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Mercor

WSE:MCR
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCR
WSE
PLN123M
Market Cap
  1. Home
  2. PL
  3. Capital Goods
Company description

Mercor SA manufactures, sells, installs, and maintains passive fire protection systems. The last earnings update was 15 days ago. More info.


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MCR Share Price and Events
7 Day Returns
2.6%
WSE:MCR
-0.3%
PL Building
-0.7%
PL Market
1 Year Returns
-13.4%
WSE:MCR
-7.1%
PL Building
2.8%
PL Market
MCR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mercor (MCR) 2.6% -1% -5.1% -13.4% -12.4% -3.3%
PL Building -0.3% 3.9% -0.6% -7.1% -13% -28.8%
PL Market -0.7% 1% -2.6% 2.8% 16.5% -3.7%
1 Year Return vs Industry and Market
  • MCR underperformed the Building industry which returned -7.1% over the past year.
  • MCR underperformed the Market in Poland which returned 2.8% over the past year.
Price Volatility
MCR
Industry
5yr Volatility vs Market

MCR Value

 Is Mercor 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
  • It is not possible to calculate the future cash flow value for Mercor. This is due to cash flow or dividend data being unavailable. The share price is PLN7.88.
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 Mercor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mercor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:MCR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN0.98
WSE:MCR Share Price ** WSE (2019-07-12) in PLN PLN7.88
Poland Building Industry PE Ratio Median Figure of 12 Publicly-Listed Building Companies 8.27x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.86x

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

** Primary Listing of Mercor.

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

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

= 7.88 ÷ 0.98

8.01x

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

  • Mercor is good value based on earnings compared to the PL Building industry average.
  • Mercor is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Mercor's expected growth come at a high price?
Raw Data
WSE:MCR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7.9%per year
Europe Building Industry PEG Ratio Median Figure of 34 Publicly-Listed Building Companies 1.49x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.24x

*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 Mercor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mercor's assets?
Raw Data
WSE:MCR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN9.25
WSE:MCR Share Price * WSE (2019-07-12) in PLN PLN7.88
Poland Building Industry PB Ratio Median Figure of 15 Publicly-Listed Building Companies 0.85x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.97x
WSE:MCR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.88 ÷ 9.25

0.85x

* Primary Listing of Mercor.

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

  • Mercor is good value based on assets compared to the PL Building industry average.
X
Value checks
We assess Mercor'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Mercor has a total score of 3/6, 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.

MCR Future Performance

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

  • No analysts cover Mercor, 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
-7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mercor expected to grow at an attractive rate?
  • Mercor's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Mercor's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Unable to compare Mercor's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:MCR Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:MCR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7.9%
Poland Building Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Europe Building 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 5.4%

*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:MCR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:MCR Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 371 14 15
2018-12-31 347 18 16
2018-09-30 329 5 11
2018-06-30 325 19 13
2018-03-31 318 7 11
2017-12-31 319 13 6
2017-09-30 300 11 4
2017-06-30 285 -2 3
2017-03-31 269 13 3
2016-12-31 256 -2 7
2016-09-30 253 18 9
2016-06-30 241 19 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mercor's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Mercor 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:MCR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mercor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MCR Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 0.98
2018-12-31 1.00
2018-09-30 0.72
2018-06-30 0.82
2018-03-31 0.70
2017-12-31 0.36
2017-09-30 0.26
2017-06-30 0.18
2017-03-31 0.19
2016-12-31 0.43
2016-09-30 0.55
2016-06-30 0.56

*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 Mercor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mercor'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 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.
Mercor has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

MCR Past Performance

  How has Mercor 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 Mercor's growth in the last year to its industry (Building).
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.
  • Mercor's year on year earnings growth rate has been positive over the past 5 years.
  • Mercor's 1-year earnings growth exceeds its 5-year average (41.2% vs 12.8%)
  • Mercor's earnings growth has exceeded the PL Building industry average in the past year (41.2% vs 18.9%).
Earnings and Revenue History
Mercor'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 Mercor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MCR Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 370.92 15.41 64.42
2018-12-31 347.49 15.67 60.76
2018-09-30 329.39 11.27 59.71
2018-06-30 324.70 12.88 58.80
2018-03-31 318.47 10.91 57.89
2017-12-31 318.79 5.56 58.22
2017-09-30 300.14 4.10 56.90
2017-06-30 285.08 2.80 55.33
2017-03-31 269.50 2.96 54.75
2016-12-31 256.09 6.72 54.22
2016-09-30 253.38 8.67 54.67
2016-06-30 241.32 8.73 53.37
2016-03-31 231.73 7.04 52.59
2015-12-31 224.28 4.37 50.48
2015-09-30 213.79 2.60 49.15
2015-06-30 210.58 5.28 48.87
2015-03-31 206.38 8.11 47.43
2014-12-31 197.63 8.46 47.40
2014-09-30 198.81 11.56 44.55
2014-06-30 202.18 8.32 44.25
2014-03-31 199.93 6.13 42.27
2013-12-31 61.59 24.20 17.29
2013-09-30 116.48 27.92 26.22
2013-06-30 162.60 -37.47 34.27
2013-03-31 208.91 -36.17 43.33
2012-12-31 400.37 -45.52 73.42
2012-09-30 399.40 -43.85 69.93

*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.
  • Mercor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mercor used its assets more efficiently than the PL Building industry average last year based on Return on Assets.
  • Mercor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mercor'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 Building 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.
Mercor has a total score of 5/6, 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.

MCR Health

 How is Mercor'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 Mercor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mercor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mercor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mercor'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 1.5x 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 Mercor Company Filings, last reported 3 months ago.

WSE:MCR Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 149.03 86.43 13.53
2018-12-31 146.27 84.70 13.86
2018-09-30 139.71 89.03 9.21
2018-06-30 139.72 87.69 11.27
2018-03-31 131.08 82.71 12.69
2017-12-31 130.49 83.03 12.42
2017-09-30 128.53 82.71 12.52
2017-06-30 123.28 85.20 8.24
2017-03-31 121.01 78.25 11.22
2016-12-31 129.33 81.03 10.65
2016-09-30 125.08 71.44 9.02
2016-06-30 130.30 58.58 10.27
2016-03-31 123.44 49.07 6.78
2015-12-31 124.53 53.06 7.69
2015-09-30 121.38 64.04 4.36
2015-06-30 143.69 38.96 12.47
2015-03-31 134.22 41.33 4.82
2014-12-31 139.30 31.93 7.62
2014-09-30 132.81 41.77 8.94
2014-06-30 284.57 8.96 130.95
2014-03-31 277.61 9.22 112.79
2013-12-31 289.84 11.29 136.28
2013-09-30 282.60 86.93 14.41
2013-06-30 279.65 96.00 8.47
2013-03-31 273.89 99.82 7.50
2012-12-31 271.59 109.25 7.55
2012-09-30 262.22 119.18 11.55
  • Mercor's level of debt (73.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.1% vs 73.8% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Mercor'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. Mercor has a total score of 3/6, 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.

MCR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mercor dividends.
If you bought PLN2,000 of Mercor shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mercor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mercor's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:MCR 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 Building Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 2.3%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7%

Industry and Market average data is calculated daily.

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

WSE:MCR Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.000 0.000
2018-11-30 0.000 0.000
2018-08-17 0.000 0.000
2018-07-27 0.000 0.000
2018-02-16 0.000 0.000
2017-11-30 0.000 0.000
2017-08-21 0.000 0.000
2017-07-14 0.000 0.000
2016-06-17 0.510 4.877
2015-06-19 1.020 10.985
2014-08-14 9.260 113.304
2014-06-11 9.260 89.171
2012-02-14 0.000 0.000
2011-11-30 0.000 0.000
2011-08-12 0.000 0.000
2011-07-15 0.000 0.000
2011-06-17 0.000 0.000
2010-11-15 0.500 2.879
2010-08-31 0.500 2.293
2010-04-07 0.500 2.418

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

  • Unable to perform a dividend volatility check as Mercor has not reported any payouts.
  • Unable to verify if Mercor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mercor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mercor has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mercor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Mercor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mercor has a total score of 0/6, see the detailed checks below.


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

MCR Management

 What is the CEO of Mercor'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
Krzysztof Krempec
COMPENSATION PLN210,000
CEO Bio

Mr. Krzysztof Krempec serves as the Chairman of the Management Board of Mercor S.a. and served as its Vice-Chairman.

CEO Compensation
  • Krzysztof's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Krzysztof's remuneration is higher than average for companies of similar size in Poland.
Management Team

Krzysztof Krempec

TITLE
Chairman of the Management Board
COMPENSATION
PLN210K

Tomasz Rutowski

TITLE
Secretary and Member of Supervisory Board

Tomasz Kaminski

TITLE
Manager of Smoke and Heat Exhaust Ventilation System Section

Jaroslaw Rompca

TITLE
Managing Director of Smoke & Heat Exhaust Systems Department
Board of Directors

Lucjan Myrda

TITLE
Chairman of Supervisory Board

Grzegorz Nagulewicz

TITLE
Deputy Chairman of Supervisory Board

Tomasz Rutowski

TITLE
Secretary and Member of Supervisory Board

Marian Popinigis

TITLE
Member of Supervisory Board
TENURE
9.7 yrs

Blazej Zmijewski

TITLE
Member of Supervisory Board

Piotr Augustyniak

TITLE
Member of Supervisory Board
AGE
54

Eryk Karski

TITLE
Member of Supervisory Board
AGE
42
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 Mercor'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. Mercor 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.

MCR News

Simply Wall St News

Mercor SA (WSE:MCR): Has Recent Earnings Growth Beaten Long-Term Trend?

When Mercor SA (WSE:MCR) released its most recent earnings update (31 March 2019), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … MCR's trailing twelve-month earnings (from 31 March 2019) of zł15m has jumped 41% compared to the previous year. … Mercor's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

What Investors Should Know About Mercor SA's (WSE:MCR) Financial Strength

MCR’s Debt (And Cash Flows) MCR has sustained its debt level by about zł109m over the last 12 months which accounts for long term debt. … Additionally, MCR has generated zł18m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 16%, signalling that MCR’s operating cash is less than its debt. … At the current liabilities level of zł99m, it seems that the business has been able to meet these commitments with a current assets level of zł167m, leading to a 1.68x current account ratio.

Simply Wall St -

Estimating The Fair Value Of Mercor SA (WSE:MCR)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (PLN, Millions) PLN3.85 PLN6.54 PLN9.80 PLN13.30 PLN16.75 PLN19.92 PLN22.74 PLN25.18 PLN27.30 PLN29.13 Growth Rate Estimate Source Est @ 98.8% Est @ 70.02% Est @ 49.87% Est @ 35.76% Est @ 25.89% Est @ 18.98% Est @ 14.14% Est @ 10.75% Est @ 8.38% Est @ 6.72% Present Value (PLN, Millions) Discounted @ 15.08% PLN3.34 PLN4.94 PLN6.43 PLN7.59 PLN8.30 PLN8.58 PLN8.51 PLN8.19 PLN7.71 PLN7.15 Present Value of 10-year Cash Flow (PVCF)= PLN70.74m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 2.9%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = zł29m × (1 + 2.9%) ÷ (15.1% – 2.9%) = zł245m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = PLNzł245m ÷ ( 1 + 15.1%)10 = PLN60.18m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is PLN130.91m.

Simply Wall St -

With A Return On Equity Of 11%, Has Mercor SA's (WSE:MCR) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every PLN1 worth of equity in the company, it was able to earn PLN0.11. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Does Mercor SA's (WSE:MCR) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Mercor SA's (WSE:MCR) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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What Can We Learn From Mercor SA’s (WSE:MCR) Investment Returns?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … 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.

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Why You Should Care About Mercor SA’s (WSE:MCR) Low Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

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Can Mercor SA's (WSE:MCR) ROE Continue To Surpass The Industry Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every PLN1 worth of equity in the company, it was able to earn PLN0.099. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Be Tempted To Sell Mercor SA (WSE:MCR) At Its Current PE Ratio?

While MCR might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Demystifying the P/E ratio

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Who Are The Major Shareholders Of Mercor SA (WSE:MCR)?

I am going to take a deep dive into Mercor SA’s (WSE:MCR) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

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MCR Company Info

Description

Mercor SA manufactures, sells, installs, and maintains passive fire protection systems. The company provides natural smoke exhausting systems comprising smoke exhaust vents, skylights, roof hatches, ventilation flaps, continuous roof lights, smoke curtains, louvered vents, and control systems; and fire ventilation systems comprising cut-off fire valves, fire dampers, smoke exhaust fans, intake and exhaust fans, control units, overpressure systems for staircases, jet ventilation systems for garages, and explosion-proof technology products. It also offers construction protections, such as spray, coating, sealing, fireproof board, and magnesium board systems. The company’s products are used in production halls and warehouses, logistics centers, public buildings, commercial buildings, and residential buildings. Mercor SA was founded in 1988 and is headquartered in Gdansk, Poland.

Details
Name: Mercor SA
MCR
Exchange: WSE
Founded: 1988
PLN123,389,255
15,658,535
Website: http://www.mercor.com.pl
Address: Mercor SA
Grzegorza z Sanoka 2,
Gdansk,
80-408,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE MCR Common Stock Warsaw Stock Exchange PL PLN 19. Jul 2007
Number of employees
Current staff
Staff numbers
0
Mercor employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/14 21:05
End of day share price update: 2019/07/12 00:00
Last earnings filing: 2019/06/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.