Mirbud
Market Cap
zł378.9m
Last Updated
2021/02/26 18:06 UTC
Data Sources
Company Financials
Executive Summary
Mirbud S.A. operates as a general contractor in the construction market in Poland. More Details
Rewards
Risk Analysis
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
| MRB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 5.5% | -2.9% |
| 30 Day | 1.7% | 9.3% | 1.2% |
| 90 Day | 55.1% | 36.6% | 6.2% |
| 1 Year | 364.8%359.0% | 98.7%94.7% | 20.0%18.9% |
| 3 Year | 255.7%251.2% | 61.3%44.9% | -4.1%-9.9% |
| 5 Year | 418.6%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
9 hours ago | Simply Wall St
Is Mirbud (WSE:MRB) A Risky Investment?1 month ago | Simply Wall St
Is Mirbud S.A.'s (WSE:MRB) Shareholder Ownership Skewed Towards Insiders?1 month ago | Simply Wall St
Is Mirbud S.A.'s (WSE:MRB) Recent Stock Performance Influenced By Its Fundamentals In Any Way?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
- Examine whether Mirbud is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Mirbud competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Management Board | 8.67yrs | zł1.12m | 44.93% PLN 170.2m | |
| Vice-President of Management Board | 8.75yrs | zł990.00k | no data | |
| Member of the Management Board | no data | zł660.00k | no data | |
| Technical Director & Member of Management Board | no data | zł647.00k | no data | |
| Secretary of the Supervisory Board & Member of Supervisory Board | 13.33yrs | zł36.00k | 0.013% PLN 49.0k | |
| Chief Accountant | no data | no data | no data | |
| Head of the Legal Department | 12.08yrs | zł342.00k | no data |
8.8yrs
Average Tenure
Experienced Management: MRB's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Secretary of the Supervisory Board & Member of Supervisory Board | 13.33yrs | zł36.00k | 0.013% PLN 49.0k | |
| Chairman of the Supervisory Board | 15.08yrs | zł21.00k | no data | |
| Member of the Supervisory Board | 13.33yrs | zł30.00k | no data | |
| Member of the Supervisory Board | 11.33yrs | zł30.00k | no data | |
| Deputy Chairman of the Supervisory Board | no data | zł36.00k | no data | |
| Member of Supervisory Board | 1.33yrs | zł16.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MRB | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 18:06 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.