Reading the annual reports…
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Poland
In shortFeerum Spółka Akcyjna is loss-making, generates cash and carries moderate debt, with revenue shrinking (−16.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.6% | 32/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1.1% | 16/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -0.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 1.7% | 12/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.92× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.15× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.51× | 71/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.81× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.39 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.9% | 80/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 4 | 50/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 3 | 0/100 |
| Revenue growth volatility | 27.1% | 11/100 |
| Operating margin volatility | 6.9% | 47/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -18.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
PLN millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 118 | 132 | 76 | 63 |
| Cost of revenue | 105 | 117 | 58 | 51 |
| Gross profit | 13 | 15 | 18 | 12 |
| Operating income | (6.5) | 5.6 | 8.5 | 2.9 |
| Interest expense | 1.5 | 1.3 | 3.3 | 3.6 |
| Pre-tax income | (6.4) | 4.8 | 6.2 | (0.6) |
| Income tax | 1.1 | 0.2 | 1.4 | 0.1 |
| Net income | (7.4) | 4.6 | 4.7 | (0.7) |
| Diluted EPS | −zł0.78 | zł0.48 | zł0.50 | −zł0.07 |
7.39 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023