| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 1/6 |
MRB Overview
Mirbud S.A. operates as a general contractor in the construction market in Poland.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | zł3.96 |
| 52 Week High | zł1.68 |
| 52 Week Low | zł5.45 |
| Beta | 1.32 |
| 1 Month Change | -17.76% |
| 3 Month Change | -17.76% |
| 1 Year Change | 76.00% |
| 3 Year Change | 288.24% |
| 5 Year Change | 450.00% |
| Change since IPO | 103.08% |
Recent News & Updates
Shareholder Returns
| MRB | PL Construction | PL Market | |
|---|---|---|---|
| 7D | -2.5% | -1.6% | -1.3% |
| 1Y | 76.0% | 50.0% | 44.1% |
Return vs Industry: MRB exceeded the Polish Construction industry which returned 50% over the past year.
Return vs Market: MRB exceeded the Polish Market which returned 44.1% over the past year.
Price Volatility
| MRB volatility | |
|---|---|
| MRB Beta | 1.32 |
| Industry Beta | 0.75 |
| Market Beta | 1 |
Stable Share Price: MRB is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MRB's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | 726 | Jerzy Mirgos | https://www.mirbud.com.pl |
Mirbud S.A. operates as a general contractor in the construction market in Poland. The company constructs industrial projects, such as production and logistics halls, and cold stores and freezers; and public utility buildings, including commune and customs offices, sports halls, gyms, stadiums, public administration offices, shopping malls, offices, hotel facilities, hospitals, didactic buildings, specialised research units, car showrooms and service stations, and schools. It is also involved road engineering construction consisting of roads with crossings, junctions, roundabouts, and accompanying infrastructure; streets, car parks, and sidewalks; railway sidings and tram lines; viaducts and bridges; and culverts.
Mirbud Fundamentals Summary
| MRB fundamental statistics | |
|---|---|
| Market Cap | zł363.31m |
| Earnings (TTM) | zł97.22m |
| Revenue (TTM) | zł1.68b |
3.7x
P/E Ratio0.2x
P/S RatioIs MRB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRB income statement (TTM) | |
|---|---|
| Revenue | zł1.68b |
| Cost of Revenue | zł1.50b |
| Gross Profit | zł184.57m |
| Expenses | zł87.35m |
| Earnings | zł97.22m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 29, 2021
| Earnings per share (EPS) | 1.06 |
| Gross Margin | 10.98% |
| Net Profit Margin | 5.79% |
| Debt/Equity Ratio | 67.0% |
How did MRB perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield8%
Payout RatioValuation
Is Mirbud undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRB (PLN3.96) is trading below our estimate of fair value (PLN104.29)
Significantly Below Fair Value: MRB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRB is good value based on its PE Ratio (3.7x) compared to the Polish Construction industry average (9.3x).
PE vs Market: MRB is good value based on its PE Ratio (3.7x) compared to the Polish market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRB is good value based on its PB Ratio (0.7x) compared to the PL Construction industry average (1.3x).
Future Growth
How is Mirbud forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.5%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mirbud has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Mirbud performed over the past 5 years?
33.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRB has high quality earnings.
Growing Profit Margin: MRB's current net profit margins (5.8%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: MRB's earnings have grown significantly by 33.2% per year over the past 5 years.
Accelerating Growth: MRB's earnings growth over the past year (234.6%) exceeds its 5-year average (33.2% per year).
Earnings vs Industry: MRB earnings growth over the past year (234.6%) exceeded the Construction industry 39.8%.
Return on Equity
High ROE: MRB's Return on Equity (19.5%) is considered low.
Financial Health
How is Mirbud's financial position?
Financial Position Analysis
Short Term Liabilities: MRB's short term assets (PLN1.1B) exceed its short term liabilities (PLN644.5M).
Long Term Liabilities: MRB's short term assets (PLN1.1B) exceed its long term liabilities (PLN648.9M).
Debt to Equity History and Analysis
Debt Level: MRB's debt to equity ratio (67%) is considered high.
Reducing Debt: MRB's debt to equity ratio has reduced from 96.4% to 67% over the past 5 years.
Debt Coverage: MRB's debt is well covered by operating cash flow (64.5%).
Interest Coverage: MRB earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Mirbud current dividend yield, its reliability and sustainability?
2.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRB's dividend (2.02%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.21%).
High Dividend: MRB's dividend (2.02%) is low compared to the top 25% of dividend payers in the Polish market (6.22%).
Stability and Growth of Payments
Stable Dividend: MRB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MRB has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.5%), MRB's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Jerzy Mirgos
9.25yrs
Tenure
zł1,122,000
Compensation
Mr. Jerzy Mirgos has been the Chairman of The Management Board at Mirbud Spolka Akcyjna since June 22, 2012. Mr. Mirgos has been Vice President of the Management Board at JHM Development Spolka Akcyjna sin...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Jerzy's total compensation is reasonable compared to companies of similar size in the Polish market.
Compensation vs Earnings: Jerzy's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MRB's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: MRB's board of directors are seasoned and experienced ( 13.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mirbud S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: Mirbud S.A.
- Ticker: MRB
- Exchange: WSE
- Founded: 2002
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: zł363.307m
- Shares outstanding: 91.74m
- Website: https://www.mirbud.com.pl
Number of Employees
Location
- Mirbud S.A.
- Unii Europejskiej 18
- Skierniewice
- 96-100
- Poland
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/25 17:03 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.