btlines

ETL GPW Periodic report · PAP Biznes

Eurotel SA (ETL) · Q1 2026 results and valuation

Share price: 30.90 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 22 May 2026 and 22 May 2025

Net income down 40.7% year on year. The language turned more upbeat.

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

1 · Numbers

−40.7%

Net income vs Q1 2025

Net income 2.7M vs 4.6M

Revenue +1.0%

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 Nothing unusual flagged this period.

Valuation

Is Eurotel 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 −5.7% growth a year (3-year revenue growth), the model's fair value is 41.05 zł a share — the stock trades 25% below it. Today's price assumes −12.0% growth a year.

Current price

30.90 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.

-12.0% for 10 yrs

Fair value / share

41.05 zł

Buy below

30.79 zł

Price vs fair value

Undervalued 25%

Price vs buy-below price

Fairly valued

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 restrained)

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
“Sales within the T-Mobile operator showed an increase in the value of the commission received; however, this did not translate into a proportional increase in the result of this segment due to a significant increase in selling costs during this period.”
“The macroeconomic situation in which the Issuer operates has become complicated recently and may have a negative impact on the Issuer's activities, both in terms of restricted availability of trade goods as well as the increase in their...”
“The increase in labor costs due to minimum wage hikes affects the results achieved, as does the increase in other operating costs.”

Full figures

PLN · PAP Biznes report (2026-05-22)

Metric Q1 2026 Q1 2025 Change
Revenue 117.7M 116.6M +1.0%
Gross profit 3.5M 6.0M −41.8%
Net income 2.7M 4.6M −40.7%
EPS 0.72 1.22 −41.0%
P/E today 20.7 20.0 6.2 +13.8

Topics

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

Most discussed now

  • Fading Similarly, when predicted technological changes or other factors occur more slowly than expected, the useful life of an asset group may be…
  • Despite reporting higher revenues, particularly from activities related to the sale of goods
  • In the consolidated financial statements, the value of the interest in a subsidiary included in the consolidation is subject to elimination.
  • Value of goods, materials and other components valued at production cost
  • Increasing the cost component, which is already high, in the consumer market may affect the willingness of customers to make purchases.

Faded since Q1 2025

  • Fading The Group recognizes a deferred tax asset based on the assumption that a future tax profit will be achieved, allowing for its utilization.
  • Fading This item includes fixed assets acquired by the Group that are available for economic use and have an expected economic useful life of more…

Latest announcements

Official filings, newest first.

Similar companies

Communication Services · Telecom Services
All Communication Services companies →