Added to YB: 2026-07-01
Pitch date: 2026-06-28
SPR.WA [bullish]
Spyrosoft Spólka Akcyjna
+2.05%
current return
Author Info
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Company Info
Spyrosoft Spólka Akcyjna operates as a software engineering company. It offers a range of software development services, including embedded and cloud solutions.
Market Cap
PLN 415.8M
Pitch Price
PLN 390.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.60
P/E
9.95
EV/Sales
0.68
Sector
IT Services
Category
special_situation
Takeover bid for Nagarro: 3 opportunities to continue investing in IT 3 fastest-growing companies in the sector - Spyrosoft
SPR.WA: Polish small-cap digital engineering/custom software firm, decentralized offshore/nearshore model. Founders own ~80%, scaling 20-30%/yr profitably. PLN 74.8M cash, capital-light. Catalyst: Q1 2026 strategic review concluded seeking private investor, hinting imminent takeover at premium. Pitched as better IT value vs Nagarro's €81 bid (8.5x EV/EBITDA vs prior 14-15x). Risks: FX (80%+ rev in EUR/GBP/USD, costs in PLN), talent wage inflation, M&A integration/goodwill.
Read full article (3 min)