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ML System S.A.

ML System S.A.

MLS.WA
ML System S.A.PL flagWarsaw Stock Exchange
15.00
PLN
-0.14
- -
110.72MMarket Cap
ML System S.A.
MLS.WA
(Warsaw Stock Exchange)

Recent

price

15.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.79
8.98
6.12
13.12
24.32
16.53
21.46
29.57
43.44
27.13
21.99
16.64
19.03
Revenue per Share
0.36
2.45
0.38
1.47
1.12
0.61
1.72
0.27
0.03
-2.2
-5.53
-5.75
-8.67
Basic EPS, GAAP
-0.45
1.52
-0.52
0.71
-0.83
-8.45
-12.66
-7.61
-5.5
-24.21
-0.49
-1.5
9.42
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.2
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.58
2.52
0.99
2.79
2.45
7.14
8.64
8.31
8.22
5.56
-0.27
-6.07
-2.77
Book Value per Share
1.09
3.19
3.34
7.23
13.46
12.41
22.48
21.04
19.96
23.22
15.7
9.02
8.97
Tangible Book Value per Share
6
6
6
4
5
6
6
6
6
7
7
7
7
Basic Weighted Avg Shares
50
51
35
54
123
93
127
189
282
189
162
123
140
Sales/Revenue/Turnover
4.64
28.67
9.07
13.26
5.84
2.69
8.91
1.8
2.11
-5.65
-22.34
-27.17
-40.15
Operating Margin (%)
2
3
5
7
7
9
11
20
29
23
27
22
26
Depreciation Expense
2
14
2
6
6
3
10
2
- -
-15
-41
-42
-64
Net Income, GAAP
- -
- -
- -
0.02
0.6
1.39
0.82
44.99
75.84
- -
- -
- -
- -
Effective Tax Rate (%)
4.06
27.31
6.19
11.17
4.58
3.71
7.99
0.92
0.08
-8.11
-25.14
-34.54
-45.56
Profit Margin (%)
-3
-5
-3
-3
23
24
55
45
24
-17
-55
-109
-69
Working Capital
2
15
16
20
12
33
28
57
47
74
70
55
68
LT Debt
8
22
24
36
75
77
144
146
146
187
146
104
128
Total Equity
- -
45.33
6.11
11.37
8.1
2.14
6.76
0.84
0.55
- -
- -
- -
- -
Return on Invested Capital (%)
- -
57.1
7.69
18.14
16.21
7.7
11.46
1.93
1.07
- -
- -
- -
- -
Return on Capital (%)
- -
157.81
21.55
70.74
47.08
13.14
22.23
3.35
0.4
-33.34
- -
- -
-146.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
68
64
64
LT Borrowings
57
54
53
LT Finance Leases
16
16
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
300
137
110

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
110
81
76
Cash, Cash Equivalents & STI
2
6
4
Accounts Receivable, Net
67
46
43
Inventories
40
28
29
Total Current Liabilities
140
136
145
Payables & Accruals
- -
- -
- -
ST Debt
68
64
64
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.35%
-4.35%
-29.26%
Free Cash Flow
93.79%
84.3%
207.69%
Net Income, GAAP
-699.38%
-1,448.25%
4.02%
Sales/Revenue/Turnover
19.05%
5.23%
-24.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
40
31
42
49
162
2025
18
36
51
- -
123
2026
35
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.79
- -
- -
- -
-5.53
2025
-2.35
- -
- -
- -
-5.75
2026
-0.87
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
ML System S.A. specializes in the conceptualization, development, and manufacturing of advanced building-integrated photovoltaics (BIPV) and related solar solutions. The company's diverse portfolio includes custom BIPV modules and cells, alongside photovoltaic architectural systems that seamlessly merge energy generation with building design. Their offerings extend to smart city infrastructure, featuring photovoltaic terrace awnings, intelligent bus shelters, and solar-powered street lighting and seating. ML System is also at the forefront of smart glass technologies, producing intelligent heating glass, variable translucency glass, and innovative glass with an active quantum coating capable of generating electricity from sunlight for both construction and automotive applications. This includes the world's first production line for transparent, energy-generating quantum-coated windows, launched in 2021. Further products encompass standard photovoltaic modules, specialized PV Max Color modules, and essential fastening systems. The company provides comprehensive building management systems, including energy monitoring and security installations. Additionally, ML System offers maintenance and repair services for its photovoltaic installations. Known for its robust research and development capabilities, ML System is recognized as a leading innovator in the BIPV sector, actively contributing to sustainable construction practices across European markets, Australia, and North America. Recent achievements include supplying photovoltaic glazing for a major skyscraper facade in Vienna, set to be Europe's largest, and a strategic partnership with Şişecam to further BIPV advancements. The company is headquartered in Zaczernie, Poland.