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WAS GPW Periodic report · PAP Biznes

Wasko SA (WAS) · Q1 2026 results and valuation

Share price: 7.90 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 15 May 2026 and 16 May 2025

EPS up 600.0% year on year. The report's language is unchanged.

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

1 · Numbers

+600.0%

EPS vs Q1 2025

EPS 0.07 vs 0.01

Why EPS rose primarily due to increased revenue from IT services and management support systems.

2 · How the report reads

Unchanged

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out Nothing unusual flagged this period.

Valuation

Is Wasko 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 1.9% growth a year (3-year revenue growth), the model's fair value is 5.48 zł a share — the stock trades 44% above it. Today's price assumes 9.0% growth a year.

Current price

7.90 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.

+9.0% for 10 yrs

Fair value / share

5.48 zł

Buy below

4.11 zł

Price vs fair value

Overvalued 44%

Price vs buy-below price

Overvalued 92%

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 Typical (was typical)

Typical 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
“10) for failure to update the documentation ensuring the safety of the tunnel and its proper operation – in the amount of 0.05% of the gross remuneration for the failure to update each of the documents listed in the OPZ separately...”
“The Group analyzed the impact of the outbreak of war in the Middle East on the Group's financial situation in 2026 and assesses the impact as minor.”
“On the liabilities side, there was an increase in the level of equity by 6.4 million, as well as an increase in the level of short-term liabilities (by 12.1 million PLN), which is the result of an increase in liabilities from agreements with...”

Full figures

PLN · PAP Biznes report (2026-05-15)

Metric Q1 2026 Q1 2025 Change
Revenue 111.9M —
Gross profit 29.7M —
EPS 0.07 0.01 +600.0%
P/E today 11.2 13.3 25.7 −12.4

Topics

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

Most discussed now

  • The Ordering Party anticipates the possibility of withdrawing from part of the primary order covering the following scope of work:
  • The contract value is 25,977,013.00 PLN gross (twenty-five million nine hundred seventy-seven thousand thirteen zloty zero groszy) and…
  • The condition for exercising the option right is the submission by the Ordering Party of a single order during the term of the Agreement.
  • Transfers of assets to investment properties are made only when
  • The contracts provided for, among others, the following contractual penalties: a) for failure to meet the deadline for rectifying a failure

Faded since Q1 2025

  • Fading The maximum total remuneration of the Contractor for the proper performance of the subject of the Agreement is PLN 11,057,356.83 gross…
  • Fading The conclusion of the multi-product Agreement by the Issuer is intended to maintain banking guarantee product limits appropriate to the…
  • Fading Equity includes, among others: → share capital of the parent entity shown at par value
  • Fading The parties to the agreement are jointly and severally liable for the obligations arising from the Multi-Product Agreement.

Latest announcements

Official filings, newest first.

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