WSE:BSA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Bras S.A. provides consulting and business consulting services in the field of electricity in Poland. More Details


Snowflake Analysis

Overvalued with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BSA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.3%

BSA

-2.5%

PL Professional Services

-1.0%

PL Market


1 Year Return

1,201.8%

BSA

12.6%

PL Professional Services

-13.0%

PL Market

Return vs Industry: BSA exceeded the Polish Professional Services industry which returned 11.4% over the past year.

Return vs Market: BSA exceeded the Polish Market which returned -13.3% over the past year.


Shareholder returns

BSAIndustryMarket
7 Day-5.3%-2.5%-1.0%
30 Day-26.9%-3.3%-4.9%
90 Day297.8%12.0%-1.2%
1 Year1,201.8%1,201.8%12.7%12.6%-12.3%-13.0%
3 Year411.4%411.4%-26.7%-26.8%-23.2%-27.8%
5 Year-67.5%-85.0%4.8%1.6%-7.3%-17.7%

Price Volatility Vs. Market

How volatile is Bras's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bras undervalued compared to its fair value and its price relative to the market?

153.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSA (PLN0.36) is trading above our estimate of fair value (PLN0.04)

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


Price To Earnings Ratio

PE vs Industry: BSA is poor value based on its PE Ratio (153.6x) compared to the PL Professional Services industry average (16.8x).

PE vs Market: BSA is poor value based on its PE Ratio (153.6x) compared to the Polish market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BSA is good value based on its PB Ratio (1.2x) compared to the PL Professional Services industry average (1.8x).


Next Steps

Future Growth

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

18.5%

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.


Next Steps

Past Performance

How has Bras performed over the past 5 years?

79.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSA has a large one-off gain of PLN149.4K impacting its June 30 2020 financial results.

Growing Profit Margin: BSA's current net profit margins (4.6%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: BSA has become profitable over the past 5 years, growing earnings by 79.2% 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 (-35.2%) over the past year, making it difficult to compare to the Professional Services industry average (-8.1%).


Return on Equity

High ROE: BSA's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

How is Bras's financial position?


Financial Position Analysis

Short Term Liabilities: BSA's short term assets (PLN1.3M) do not cover its short term liabilities (PLN11.6M).

Long Term Liabilities: BSA's short term assets (PLN1.3M) do not cover its long term liabilities (PLN9.9M).


Debt to Equity History and Analysis

Debt Level: BSA's debt to equity ratio (63.1%) is considered high.

Reducing Debt: BSA's debt to equity ratio has increased from 2.8% to 63.1% over the past 5 years.

Debt Coverage: BSA's debt is not well covered by operating cash flow (10%).

Interest Coverage: BSA's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BSA'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?


CEO

Piotr Klomfas

no data

Tenure

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.


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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bras S.A.
  • Ticker: BSA
  • Exchange: WSE
  • Founded:
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: zł18.205m
  • Shares outstanding: 50.85m
  • Website: https://www.inventi-power.pl

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSAWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2012

Biography

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; e ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 02:55
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.