Artifex Mundi SA

Artifex Mundi maintains a strong liquidity position with a current ratio of 5.29, indicating the company can easily cover its short-term liabilities with its current assets. The company's liquidity_fpt score is high, supported by a cash and equivalents balance of 2,899,470 PLN and a low level of long-term debt at 505,300 PLN. The debt-to-equity ratio of 0.01 further reinforces the company's conservative capital structure.

In terms of profitability, Artifex Mundi generates a return on equity (ROE) of 8.39% and a return on assets (ROA) of 6.93%, both of which are strong indicators of efficient capital use and asset management. The company's operating margin of 29.7% (calculated from operating income of 8,164,640 PLN on revenue of 27,503,210 PLN) is well above the median for the software industry, suggesting a competitive cost structure.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financials. This lack of segment or geographic diversification may increase exposure to sector-specific risks, though the company's strong cash flow and low debt position it to withstand short-term volatility.

Looking ahead, Artifex Mundi is projected to maintain a stable growth trajectory, with no significant revenue changes expected in the next fiscal year. The company's free cash flow of 7,371,250 PLN and capital expenditure of -442,720 PLN suggest a focus on maintaining operations rather than aggressive expansion. The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected.

Recent filings and transcripts do not highlight any material events or strategic shifts in the past quarter. Analysts have assigned a strong buy rating to the stock, with a mean price target of 21.80 PLN and no divergent opinions among analysts. This consensus suggests confidence in the company's current valuation and future performance.

Revenue grew at a 27.6% CAGR over four years, demonstrating strong top-line expansion momentum.

The company maintains a minimal debt-to-equity ratio of 0.01, reflecting a conservative capital structure.

Analysts assign a strong buy recommendation with a mean price target implying 6.9% upside.

Cash conversion ratio of 0.15 falls below the software cohort median of 0.92.

Return on equity of 8.4% lags behind major peers like Microsoft, which reports 23.7%.

Long-term debt increased significantly in recent periods, rising from 806,170 PLN to 5.5 million PLN.

Revenue PLN 21.4M, −15,1% YoY; Operating income −28,6% YoY.

• ▍Revenue PLN 21.4M, −15,1% YoY
• ▍Operating income −28,6% YoY
• ▍Net income +9,5% YoY
• ▍Free cash flow +10,1% YoY
• ▍Net margin 28.2%

Revenue PLN 21.8M, −16,7% YoY; Operating income −11,2% YoY.

• ▍Revenue PLN 21.8M, −16,7% YoY
• ▍Operating income −11,2% YoY
• ▍Net income −31,8% YoY
• ▍Free cash flow −4,3% YoY
• ▍Net margin 23.6%

Revenue PLN 26.1M, +6,0% YoY; Operating income −24,2% YoY.

• ▍Revenue PLN 26.1M, +6,0% YoY
• ▍Operating income −24,2% YoY
• ▍Net income −18,6% YoY
• ▍Free cash flow −18,4% YoY
• ▍Net margin 21.6%

Revenue PLN 26.7M, −3,0% YoY; Operating income −5,7% YoY.

• ▍Revenue PLN 26.7M, −3,0% YoY
• ▍Operating income −5,7% YoY
• ▍Net income +15,4% YoY
• ▍Free cash flow +19,2% YoY
• ▍Net margin 32.0%

Revenue PLN 96.0M, −7,3% YoY; Operating income −17,5% YoY.

• ▍Revenue PLN 96.0M, −7,3% YoY
• ▍Operating income −17,5% YoY
• ▍Net income −7,4% YoY
• ▍Free cash flow +1,5% YoY
• ▍Net margin 26.4%

Revenue PLN 82.5M, +114,0% YoY; Operating income +142,0% YoY.

• ▍Revenue PLN 82.5M, +114,0% YoY
• ▍Operating income +142,0% YoY
• ▍Net income +106,5% YoY
• ▍Free cash flow +101,5% YoY
• ▍Net margin 30.2%

Revenue PLN 38.5M, −1,4% YoY; Operating income −34,5% YoY.

• ▍Revenue PLN 38.5M, −1,4% YoY
• ▍Operating income −34,5% YoY
• ▍Net income −5,3% YoY
• ▍Free cash flow −6,4% YoY
• ▍Net margin 31.3%

Revenue PLN 39.1M; Operating income PLN 15.1M.

• ▍Revenue PLN 39.1M
• ▍Operating income PLN 15.1M
• ▍Net margin 32.6%