Why is Passus SA ?
1
With a growth in Net Sales of 106.8%, the company declared Very Positive results in Sep 25
- The company has declared positive results for the last 2 consecutive quarters
- NET PROFIT(HY) At PLN 4.76 MM has Grown at 160.67%
- ROCE(HY) Highest at 83.25%
- RAW MATERIAL COST(Y) Fallen by -24.27% (YoY)
2
Consistent Returns over the last 3 years
- Along with generating 111.61% returns in the last 1 year, the stock has outperformed Poland WIG in each of the last 3 annual periods
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
111.61%
3.07
59.60%
Poland WIG
27.26%
1.56
17.47%
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)
5.14
Tax Ratio
18.88%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
60.50%
ROE (avg)
30.24%
Valuation Key Factors 
Factor
Value
P/E Ratio
22
Industry P/E
Price to Book Value
14.26
EV to EBIT
19.95
EV to EBITDA
17.58
EV to Capital Employed
61.63
EV to Sales
2.13
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
308.87%
ROE (Latest)
65.85%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
14What is working for the Company
NET PROFIT(HY)
At PLN 4.76 MM has Grown at 160.67%
ROCE(HY)
Highest at 83.25%
RAW MATERIAL COST(Y)
Fallen by -24.27% (YoY
CASH AND EQV(HY)
Highest at PLN 25.37 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -77.06 %
NET SALES(Q)
At PLN 36.63 MM has Grown at 45.62%
OPERATING PROFIT MARGIN(Q)
Highest at 18.6 %
PRE-TAX PROFIT(Q)
At PLN 6.67 MM has Grown at 107.81%
-2What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Passus SA
Net Profit
At PLN 4.76 MM has Grown at 160.67%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (PLN MM)
Net Sales
At PLN 36.63 MM has Grown at 45.62%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (PLN MM)
Operating Profit Margin
Highest at 18.6 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
At PLN 6.67 MM has Grown at 107.81%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (PLN MM)
Cash and Eqv
Highest at PLN 25.37 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio
Lowest at -77.06 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -24.27% (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






