Duyuru • Jun 02
Forever Entertainment S.A., Annual General Meeting, Jun 30, 2026 Forever Entertainment S.A., Annual General Meeting, Jun 30, 2026, at 13:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł8.07m (up 17% from 1Q 2025). Net income: zł2.13m (up 4.4% from 1Q 2025). Profit margin: 26% (down from 30% in 1Q 2025). The decrease in margin was driven by higher expenses. Duyuru • May 19
Forever Entertainment S.A. announces Annual dividend, payable on August 31, 2026 Forever Entertainment S.A. announced Annual dividend of PLN 0.1000 per share payable on August 31, 2026, ex-date on August 14, 2026 and record date on August 17, 2026. New Risk • Feb 01
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: Major Risk Earnings have declined by 5.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€16.4m market cap, or US$19.4m). Duyuru • Jan 09
Forever Entertainment S.A., Annual General Meeting, Feb 09, 2026 Forever Entertainment S.A., Annual General Meeting, Feb 09, 2026, at 13:00 Central European Standard Time. Duyuru • Nov 12
Forever Entertainment S.A. to Report Q3, 2025 Results on Nov 14, 2025 Forever Entertainment S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Upcoming Dividend • Sep 10
Upcoming dividend of zł0.06 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł5.85m (down 37% from 2Q 2024). Net income: zł2.43m (down 20% from 2Q 2024). Profit margin: 42% (up from 33% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jun 02
Dividend of zł0.06 announced Shareholders will receive a dividend of zł0.06. Ex-date: 17th September 2025 Payment date: 15th December 2025 Dividend yield will be 7.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 26% per year over the past 3 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Buy Or Sell Opportunity • May 28
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to €0.77. The fair value is estimated to be €0.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 20%. Reported Earnings • Mar 24
Full year 2024 earnings released Full year 2024 results: Revenue: zł27.8m (down 11% from FY 2023). Net income: zł6.73m (up 14% from FY 2023). Profit margin: 24% (up from 19% in FY 2023). The increase in margin was driven by lower expenses. New Risk • Dec 06
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 6.8% 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€24.2m market cap, or US$25.6m). Upcoming Dividend • Sep 12
Upcoming dividend of zł0.06 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł9.23m (up 20% from 2Q 2023). Net income: zł3.05m (up 85% from 2Q 2023). Profit margin: 33% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Duyuru • May 31
Forever Entertainment S.A., Annual General Meeting, Jun 26, 2024 Forever Entertainment S.A., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł6.35m (down 18% from 1Q 2023). Net income: zł1.04m (down 17% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). 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 23% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 22
Full year 2023 earnings released Full year 2023 results: Revenue: zł31.2m (down 22% from FY 2022). Net income: zł5.89m (down 39% from FY 2022). Profit margin: 19% (down from 24% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 12
Upcoming dividend of zł0.10 per share at 2.2% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 29 September 2023. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł7.68m (down 54% from 2Q 2022). Net income: zł1.65m (down 73% from 2Q 2022). Profit margin: 21% (down from 36% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 33% per year. Duyuru • Jun 04
Forever Entertainment S.A., Annual General Meeting, Jun 30, 2023 Forever Entertainment S.A., Annual General Meeting, Jun 30, 2023, at 13:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł7.75m (up 64% from 1Q 2022). Net income: zł1.25m (up zł1.06m from 1Q 2022). Profit margin: 16% (up from 4.2% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: zł40.1m (up 74% from FY 2021). Net income: zł9.70m (up zł8.13m from FY 2021). Profit margin: 24% (up from 6.8% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł4.74m (down 30% from 1Q 2021). Net income: zł197.8k (down 91% from 1Q 2021). Profit margin: 4.2% (down from 31% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • May 18
Forever Entertainment S.A., Annual General Meeting, Jun 13, 2022 Forever Entertainment S.A., Annual General Meeting, Jun 13, 2022, at 13:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.01, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 28x in the Entertainment industry in Germany. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 33% share price gain to €1.70, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 51x in the Entertainment industry in Germany. Total returns to shareholders of 380% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 52% share price gain to €1.80, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 30x in the Entertainment industry in Germany. Total returns to shareholders of 547% over the past three years. Duyuru • Jul 16
Forever Entertainment S.A. (WSE:FOR) and MegaPixel Studio S.A. (WSE:MPS) acquired 40% stake in Mechano Games. Forever Entertainment S.A. (WSE:FOR) and MegaPixel Studio S.A. (WSE:MPS) acquired 40% stake in Mechano Games on July 14, 2021.
Forever Entertainment S.A. (WSE:FOR) and MegaPixel Studio S.A. (WSE:MPS) completed the acquisition of 40% stake in Mechano Games on July 14, 2021. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 16% share price gain to zł1.52, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 37x in the Entertainment industry in Europe. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 23% share price decline to zł1.70, the stock is trading at a trailing P/E ratio of 14.6x, down from the previous P/E ratio of 18.9x. This compares to an average P/E of 33x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 62%. Is New 90 Day High Low • Mar 03
New 90-day high: €2.21 The company is up 37% from its price of €1.60 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 19% share price gain to zł1.97, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 11.8x. This compares to an average P/E of 37x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 32%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 22% share price decline to zł1.54, the stock is trading at a trailing P/E ratio of 13.5x, down from the previous P/E ratio of 17.3x. This compares to an average P/E of 33x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 62%. Is New 90 Day High Low • Dec 18
New 90-day low: €1.58 The company is down 33% from its price of €2.35 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Dec 04
Market pulls back on stock over the past week After last week's 18% share price decline to zł1.64, the stock is trading at a trailing P/E ratio of 14.3x, down from the previous P/E ratio of 17.3x. This compares to an average P/E of 34x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 88%. Valuation Update With 7 Day Price Move • Dec 01
Market pulls back on stock over the past week After last week's 17% share price decline to zł1.61, the stock is trading at a trailing P/E ratio of 13.9x, down from the previous P/E ratio of 16.8x. This compares to an average P/E of 33x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 86%. Is New 90 Day High Low • Dec 01
New 90-day low: €1.61 The company is down 46% from its price of €2.97 on 01 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Nov 25
Market pulls back on stock over the past week After last week's 17% share price decline to zł1.73, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 17.9x. This compares to an average P/E of 36x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 94%. Valuation Update With 7 Day Price Move • Nov 07
Market bids up stock over the past week After last week's 25% share price gain to zł2.11, the stock is trading at a trailing P/E ratio of 15.2x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 33x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 149%. Is New 90 Day High Low • Oct 30
New 90-day low: €1.76 The company is down 45% from its price of €3.20 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 17% share price decline to zł2.05, the stock is trading at a trailing P/E ratio of 15x, down from the previous P/E ratio of 18.1x. This compares to an average P/E of 32x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 137%. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 25% share price gain to zł2.47, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 14.3x. This compares to an average P/E of 33x in the Entertainment industry in Europe. Total returns to shareholders over the past year are 179%. Is New 90 Day High Low • Oct 10
New 90-day low: €2.24 The company is down 22% from its price of €2.88 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 12% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: €2.25 The company is down 20% from its price of €2.82 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period.