New Risk • Jul 15
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 7.5% 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 Earnings have declined by 43% per year over the past 5 years. Market cap is less than US$10m (zł19.3m market cap, or US$5.13m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (zł8.2m revenue, or US$2.2m). Reported Earnings • May 06
Full year 2025 earnings released: zł0.03 loss per share (vs zł0.033 loss in FY 2024) Full year 2025 results: zł0.03 loss per share. Revenue: zł8.21m (down 21% from FY 2024). Net loss: zł285.0k (loss widened 33% from FY 2024). Reported Earnings • Dec 03
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł3.22m (up 5.0% from 3Q 2024). Net income: zł3.54m (up 319% from 3Q 2024). Reported Earnings • Oct 06
Second quarter 2025 earnings released: zł0.081 loss per share (vs zł0.18 loss in 2Q 2024) Second quarter 2025 results: zł0.081 loss per share (improved from zł0.18 loss in 2Q 2024). Revenue: zł645.0k (down 78% from 2Q 2024). Net loss: zł1.45m (loss narrowed 2.4% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. New Risk • Sep 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 Polish stocks, typically moving 7.7% 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 Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (zł23.2m market cap, or US$6.39m). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Revenue is less than US$5m (zł10m revenue, or US$2.8m). Duyuru • Aug 25
SimFabric S.A. to Report First Half, 2025 Results on Sep 30, 2025 SimFabric S.A. announced that they will report first half, 2025 results on Sep 30, 2025 New Risk • Jun 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% 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 Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (zł18.6m market cap, or US$5.04m). Minor Risk Revenue is less than US$5m (zł10m revenue, or US$2.8m). Duyuru • Apr 15
SimFabric S.A., Annual General Meeting, May 12, 2025 SimFabric S.A., Annual General Meeting, May 12, 2025. Reported Earnings • Dec 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł3.07m (flat on 3Q 2023). Net income: zł846.0k (down 83% from 3Q 2023). Profit margin: 28% (down from 165% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to zł2.13, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 14x in the Entertainment industry in Poland. Total loss to shareholders of 89% over the past three years. Reported Earnings • Oct 04
Second quarter 2024 earnings released: zł0.074 loss per share (vs zł0.36 loss in 2Q 2023) Second quarter 2024 results: zł0.074 loss per share (improved from zł0.36 loss in 2Q 2023). Revenue: zł2.94m (down 24% from 2Q 2023). Net loss: zł1.48m (loss narrowed 34% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Duyuru • Jun 05
SimFabric S.A., Annual General Meeting, Jun 27, 2024 SimFabric S.A., Annual General Meeting, Jun 27, 2024. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: zł0.37 (vs zł0.12 in 1Q 2023) First quarter 2024 results: EPS: zł0.37 (up from zł0.12 in 1Q 2023). Revenue: zł3.23m (up 179% from 1Q 2023). Net income: zł1.61m (up 176% from 1Q 2023). Profit margin: 50% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Reported Earnings • May 06
Full year 2023 earnings released: zł0.25 loss per share (vs zł0.54 loss in FY 2022) Full year 2023 results: zł0.25 loss per share (improved from zł0.54 loss in FY 2022). Revenue: zł11.7m (up 87% from FY 2022). Net loss: zł1.29m (loss narrowed 62% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. 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 Polish stocks, typically moving 7.0% 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 Risks Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (zł20.8m market cap, or US$5.25m). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Revenue is less than US$5m (zł9.0m revenue, or US$2.3m). Reported Earnings • Dec 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł3.04m (up zł2.66m from 3Q 2022). Net income: zł5.02m (up 397% from 3Q 2022). Reported Earnings • Oct 05
Second quarter 2023 earnings released: zł0.061 loss per share (vs zł0.09 profit in 2Q 2022) Second quarter 2023 results: zł0.061 loss per share (down from zł0.09 profit in 2Q 2022). Revenue: zł3.85m (up 58% from 2Q 2022). Net loss: zł2.24m (down zł2.54m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 49% per year whereas the company’s share price has fallen by 47% per year. New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings have declined by 2.6% 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 Earnings have declined by 2.6% per year over the past 5 years. Market cap is less than US$10m (zł21.7m market cap, or US$5.33m). Minor Risk Revenue is less than US$5m (zł4.9m revenue, or US$1.2m). New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 2.4% 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 Earnings have declined by 2.4% per year over the past 5 years. Market cap is less than US$10m (zł23.3m market cap, or US$5.70m). Minor Risk Revenue is less than US$5m (zł4.9m revenue, or US$1.2m). Duyuru • Jun 04
SimFabric S.A., Annual General Meeting, Jun 30, 2023 SimFabric S.A., Annual General Meeting, Jun 30, 2023, at 12:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to zł4.95, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 19% share price gain to zł4.33, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 13x in the Entertainment industry in Poland. Total loss to shareholders of 62% over the past year. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: zł0.24 (vs zł0.09 in 3Q 2021) Third quarter 2022 results: EPS: zł0.24 (up from zł0.09 in 3Q 2021). Revenue: zł380.0k (down 74% from 3Q 2021). Net income: zł1.01m (up 70% from 3Q 2021). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 51% share price gain to zł5.36, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 13x in the Entertainment industry in Poland. Total loss to shareholders of 70% over the past year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 18% share price gain to zł3.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 13x in the Entertainment industry in Poland. Total loss to shareholders of 85% over the past year. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorated over the past week After last week's 63% share price decline to zł2.90, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 12x in the Entertainment industry in Poland. Total loss to shareholders of 84% over the past year. Buying Opportunity • Oct 18
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 74%. The fair value is estimated to be zł3.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last year. Earnings per share has declined by 23%. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł8.78, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 14x in the Entertainment industry in Poland. Total loss to shareholders of 57% over the past year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to zł12.10, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to zł11.80, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 38% over the past year. Reported Earnings • May 21
First quarter 2022 earnings released: EPS: zł0.22 (vs zł0.18 in 1Q 2021) First quarter 2022 results: EPS: zł0.22 (up from zł0.18 in 1Q 2021). Revenue: zł2.47m (up 17% from 1Q 2021). Net income: zł1.60m (up 42% from 1Q 2021). Profit margin: 65% (up from 54% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 19% share price gain to zł13.90, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 15x in the Entertainment industry in Poland. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł13.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 16x in the Entertainment industry in Poland. Total loss to shareholders of 43% over the past year. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł12.80, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 19x in the Entertainment industry in Poland. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 20% share price gain to zł13.54, the stock trades at a trailing P/E ratio of 70.5x. Average trailing P/E is 19x in the Entertainment industry in Poland. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł14.58, the stock trades at a trailing P/E ratio of 75.9x. Average trailing P/E is 20x in the Entertainment industry in Poland. Total loss to shareholders of 47% over the past year. Is New 90 Day High Low • Oct 08
New 90-day low: zł24.30 The company is down 73% from its price of zł90.27 on 10 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: zł29.12 The company is down 55% from its price of zł64.90 on 24 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 1.0% over the same period.