1. Poland Stocks

  2. •

    Electronic technology

  3. •

    Electronic equipment/Instruments
Sonel S.A.

Sonel S.A.

GGPW:SON
12.65
PLN
-0.20
(-1.56%)
0.71EPS
20.36P/E
189.00MMarket Cap
Nov 27Next Earn
Sonel S.A.
GPW:SON
(Warsaw Stock Exchange)

Recent

price

12.65

P/E

ratio

20.36

div

yld

7.38%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
2.6
3.41
3.61
3.79
4.19
6.46
5.83
6.23
6.55
7.79
8.3
11.3
12.86
15.32
17.28
14.96
12.93
Revenue per Share
0.34
0.44
0.46
0.52
0.55
0.87
0.67
0.32
0.55
0.68
0.96
1.05
1.04
1.22
1.44
0.74
0.66
Basic EPS, GAAP
-0.11
0.1
0.42
0.51
0.12
0.76
0.18
0.46
0.84
0.33
1.33
-0.01
0.37
1.23
0.15
1.76
0.69
Free Cash Flow per Basic Share
0.11
0.33
0.4
0.44
0.3
0.5
0.6
0.25
0.1
0.5
0.4
1
0.5
0.6
0.78
0.93
0.93
Dividend per Share
4.34
4.44
4.5
4.57
4.82
5.2
5.27
5.33
5.78
5.97
6.46
6.59
7.11
7.79
8.56
8.51
8.63
Book Value per Share
3.36
3.38
3.23
3.28
3.61
4.02
4.03
3.92
4.07
3.91
4.25
4.51
5.05
5.68
6.24
6.35
6.55
Tangible Book Value per Share
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
Basic Weighted Avg Shares
36
47
50
53
59
90
82
87
92
109
116
158
180
214
242
209
181
Sales/Revenue/Turnover
13.07
15.58
14.23
15.17
14.6
15.45
10.71
7.83
10.23
9.92
14.44
12.25
9.15
9.62
11.42
6.67
6.57
Operating Margin (%)
4
5
5
7
7
7
6
7
6
7
7
7
9
11
11
12
12
Depreciation Expense
5
6
6
7
8
12
9
4
8
9
13
15
15
17
20
10
9
Net Income, GAAP
6.35
7.03
8.21
10.53
7.79
9.43
7.47
20.21
12.9
10.8
7.28
- -
- -
4.52
8.29
4.01
2.8
Effective Tax Rate (%)
12.92
12.86
12.63
13.67
13.16
13.49
11.48
5.07
8.45
8.67
11.54
9.28
8.11
7.97
8.32
4.95
5.13
Profit Margin (%)
17
20
19
21
27
34
35
35
37
39
49
49
56
62
68
60
63
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
1
1
1
1
1
LT Debt
60
62
63
64
68
73
74
75
81
83
90
95
103
115
130
121
123
Total Equity
7.35
9.39
9.82
10.86
10.92
16.44
11.79
6.53
9.09
11.26
15.45
- -
- -
17.2
19.55
9.63
8.28
Return on Invested Capital (%)
7.94
9.9
10.16
11.46
11.79
17.34
12.9
5.98
9.98
11.43
15.22
- -
- -
13.28
12.95
7.23
5.72
Return on Capital (%)
7.96
9.92
10.19
11.42
11.73
17.4
12.8
5.96
9.96
11.49
15.41
16.07
15.23
16.41
17.59
8.68
7.56
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
252
207
189

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
77
83
87
Cash, Cash Equivalents & STI
8
21
21
Accounts Receivable, Net
- -
20
23
Inventories
43
37
42
Total Current Liabilities
22
23
24
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.36%
6.33%
-6.27%
Free Cash Flow
-226.81%
-533.92%
1,053.84%
Net Income, GAAP
5.83%
-0.94%
-48.51%
Sales/Revenue/Turnover
9.62%
13.7%
-13.44%
Total Cash Common Dividend
45.13%
33.93%
19.6%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50
47
61
84
242
2025
67
60
40
43
209
2026
38
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.09
0.29
0.74
1.44
2025
0.3
0.14
-0.1
0.4
0.74
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.7
0.08
0.78
2025
- -
- -
0.66
0.28
0.93
2026
- -
- -
- -
- -
- -
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Business
Sonel SA, a Poland-based manufacturer of electronic measuring instruments for the electrical power industry and telecommunications, produces a comprehensive range of test and measurement devices including electrical safety meters for resistance, fault loop impedance, insulation resistance, earth resistance, soil resistivity, RCD protection, clamp currents, voltages, multimeters, low resistance meters, phase sequence testers, and cable locators; power quality analyzers; thermal imagers and pyrometers; UV cameras; leakage current alarms; illuminance meters; instruments for detecting cables, conductors, pipes, and faults; high voltage equipment; laboratory equipment; and portable appliance testers, along with associated software solutions such as Sonel Reader for data retrieval, Sonel Reports Plus for electrical installation documentation, Sonel ThermoAnalyze for thermal image correction, Sonel Analysis for power analyzers, and various mobile applications including Sonel Multimeter Mobile and Sonel PAT Analysis Mobile; the company also offers accessories like clamps, adapters, test probes, crocodile clips, test leads, and carrying cases. Founded in 1994 and headquartered in Swidnica, Poland, within the Świdnica Sub-Zone of the Wałbrzych Special Economic Zone, Sonel SA operates internationally with exports to over 100 countries, including Western Europe, the Visegrad Group, Eastern Europe, Baltic states, Nordic states, India, Turkey, and Mexico, serving sectors such as power generation, manufacturing, construction, solar photovoltaics, electromobility, and energy efficiency applications through a network of subsidiaries and distributors. Recent developments include the registration of a new subsidiary, MBS Sonel GmbH, in Germany in August 2024 as a joint venture to commence operations, alongside ongoing investments in research and development at approximately 10% of core business revenues, expansion of product offerings via the e-Sonel platform, and strategic review of non-core assets such as Foxytech for potential divestiture, while achieving a return on equity of 16.35% through the first three quarters of 2024 and reporting earnings for the third quarter and nine months ended September 30, 2025.