CTS GPW Periodic report · PAP Biznes
City Service SE (CTS) · Q2 2026 results and valuation
Share price: 6.25 zł · 2026-11-10
Results Q2 2026 vs Q2 2025 · year over year · published 31 Aug 2026 and 29 Aug 2025
Net income up 11.5% year on year. The report's language is unchanged.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+11.5%
Net income vs Q2 2025
Net income 4.4M vs 3.9M
Revenue +2.7%
2 · How the report reads
Unchanged
Language tone vs last period
Report language: very upbeat for a company report — about as upbeat as in Q2 2025.
Weak signal: formal report language, not a call.
3 · What stood out
Tomers' satisfaction with City Service SE's companies and services increased by 29.5 percent to 172,000.
Valuation
Is City Service SE 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 11.1% growth a year (3-year revenue growth), the model's fair value is 16.10 zł a share — the stock trades 61% below it. Today's price assumes −1.6% growth a year.
Current price
6.25 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.
-1.6% for 10 yrs
Fair value / share
16.10 zł
Buy below
12.08 zł
Price vs fair value
Undervalued 61%
Price vs buy-below price
Undervalued 48%
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: Q2 2026. Ring: Q2 2025.
Very upbeat for a company report — about as upbeat as in Q2 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.
Sentences that drove the tone
“Net profit for the period amounted to EUR 4.36 million, an increase over EUR 4.29 million net profit from a year ago.”
“These initiatives contributed to improving operational efficiency, enhanc- ing service quality and creating a solid foundation for the company’s con- tinued development.”
“Any claims concerning which create an interest rate risk (Notes 6 and 8).”
Full figures
EUR · PAP Biznes report (2026-08-31)
| Metric | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | 57.6M | 56.1M | +2.7% |
| Gross profit | 15.5M | 15.3M | +1.3% |
| Operating income | 5.0M | 4.4M | +14.0% |
| Net income | 4.4M | 3.9M | +11.5% |
| EPS | 0.14 | 0.14 | ±0% |
| P/E today 21.0 | 21.0 | 27.4 | −6.4 |
Topics
Topics are drawn from the full report text, not management commentary.
Most discussed now
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Faded since Q2 2025
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Latest announcements
Official filings, newest first.
- Half-year report · ESPI periodic
- City Service SE Report on the scope of compliance with the Best Practice · EBI 1/2021
- Access to EBI system · EBI 3/2015
- Statement on corporate governance · EBI 2/2015
- Access to the EBI system · EBI 1/2015