Duyuru • May 02
Polwax S.A., Annual General Meeting, May 29, 2026 Polwax S.A., Annual General Meeting, May 29, 2026, at 11:00 Central European Standard Time. Duyuru • Nov 06
Polwax S.A. to Report Q3, 2025 Results on Nov 06, 2025 Polwax S.A. announced that they will report Q3, 2025 results on Nov 06, 2025 Duyuru • Aug 21
Polwax S.A. to Report First Half, 2025 Results on Sep 11, 2025 Polwax S.A. announced that they will report first half, 2025 results on Sep 11, 2025 Duyuru • May 08
Polwax S.A., Annual General Meeting, Jun 04, 2025 Polwax S.A., Annual General Meeting, Jun 04, 2025. New Risk • Oct 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€23.6m market cap, or US$25.6m). Reported Earnings • Sep 20
Second quarter 2024 earnings released: zł0.55 loss per share (vs zł0.21 loss in 2Q 2023) Second quarter 2024 results: zł0.55 loss per share (further deteriorated from zł0.21 loss in 2Q 2023). Revenue: zł25.3m (down 5.4% from 2Q 2023). Net loss: zł16.9m (loss widened 155% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Duyuru • Jul 19
Polwax S.A. announced that it expects to receive PLN 30.8 million in funding Polwax SA announced a private placement to issue 30,800,000 Series F Shares at an issue price of PLY 1 per share for the gross proceeds of PLY 30,800,000 on July 18, 2024. The transaction will include participation from new investor MOSTOSTOSTAL ZABRZE . New Risk • Jun 07
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 German stocks, typically moving 9.1% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (€13.5m market cap, or US$14.6m). Reported Earnings • May 26
First quarter 2024 earnings released: zł0.16 loss per share (vs zł0.14 loss in 1Q 2023) First quarter 2024 results: zł0.16 loss per share (further deteriorated from zł0.14 loss in 1Q 2023). Revenue: zł27.2m (down 27% from 1Q 2023). Net loss: zł4.90m (loss widened 10.0% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Duyuru • Apr 26
Polwax S.A., Annual General Meeting, May 20, 2024 Polwax S.A., Annual General Meeting, May 20, 2024, at 10:00 Central European Standard Time. Reported Earnings • Apr 13
Full year 2023 earnings released Full year 2023 results: Revenue: zł252.4m (down 24% from FY 2022). Net loss: zł39.0m (down zł47.4m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jan 20
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €0.41. The fair value is estimated to be €0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 18
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 German stocks, typically moving 8.0% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€14.2m market cap, or US$15.5m). Buying Opportunity • Oct 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 12
Second quarter 2023 earnings released: zł0.21 loss per share (vs zł0.073 profit in 2Q 2022) Second quarter 2023 results: zł0.21 loss per share (down from zł0.073 profit in 2Q 2022). Revenue: zł26.7m (down 55% from 2Q 2022). Net loss: zł6.64m (down 394% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 136% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €0.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • May 09
Polwax S.A., Annual General Meeting, May 24, 2023 Polwax S.A., Annual General Meeting, May 24, 2023, at 14:00 Central European Standard Time. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: zł0.27 (vs zł0.15 in FY 2021) Full year 2022 results: EPS: zł0.27 (up from zł0.15 in FY 2021). Revenue: zł331.2m (up 22% from FY 2021). Net income: zł8.33m (up 74% from FY 2021). Profit margin: 2.5% (up from 1.8% 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 121% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł143.2m (up 61% from 3Q 2021). Net income: zł10.5m (up 228% from 3Q 2021). Profit margin: 7.3% (up from 3.6% in 3Q 2021). The increase in margin was driven by higher revenue. Duyuru • Oct 28
Polwax S.A., Annual General Meeting, Nov 24, 2022 Polwax S.A., Annual General Meeting, Nov 24, 2022, at 11:00 Central European Standard Time. Reported Earnings • Sep 24
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł59.4m (up 79% from 2Q 2021). Net income: zł2.26m (up zł3.36m from 2Q 2021). Profit margin: 3.8% (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 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 30
Upcoming dividend of zł0.08 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 23 July 2022. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.9%). Reported Earnings • May 26
First quarter 2022 earnings released: zł0.055 loss per share (vs zł0.073 loss in 1Q 2021) First quarter 2022 results: zł0.055 loss per share (up from zł0.073 loss in 1Q 2021). Revenue: zł39.5m (up 3.4% from 1Q 2021). Net loss: zł1.71m (loss narrowed 24% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Duyuru • May 21
Polwax S.A., Annual General Meeting, Jun 15, 2022 Polwax S.A., Annual General Meeting, Jun 15, 2022, at 10:30 Central European Standard Time. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: zł0.15 (vs zł0.21 in FY 2020) Full year 2021 results: EPS: zł0.15. Revenue: zł271.9m (up 26% from FY 2020). Net income: zł4.79m (up 58% from FY 2020). Profit margin: 1.8% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Sep 25
Second quarter 2021 earnings released: zł0.036 loss per share (vs zł0.55 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: zł33.2m (up 16% from 2Q 2020). Net loss: zł1.11m (loss narrowed 80% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • May 29
First quarter 2021 earnings released: zł0.073 loss per share (vs zł0.10 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: zł38.2m (up 4.9% from 1Q 2020). Net loss: zł2.25m (loss widened 108% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
Full year 2020 earnings released The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: zł216.5m (flat on FY 2019). Net income: zł3.03m (up zł58.6m from FY 2019). Profit margin: 1.4% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 29
New 90-day high: €0.80 The company is up 32% from its price of €0.61 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: €0.74 The company is up 24% from its price of €0.59 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: €0.73 The company is up 3.0% from its price of €0.71 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: €0.55 The company is down 34% from its price of €0.83 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 2.0% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total losses of zł67.2m, with earnings decreasing by zł85.9m from the prior year. Total revenue was zł205.4m over the last 12 months, down 19% from the prior year. Duyuru • Sep 13
Polwax S.A. to Report First Half, 2020 Results on Sep 28, 2020 Polwax S.A. announced that they will report first half, 2020 results on Sep 28, 2020