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Market Cap

zł466.1m

Last Updated

2021/05/09 17:35 UTC

Data Sources

Company Financials

Executive Summary

Mirbud S.A. operates as a general contractor in the construction market in Poland. More Details


Snowflake Analysis

Undervalued with solid track record.

Share Price & News

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


Latest Share Price and Events

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.


Market Performance


7 Day Return

-0.4%

MRB

1.5%

PL Construction

1.3%

PL Market


1 Year Return

393.2%

MRB

67.7%

PL Construction

42.4%

PL Market

Return vs Industry: MRB exceeded the Polish Construction industry which returned 67.8% over the past year.

Return vs Market: MRB exceeded the Polish Market which returned 42.4% over the past year.


Shareholder returns

MRBIndustryMarket
7 Day-0.4%1.5%1.3%
30 Day14.4%1.1%3.2%
90 Day16.5%4.6%6.1%
1 Year399.5%393.2%71.1%67.7%44.1%42.4%
3 Year302.0%296.9%84.0%64.4%4.6%-1.5%
5 Year404.4%398.0%51.4%32.0%31.2%16.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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 (PLN5.08) is trading below our estimate of fair value (PLN189.65)

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 (8x) compared to the PL Construction industry average (9.4x).

PE vs Market: MRB is good value based on its PE Ratio (8x) compared to the Polish market (16x).


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 (1x) 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?

-15.1%

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?

22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRB has high quality earnings.

Growing Profit Margin: MRB's current net profit margins (4.7%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: MRB's earnings have grown significantly by 22.3% per year over the past 5 years.

Accelerating Growth: MRB's earnings growth over the past year (106.9%) exceeds its 5-year average (22.3% per year).

Earnings vs Industry: MRB earnings growth over the past year (106.9%) exceeded the Construction industry 29.2%.


Return on Equity

High ROE: MRB's Return on Equity (12.6%) is considered low.


Financial Health

How is Mirbud's financial position?


Financial Position Analysis

Short Term Liabilities: MRB's short term assets (PLN861.2M) exceed its short term liabilities (PLN471.7M).

Long Term Liabilities: MRB's short term assets (PLN861.2M) exceed its long term liabilities (PLN605.8M).


Debt to Equity History and Analysis

Debt Level: MRB's debt to equity ratio (42.7%) is considered high.

Reducing Debt: MRB's debt to equity ratio has reduced from 78.3% to 42.7% over the past 5 years.

Debt Coverage: MRB's debt is well covered by operating cash flow (125.7%).

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?

0.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MRB's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (1.45%).

High Dividend: MRB's dividend (0.39%) is low compared to the top 25% of dividend payers in the Polish market (5.26%).


Stability and Growth of Payments

Stable Dividend: MRB is not paying a notable dividend for the Polish market, therefore no need to check if payments are stable.

Growing Dividend: MRB is not paying a notable dividend for the Polish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MRB is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRB's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average management tenure


CEO

Jerzy Mirgos

8.92yrs

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: Jerzy's total compensation ($USD299.41K) is above average for companies of similar size in the Polish market ($USD143.83K).

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 years average tenure).


Board Members

Experienced Board: MRB's board of directors are seasoned and experienced ( 13.6 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 company bio, 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: zł466.061m
  • 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


Biography

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 publ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 17:35
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.