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Firma Oponiarska Debica

WSE:DBC
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBC
WSE
PLN1B
Market Cap
  1. Home
  2. PL
  3. Automobiles
Company description

Firma Oponiarska Debica S.A. manufactures and sells consumer and commercial tires under the Debica, Goodyear, Dunlop, Fulda, and Sava brands in Poland. The last earnings update was 40 days ago. More info.


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DBC Share Price and Events
7 Day Returns
-1.7%
WSE:DBC
-0.5%
Europe Auto Components
-0.4%
PL Market
1 Year Returns
-41.4%
WSE:DBC
-28.7%
Europe Auto Components
1.9%
PL Market
DBC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Firma Oponiarska Debica (DBC) -1.7% 5.9% -3.8% -41.4% -15% -7.1%
Europe Auto Components -0.5% 1.8% -0.7% -28.7% -8.4% -7.2%
PL Market -0.4% 3.4% -2% 1.9% 16.5% -5.5%
1 Year Return vs Industry and Market
  • DBC underperformed the Auto Components industry which returned -28.7% over the past year.
  • DBC underperformed the Market in Poland which returned 1.9% over the past year.
Price Volatility
DBC
Industry
5yr Volatility vs Market

Value

 Is Firma Oponiarska Debica 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 Firma Oponiarska Debica 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 Firma Oponiarska Debica.

WSE:DBC 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 11%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

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 WSE:DBC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.205 (1 + (1- 19%) (0.38%))
1.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.14 * 7.14%)
10.99%

Discounted Cash Flow Calculation for WSE:DBC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Firma Oponiarska Debica 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.

WSE:DBC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 10.99%)
2019 118.59 Est @ -5.26% 106.85
2020 115.24 Est @ -2.83% 93.55
2021 113.94 Est @ -1.12% 83.34
2022 114.02 Est @ 0.07% 75.14
2023 115.05 Est @ 0.9% 68.32
2024 116.76 Est @ 1.49% 62.47
2025 118.97 Est @ 1.9% 57.35
2026 121.57 Est @ 2.18% 52.80
2027 124.46 Est @ 2.38% 48.71
2028 127.60 Est @ 2.52% 44.99
Present value of next 10 years cash flows PLN693.52
WSE:DBC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN127.60 × (1 + 2.85%) ÷ (10.99% – 2.85%)
PLN1,612.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN1,612.94 ÷ (1 + 10.99%)10
PLN568.74
WSE:DBC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN693.52 + PLN568.74
PLN1,262.27
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN1,262.27 / 13.80
PLN91.45
WSE:DBC Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN91.45
Current discount Discount to share price of PLN82.00
= -1 x (PLN82.00 - PLN91.45) / PLN91.45
10.3%

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

Current Discount
Amount off the current price Firma Oponiarska Debica is available for.
Intrinsic value
10%
Share price is PLN82 vs Future cash flow value of PLN91.45
Current Discount Checks
For Firma Oponiarska Debica to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Firma Oponiarska Debica's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Firma Oponiarska Debica'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 Firma Oponiarska Debica's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Firma Oponiarska Debica's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:DBC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN6.74
WSE:DBC Share Price ** WSE (2019-06-26) in PLN PLN82
Europe Auto Components Industry PE Ratio Median Figure of 42 Publicly-Listed Auto Components Companies 11.73x
Poland Market PE Ratio Median Figure of 454 Publicly-Listed Companies 10.77x

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

** Primary Listing of Firma Oponiarska Debica.

WSE:DBC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 82 ÷ 6.74

12.17x

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

  • Firma Oponiarska Debica is overvalued based on earnings compared to the Europe Auto Components industry average.
  • Firma Oponiarska Debica is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Firma Oponiarska Debica's expected growth come at a high price?
Raw Data
WSE:DBC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.4%per year
Europe Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 0.75x
Poland Market PEG Ratio Median Figure of 108 Publicly-Listed Companies 1.12x

*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 Firma Oponiarska Debica, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Firma Oponiarska Debica's assets?
Raw Data
WSE:DBC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN84.82
WSE:DBC Share Price * WSE (2019-06-26) in PLN PLN82
Europe Auto Components Industry PB Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 1.29x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.97x
WSE:DBC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 82 ÷ 84.82

0.97x

* Primary Listing of Firma Oponiarska Debica.

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

  • Firma Oponiarska Debica is good value based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess Firma Oponiarska Debica'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Firma Oponiarska Debica 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 Firma Oponiarska Debica expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Firma Oponiarska Debica, 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
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Firma Oponiarska Debica expected to grow at an attractive rate?
  • Firma Oponiarska Debica's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Firma Oponiarska Debica's earnings growth is expected to exceed the Poland market average.
  • Unable to compare Firma Oponiarska Debica's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:DBC Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:DBC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.4%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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
WSE:DBC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:DBC Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 2,000 214 93
2018-12-31 1,929 185 90
2018-09-30 1,911 234 98
2018-06-30 1,935 257 125
2018-03-31 1,938 222 130
2017-12-31 1,961 212 120
2017-09-30 1,841 129 98
2017-06-30 1,768 109 69
2017-03-31 1,751 122 81
2016-12-31 1,679 171 65
2016-09-30 1,711 167 58
2016-06-30 1,731 217 65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Firma Oponiarska Debica's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Firma Oponiarska Debica 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
WSE:DBC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Firma Oponiarska Debica Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:DBC Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 6.74
2018-12-31 6.50
2018-09-30 7.09
2018-06-30 9.06
2018-03-31 9.42
2017-12-31 8.66
2017-09-30 7.08
2017-06-30 5.00
2017-03-31 5.84
2016-12-31 4.69
2016-09-30 4.17
2016-06-30 4.71

*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 Firma Oponiarska Debica will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Firma Oponiarska Debica'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.
Firma Oponiarska Debica has a total score of 2/6, 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 Firma Oponiarska Debica 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 Firma Oponiarska Debica's growth in the last year to its industry (Auto Components).
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.
  • Firma Oponiarska Debica's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Firma Oponiarska Debica's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Firma Oponiarska Debica's 1-year earnings growth is negative, it can't be compared to the Europe Auto Components industry average.
Earnings and Revenue History
Firma Oponiarska Debica'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 Firma Oponiarska Debica Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:DBC Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,999.58 93.03 21.72
2018-12-31 1,929.43 89.75 23.47
2018-09-30 1,910.65 97.92 32.58
2018-06-30 1,935.00 125.00 41.13
2018-03-31 1,937.96 130.07 47.20
2017-12-31 1,960.69 119.57 54.41
2017-09-30 1,840.78 97.72 54.97
2017-06-30 1,768.01 69.05 61.64
2017-03-31 1,750.60 80.54 70.67
2016-12-31 1,678.68 64.75 76.15
2016-09-30 1,711.22 57.62 79.16
2016-06-30 1,731.40 64.96 79.80
2016-03-31 1,735.92 72.22 77.15
2015-12-31 1,765.58 78.91 75.66
2015-09-30 1,730.59 75.36 72.32
2015-06-30 1,748.55 76.42 72.93
2015-03-31 1,787.10 81.06 80.91
2014-12-31 1,837.81 86.95 90.39
2014-09-30 1,940.36 132.41 97.26
2014-06-30 1,996.03 146.72 95.82
2014-03-31 1,969.07 131.01 89.65
2013-12-31 1,986.18 115.53 83.04
2013-09-30 2,004.79 113.97 77.03
2013-06-30 1,993.97 107.55 74.70
2013-03-31 1,945.91 81.16 73.32
2012-12-31 2,133.26 93.43 78.17
2012-09-30 2,235.88 90.75 87.06
2012-06-30 2,418.65 84.82 96.84

*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.
  • Firma Oponiarska Debica has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Firma Oponiarska Debica used its assets less efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • Firma Oponiarska Debica has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Firma Oponiarska Debica'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 Auto Components 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.
Firma Oponiarska Debica has a total score of 1/6, 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 Firma Oponiarska Debica'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 Firma Oponiarska Debica's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Firma Oponiarska Debica is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Firma Oponiarska Debica's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Firma Oponiarska Debica'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 233.5x 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 Firma Oponiarska Debica Company Filings, last reported 2 months ago.

WSE:DBC Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,170.74 0.00 403.55
2018-12-31 1,112.25 0.00 442.42
2018-09-30 1,114.02 0.00 457.17
2018-06-30 1,090.14 0.00 402.12
2018-03-31 1,167.43 0.00 360.52
2017-12-31 1,112.22 0.00 420.48
2017-09-30 1,105.82 0.00 338.25
2017-06-30 1,054.86 0.00 280.74
2017-03-31 1,069.79 0.00 270.85
2016-12-31 1,025.08 0.00 340.60
2016-09-30 1,040.54 0.00 330.94
2016-06-30 1,018.25 0.00 277.13
2016-03-31 1,028.73 0.00 254.77
2015-12-31 999.80 0.00 284.43
2015-09-30 1,022.39 0.00 258.95
2015-06-30 992.76 0.00 167.55
2015-03-31 999.98 0.00 124.40
2014-12-31 964.37 0.00 166.60
2014-09-30 990.51 0.00 197.12
2014-06-30 959.83 0.00 185.90
2014-03-31 976.62 0.00 142.66
2013-12-31 935.12 0.00 129.15
2013-09-30 915.80 0.00 159.44
2013-06-30 870.80 0.00 138.05
2013-03-31 892.26 0.00 120.09
2012-12-31 866.25 0.00 183.38
2012-09-30 848.48 0.00 133.56
2012-06-30 809.90 0.00 202.91
  • Firma Oponiarska Debica's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 0.4% today).
  • Debt is well covered by operating cash flow (5021.1%, greater than 20% of total debt).
  • Firma Oponiarska Debica earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Firma Oponiarska Debica'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. Firma Oponiarska Debica has a total score of 5/6, 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 Firma Oponiarska Debica'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
5.95%
Current annual income from Firma Oponiarska Debica dividends.
If you bought PLN2,000 of Firma Oponiarska Debica shares you are expected to receive PLN119 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?
  • Firma Oponiarska Debica's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.79%).
  • Firma Oponiarska Debica's dividend is below the markets top 25% of dividend payers in Poland (7.16%).
Upcoming dividend payment

Purchase Firma Oponiarska Debica 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
WSE:DBC 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 Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.2%

Industry and Market average data is calculated daily.

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

WSE:DBC Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-05-17 4.880 6.104
2019-04-25 4.880 5.912
2018-05-17 6.500 6.182
2017-09-08 2.350 2.168
2017-05-30 2.350 2.182
2017-02-24 2.350 2.372
2016-08-29 2.860 2.924
2016-04-27 2.860 2.875
2015-05-13 3.150 3.774
2015-04-29 3.150 4.053
2014-11-14 4.180 4.925
2014-08-27 4.180 3.976
2014-04-30 4.180 4.588
2014-03-03 4.180 4.572
2013-11-14 3.380 3.380
2013-08-27 3.380 4.095
2013-05-16 3.380 5.039
2012-08-28 3.290 5.719
2011-11-14 2.960 5.503
2011-04-29 2.960 5.534
2011-02-28 2.960 4.807
2010-11-08 4.500 6.976
2009-08-31 1.600 2.419
2009-04-28 1.600 2.817
2009-01-15 2.100 5.839
2008-10-15 2.100 5.661
2008-07-15 2.100 3.053

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 Firma Oponiarska Debica's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
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 Firma Oponiarska Debica's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Firma Oponiarska Debica afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Firma Oponiarska Debica 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.

Management

 What is the CEO of Firma Oponiarska Debica'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
Leszek Szafran
COMPENSATION PLN0
CEO Bio

Mr. Leszek Szafran serves as General Manager at Goodyear South Africa (Pty) Ltd. Mr. Szafran has been a Sales Director and Member of Management Board at Firma Oponiarska Debica Spólka Akcyjna since October 8, 2015 and serves as its Chief Executive Offier. Mr. Szafran has been President of Management Board at Firma Oponiarska Debica Spólka Akcyjna since September 18, 2017. He served as Sales Director of Goodyear Poland. Previously, he served as a Member of the Management Board at Firma Oponiarska Debica Spólka Akcyjna since May 16, 2006 until December 31, 2009. He joined Goodyear 15 years ago, directly after completing his Masters degree in Economics at Krakow’s University of Economics. Over the years, he has held various positions in sales and marketing, and has marketed both truck and consumer tyres.

CEO Compensation
  • Insufficient data for Leszek to compare compensation growth.
  • Leszek's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Firma Oponiarska Debica management team in years:

3.8
Average Tenure
  • The tenure for the Firma Oponiarska Debica management team is about average.
Management Team

Leszek Szafran

TITLE
CEO, President of Management Board & Sales Director

Ireneusz Maksymiuk

TITLE
Financial Director & Member of Management Board

Michal Medrek

TITLE
Logistic Director & Member of Management Board
TENURE
3.8 yrs

Miroslaw Maziarka

TITLE
Member of Management Board
TENURE
1.7 yrs

Maciej Mataczynski

TITLE
Secretary of Supervisory Board & Member of Supervisory Board
AGE
43
TENURE
11.1 yrs
Board of Directors Tenure

Average tenure of the Firma Oponiarska Debica board of directors in years:

5
Average Tenure
  • The tenure for the Firma Oponiarska Debica board of directors is about average.
Board of Directors

Jacek Pryczek

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN2M
TENURE
5 yrs

Dominikus Golsong

TITLE
Deputy Chairman of the Supervisory Board
TENURE
5 yrs

Maciej Mataczynski

TITLE
Secretary of Supervisory Board & Member of Supervisory Board
AGE
43
TENURE
11.4 yrs

Leszek Cichocki

TITLE
Member of Supervisory Board
COMPENSATION
PLN920K
TENURE
1.7 yrs

Lukasz Redziniak

TITLE
Member of Supervisory Board
AGE
49
TENURE
6.4 yrs

Renata Kowalska-Andres

TITLE
Member of Supervisory Board
TENURE
6 yrs

Janusz Ras

TITLE
Member of Supervisory Board
TENURE
2.9 yrs
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 (PLN) Value (PLN)
X
Management checks
We assess Firma Oponiarska Debica'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. Firma Oponiarska Debica 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

With A 7.9% Return On Equity, Is Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) A Quality Stock?

Our data shows Firma Oponiarska Debica Spólka Akcyjna has a return on equity of 7.9% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Firma Oponiarska Debica Spólka Akcyjna: 7.9% = zł93m ÷ zł1.2b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Firma Oponiarska Debica Spólka Akcyjna's Debt And Its 7.9% ROE While Firma Oponiarska Debica Spólka Akcyjna does have a tiny amount of debt, with debt to equity of just 0.0036, we think the use of debt is very modest.

Simply Wall St -

Are Dividend Investors Making A Mistake With Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC)?

With Firma Oponiarska Debica Spólka Akcyjna yielding 8.5% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. … Firma Oponiarska Debica Spólka Akcyjna has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Conclusion To summarise, shareholders should always check that Firma Oponiarska Debica Spólka Akcyjna's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Do You Like Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) At This P/E Ratio?

To keep it practical, we'll show how Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Firma Oponiarska Debica Spólka Akcyjna's P/E ratio is 12.09. … Check out our latest analysis for Firma Oponiarska Debica Spólka Akcyjna?

Simply Wall St -

Did Changing Sentiment Drive Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) Share Price Down By 30%?

Investors in Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) have tasted that bitter downside in the last year, as the share price dropped 30%. … Check out our latest analysis for Firma Oponiarska Debica Spólka Akcyjna. … Even though the Firma Oponiarska Debica Spólka Akcyjna share price is down over the year, its EPS actually improved.

Simply Wall St -

Is Firma Oponiarska Debica Spólka Akcyjna’s (WSE:DBC) Return On Capital Employed Any Good?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) 8.8% ROE Worse Than Average?

We'll use ROE to examine Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC), by way of a worked example. … Our data shows Firma Oponiarska Debica Spólka Akcyjna has a return on equity of 8.8% for the last year. … View our latest analysis for Firma Oponiarska Debica Spólka Akcyjna?

Simply Wall St -

Should You Be Tempted To Sell Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) Because Of Its P/E Ratio?

We'll look at Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) P/E ratio and reflect on what it tells us about the company's share price. … Firma Oponiarska Debica Spólka Akcyjna has a P/E ratio of 12.41, based on the last twelve months. … Check out our latest analysis for Firma Oponiarska Debica Spólka Akcyjna?

Simply Wall St -

Should You Be Concerned About Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) Earnings Growth?

After looking at Firma Oponiarska Debica Spólka Akcyjna's (WSE:DBC) latest earnings announcement (30 September 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Firma Oponiarska Debica Spólka Akcyjna's performance has been impacted by industry movements. … View our latest analysis for Firma Oponiarska Debica Spólka Akcyjna?

Simply Wall St -

Does Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC)'s Capital Return Make The Cut?

and want a simplistic look at the return on Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) stock. … To understand Firma Oponiarska Debica Spólka Akcyjna’s capital returns we will look at a useful metric called return on capital employed. … Firma Oponiarska Debica Spólka Akcyjna's Return On Capital Employed

Simply Wall St -

Should You Buy Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) For Its Dividend?

Historically, Firma Oponiarska Debica Spólka Akcyjna (WSE:DBC) has paid a dividend to shareholders. … Does Firma Oponiarska Debica Spólka Akcyjna tick all the boxes of a great dividend stock? … Check out our latest analysis for Firma Oponiarska Debica Spólka Akcyjna

Simply Wall St -

Company Info

Description

Firma Oponiarska Debica S.A. manufactures and sells consumer and commercial tires under the Debica, Goodyear, Dunlop, Fulda, and Sava brands in Poland. It offers tires for passenger cars and heavy trucks, as well as curing membranes that are used to make tires for planes, motorcycles, farming vehicles, passenger cars, and trucks. The company sells its products through tire distributors, a franchising network, and tire service stations, as well as through online shops. Firma Oponiarska Debica S.A. also exports tires to Luxembourg, Germany, Turkey, the United States, Canada, and France. The company was formerly known as Stomil Debica Spólka Akcyjna and changed its name to Firma Oponiarska Debica S.A. in November 1993. The company was founded in 1937 and is based in Debica, Poland. Firma Oponiarska Debica S.A. is a subsidiary of Goodyear Holdings S.àr.l.

Details
Name: Firma Oponiarska Debica S.A.
DBC
Exchange: WSE
Founded: 1937
PLN1,131,825,500
13,802,750
Website: http://www.debica.com.pl
Address: Firma Oponiarska Debica S.A.
ul. 1 Maja 1,
Debica,
39-200,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE DBC Ordinary Shares Warsaw Stock Exchange PL PLN 24. Nov 1994
Number of employees
Current staff
Staff numbers
2,873
Firma Oponiarska Debica employees.
Industry
Tires and Rubber
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 20:39
End of day share price update: 2019/06/26 00:00
Last earnings filing: 2019/05/17
Last earnings reported: 2019/03/31
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.