Thank you for the insightful write-up; it certainly looks interesting! I have a couple of questions:
1. Do you know what proportion of sales is attributed to maintenance tasks compared to new projects?
2. What makes you confident in a potential recovery of EBITDA margins? Were there any one-off expenses incurred in recent years that will diminish moving forward?
Regarding the first question, it is not known which share is for maintenance and which share is for new investment, and I really don't think they even know because many products are similar.
Shortly after the article was published, TOYA reported Q1 results, and the EBITDA margin already recovered to 16%.
Thank you for sharing this great writeup. One question: what is your experience with liquidity in this stock? From what I can see on IBKR it appears to be very illiquid
I've been watching Toya for a few years, it' has been always valued at low p/e ratio. And few years ago they stopped paying dividends. I believe that at Warsaw Stock Exchange you can find companies with more reliable grow.
great job, thanks for sharing. the potential end of Ucranian war might be very positive for Toya, as you mentioned.
Thank you for the insightful write-up; it certainly looks interesting! I have a couple of questions:
1. Do you know what proportion of sales is attributed to maintenance tasks compared to new projects?
2. What makes you confident in a potential recovery of EBITDA margins? Were there any one-off expenses incurred in recent years that will diminish moving forward?
Regarding the first question, it is not known which share is for maintenance and which share is for new investment, and I really don't think they even know because many products are similar.
Shortly after the article was published, TOYA reported Q1 results, and the EBITDA margin already recovered to 16%.
Thank you for sharing this great writeup. One question: what is your experience with liquidity in this stock? From what I can see on IBKR it appears to be very illiquid
Personally, it has not affected me. Many of my companies are illiquid.
I've been watching Toya for a few years, it' has been always valued at low p/e ratio. And few years ago they stopped paying dividends. I believe that at Warsaw Stock Exchange you can find companies with more reliable grow.