Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to zł5.40, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 10x in the Electronic industry in Poland. Total loss to shareholders of 39% over the past three years. Reported Earnings • May 06
Full year 2025 earnings released: EPS: zł0.39 (vs zł1.30 loss in FY 2024) Full year 2025 results: EPS: zł0.39 (up from zł1.30 loss in FY 2024). Revenue: zł100.2m (up 43% from FY 2024). Net income: zł3.07m (up zł13.3m from FY 2024). Profit margin: 3.1% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Apr 28
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 8.3% 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 Earnings have declined by 81% per year over the past 5 years. Market cap is less than US$10m (zł29.3m market cap, or US$8.07m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Dec 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł20.2m (up 32% from 3Q 2024). Net income: zł2.53m (up zł5.33m from 3Q 2024). Profit margin: 13% (up from net loss in 3Q 2024). The move to profitability was primarily 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 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 28
Second quarter 2025 earnings released: zł0.29 loss per share (vs zł0.48 loss in 2Q 2024) Second quarter 2025 results: zł0.29 loss per share (improved from zł0.48 loss in 2Q 2024). Revenue: zł23.2m (up 29% from 2Q 2024). Net loss: zł2.31m (loss narrowed 38% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
OPTeam Spólka Akcyjna to Report First Half, 2025 Results on Sep 25, 2025 OPTeam Spólka Akcyjna announced that they will report first half, 2025 results on Sep 25, 2025 New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (zł33.8m market cap, or US$8.77m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). New Risk • Mar 21
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 8.1% 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 Risk Market cap is less than US$10m (zł35.5m market cap, or US$9.16m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: zł0.19 (vs zł0.063 in 3Q 2022) Third quarter 2023 results: EPS: zł0.19 (up from zł0.063 in 3Q 2022). Revenue: zł20.2m (down 3.1% from 3Q 2022). Net income: zł1.49m (up 202% from 3Q 2022). Profit margin: 7.4% (up from 2.4% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Oct 02
Third quarter 2023 earnings released: zł0.18 loss per share (vs zł0.063 profit in 3Q 2022) Third quarter 2023 results: zł0.18 loss per share (down from zł0.063 profit in 3Q 2022). Revenue: zł19.9m (down 4.6% from 3Q 2022). Net loss: zł1.38m (down 380% from profit in 3Q 2022). New Risk • Jun 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 2023 fiscal period end). Market cap is less than US$100m (zł40.1m market cap, or US$10.0m). Announcement • May 25
OPTeam Spólka Akcyjna, Annual General Meeting, Jun 20, 2024 OPTeam Spólka Akcyjna, Annual General Meeting, Jun 20, 2024. Reported Earnings • Nov 26
Third quarter 2023 earnings released: zł0.18 loss per share (vs zł0.063 profit in 3Q 2022) Third quarter 2023 results: zł0.18 loss per share (down from zł0.063 profit in 3Q 2022). Revenue: zł19.9m (down 4.6% from 3Q 2022). Net loss: zł1.38m (down 380% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 28
Second quarter 2023 earnings released: zł0.02 loss per share (vs zł0.18 loss in 2Q 2022) Second quarter 2023 results: zł0.02 loss per share (improved from zł0.18 loss in 2Q 2022). Revenue: zł24.7m (up 45% from 2Q 2022). Net loss: zł156.3k (loss narrowed 89% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • May 31
OPTeam Spólka Akcyjna, Annual General Meeting, Jun 22, 2023 OPTeam Spólka Akcyjna, Annual General Meeting, Jun 22, 2023. Buying Opportunity • May 23
Now 22% undervalued Over the last 90 days, the stock is up 9.3%. The fair value is estimated to be zł11.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 26
Full year 2022 earnings released Full year 2022 results: Revenue: zł85.9m (up 13% from FY 2021). Net loss: zł987.8k (down 132% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 21
Third quarter 2022 earnings released: EPS: zł0.063 (vs zł0.031 loss in 3Q 2021) Third quarter 2022 results: EPS: zł0.063 (up from zł0.031 loss in 3Q 2021). Revenue: zł20.9m (up 44% from 3Q 2021). Net income: zł493.9k (up zł737.8k from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 24
Second quarter 2022 earnings released: zł0.18 loss per share (vs zł0.059 profit in 2Q 2021) Second quarter 2022 results: zł0.18 loss per share (down from zł0.059 profit in 2Q 2021). Revenue: zł17.1m (up 5.0% from 2Q 2021). Net loss: zł1.40m (down 403% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of zł1.27 per share Eligible shareholders must have bought the stock before 17 June 2022. Payment date: 04 July 2022. Trailing yield: 10%. Within top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (7.6%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: zł0.031 loss per share (vs zł0.31 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: zł14.5m (down 4.9% from 3Q 2020). Net loss: zł243.9k (down 111% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 24
Second quarter 2021 earnings released: EPS zł0.059 (vs zł0.046 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: zł16.2m (up 38% from 2Q 2020). Net income: zł462.0k (up 38% from 2Q 2020). Profit margin: 2.8% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 10
Upcoming dividend of zł12.00 per share Eligible shareholders must have bought the stock before 16 April 2021. Payment date: 27 April 2021. Trailing yield: 43%. Within top quartile of Polish dividend payers (5.2%). Higher than average of industry peers (7.6%). Announcement • Mar 16
OPTeam Spólka Akcyjna, Annual General Meeting, Apr 07, 2021 OPTeam Spólka Akcyjna, Annual General Meeting, Apr 07, 2021, at 11:00 Central European Standard Time. Is New 90 Day High Low • Dec 21
New 90-day low: zł16.00 The company is down 37% from its price of zł25.40 on 22 September 2020. The Polish market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: zł31.00 The company is up 41% from its price of zł22.00 on 02 September 2020. The Polish market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS zł0.31 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł15.3m (up 13% from 3Q 2019). Net income: zł2.28m (up zł2.02m from 3Q 2019). Profit margin: 15% (up from 1.9% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Rementi Investments SA completed the acquisition of Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. from OPTeam Spólka Akcyjna (WSE:OPM), Innova AF II S.à r.l., the management team and other shareholders. Rementi Investments SA signed a share purchase agreement to acquire Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. from OPTeam Spólka Akcyjna (WSE:OPM), Innova AF II S.à r.l., the management team and other shareholders for an enterprise value of approximately €410 million on March 11, 2020 As part of the transaction, OPTEAM will sell 8.69 million shares representing 20.51% stake in Centrum Rozliczen Elektronicznych Polskie ePlatnosci for €68.6 million and the rest of the shares are held by Innova and other holders. The transaction is subject to compliance with the conditions reserved in the Agreement, including obtaining the appropriate consent of the competition protection authority and the Polish Financial Supervision Authority for the performance of the agreement. As on October 15, 2020, the transaction was approved by Poland's Competition and Consumer Protection Office (UOKiK). OPM completed sale of 20.51% stake in Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. for €71.5 million on October 26, 2020.
The transaction is expected to complete at the third quarter of 2020. Piotr Kolodziejczyk and Adam Siwinski of Clairfield International and UBS Group AG (SWX:UBSG) acted as financial advisors while Marcin Studniarek, Richard Jones, Marek Sawicki, Jakub Gubanski and Malgorzata Pasnik of White Case LLP acted as legal advisor to Nets A/S. Pawel Rymarz, Jacek Zawadzki, Monika Kierepa, Iwona Her, Marcin Iwaniszyn and Marek Kanczew of Rymarz Zdort acted as legal advisors to OPTeam Spólka Akcyjna (WSE:OPM) and Innova AF II S.à r.l. BofA Securities is acting as financial advisor to Nets A/S. Morgan Stanley (NYSE:MS) advised Innova AF II S.à r.l. and OPTeam Spólka Akcyjna (WSE:OPM) in the transaction.
Rementi Investments SA completed the acquisition of Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. from OPTeam Spólka Akcyjna (WSE:OPM), Innova AF II S.à r.l., the management team and other shareholders on October 27, 2020. All relevant regulatory authorities have approved the transaction. Is New 90 Day High Low • Oct 06
New 90-day high: zł27.60 The company is up 21% from its price of zł22.80 on 08 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 3.0% over the same period. 