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CMP GPW sWIG80 Periodic report · PAP Biznes

Comp SA (CMP) · Q1 2026 results and valuation

Share price: 99.60 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 25 May 2026 and 20 May 2025

Net income up 37.1% year on year. The language turned more cautious.

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

1 · Numbers

+37.1%

Net income vs Q1 2025

Net income 18.7M vs 13.6M

Revenue +26.9%

2 · How the report reads

More cautious

Language tone vs last period

Report language: restrained for a company report — more cautious than in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Fading

The company confirms that increasing EBITDA profit and increasing shareholder transfers are the primary financial goals of the COMP 2025 Next…

Valuation

Is Comp 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 4.1% growth a year (3-year revenue growth), the model's fair value is 53.27 zł a share — the stock trades 87% above it. Today's price assumes 12.7% growth a year.

Current price

99.60 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.

+12.7% for 10 yrs

Fair value / share

53.27 zł

Buy below

39.95 zł

Price vs fair value

Overvalued 87%

Price vs buy-below price

Overvalued 149%

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 Restrained (was typical)

Restrained for a company report — more cautious 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 main risks for the coming quarters include geopolitical uncertainty, fluctuations in fuel and raw material prices, cost pressure on the corporate side, uncertainty regarding the pace of private investment, and the impact of fiscal policy and further...”
“Credit risk is understood as the inability of the Company's debtors to fulfill their obligations, which would expose the Company to financial losses.”
“Interest rate risk is understood as the adverse impact of changes in interest rates on the financial result.”

Full figures

PLN · PAP Biznes report (2026-05-25)

Metric Q1 2026 Q1 2025 Change
Revenue 213.9M 168.5M +26.9%
Gross profit 69.9M 62.4M +12.1%
EBITDA 37.7M 32.3M +16.8%
Operating income 25.0M 20.0M +25.2%
Net income 18.7M 13.6M +37.1%
P/E today 27.0 17.9 5.3 +12.6

Topics

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

Most discussed now

  • Q1 2026 current period rate (including with / reversal due to (negative) revenues valuation amount Total from 01.01.2026 to 31.03.2026…
  • The largest growth in the number of registrations was recorded in the transport and warehousing sections by 11.6% and information and…
  • Financial liabilities measured at fair value through profit or loss - 213 * difference from the data presented in the Statement of…

Faded since Q1 2025

  • Fading Status before the transaction Status after the transaction Current report
  • Fading In 2024, regarding the granting of authorization to the Management Board to acquire treasury shares, the transfer to shareholders will be…
  • Fading Net financial debt will reach a value of 1.0-1.5 x EBITDA by the end of 2023 and will be the target value during the strategy…
  • Fading The Company bears interest rate risk arising from bank loans, lease agreements, granted loans, as well as cash and deposits in bank…

Latest announcements

Official filings, newest first.

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