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Bras

WSE:BSA
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSA
WSE
PLN1M
Market Cap
  1. Home
  2. PL
  3. Commercial Services
Company description

Bras S.A. provides consulting and business consulting services in the field of electricity in Poland. The last earnings update was 95 days ago. More info.


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  • Bras has significant price volatility in the past 3 months.
BSA Share Price and Events
7 Day Returns
0%
WSE:BSA
-3.7%
PL Professional Services
-0.9%
PL Market
1 Year Returns
-32.5%
WSE:BSA
-47.7%
PL Professional Services
-7.4%
PL Market
BSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bras (BSA) 0% -18.2% -32.5% -32.5% -95.7% -99.6%
PL Professional Services -3.7% -33.1% -29.4% -47.7% -18.2% 5.2%
PL Market -0.9% -7.1% -6.3% -7.4% 9.6% -11.5%
1 Year Return vs Industry and Market
  • BSA outperformed the Professional Services industry which returned -47.7% over the past year.
  • BSA underperformed the Market in Poland which returned -7.4% over the past year.
Price Volatility
BSA
Industry
5yr Volatility vs Market

Value

 Is Bras 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 Bras 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 Bras.

WSE:BSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.1%
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:BSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.877 (1 + (1- 19%) (638.8%))
3.957
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (2 * 7.14%)
17.13%

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

The calculations below outline how an intrinsic value for Bras 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:BSA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 17.13%)
2019 0.99 Est @ -19.58% 0.85
2020 0.86 Est @ -12.85% 0.63
2021 0.79 Est @ -8.14% 0.49
2022 0.75 Est @ -4.84% 0.40
2023 0.74 Est @ -2.53% 0.33
2024 0.73 Est @ -0.92% 0.28
2025 0.73 Est @ 0.21% 0.24
2026 0.74 Est @ 1% 0.21
2027 0.75 Est @ 1.56% 0.18
2028 0.76 Est @ 1.95% 0.16
Present value of next 10 years cash flows PLN3.77
WSE:BSA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN0.76 × (1 + 2.85%) ÷ (17.13% – 2.85%)
PLN5.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN5.50 ÷ (1 + 17.13%)10
PLN1.13
WSE:BSA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN3.77 + PLN1.13
PLN4.90
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN4.90 / 50.85
PLN0.1
WSE:BSA Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN0.10
Current discount Discount to share price of PLN0.03
= -1 x (PLN0.03 - PLN0.10) / PLN0.10
72%

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

Current Discount
Amount off the current price Bras is available for.
Intrinsic value
>50%
Share price is PLN0.027 vs Future cash flow value of PLN0.09645
Current Discount Checks
For Bras to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bras's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bras's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Bras's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bras's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:BSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.00
WSE:BSA Share Price ** WSE (2019-05-20) in PLN PLN0.03
Poland Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 8.21x
Poland Market PE Ratio Median Figure of 463 Publicly-Listed Companies 10.7x

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

** Primary Listing of Bras.

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

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

= 0.03 ÷ 0.00

6.9x

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

  • Bras is good value based on earnings compared to the PL Professional Services industry average.
  • Bras is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Bras's expected growth come at a high price?
Raw Data
WSE:BSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Professional Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.62x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Bras, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bras's assets?
Raw Data
WSE:BSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN0.29
WSE:BSA Share Price * WSE (2019-05-20) in PLN PLN0.03
Poland Professional Services Industry PB Ratio Median Figure of 17 Publicly-Listed Professional Services Companies 1.82x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 0.97x
WSE:BSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.03 ÷ 0.29

0.09x

* Primary Listing of Bras.

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

  • Bras is good value based on assets compared to the PL Professional Services industry average.
X
Value checks
We assess Bras'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Bras has a total score of 5/6, 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 Bras expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.9%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bras expected to grow at an attractive rate?
  • Unable to compare Bras's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bras's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Bras's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:BSA Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Europe Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*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:BSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:BSA Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 3 1 0
2018-09-30 3 2 0
2018-06-30 3 2 0
2018-03-31 3 2 0
2017-12-31 3 2 0
2017-09-30 3 0 0
2017-06-30 3 1 -1
2017-03-31 0 1 -1
2016-12-31 3 1 -1
2016-09-30 2 0 -1
2016-06-30 2 0 0
2016-03-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bras is high growth as no earnings estimate data is available.
  • Unable to determine if Bras is high growth as no revenue estimate data is available.
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:BSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bras Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BSA Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.01
2016-03-31 -0.26

*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 Bras will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Bras is trading at Bras'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Bras's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Bras's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bras'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 Europe 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.
Bras has a total score of 0/6, 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 Bras 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 Bras's growth in the last year to its industry (Professional Services).
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.
  • Bras has delivered over 20% year on year earnings growth in the past 5 years.
  • Bras has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Bras has become profitable in the last year making it difficult to compare the PL Professional Services industry average.
Earnings and Revenue History
Bras'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 Bras Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BSA Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2.68 0.20 0.75
2018-09-30 2.62 0.14 0.74
2018-06-30 2.65 0.22 0.84
2018-03-31 2.63 0.21 0.94
2017-12-31 2.71 -0.05 1.07
2017-09-30 2.75 -0.40 1.23
2017-06-30 2.65 -1.09 1.17
2017-03-31 0.09 -1.26 0.30
2016-12-31 2.86 -1.23 1.18
2016-09-30 2.28 -1.01 0.90
2016-06-30 1.60 -0.45 0.67
2016-03-31 0.95 -0.16 0.29
2015-12-31 0.20 -0.10 0.21
2015-09-30 0.26 -5.69 0.25
2015-06-30 0.26 -5.27 0.31
2015-03-31 0.05 -7.64 0.45
2014-12-31 0.07 -8.01 0.54
2014-09-30 0.25 -2.02 1.44
2014-06-30 0.36 -2.38 1.65
2014-03-31 0.51 -0.13 1.57
2013-12-31 0.50 0.38 1.58
2013-09-30 1.33 0.35 1.53
2013-06-30 1.22 0.45 1.60
2013-03-31 0.91 0.53 1.49
2012-12-31 1.11 0.48 1.30
2012-09-30 -0.11 0.15 0.37
2012-06-30 -0.13 0.21

*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.
  • Bras has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bras used its assets less efficiently than the PL Professional Services industry average last year based on Return on Assets.
  • Bras has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bras'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 Professional Services 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.
Bras 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 Bras'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 Bras's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bras's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bras's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bras'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 not covered by short term assets, assets are 0.1x 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 Bras Company Filings, last reported 4 months ago.

WSE:BSA Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14.97 8.77 0.03
2018-09-30 14.89 8.98 0.12
2018-06-30 14.88 9.13 0.14
2018-03-31 14.92 9.27 0.14
2017-12-31 14.77 9.57 0.15
2017-09-30 14.76 9.75 0.22
2017-06-30 14.67 9.85 0.18
2017-03-31 14.67 10.01 0.10
2016-12-31 14.82 10.12 0.17
2016-09-30 11.46 0.11 0.06
2016-06-30 1.93 0.17 0.06
2016-03-31 2.20 0.17 0.06
2015-12-31 2.39 0.17 0.06
2015-09-30 2.50 0.11 0.06
2015-06-30 2.55 0.07 0.06
2015-03-31 2.40 0.00 0.06
2014-12-31 2.50 0.00 0.07
2014-09-30 8.19 0.06 0.09
2014-06-30 7.82 0.03 0.09
2014-03-31 10.04 0.00 0.38
2013-12-31 10.50 0.12 0.45
2013-09-30 8.00 0.12 3.12
2013-06-30 6.64 0.00 0.01
2013-03-31 5.73 0.00 0.05
2012-12-31 5.68 0.22 1.26
2012-09-30 4.16 0.00 0.05
2012-06-30 4.06 0.00 0.04
  • Bras's level of debt (58.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.1% vs 58.6% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bras'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. Bras has a total score of 0/6, 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 Bras'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
0%
Current annual income from Bras dividends.
If you bought PLN2,000 of Bras shares you are expected to receive PLN0 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?
  • Unable to evaluate Bras's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bras's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:BSA 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 0 Analyst Estimates (S&P Global) See Below
Poland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 8.9%
Poland Market Average Dividend Yield Market Cap Weighted Average of 200 Stocks 4.1%
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 7.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Bras has not reported any payouts.
  • Unable to verify if Bras's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bras's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bras 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.
X
Income/ dividend checks
We assess Bras'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 Bras afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bras has a total score of 0/6, 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 Bras'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
Piotr Klomfas
CEO Bio

Mr. Piotr Klomfas has been President of the Management Board of Bras S.A. since August 22, 2014 and serves as its Member of the Management Board.

CEO Compensation
  • Insufficient data for Piotr to compare compensation growth.
  • Insufficient data for Piotr to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Piotr Klomfas

TITLE
President of the Management Board

Kazimierz Toporek

TITLE
Chief Financial Officer

Maciej Zegarowski

TITLE
Secretary of the Supervisory Board
Board of Directors

Robert Rasinski

TITLE
Member of the Supervisory Board
TENURE
4.3 yrs

Mateusz Rutnicki

TITLE
Member of the Supervisory Board
TENURE
4.3 yrs

Pawel Mozdzierz

TITLE
Member of Supervisory Board
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 Bras'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. Bras 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

What You Must Know About Bras SA's (WSE:BSA) Return on Equity

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Bras SA’s (WSE:BSA) most recent return on equity was a substandard 1.5% relative to its industry performance of 20.7% over the past year. … Check out our latest analysis for Bras

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What Investors Should Know About Bras SA's (WSE:BSA) Financial Strength

While small-cap stocks, such as Bras SA (WSE:BSA) with its market cap of zł2.03m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Should You Be Tempted To Buy Bras SA (WSE:BSA) At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Bras SA (WSE:BSA)’s fundamentals and stock market performance. … While this makes BSA appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

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Will Bras SA. (WSE:BSA) Need To Raise More Money?

The measure of how fast Bras goes through its cash reserves over time is called the cash burn rate. … WSE:BSA Income Statement Jun 5th 18 When will Bras need to raise more cash? … The cash burn analysis result indicates a cash constraint for the company, due to its current level of cash reserves.

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Where Bras SA. (WSE:BSA) Stands In Earnings Growth Against Its Industry

(WSE:BSA) released its most recent earnings update (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Bras's average earnings over the past couple of years, and its industry performance. … View our latest analysis for Bras Were BSA's earnings stronger than its past performances and the industry?

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How Financially Strong Is Bras SA. (WSE:BSA)?

WSE:BSA Historical Debt Mar 16th 18 Is BSA’s debt level acceptable? … With a debt-to-equity ratio of 2.37%, BSA's debt level is relatively low. … BSA's risk around capital structure is almost non-existent, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: Although BSA’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Company Info

Description

Bras S.A. provides consulting and business consulting services in the field of electricity in Poland. It offers its services in the areas of investment and the implementation of renewable energy sources; energy management; and consulting. The company was formerly known as INVENTI Spólka Akcyjna and changed its name to Bras S.A. in December 2016. The company is based in Bydgoszcz, Poland.

Details
Name: Bras S.A.
BSA
Exchange: WSE
Founded:
PLN1,372,982
50,851,200
Website: http://www.inventi-power.pl
Address: Bras S.A.
ul. Ludwikowo 7,
Bydgoszcz,
85-502,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE BSA Common Bearer Shares Warsaw Stock Exchange PL PLN 15. Jun 2012
Number of employees
Current staff
Staff numbers
0
Bras employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:49
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
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.