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RPC GPW Periodic report · PAP Biznes

ZM Ropczyce SA (RPC) · Q2 2026 results and valuation

Share price: 23.30 zł · 2026-11-10

Results Q2 2026 vs Q2 2025 · year over year · published 13 Aug 2026 and 13 Aug 2025

Net income down 6.7% year on year. The language turned more upbeat.

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

1 · Numbers

−6.7%

Net income vs Q2 2025

Net income 2.2M vs 2.4M

Revenue +5.5%

2 · How the report reads

More upbeat

Language tone vs last period

Report language: upbeat for a company report — more upbeat than in Q2 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

The company reported its shareholding status for the period between May 21, 2026, and August 13, 2026, to update the registry of shares held.

Valuation

Is ZM Ropczyce 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 −8.0% growth a year (3-year revenue growth), the model's fair value is 4.79 zł a share — the stock trades 386% above it. Today's price assumes 2.8% growth a year.

Current price

23.30 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.

+2.8% for 10 yrs

Fair value / share

4.79 zł

Buy below

3.60 zł

Price vs fair value

Overvalued >200%

Price vs buy-below price

Overvalued >200%

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: Q2 2026. Ring: Q2 2025.

Report language Upbeat (was typical)

Upbeat for a company report — more upbeat than 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
“A significant reduction in liabilities from bank loans (-31.8 million PLN) had a decisive impact on this relationship.”
“The potential impact of the further course of the conflict and its economic consequences on the Group's economic and financial situation in future periods remains difficult to estimate.”
“The fireproof materials industry, through the development of innovative technologies and the increasing availability of better production materials on the market, also carries the risk of reduced revenues.”

Full figures

PLN · PAP Biznes report (2026-08-13)

Metric Q2 2026 Q2 2025 Change
Revenue 96.0M 91.0M +5.5%
Gross profit 19.5M 18.3M +6.6%
Operating income 4.1M 3.7M +11.1%
Net income 2.2M 2.4M −6.7%
EPS 2.25 —
P/E today 15.4 18.3 12-mo loss —

Topics

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

Most discussed now

  • EUROFER indicated simultaneously that the expected improvement in demand in 2026 will be moderate, and a more pronounced recovery may only…
  • The Group mitigates this type of risk, among other things, by implementing innovative technologies that reduce production costs and their…
  • Fading Sales revenue is reduced by the estimated value of anticipated product or goods returns.
  • The risk of loss of financial liquidity is the risk of a lack of ability of the Group to repay its financial obligations when they fall due.
  • In order to provide users with broader comparative information, the Group also presented the consolidated statement of changes in equity…

Faded since Q2 2025

  • Fading The tables below present the level and dynamics of sales by industry and delivery routes
  • Fading The Management Board of the Company to take actions aimed at withdrawing these shares from circulation (RB 32/2021).
  • Fading GROUP BUSINESS SEGMENTS a) General information on operating segments: ✓ Factors adopted to define the Group's reporting segments, including…
  • Fading The primary factor used to determine the Group's operating segments is the share of various types of products and services in the sales…

Latest announcements

Official filings, newest first.

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