Dashboard
1
Poor Management Efficiency with a low ROE of 6.07%
- The company has been able to generate a Return on Equity (avg) of 6.07% signifying low profitability per unit of shareholders funds
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 1.84 times
3
Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 6.07%
4
With a fall in Net Profit of -13.96%, the company declared Very Negative results in Sep 24
5
Risky -
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-23.53%
0%
-23.53%
6 Months
-10.34%
0%
-10.34%
1 Year
-15.58%
0%
-15.58%
2 Years
-27.78%
0%
-27.78%
3 Years
-25.5%
0%
-25.5%
4 Years
-52.73%
0%
-52.73%
5 Years
-37.65%
0%
-37.65%
Starhedge 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)
-13.82%
EBIT Growth (5y)
-17.10%
EBIT to Interest (avg)
2.70
Debt to EBITDA (avg)
1.84
Net Debt to Equity (avg)
0.11
Sales to Capital Employed (avg)
0.54
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
5.83%
ROE (avg)
6.07%
Valuation key factors
Factor
Value
P/E Ratio
33
Industry P/E
Price to Book Value
0.82
EV to EBIT
34.80
EV to EBITDA
34.59
EV to Capital Employed
0.83
EV to Sales
1.47
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
1.35%
ROE (Latest)
0.77%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Shareholding Snapshot : Jun 2023
Shareholding Compare (%holding) 
Majority shareholders
Strategic Entities
Domestic Funds
Held in 0 Schemes (0%)
Foreign Institutions
Held by 0 Foreign Institutions (0%)
Strategic Entities with highest holding
Highest Public shareholder
Quarterly Results Snapshot (Consolidated) - Sep'24 - QoQ
Sep'24
Jun'24
Change(%)
Net Sales
7.40
9.60
-22.92%
Operating Profit (PBDIT) excl Other Income
0.20
0.50
-60.00%
Interest
0.20
0.30
-33.33%
Exceptional Items
1.00
0.00
Consolidate Net Profit
1.10
0.80
37.50%
Operating Profit Margin (Excl OI)
-1.50%
31.60%
-3.31%
USD in Million.
Net Sales
QoQ Growth in quarter ended Sep 2024 is -22.92% vs 60.00% in Jun 2024
Consolidated Net Profit
QoQ Growth in quarter ended Sep 2024 is 37.50% vs 60.00% in Jun 2024
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
37.10
36.90
0.54%
Operating Profit (PBDIT) excl Other Income
3.50
4.30
-18.60%
Interest
1.10
1.30
-15.38%
Exceptional Items
0.50
-0.00
Consolidate Net Profit
3.70
4.40
-15.91%
Operating Profit Margin (Excl OI)
67.40%
85.30%
-1.79%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 0.54% vs -7.75% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is -15.91% vs 238.46% in Dec 2022
About Starhedge SA 
Starhedge SA
Engineering & Construction
Starhedge SA, formerly Global Energy SA, is a Poland-based company active in the renewable energy sector. The Company is engaged in energy production from different renewable sources through its brand Greenenergy, as well as crop production and dairy cattle farming for eco food, through its brand Graineco. The Company cooperates with Novenergia II Energy&Environmental (SCA) SICAR, as well as Fairplay Agriculutral Fund. It operates in Bulgaria. On March 26, 2014, the Company sold its remaining 50% stake in New Vision Management AD to IBG Consulting Co Ltd, China. It operates through several special purpose entities, such as KIS INVEST 1 OOD, KIS INVEST 2 OOD, KIS INVEST 3 OOD, KIS INVEST 4 OOD and KIS INVEST 5 OOD as well as KIS INVEST OOD.
Company Coordinates 
Company Details
Ul Laczyny 5 , WARSZAWA None : 02-820
Registrar Details






