Dashboard
1
Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months
- Poor long term growth as Operating profit has grown by an annual rate -254.40% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
2
Flat results in Mar 25
3
Risky -
4
Consistent Underperformance against the benchmark over the last 3 years
Stock DNA
Other Electrical Equipment
PLN 111 Million (Small Cap)
NA (Loss Making)
NA
0.00%
1.14
-48.58%
1.02
Revenue and Profits:
Net Sales:
18 Million
(Quarterly Results - Mar 2025)
Net Profit:
-17 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
9.93%
0%
9.93%
6 Months
0.91%
0%
0.91%
1 Year
-22.89%
0%
-22.89%
2 Years
-72.42%
0%
-72.42%
3 Years
-72.44%
0%
-72.44%
4 Years
-84.34%
0%
-84.34%
5 Years
-80.58%
0%
-80.58%
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
0.95
EV to EBIT
-4.42
EV to EBITDA
-8.28
EV to Capital Employed
0.97
EV to Sales
1.81
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-22.01%
ROE (Latest)
-59.06%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
Bullish
Bollinger Bands
Sideways
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY
Mar'25
Mar'24
Change(%)
Net Sales
18.30
40.10
-54.36%
Operating Profit (PBDIT) excl Other Income
-10.60
3.70
-386.49%
Interest
2.70
2.90
-6.90%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-17.40
5.90
-394.92%
Operating Profit Margin (Excl OI)
-877.90%
-73.80%
-80.41%
USD in Million.
Net Sales
YoY Growth in quarter ended Mar 2025 is -54.36% vs -13.02% in Mar 2024
Consolidated Net Profit
YoY Growth in quarter ended Mar 2025 is -394.92% vs 356.52% in Mar 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
162.30
189.30
-14.26%
Operating Profit (PBDIT) excl Other Income
-7.50
8.30
-190.36%
Interest
10.40
7.40
40.54%
Exceptional Items
0.00
0.00
Consolidate Net Profit
-40.80
-15.40
-164.94%
Operating Profit Margin (Excl OI)
-212.60%
-75.80%
-13.68%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is -14.26% vs -32.80% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -164.94% vs -7,800.00% in Dec 2023
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
Registrar Details






