Famur
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Famur S.A. manufactures and sells mining machinery and equipment in Poland. The last earnings update was 102 days ago. More info.
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FMF Share Price and Events
7 Day Returns
1 Year Returns
FMF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Famur (FMF) | -3.7% | -1.8% | -9.6% | -18.5% | 192.4% | 2.5% |
| PL Machinery | -1.5% | 2.3% | -1.2% | -22.1% | 19.5% | -26.5% |
| PL Market | -0.6% | 0.4% | 8% | -6.8% | 18.7% | -6.4% |
1 Year Return vs Industry and Market
- FMF outperformed the Machinery industry which returned -22.1% over the past year.
- FMF underperformed the Market in Poland which returned -6.8% over the past year.
Price Volatility
Related Companies
FMF Value
Is Famur 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
Famur
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Famur.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year PL Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 7.2% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 0.75 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.749 (1 + (1- 19%) (17.74%)) |
0.857 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.857 * 7.15%) |
8.98% |
Discounted Cash Flow Calculation for WSE:FMF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Famur is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (PLN, Millions) | 342.30 | 304.68 | 236.47 | 258.97 | 271.47 |
| Source | Analyst x5 | Analyst x5 | Analyst x3 | Analyst x3 | Analyst x3 |
|
Present Value Discounted (@ 8.98%) |
314.10 | 256.54 | 182.70 | 183.60 | 176.61 |
| Present value of next 5 years cash flows | PLN1,113.55 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= PLN271.47 × (1 + 2.85%) ÷ (8.98% – 2.85%) |
PLN4,555.63 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= PLN4,555.63 ÷ (1 + 8.98%)5 |
PLN2,963.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= PLN1,113.55 + PLN2,963.73 |
PLN4,077.28 |
| Equity Value per Share (PLN) |
= Total value / Shares Outstanding
= PLN4,077.28 / 574.76 |
PLN7.09 |
| Calculation | Result | |
|---|---|---|
| Value per share (PLN) | From above. | PLN7.09 |
| Current discount | Discount to share price of
PLN4.97
= -1 x (PLN4.97 - PLN7.09) / PLN7.09 |
29.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Famur's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Famur'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 Famur's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Famur's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in PLN | PLN0.25 |
| WSE:FMF Share Price ** | WSE (2019-02-15) in PLN | PLN4.97 |
| Poland Machinery Industry PE Ratio | Median Figure of 16 Publicly-Listed Machinery Companies | 8.6x |
| Poland Market PE Ratio | Median Figure of 451 Publicly-Listed Companies | 10.52x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Famur.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:FMF Share Price ÷ EPS (both in PLN) = 4.97 ÷ 0.25 |
20x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Famur is overvalued based on earnings compared to the PL Machinery industry average.
- Famur is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does
Famur's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 20x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
7.9%per year |
| Europe Machinery Industry PEG Ratio | Median Figure of 120 Publicly-Listed Machinery Companies | 1.46x |
| Poland Market PEG Ratio | Median Figure of 100 Publicly-Listed Companies | 1.12x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 20x ÷ 7.9% |
2.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Famur is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Famur's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in PLN | PLN2.73 |
| WSE:FMF Share Price * | WSE (2019-02-15) in PLN | PLN4.97 |
| Poland Machinery Industry PB Ratio | Median Figure of 29 Publicly-Listed Machinery Companies | 0.7x |
| Poland Market PB Ratio | Median Figure of 691 Publicly-Listed Companies | 1.02x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:FMF Share Price ÷ Book Value per Share (both in PLN) = 4.97 ÷ 2.73 |
1.82x |
* Primary Listing of Famur.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Famur is overvalued based on assets compared to the PL Machinery industry average.
Value checks
We assess Famur's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) Famur 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.
FMF Future Performance
How is Famur expected to perform in the next 1 to 3 years based on estimates from 6 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!
Earnings growth vs Low Risk Savings
- Famur's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
- Famur's earnings growth is positive but not above the Poland market average.
- Famur's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WSE:FMF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 7.9% |
| WSE:FMF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | -0% |
| Poland Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 7.7% |
| Poland Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| Poland Market Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| Poland Market Revenue Growth Rate | Market Cap Weighted Average | 6.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,288 | 3 | ||
| 2022-12-31 | 2,242 | 487 | 311 | 3 |
| 2021-12-31 | 2,270 | 443 | 261 | 4 |
| 2020-12-31 | 2,124 | 461 | 248 | 6 |
| 2019-12-31 | 2,190 | 430 | 252 | 6 |
| 2018-12-31 | 2,317 | 298 | 233 | 6 |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 2,216 | 282 | 143 |
| 2018-06-30 | 1,996 | 252 | 88 |
| 2018-03-31 | 1,735 | 210 | 46 |
| 2017-12-31 | 1,460 | 192 | 48 |
| 2017-09-30 | 1,271 | 301 | 87 |
| 2017-06-30 | 1,067 | 309 | 95 |
| 2017-03-31 | 1,042 | 301 | 103 |
| 2016-12-31 | 1,030 | 314 | 94 |
| 2016-09-30 | 911 | 142 | 75 |
| 2016-06-30 | 864 | 86 | 68 |
| 2016-03-31 | 739 | 256 | 51 |
| 2015-12-31 | 801 | 115 | 52 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Famur Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 0.54 | 0.54 | 0.54 | 1.00 |
| 2021-12-31 | 0.49 | 0.49 | 0.49 | 1.00 |
| 2020-12-31 | 0.46 | 0.49 | 0.41 | 3.00 |
| 2019-12-31 | 0.42 | 0.45 | 0.40 | 3.00 |
| 2018-12-31 | 0.39 | 0.39 | 0.39 | 1.00 |
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.25 |
| 2018-06-30 | 0.16 |
| 2018-03-31 | 0.08 |
| 2017-12-31 | 0.09 |
| 2017-09-30 | 0.17 |
| 2017-06-30 | 0.19 |
| 2017-03-31 | 0.21 |
| 2016-12-31 | 0.19 |
| 2016-09-30 | 0.16 |
| 2016-06-30 | 0.14 |
| 2016-03-31 | 0.10 |
| 2015-12-31 | 0.11 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Famur's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Famur 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.
FMF Past Performance
How has Famur 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
Past Earnings growth analysis
- Famur's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Famur's 1-year earnings growth exceeds its 5-year average (64.1% vs -18.9%)
- Famur's earnings growth has not exceeded the PL Machinery industry average in the past year (64.1% vs 85.2%).
Earnings and Revenue History
All data from Famur Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 2,216.44 | 142.58 | 196.81 | |
| 2018-06-30 | 1,996.00 | 88.18 | 208.50 | |
| 2018-03-31 | 1,734.87 | 45.79 | 185.00 | |
| 2017-12-31 | 1,459.60 | 48.22 | 161.28 | |
| 2017-09-30 | 1,271.22 | 86.89 | 138.28 | |
| 2017-06-30 | 1,066.60 | 95.31 | 89.20 | |
| 2017-03-31 | 1,042.32 | 103.05 | 88.49 | |
| 2016-12-31 | 1,029.74 | 93.82 | 86.96 | |
| 2016-09-30 | 910.71 | 74.87 | 93.96 | |
| 2016-06-30 | 863.61 | 68.35 | 103.46 | |
| 2016-03-31 | 738.54 | 50.53 | 95.26 | |
| 2015-12-31 | 800.98 | 51.96 | 130.99 | |
| 2015-09-30 | 873.54 | 74.37 | 150.12 | |
| 2015-06-30 | 832.26 | 87.16 | 149.38 | |
| 2015-03-31 | 810.17 | 100.25 | 149.03 | |
| 2014-12-31 | 708.77 | 100.25 | 121.87 | |
| 2014-09-30 | 694.29 | 133.10 | 112.27 | |
| 2014-06-30 | 841.21 | 157.21 | 115.40 | |
| 2014-03-31 | 1,021.17 | 191.60 | 123.51 | |
| 2013-12-31 | 1,176.42 | 207.63 | 127.92 | |
| 2013-09-30 | 1,259.21 | 196.61 | 150.82 | |
| 2013-06-30 | 1,396.58 | 236.97 | 143.82 | |
| 2013-03-31 | 1,479.96 | 263.54 | 133.18 | |
| 2012-12-31 | 1,471.51 | 271.81 | 125.81 | |
| 2012-09-30 | 1,452.64 | 249.09 | 94.31 | |
| 2012-06-30 | 1,243.23 | 174.35 | 96.03 | |
| 2012-03-31 | 1,044.02 | 122.76 | 95.40 |
*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.
- Famur has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Famur used its assets more efficiently than the PL Machinery industry average last year based on Return on Assets.
- Famur has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Famur's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Famur has a total score of 3/6, 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.
FMF Health
How is Famur'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 Famur's finances.
The net worth of a company is the difference between its assets and liabilities.
- Famur is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Famur's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.4x 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.
All data from Famur Company Filings, last reported 4 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 1,530.83 | 506.76 | 364.74 |
| 2018-06-30 | 1,467.43 | 504.87 | 579.34 |
| 2018-03-31 | 1,586.30 | 510.89 | 622.07 |
| 2017-12-31 | 1,549.98 | 650.86 | 725.26 |
| 2017-09-30 | 1,552.28 | 728.35 | 768.58 |
| 2017-06-30 | 1,543.56 | 726.32 | 780.07 |
| 2017-03-31 | 1,030.39 | 264.78 | 533.17 |
| 2016-12-31 | 993.21 | 190.26 | 434.12 |
| 2016-09-30 | 967.04 | 368.88 | 451.37 |
| 2016-06-30 | 949.48 | 362.19 | 403.42 |
| 2016-03-31 | 927.16 | 337.21 | 401.83 |
| 2015-12-31 | 890.23 | 91.55 | 18.70 |
| 2015-09-30 | 883.01 | 85.13 | 27.23 |
| 2015-06-30 | 872.98 | 76.00 | 31.06 |
| 2015-03-31 | 867.84 | 214.69 | 17.27 |
| 2014-12-31 | 840.02 | 83.67 | 67.99 |
| 2014-09-30 | 808.60 | 42.24 | 27.47 |
| 2014-06-30 | 786.05 | 49.51 | 385.95 |
| 2014-03-31 | 1,172.81 | 58.49 | 296.07 |
| 2013-12-31 | 1,142.70 | 65.85 | 206.81 |
| 2013-09-30 | 1,084.01 | 74.23 | 177.44 |
| 2013-06-30 | 1,035.49 | 83.42 | 128.86 |
| 2013-03-31 | 978.95 | 146.53 | 220.13 |
| 2012-12-31 | 929.76 | 161.36 | 203.34 |
| 2012-09-30 | 874.29 | 173.76 | 114.46 |
| 2012-06-30 | 782.03 | 250.03 | 60.03 |
| 2012-03-31 | 697.99 | 225.66 | 45.07 |
- Famur's level of debt (33.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (6.8% vs 33.1% today).
- Debt is well covered by operating cash flow (55.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 24.3x coverage).
Financial health checks
We assess Famur's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Famur has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
FMF Dividends
What is Famur'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
If you bought
PLN2,000 of
Famur
shares you are expected to receive
PLN177
in your first year as a dividend.
Dividend Amount
- Famur's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.5%).
- Famur's dividend is above the markets top 25% of dividend payers in Poland (7.74%).
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.
| 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 6 Analyst Estimates (S&P Global) | See Below |
| Poland Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 7.8% |
| Poland Market Average Dividend Yield | Market Cap Weighted Average of 209 Stocks | 3.3% |
| Poland Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Poland Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Poland Top 25% Dividend Yield | 75th Percentile | 7.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in PLN) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.45 | 1.00 |
| 2022-12-31 | 0.40 | 2.00 |
| 2021-12-31 | 0.36 | 3.00 |
| 2020-12-31 | 0.31 | 6.00 |
| 2019-12-31 | 0.29 | 6.00 |
| 2018-12-31 | 0.39 | 6.00 |
| Date (Data in PLN) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-09-26 | 0.440 | 8.174 |
| 2018-04-27 | 0.440 | 8.119 |
| 2018-04-20 | 0.440 | 7.347 |
| 2016-02-26 | 0.000 | 0.000 |
| 2015-04-30 | 0.000 | 0.000 |
| 2014-11-14 | 0.840 | 26.552 |
| 2014-08-29 | 0.840 | 23.698 |
| 2014-05-15 | 0.840 | 20.557 |
| 2014-04-25 | 0.840 | 19.366 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Famur has been paying a dividend for less than 10 years.
- Famur has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Income/ dividend checks
We assess Famur's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Famur afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Famur 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.
FMF Management
CEO
| COMPENSATION | PLN0 |
CEO Bio
Mr. Miroslaw Bendzera serves as the Chairman of Management Board at Pioma Odlewnia Sp. z o.o. Mr. Bendzera has been President of the Management Board at Famur S.A. since October 2014 and serves as its Member of Management Board and Chief Executive Officer. Mr. Bendzera served as the Chairman of the Management Board at Polska Grupa Odlewnicza Spolka Akcyjna since 2009 and served as its Member of the Management Board. He serves as the President of the Board at Odlewnia Zeliwa Srem S.A. He serves as Member of the Supervisory Board at Kopex S.A. He graduated from the Cracow University of Economics in the field of Management and Marketing.
CEO Compensation
- Miroslaw's compensation has been consistent with company performance over the past year.
- Miroslaw's remuneration is lower than average for companies of similar size in Poland.
Management Team Tenure
Average tenure of the Famur management team in years:
- The average tenure for the Famur management team is less than 2 years, this suggests a new team.
Management Team
Miroslaw Bendzera
President of the Management Board & CEO
Beata Zawiszowska
Deputy CEO & Vice President of the Management Board
Zdzislaw Szypula
Deputy CEO & Vice President of the Management Board
Bartosz Bielak
Deputy CEO
1.4 yrs
Dawid Gruszczyk
VP of Domestic Sales
3.1 yrs
Adam Toborek
VP of Export Sales
1.1 yrs
Board of Directors Tenure
Average tenure of the Famur board of directors in years:
- The average tenure for the Famur board of directors is less than 3 years, this suggests a new board.
Board of Directors
Tomasz Domogala
Chairman of the Supervisory Board
9.1 yrs
Czeslaw Kisiel
Vice Chairman of the Supervisory Board
Jacek Leonkiewicz
Member of Supervisory Board
Magdalena Zajaczkowska-Ejsymont
Member of Supervisory Board
Robert Rogowski
Member of Supervisory Board
1.3 yrs
Dorota Wyjadlowska
Member of Supervisory Board
1.3 yrs
Michal Nowak
Member of Supervisory Board
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Famur's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Famur 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.
FMF News
Simply Wall St News
Is Famur S.A.'s (WSE:FMF) High P/E Ratio A Problem For Investors?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Famur has a price to earnings ratio of 20.77, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio
Simply Wall St - – Full articleIs Famur S.A.’s (WSE:FMF) 12% ROCE Any Good?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … 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 - – Full articleCould The Famur S.A. (WSE:FMF) Ownership Structure Tell Us Something Useful?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWhat Should Investors Know About Famur S.A.'s (WSE:FMF) Growth?
Based on Famur S.A.'s (WSE:FMF) earnings update in September 2018, … analyst consensus outlook appear vastly optimistic, … as a 70% rise in profits is expected in the upcoming year,
Simply Wall St - – Full articleFamur S.A. (WSE:FMF) Is Trading At A 27.39% Discount
Does the December share price for Famur S.A. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleIs Famur S.A.'s (WSE:FMF) Balance Sheet Strong Enough To Weather A Storm?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleDid Famur SA (WSE:FMF) Use Debt To Deliver Its ROE Of 10%?
This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Famur has a return on equity of 10% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDoes Famur SA's (WSE:FMF) November Stock Price Reflect Its Future Growth?
Famur SA (WSE:FMF) closed yesterday at PLN5.5, which left some investors asking whether the high earnings potential can still be justified at this price. … What can we expect from Famur in the future. … According to the analysts covering the company, the following few years should bring about good growth prospects for Famur
Simply Wall St - – Full articleFamur SA (WSE:FMF): Does The -7.5% Earnings Drop Reflect A Longer Term Trend?
Today I will assess FMF's recent performance announced on 30 June 2018 and compare these figures to its historical trend and industry movements. … FMF's trailing twelve-month earnings (from 30 June 2018) of zł88m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -26%, indicating the rate at which FMF is growing has slowed down
Simply Wall St - – Full articleIs There Now An Opportunity In Famur SA (WSE:FMF)?
saw a double-digit share price rise of over 10% in the past couple of months on the WSE. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Famur’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleFMF Company Info
Map
Description
Famur S.A. manufactures and sells mining machinery and equipment in Poland. It operates through Underground, Surface, Electrical Equipment, and Mining Industry Services segments. The Underground segment offers longwall systems, road headers, gallery systems, and transport and handling systems. The Surface segment engages in the underground operations involving assembly of machines and equipment; delivery and construction of mine shaft hoists; and manufacture of loading and hoisting equipment and provision of related services, as well as offers design, construction, and engineering services for the general mining industry. The Electrical Equipment segment designs and manufactures power supply and switchgear equipment, and electronic components; develops and deploys IT solutions and technical systems and devices; integrates power and automation systems; and implements industrial automation systems. The Mining Industry Services segment offers mining construction services, including shaft and sub-shaft sinking; deepening existing shafts and sub-shafts; installing shaft reinforcement, shaft equipment, pipelines, and cables; modernizing shaft hoists; constructing storage facilities for excavated material and reservoirs; repairing shaft supports and entries, shafts outfitting, and storage facilities; and stone and stone/coal excavating. It also provides design services for mining construction, such as conceptual and project design documentation; drilling services comprising surface and underground drilling; and coal trading services. The company also exports its products to Russia and CIS, European Union, rest of Europe, and internationally. The company was founded in 2002 and is based in Katowice, Poland. Famur S.A. is a subsidiary of TDJ Equity I sp. z o.o.
Details
| Name: | Famur S.A. |
| FMF | |
| Exchange: | WSE |
| Founded: | 2002 |
| PLN2,856,550,222 | |
| 574,758,596 | |
| Website: | http://www.famur.com |
| Address: |
Famur S.A. ul. Armii Krajowej 51, Katowice, 40-698, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | FMF | Common Bearer Shares | Warsaw Stock Exchange | PL | PLN | 04. Aug 2006 | |
| BST | 8MF | Common Bearer Shares | Boerse-Stuttgart | DE | EUR | 04. Aug 2006 | |
| LSE | 0OI8 | Common Bearer Shares | London Stock Exchange | GB | PLN | 04. Aug 2006 |
Number of employees
Current staff
Industry
| Construction Machinery and Heavy Trucks | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/16 21:16 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/04 |
| Last earnings filing: | 2018/11/06 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
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.
