Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
MLS.WAthis companyML System S.A.	PLN 13.48	-2.61×	1.07×	0.9×	-18.62×	-697.6%	-1.8%	-28.8%	-34.5%	-41.0%	-8.9%	-17.3%	1.52×	-10.73×	-2.74×	0.44×	0.0%	5	-0.11	2	C+
CCE.WAClean&Carbon Energy S.A.	PLN 0.27	-1.27×	3.66×	49.75×	16.33×	-147.6%	97.7%	-3734.3%	-3860.0%	-284.2%	-121.4%	-19.9%	1.27×	4.19×	-29.7×	0.05×	0.0%	2	-12	1	D+
CLC.WAColumbus Energy S.A.	PLN 2.72	-3.27×	10.41×	1.21×	-68.88×	-276.8%	-3.2%	-5.6%	-36.9%	-318.5%	-15.8%	-10.8%	1.82×	-9.27×	-2.62×	1.14×	0.0%	4	1.08	3	B+
CLCLE.WACoal Energy S.A.	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEPEN.WAPhoton Energy N.V.	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
SHG.WAStarhedge S.A.	PLN 0.20	-3.38×	0.82×	2.27×	-36.41×	-23.4%	1.3%	-6.8%	-67.2%	-24.1%	-1.6%	0.7%	0.08×	-2.49×	-0.25×	4.7×	0.0%	4	2.47	2	C+
Peer median	—	-3.27×	3.66×	2.27×	-36.41×	-147.6%	1.3%	-6.8%	-67.2%	-284.2%	-15.8%	-10.8%	1.27×	-2.49×	-2.62×	1.14×	0.0%	4	1.08	2	—