Why is Passus SA ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 30.24%
- Company has a low Debt to Equity ratio (avg) at times
2
Positive results in Mar 25
- NET PROFIT(HY) Higher at PLN 7.47 MM
- ROCE(HY) Highest at 52.4%
- RAW MATERIAL COST(Y) Fallen by -61.9% (YoY)
3
With ROE of 71.25%, it has a fair valuation with a 11.10 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 194.74%, its profits have risen by 1040%
4
Market Beating performance in long term as well as near term
- Along with generating 194.74% returns in the last 1 year, the stock has outperformed Poland WIG in the last 3 years, 1 year and 3 months
How much should you buy?
- Overall Portfolio exposure to Passus SA should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Passus SA for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Passus SA
194.74%
2.31
53.88%
Poland WIG
39.24%
1.93
20.32%
Quality key factors
Factor
Value
Sales Growth (5y)
23.48%
EBIT Growth (5y)
26.00%
EBIT to Interest (avg)
5.11
Debt to EBITDA (avg)
0.11
Net Debt to Equity (avg)
-0.57
Sales to Capital Employed (avg)
5.17
Tax Ratio
18.88%
Dividend Payout Ratio
78.32%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
60.50%
ROE (avg)
30.24%
Valuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
Price to Book Value
11.10
EV to EBIT
15.05
EV to EBITDA
12.61
EV to Capital Employed
31.44
EV to Sales
1.36
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
208.99%
ROE (Latest)
71.25%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
17What is working for the Company
NET PROFIT(HY)
Higher at PLN 7.47 MM
ROCE(HY)
Highest at 52.4%
RAW MATERIAL COST(Y)
Fallen by -61.9% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at -76.96 %
INVENTORY TURNOVER RATIO(HY)
Highest at 306.55%
DEBTORS TURNOVER RATIO(HY)
Highest at 6.37%
NET SALES(Q)
At PLN 11.45 MM has Grown at 33.64%
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Passus SA
Net Profit
Higher at PLN 7.47 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (PLN MM)
Net Sales
At PLN 11.45 MM has Grown at 33.64%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (PLN MM)
Debt-Equity Ratio
Lowest at -76.96 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Inventory Turnover Ratio
Highest at 306.55%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 6.37%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -61.9% (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






