Onde SA

Onde SA maintains a conservative capital structure with a low debt-to-equity ratio of 0.04, indicating minimal reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 2.32, suggesting it can cover short-term obligations but with limited excess cash. Despite a negative net cash position after subtracting total debt, the company's free cash flow of 19,385,000 PLN supports operational flexibility.

Profitability metrics show a return on equity of 4.8% and a return on assets of 2.79%, both below the industry median for construction and engineering firms. This suggests that Onde is underperforming in terms of capital efficiency and asset utilization. The operating margin of 13.1% (calculated from operating income of 22,103,000 PLN on revenue of 168,034,000 PLN) is in line with the industry, but the net margin of 10.3% (17,362,000 PLN on 168,034,000 PLN revenue) indicates strong cost control.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific revenue data limits the ability to assess the performance of individual business lines.

Onde's growth trajectory is mixed. While the company reported a revenue of 168,034,000 PLN in the latest period, the mean analyst revenue estimate of 1,120,000,000 PLN for the next fiscal year suggests a significant growth expectation. However, the last actual revenue of 864,092,000 PLN indicates a potential overestimation of prior performance. The capital expenditure of -232,000 PLN suggests minimal investment in new projects, which may constrain long-term growth.

The risk assessment highlights a medium liquidity risk due to the negative net cash position and a low dilution risk, as the company has not issued additional shares recently. The key flag of negative net cash after subtracting total debt indicates potential short-term liquidity constraints. The company's operating cash flow of -2,382,000 PLN further supports this concern.

Recent events include the filing of financial results showing a net income of 17,362,000 PLN and a gross profit of 12,958,000 PLN. The company's management has not disclosed any material changes in operations or strategy in the latest filings. Analysts have provided revenue and EBIT estimates, but no significant earnings guidance or strategic announcements have been made.

There are no material changes, watcher signals, or cross-source signals to report for Onde SA (ONDP.WA) based on the provided data. The system indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in the company's profile. The available data shows zero dispatches per day across the monitored period from late June to mid-July 2026, with no associated sentiment recorded. This absence of news flow or market commentary suggests a lack of recent public events or analyst activity driving attention to the stock during this timeframe. Fundamental coverage metrics are currently null, with zero officers, analysts, index memberships, and top holders identified in the dataset. This lack of coverage data further underscores the limited visibility or activity surrounding the ticker in the current monitoring window. Consequently, no specific developments or strategic shifts can be synthesized for Onde SA at this time. Investors should note that the absence of data points reflects a baseline state rather than a confirmed trend, and future updates will depend on new filings or market events being captured in subsequent analyses.

Operating and net margins exceed the 75th percentile of the Construction & Engineering cohort, indicating superior profitability relative to peers.

The debt-to-equity ratio of 0.04 is significantly lower than the cohort median of 0.29, reflecting a conservative capital structure.

Free cash flow surged 107.9% year-over-year in FY0, demonstrating a strong recovery in cash generation capabilities.

Return on equity of 4.8% slightly exceeds the cohort median of 4.75%, showing competitive returns on shareholder capital.

Dilution and credit risks are assessed as low, suggesting minimal immediate threats to shareholder value or creditworthiness.

Revenue declined at an 8.2% compound annual growth rate over four years, signaling a persistent contraction in top-line growth.

Cash conversion of -0.14 is well below the cohort median of 0.66, indicating poor efficiency in turning earnings into cash.

Long-term debt increased to 144.9 million PLN in FY0, up from 22.4 million PLN in FY-4, raising leverage concerns.

Medium liquidity risk flags suggest potential challenges in meeting short-term financial obligations or maintaining market stability.

Revenue PLN 222.9M, +0,6% YoY; Operating income −51,8% YoY.

• ▍Revenue PLN 222.9M, +0,6% YoY
• ▍Operating income −51,8% YoY
• ▍Net income −89,6% YoY
• ▍Free cash flow +101,3% YoY
• ▍Net margin 0.4%

Revenue PLN 268.4M, +17,9% YoY; Operating income +69,8% YoY.

• ▍Revenue PLN 268.4M, +17,9% YoY
• ▍Operating income +69,8% YoY
• ▍Net income +145,0% YoY
• ▍Free cash flow +85,4% YoY
• ▍Net margin 4.9%

Revenue PLN 217.1M, +16,3% YoY; Operating income +2 778,3% YoY.

• ▍Revenue PLN 217.1M, +16,3% YoY
• ▍Operating income +2 778,3% YoY
• ▍Net income +801,6% YoY
• ▍Free cash flow +2 419,2% YoY
• ▍Net margin 4.9%

Revenue PLN 155.6M, −7,4% YoY; Operating income −117,7% YoY.

• ▍Revenue PLN 155.6M, −7,4% YoY
• ▍Operating income −117,7% YoY
• ▍Net income −132,4% YoY
• ▍Free cash flow −131,9% YoY
• ▍Net margin -3.6%

Revenue PLN 221.5M; Operating income PLN 12.0M.

• ▍Revenue PLN 221.5M
• ▍Operating income PLN 12.0M
• ▍Net margin 4.1%

Revenue PLN 227.7M; Operating income PLN 11.4M.

• ▍Revenue PLN 227.7M
• ▍Operating income PLN 11.4M
• ▍Net margin 2.3%

Revenue PLN 864.1M, +7,5% YoY; Operating income −18,5% YoY.

• ▍Revenue PLN 864.1M, +7,5% YoY
• ▍Operating income −18,5% YoY
• ▍Net income −37,4% YoY
• ▍Free cash flow +107,9% YoY
• ▍Net margin 2.2%

Revenue PLN 803.9M, −25,8% YoY; Operating income −4,5% YoY.

• ▍Revenue PLN 803.9M, −25,8% YoY
• ▍Operating income −4,5% YoY
• ▍Net income −9,3% YoY
• ▍Free cash flow −221,3% YoY
• ▍Net margin 3.8%

Revenue PLN 1.08B, −0,8% YoY; Operating income +120,8% YoY.

• ▍Revenue PLN 1.08B, −0,8% YoY
• ▍Operating income +120,8% YoY
• ▍Net income +365,5% YoY
• ▍Free cash flow +195,1% YoY
• ▍Net margin 3.1%

Revenue PLN 1.09B, −10,2% YoY; Operating income −65,0% YoY.

• ▍Revenue PLN 1.09B, −10,2% YoY
• ▍Operating income −65,0% YoY
• ▍Net income −84,5% YoY
• ▍Free cash flow −11,2% YoY
• ▍Net margin 0.7%

Revenue PLN 1.22B; Operating income PLN 62.4M.

• ▍Revenue PLN 1.22B
• ▍Operating income PLN 62.4M
• ▍Net margin 3.8%