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SHG GPW Periodic report · PAP Biznes

Starhedge SA (SHG) · Q1 2026 results and valuation

Share price: 0.20 zł · 2026-11-09

Results Q1 2026 vs Q1 2025 · year over year · published 29 May 2026 and 15 Jul 2025

Net income down 7.0% year on year. The report's language is unchanged.

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

1 · Numbers

−7.0%

Net income vs Q1 2025

Net income 93.0K vs 100.0K

Revenue ±0%

2 · How the report reads

Unchanged

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out

Fading

The company's core business includes development, property rental services, and the sale of technical fabrics and electrical insulation products.

Valuation

Is Starhedge 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 −13.1% growth a year (3-year revenue growth), the model's fair value is 0.00 zł a share — the stock trades 6069% above it. Today's price assumes 27.9% growth a year.

Current price

0.20 zł

close of 2026-11-09

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.

+27.9% for 10 yrs

Fair value / share

0.00 zł

Buy below

0.00 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: Q1 2026. Ring: Q1 2025.

Report language Cautious (was cautious)

Cautious 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
“During the presented period, there were no non-recurring events affecting the financial result of the Capital Group.”

Full figures

PLN · PAP Biznes report (2026-05-29)

Metric Q1 2026 Q1 2025 Change
Revenue 601.1M 601.1M ±0%
Operating income 108.0K 109.0K −0.9%
Net income 93.0K 100.0K −7.0%
EPS 0.00 0.00 −11.1%
P/E 12-mo loss 12-mo loss —

Latest announcements

Official filings, newest first.

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