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Eurocash

DB:E07
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E07
DB
PLN3B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Eurocash S.A. distributes fast moving consumer goods (FMCG) in Poland. The last earnings update was 33 days ago. More info.


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E07 Share Price and Events
7 Day Returns
0.1%
DB:E07
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
-12.8%
DB:E07
1.5%
Europe Consumer Retailing
-6%
DE Market
E07 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eurocash (E07) 0.1% -1.5% 11.6% -12.8% -58.1% -43.4%
Europe Consumer Retailing 0.3% -0.3% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • E07 underperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • E07 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
E07
Industry
5yr Volatility vs Market
Related Companies

E07 Value

 Is Eurocash undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eurocash to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eurocash.

DB:E07 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:E07
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 19%) (18.15%))
0.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 7.14%)
5.94%

Discounted Cash Flow Calculation for DB:E07 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eurocash is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:E07 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 5.94%)
2019 215.00 Analyst x5 202.95
2020 193.50 Analyst x9 172.41
2021 208.63 Analyst x8 175.46
2022 233.66 Analyst x7 185.50
2023 247.50 Analyst x6 185.47
2024 257.64 Est @ 4.1% 182.25
2025 265.21 Est @ 2.94% 177.08
2026 270.85 Est @ 2.12% 170.71
2027 275.06 Est @ 1.56% 163.64
2028 278.25 Est @ 1.16% 156.25
Present value of next 10 years cash flows PLN1,771.71
DB:E07 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN278.25 × (1 + 0.23%) ÷ (5.94% – 0.23%)
PLN4,882.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN4,882.35 ÷ (1 + 5.94%)10
PLN2,741.76
DB:E07 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN1,771.71 + PLN2,741.76
PLN4,513.47
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN4,513.47 / 139.16
PLN32.43
DB:E07 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E07 represents 0.22249x of WSE:EUR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.22249x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 32.43 x 0.22249
€7.22
Value per share (EUR) From above. €7.22
Current discount Discount to share price of €5.10
= -1 x (€5.10 - €7.22) / €7.22
29.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Eurocash is available for.
Intrinsic value
29%
Share price is €5.1 vs Future cash flow value of €7.22
Current Discount Checks
For Eurocash to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eurocash's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eurocash's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eurocash's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eurocash's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E07 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.79
WSE:EUR Share Price ** WSE (2019-04-18) in PLN PLN22.9
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eurocash.

DB:E07 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:EUR Share Price ÷ EPS (both in PLN)

= 22.9 ÷ 0.79

29.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eurocash is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Eurocash is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Eurocash's expected growth come at a high price?
Raw Data
DB:E07 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
8.1%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:E07 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.07x ÷ 8.1%

3.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eurocash is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eurocash's assets?
Raw Data
DB:E07 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN7.01
WSE:EUR Share Price * WSE (2019-04-18) in PLN PLN22.9
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:E07 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:EUR Share Price ÷ Book Value per Share (both in PLN)

= 22.9 ÷ 7.01

3.27x

* Primary Listing of Eurocash.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eurocash is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Eurocash's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Eurocash has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

E07 Future Performance

 How is Eurocash expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eurocash expected to grow at an attractive rate?
  • Eurocash's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Eurocash's earnings growth is positive but not above the Germany market average.
  • Eurocash's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E07 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E07 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 8.1%
DB:E07 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 4%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:E07 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E07 Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 27,642 5
2022-12-31 27,221 525 148 7
2021-12-31 26,459 481 145 9
2020-12-31 25,322 441 147 14
2019-12-31 24,199 428 139 12
DB:E07 Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 22,833 499 110
2018-09-30 24,644 511 66
2018-06-30 23,929 508 65
2018-03-31 23,620 526 -34
2017-12-31 20,849 471 -33
2017-09-30 21,012 335 25
2017-06-30 21,197 353 48
2017-03-31 21,107 197 163
2016-12-31 21,220 324 179
2016-09-30 20,910 420 209
2016-06-30 20,636 561 221
2016-03-31 20,476 931 217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eurocash's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Eurocash's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:E07 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Eurocash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E07 Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.13 1.27 0.94 3.00
2020-12-31 1.10 1.89 0.83 9.00
2019-12-31 1.02 1.42 0.80 6.00
DB:E07 Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.79
2018-09-30 0.48
2018-06-30 0.47
2018-03-31 -0.25
2017-12-31 -0.24
2017-09-30 0.18
2017-06-30 0.34
2017-03-31 1.17
2016-12-31 1.29
2016-09-30 1.51
2016-06-30 1.59
2016-03-31 1.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eurocash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eurocash's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eurocash has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

E07 Past Performance

  How has Eurocash performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eurocash's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eurocash's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Eurocash has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Eurocash has become profitable in the last year making it difficult to compare the Europe Consumer Retailing industry average.
Earnings and Revenue History
Eurocash's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eurocash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E07 Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 22,832.89 109.64 2,734.95
2018-09-30 24,644.44 66.15 2,540.76
2018-06-30 23,928.96 65.45 2,379.27
2018-03-31 23,620.33 -34.24 2,324.99
2017-12-31 20,849.46 -33.31 2,319.08
2017-09-30 21,012.43 24.84 2,189.80
2017-06-30 21,197.34 47.75 2,083.66
2017-03-31 21,106.93 163.14 1,969.54
2016-12-31 21,219.90 179.22 1,854.62
2016-09-30 20,910.17 209.32 1,777.67
2016-06-30 20,635.56 220.78 1,730.82
2016-03-31 20,476.49 216.91 1,685.66
2015-12-31 20,318.21 212.37 1,648.13
2015-09-30 19,719.87 187.72 1,615.63
2015-06-30 18,741.21 175.11 1,571.68
2015-03-31 17,848.25 175.84 1,530.08
2014-12-31 16,963.85 180.54 1,487.62
2014-09-30 16,748.16 183.01 1,488.81
2014-06-30 16,484.82 199.38 1,457.01
2014-03-31 16,395.05 211.09 1,416.02
2013-12-31 16,537.53 221.01 1,392.00
2013-09-30 16,518.43 267.12 1,346.93
2013-06-30 16,676.33 259.97 1,336.24
2013-03-31 16,727.73 251.38 1,358.54
2012-12-31 16,609.29 250.38 1,353.54
2012-09-30 15,018.22 183.29 1,223.95
2012-06-30 13,332.37 153.08 1,085.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eurocash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eurocash used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Eurocash's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eurocash's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eurocash has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

E07 Health

 How is Eurocash's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eurocash's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eurocash's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Eurocash's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eurocash's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eurocash Company Filings, last reported 3 months ago.

DB:E07 Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,036.41 578.51 196.56
2018-09-30 981.85 761.15 152.64
2018-06-30 938.19 832.97 149.01
2018-03-31 1,010.53 967.06 548.06
2017-12-31 1,030.01 572.15 252.94
2017-09-30 1,005.58 623.02 158.77
2017-06-30 968.36 639.39 153.41
2017-03-31 1,141.61 722.16 138.09
2016-12-31 1,155.10 486.01 161.87
2016-09-30 1,106.78 313.40 89.00
2016-06-30 1,043.39 443.44 132.73
2016-03-31 1,175.69 344.10 103.75
2015-12-31 1,161.13 260.75 86.20
2015-09-30 1,052.85 350.73 78.11
2015-06-30 981.98 585.96 79.83
2015-03-31 1,031.94 898.08 77.54
2014-12-31 1,039.20 939.23 86.91
2014-09-30 886.32 787.85 79.50
2014-06-30 828.98 842.65 88.45
2014-03-31 889.43 931.53 93.35
2013-12-31 884.36 680.17 102.56
2013-09-30 811.37 778.90 116.17
2013-06-30 734.65 718.08 132.35
2013-03-31 795.05 901.85 99.88
2012-12-31 777.45 955.85 158.09
2012-09-30 661.62 1,171.40 202.91
2012-06-30 593.74 1,253.32 144.56
  • Eurocash's level of debt (55.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.2% vs 55.8% today).
  • Debt is well covered by operating cash flow (86.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Eurocash's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eurocash has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

E07 Dividends

 What is Eurocash's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.19%
Current annual income from Eurocash dividends. Estimated to be 3.52% next year.
If you bought €2,000 of Eurocash shares you are expected to receive €64 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eurocash's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Eurocash's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Upcoming dividend payment

Purchase Eurocash before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:E07 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:E07 Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.89 1.00
2022-12-31 0.85 2.00
2021-12-31 0.86 5.00
2020-12-31 0.77 13.00
2019-12-31 0.80 8.00
DB:E07 Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.730 3.251
2018-04-25 0.730 3.675
2017-05-12 0.730 2.470
2017-03-17 0.730 2.263
2017-02-23 0.730 2.223
2016-05-12 1.000 2.352
2016-03-18 1.000 1.866
2015-05-12 0.790 1.749
2015-03-27 0.790 2.188
2015-02-25 0.790 2.422
2014-11-14 0.790 2.111
2014-08-25 0.790 2.355
2014-05-12 0.790 1.964
2013-11-08 0.900 2.105
2013-08-27 0.900 1.857
2013-03-27 0.900 1.564
2012-11-09 0.180 0.377
2012-08-24 0.180 0.457
2012-05-11 0.000 0.000
2012-03-30 0.180 0.473
2011-11-10 0.370 1.278
2011-08-16 0.370 1.529
2011-04-08 0.370 1.265
2010-08-27 0.370 1.349
2010-05-12 0.370 1.696
2010-04-30 0.370 1.771
2009-08-31 0.300 1.863
2009-05-15 0.300 2.656
2009-04-27 0.300 2.897
2009-04-21 0.300 2.876

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Eurocash's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Eurocash's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eurocash afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eurocash has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

E07 Management

 What is the CEO of Eurocash's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rui Amaral
COMPENSATION PLN2,669,857
CEO Bio

Mr. Rui Amaral serves as the Chief Executive Officer, General Manager and a Member of the Management Board at Eurocash SA. Mr. Amaral serves as the President of the Management Board and Member of the Management Board at KDWT S A and Eurocash Trade 1 Sp z o o at Eurocash S.A. Previously, he worked with GTR, Sanipec, Jerónimo Martins, Feira Nova and Cintra Group Beverages Division. Mr. Amaral holds a Degree in Business Administration from Catholic University in Lisbon.

CEO Compensation
  • Rui's compensation has increased in line with Eurocash recently becoming profitable.
  • Rui's remuneration is lower than average for companies of similar size in Germany.
Management Team

Rui Amaral

TITLE
CEO & Member of the Mgmt Board
COMPENSATION
PLN3M

Luis do Amaral

TITLE
President of the Management Board
COMPENSATION
PLN497K

Jacek Owczarek

TITLE
Financial Director & Member of the Management Board
COMPENSATION
PLN1M

Pedro Martinho

TITLE
Sales Director & Member of Management Board
COMPENSATION
PLN1M

Katarzyna Kopaczewska

TITLE
Human Resources Director & Member of Management Board
COMPENSATION
PLN1M

Arnaldo Guerreiro

TITLE
Member of Management Board
COMPENSATION
PLN1M

Przemyslaw Cias

TITLE
Member of the Management Board
TENURE
2.2 yrs

Cezary Giza

TITLE
Investor Relations Director
Board of Directors Tenure

Average tenure and age of the Eurocash board of directors in years:

5.9
Average Tenure
66
Average Age
  • The tenure for the Eurocash board of directors is about average.
Board of Directors

João de Assunção

TITLE
Chairman of The Supervisory Board
COMPENSATION
PLN212K

Alicja Kornasiewicz

TITLE
Member of Supervisory Board
AGE
66
TENURE
1 yrs

Hans-Joachim Koerber

TITLE
Member of Supervisory Board
COMPENSATION
PLN212K
AGE
72
TENURE
5.9 yrs

Jacek Szwajcowski

TITLE
Member of Supervisory Board
COMPENSATION
PLN212K
AGE
54
TENURE
5.9 yrs

Francisco José Valente dos Santos

TITLE
Member of Supervisory Board
COMPENSATION
PLN212K
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Eurocash's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eurocash has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

E07 News

Simply Wall St News

E07 Company Info

Description

Eurocash S.A. distributes fast moving consumer goods (FMCG) in Poland. Its FMCG products include food products, soft drinks, alcoholic beverages, tobacco products, and household chemicals and cosmetics. The company markets its products to traditional retail stores, including small supermarkets and grocery stores; and kiosks and convenience stores at petrol stations, restaurants, hotels, cafeterias, and catering outlets. As of December 31, 2017, it operated a network of 180 Cash & Carry warehouses; 1,171 Delikatesy Centrum network supermarkets; 8,531 abc network grocery stores; and 4,905 managed stores. Eurocash S.A. is headquartered in Komorniki, Poland.

Details
Name: Eurocash S.A.
E07
Exchange: DB
Founded:
PLN744,779,610
139,163,286
Website: http://www.eurocash.pl
Address: Eurocash S.A.
ul. Wisniowa 11,
Komorniki,
62-052,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE EUR Ordinary Shares Warsaw Stock Exchange PL PLN 04. Feb 2005
OTCPK EUSH.F Ordinary Shares Pink Sheets LLC US USD 04. Feb 2005
DB E07 Ordinary Shares Deutsche Boerse AG DE EUR 04. Feb 2005
LSE 0LTM Ordinary Shares London Stock Exchange GB PLN 04. Feb 2005
OTCPK EUSH.Y ADR Pink Sheets LLC US USD 15. Mar 2013
Number of employees
Current staff
Staff numbers
21,774
Eurocash employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.