Muza SA (MZA) AI Stock Analysis

• Market Cap: zł27.13M
• Dividend Yield: N/A
• Average Volume (3M): 341.00
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.11
• Revenue Growth: -29.82%
• EPS Growth: -72.93%
• Country: PL
• Employees: 28
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): N/A
• Shares Outstanding: 3,269,156
• 10 Day Avg. Volume: 251
• 30 Day Avg. Volume: 341
• PEG Ratio: -0.16
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 1.01
• P/FCF Ratio: -23.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: zł12.00 ▲(44.93% Upside)
• Action: Reiterated Date: 09/28/25
• Date: Action: Reiterated 09/28/25

Muza SA's overall stock score is primarily impacted by its financial performance challenges, particularly in revenue growth and cash flow generation. Technical analysis indicates bearish momentum, further weighing on the score. The reasonable valuation provides some support, but the lack of dividend yield and positive earnings call or corporate events data limits upside potential.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low financial leverage indicates stability and reduces financial risk, providing a solid foundation for future growth.

Operational Efficiency

Despite revenue declines, maintaining healthy EBIT and EBITDA margins suggests effective cost management and operational efficiency, supporting long-term sustainability.

Diverse Revenue Streams

A diverse revenue model reduces dependency on a single source, enhancing resilience against market fluctuations and supporting steady income generation.

Negative Factors

Declining Profitability

A significant decline in net profit margin indicates reduced profitability, which can impact the company's ability to reinvest in growth and innovation.

Revenue Contraction

Negative revenue growth suggests challenges in market expansion and product adoption, potentially affecting long-term competitive positioning and market share.

Cash Flow Challenges

Difficulties in cash generation can limit the company's ability to fund operations and strategic initiatives, posing risks to financial stability and growth prospects.

Muza SA Business Overview & Revenue Model

Company Description

Muza S.A. publishes books in Poland. It publishes various categories of books that include literature, crime fiction, fantastic, non-fiction, social sciences and business, cuisine and diets, culture and traditions, art and albums, guides, gadgets, audiobooks, history, biographies, and horror, as well as books for children and youth. The company also operates online bookstores and various outlets. Muza S.A. was founded in 1991 and is based in Warsaw, Poland.

How the Company Makes Money

Muza SA generates revenue through multiple streams, including the sale of software applications and gaming products, subscription services, and in-app purchases. The company employs a freemium model for many of its applications, which allows users to access a basic version for free while offering premium features at a cost. Additionally, MZA has established partnerships with key players in the technology and entertainment industries, enabling it to expand its distribution channels and enhance its product offerings. Revenue is also bolstered by advertising within its free-to-use platforms, as well as potential licensing agreements that allow other companies to utilize MZA's technology in their products.

Muza SA Financial Statement Overview

Summary

Muza SA faces challenges in revenue growth and cash flow generation, impacting profitability and liquidity. Despite a strong balance sheet with low leverage, the decline in profitability and cash flow generation poses risks.

Income Statement

Muza SA's income statement shows a decline in revenue and profitability in the most recent year. The gross profit margin decreased from 49.68% to 45.19%, and the net profit margin fell from 19.05% to 9.42%. Revenue growth rate was negative at -4.13%, indicating a contraction in sales. However, the company maintains a reasonable EBIT margin of 12.45% and an EBITDA margin of 23.07%, suggesting operational efficiency despite the revenue decline.

Balance Sheet

The balance sheet of Muza SA reflects a strong equity position with a low debt-to-equity ratio of 0.08, indicating low financial leverage and risk. The return on equity decreased to 9.84% from 32.61%, reflecting reduced profitability. The equity ratio stands at 69.27%, showcasing a solid capital structure with a high proportion of equity financing.

Cash Flow

Muza SA's cash flow statement highlights challenges in cash generation, with a significant decline in free cash flow growth rate at -169.28%. The operating cash flow to net income ratio is 0.28, indicating limited cash conversion from earnings. The free cash flow to net income ratio is negative, reflecting cash flow difficulties despite positive net income.

Breakdown	TTM	Dec 2024	Dec 2023	Mar 2023	Dec 2021	Dec 2020
Income Statement
Total Revenue	38.47M	46.08M	68.42M	40.45M	35.67M	28.25M
Gross Profit	12.13M	20.82M	33.99M	19.02M	16.77M	13.57M
EBITDA	7.59M	10.63M	20.89M	8.44M	7.66M	3.68M
Net Income	1.50M	4.34M	13.03M	3.28M	2.48M	402.00K
Balance Sheet
Total Assets	62.93M	63.66M	66.25M	50.11M	42.03M	42.15M
Cash, Cash Equivalents and Short-Term Investments	7.76M	10.32M	13.57M	3.27M	2.61M	2.02M
Total Debt	1.68M	3.58M	4.34M	4.85M	5.29M	5.75M
Total Liabilities	18.13M	19.02M	25.83M	19.95M	16.22M	18.87M
Stockholders Equity	44.13M	44.10M	39.97M	29.81M	25.63M	23.44M
Cash Flow
Free Cash Flow	-789.00K	-2.00M	10.94M	1.37M	2.23M	803.00K
Operating Cash Flow	4.47M	3.78M	16.45M	6.41M	6.07M	3.91M
Investing Cash Flow	-2.44M	-9.09M	-5.38M	-4.86M	-3.37M	-2.34M
Financing Cash Flow	-845.00K	-1.57M	-788.00K	-908.00K	-2.11M	-18.00K

Muza SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.28
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:MZA, the sentiment is Negative. The current price of 8.28 is below the 20-day moving average (MA) of 8.41, above the 50-day MA of 8.27, and below the 200-day MA of 10.94, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.22 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL:MZA.

Muza SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
MZA	58 Neutral	zł27.13M	17.09	4.45%	―	-29.82%	-72.93%
F51	―	zł19.73M	-51.44	―	―	―	―