Why is Harper Hygienics SA ?
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 6.70%
- Poor long term growth as Net Sales has grown by an annual rate of 1.99% over the last 5 years
- The company is Net-Debt Free
2
Flat results in Mar 26
- OPERATING CASH FLOW(Y) Lowest at PLN 5.28 MM
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -17.22% returns in the last 1 year, the stock has also underperformed Poland WIG in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Garments & Apparels)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Harper Hygienics SA for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Harper Hygienics SA
-18.87%
-0.30
40.40%
Poland WIG
29.57%
1.74
17.24%
Quality key factors
Factor
Value
Sales Growth (5y)
1.99%
EBIT Growth (5y)
8.33%
EBIT to Interest (avg)
1.25
Debt to EBITDA (avg)
6.23
Net Debt to Equity (avg)
1.35
Sales to Capital Employed (avg)
1.69
Tax Ratio
39.69%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.70%
ROE (avg)
8.32%
Valuation Key Factors 
Factor
Value
P/E Ratio
5
Industry P/E
Price to Book Value
0.42
EV to EBIT
6.78
EV to EBITDA
5.04
EV to Capital Employed
0.75
EV to Sales
0.51
PEG Ratio
1.94
Dividend Yield
NA
ROCE (Latest)
11.07%
ROE (Latest)
8.60%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Mildly Bullish
Technical Movement
3What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -8.75% (YoY
NET PROFIT(9M)
Higher at PLN 7.04 MM
DEBT-EQUITY RATIO
(HY)
Lowest at 132.5 %
-3What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at PLN 5.28 MM
Here's what is working for Harper Hygienics SA
Debt-Equity Ratio
Lowest at 132.5 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Net Profit
Higher at PLN 7.04 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (PLN MM)
Raw Material Cost
Fallen by -8.75% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Harper Hygienics SA
Operating Cash Flow
Lowest at PLN 5.28 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (PLN MM)






