Buy Or Sell Opportunity • Jun 26
Now 23% overvalued Over the last 90 days, the stock has fallen 18% to zł5.40. The fair value is estimated to be zł4.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 8.2%. New Risk • Jun 14
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: 1.9% Last year net profit margin: 3.1% 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: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (zł13.4m market cap, or US$3.66m). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to zł6.95, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 25% over the past three years. New Risk • Apr 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 44% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (44% accrual ratio). Market cap is less than US$10m (zł14.9m market cap, or US$4.12m). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Nov 18
Upcoming dividend of zł0.21 per share Eligible shareholders must have bought the stock before 25 November 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł11.20, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 16x in the Media industry in Poland. Total returns to shareholders of 162% over the past three years. Declared Dividend • Oct 08
Dividend increased to zł0.21 Dividend of zł0.21 is 17% higher than last year. Ex-date: 25th November 2025 Payment date: 5th December 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 17% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Oct 07
MPL Verbum S.A. announces Annual dividend, payable on December 05, 2025 MPL Verbum S.A. announced Annual dividend of PLN 0.2100 per share payable on December 05, 2025, ex-date on November 25, 2025 and record date on November 26, 2025. Tillkännagivande • Oct 06
MPL Verbum S.A., Annual General Meeting, Oct 30, 2025 MPL Verbum S.A., Annual General Meeting, Oct 30, 2025, at 16:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł9.90, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 22x in the Media industry in Poland. Total returns to shareholders of 141% over the past three years. Reported Earnings • Sep 13
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł776.7m (up zł769.4m from 1Q 2025). Net income: zł7.30m (up zł7.10m from 1Q 2025). Profit margin: 0.9% (down from 2.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Tillkännagivande • Aug 21
MPL Verbum S.A. to Report Q1, 2026 Results on Sep 11, 2025 MPL Verbum S.A. announced that they will report Q1, 2026 results on Sep 11, 2025 Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to zł10.20, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to zł13.30, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 178% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to zł11.70, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 152% over the past three years. New Risk • Jun 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% 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 Shares are highly illiquid. High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (zł22.6m market cap, or US$6.11m). Reported Earnings • Jun 15
Full year 2025 earnings released: EPS: zł0.44 (vs zł0.40 in FY 2024) Full year 2025 results: EPS: zł0.44 (up from zł0.40 in FY 2024). Revenue: zł37.5m (up 19% from FY 2024). Net income: zł1.07m (up 10% from FY 2024). Profit margin: 2.9% (down from 3.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł9.00, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 69% over the past three years. Reported Earnings • Mar 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł10.6m (down 8.7% from 3Q 2024). Net income: zł457.9k (down 27% from 3Q 2024). Profit margin: 4.3% (down from 5.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł12.80, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 180% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł11.60, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 119% over the past three years. New Risk • Feb 14
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: 2.0% Last year net profit margin: 3.9% 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: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (80% accrual ratio). Market cap is less than US$10m (zł31.3m market cap, or US$7.86m). Minor Risk Profit margins are more than 30% lower than last year (2.0% net profit margin). Buy Or Sell Opportunity • Jan 30
Now 22% undervalued Over the last 90 days, the stock has risen 26% to zł10.00. The fair value is estimated to be zł12.77, 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. Earnings per share has grown by 8.3%. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł11.90, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł10.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł9.40, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 83% over the past three years. Upcoming Dividend • Nov 18
Upcoming dividend of zł0.18 per share Eligible shareholders must have bought the stock before 25 November 2024. Payment date: 06 December 2024. Trailing yield: 2.3%. Lower than top quartile of Polish dividend payers (7.9%). Lower than average of industry peers (5.8%). Tillkännagivande • Oct 04
MPL Verbum S.A., Annual General Meeting, Oct 30, 2024 MPL Verbum S.A., Annual General Meeting, Oct 30, 2024. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 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 Shares are highly illiquid. Market cap is less than US$10m (zł19.4m market cap, or US$5.02m). Minor Risk Latest financial reports are more than 6 months old (reported January 2024 fiscal period end). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł7.90, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł7.95, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 12x in the Media industry in Poland. Total returns to shareholders of 10% over the past three years. Tillkännagivande • May 30
MPL Verbum S.A. to Report Fiscal Year 2024 Results on Sep 26, 2025 MPL Verbum S.A. announced that they will report fiscal year 2024 results at 5:30 PM, Central European Standard Time on Sep 26, 2025 Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł9.90, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 9x in the Media industry in Poland. Total returns to shareholders of 222% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł8.25, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 124% over the past three years. Reported Earnings • Mar 20
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł11.6m (up 28% from 3Q 2023). Net income: zł625.9k (up 91% from 3Q 2023). Profit margin: 5.4% (up from 3.6% in 3Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to zł5.80, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to zł7.25, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to zł5.20, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 73% over the past three years. Reported Earnings • Dec 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł6.76m (up 9.5% from 2Q 2023). Net income: zł636.8k (up 270% from 2Q 2023). Profit margin: 9.4% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to zł5.65, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Nov 17
Upcoming dividend of zł0.15 per share at 2.3% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Polish dividend payers (8.0%). Lower than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł6.60, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 11x in the Media industry in Poland. Total returns to shareholders of 181% over the past three years. Tillkännagivande • Oct 07
MPL Verbum S.A., Annual General Meeting, Oct 31, 2023 MPL Verbum S.A., Annual General Meeting, Oct 31, 2023, at 16:00 Central European Standard Time. New Risk • Sep 28
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: 1.7% Last year net profit margin: 5.1% 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: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (zł16.6m market cap, or US$3.78m). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to zł7.10, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 184% over the past three years. Reported Earnings • Sep 18
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł4.99m (down 5.1% from 1Q 2023). Net income: zł22.2k (down 89% from 1Q 2023). Profit margin: 0.4% (down from 4.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to zł6.40, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 216% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to zł5.00, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 11x in the Media industry in Poland. Total returns to shareholders of 189% over the past three years. New Risk • Jul 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Market cap is less than US$10m (zł14.1m market cap, or US$3.42m). Minor Risk Dividend is not well covered by cash flows (94% cash payout ratio). Reported Earnings • Jun 17
Full year 2023 earnings released: EPS: zł0.37 (vs zł0.32 in FY 2022) Full year 2023 results: EPS: zł0.37 (up from zł0.32 in FY 2022). Revenue: zł26.5m (up 16% from FY 2022). Net income: zł909.6k (up 17% from FY 2022). Profit margin: 3.4% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to zł6.70, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 209% over the past three years. Reported Earnings • Mar 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł9.10m (up 18% from 3Q 2022). Net income: zł327.1k (down 63% from 3Q 2022). Profit margin: 3.6% (down from 11% 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 21% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł4.38, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł4.86, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 10x in the Media industry in Poland. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł3.78, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 8x in the Media industry in Poland. Total returns to shareholders of 182% over the past three years. Reported Earnings • Dec 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł6.17m (up 9.8% from 2Q 2022). Net income: zł172.2k (up 184% from 2Q 2022). Profit margin: 2.8% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 20% share price gain to zł4.62, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 8x in the Media industry in Poland. Total returns to shareholders of 200% over the past three years. Upcoming Dividend • Nov 17
Upcoming dividend of zł0.14 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Polish dividend payers (8.6%). Lower than average of industry peers (6.5%). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.12, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 7x in the Media industry in Poland. Total returns to shareholders of 171% over the past three years. Tillkännagivande • Oct 12
MPL Verbum S.A., Annual General Meeting, Oct 28, 2022 MPL Verbum S.A., Annual General Meeting, Oct 28, 2022, at 16:30 Central European Standard Time. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.10, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 7x in the Media industry in Poland. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł5.05, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 8x in the Media industry in Poland. Total returns to shareholders of 225% over the past three years. Reported Earnings • Jun 15
Full year 2022 earnings released Full year 2022 results: Revenue: zł22.9m (up 7.3% from FY 2021). Net income: zł844.1k (down 7.7% from FY 2021). Profit margin: 3.7% (down from 4.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł6.00, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 8x in the Media industry in Poland. Total returns to shareholders of 345% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł5.80, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 11x in the Media industry in Poland. Total returns to shareholders of 375% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 30% share price gain to zł6.20, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 12x in the Media industry in Poland. Total returns to shareholders of 360% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.16, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 11x in the Media industry in Poland. Total returns to shareholders of 189% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł4.86, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 289% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 23% share price gain to zł6.75, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 441% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł5.35, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 13x in the Media industry in Poland. Total returns to shareholders of 332% over the past three years. Reported Earnings • Dec 17
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: zł5.62m (up 24% from 2Q 2021). Net income: zł60.7k (down 69% from 2Q 2021). Profit margin: 1.1% (down from 4.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 26% share price gain to zł7.65, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 14x in the Media industry in Poland. Total returns to shareholders of 522% over the past three years. Upcoming Dividend • Nov 18
Upcoming dividend of zł0.16 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 06 December 2021. Trailing yield: 2.6%. Lower than top quartile of Polish dividend payers (6.6%). Lower than average of industry peers (3.4%).