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DMG GPW Periodic report · PAP Biznes

Dr. Miele Cosmed Group SA (DMG) · Q1 2026 results and valuation

Share price: 1.80 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 23 May 2025

Net income down 40.3% year on year. The report's language is unchanged.

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

1 · Numbers

−40.3%

Net income vs Q1 2025

Net income 2.4M vs 4.0M

Revenue −6.7%

2 · How the report reads

Unchanged

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out Nothing unusual flagged this period.

Valuation

Is Dr. Miele Cosmed Group 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 8.3% growth a year (3-year revenue growth), the model's fair value is 2.55 zł a share — the stock trades 29% below it. Today's price assumes 4.4% growth a year.

Current price

1.80 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.

+4.4% for 10 yrs

Fair value / share

2.55 zł

Buy below

1.92 zł

Price vs fair value

Undervalued 29%

Price vs buy-below price

Undervalued 6%

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 restrained)

Restrained 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
“The Dominating Entities continuously monitor internal and external threats and risks that may have a significant impact on the activities of the Capital Group.”
“The planned further development of the Capital Group is through the growth of sales revenues from brands and private labels.”
“Value enhancement for shareholders – by acquiring shares, the Company will be able to increase the value of the shares remaining in circulation, which will increase the profit and the dividend per shareholder.”

Full figures

PLN · PAP Biznes report (2026-05-28)

Metric Q1 2026 Q1 2025 Change
Revenue 82.3M 88.2M −6.7%
Gross profit 2.9M 6.9M −58.2%
Operating income 3.0M 5.0M −39.7%
Net income 2.4M 4.0M −40.3%
EPS 0.03 0.05 −40.0%
P/E today 9.2 10.1 9.5 +0.6

Topics

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

Most discussed now

  • For the year 2025, including the recommendation of the amount to be distributed among the shareholders (dividend), the Management Board Dr.
  • The primary and exclusive scope of business of the companies in the Capital Group is the production and sale of cosmetic and toilet…
  • The standard will require the disclosure of all metrics used by the entity in a single note, including the calculation method of the metric.
  • Identification of threats and risks which, in the issuer's opinion, will have an impact on the results achieved over the perspective of at…
  • The changes apply to annual periods beginning on January 1, 2026.

Faded since Q1 2025

  • Fading Upon obtaining, by the previously entered into agreement between Dr.
  • Fading Changes in the Capital Group structure as a result of the merger of business entities, acquisition or sale of Capital Group units…
  • Fading Approved by the RMSR for use after January 1, 2026.

Latest announcements

Official filings, newest first.

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