WSE:MGT

Stock Analysis Report

Executive Summary

Mangata Holding S.A. operates in the industrial sector in Poland.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

6.2%

MGT

0.1%

PL Machinery

1.1%

PL Market


1 Year Return

6.8%

MGT

-22.9%

PL Machinery

-3.2%

PL Market

Return vs Industry: MGT exceeded the Polish Machinery industry which returned -22.9% over the past year.

Return vs Market: MGT exceeded the Polish Market which returned -3.2% over the past year.


Shareholder returns

MGTIndustryMarket
7 Day6.2%0.1%1.1%
30 Day7.0%-5.5%-2.6%
90 Day0%-13.9%-7.7%
1 Year13.4%6.8%-17.1%-22.9%-0.3%-3.2%
3 Year-28.2%-41.9%-15.3%-25.3%11.6%3.6%
5 Year31.3%6.2%-9.1%-20.3%0.2%-11.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mangata Holding undervalued compared to its fair value and its price relative to the market?

38.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MGT (PLN69) is trading below our estimate of fair value (PLN112.09)

Significantly Undervalued: MGT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MGT is poor value based on its PE Ratio (8.9x) compared to the Machinery industry average (8.4x).

PE vs Market: MGT is good value based on its PE Ratio (8.9x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

Low PEG Ratio: MGT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MGT is overvalued based on its PB Ratio (1.2x) compared to the PL Machinery industry average (0.8x).


Next Steps

Future Growth

How is Mangata Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-2.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MGT's earnings are forecast to decline over the next 3 years (-2.3% per year).

Earnings vs Market: MGT's earnings are forecast to decline over the next 3 years (-2.3% per year).

High Growth Earnings: MGT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MGT's revenue (4.9% per year) is forecast to grow slower than the Polish market (5.4% per year).

High Growth Revenue: MGT's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MGT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mangata Holding performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MGT's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: MGT's earnings growth over the past year (10.1%) is below its 5-year average (13.9% per year).

Earnings vs Industry: MGT earnings growth over the past year (10.1%) underperformed the Machinery industry 52.5%.


Return on Equity

High ROE: MGT's Return on Equity (13.3%) is considered low.


Return on Assets

ROA vs Industry: MGT has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: MGT has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Mangata Holding's financial position?


Financial Position Analysis

Short Term Liabilities: MGT's short term assets (PLN279.3M) exceeds its short term liabilities (PLN201.1M)

Long Term Liabilities: MGT's short term assets (279.3M) exceeds its long term liabilities (141.2M)


Debt to Equity History and Analysis

Debt Level: MGT's debt to equity ratio (28.1%) is considered satisfactory

Reducing Debt: MGT's debt to equity ratio has increased from 12.7% to 28.1% over the past 5 years.

Debt Coverage: MGT's debt is well covered by operating cash flow (72%).

Interest Coverage: MGT's interest payments on its debt are well covered by EBIT (22.1x coverage).


Balance Sheet

Inventory Level: MGT has a high level of physical assets or inventory.

Debt Coverage by Assets: MGT's debt is covered by short term assets (assets are 2.441620x debt).


Next Steps

Dividend

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

6.52%

Current Dividend Yield


Dividend Yield vs Market

company6.5%marketbottom25%2.6%markettop25%7.4%industryaverage7.3%forecastin3Years6.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MGT's dividend (6.52%) is higher than the bottom 25% of dividend payers in the Polish market (2.64%).

High Dividend: MGT's dividend (6.52%) is low compared to the top 25% of dividend payers in the Polish market (7.41%).

Stable Dividend: MGT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MGT's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.2%), MGT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MGT's dividends in 3 years are forecast to be covered by earnings (58.3% payout ratio).


Next Steps

Management

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


CEO

Leszek Jurasz 0

18.4yrs

Tenure

0

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 Tec ...


CEO Compensation Analysis

Compensation vs. Market: Leszek's total compensation ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).

Compensation vs Earnings: Leszek's compensation has been consistent with company performance over the past year.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kazimierz Przelomski

    Vice President of the Management Board & Financial Director

    • Tenure: 0yrs
  • Jan Jurczyk

    Secretary of the Supervisory Board & Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł128.00k
  • Leszek Jurasz

    President of Management Board & General Director

    • Tenure: 18.4yrs

Board Members

  • Michal Zawisza

    Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł205.00k
  • Zygmunt Mrozek

    Member of the Supervisory Board

    • Tenure: 18.8yrs
    • Compensation: zł97.00k
  • Tomasz Jurczyk

    Vice Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł205.00k
  • Jan Jurczyk

    Secretary of the Supervisory Board & Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł128.00k
  • Zbigniew Rogóz

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł103.00k
  • Marcin Kniec

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Mangata Holding S.A.
  • Ticker: MGT
  • Exchange: WSE
  • Founded: 1946
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: zł460.703m
  • Shares outstanding: 6.68m
  • Website: https://mangata.com.pl

Location

  • Mangata Holding S.A.
  • Cechowa 6/8
  • Bielsko-Biala
  • 43-300
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MGTWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNApr 2005

Biography

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 i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:48
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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