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FAB GPW Periodic report · PAP Biznes

Fabrity SA (FAB) · H1 2026 results and valuation

Share price: 26.60 zł · 2026-11-10

Results H1 2026 vs H1 2025 · year over year · published 27 Aug 2026 and 28 Aug 2025

Net income up 74.7% year on year. The report's language is unchanged.

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

1 · Numbers

+74.7%

Net income vs H1 2025

Net income 2.8M vs 1.6M

Revenue +5.1%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: restrained for a company report — about as upbeat as in H1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Fabrity SA may be unable to pass increased costs to customers through higher service prices, which could significantly and negatively impact the Group's activities.

Valuation

Is Fabrity 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 7.9% growth a year (3-year revenue growth), the model's fair value is 59.17 zł a share — the stock trades 55% below it. Today's price assumes −4.8% growth a year.

Current price

26.60 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.

-4.8% for 10 yrs

Fair value / share

59.17 zł

Buy below

44.38 zł

Price vs fair value

Undervalued 55%

Price vs buy-below price

Undervalued 40%

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: H1 2026. Ring: H1 2025.

Report language Restrained (was restrained)

Restrained for a company report — about as upbeat as in H1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“Characteristics of external and internal events and factors significant for the group's development and prospects for business development”
“The Group cannot ensure that it will be able to pass such increased costs on to its customers by increasing the prices of the services offered, which may have a significant, negative impact on the Group's activities, its...”
“Information security risk and risk of intrusion into the IT system”

Full figures

PLN · PAP Biznes report (2026-08-27)

Metric H1 2026 H1 2025 Change
Revenue 35.7M 33.9M +5.1%
Gross profit 9.2M 9.1M +0.8%
Operating income 3.2M 2.2M +41.6%
Net income 2.8M 1.6M +74.7%
EPS 1.00 0.59 +69.5%
P/E today 18.6 18.3 8.7 +9.6

Topics

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

Most discussed now

  • To the best of the Issuer's knowledge, as of the date of submission of this report for publication, shareholders holding at least 5% of the…
  • Rights to subscribe for warrants and/or shares expire in certain cases of an Entitled Person's Departure
  • Other operating income and expenses and financial income and expenses were presented in a gross basis.
  • Due to circumstances that may influence the purchasing preferences of Clients for the services of companies within the Fabrity Group, and…
  • The subject of the contract is the provision of services related to the design, implementation, management, and support of information…

Faded since H1 2025

  • Fading Risk associated with the loss of key Clients or a significant reduction in the value of the services provided

Latest announcements

Official filings, newest first.

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