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Wielton

WSE:WLT
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WLT
WSE
PLN554M
Market Cap
  1. Home
  2. PL
  3. Capital Goods
Company description

Wielton S.A. manufactures and sells semi-trailers, trailers, and car bodies in Europe, Asia, and Africa. The last earnings update was 24 days ago. More info.


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  • Wielton has significant price volatility in the past 3 months.
WLT Share Price and Events
7 Day Returns
3.4%
WSE:WLT
1.6%
PL Machinery
0.3%
PL Market
1 Year Returns
-32.7%
WSE:WLT
-14%
PL Machinery
-1.5%
PL Market
WLT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wielton (WLT) 3.4% 2% -26% -32.7% 12.6% 65.7%
PL Machinery 1.6% 4.8% 0.2% -14% 13.2% -15.6%
PL Market 0.3% 3.5% -4.2% -1.5% 15.9% -8.6%
1 Year Return vs Industry and Market
  • WLT underperformed the Machinery industry which returned -14% over the past year.
  • WLT underperformed the Market in Poland which returned -1.5% over the past year.
Price Volatility
WLT
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wielton to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wielton.

WSE:WLT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:WLT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 19%) (75.97%))
1.48
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.48 * 7.14%)
13.42%

Discounted Cash Flow Calculation for WSE:WLT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wielton is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:WLT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 13.42%)
2019 37.70 Analyst x2 33.24
2020 52.55 Analyst x2 40.85
2021 91.00 Analyst x1 62.37
2022 102.00 Analyst x1 61.64
2023 61.00 Analyst x1 32.50
2024 40.03 Est @ -34.38% 18.80
2025 30.73 Est @ -23.21% 12.73
2026 26.00 Est @ -15.39% 9.50
2027 23.42 Est @ -9.92% 7.54
2028 22.00 Est @ -6.09% 6.24
Present value of next 10 years cash flows PLN285.40
WSE:WLT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN22.00 × (1 + 2.85%) ÷ (13.42% – 2.85%)
PLN214.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN214.03 ÷ (1 + 13.42%)10
PLN60.75
WSE:WLT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN285.40 + PLN60.75
PLN346.16
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN346.16 / 60.38
PLN5.73
WSE:WLT Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN5.73
Current discount Discount to share price of PLN9.18
= -1 x (PLN9.18 - PLN5.73) / PLN5.73
-60.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Wielton is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wielton's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wielton's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:WLT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN1.14
WSE:WLT Share Price ** WSE (2019-06-14) in PLN PLN9.18
Poland Machinery Industry PE Ratio Median Figure of 22 Publicly-Listed Machinery Companies 8.75x
Poland Market PE Ratio Median Figure of 454 Publicly-Listed Companies 10.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wielton.

WSE:WLT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:WLT Share Price ÷ EPS (both in PLN)

= 9.18 ÷ 1.14

8.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wielton is good value based on earnings compared to the PL Machinery industry average.
  • Wielton is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Wielton's expected growth come at a high price?
Raw Data
WSE:WLT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.9%per year
Poland Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 1.01x
Poland Market PEG Ratio Median Figure of 109 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

WSE:WLT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.03x ÷ 9.9%

0.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wielton is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Wielton's assets?
Raw Data
WSE:WLT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN5.93
WSE:WLT Share Price * WSE (2019-06-14) in PLN PLN9.18
Poland Machinery Industry PB Ratio Median Figure of 31 Publicly-Listed Machinery Companies 0.78x
Poland Market PB Ratio Median Figure of 686 Publicly-Listed Companies 0.96x
WSE:WLT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:WLT Share Price ÷ Book Value per Share (both in PLN)

= 9.18 ÷ 5.93

1.55x

* Primary Listing of Wielton.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wielton is overvalued based on assets compared to the PL Machinery industry average.
X
Value checks
We assess Wielton's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Wielton has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wielton expected to grow at an attractive rate?
  • Wielton's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Wielton's earnings growth is positive but not above the Poland market average.
  • Wielton's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:WLT Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:WLT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.9%
WSE:WLT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.3%
Poland Machinery Industry Earnings Growth Rate Market Cap Weighted Average -0.1%
Poland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 1%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:WLT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:WLT Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,705 1
2022-12-31 2,657 1
2021-12-31 2,602 1
2020-12-31 2,399 91 83 3
2019-12-31 2,323 89 78 1
WSE:WLT Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 2,228 57 69
2018-12-31 2,068 67 69
2018-09-30 1,875 105 90
2018-06-30 1,790 98 87
2018-03-31 1,697 97 83
2017-12-31 1,597 115 77
2017-09-30 1,508 92 54
2017-06-30 1,437 89 52
2017-03-31 1,403 75 59
2016-12-31 1,198 67 55
2016-09-30 1,010 56 48
2016-06-30 863 54 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wielton's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Wielton's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:WLT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Wielton Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:WLT Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.40 1.40 1.40 1.00
2019-12-31 1.30 1.30 1.30 1.00
WSE:WLT Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 1.14
2018-12-31 1.15
2018-09-30 1.49
2018-06-30 1.44
2018-03-31 1.37
2017-12-31 1.28
2017-09-30 0.89
2017-06-30 0.86
2017-03-31 0.98
2016-12-31 0.91
2016-09-30 0.80
2016-06-30 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Wielton will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wielton's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wielton has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Wielton performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wielton's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wielton has delivered over 20% year on year earnings growth in the past 5 years.
  • Wielton's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wielton's 1-year earnings growth is negative, it can't be compared to the PL Machinery industry average.
Earnings and Revenue History
Wielton's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wielton Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:WLT Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,228.26 69.01 198.81
2018-12-31 2,068.31 69.37 188.94
2018-09-30 1,874.59 90.15 172.21
2018-06-30 1,789.84 87.07 164.92
2018-03-31 1,697.05 82.89 153.89
2017-12-31 1,597.25 77.32 140.72
2017-09-30 1,507.77 53.82 126.42
2017-06-30 1,436.74 51.71 116.81
2017-03-31 1,402.63 59.39 112.31
2016-12-31 1,197.70 55.13 99.18
2016-09-30 1,009.92 48.18 87.25
2016-06-30 862.87 42.77 79.78
2016-03-31 667.08 41.08 69.94
2015-12-31 630.28 33.95 66.25
2015-09-30 607.65 36.67 67.56
2015-06-30 597.22 37.29 63.96
2015-03-31 575.22 24.74 64.85
2014-12-31 584.21 24.48 65.53
2014-09-30 615.01 23.36 64.49
2014-06-30 621.34 26.15 66.44
2014-03-31 626.16 26.32 63.91
2013-12-31 588.10 25.79 61.60
2013-09-30 571.47 23.74 60.74
2013-06-30 563.00 18.66 61.28
2013-03-31 559.92 17.92 63.25
2012-12-31 605.24 22.89 67.36
2012-09-30 620.77 26.09 71.46
2012-06-30 600.41 23.81 68.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wielton has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wielton used its assets less efficiently than the PL Machinery industry average last year based on Return on Assets.
  • Wielton has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wielton's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wielton has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wielton's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wielton's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wielton is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wielton's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wielton's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wielton Company Filings, last reported 2 months ago.

WSE:WLT Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 385.66 421.06 25.39
2018-12-31 362.33 383.48 37.71
2018-09-30 355.02 343.34 23.95
2018-06-30 338.31 231.49 63.29
2018-03-31 333.10 228.73 75.02
2017-12-31 316.34 210.73 49.50
2017-09-30 337.51 184.62 45.96
2017-06-30 317.47 143.93 67.35
2017-03-31 317.22 127.16 70.79
2016-12-31 305.11 134.46 47.22
2016-09-30 290.60 142.66 38.97
2016-06-30 279.64 137.57 64.77
2016-03-31 227.03 135.98 39.82
2015-12-31 216.71 142.62 12.85
2015-09-30 182.97 136.89 14.97
2015-06-30 174.89 120.19 19.52
2015-03-31 184.92 83.79 30.15
2014-12-31 193.86 82.24 19.84
2014-09-30 174.99 81.14 22.75
2014-06-30 168.13 76.39 24.18
2014-03-31 177.04 77.21 23.69
2013-12-31 174.56 82.38 26.61
2013-09-30 169.14 81.24 20.52
2013-06-30 158.03 75.90 4.10
2013-03-31 165.21 78.66 5.21
2012-12-31 162.86 78.39 7.91
2012-09-30 159.87 79.87 5.94
2012-06-30 154.30 71.99 10.10
  • Wielton's level of debt (109.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.6% vs 109.2% today).
  • Debt is not well covered by operating cash flow (13.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).
X
Financial health checks
We assess Wielton's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wielton has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.72%
Current annual income from Wielton dividends. Estimated to be 3.27% next year.
If you bought PLN2,000 of Wielton shares you are expected to receive PLN54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wielton's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.84%).
  • Wielton's dividend is below the markets top 25% of dividend payers in Poland (7.47%).
Upcoming dividend payment

Purchase Wielton before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:WLT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Poland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:WLT Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.30 1.00
2019-12-31 0.30 1.00
WSE:WLT Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-05-22 0.250 2.305
2018-03-28 0.250 1.901
2017-05-29 0.250 1.766
2017-03-27 0.250 1.485
2016-09-07 0.160 1.214
2016-04-29 0.160 1.815
2016-02-29 0.160 2.114
2015-08-31 0.240 3.341
2015-04-15 0.240 3.537
2015-03-02 0.290 5.571
2014-11-14 0.290 6.343
2014-09-01 0.290 5.036
2014-04-28 0.290 5.150
2014-03-04 0.240 4.090
2013-11-12 0.240 3.499
2013-09-02 0.240 4.050
2013-04-29 0.240 5.399
2013-03-01 0.240 6.202
2012-04-30 0.200 5.760
2012-02-29 0.200 6.222
2010-08-31 0.000 0.000
2010-05-17 0.000 0.000
2010-04-30 0.000 0.000
2010-03-01 0.200 4.653
2009-11-16 0.240 6.015
2009-08-31 0.240 5.374

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wielton's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wielton's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wielton afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wielton has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mariusz Golec
COMPENSATION PLN1,855,000
CEO Bio

Mr. Mariusz Golec, M.Sc. Eng., serves as President of the Management Board at Wielton S.A. Mr. Golec served as Vice President of the Management Board at WIELTON Spólka Akcyjna since November 22, 2002. Mr. Golec served as Designer-Assembly Manager of Eco Pomoc" in Wielu? from 1994 to 1995. He served as Production Workshop Manager of Wytwórnia ?rodków Transportowych „Zapole" [Production Plant of Means of Transport] in Zapole from 1995 to 1997. Since 1997, he served for Zak?ad Budowy i Remontu Naczep Wielton sp. z o.o. [Semitrailer Construction and Repair Plant] in Wielu? as a Production Manager. From 1997 to 1999, he served for Wytwórni rodków Transportu WST sp. z o.o. [Production Plant of Means of Transport] in K?pno as Vice President of Management Board and President of Management Board. From 2000 to 2003, he served for Wielton sp. z o.o. (presently Notleiw sp. z o.o.) in Wielu? as Vice President of Management Board. He graduated from the Mechanical Faculty of ?ód? University of Technology (specialization: Cars and Tractors), where he obtained a grade of engineer. Mr. Golec also graduated from Wroclaw University of Economics, he obtained MA degree in the Management and Information Technology and completed MBA studies in 'Business Management'.

CEO Compensation
  • Mariusz's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mariusz's remuneration is higher than average for companies of similar size in Poland.
Management Team

Mariusz Golec

TITLE
President of the Management Board
COMPENSATION
PLN2M

Wlodzimierz Maslowski

TITLE
Vice President of the Management Board
COMPENSATION
PLN2M
TENURE
4 yrs

Tomasz Sniatala

TITLE
Vice President of Management Board
COMPENSATION
PLN1M

Krzysztof Pólgrabia

TITLE
Secretary of Supervisory Board & Member of Supervisory Board
COMPENSATION
PLN76K
TENURE
13.8 yrs

Aneta Piekarek

TITLE
Chief Accountant
Board of Directors Tenure

Average tenure of the Wielton board of directors in years:

11.1
Average Tenure
  • The average tenure for the Wielton board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Pawel Szataniak

TITLE
Chairman of Supervisory Board
COMPENSATION
PLN76K
TENURE
9.2 yrs

Ryszard Prozner

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
PLN76K
TENURE
9.2 yrs

Krzysztof Pólgrabia

TITLE
Secretary of Supervisory Board & Member of Supervisory Board
COMPENSATION
PLN76K
TENURE
13.8 yrs

Mariusz Szataniak

TITLE
Member of Supervisory Board
COMPENSATION
PLN76K
TENURE
13 yrs

Piotr Kaminski

TITLE
Independent Member of Supervisory Board
COMPENSATION
PLN76K
TENURE
13 yrs

Krzysztof Tylkowski

TITLE
Member of Supervisory Board
COMPENSATION
PLN76K
TENURE
13 yrs

Tadeusz Uhl

TITLE
Independent Member of the Supervisory Board
COMPENSATION
PLN76K
TENURE
4 yrs

Waldemar Frackowiak

TITLE
Independent Member of the Supervisory Board
COMPENSATION
PLN76K
AGE
65
TENURE
4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Wielton's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wielton has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should We Be Delighted With Wielton S.A.'s (WSE:WLT) ROE Of 19%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Wielton: 19% = zł69m ÷ zł386m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Wielton Have A Good Return On Equity? … Combining Wielton's Debt And Its 19% Return On Equity Wielton does use a significant amount of debt to increase returns.

Simply Wall St -

Are Wielton S.A.'s (WSE:WLT) Interest Costs Too High?

(WSE:WLT) with its market cap of zł647m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Does Wielton S.A.'s (WSE:WLT) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Wielton S.A.'s (WSE:WLT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Could Wielton S.A.'s (WSE:WLT) Investor Composition Influence The Stock Price?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Wielton is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

Should You Buy Wielton S.A. (WSE:WLT) For Its Dividend?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … (WSE:WLT) has paid dividends to shareholders, and these days it yields 2.0%. … Let's take a look at Wielton in more detail.

Simply Wall St -

Wielton S.A. (WSE:WLT) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does The Data Make Wielton S.A. (WSE:WLT) An Attractive Investment?

Help shape the future of investing tools and you could win a $250 gift card! … (WSE:WLT) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Boasting A 26% Return On Equity, Is Wielton S.A. (WSE:WLT) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every PLN1 worth of shareholders' equity, it generated PLN0.26 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Wielton S.A. (WSE:WLT) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is There An Opportunity With Wielton S.A.'s (WSE:WLT) 27.76% Undervaluation?

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Company Info

Description

Wielton S.A. manufactures and sells semi-trailers, trailers, and car bodies in Europe, Asia, and Africa. The company offers container, tipper, closed box, and curtain semi-trailers; dump trucks; rigid bodies and tipper trailers; low loader trailers and semi-trailers; high volume combinations; and trailers for roller containers. It also provides dolly trolleys, half-pipes, bale platforms, tandem trailers, and 2-axle trailers. The company serves transportation, construction, production, and agriculture, and distribution companies. Wielton S.A. was founded in 1991 and is headquartered in Wielun, Poland.

Details
Name: Wielton S.A.
WLT
Exchange: WSE
Founded: 1991
PLN554,242,500
60,375,000
Website: http://www.wielton.com.pl
Address: Wielton S.A.
ul. Rymarkiewicza 6,
Wielun,
98-300,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE WLT Common Bearer Shares Warsaw Stock Exchange PL PLN 07. Feb 2008
BST 2W1 Common Bearer Shares Boerse-Stuttgart DE EUR 07. Feb 2008
Number of employees
Current staff
Staff numbers
0
Wielton employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:05
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.