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BSA

Bras WSE:BSA Stock Report

Last Price

zł0.24

Market Cap

zł21.3m

7D

0%

1Y

-58.6%

Updated

27 Jun, 2022

Data

Company Financials
BSA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

BSA Stock Overview

Bras S.A. buys, sells, rents, and leases real estate properties.

Bras Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bras
Historical stock prices
Current Share Pricezł0.24
52 Week Highzł0.63
52 Week Lowzł0.21
Beta3.66
1 Month Change3.91%
3 Month Change-21.99%
1 Year Change-58.64%
3 Year Change725.86%
5 Year Change242.14%
Change since IPO-99.65%

Recent News & Updates

May 09
Is Bras (WSE:BSA) Using Too Much Debt?

Is Bras (WSE:BSA) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Feb 25
Here's Why I Think Bras (WSE:BSA) Is An Interesting Stock

Here's Why I Think Bras (WSE:BSA) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

BSAPL Professional ServicesPL Market
7D0%-5.5%1.6%
1Y-58.6%-49.1%-22.6%

Return vs Industry: BSA underperformed the Polish Professional Services industry which returned -50.3% over the past year.

Return vs Market: BSA underperformed the Polish Market which returned -23.8% over the past year.

Price Volatility

Is BSA's price volatile compared to industry and market?
BSA volatility
BSA Average Weekly Movement7.8%
Professional Services Industry Average Movement5.1%
Market Average Movement6.3%
10% most volatile stocks in PL Market11.6%
10% least volatile stocks in PL Market4.1%

Stable Share Price: BSA is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BSA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aWojciech Krzyzanowskihttps://www.bras.energy

Bras S.A. buys, sells, rents, and leases real estate properties. It also implements renewable energy projects. The company was formerly known as INVENTI Spólka Akcyjna and changed its name to Bras S.A. in December 2016.

Bras Fundamentals Summary

How do Bras's earnings and revenue compare to its market cap?
BSA fundamental statistics
Market Capzł21.28m
Earnings (TTM)zł291.11k
Revenue (TTM)zł2.88m

73.2x

P/E Ratio

7.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSA income statement (TTM)
Revenuezł2.88m
Cost of Revenuezł738.69k
Gross Profitzł2.14m
Other Expenseszł1.85m
Earningszł291.11k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jun 30, 2022

Earnings per share (EPS)0.0033
Gross Margin74.36%
Net Profit Margin10.11%
Debt/Equity Ratio35.9%

How did BSA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BSA?

Other financial metrics that can be useful for relative valuation.

BSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.7x
Enterprise Value/EBITDA29.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BSA's PE Ratio compare to its peers?

BSA PE Ratio vs Peers
The above table shows the PE ratio for BSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.9x
GRM Grempco Spólka Akcyjna
6.5xn/azł15.3m
ETX Euro-Tax.pl
7.1xn/azł15.8m
DNS Danks - Europejskie Centrum Doradztwa Podatkowego
25.1xn/azł10.9m
BTG Blue Tax Group
56.8xn/azł6.3m
BSA Bras
73.2xn/azł21.3m

Price-To-Earnings vs Peers: BSA is expensive based on its Price-To-Earnings Ratio (73.2x) compared to the peer average (23.9x).


Price to Earnings Ratio vs Industry

How does BSA's PE Ratio compare vs other companies in the European Professional Services Industry?

Price-To-Earnings vs Industry: BSA is expensive based on its Price-To-Earnings Ratio (73.2x) compared to the Polish Professional Services industry average (26.6x)


Price to Earnings Ratio vs Fair Ratio

What is BSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BSA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BSA (PLN0.24) is trading above our estimate of fair value (PLN0.17)

Significantly Below Fair Value: BSA is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BSA's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.6%

Forecasted Commercial Services 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 Bras 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.


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  • Take a look at our analysis of BSA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Bras competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Bras performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


58.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSA has high quality earnings.

Growing Profit Margin: BSA's current net profit margins (10.1%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: BSA has become profitable over the past 5 years, growing earnings by 58% per year.

Accelerating Growth: BSA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSA had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Professional Services industry average (26.8%).


Return on Equity

High ROE: BSA's Return on Equity (1.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Bras's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BSA's short term assets (PLN5.0M) do not cover its short term liabilities (PLN7.6M).

Long Term Liabilities: BSA's short term assets (PLN5.0M) do not cover its long term liabilities (PLN8.3M).


Debt to Equity History and Analysis

Debt Level: BSA's net debt to equity ratio (27.9%) is considered satisfactory.

Reducing Debt: BSA's debt to equity ratio has reduced from 68.2% to 35.9% over the past 5 years.

Debt Coverage: BSA's debt is not well covered by operating cash flow (12.8%).

Interest Coverage: BSA's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BSA'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 BSA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BSA has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average board tenure


CEO

Wojciech Krzyzanowski

0.42

Tenure

Wojciech Krzyzanowski serves as Chairman of the Management Board of Bras S.A. since January 2022.


Board Members

Experienced Board: BSA's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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

Bras S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bras S.A.
  • Ticker: BSA
  • Exchange: WSE
  • Founded: 2001
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: zł21.280m
  • Shares outstanding: 88.85m
  • Website: https://www.bras.energy

Location

  • Bras S.A.
  • ul. Ptasia 19
  • Bydgoszcz
  • 85-447
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.