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SNK GPW sWIG80 Periodic report · PAP Biznes

Sanok Rubber SA (SNK) · Q1 2026 results and valuation

Share price: 19.30 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 13 May 2026 and 16 May 2025

Net income down 16.5% year on year. The report's language is unchanged.

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

1 · Numbers

−16.5%

Net income vs Q1 2025

Net income 6.5M vs 7.8M

Revenue +3.0%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: restrained 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 estimated most probable amount to be paid for Teknikum shares as of March 31, 2025, was calculated at 49,238 thousand.

Valuation

Is Sanok Rubber 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 2.0% growth a year (3-year revenue growth), the model's fair value is 16.73 zł a share — the stock trades 15% above it. Today's price assumes 3.4% growth a year.

Current price

19.30 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.

+3.4% for 10 yrs

Fair value / share

16.73 zł

Buy below

12.55 zł

Price vs fair value

Overvalued 15%

Price vs buy-below price

Overvalued 54%

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 Restrained (was restrained)

Restrained 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.

Full figures

PLN · PAP Biznes report (2026-05-13)

Metric Q1 2026 Q1 2025 Change
Revenue 368.2M 357.4M +3.0%
Gross profit 80.3M 71.3M +12.5%
Operating income 12.2M 8.7M +40.7%
Net income 6.5M 7.8M −16.5%
EPS 0.26 0.32 −18.8%
P/E today 12.9 14.2 10.3 +3.9

Topics

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

Most discussed now

  • Distribution and sales in the Ukrainian market of products manufactured by the Sanok RC Group.
  • Manufacturing of equipment for the production of rubber and plastic products and performing repairs of machinery and equipment
  • New 5 years from the date of concluding the Agreement, but before the expiry of 10 years from the date of concluding the Agreement, at the…
  • Fading Www.sanokrubber.pl (caps for sealing glass vials and plastic packaging containing antibiotics)

Faded since Q1 2025

  • Fading The Group included this item in a separate line in the statement of financial position "financial liability under the investment agreement"…
  • Fading An event that may have an impact on the activities of the Parent Company and the Capital Group in 2025 is the ongoing armed conflict…
  • Fading Employee benefit provisions include provisions for: − unused annual leave – estimated monthly

Latest announcements

Official filings, newest first.

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