WSE:ERB

Stock Analysis Report

Executive Summary

Erbud S.A., together with its subsidiaries, engages in the construction business in Poland, Germany, Belgium, and Luxembourg.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Risks

  • Erbud is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Erbud's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.9%

WSE:ERB

-1.7%

PL Construction

-2.6%

PL Market


1 Year Return

-9.0%

WSE:ERB

-4.3%

PL Construction

-8.2%

PL Market

ERB underperformed the Construction industry which returned -5% over the past year.

ERB matched the Poland Market (-8.5%) over the past year.


Share holder returns

ERBIndustryMarket
7 Day-5.9%-1.7%-2.6%
30 Day3.3%-4.7%-9.0%
90 Day0.4%-5.6%-5.3%
1 Year-9.0%-9.0%-1.3%-4.3%-5.3%-8.2%
3 Year-54.4%-59.0%-40.4%-46.4%7.7%-0.3%
5 Year-34.8%-44.8%-21.0%-31.0%-1.8%-14.4%

Price Volatility Vs. Market

How volatile is Erbud's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

14%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Erbud's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Erbud's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Erbud is loss making, we can't compare its value to the PL Construction industry average.

Erbud is loss making, we can't compare the value of its earnings to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Erbud, we can't assess if its growth is good value.


Price Based on Value of Assets

Erbud is good value based on assets compared to the PL Construction industry average.


Next Steps

Future Growth

How is Erbud expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

29.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Erbud's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Erbud's earnings are expected to grow significantly at over 20% yearly.

Erbud's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.

Erbud's earnings growth is expected to exceed the Poland market average.

Erbud's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Erbud will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Erbud performed over the past 5 years?

-30.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Erbud does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Erbud's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Erbud's 1-year growth to the PL Construction industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Erbud has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Erbud has efficiently used its assets last year compared to the PL Construction industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Erbud improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Erbud's financial position?


Financial Position Analysis

Erbud is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Erbud's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Erbud's level of debt (46.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (43.4% vs 46.3% today).

Debt is well covered by operating cash flow (64.5%, greater than 20% of total debt).

Unable to confirm if the interest payments on Erbud's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 8x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Erbud's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Erbud's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Erbud has not reported any payouts.

Unable to verify if Erbud's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Erbud 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.


Next Steps

Management

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

20.7yrs

Average management tenure


CEO

Erbud has no CEO, or we have no data on them.


Management Age and Tenure

20.7yrs

Average Tenure

The average tenure for the Erbud management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.5yrs

Average Tenure

The tenure for the Erbud board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Józef Zubelewicz

    Member of the Management Board

    • Tenure: 19.8yrs
  • Dariusz Grzeszczak

    Member of the Management Board

    • Tenure: 26.6yrs
  • Dagmara Sobolewska

    Director of HR Division

  • Mariola Zielinska

    Chief Accountant

    • Tenure: 1.6yrs
  • Agnieszka Glowacka

    CFO & Member of the Management Board

    • Tenure: 21.5yrs
  • Wodzimierz Czystowski

    Joint Procurist

    • Compensation: PLN196.00k
  • Waldemar Kozowski

    Joint Procurist

    • Compensation: PLN228.00k
  • Dorota Truskiewicz

    Director of Marketing & PR Department


Board Members

  • Janusz Reiter

    Member of the Supervisory Board

    • Tenure: 3.6yrs
  • Gabriel Glówka

    Deputy Chairman of the Supervisory Board

  • Albert Dürr

    Member of the Supervisory Board

    • Tenure: 13.6yrs
  • Udo Berner

    Chairman of the Supervisory Board

    • Tenure: 9.7yrs
  • Bogdan Durr

    Director of Prokurist of Erbud S.A.

  • Michal Otto

    Member of the Supervisory Board

    • Tenure: 7.3yrs
  • Piotr Kaczmarek

    Member of the Supervisory Board

  • Jerzy Polaszek

    Adviser to the Management Board

Company Information

Erbud S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Erbud S.A.
  • Ticker: ERB
  • Exchange: WSE
  • Founded: 1990
  • Industry: construction and engineering
  • Sector: capital goods
  • Market Cap: zł162.711m
  • Shares outstanding: 12.81m
  • Website: Click here

Number of Employees


Location

  • Erbud S.A.
  • ul. Franciszka Klimczaka 1
  • Warsaw
  • 02-797
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ERBWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2007

Biography

Erbud S.A., together with its subsidiaries, engages in the construction business in Poland, Germany, Belgium, and Luxembourg. It operates through five segments: Residential/Commercial Buildings at Home, Re ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/16 21:10
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.