Loading...

Famur

WSE:FMF
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FMF
WSE
PLN3B
Market Cap
  1. Home
  2. PL
  3. Capital Goods
Company description

Famur S.A. manufactures and sells mining machinery and equipment in Poland. The last earnings update was 163 days ago. More info.


Add to Portfolio Compare Print
FMF Share Price and Events
7 Day Returns
-3.7%
WSE:FMF
-1.4%
PL Machinery
-0.7%
PL Market
1 Year Returns
-22.5%
WSE:FMF
-17.4%
PL Machinery
-2.5%
PL Market
FMF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Famur (FMF) -3.7% -2.9% -6.2% -22.5% 80.5% 6.3%
PL Machinery -1.4% 0.6% 4.7% -17.4% 4.7% -12.6%
PL Market -0.7% 0% 1.5% -2.5% 12.5% -3.5%
1 Year Return vs Industry and Market
  • FMF underperformed the Machinery industry which returned -17.4% over the past year.
  • FMF underperformed the Market in Poland which returned -2.5% over the past year.
Price Volatility
FMF
Industry
5yr Volatility vs Market

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.
Raw Data

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

WSE:FMF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
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:FMF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 19%) (18.64%))
1.153
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.153 * 7.14%)
11.08%

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 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:FMF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 11.08%)
2019 333.34 Analyst x7 300.09
2020 281.86 Analyst x7 228.42
2021 251.28 Analyst x5 183.32
2022 268.18 Analyst x5 176.13
2023 275.48 Analyst x5 162.88
2024 277.68 Est @ 0.8% 147.79
2025 281.60 Est @ 1.41% 134.93
2026 286.79 Est @ 1.84% 123.71
2027 292.95 Est @ 2.15% 113.75
2028 299.85 Est @ 2.36% 104.82
Present value of next 10 years cash flows PLN1,675.84
WSE:FMF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN299.85 × (1 + 2.85%) ÷ (11.08% – 2.85%)
PLN3,745.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN3,745.94 ÷ (1 + 11.08%)10
PLN1,309.46
WSE:FMF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN1,675.84 + PLN1,309.46
PLN2,985.30
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN2,985.30 / 574.76
PLN5.19
WSE:FMF Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN5.19
Current discount Discount to share price of PLN4.73
= -1 x (PLN4.73 - PLN5.19) / PLN5.19
8.9%

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

Current Discount
Amount off the current price Famur is available for.
Intrinsic value
9%
Share price is PLN4.73 vs Future cash flow value of PLN5.19
Current Discount Checks
For Famur to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Famur's share price is below the future cash flow value, but not 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?
Raw Data
WSE:FMF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.25
WSE:FMF Share Price ** WSE (2019-04-18) in PLN PLN4.73
Poland Machinery Industry PE Ratio Median Figure of 18 Publicly-Listed Machinery Companies 8.39x
Poland Market PE Ratio Median Figure of 458 Publicly-Listed Companies 11.28x

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

** Primary Listing of Famur.

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

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

= 4.73 ÷ 0.25

19.04x

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?
Raw Data
WSE:FMF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
8.4%per year
Poland Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 2.3x
Poland Market PEG Ratio Median Figure of 114 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

WSE:FMF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.04x ÷ 8.4%

2.28x

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?
Raw Data
WSE:FMF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN2.73
WSE:FMF Share Price * WSE (2019-04-18) in PLN PLN4.73
Poland Machinery Industry PB Ratio Median Figure of 31 Publicly-Listed Machinery Companies 0.77x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 1x
WSE:FMF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.73 ÷ 2.73

1.73x

* 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.
X
Value checks
We assess Famur'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Famur has a total score of 0/6, 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 7 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Famur expected to grow at an attractive rate?
  • 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 revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:FMF Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:FMF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 8.4%
WSE:FMF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 0%
Poland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Poland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
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
Raw Data
WSE:FMF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:FMF Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,259 4
2022-12-31 2,268 487 311 4
2021-12-31 2,268 424 270 5
2020-12-31 2,208 451 249 7
2019-12-31 2,175 424 244 7
2018-12-31 2,312 296 229 7
WSE:FMF Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Famur's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
  • Famur's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:FMF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Famur Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:FMF Future Estimates Data
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 0.45 0.49 0.41 4.00
2019-12-31 0.42 0.50 0.35 5.00
2018-12-31 0.39 0.40 0.37 3.00
WSE:FMF Past Financials Data
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.

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.
  • Famur is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Famur'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 Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland 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.
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
Below we compare Famur's growth in the last year to its industry (Machinery).
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.
  • 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 91.9%).
Earnings and Revenue History
Famur'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 Famur Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:FMF Past Revenue, Cash Flow and Net Income Data
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

*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).
X
Past performance checks
We assess Famur'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 Machinery 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Famur'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 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.
Raw Data

All data from Famur Company Filings, last reported 6 months ago.

WSE:FMF Past Debt and Equity Data
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
  • 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).
X
Financial health checks
We assess Famur'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. Famur 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.

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
Dividend payments
9.3%
Current annual income from Famur dividends. Estimated to be 6.57% next year.
If you bought PLN2,000 of Famur shares you are expected to receive PLN186 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?
  • Famur's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.72%).
  • Famur's dividend is above the markets top 25% of dividend payers in Poland (7.69%).
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:FMF 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 7 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 207 Stocks 3.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
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.

WSE:FMF Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.37 1.00
2021-12-31 0.36 3.00
2020-12-31 0.31 7.00
2019-12-31 0.28 7.00
2018-12-31 0.39 7.00
WSE:FMF Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-09-26 0.440 8.472
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.
Current Payout to shareholders
What portion of Famur's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Famur'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 Famur afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Famur'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
Miroslaw Bendzera
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:

3.3
Average Tenure
  • The tenure for the Famur management team is about average.
Management Team

Miroslaw Bendzera

TITLE
President of the Management Board & CEO

Beata Zawiszowska

TITLE
CFO, Deputy CEO & Vice President of the Management Board

Dawid Gruszczyk

TITLE
VP of Domestic Sales
TENURE
3.3 yrs

Tomasz Jakubowski

TITLE
VP, COO of Underground Segment & Member of Management board
COMPENSATION
PLN243K

Waldemar Laski

TITLE
VP of Surface Segment & Member of Management Board
COMPENSATION
PLN600K
TENURE
17.3 yrs

Adam Toborek

TITLE
VP of Export Sales
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Famur board of directors in years:

1.5
Average Tenure
  • The average tenure for the Famur board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tomasz Domogala

TITLE
Chairman of the Supervisory Board
TENURE
9.3 yrs

Czeslaw Kisiel

TITLE
Vice Chairman of the Supervisory Board

Jacek Leonkiewicz

TITLE
Member of Supervisory Board

Magdalena Zajaczkowska-Ejsymont

TITLE
Member of Supervisory Board

Dorota Wyjadlowska

TITLE
Member of Supervisory Board
TENURE
1.5 yrs

Michal Nowak

TITLE
Member of Supervisory Board
TENURE
1.5 yrs

Tomasz Kruk

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

Famur S.A. (WSE:FMF): Poised For Long Term Success?

(WSE:FMF) released its earnings update. … analyst consensus outlook appear vastly optimistic, … with earnings expected to grow by a high double-digit of 69% in the upcoming year,

Simply Wall St -

Does The Famur S.A. (WSE:FMF) Share Price Tend To Follow The Market?

(WSE:FMF), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Shareholders Are Thrilled That The Famur (WSE:FMF) Share Price Increased 190%

It's not uncommon to see a share price retrace a bit, after a big gain. … During three years of share price growth, Famur achieved compound earnings per share growth of 18% per year. … In comparison, the 43% per year gain in the share price outpaces the EPS growth.

Simply Wall St -

Should You Think About Buying Famur S.A. (WSE:FMF) Now?

saw significant share price movement during recent months on the WSE, rising to highs of PLN5.92 and falling to the lows of PLN4.84. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Famur’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

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 -

Is 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 -

Could 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 -

What 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 -

Famur 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 -

Is 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 -

FMF Company Info

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
PLN2,718,608,159
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
Staff numbers
0
Famur employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:03
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
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.