Compare ML System SA with Similar Stocks
Dashboard
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 1.42%
- Poor long term growth as Operating profit has grown by an annual rate -254.40% of over the last 5 years
- The company is Net-Debt Free
2
Flat results in Sep 25
3
Risky -
4
Consistent Underperformance against the benchmark over the last 3 years
Stock DNA
Other Electrical Equipment
PLN 112 Million (Small Cap)
NA (Loss Making)
NA
0.00%
1.14
-48.58%
1.03
Revenue and Profits:
Net Sales:
51 Million
(Quarterly Results - Dec 2025)
Net Profit:
-6 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-21.43%
0%
-21.43%
6 Months
-5.52%
0%
-5.52%
1 Year
-7.34%
0%
-7.34%
2 Years
-68.57%
0%
-68.57%
3 Years
-78.0%
0%
-78.0%
4 Years
-75.24%
0%
-75.24%
5 Years
-89.97%
0%
-89.97%
ML System SA for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
0.78%
EBIT Growth (5y)
-254.40%
EBIT to Interest (avg)
0.09
Debt to EBITDA (avg)
3.41
Net Debt to Equity (avg)
0.77
Sales to Capital Employed (avg)
0.63
Tax Ratio
2.06%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
1.42%
ROE (avg)
1.49%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
1.25
EV to EBIT
-7.09
EV to EBITDA
-18.18
EV to Capital Employed
1.12
EV to Sales
2.16
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-15.74%
ROE (Latest)
-48.58%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY
Dec'25
Dec'24
Change(%)
Net Sales
50.80
48.60
4.53%
Operating Profit (PBDIT) excl Other Income
2.30
5.00
-54.00%
Interest
6.30
2.50
152.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-5.70
-16.20
64.81%
Operating Profit Margin (Excl OI)
-62.00%
-21.50%
-4.05%
USD in Million.
Net Sales
YoY Growth in quarter ended Dec 2025 is 4.53% vs -17.63% in Dec 2024
Consolidated Net Profit
YoY Growth in quarter ended Dec 2025 is 64.81% vs -365.57% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
122.80
162.30
-24.34%
Operating Profit (PBDIT) excl Other Income
-14.00
-7.50
-86.67%
Interest
12.90
10.40
24.04%
Exceptional Items
0.50
0.00
Consolidate Net Profit
-42.40
-40.80
-3.92%
Operating Profit Margin (Excl OI)
-288.40%
-212.60%
-7.58%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is -24.34% vs -14.26% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is -3.92% vs -164.94% in Dec 2024
About ML System SA 
ML System SA
Other Electrical Equipment
ML System SA is a Poland-based company active in photovoltaic industry. It focuses primarily on design, engineering and production of building-integrated photovoltaic (BIPV) cell systems, which generate electrical power from sunlight. The Company’s core business areas include: Research and Development, which includes Research and Development Centre for Photovoltaics, where research in the field of nanotechnology is carried out, including electrochemical properties of nanomaterials, electron structure of radiation converters and quantum dots efficiency, among others; Building Management System, which consist of Energy Management System, a software suite for energy gain visualisation, and Security Systems, including a number of low voltage and high power system installations, as well as Photovoltaic Insulating Glass Units (IGUs), which includes glass processing plant of flat glass and mirrors used in construction, interior furnishing and architecture.
Company Coordinates 
Company Details
Zaczernie 190 G , Zaczernie None : 36-062
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