New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł203.6m market cap, or US$55.3m). Announcement • May 19
Introl S.A., Annual General Meeting, Jun 15, 2026 Introl S.A., Annual General Meeting, Jun 15, 2026, at 10:00 Central European Standard Time. Upcoming Dividend • Jan 08
Upcoming dividend of zł0.41 per share Eligible shareholders must have bought the stock before 15 January 2026. Payment date: 21 January 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (7.0%). Lower than average of industry peers (3.9%). Announcement • Dec 16
Introl S.A. announces Annual dividend, payable on January 21, 2026 Introl S.A. announced Annual dividend of PLN 0.4100 per share payable on January 21, 2026, ex-date on January 15, 2026 and record date on January 16, 2026. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: zł0.33 (vs zł0.25 in 3Q 2024) Third quarter 2025 results: EPS: zł0.33 (up from zł0.25 in 3Q 2024). Revenue: zł157.3m (down 3.9% from 3Q 2024). Net income: zł8.39m (up 31% from 3Q 2024). Profit margin: 5.3% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Nov 15
Introl S.A. to Report Q3, 2025 Results on Nov 18, 2025 Introl S.A. announced that they will report Q3, 2025 results on Nov 18, 2025 New Risk • Oct 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 4.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (zł190.7m market cap, or US$51.8m). New Risk • Sep 30
New major risk - Revenue and earnings growth Revenue has declined by 5.1% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 5.1% over the past year. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł194.3m market cap, or US$53.4m). Upcoming Dividend • Sep 19
Upcoming dividend of zł0.24 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 02 October 2025. Trailing yield: 3.1%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.7%). Announcement • Aug 26
Introl S.A. announces Annual dividend, payable on October 02, 2025 Introl S.A. announced Annual dividend of PLN 0.2400 per share payable on October 02, 2025, ex-date on September 26, 2025 and record date on September 29, 2025. Announcement • Aug 21
Introl S.A. to Report First Half, 2025 Results on Sep 04, 2025 Introl S.A. announced that they will report first half, 2025 results on Sep 04, 2025 Upcoming Dividend • May 02
Upcoming dividend of zł0.24 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.8%). Announcement • Apr 09
Introl S.A. announces Annual dividend, payable on May 15, 2025 Introl S.A. announced Annual dividend of PLN 0.2400 per share payable on May 15, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. New Risk • Feb 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Market cap is less than US$100m (zł228.3m market cap, or US$57.2m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: zł0.25 (vs zł0.36 in 3Q 2023) Third quarter 2024 results: EPS: zł0.25 (down from zł0.36 in 3Q 2023). Revenue: zł163.8m (down 5.7% from 3Q 2023). Net income: zł6.43m (down 30% from 3Q 2023). Profit margin: 3.9% (down from 5.3% 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 27% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Sep 06
Second quarter 2024 earnings released: EPS: zł0.33 (vs zł0.33 in 2Q 2023) Second quarter 2024 results: EPS: zł0.33 (up from zł0.33 in 2Q 2023). Revenue: zł158.1m (down 7.8% from 2Q 2023). Net income: zł8.47m (flat on 2Q 2023). Profit margin: 5.4% (up from 4.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
First quarter 2024 earnings released: EPS: zł0.17 (vs zł0.22 in 1Q 2023) First quarter 2024 results: EPS: zł0.17 (down from zł0.22 in 1Q 2023). Revenue: zł147.9m (down 5.0% from 1Q 2023). Net income: zł4.30m (down 25% from 1Q 2023). Profit margin: 2.9% (down from 3.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • May 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Market cap is less than US$100m (zł259.6m market cap, or US$66.2m). Upcoming Dividend • May 21
Upcoming dividend of zł0.24 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 04 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (4.3%). Announcement • May 05
Introl S.A., Annual General Meeting, May 27, 2024 Introl S.A., Annual General Meeting, May 27, 2024, at 09:00 Central European Standard Time. Upcoming Dividend • Apr 01
Upcoming dividend of zł0.24 per share Eligible shareholders must have bought the stock before 08 April 2024. Payment date: 11 April 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (5.1%). Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: zł0.36 (vs zł0.47 in 3Q 2022) Third quarter 2023 results: EPS: zł0.36 (down from zł0.47 in 3Q 2022). Revenue: zł173.6m (up 16% from 3Q 2022). Net income: zł9.16m (down 24% from 3Q 2022). Profit margin: 5.3% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Reported Earnings • Sep 08
Second quarter 2023 earnings released: EPS: zł0.33 (vs zł0.15 in 2Q 2022) Second quarter 2023 results: EPS: zł0.33 (up from zł0.15 in 2Q 2022). Revenue: zł171.4m (up 24% from 2Q 2022). Net income: zł8.40m (up 116% from 2Q 2022). Profit margin: 4.9% (up from 2.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 26% per year. Upcoming Dividend • Aug 14
Upcoming dividend of zł0.34 per share at 2.5% yield Eligible shareholders must have bought the stock before 21 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (5.2%). Announcement • May 26
Introl S.A., Annual General Meeting, Jun 20, 2023 Introl S.A., Annual General Meeting, Jun 20, 2023, at 10:00 Central European Standard Time. Reported Earnings • May 01
Full year 2022 earnings released: EPS: zł0.88 (vs zł0.69 in FY 2021) Full year 2022 results: EPS: zł0.88 (up from zł0.69 in FY 2021). Revenue: zł597.3m (up 23% from FY 2021). Net income: zł22.6m (up 37% from FY 2021). Profit margin: 3.8% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. 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 44% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of zł0.20 per share at 4.1% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Polish dividend payers (8.7%). Lower than average of industry peers (5.1%). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: zł0.48 (vs zł0.26 in 3Q 2021) Third quarter 2022 results: EPS: zł0.48 (up from zł0.26 in 3Q 2021). Revenue: zł150.0m (up 27% from 3Q 2021). Net income: zł12.1m (up 80% from 3Q 2021). Profit margin: 8.0% (up from 5.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 29
Chairman of the Supervisory Board recently bought zł2.1m worth of stock On the 26th of September, Wieslaw Kapral bought around 506k shares on-market at roughly zł4.21 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wieslaw's only on-market trade for the last 12 months. Reported Earnings • Sep 04
Second quarter 2022 earnings released: EPS: zł0.15 (vs zł0.23 loss in 2Q 2021) Second quarter 2022 results: EPS: zł0.15 (up from zł0.23 loss in 2Q 2021). Revenue: zł138.0m (up 29% from 2Q 2021). Net income: zł3.89m (up zł9.83m from 2Q 2021). Profit margin: 2.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 14
Upcoming dividend of zł0.24 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Polish dividend payers (8.1%). Lower than average of industry peers (8.0%). Buying Opportunity • Jun 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be zł5.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Feb 14
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be zł6.91, 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. The company has become profitable over the last 3 years. Upcoming Dividend • Feb 08
Upcoming dividend of zł0.25 per share Eligible shareholders must have bought the stock before 15 February 2022. Payment date: 28 February 2022. The company is paying out more than 100% of its profits and is paying out 99% of its cash flow. Trailing yield: 8.4%. Within top quartile of Polish dividend payers (6.8%). Lower than average of industry peers (12%). Reported Earnings • Sep 08
Third quarter 2020 earnings released: EPS zł0.30 (vs zł0.15 in 3Q 2019) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł117.8m (up 12% from 3Q 2019). Net income: zł7.95m (up 98% from 3Q 2019). Profit margin: 6.7% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 09
Upcoming dividend of zł0.46 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 02 July 2021. Trailing yield: 6.8%. Within top quartile of Polish dividend payers (5.6%). In line with average of industry peers (7.1%). Is New 90 Day High Low • Jan 26
New 90-day high: zł5.30 The company is up 79% from its price of zł2.96 on 28 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to zł5.10, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 6.1x. This compares to an average P/E of 7x in the Electronic industry in Poland. Total returns to shareholders over the past three years are 2.9%. Is New 90 Day High Low • Jan 05
New 90-day high: zł4.92 The company is up 8.0% from its price of zł4.54 on 07 October 2020. The Polish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS zł0.34 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł117.8m (up 12% from 3Q 2019). Net income: zł7.95m (up 98% from 3Q 2019). Profit margin: 6.7% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to zł3.40, 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 8x in the Electronic industry in Poland. Total return to shareholders over the past three years is a loss of 33%. Valuation Update With 7 Day Price Move • Oct 15
Market pulls back on stock over the past week After last week's 18% share price decline to zł3.86, the stock is trading at a trailing P/E ratio of 6.8x, down from the previous P/E ratio of 8.3x. This compares to an average P/E of 8x in the Electronic industry in Poland. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Oct 07
New 90-day high: zł4.54 The company is up 49% from its price of zł3.04 on 09 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period.