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BCM GPW Periodic report · PAP Biznes

Betacom SA (BCM) · Q1 2026 results and valuation

Share price: 4.90 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 Aug 2026 and 28 Aug 2025

Net income turned to a profit from a loss a year earlier. The report's language is unchanged.

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

1 · Numbers

Turned profit

Net income vs Q1 2025

Net income 268.0K vs -659.0K

Revenue +94.5%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: cautious for a company report — about as upbeat as in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

In Q1 2026, Betacom SA reported revenue of PLN 58.8M, and achieved a turn to profit with an operating income of PLN 500.0K and net income of PLN 268.0K.

Valuation

Is Betacom SA undervalued?

Reverse DCF. Free cash flow from the last full fiscal year (2026-03-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

At 0.2% growth a year (3-year revenue growth), the model's fair value is 7.33 zł a share — the stock trades 33% below it. Today's price assumes −7.9% growth a year.

Current price

4.90 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.

-7.9% for 10 yrs

Fair value / share

7.33 zł

Buy below

5.49 zł

Price vs fair value

Undervalued 33%

Price vs buy-below price

Undervalued 11%

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 Cautious (was cautious)

Cautious for a company report — about as upbeat as 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
“Taking into account interest rate risk, the Group determines the maximum exposure to risk from incurred financial liabilities based on carrying amounts.”
“The carrying amount of the Group's financial liabilities exposed to interest rate risk and the impact on the financial result of the assumed interest rate changes are presented in the tables below.”

Full figures

PLN · PAP Biznes report (2026-08-28)

Metric Q1 2026 Q1 2025 Change
Revenue 58.8M 30.2M +94.5%
Gross profit 7.2M 5.0M +45.6%
Operating income 500.0K -791.0K Turned profit
Net income 268.0K -659.0K Turned profit
EPS 0.07 -0.16 Turned profit
P/E today 15.5 15.4 13.8 +1.6

Topics

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

Most discussed now

  • The carrying amount of financial assets is fundamentally close to their fair value.

Faded since Q1 2025

  • Nothing dropped away.

Latest announcements

Official filings, newest first.

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