ScoreWhy is Starward Industries SA ?
1
Flat results in Sep 25
- NET SALES(HY) At PLN 0.6 MM has Grown at -55.44%
- INTEREST(HY) At PLN 0.05 MM has Grown at 75.04%
- RAW MATERIAL COST(Y) Grown by 60.8% (YoY)
2
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -10.66%, its profits have risen by 23.9%
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -10.66% returns in the last 1 year, the stock has also underperformed Poland WIG in each of the last 3 annual periods
Real-Time Research ReportHow 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 Software Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Starward Industries SA for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Starward Industries SA
-10.66%
-0.14
49.57%
Poland WIG
27.26%
1.56
17.47%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
24.90%
EBIT Growth (5y)
-4.04%
EBIT to Interest (avg)
-1.59
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.06
Sales to Capital Employed (avg)
0.36
Tax Ratio
3.20%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.26
EV to EBIT
-12.98
EV to EBITDA
-13.36
EV to Capital Employed
2.33
EV to Sales
8.92
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-17.93%
ROE (Latest)
-15.11%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend5What is working for the Company
OPERATING CASH FLOW(Y)
Highest at PLN -0.46 MM
NET PROFIT(HY)
Higher at PLN -0.75 MM
-10What is not working for the Company
NET SALES(HY)
At PLN 0.6 MM has Grown at -55.44%
INTEREST(HY)
At PLN 0.05 MM has Grown at 75.04%
RAW MATERIAL COST(Y)
Grown by 60.8% (YoY
Here's what is working for Starward Industries SA
Operating Cash Flow
Highest at PLN -0.46 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (PLN MM)
Net Profit
Higher at PLN -0.75 MM
than preceding 12 month period ended Sep 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (PLN MM)
Here's what is not working for Starward Industries SA
Net Sales
At PLN 0.6 MM has Grown at -55.44%
Year on Year (YoY)MOJO Watch
Near term sales trend is very negative
Net Sales (PLN MM)
Interest
At PLN 0.05 MM has Grown at 75.04%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (PLN MM)
Raw Material Cost
Grown by 60.8% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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