Duyuru • Mar 11
Spyrosoft Spólka Akcyjna (WSE:SPR) signed an agreement to acquire Md Consulting Und Informationsdienste GmbH for an enterprise value of €4.3 million. Spyrosoft Spólka Akcyjna (WSE:SPR) signed an agreement to acquire Md Consulting Und Informationsdienste GmbH for an enterprise value of €4.3 million on March 9, 2026. Under the terms of the agreement, the enterprise value is set at €1.6 million. Additionally, there is a potential earnout of up to €2.7 million, contingent upon the company's performance in 2026.
For the period ending December 31, 2025, Md Consulting Und Informationsdienste GmbH reported total revenue of €4.25 million. Buy Or Sell Opportunity • Jan 09
Now 23% undervalued Over the last 90 days, the stock has risen 7.8% to zł552. The fair value is estimated to be zł718, 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. Earnings per share has grown by 20%. Buy Or Sell Opportunity • Dec 16
Now 22% undervalued Over the last 90 days, the stock has risen 9.2% to zł568. The fair value is estimated to be zł724, 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. Earnings per share has grown by 20%. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: zł7.30 (vs zł7.56 in 3Q 2024) Third quarter 2025 results: EPS: zł7.30 (down from zł7.56 in 3Q 2024). Revenue: zł150.4m (up 26% from 3Q 2024). Net income: zł7.99m (down 3.1% from 3Q 2024). Profit margin: 5.3% (down from 6.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł532, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 20x in the IT industry in Poland. Total returns to shareholders of 59% over the past three years. Reported Earnings • Sep 05
Second quarter 2025 earnings released: EPS: zł7.25 (vs zł7.86 in 2Q 2024) Second quarter 2025 results: EPS: zł7.25 (down from zł7.86 in 2Q 2024). Revenue: zł145.5m (up 41% from 2Q 2024). Net income: zł7.92m (down 7.8% from 2Q 2024). Profit margin: 5.4% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Duyuru • Aug 21
Spyrosoft Spólka Akcyjna to Report First Half, 2025 Results on Sep 04, 2025 Spyrosoft Spólka Akcyjna announced that they will report first half, 2025 results on Sep 04, 2025 Reported Earnings • May 28
First quarter 2025 earnings released: EPS: zł8.28 (vs zł3.13 in 1Q 2024) First quarter 2025 results: EPS: zł8.28 (up from zł3.13 in 1Q 2024). Revenue: zł144.2m (up 33% from 1Q 2024). Net income: zł9.05m (up 165% from 1Q 2024). Profit margin: 6.3% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 15
Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 11, 2025 Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 11, 2025. New Risk • Apr 28
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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to zł516, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 15x in the IT industry in Poland. Total returns to shareholders of 111% over the past three years. New Risk • Jan 05
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 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł528, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł465, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 119% over the past three years. Reported Earnings • Nov 26
Third quarter 2024 earnings released: EPS: zł7.56 (vs zł3.37 in 3Q 2023) Third quarter 2024 results: EPS: zł7.56 (up from zł3.37 in 3Q 2023). Revenue: zł119.8m (up 13% from 3Q 2023). Net income: zł8.25m (up 124% from 3Q 2023). Profit margin: 6.9% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł409.3m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 29
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at zł396. The fair value is estimated to be zł322, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Oct 10
Now 21% overvalued Over the last 90 days, the stock has fallen 6.5% to zł391. The fair value is estimated to be zł322, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Sep 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł103.4m (up 2.7% from 2Q 2023). Net income: zł8.58m (up 359% from 2Q 2023). Profit margin: 8.3% (up from 1.9% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Buy Or Sell Opportunity • Sep 25
Now 22% overvalued Over the last 90 days, the stock has fallen 2.7% to zł394. The fair value is estimated to be zł323, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 13%. Duyuru • May 18
Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 12, 2024 Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 12, 2024. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: zł18.07 (vs zł24.55 in FY 2022) Full year 2023 results: EPS: zł18.07 (down from zł24.55 in FY 2022). Revenue: zł416.1m (up 26% from FY 2022). Net income: zł19.7m (down 26% from FY 2022). Profit margin: 4.7% (down from 8.1% in FY 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 only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to zł522, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 226% over the past three years. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: zł3.37 (vs zł8.28 in 3Q 2022) Third quarter 2023 results: EPS: zł3.37 (down from zł8.28 in 3Q 2022). Revenue: zł105.7m (up 16% from 3Q 2022). Net income: zł3.68m (down 59% from 3Q 2022). Profit margin: 3.5% (down from 9.9% 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 27% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł450, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 13x in the IT industry in Poland. Total returns to shareholders of 183% over the past three years. New Risk • Oct 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: zł421.3m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 29
Second quarter 2023 earnings released: EPS: zł1.72 (vs zł5.26 in 2Q 2022) Second quarter 2023 results: EPS: zł1.72 (down from zł5.26 in 2Q 2022). Revenue: zł100.6m (up 26% from 2Q 2022). Net income: zł1.87m (down 67% from 2Q 2022). Profit margin: 1.9% (down from 7.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 04
Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 29, 2023 Spyrosoft Spólka Akcyjna, Annual General Meeting, Jun 29, 2023, at 12:00 Central European Standard Time. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to zł500, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 19x in the IT industry in Poland. Total returns to shareholders of 614% over the past three years. Buying Opportunity • Dec 01
Now 22% undervalued Over the last 90 days, the stock is up 44%. The fair value is estimated to be zł530, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 42%. Reported Earnings • Nov 25
Third quarter 2022 earnings released: EPS: zł8.28 (vs zł3.99 in 3Q 2021) Third quarter 2022 results: EPS: zł8.28 (up from zł3.99 in 3Q 2021). Revenue: zł91.5m (up 104% from 3Q 2021). Net income: zł9.02m (up 110% from 3Q 2021). Profit margin: 9.9% (in line with 3Q 2021). Reported Earnings • Sep 29
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł79.8m (up 104% from 2Q 2021). Net income: zł5.73m (up 144% from 2Q 2021). Profit margin: 7.2% (up from 6.0% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment deteriorated over the past week After last week's 20% share price decline to zł270, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 34% over the past year. Reported Earnings • May 28
First quarter 2022 earnings released: EPS: zł4.61 (vs zł3.82 in 1Q 2021) First quarter 2022 results: EPS: zł4.61 (up from zł3.82 in 1Q 2021). Revenue: zł60.0m (up 69% from 1Q 2021). Net income: zł5.02m (up 25% from 1Q 2021). Profit margin: 8.4% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to zł234, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 17x in the IT industry in Poland. Total loss to shareholders of 28% over the past year. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł15.84 (up from zł12.89 in FY 2020). Revenue: zł173.8m (up 54% from FY 2020). Net income: zł17.0m (up 24% from FY 2020). Profit margin: 9.8% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS zł3.99 (vs zł2.74 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: zł44.9m (up 68% from 3Q 2020). Net income: zł4.30m (up 50% from 3Q 2020). Profit margin: 9.6% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł186, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 17x in the IT industry in Poland. Total returns to shareholders of 23% over the past year. Reported Earnings • May 19
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: zł35.5m (up 41% from 1Q 2020). Net income: zł4.02m (up 42% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to zł290, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 447% over the past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 17% share price gain to zł358, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 18x in the IT industry in Poland. Total returns to shareholders of 575% over the past year. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 20% share price gain to zł236, the stock is trading at a trailing P/E ratio of 18.4x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 16x in the IT industry in Poland. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS zł12.81 (vs zł4.76 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł113.0m (up 58% from FY 2019). Net income: zł13.7m (up 179% from FY 2019). Profit margin: 12% (up from 6.9% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 15
New 90-day high: zł197 The company is up 9.0% from its price of zł181 on 17 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market pulls back on stock over the past week After last week's 22% share price decline to zł157, the stock is trading at a trailing P/E ratio of 19.8x, down from the previous P/E ratio of 25.2x. This compares to an average P/E of 13x in the IT industry in Poland. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 19% share price gain to zł200, the stock is trading at a trailing P/E ratio of 25.2x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 14x in the IT industry in Poland. Is New 90 Day High Low • Nov 10
New 90-day high: zł180 The company is up 18% from its price of zł153 on 11 August 2020. The Polish market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 10.0% over the same period. Is New 90 Day High Low • Oct 24
New 90-day high: zł170 The company is up 2.0% from its price of zł166 on 24 July 2020. The Polish market is down 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period. Valuation Update With 7 Day Price Move • Oct 22
Market bids up stock over the past week After last week's 16% share price gain to zł164, the stock is trading at a trailing P/E ratio of 20.7x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 14x in the IT industry in Poland.