WSE:MRB

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet 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 +/- 7% a week.

Volatility Over Time: MRB's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

MRB

5.5%

PL Construction

-2.9%

PL Market


1 Year Return

359.0%

MRB

94.7%

PL Construction

18.9%

PL Market

Return vs Industry: MRB exceeded the Polish Construction industry which returned 88.4% over the past year.

Return vs Market: MRB exceeded the Polish Market which returned 15.8% over the past year.


Shareholder returns

MRBIndustryMarket
7 Day-1.4%5.5%-2.9%
30 Day1.7%9.3%1.2%
90 Day55.1%36.6%6.2%
1 Year364.8%359.0%98.7%94.7%20.0%18.9%
3 Year255.7%251.2%61.3%44.9%-4.1%-9.9%
5 Year418.6%412.0%57.6%33.8%18.8%5.3%

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 (PLN4.25) is trading below our estimate of fair value (PLN22.46)

Significantly Below Fair Value: MRB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MRB is poor value based on its PE Ratio (11.1x) compared to the PL Construction industry average (8.8x).

PE vs Market: MRB is good value based on its PE Ratio (11.1x) compared to the Polish market (15.6x).


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's PB Ratio (0.9x) is in line with the PL Construction industry average.


Next Steps

Future Growth

How is Mirbud forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

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.


Next Steps

Past Performance

How has Mirbud performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRB has high quality earnings.

Growing Profit Margin: MRB's current net profit margins (3.5%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: MRB's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: MRB's earnings growth over the past year (47.5%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: MRB earnings growth over the past year (47.5%) exceeded the Construction industry 34.3%.


Return on Equity

High ROE: MRB's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Mirbud's financial position?


Financial Position Analysis

Short Term Liabilities: MRB's short term assets (PLN752.7M) exceed its short term liabilities (PLN477.3M).

Long Term Liabilities: MRB's short term assets (PLN752.7M) exceed its long term liabilities (PLN390.8M).


Debt to Equity History and Analysis

Debt Level: MRB's debt to equity ratio (54.1%) is considered high.

Reducing Debt: MRB's debt to equity ratio has reduced from 89.6% to 54.1% over the past 5 years.

Debt Coverage: MRB's debt is well covered by operating cash flow (49.5%).

Interest Coverage: MRB earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Mirbud current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MRB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MRB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRB's dividend payments have been 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?

8.8yrs

Average management tenure


CEO

Jerzy Mirgos

8.67yrs

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 ($USD300.10K) is above average for companies of similar size in the Polish market ($USD150.19K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jerzy Mirgos
Chairman of the Management Board8.67yrszł1.12m44.93%
PLN 170.2m
Slawomir Nowak
Vice-President of Management Board8.75yrszł990.00kno data
Pawel Korzeniowski
Member of the Management Boardno datazł660.00kno data
Tomasz Salata
Technical Director & Member of Management Boardno datazł647.00kno data
Agnieszka Bujnowska
Secretary of the Supervisory Board & Member of Supervisory Board13.33yrszł36.00k0.013%
PLN 49.0k
Anna Solwinska
Chief Accountantno datano datano data
Waclaw Jankowski
Head of the Legal Department12.08yrszł342.00kno data

8.8yrs

Average Tenure

Experienced Management: MRB's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Agnieszka Bujnowska
Secretary of the Supervisory Board & Member of Supervisory Board13.33yrszł36.00k0.013%
PLN 49.0k
Wieslaw Kosonóg
Chairman of the Supervisory Board15.08yrszł21.00kno data
Andrzej Zakrzewski
Member of the Supervisory Board13.33yrszł30.00kno data
Hubert Bojdo
Member of the Supervisory Board11.33yrszł30.00kno data
Waldemar Borzykowski
Deputy Chairman of the Supervisory Boardno datazł36.00kno data
Wiktoria Braun
Member of Supervisory Board1.33yrszł16.00kno data

13.3yrs

Average Tenure

Experienced Board: MRB's board of directors are seasoned and experienced ( 13.3 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: zł378.904m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRBWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 2008

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 Analysis2021/02/26 18:06
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.