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Mangata Holding

WSE:MGT
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MGT
WSE
PLN461M
Market Cap
  1. Home
  2. PL
  3. Capital Goods
Company description

Mangata Holding S.A. operates in the industrial sector in Poland. The last earnings update was 74 days ago. More info.


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MGT Share Price and Events
7 Day Returns
1.5%
WSE:MGT
-1.2%
PL Machinery
-0%
PL Market
1 Year Returns
-24.2%
WSE:MGT
-10.3%
PL Machinery
2.8%
PL Market
MGT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mangata Holding (MGT) 1.5% -6.8% -2.8% -24.2% -36.3% 1.5%
PL Machinery -1.2% -5.1% -6.4% -10.3% 1.8% -8.3%
PL Market -0% 0.8% -2.5% 2.8% 14.5% -4.4%
1 Year Return vs Industry and Market
  • MGT underperformed the Machinery industry which returned -10.3% over the past year.
  • MGT underperformed the Market in Poland which returned 2.8% over the past year.
Price Volatility
MGT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mangata Holding 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 Mangata Holding 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 Mangata Holding.

WSE:MGT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.9%
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.

Calculation of Discount Rate/ Cost of Equity for WSE:MGT
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 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 19%) (37.16%))
1.274
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.274 * 7.14%)
11.95%

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

The calculations below outline how an intrinsic value for Mangata Holding 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:MGT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 11.95%)
2020 31.45 Analyst x2 28.09
2021 33.00 Analyst x1 26.33
2022 39.00 Analyst x1 27.80
2023 44.00 Analyst x1 28.02
2024 48.03 Est @ 9.15% 27.32
2025 51.51 Est @ 7.26% 26.17
2026 54.57 Est @ 5.94% 24.77
2027 57.30 Est @ 5.01% 23.23
2028 59.80 Est @ 4.36% 21.66
2029 62.14 Est @ 3.91% 20.10
Present value of next 10 years cash flows PLN253.50
WSE:MGT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN62.14 × (1 + 2.85%) ÷ (11.95% – 2.85%)
PLN702.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN702.63 ÷ (1 + 11.95%)10
PLN227.31
WSE:MGT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN253.50 + PLN227.31
PLN480.81
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN480.81 / 6.68
PLN72.01
WSE:MGT Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN72.01
Current discount Discount to share price of PLN69.00
= -1 x (PLN69.00 - PLN72.01) / PLN72.01
4.2%

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

Current Discount
Amount off the current price Mangata Holding is available for.
Intrinsic value
4%
Share price is PLN69 vs Future cash flow value of PLN72.01
Current Discount Checks
For Mangata Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mangata Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Mangata Holding'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 Mangata Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mangata Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:MGT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN8.43
WSE:MGT Share Price ** WSE (2019-07-19) in PLN PLN69
Poland Machinery Industry PE Ratio Median Figure of 22 Publicly-Listed Machinery Companies 8.41x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.85x

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

** Primary Listing of Mangata Holding.

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

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

= 69 ÷ 8.43

8.19x

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

  • Mangata Holding is good value based on earnings compared to the PL Machinery industry average.
  • Mangata Holding is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Mangata Holding's expected growth come at a high price?
Raw Data
WSE:MGT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-3.7%per year
Poland Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies -2.21x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.19x ÷ -3.7%

-2.21x

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

  • Mangata Holding earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mangata Holding's assets?
Raw Data
WSE:MGT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN60.89
WSE:MGT Share Price * WSE (2019-07-19) in PLN PLN69
Poland Machinery Industry PB Ratio Median Figure of 29 Publicly-Listed Machinery Companies 0.89x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.96x
WSE:MGT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 69 ÷ 60.89

1.13x

* Primary Listing of Mangata Holding.

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

  • Mangata Holding is overvalued based on assets compared to the PL Machinery industry average.
X
Value checks
We assess Mangata Holding'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. Mangata Holding has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Mangata Holding expected to perform in the next 1 to 3 years based on estimates from 4 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
-3.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mangata Holding expected to grow at an attractive rate?
  • Mangata Holding'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
  • Mangata Holding's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Mangata Holding's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:MGT Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:MGT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -3.7%
WSE:MGT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.8%
Poland Machinery Industry Earnings Growth Rate Market Cap Weighted Average -2.7%
Poland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.3%
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:MGT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:MGT Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 854 1
2022-12-31 834 1
2021-12-31 804 82 51 2
2020-12-31 763 79 48 4
2019-12-31 744 54 51 2
WSE:MGT Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 716 81 56
2018-12-31 703 74 55
2018-09-30 694 66 50
2018-06-30 665 68 47
2018-03-31 640 51 44
2017-12-31 617 55 42
2017-09-30 596 53 40
2017-06-30 584 51 40
2017-03-31 577 57 40
2016-12-31 568 61 45
2016-09-30 556 50 48
2016-06-30 509 62 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mangata Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Mangata Holding's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
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:MGT 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 4 Analyst Estimates (S&P Global) See Below

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

WSE:MGT Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.70 7.70 7.70 1.00
2020-12-31 7.20 7.20 7.20 1.00
2019-12-31 7.70 7.70 7.70 1.00
WSE:MGT Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 8.43
2018-12-31 8.19
2018-09-30 7.45
2018-06-30 7.02
2018-03-31 6.57
2017-12-31 6.23
2017-09-30 5.97
2017-06-30 6.03
2017-03-31 5.95
2016-12-31 6.72
2016-09-30 7.29
2016-06-30 7.84

*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.
  • Mangata Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mangata Holding'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.
Mangata Holding 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.

Past Performance

  How has Mangata Holding 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 Mangata Holding'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.
  • Mangata Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Mangata Holding's 1-year earnings growth exceeds its 5-year average (28.3% vs 14.3%)
  • Mangata Holding's earnings growth has not exceeded the PL Machinery industry average in the past year (28.3% vs 84.2%).
Earnings and Revenue History
Mangata Holding'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 Mangata Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MGT Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 716.32 56.26 92.24
2018-12-31 702.82 54.67 90.07
2018-09-30 693.85 49.72 84.01
2018-06-30 664.72 46.87 78.00
2018-03-31 639.97 43.84 76.01
2017-12-31 617.48 41.62 72.88
2017-09-30 596.48 39.87 70.60
2017-06-30 584.00 40.27 71.04
2017-03-31 577.20 39.71 71.17
2016-12-31 568.25 44.89 70.34
2016-09-30 556.01 47.63 67.87
2016-06-30 508.61 47.73 59.80
2016-03-31 440.89 41.44 52.84
2015-12-31 377.14 31.87 46.68
2015-09-30 327.27 28.74 41.44
2015-06-30 315.10 26.36 42.54
2015-03-31 312.72 27.65 41.37
2014-12-31 306.34 29.62 39.85
2014-09-30 300.98 26.85 36.95
2014-06-30 298.80 26.75 35.56
2014-03-31 293.19 27.85 34.85
2013-12-31 291.87 25.43 34.46
2013-09-30 288.40 26.87 34.29
2013-06-30 283.86 25.50 34.14
2013-03-31 280.11 23.12 34.06
2012-12-31 277.17 22.66 34.26
2012-09-30 275.35 30.01 32.52

*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.
  • Mangata Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mangata Holding used its assets more efficiently than the PL Machinery industry average last year based on Return on Assets.
  • Mangata Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mangata Holding'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.
Mangata Holding has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Mangata Holding'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 Mangata Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mangata Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mangata Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mangata Holding'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 1.8x 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 Mangata Holding Company Filings, last reported 3 months ago.

WSE:MGT Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 422.08 127.34 36.78
2018-12-31 404.90 134.53 37.37
2018-09-30 393.26 134.43 15.02
2018-06-30 375.38 93.71 38.66
2018-03-31 431.11 96.17 33.14
2017-12-31 418.12 104.32 41.37
2017-09-30 409.01 111.70 37.80
2017-06-30 439.06 79.09 42.19
2017-03-31 426.20 71.54 42.88
2016-12-31 409.39 73.55 43.82
2016-09-30 407.34 81.77 39.58
2016-06-30 395.52 76.34 34.53
2016-03-31 382.54 71.37 37.01
2015-12-31 367.12 73.93 18.45
2015-09-30 218.72 58.84 9.69
2015-06-30 202.98 31.97 19.13
2015-03-31 197.14 45.66 27.48
2014-12-31 189.09 38.26 32.64
2014-09-30 177.70 19.94 27.54
2014-06-30 170.35 21.72 24.46
2014-03-31 161.60 22.92 15.50
2013-12-31 154.32 29.37 20.34
2013-09-30 152.33 31.78 16.96
2013-06-30 143.85 34.39 16.24
2013-03-31 135.39 42.03 15.63
2012-12-31 129.53 42.35 19.68
2012-09-30 125.27 50.41 18.01
  • Mangata Holding's level of debt (40.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 40.6% today).
  • Debt is well covered by operating cash flow (47.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.2x coverage).
X
Financial health checks
We assess Mangata Holding'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. Mangata Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Mangata Holding'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
6.52%
Current annual income from Mangata Holding dividends. Estimated to be 6.23% next year.
If you bought PLN2,000 of Mangata Holding shares you are expected to receive PLN130 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?
  • Mangata Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.78%).
  • Mangata Holding's dividend is below the markets top 25% of dividend payers in Poland (7.12%).
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:MGT 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 4 Analyst Estimates (S&P Global) See Below
Poland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.2%
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 7.1%

Industry and Market average data is calculated daily.

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

WSE:MGT Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.20 1.00
2020-12-31 4.60 1.00
2019-12-31 4.10 1.00
WSE:MGT Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-05-07 4.500 6.330
2019-04-02 4.500 6.497
2018-09-11 9.000 13.757
2018-04-04 9.000 9.818
2014-03-20 0.000 0.000
2014-01-15 0.000 0.000
2013-08-27 0.000 0.000
2013-03-20 0.000 0.000
2012-03-20 1.000 2.668

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

  • Mangata Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Mangata Holding only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Mangata Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Mangata Holding'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 Mangata Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mangata Holding has a total score of 3/6, see the detailed checks below.


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

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leszek Jurasz
COMPENSATION PLN0
TENURE AS CEO 18.2 years
CEO Bio

Mr. Leszek Jurasz has been the President of Management Board and General Director of Mangata Holding S.A. since May 2001 and 2001 respectively. Mr. Jurasz serves as the Chairman of Supervisory Board at Techmadex Spólka Akcyjna. He has been Vice Chairman of Supervisory Board at Black Point S.A. since June 24, 2015. In 1987, Mr. Jurasz started to work in the Screw Manufacturing Plant in Zywiec where he successively worked as a electronics specialist, electric department manager and chief power engineer. From 1992 to 1994, he was a Co-owner and President of the Management Board of the company Larex. In 1994, he started work at Srubena S.A. in Zywiec, first as Director of Energy Department, then Main Technologist, Computerization Director, Production Director - Member of the Management Board and then President of the Management Board. From 1999 to 2000, he became President of the Management Board of the company Srubena - Produkcja Sp. z o.o. Since 2000 until 2001, he has been cooperating with ZETKAMA S.A., he performed the function of Vice-President of the Management Board. From 2001 to 2007, he participated in several acquisition projects carried out by the Riverside Investment Fund as an Industry Expert, whose role was opinion on the merits of investments, participation in the processes of restructuring and work in the bodies of these entities, both domestically and abroad including Germany and the Czech Republic. He serves as President of the Supervisory Boards of Srubena Unia S.A, MCS Sp. z o.o., and Armak Sp. z o.o. He has been a Member of the Supervisory Board of Plasma System S.A. since August 10, 2016. Mr. Jurasz serves as the Supervisory Board Chairman of Srubena Unia SA, Supervisory Board Chairman of MCS Sp. z o. o. and the Management Board President at Armak Sp. z o.o. He served as President of the Management Board of Srubena - Produkcja Sp. z o.o.; from 2000 to 2001, he serves as Member of Supervisory Board at Techmadex Spólka Akcyjna and Black Point S.A. Since 2012, he has been President of Polish Industrial Reinforcement Association. He completed numerous domestic and foreign training in strategic management, management in accordance with quality systems, management and organization of production processes, introduction and operation of company on the Stock Exchange, public appearances and others. He is a graduate of Silesian University of Technology where he received his Master of Engineering and completed postgraduate studies (managerial direction), the University of Silesia in Katowice.

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

Leszek Jurasz

TITLE
President of Management Board & General Director
TENURE
18.2 yrs

Kazimierz Przelomski

TITLE
Vice President of the Management Board & Financial Director

Jan Jurczyk

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board
COMPENSATION
PLN128K
Board of Directors

Michal Zawisza

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN205K

Tomasz Jurczyk

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
PLN205K

Jan Jurczyk

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board
COMPENSATION
PLN128K

Zygmunt Mrozek

TITLE
Member of the Supervisory Board
COMPENSATION
PLN97K
TENURE
18.5 yrs

Zbigniew Rogoz

TITLE
Member of Supervisory Board
COMPENSATION
PLN103K

Marcin Kniec

TITLE
Member of Supervisory Board
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 Mangata Holding'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. Mangata Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Estimating The Intrinsic Value Of Mangata Holding S.A. (WSE:MGT)

(WSE:MGT) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … 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) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (PLN, Millions) PLN31.5m PLN33.0m PLN39.0m PLN44.0m PLN48.0m PLN51.5m PLN54.6m PLN57.3m PLN59.8m PLN62.1m Growth Rate Estimate Source Analyst x2 Analyst x1 Analyst x1 Analyst x1 Est @ 9.15% Est @ 7.26% Est @ 5.94% Est @ 5.01% Est @ 4.36% Est @ 3.91% Present Value (PLN, Millions) Discounted @ 11.96% PLN28.1 PLN26.3 PLN27.8 PLN28.0 PLN27.3 PLN26.2 PLN24.7 PLN23.2 PLN21.6 PLN20.1 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= PLN253.4m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = zł62m × (1 + 2.9%) ÷ (12% – 2.9%) = zł702m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = PLNzł702m ÷ ( 1 + 12%)10 = PLN226.77m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is PLN480.12m.

Simply Wall St -

Here's Why Mangata Holding (WSE:MGT) Can Manage Its Debt Responsibly

WSE:MGT Historical Debt, July 1st 2019 A Look At Mangata Holding's Liabilities We can see from the most recent balance sheet that Mangata Holding had liabilities of zł189.8m falling due within a year, and liabilities of zł147.1m due beyond that. … Since Mangata Holding does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

How Financially Strong Is Mangata Holding S.A. (WSE:MGT)?

Investors are always looking for growth in small-cap stocks like Mangata Holding S.A. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Can Mangata Holding S.A.'s (WSE:MGT) ROE Continue To Surpass The Industry Average?

Over the last twelve months Mangata Holding has recorded a ROE of 13%. … Check out our latest analysis for Mangata Holding? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Mangata Holding SA (WSE:MGT)

and want to begin learning the link between Mangata Holding SA (WSE:MGT)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Mangata Holding is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Has Mangata Holding SA (WSE:MGT) Improved Earnings Growth In Recent Times?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … How MGT fared against its long-term earnings performance and its industry … MGT's trailing twelve-month earnings (from 31 March 2018) of zł43.84m has

Simply Wall St -

What Investors Should Know About Mangata Holding SA's (WSE:MGT) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … 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 -

Read This Before Buying Mangata Holding SA (WSE:MGT) For Its Upcoming zł9.00 Dividend

Have you been keeping an eye on Mangata Holding SA's (WSE:MGT) upcoming dividend of zł9.00 per share payable on the 06 August 2018? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Mangata Holding's latest financial data to analyse its dividend attributes. … See our latest analysis for Mangata Holding

Simply Wall St -

Does Mangata Holding SA's (WSE:MGT) PE Ratio Warrant A Sell?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Mangata Holding SA (WSE:MGT)’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Are Mangata Holding SA's (WSE:MGT) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Mangata Holding SA (WSE:MGT), with a market cap of zł599.58m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Company Info

Description

Mangata Holding S.A. operates in the industrial sector in Poland. It offers forgings for automotive, mining, construction, energy, and agriculture industries; exhaust systems and metal components for use in automotive, construction, agriculture, and forestry industries; and car parts, mechanical parts, and servo drive parts, as well as parts for construction and agricultural machinery, hydraulic units, and high pressure hydraulic pumps. The company also provides stop, bellow, check, butterfly, ball, and gate valves, as well as strainers, backflow preventers, rubber expansion joints, and castings for heating plants and systems, air conditioning and ventilation, water and sewage plants, and shipbuilding applications; and bolts, nuts, washers, and rivets that are used in construction, railway, engineering, mining, and automotive industries. In addition, it offers engineering services for the implementation of the research and development of industrial valves and regulation systems. Mangata Holding S.A. also exports its products to approximately 70 countries. The company was formerly known as ZETKAMA Spólka Akcyjna and changed its name to Mangata Holding S.A. in September 2016. Mangata Holding S.A. was founded in 1946 and is based in Bielsko-Biala, Poland.

Details
Name: Mangata Holding S.A.
MGT
Exchange: WSE
Founded: 1946
PLN460,702,926
6,676,854
Website: http://mangata.com.pl
Address: Mangata Holding S.A.
Cechowa 6/8,
Bielsko-Biala,
43-300,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE MGT Common Shares Warsaw Stock Exchange PL PLN 29. Apr 2005
Number of employees
Current staff
Staff numbers
0
Mangata Holding employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:00
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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

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