PTN.WAR Poltronic
- Market cap
- PLN 4.58M
- P/E
- 21.3x
- P/B
- 0.71x
- ROE
- 3.8%
- Dividend yield
- 7.81%
- Fundamental score
- 2.3/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is PTN.WAR undervalued?
Graham numberPTN.WAR trades 17.8% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Poltronic fundamental analysis
11 of 22 checks passedROE 0/2
Low return on equity (3.8%), below 10%.
ROA 0/1
Return on assets (2.6%) is below the industry median (5.0%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 0/1
Earnings per share history is shorter than 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (0.3%) is above the industry median (-7.4%).
Revenue Growth 0/2
Revenue shrank 0.5% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (0.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
The company has no debt.
Interest Coverage 1/1
EBIT is 5.2x against interest expense, well covered.
PE vs Market 0/1
PE (22.8x) is above the market median (11.6x).
PE vs Industry 0/1
PE (22.8x) is above the industry median (10.7x).
PBV 1/1
Price to book (0.8x) is below the industry median (1.3x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 17.4, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 2/2
Dividend yield (7.3%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 0/1
Payout ratio is 96.8%, above 90% of earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Poltronic stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Poltronic
Poltronic S.A. imports and distributes electrical products in Poland and Europe. The company offers LED strips, strip accessories, modules, lamps, panels, luminaires, hermetic luminaires, and outdoor luminaires, as well as power supplies for LED systems, aluminum and architectural profiles, and highbay type LED luminaires under the NEXTEC brand name. It also provides LED strips with various light outputs, strips with increased IP, and strips ensuring color repeatability, as …
Full company profilePoltronic financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Poltronic annual financial statements (PLN; K = thousand, M = million, B = billion, T = trillion)
| Item | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 13.6M | 13.7M | 12.9M | 13.4M | 12.2M |
| Gross Profit | 5.93M | 5.39M | 5.48M | 5.61M | 5.84M |
| Operating Income | 1.62M | 834K | 935K | 761K | 449K |
| EBITDA | 1.53M | 787K | 652K | 694K | 500K |
| Net Income | 922K | 320K | 369K | 370K | 244K |
| EPS | 0.13 | 0.04 | 0.05 | 0.05 | 0.03 |
| Balance Sheet | |||||
| Total Assets | 11.8M | 10.7M | 10.8M | 10.8M | 9.56M |
| Total Liabilities | 5.07M | 4.30M | 4.12M | 4.17M | 3.13M |
| Shareholders' Equity | 6.76M | 6.43M | 6.66M | 6.67M | 6.43M |
| Cash & Short-term Investments | 645K | 132K | 135K | 172K | 88.6K |
| Cash Flow | |||||
| Operating Cash Flow | 1.20M | 812K | 705K | 450K | 1.50M |
| Capital Expenditure | 2.45K | 31.3K | 86.0K | 0.00 | 77.6K |
| Free Cash Flow | 1.20M | 780K | 619K | 450K | 1.42M |
| Ratios | |||||
| ROE | 13.6% | 5.0% | 5.5% | 5.5% | 3.8% |
| ROA | 7.8% | 3.0% | 3.4% | 3.4% | 2.6% |
| Net Profit Margin | 6.8% | 2.3% | 2.9% | 2.8% | 2.0% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Poltronic dividends
- Dividend yield
- 7.81%
- Forward dividend
- 0.05 PLN
- Payout ratio
- 96.8%
- Ex-dividend date
- May 14, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 358K | 0.05 | 96.8% |
| 2024 | PLN 143K | 0.02 | 38.8% |
| 2023 | PLN 644K | 0.09 | 201.4% |
| 2022 | PLN 644K | 0.09 | 69.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Poltronic
- Insiders 81.37%
- Institutions 0.00%
- Public & others 18.63%
- Shares outstanding 7.16M
- Free float 1.33M
Poltronic company profile
- Company name
- Poltronic
- Ticker
- PTN.WAR
- ISIN
- PLPLTRN00018
- Exchange
- Warsaw Stock Exchange
- Sector
- Technology
- Industry
- Commercial Services & Supplies
- Employees
- 11
- Fiscal year end
- December
- Address
- ul. gen. W. Sikorskiego 26, Wroclaw, Poland, 53-659
- Phone
- 48 71 725 4048
- Website
- poltronic.eu
About Poltronic
Poltronic S.A. imports and distributes electrical products in Poland and Europe. The company offers LED strips, strip accessories, modules, lamps, panels, luminaires, hermetic luminaires, and outdoor luminaires, as well as power supplies for LED systems, aluminum and architectural profiles, and highbay type LED luminaires under the NEXTEC brand name. It also provides LED strips with various light outputs, strips with increased IP, and strips ensuring color repeatability, as well as flexible LED NEONS under the NEXTEC premium brand. In addition, the company engages in the repair and service of computer equipment under the QVERTECH brand. It exports its products. The company serves retail and wholesale distributors, manufacturing and service companies, and individual customers. Poltronic S.A. was incorporated in 2010 and is based in Wroclaw, Poland.
Poltronic management
1- Mr. Marek KolodziejskiPresident of the Management Board