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MRB

MirbudWSE:MRB Stock Report

Market Cap

zł363.3m

7D

-2.5%

1Y

76.0%

Updated

25 Sep, 2021

Data

Company Financials
MRB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends1/6

MRB Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Mirbud
Historical stock prices
Current Share Pricezł3.96
52 Week Highzł1.68
52 Week Lowzł5.45
Beta1.32
1 Month Change-17.76%
3 Month Change-17.76%
1 Year Change76.00%
3 Year Change288.24%
5 Year Change450.00%
Change since IPO103.08%

Recent News & Updates

Shareholder Returns

MRBPL ConstructionPL Market
7D-2.5%-1.6%-1.3%
1Y76.0%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

Is MRB's price volatile compared to industry and market?
MRB volatility
MRB Beta1.32
Industry Beta0.75
Market Beta1

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

FoundedEmployeesCEOWebsite
2002726Jerzy Mirgoshttps://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

How do Mirbud's earnings and revenue compare to its market cap?
MRB fundamental statistics
Market Capzł363.31m
Earnings (TTM)zł97.22m
Revenue (TTM)zł1.68b

3.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRB income statement (TTM)
Revenuezł1.68b
Cost of Revenuezł1.50b
Gross Profitzł184.57m
Expenseszł87.35m
Earningszł97.22m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 29, 2021

Earnings per share (EPS)1.06
Gross Margin10.98%
Net Profit Margin5.79%
Debt/Equity Ratio67.0%

How did MRB perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

8%

Payout Ratio

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 (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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:03
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
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.