WSE:MRB

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Proven track record with adequate balance sheet.

Risks

  • Mirbud is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-4.3%

WSE:MRB

-1.8%

PL Construction

-2.6%

PL Market


1 Year Return

-8.3%

WSE:MRB

-4.2%

PL Construction

-8.1%

PL Market

MRB underperformed the Construction industry which returned -4.2% over the past year.

MRB matched the Poland Market (-8.1%) over the past year.


Share holder returns

MRBIndustryMarket
7 Day-4.3%-1.8%-2.6%
30 Day-7.8%-3.7%-9.8%
90 Day-5.7%-4.8%-4.9%
1 Year-8.3%-8.3%-1.3%-4.2%-5.3%-8.1%
3 Year19.0%19.0%-40.4%-46.4%7.8%-0.1%
5 Year-31.0%-31.0%-20.9%-31.0%-1.8%-14.4%

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 based on future cash flows and its price relative to the stock market?

3.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Mirbud's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Mirbud's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Mirbud is good value based on earnings compared to the PL Construction industry average.

Mirbud is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Mirbud, we can't assess if its growth is good value.


Price Based on Value of Assets

Mirbud is good value based on assets compared to the PL Construction industry average.


Next Steps

Future Growth

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

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Mirbud is high growth as no revenue estimate data is available.

Mirbud's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Mirbud's revenue growth to the Poland market average as no estimate data is available.

Mirbud's earnings growth is positive but not above the Poland market average.

Mirbud's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Mirbud will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Mirbud performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Mirbud's year on year earnings growth rate has been positive over the past 5 years.

Mirbud's 1-year earnings growth exceeds its 5-year average (17.5% vs 12.1%)

Mirbud's earnings growth has exceeded the PL Construction industry average in the past year (17.5% vs -15.7%).


Return on Equity

Mirbud has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

It is difficult to establish if Mirbud has efficiently used its assets last year compared to the PL Construction industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

Mirbud has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Mirbud's financial position?


Financial Position Analysis

Mirbud is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Mirbud's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Mirbud's level of debt (68.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (89% vs 68.4% today).

Debt is not well covered by operating cash flow (12.1%, less than 20% of total debt).

Mirbud earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.1x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Mirbud's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Mirbud's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Mirbud has not reported any payouts.

Unable to verify if Mirbud's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Mirbud has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Mirbud's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Jerzy Mirgos 0

7.2yrs

Tenure

0

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

Jerzy's remuneration is higher than average for companies of similar size in Poland.

Jerzy's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.3yrs

Average Tenure

The average tenure for the Mirbud management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.8yrs

Average Tenure

The average tenure for the Mirbud board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Agnieszka Bujnowska

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 11.8yrs
  • Anna Solwinska

    Chief Accountant

    • Tenure: 0.0yrs
  • Jerzy Mirgos

    Chairman of the Management Board

    • Tenure: 7.2yrs
  • Slawomir Nowak

    Vice-President of Management Board

    • Tenure: 7.3yrs
  • Waclaw Jankowski

    Head of the Legal Department

    • Tenure: 10.6yrs
    • Compensation: zł342.00k
  • Pawel Korzeniowski

    Member of the Management Board

    • Tenure: 0.0yrs
  • Tomasz Salata

    Member of Management Board

    • Tenure: 0.0yrs

Board Members

  • Agnieszka Bujnowska

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 11.8yrs
  • Andrzej Zakrzewski

    Member of the Supervisory Board

    • Tenure: 11.8yrs
  • Dariusz Jankowski

    Chairman of The Supervisory Board

    • Tenure: 0.0yrs
  • Hubert Bojdo (46yo)

    Member of the Supervisory Board

    • Tenure: 9.8yrs
  • Waldemar Borzykowski

    Vice-President of the Supervisory Board

    • Tenure: 0.0yrs
  • Krystyna Byczkowska

    Member of the Supervisory Board

    • Tenure: 6.9yrs

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: zł85.366m
  • Shares outstanding: 85.37m
  • 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 or a general investment contractor in the construction market in Poland. The company constructs industrial investment projects, such as shopping and logistic ce ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 21:12
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.