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ATG GPW Periodic report · PAP Biznes

ATM Grupa SA (ATG) · Q1 2026 results and valuation

Share price: 3.52 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 29 May 2025

Net income up 93.0% year on year. The language turned more upbeat.

Only a basic analysis is available for this company at the moment.

1 · Numbers

+93.0%

Net income vs Q1 2025

Net income 6.5M vs 3.4M

Revenue +21.2%

2 · How the report reads

More upbeat

Language tone vs last period

Report language: typical for a company report — more upbeat than in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

ATM Group's actions reached a total audience of 28.9 million viewers, representing a reach of 86.42%.

Valuation

Is ATM Grupa SA undervalued?

Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

At 2.5% growth a year (3-year revenue growth), the model's fair value is 2.62 zł a share — the stock trades 34% above it. Today's price assumes 6.9% growth a year.

Current price

3.52 zł

close of 2026-11-10

Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.

+6.9% for 10 yrs

Fair value / share

2.62 zł

Buy below

1.96 zł

Price vs fair value

Overvalued 34%

Price vs buy-below price

Overvalued 79%

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q1 2025.

Report language Typical (was restrained)

Typical for a company report — more upbeat than in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“The highest quality of services provided, guaranteed data security, maximum work comfort, and the use of many innovative solutions attract manufacturers who increasingly prefer to entrust the comprehensive post-production of their projects to Black Photon.”

Full figures

PLN · PAP Biznes report (2026-05-28)

Metric Q1 2026 Q1 2025 Change
Revenue 73.3M 60.5M +21.2%
Gross profit 10.7M 8.5M +26.3%
Operating income 7.0M 5.7M +23.1%
Net income 6.5M 3.4M +93.0%
EPS 0.08 0.04 +100.0%
P/E today 8.0 9.7 12.4 −2.7

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • Summary of changes in the holding of the issuer's shares or rights to them (options) by persons managing and supervising the issuer
  • The office space owned by ATM Studio is leased for the needs of several companies from the television and advertising industries, which…
  • The total dividend amount to be paid by the Company is 22,761 thousand.
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Faded since Q1 2025

  • Fading The results achieved in the computer game production segment are influenced by the results of the company consolidated using the equity…
  • Fading This segment covers the provision of all types of ancillary services for television, film, theater, and other productions, based on owned…
  • Fading From the lower results of the companies included in the consolidated financial statements using the equity method.

Latest announcements

Official filings, newest first.

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