WSE:MGT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet with proven 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

-1.5%

WSE:MGT

1.8%

PL Machinery

2.8%

PL Market


1 Year Return

-20.8%

WSE:MGT

-11.5%

PL Machinery

-2.5%

PL Market

MGT underperformed the Machinery industry which returned -11.5% over the past year.

MGT underperformed the Market in Poland which returned -2.5% over the past year.


Share holder returns

MGTIndustryMarket
7 Day-1.5%1.8%2.8%
30 Day-3.7%-0.7%4.9%
90 Day-10.4%-12.6%-3.3%
1 Year-15.9%-20.8%-5.2%-11.5%0.4%-2.5%
3 Year-37.2%-49.2%-9.4%-20.0%13.4%5.0%
5 Year19.0%-3.7%-8.0%-19.6%-4.0%-15.5%

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 based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Mangata Holding's share price is below the future cash flow value, and 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 Based on Earnings

Mangata Holding is overvalued 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

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

Mangata Holding is overvalued based on assets compared to the PL Machinery industry average.


Next Steps

Future Growth

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

-4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Mangata Holding's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

Mangata Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Mangata Holding's revenue growth is positive but not above the Poland market average.

Mangata Holding's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.

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%.


Earnings per Share Growth Estimates


Future Return on Equity

Mangata Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Mangata Holding performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 56.6%).


Return on Equity

Mangata Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Mangata Holding used its assets more efficiently than the PL Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Mangata Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mangata Holding's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Mangata Holding's level of debt (30.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (14.2% vs 30.2% today).

Debt is well covered by operating cash flow (63.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 28.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.4x debt.


Next Steps

Dividend

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

6.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Mangata Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.62%).

Mangata Holding's dividend is below the markets top 25% of dividend payers in Poland (7.02%).

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

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).


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

18.3yrs

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

Leszek's remuneration is higher than average for companies of similar size in Poland.

Leszek's compensation has been consistent with company performance over the past year, both up more than 20%.


Insider Trading

No 3 month open market individual insider trading information.


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: 18.3yrs

Board Members

  • Michal Zawisza

    Chairman of the Supervisory Board

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

    Member of the Supervisory Board

    • Tenure: 18.7yrs
    • 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 Rogoz

    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: zł430.657m
  • 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 Analysis2019/09/15 20:56
End of Day Share Price2019/09/13 00:00
Earnings2019/03/31
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.