LRQ.WA
Hot AirLarq S.A. · Communication Services · Poland · $9M cap · $1K/day traded
PLN 2.89 -0.0% · close 12 Nov · scored 13 Nov
Hot Air: Strong momentum and nothing else: weak business, rich price.
As of 13 Nov 2026, the MoatMap Score for Larq S.A. (LRQ.WA) is 57/100, ranked against 25,000+ stocks in 38 markets (Quality 35, Value 45, Momentum 73, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT LARQ S.A.
Read
Larq S.A. provides advertising services in Poland. It offers tool for automating marketing and sale processes in various sectors, including e-commerce, automotive, and construction sectors under the YouLead name. The company was formerly known as CAM Media S.A. and changed its name to Larq S.A.
FINANCIAL SUMMARY (PLN)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 0.3M | 0.4M | 0.4M | 0.4M | 12.6% | 0.3M |
| EPS (PLN) | — | -0.39 | 0.97 | -0.46 | 0.85 | -6.4% | 0.44 |
| Shares | — | 12.9M | 13.2M | 13.4M | 13.5M | +4.7% | 13.5M |
| Debt | — | 5.8M | 5.5M | 12.6M | 12.6M | 29.6% | 19.6M |
| Equity | — | 41.0M | 54.0M | 51.1M | 62.5M | 15.1% | — |
| Op CF | — | -0.5M | -0.4M | -6.4M | -0.3M | — | -0.5M |
| Inv CF | 0.2M | 63.4K | -0.9M | 6.9K | — | — | — |
| Fin CF | — | 2.3M | -0.4M | 6.6M | -20.0K | — | — |
Above its 200-day average and 8% below its 52-week high.
Swung more than 64% of stocks we rank over the past year (volatility 51% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend (this stock): It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of LRQ.WA are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| LRQ.WA | Larq S.A.(you) | $9M | 57 |
| IMS.WA | IMS S.A. | $30M | 92 |
| DIG.WA | Digital Network SA | $352M | 60 |
| WPL.WA | Wirtualna Polska Holding S.A. | $421M | 56 |
| ULG.WA | Ultimate Games S.A. | $16M | 57 |
| ART.WA | Artifex Mundi S.A. | $59M | 58 |
| SGD.WA | SGD C.XNCO PLN | $15M | 19 |
| ETL.WA | Eurotel S.A. | $27M | 84 |
| BLO.WA | Bloober Team SA | $112M | 60 |
| 11B.WA | 11 bit studios S.A. | $73M | 42 |
Peer medians: ROE 7.1% · P/E 13.8x · Gross margin 55.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.