Loading...

Zwack Unicum Nyrt

BUSE:ZWACK
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZWACK
BUSE
HUF35B
Market Cap
  1. Home
  2. HU
  3. Food, Beverage & Tobacco
Company description

Zwack Unicum Nyrt. manufactures and distributes alcoholic beverages in Hungary. The last earnings update was 140 days ago. More info.


Add to Portfolio Compare Print
ZWACK Share Price and Events
7 Day Returns
1.1%
BUSE:ZWACK
3%
Europe Beverage
-1.5%
HU Market
1 Year Returns
0.6%
BUSE:ZWACK
10.3%
Europe Beverage
12.9%
HU Market
ZWACK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zwack Unicum Nyrt (ZWACK) 1.1% 0.3% 2.3% 0.6% -0.6% 13.5%
Europe Beverage 3% 3.4% 7.5% 10.3% 13.1% 37.4%
HU Market -1.5% -0.9% -5.8% 12.9% 55.6% 104.4%
1 Year Return vs Industry and Market
  • ZWACK underperformed the Beverage industry which returned 10.3% over the past year.
  • ZWACK underperformed the Market in Hungary which returned 12.9% over the past year.
Price Volatility
ZWACK
Industry
5yr Volatility vs Market

Value

 Is Zwack Unicum Nyrt 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 Zwack Unicum Nyrt 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 Zwack Unicum Nyrt.

BUSE:ZWACK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year HU Government Bond Rate 3%

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 BUSE:ZWACK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HU Govt Bond Rate 3%
Equity Risk Premium S&P Global 9%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.563 (1 + (1- 9%) (0%))
0.707
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)
= 2.96% + (0.8 * 9.02%)
10.18%

Discounted Cash Flow Calculation for BUSE:ZWACK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zwack Unicum Nyrt 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.

BUSE:ZWACK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HUF, Millions) Source Present Value
Discounted (@ 10.18%)
2019 2,862.36 Est @ -5.09% 2,597.99
2020 2,785.88 Est @ -2.67% 2,295.03
2021 2,758.51 Est @ -0.98% 2,062.60
2022 2,764.04 Est @ 0.2% 1,875.84
2023 2,792.46 Est @ 1.03% 1,720.09
2024 2,837.36 Est @ 1.61% 1,586.32
2025 2,894.48 Est @ 2.01% 1,468.80
2026 2,960.98 Est @ 2.3% 1,363.77
2027 3,034.89 Est @ 2.5% 1,268.70
2028 3,114.87 Est @ 2.64% 1,181.87
Present value of next 10 years cash flows HUF17,421.02
BUSE:ZWACK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HUF3,114.87 × (1 + 2.96%) ÷ (10.18% – 2.96%)
HUF44,443.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HUF44,443.92 ÷ (1 + 10.18%)10
HUF16,863.29
BUSE:ZWACK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HUF17,421.02 + HUF16,863.29
HUF34,284.31
Equity Value per Share
(HUF)
= Total value / Shares Outstanding
= HUF34,284.31 / 2.00
HUF17142.15
BUSE:ZWACK Discount to Share Price
Calculation Result
Value per share (HUF) From above. HUF17,142.15
Current discount Discount to share price of HUF17,700.00
= -1 x (HUF17,700.00 - HUF17,142.15) / HUF17,142.15
-3.3%

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

  • The current share price of Zwack Unicum Nyrt is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Zwack Unicum Nyrt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zwack Unicum Nyrt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BUSE:ZWACK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HUF HUF1,514.00
BUSE:ZWACK Share Price ** BUSE (2019-06-25) in HUF HUF17700
Europe Beverage Industry PE Ratio Median Figure of 50 Publicly-Listed Beverage Companies 22.78x
Hungary Market PE Ratio Median Figure of 25 Publicly-Listed Companies 11.66x

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

** Primary Listing of Zwack Unicum Nyrt.

BUSE:ZWACK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BUSE:ZWACK Share Price ÷ EPS (both in HUF)

= 17700 ÷ 1,514.00

11.69x

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

  • Zwack Unicum Nyrt is good value based on earnings compared to the Europe Beverage industry average.
  • Zwack Unicum Nyrt is overvalued based on earnings compared to the Hungary market.
Price based on expected Growth
Does Zwack Unicum Nyrt's expected growth come at a high price?
Raw Data
BUSE:ZWACK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-20.2%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.64x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Zwack Unicum Nyrt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zwack Unicum Nyrt's assets?
Raw Data
BUSE:ZWACK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HUF HUF4,033.50
BUSE:ZWACK Share Price * BUSE (2019-06-25) in HUF HUF17700
Europe Beverage Industry PB Ratio Median Figure of 57 Publicly-Listed Beverage Companies 1.96x
Hungary Market PB Ratio Median Figure of 28 Publicly-Listed Companies 1.81x
BUSE:ZWACK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUSE:ZWACK Share Price ÷ Book Value per Share (both in HUF)

= 17700 ÷ 4,033.50

4.39x

* Primary Listing of Zwack Unicum Nyrt.

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

  • Zwack Unicum Nyrt is overvalued based on assets compared to the Europe Beverage industry average.
X
Value checks
We assess Zwack Unicum Nyrt'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Zwack Unicum Nyrt 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.

Future Performance

 How is Zwack Unicum Nyrt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zwack Unicum Nyrt, future earnings growth has been estimated based on fundamentals.
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
-20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zwack Unicum Nyrt expected to grow at an attractive rate?
  • Zwack Unicum Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Zwack Unicum Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the Hungary market average.
  • Unable to compare Zwack Unicum Nyrt's revenue growth to the Hungary market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BUSE:ZWACK Future Growth Rates Data Sources
Data Point Source Value (per year)
BUSE:ZWACK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -20.2%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 8%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Hungary Market Earnings Growth Rate Market Cap Weighted Average 5%
Hungary Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*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
BUSE:ZWACK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BUSE:ZWACK Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2018-12-31 16,170 3,707 3,028
2018-09-30 14,844 3,151 2,447
2018-06-30 14,330 2,640 2,276
2018-03-31 13,958 2,804 2,204
2017-12-31 13,972 1,332 2,219
2017-09-30 14,291 2,029 2,120
2017-06-30 14,362 2,676 2,131
2017-03-31 14,281 2,756 2,241
2016-12-31 14,208 4,031 2,231
2016-09-30 13,385 2,880 1,990
2016-06-30 13,069 2,356 1,871
2016-03-31 12,458 2,030 1,694

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zwack Unicum Nyrt's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Zwack Unicum Nyrt is high growth as no revenue estimate data is available.
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
BUSE:ZWACK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zwack Unicum Nyrt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ZWACK Past Financials Data
Date (Data in HUF Millions) EPS *
2018-12-31 1,514.00
2018-09-30 1,223.50
2018-06-30 1,138.00
2018-03-31 1,102.00
2017-12-31 1,109.50
2017-09-30 1,060.00
2017-06-30 1,065.50
2017-03-31 1,121.00
2016-12-31
2016-09-30 995.00
2016-06-30 935.50
2016-03-31 847.00

*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.
  • Unable to establish if Zwack Unicum Nyrt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Zwack Unicum Nyrt'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.
Zwack Unicum Nyrt has a total score of 0/6, 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.

Past Performance

  How has Zwack Unicum Nyrt 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 Zwack Unicum Nyrt's growth in the last year to its industry (Beverage).
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.
  • Zwack Unicum Nyrt's year on year earnings growth rate has been positive over the past 5 years.
  • Zwack Unicum Nyrt's 1-year earnings growth exceeds its 5-year average (36.5% vs 11.9%)
  • Zwack Unicum Nyrt's earnings growth has exceeded the Europe Beverage industry average in the past year (36.5% vs 5.1%).
Earnings and Revenue History
Zwack Unicum Nyrt'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 Zwack Unicum Nyrt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ZWACK Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 16,170.00 3,028.00 3,299.00
2018-09-30 14,844.00 2,447.00 3,191.00
2018-06-30 14,330.00 2,276.00 3,110.00
2018-03-31 13,958.00 2,204.00 3,102.00
2017-12-31 13,972.00 2,219.00 3,136.00
2017-09-30 14,291.00 2,120.00 3,124.00
2017-06-30 14,362.00 2,131.00 3,149.00
2017-03-31 14,281.00 2,241.00 3,048.00
2016-12-31 14,208.00 2,231.00 3,905.00
2016-09-30 13,385.00 1,990.00 3,842.00
2016-06-30 13,069.00 1,871.00 3,781.00
2016-03-31 12,458.00 1,694.00 3,784.00
2015-12-31 11,920.00 1,452.00 4,146.00
2015-09-30 12,723.00 1,838.00 4,169.00
2015-06-30 12,562.00 1,734.00 4,234.00
2015-03-31 12,795.00 1,714.00 4,277.00
2014-12-31 13,015.00 1,908.00 14,177.00
2014-09-30 11,762.00 1,415.00 14,135.00
2014-06-30 11,831.00 1,484.00 14,065.00
2014-03-31 11,775.00 1,493.00 14,015.00
2013-12-31 11,715.00 1,475.00 4,150.00
2013-09-30 11,926.00 1,483.00 4,123.00
2013-06-30 11,814.00 1,402.00 4,140.00
2013-03-31 12,078.00 1,444.00 4,142.00
2012-12-31 12,320.00 1,447.00 4,330.00
2012-09-30 12,007.00 1,428.00 4,305.00
2012-06-30 12,165.00 1,520.00 4,275.00

*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.
  • Zwack Unicum Nyrt has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Zwack Unicum Nyrt used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.
  • Zwack Unicum Nyrt has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zwack Unicum Nyrt'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 Beverage 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.
Zwack Unicum Nyrt has a total score of 6/6, 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.

Health

 How is Zwack Unicum Nyrt'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 Zwack Unicum Nyrt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zwack Unicum Nyrt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zwack Unicum Nyrt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zwack Unicum Nyrt'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.
  • Zwack Unicum Nyrt has no debt, it does not need to be covered by short term assets.
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 Zwack Unicum Nyrt Company Filings, last reported 5 months ago.

BUSE:ZWACK Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,067.00 0.00 3,361.00
2018-09-30 5,856.00 0.00 1,349.00
2018-06-30 5,221.00 0.00 2,856.00
2018-03-31 6,827.00 0.00 2,770.00
2017-12-31 7,139.00 0.00 2,427.00
2017-09-30 5,509.00 18.00 1,071.00
2017-06-30 5,045.00 0.00 3,135.00
2017-03-31 6,723.00 0.00 2,809.00
2016-12-31 7,048.00 0.00 3,711.00
2016-09-30 5,517.00 0.00 1,666.00
2016-06-30 5,042.00 0.00 2,681.00
2016-03-31 6,210.00 0.00 2,257.00
2015-12-31 6,517.00 0.00 1,901.00
2015-09-30 5,227.00 0.00 923.00
2015-06-30 4,871.00 0.00 3,223.00
2015-03-31 6,916.00 0.00 3,242.00
2014-12-31 7,464.00 0.00 3,636.00
2014-09-30 5,788.00 0.00 1,113.00
2014-06-30 5,537.00 0.00 6,067.00
2014-03-31 10,202.00 0.00 6,007.00
2013-12-31 10,558.00 0.00 4,642.00
2013-09-30 9,374.00 0.00 4,591.00
2013-06-30 9,053.00 0.00 4,982.00
2013-03-31 10,259.00 0.00 4,615.00
2012-12-31 10,610.00 0.00 3,259.00
2012-09-30 9,425.00 0.00 3,476.00
2012-06-30 9,192.00 0.00 4,998.00
  • Zwack Unicum Nyrt has no debt.
  • Zwack Unicum Nyrt had no debt 5 years ago.
  • Zwack Unicum Nyrt has no debt, it does not need to be covered by operating cash flow.
  • Zwack Unicum Nyrt has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zwack Unicum Nyrt'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. Zwack Unicum Nyrt has a total score of 6/6, 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.

Dividends

 What is Zwack Unicum Nyrt'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
0%
Current annual income from Zwack Unicum Nyrt dividends.
If you bought HUF2,000 of Zwack Unicum Nyrt shares you are expected to receive HUF0 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?
  • Unable to evaluate Zwack Unicum Nyrt's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zwack Unicum Nyrt's dividend against the top 25% market benchmark as the company has not reported any payouts.
Upcoming dividend payment

Purchase Zwack Unicum Nyrt 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
BUSE:ZWACK 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 0 Analyst Estimates (S&P Global) See Below
Europe Beverage Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 1.9%
Hungary Market Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3%
Hungary Minimum Threshold Dividend Yield 10th Percentile 1.9%
Hungary Bottom 25% Dividend Yield 25th Percentile 2.3%
Hungary Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

BUSE:ZWACK Past Annualized Dividends Data
Date (Data in HUF) Dividend per share (annual) Avg. Yield (%)
2017-06-29 1,050.000 6.173
2016-06-28 850.000 4.932
2015-06-25 1,200.000 6.874
2015-02-05 2,500.000 14.925
2014-11-04 2,500.000 17.962
2014-08-06 2,500.000 18.428
2014-07-01 2,500.000 17.846
2013-07-22 775.000 6.058
2012-07-12 900.000 7.216
2011-08-03 850.000 6.636
2011-06-29 850.000 5.816
2011-05-25 850.000 6.120
2011-02-10 0.000 0.000
2010-06-29 2,000.000 12.711

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

  • Unable to perform a dividend volatility check as Zwack Unicum Nyrt has not reported any payouts.
  • Unable to verify if Zwack Unicum Nyrt's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zwack Unicum Nyrt's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zwack Unicum Nyrt has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zwack Unicum Nyrt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 Zwack Unicum Nyrt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zwack Unicum Nyrt has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Zwack Unicum Nyrt'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
Frank Odzuck
COMPENSATION HUF2,300,000
AGE 59
TENURE AS CEO 16.4 years
CEO Bio

Mr. Frank Odzuck has been a General Manager of Zwack Unicum PLC since April 22, 2004 and its Chief Executive Officer since 2003. Mr. Odzuck has been with Hungary for over 15 years. He served as the Managing Director of the Hungarian operations of Eduscho and Eduscho-Tchibo for 8 years and later the Managing Director of Nestlé-Schöller Hungary. Mr. Odzuck has been a Director of Magyar Telekom Telecommunications Public Limited Company since November 6, 2006. He has been a Director of Zwack Unicum Co. Ltd., since April 22, 2004. He obtained an Economics degree in 1983 in Budapest.

CEO Compensation
  • Insufficient data for Frank to compare compensation growth.
  • Insufficient data for Frank to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Zwack Sándor

TITLE
Chairman & President
COMPENSATION
HUF4M
TENURE
11 yrs

Frank Odzuck

TITLE
CEO & Director
COMPENSATION
HUF2M
AGE
59
TENURE
16.4 yrs

Tibor Dörnyei

TITLE
Deputy CEO
COMPENSATION
HUF2M

Sepros László

TITLE
Production & Technical Director

Palcsó Sára

TITLE
Marketing Director

Segesváry Gábor

TITLE
Human Resource Director
Board of Directors Tenure

Average tenure of the Zwack Unicum Nyrt board of directors in years:

4
Average Tenure
  • The tenure for the Zwack Unicum Nyrt board of directors is about average.
Board of Directors

Zwack Sándor

TITLE
Chairman & President
COMPENSATION
HUF4M

Frank Odzuck

TITLE
CEO & Director
COMPENSATION
HUF2M
AGE
59
TENURE
15.2 yrs

Wolfgang Spiller

TITLE
Deputy Chairman
COMPENSATION
HUF3M

Tibor Dörnyei

TITLE
Deputy CEO
COMPENSATION
HUF2M

Hubertine Underberg-Ruder

TITLE
Chairman of the Supervisory Board
COMPENSATION
HUF4M
AGE
56

Zwack Izabella

TITLE
Director
COMPENSATION
HUF2M

Pavel Lyubushkin

TITLE
Director
TENURE
4 yrs

Kalina Tsanova

TITLE
Director
TENURE
4 yrs

Szecskay András

TITLE
Member of the Supervisory Board
COMPENSATION
HUF2M

Salgó István

TITLE
Member of the Supervisory Board
COMPENSATION
HUF2M
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HUF) Value (HUF)
X
Management checks
We assess Zwack Unicum Nyrt'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. Zwack Unicum Nyrt 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.

News

Simply Wall St News

Should We Be Delighted With Zwack Unicum Nyrt.'s (BUSE:ZWACK) ROE Of 38%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Zwack Unicum Nyrt: 38% = Ft3.0b ÷ Ft8.1b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Zwack Unicum Nyrt Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Looking At Zwack Unicum Nyrt. (BUSE:ZWACK) From All Angles

I've been keeping an eye on Zwack Unicum Nyrt. … Looking at the company as a whole, as a potential stock investment, I believe ZWACK has a lot to offer. … is a company with great financial health as well as a

Simply Wall St -

A Look At The Intrinsic Value Of Zwack Unicum Nyrt. (BUSE:ZWACK)

In this article we are going to estimate the intrinsic value of Zwack Unicum Nyrt. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

A Closer Look At Zwack Unicum Nyrt.'s (BUSE:ZWACK) Impressive ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand Zwack Unicum Nyrt. … Our data shows Zwack Unicum Nyrt has a return on equity of 38% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before You Buy Zwack Unicum Nyrt. (BUSE:ZWACK) Because Of Its P/E Ratio

Zwack Unicum Nyrt has a price to earnings ratio of 11.36, based on the last twelve months. … How Do I Calculate Zwack Unicum Nyrt's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why We Like Zwack Unicum Nyrt.’s (BUSE:ZWACK) 46% Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What To Know Before Buying Zwack Unicum Nyrt. (BUSE:ZWACK) For Its Dividend

Historically, Zwack Unicum Nyrt. … Let's take a look at Zwack Unicum Nyrt in more detail. … See our latest analysis for Zwack Unicum Nyrt

Simply Wall St -

How Financially Strong Is Zwack Unicum Nyrt. (BUSE:ZWACK)?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Interested In Zwack Unicum Nyrt (BUSE:ZWACK)? Here's What Its Recent Performance Looks Like

Understanding Zwack Unicum Nyrt's (BUSE:ZWACK) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Zwack Unicum Nyrt is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Zwack Unicum Nyrt?

Simply Wall St -

Should We Be Delighted With Zwack Unicum Nyrt's (BUSE:ZWACK) ROE Of 42%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Zwack Unicum Nyrt (BUSE:ZWACK). … Over the last twelve months Zwack Unicum Nyrt has recorded a ROE of 42%. … One way to conceptualize this, is that for each HUF1 of shareholders' equity it has, the company made HUF0.42 in profit.

Simply Wall St -

Company Info

Description

Zwack Unicum Nyrt. manufactures and distributes alcoholic beverages in Hungary. It offers liqueur, vodka, whisky, wine, and other spirits primarily under the Unicum, Unicum Szilva, Unicum Next, Fütyülos, Vilmos, St. Hubertus, Kalinka, Zwack Sándor Nemes Pálinka, Zwack Maximilian, Kosher, Hírös, Portorico, Mecseki Itóka, ZIB, Unicum Riserva, Johnnie Walker, Diageo Reserve, Baileys, Captain Morgan, Hennessy, Moët & Chandon, Belvedere, Izabella Zwack Wine, and various other international brand names. The company also exports its products. The company was founded in 1989 and is based in Budapest, Hungary. Zwack Unicum Nyrt. is a subsidiary of Peter Zwack & Consorten HAG.

Details
Name: Zwack Unicum Nyrt.
ZWACK
Exchange: BUSE
Founded: 1989
HUF35,400,000,000
2,000,000
Website: http://www.zwackunicum.hu
Address: Zwack Unicum Nyrt.
26 Soroksári út,
Budapest,
1095,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUSE ZWACK Ordinary Shares Budapest Stock Exchange HU HUF 09. Jun 1993
DB ZWC1 Ordinary Shares Deutsche Boerse AG DE EUR 09. Jun 1993
Number of employees
Current staff
Staff numbers
237
Zwack Unicum Nyrt employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 20:44
End of day share price update: 2019/06/25 00:00
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.