Cyfrowy Polsat S.A.

WSE:CPS Stock Report

Market Cap: zł9.8b

Cyfrowy Polsat Past Earnings Performance

Past criteria checks 0/6

Cyfrowy Polsat's earnings have been declining at an average annual rate of -58.7%, while the Telecom industry saw earnings growing at 18.1% annually. Revenues have been growing at an average rate of 4.2% per year.

Key information

-58.72%

Earnings growth rate

-57.12%

EPS growth rate

Telecom Industry Growth23.96%
Revenue growth rate4.18%
Return on equity-17.54%
Net Margin-17.37%
Next Earnings Update19 Aug 2026

Recent past performance updates

Analysis Article Nov 27

There May Be Reason For Hope In Cyfrowy Polsat's (WSE:CPS) Disappointing Earnings

Cyfrowy Polsat S.A.'s ( WSE:CPS ) earnings announcement last week didn't impress shareholders. However, our analysis...

Recent updates

Narrative Update Jun 03

CPS: Weaker Forward P E Multiple Will Pressure Future Share Returns

Analysts have reiterated a PLN13.54 price target for Cyfrowy Polsat, citing updated assumptions that include a lower forward P/E multiple, a higher profit margin outlook, and a slightly higher discount rate. What's in the News No recent company specific news items were provided in the sources listed, so recent headlines cannot be summarized here.
Narrative Update May 15

CPS: Lower Discount Rate And Weaker Future P/E Will Pressure Returns

Analysts have raised their price target for Cyfrowy Polsat from PLN 12.60 to PLN 13.54, citing updated assumptions around revenue growth, profit margins, a lower discount rate and a revised future P/E estimate. Valuation Changes Fair Value: PLN 13.54, previously PLN 12.60, reflecting a modest uplift in the valuation estimate per share.
Narrative Update Apr 24

CPS: Lower Discount Rate And Higher P/E Will Support Measured Future Returns

Analysts have nudged their price target on Cyfrowy Polsat up from PLN 12.33 to PLN 12.60, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value increased from PLN 12.33 to PLN 12.60, representing a modest uplift in the modelled estimate.
Narrative Update Apr 10

CPS: Slightly Lower Assumptions Will Support Stable Margins And Measured Returns

Analysts have slightly reduced their PLN price target for Cyfrowy Polsat to PLN 12.33 from PLN 12.64. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
Narrative Update Mar 27

CPS: Stable Margins And Modest Assumption Shifts Will Support Measured Returns

Analysts have maintained their PLN 12.64 price target for Cyfrowy Polsat. Only minor adjustments to inputs such as the discount rate and long-term revenue growth assumptions explain the unchanged assessment.
Narrative Update Mar 08

CPS: Stable Margins And Minor Model Tweaks Will Support Measured Returns

Analysts have kept their PLN 12.64 price target for Cyfrowy Polsat unchanged, pointing to only minor tweaks in assumptions such as a slightly higher discount rate and a marginally adjusted future P/E estimate as the main factors behind the refreshed model. Valuation Changes Fair Value: Modelled fair value remains virtually unchanged at PLN 12.64 per share, with the updated figure rounded to PLN 12.64.
Narrative Update Feb 22

CPS: Stable Margins And Upcoming Meeting Will Support Measured Future Returns

Analysts have maintained their PLN fair value estimate for Cyfrowy Polsat at PLN 12.64, making only very small adjustments to inputs such as the discount rate, revenue growth assumptions and future P/E, which results in an unchanged overall price target. What's in the News A Special or Extraordinary Shareholders Meeting is scheduled for December 29, 2025, at 11:00 Central European Standard Time at the registered office at ul.
Narrative Update Feb 07

CPS: Stable Margins And Board Meeting Will Support Measured Future Returns

Analysts now see only a slight adjustment in Cyfrowy Polsat's implied fair value, with their price target moving from €12.63 to €12.64 as they fine tune assumptions around the discount rate, long term revenue growth, profit margins and future P/E. What's in the News Cyfrowy Polsat has scheduled a Special or Extraordinary Shareholders Meeting for December 29, 2025, at 11:00 Central European Standard Time in its registered office at ul.
Narrative Update Jan 24

CPS: Stable Margins And Board Changes Will Support Measured Future Returns

Analysts have trimmed their fair value estimate for Cyfrowy Polsat from €13.08 to €12.63, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E. What's in the News Cyfrowy Polsat has called a Special or Extraordinary Shareholders Meeting for December 29, 2025, scheduled for 11:00 Central European Standard Time at the company’s registered office on ul.
Analysis Article Jan 13

Cyfrowy Polsat S.A.'s (WSE:CPS) Price In Tune With Earnings

With a price-to-earnings (or "P/E") ratio of 21.1x Cyfrowy Polsat S.A. ( WSE:CPS ) may be sending very bearish signals...
Narrative Update Jan 10

CPS: Stable Margins And Governance Changes Will Support Measured Future Returns

Analysts have trimmed their price target on Cyfrowy Polsat to €13.08, reflecting slightly lower discount rate and forward P/E assumptions while keeping their fair value view broadly unchanged. What's in the News Cyfrowy Polsat has scheduled an Extraordinary General Meeting for December 29, 2025, at 11:00 Central European Standard Time at the company’s registered office on ul.
Narrative Update Dec 26

CPS: Cost Discipline And Stable Margins Will Support Measured Future Returns

Analysts have slightly raised their price target for Cyfrowy Polsat to approximately €13.08 from about €13.03. This reflects minor improvements in modeled discount rates and long term earnings multiples, while growth and margin expectations remain broadly unchanged.
Analysis Article Dec 18

Is Cyfrowy Polsat (WSE:CPS) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update Dec 12

CPS: Cost Efficiencies Will Support Margin Recovery After Recent Buy Upgrade

Analysts have modestly lowered their fair value estimate for Cyfrowy Polsat from PLN 14.50 to PLN 13.03, reflecting expectations for slower revenue growth and slimmer profit margins, while also highlighting upside potential with a recently raised PLN 17.20 Street price target. Analyst Commentary Bullish analysts view the recent upgrade and higher target price as a signal that the market may be underestimating Cyfrowy Polsat's ability to stabilize margins and return to a healthier growth trajectory, particularly as cost discipline and portfolio optimization begin to take hold.
Narrative Update Nov 27

CPS: Operational Efficiencies Will Drive Stronger Margins Following Recent Upgrade

Analysts have lowered their price target for Cyfrowy Polsat from PLN 15.10 to PLN 14.50. They cited updated estimates for fair value, discount rates, and expected profit margins.
Analysis Article Nov 27

There May Be Reason For Hope In Cyfrowy Polsat's (WSE:CPS) Disappointing Earnings

Cyfrowy Polsat S.A.'s ( WSE:CPS ) earnings announcement last week didn't impress shareholders. However, our analysis...
Narrative Update Oct 22

Analyst Commentary Highlights Mixed Outlook as Cyfrowy Polsat Faces Lower Price Target and Softer Growth

Analysts have lowered their price target for Cyfrowy Polsat from PLN 16.07 to PLN 15.10, citing softer revenue growth and margin projections. This adjustment comes despite a recent positive upgrade by Erste Group.
Analysis Article Oct 11

An Intrinsic Calculation For Cyfrowy Polsat S.A. (WSE:CPS) Suggests It's 49% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Cyfrowy Polsat fair value estimate is zł28.95 Cyfrowy Polsat...
Analysis Article Sep 20

Cyfrowy Polsat S.A.'s (WSE:CPS) Popularity With Investors Is Clear

It's not a stretch to say that Cyfrowy Polsat S.A.'s ( WSE:CPS ) price-to-earnings (or "P/E") ratio of 15x right now...
Narrative Update Sep 17

5G, Drzezewo Wind Farm And Hydrogen Will Shape Future Markets

The slight reduction in Cyfrowy Polsat’s consensus analyst price target to PLN16.07 reflects largely stable net profit margin and discount rate metrics, indicating valuation adjustments are minimal. Valuation Changes Summary of Valuation Changes for Cyfrowy Polsat The Consensus Analyst Price Target has fallen slightly from PLN16.40 to PLN16.07.
Analysis Article Jul 10

These 4 Measures Indicate That Cyfrowy Polsat (WSE:CPS) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jun 19

Are Investors Undervaluing Cyfrowy Polsat S.A. (WSE:CPS) By 37%?

Key Insights Cyfrowy Polsat's estimated fair value is zł25.20 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article Mar 18

Calculating The Fair Value Of Cyfrowy Polsat S.A. (WSE:CPS)

Key Insights Cyfrowy Polsat's estimated fair value is zł16.13 based on 2 Stage Free Cash Flow to Equity With zł15.17...
User avatar
New Narrative Mar 15

Exclusive Formula 1 Rights Will Strengthen Media Offerings In Coming Years

Expansion of 5G+ network and sports broadcasting rights is expected to drive demand, boost revenue, and enhance competitive position.
Analysis Article Feb 25

Is Cyfrowy Polsat (WSE:CPS) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Dec 13

After Leaping 25% Cyfrowy Polsat S.A. (WSE:CPS) Shares Are Not Flying Under The Radar

Cyfrowy Polsat S.A. ( WSE:CPS ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...
Analysis Article Nov 11

Is Cyfrowy Polsat (WSE:CPS) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 15

Cyfrowy Polsat S.A.'s (WSE:CPS) Share Price Matching Investor Opinion

With a median price-to-earnings (or "P/E") ratio of close to 12x in Poland, you could be forgiven for feeling...
Analysis Article Jul 17

Here's Why Cyfrowy Polsat (WSE:CPS) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 13

Some Shareholders May Object To A Pay Rise For Cyfrowy Polsat S.A.'s (WSE:CPS) CEO This Year

Key Insights Cyfrowy Polsat will host its Annual General Meeting on 20th of June CEO Miroslaw Blaszczyk's total...
Analysis Article May 28

Cyfrowy Polsat S.A.'s (WSE:CPS) 36% Price Boost Is Out Of Tune With Earnings

Cyfrowy Polsat S.A. ( WSE:CPS ) shares have had a really impressive month, gaining 36% after a shaky period beforehand...
Analysis Article May 10

Cyfrowy Polsat S.A. (WSE:CPS) Shares Could Be 44% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Cyfrowy Polsat is zł20.50 based on 2 Stage Free Cash Flow to Equity Cyfrowy...
Analysis Article Apr 19

Cyfrowy Polsat's (WSE:CPS) Weak Earnings May Only Reveal A Part Of The Whole Picture

The subdued market reaction suggests that Cyfrowy Polsat S.A.'s ( WSE:CPS ) recent earnings didn't contain any...
Analysis Article Mar 20

Here's Why Cyfrowy Polsat (WSE:CPS) Is Weighed Down By Its Debt Load

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Feb 21

The Price Is Right For Cyfrowy Polsat S.A. (WSE:CPS)

When close to half the companies in Poland have price-to-earnings ratios (or "P/E's") below 12x, you may consider...
Analysis Article Jan 04

Cyfrowy Polsat S.A.'s (WSE:CPS) Intrinsic Value Is Potentially 75% Above Its Share Price

Key Insights Cyfrowy Polsat's estimated fair value is zł21.19 based on 2 Stage Free Cash Flow to Equity Cyfrowy...
Analysis Article Sep 23

Is Cyfrowy Polsat (WSE:CPS) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Jun 09

Cyfrowy Polsat (WSE:CPS) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 19

Cyfrowy Polsat S.A. (WSE:CPS) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Cyfrowy Polsat S.A. ( WSE:CPS ) shareholders are probably feeling a little disappointed, since its shares fell 2.9% to...
Analysis Article Feb 01

These 4 Measures Indicate That Cyfrowy Polsat (WSE:CPS) Is Using Debt Extensively

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Oct 30

Here's Why Cyfrowy Polsat (WSE:CPS) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Sep 04

Cyfrowy Polsat (WSE:CPS) Is Paying Out A Dividend Of PLN1.20

Cyfrowy Polsat S.A. ( WSE:CPS ) has announced that it will pay a dividend of PLN1.20 per share on the 15th of December...

Revenue & Expenses Breakdown

How Cyfrowy Polsat makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

WSE:CPS Revenue, expenses and earnings (PLN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2614,428-2,50600
31 Dec 2514,324-2,55100
30 Sep 2514,568400910
30 Jun 2514,716580910
31 Mar 2514,580613910
31 Dec 2414,455711910
30 Sep 2414,3066761210
30 Jun 2414,1835481210
31 Mar 2414,0183941210
31 Dec 2313,8122791210
30 Sep 2313,37433800
30 Jun 2313,19045300
31 Mar 2313,12875000
31 Dec 2212,91590000
30 Sep 2212,7511,07800
30 Jun 2212,5123,98400
31 Mar 2212,4434,23400
31 Dec 2112,4444,40900
30 Sep 2112,4274,396-6400
30 Jun 2112,3991,60000
31 Mar 2112,1021,349-2220
31 Dec 2011,9631,14200
30 Sep 2011,7841,1316400
30 Jun 2011,6731,01600
31 Mar 2011,73399190
31 Dec 1911,6761,10100
30 Sep 1911,6098582390
30 Jun 1911,4528534260
31 Mar 1911,1328258080
31 Dec 1810,6868347390
30 Sep 1810,2639306640
30 Jun 189,9199478660
31 Mar 189,7861,0025690
31 Dec 179,8299815530
30 Sep 179,7851,1639590
30 Jun 179,7811,1992940
31 Mar 179,7541,1455600
31 Dec 169,7301,0415710
30 Sep 169,8058771580
30 Jun 169,8321,1015560
31 Mar 169,8581,1685590
31 Dec 159,8231,1635500
30 Sep 159,7349925430
30 Jun 159,7395385390

Quality Earnings: CPS is currently unprofitable.

Growing Profit Margin: CPS is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CPS is unprofitable, and losses have increased over the past 5 years at a rate of 58.7% per year.

Accelerating Growth: Unable to compare CPS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CPS is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-8.3%).


Return on Equity

High ROE: CPS has a negative Return on Equity (-17.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 18:29
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cyfrowy Polsat S.A. is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maurice PatrickBarclays
Ondrej CabejšekBerenberg
Beata Szparaga-WasniewskaBiuro maklerskie mBanku