Duyuru • 19h
BeLeaf S.A., Annual General Meeting, Jun 29, 2026 BeLeaf S.A., Annual General Meeting, Jun 29, 2026. New Risk • Apr 27
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 8.6% 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 Less than 1 year of cash runway based on free cash flow trend (-zł195k free cash flow). Negative equity (-zł1.3m). Earnings have declined by 67% per year over the past 5 years. Revenue is less than US$1m (zł4.8k revenue, or US$1.3k). Market cap is less than US$10m (zł4.34m market cap, or US$1.20m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Duyuru • Nov 12
BeLeaf S.A. to Report Q3, 2025 Results on Nov 14, 2025 BeLeaf S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Duyuru • May 27
BeLeaf S.A., Annual General Meeting, Jun 26, 2025 BeLeaf S.A., Annual General Meeting, Jun 26, 2025. Duyuru • Jun 05
BeLeaf S.A., Annual General Meeting, Jun 28, 2024 BeLeaf S.A., Annual General Meeting, Jun 28, 2024. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł251k free cash flow). Negative equity (-zł386k). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (zł7.00m market cap, or US$1.75m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: zł46.9k (loss widened zł44.2k from 3Q 2022). Reported Earnings • Aug 14
First half 2023 earnings released First half 2023 results: Net loss: zł75.8k (down 290% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Duyuru • Jun 13
Blue Tax Group S.A., Annual General Meeting, Jun 30, 2023 Blue Tax Group S.A., Annual General Meeting, Jun 30, 2023, at 10:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Net loss: zł32.6k (down 263% from profit in 1Q 2022). 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 100% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: zł764.2k (down 14% from FY 2021). Net loss: zł20.0k (down 117% from profit in FY 2021). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improved over the past week After last week's 20% share price gain to zł4.70, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 19x in the Professional Services industry in Poland. Total returns to shareholders of 370% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł3.26, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 27x in the Professional Services industry in Poland. Total returns to shareholders of 226% over the past three years. Reported Earnings • Aug 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł165.8k (down 16% from 2Q 2021). Net income: zł19.9k (up 105% from 2Q 2021). Profit margin: 12% (up from 4.9% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 43% share price decline to zł2.10, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 26x in the Professional Services industry in Poland. Total returns to shareholders of 110% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 26% share price decline to zł3.34, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 26x in the Professional Services industry in Poland. Total returns to shareholders of 234% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 25% share price decline to zł3.20, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 25x in the Professional Services industry in Poland. Total returns to shareholders of 220% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł201.7k (up 2.4% from 3Q 2020). Net income: zł72.4k (up zł70.9k from 3Q 2020). Profit margin: 36% (up from 0.8% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 01
Second quarter 2021 earnings released: EPS zł0.007 (vs zł0.02 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł197.2k (down 16% from 2Q 2020). Net income: zł9.7k (down 65% from 2Q 2020). Profit margin: 4.9% (down from 12% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 124% 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 • May 17
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: zł273.0k (up 21% from 1Q 2020). Net income: zł29.3k (flat on 1Q 2020). Profit margin: 11% (down from 13% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: zł850.7k (down 24% from FY 2019). Net income: zł14.6k (down 81% from FY 2019). Profit margin: 1.7% (down from 6.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 16
Blue Tax Group S.A., Annual General Meeting, Apr 09, 2021 Blue Tax Group S.A., Annual General Meeting, Apr 09, 2021, at 09:00 Central European Standard Time. Is New 90 Day High Low • Feb 04
New 90-day high: zł2.30 The company is up 22% from its price of zł1.88 on 05 November 2020. The Polish market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is up 40% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: zł2.16 The company is up 19% from its price of zł1.82 on 16 October 2020. The Polish market is also up 19% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Professional Services industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: zł1.43 The company is down 23% from its price of zł1.85 on 15 September 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 3.0% over the same period.