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CFI GPW Periodic report · PAP Biznes

CFI Holding SA (CFI) · Q1 2026 results and valuation

Share price: 0.14 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 27 May 2026 and 27 May 2025

Operating income down 18.6% year on year. The language turned more upbeat.

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

1 · Numbers

−18.6%

Operating income vs Q1 2025

Operating income 6.9M vs 8.5M

Revenue +7.6%

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

New

Vacancy levels reached approximately 5%, where higher occupancy in higher-value properties increases property values while higher costs per square…

Valuation

Is CFI Holding 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 5.8% growth a year (3-year revenue growth), the model's fair value is 0.19 zł a share — the stock trades 29% below it. Today's price assumes 2.2% growth a year.

Current price

0.14 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.

+2.2% for 10 yrs

Fair value / share

0.19 zł

Buy below

0.14 zł

Price vs fair value

Undervalued 29%

Price vs buy-below price

Undervalued 5%

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 cautious)

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
“An increase in occupancy level generally increases the net operating income and thus leads to an increase in the fair value.”

Full figures

PLN · PAP Biznes report (2026-05-27)

Metric Q1 2026 Q1 2025 Change
Revenue 62.2M 57.7M +7.6%
Operating income 6.9M 8.5M −18.6%
Net income 4.4M —
EPS 1.00 1.00 ±0%
P/E today 12.2 13.8 16.9 −3.1

Topics

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

Most discussed now

  • A transaction conducted on standard terms is a transaction that assumes market exposure for the period preceding the valuation date to…

Faded since Q1 2025

  • Fading The capital group, as part of the support of the operating activities of its subsidiaries, provides intra-group financing in the form of…

Latest announcements

Official filings, newest first.

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