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SKA GPW sWIG80 Periodic report · PAP Biznes

Śnieżka SA (SKA) · Q2 2026 results and valuation

Share price: 84.00 zł · 2026-11-10

Results Q2 2026 vs Q2 2025 · year over year · published 23 Sep 2026 and 17 Sep 2025

Net income up 68.4% year on year. The report's language is unchanged.

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

1 · Numbers

+68.4%

Net income vs Q2 2025

Net income 34.5M vs 20.5M

Revenue +82.8%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: restrained for a company report — about as upbeat as in Q2 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Śnieżka SA aims to achieve consolidated net revenues of 1.1 billion PLN by 2028.

Valuation

Is Śnieżka 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 −0.8% growth a year (3-year revenue growth), the model's fair value is 79.86 zł a share — the stock trades 5% above it. Today's price assumes −0.2% growth a year.

Current price

84.00 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.

-0.2% for 10 yrs

Fair value / share

79.86 zł

Buy below

59.89 zł

Price vs fair value

Overvalued 5%

Price vs buy-below price

Overvalued 40%

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Fading

    By product category in the Company's sales structure – as in the case of the entire Group – decorative products were dominant.

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 Restrained (was cautious)

Restrained for a company report — about as upbeat as 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
“With regard to the Company's financial assets, such as cash, the Company's credit risk arises from the inability of the other party to the agreement to make payment, and the maximum exposure to this risk equals...”

Full figures

PLN · PAP Biznes report (2026-09-23)

Metric Q2 2026 Q2 2025 Change
Revenue 380.3M 208.1M +82.8%
Gross profit 199.5M 104.5M +90.9%
Operating income 47.8M 30.2M +58.2%
Net income 34.5M 20.5M +68.4%
P/E today 14.9 15.0 14.8 +0.2

Topics

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

Most discussed now

  • The Management Board assesses the above event as a non-adjusting post-balance sheet event, not requiring a correction of the financial data…

Faded since Q2 2025

  • Fading The risk may materialize if the Group is unable to pass on the increase in raw material costs to the price of its products.
  • Fading At the end of the reporting period, the Group's long-term liabilities amounted to 230,956 thousand.
  • Fading The Group's objective is to maintain a liquidity buffer by utilizing various sources of financing, such as overdrafts and bank loans.
  • Fading At the same time, unfavorable macroeconomic conditions, weakening consumer activity, caused a decline in sales in Hungary of nearly 11%.

Latest announcements

Official filings, newest first.

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