IT industry in Poland. Total returns to shareholders of 244% over the past three years. Price Target Changed • Mar 04
Price target decreased to zł10.70 Down from zł11.60, the current price target is provided by 1 analyst. New target price is 19% above last closing price of zł9.00. Stock is down 20% over the past year. The company posted earnings per share of zł2.06 last year. Reported Earnings • Feb 27
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: zł0.27 (down from zł1.16 in 1Q 2021). Revenue: zł54.4m (up 3.6% from 1Q 2021). Net income: zł6.02m (down 77% from 1Q 2021). Profit margin: 11% (down from 50% in 1Q 2021). Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 4.8%, compared to a 7.4% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 18
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: zł2.06 (up from zł1.23 in FY 2020). Revenue: zł204.1m (down 11% from FY 2020). Net income: zł46.6m (up 68% from FY 2020). Profit margin: 23% (up from 12% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 4.8%, compared to a 5.4% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 51% per year. Reported Earnings • Aug 18
Third quarter 2021 earnings released: EPS zł0.25 (vs zł0.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł49.8m (down 10% from 3Q 2020). Net income: zł5.56m (down 33% from 3Q 2020). Profit margin: 11% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 18
Price target increased to zł11.60 Up from zł10.60, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of zł10.85. Stock is up 293% over the past year. Is New 90 Day High Low • Mar 09
New 90-day high: zł11.85 The company is up 40% from its price of zł8.48 on 09 December 2020. The Polish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Reported Earnings • Feb 27
First quarter 2021 earnings released: EPS zł1.15 (vs zł0.35 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: zł52.5m (down 18% from 1Q 2020). Net income: zł26.1m (up 230% from 1Q 2020). Profit margin: 50% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 08
New 90-day high: zł10.80 The company is up 35% from its price of zł7.98 on 10 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: zł9.08 The company is up 18% from its price of zł7.68 on 01 October 2020. The Polish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 7.0% over the same period. Reported Earnings • Dec 20
Full year 2020 earnings released: EPS zł1.23 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł230.0m (down 2.0% from FY 2019). Net income: zł27.8m (up 50% from FY 2019). Profit margin: 12% (up from 7.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 07
New 90-day high: zł8.46 The company is up 13% from its price of zł7.50 on 08 September 2020. The Polish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 16% share price gain to zł7.62, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 9x. This compares to an average P/E of 13x in the IT industry in Poland. Total returns to shareholders over the past three years are 134%.