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BEST

WSE:BST
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BST
WSE
PLN571M
Market Cap
  1. Home
  2. PL
  3. Commercial Services
Company description

BEST S.A. operates in the debt collection industry in Poland. The last earnings update was 19 days ago. More info.


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BST Share Price and Events
7 Day Returns
0%
WSE:BST
-0.6%
PL Commercial Services
-0.9%
PL Market
1 Year Returns
-8.1%
WSE:BST
-13.7%
PL Commercial Services
-7.4%
PL Market
BST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BEST (BST) 0% 12.7% 9.7% -8.1% 61.6% 242.9%
PL Commercial Services -0.6% -0.4% 0% -13.7% -2.3% 13%
PL Market -0.9% -7.1% -6.6% -7.4% 9.6% -11.5%
1 Year Return vs Industry and Market
  • BST outperformed the Commercial Services industry which returned -13.7% over the past year.
Price Volatility
BST
Industry
5yr Volatility vs Market

BST Value

 Is BEST 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 BEST 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 BEST.

WSE:BST 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 12.1%
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:BST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 19%) (123.28%))
1.293
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.293 * 7.14%)
12.08%

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

The calculations below outline how an intrinsic value for BEST 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:BST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 12.08%)
2019 126.20 Est @ 57.75% 112.60
2020 178.30 Est @ 41.28% 141.94
2021 231.35 Est @ 29.75% 164.32
2022 281.51 Est @ 21.68% 178.39
2023 326.64 Est @ 16.03% 184.69
2024 366.10 Est @ 12.08% 184.68
2025 400.18 Est @ 9.31% 180.12
2026 429.68 Est @ 7.37% 172.55
2027 455.52 Est @ 6.02% 163.21
2028 478.60 Est @ 5.07% 153.00
Present value of next 10 years cash flows PLN1,635.49
WSE:BST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN478.60 × (1 + 2.85%) ÷ (12.08% – 2.85%)
PLN5,332.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN5,332.97 ÷ (1 + 12.08%)10
PLN1,704.84
WSE:BST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN1,635.49 + PLN1,704.84
PLN3,340.33
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN3,340.33 / 23.01
PLN145.14
WSE:BST Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN145.14
Current discount Discount to share price of PLN24.80
= -1 x (PLN24.80 - PLN145.14) / PLN145.14
82.9%

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

Current Discount
Amount off the current price BEST is available for.
Intrinsic value
>50%
Share price is PLN24.8 vs Future cash flow value of PLN145.14
Current Discount Checks
For BEST to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BEST's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BEST'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 BEST's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BEST's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:BST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN1.39
WSE:BST Share Price ** WSE (2019-04-30) in PLN PLN24.8
Poland Commercial Services Industry PE Ratio Median Figure of 23 Publicly-Listed Commercial Services Companies 9.26x
Poland Market PE Ratio Median Figure of 463 Publicly-Listed Companies 10.76x

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

** Primary Listing of BEST.

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

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

= 24.8 ÷ 1.39

17.8x

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

  • BEST is overvalued based on earnings compared to the PL Commercial Services industry average.
  • BEST is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does BEST's expected growth come at a high price?
Raw Data
WSE:BST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.8%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 1.36x
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 BEST, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BEST's assets?
Raw Data
WSE:BST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN19.58
WSE:BST Share Price * WSE (2019-04-30) in PLN PLN24.8
Poland Commercial Services Industry PB Ratio Median Figure of 25 Publicly-Listed Commercial Services Companies 0.96x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 0.97x
WSE:BST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24.8 ÷ 19.58

1.27x

* Primary Listing of BEST.

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

  • BEST is overvalued based on assets compared to the PL Commercial Services industry average.
X
Value checks
We assess BEST'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. BEST has a total score of 2/6, 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.

BST Future Performance

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

  • No analysts cover BEST, future earnings growth has been estimated based on fundamentals.
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
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BEST expected to grow at an attractive rate?
  • BEST's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • BEST's earnings growth is expected to exceed the Poland market average.
  • Unable to compare BEST's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:BST Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:BST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.8%
Poland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4%
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:BST 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:BST Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 190 89 32
2018-09-30 208 19 56
2018-06-30 218 -72 58
2018-03-31 218 -175 68
2018-01-01 199 -166 55
2017-09-30 198 -229 16
2017-06-30 186 -197 25
2017-03-31 190 -79 10
2016-12-31 210 -118 38
2016-09-30 206 -6 89
2016-06-30 178 -161 88
2016-03-31 164 -206 102

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BEST's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if BEST 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:BST 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 BEST Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BST Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 1.39
2018-09-30 2.43
2018-06-30 2.53
2018-03-31 2.97
2018-01-01 2.41
2017-09-30 0.71
2017-06-30 1.11
2017-03-31 0.46
2016-12-31 1.75
2016-09-30 4.11
2016-06-30 4.12
2016-03-31 4.89

*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 BEST will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BEST'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.
BEST has a total score of 2/6, 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.

BST Past Performance

  How has BEST 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 BEST's growth in the last year to its industry (Commercial 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.
  • BEST's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BEST's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BEST's 1-year earnings growth is negative, it can't be compared to the PL Commercial Services industry average.
Earnings and Revenue History
BEST'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 BEST Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BST Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 190.15 32.07 31.30
2018-09-30 208.39 55.97 30.44
2018-06-30 217.59 58.02 29.08
2018-03-31 217.56 68.02 26.66
2018-01-01 198.57 54.55 23.90
2017-09-30 197.81 15.93 20.96
2017-06-30 185.77 24.79 18.21
2017-03-31 189.58 10.29 15.53
2016-12-31 210.28 38.25 14.10
2016-09-30 205.92 88.67 12.25
2016-06-30 177.63 87.54 10.77
2016-03-31 163.73 102.06 9.02
2015-12-31 140.91 81.81 8.00
2015-09-30 135.57 83.59 7.18
2015-06-30 133.71 68.37 6.80
2015-03-31 119.41 63.35 6.56
2014-12-31 106.23 58.88 6.18
2014-09-30 97.25 41.31 5.71
2014-06-30 100.68 40.65 5.57
2014-03-31 131.38 69.37 6.25
2013-12-31 131.40 69.75 7.83
2013-09-30 134.42 77.24 7.95
2013-06-30 129.13 73.53 7.64
2013-03-31 82.33 30.31 6.45
2012-12-31 77.05 26.21 4.48
2012-09-30 73.71 26.58 3.93
2012-06-30 71.04 29.76 3.87

*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.
  • BEST has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BEST used its assets less efficiently than the PL Commercial Services industry average last year based on Return on Assets.
  • BEST's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BEST'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 Commercial 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.
BEST has a total score of 0/6, 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.

BST Health

 How is BEST'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 BEST's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BEST is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BEST's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BEST'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x 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 BEST Company Filings, last reported 4 months ago.

WSE:BST Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 537.37 703.64 325.39
2018-09-30 557.76 765.73 361.56
2018-06-30 449.72 743.97 249.17
2018-03-31 442.83 799.15 337.23
2018-01-01 422.93 760.02 91.21
2017-09-30 421.62 708.83 227.59
2017-06-30 405.13 698.80 269.44
2017-03-31 362.96 581.29 230.32
2016-12-31 356.23 503.95 135.57
2016-09-30 389.94 440.93 443.15
2016-06-30 364.49 418.76 399.64
2016-03-31 353.60 382.02 327.86
2015-12-31 282.96 400.15 105.98
2015-09-30 261.29 391.43 361.27
2015-06-30 237.63 227.54 356.21
2015-03-31 213.67 227.63 332.29
2014-12-31 199.84 198.30 288.47
2014-09-30 187.82 128.31 198.13
2014-06-30 178.50 128.81 190.39
2014-03-31 159.17 83.66 132.43
2013-12-31 150.64 78.13 136.74
2013-09-30 145.45 77.34 111.01
2013-06-30 137.42 71.41 95.90
2013-03-31 89.28 90.34 76.35
2012-12-31 79.09 75.80 50.93
2012-09-30 66.25 43.90 4.33
2012-06-30 62.36 38.75 4.35
  • BEST's level of debt (130.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.9% vs 130.9% today).
  • Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess BEST'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. BEST has a total score of 1/6, 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.

BST Dividends

 What is BEST'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 BEST dividends.
If you bought PLN2,000 of BEST 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 BEST's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BEST'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:BST 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
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 201 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 BEST has not reported any payouts.
  • Unable to verify if BEST's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BEST's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BEST 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 BEST'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 BEST afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BEST 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.

BST Management

 What is the CEO of BEST'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
Krzysztof Borusowski
COMPENSATION PLN682,000
CEO Bio

Mr. Krzysztof Borusowski serves as President of the Management Board at Best S.A. Mr. Borusowski has many years of experience in the financial services sector. As the General Manager of Kouri Capital Poland Ltd. and BBH Capital Partners Sp. z o.o., he managed several projects in the field of the investment banking (M&A) in the following institutions: Polsko-Amerykanski Bank Hipoteczny S.A., BWR S.A., BWR Bank Secesyjny S.A. and Cuprum Bank S.A. In 2002, he successfully created a financial group for Dominet S.A. for the purchase of Cuprum Bank S.A. and introduced Merrill Lynch Group financial investor. He served as a Consultant in Bain & Company (Boston) and as a manager in Schroder Polska. He represented the State Treasury as a member of the Supervisory Board in BPH S.A. prior to its privatization. Mr. Borusowski holds an MBA Diploma from Harvard Business School.

CEO Compensation
  • Krzysztof's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Krzysztof's remuneration is higher than average for companies of similar size in Poland.
Management Team

Krzysztof Borusowski

TITLE
President of Management Board
COMPENSATION
PLN682K

Marek Kucner

TITLE
Vice President of Management Board
COMPENSATION
PLN682K

Jacek Zawadzki

TITLE
Member of the Management Board
Board of Directors

Andrzej Klesyk

TITLE
Chairman of the Supervisory Board
AGE
54

Dariusz Filar

TITLE
Member of Supervisory Board
COMPENSATION
PLN37K
AGE
68

Leszek Pawlowicz

TITLE
Member of the Supervisory Board
COMPENSATION
PLN22K
AGE
67
TENURE
4.9 yrs

Miroslaw Gronicki

TITLE
Member of the Supervisory Board

Karol Zbikowski

TITLE
Member of the Supervisory Board

WACLAW NITKA

TITLE
Member of the 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 BEST'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. BEST 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.

BST News

Simply Wall St News

What You Should Know About BEST S.A.'s (WSE:BST) Financial Strength

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like BEST S.A. … However, an important fact which most ignore is: how financially healthy is the business?

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With A Return On Equity Of 10%, Has BEST S.A.'s (WSE:BST) Management Done Well?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Is BEST S.A.’s (WSE:BST) Return On Capital Employed Any Good?

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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Is BEST S.A.'s (WSE:BST) 10% ROE Strong Compared To Its Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Investors Should Know About BEST S.A.'s (WSE:BST) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis 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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Don't Sell BEST SA (WSE:BST) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … BEST has a price to earnings ratio of 11.7, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

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Does BEST SA's (WSE:BST) PE Ratio Warrant A Buy?

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 learn about the link between company’s fundamentals and stock market performance. … While this makes BST 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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What does BEST SA's (WSE:BST) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like BEST SA (WSE:BST), with a market cap of zł690.44m. … However, an important fact which most ignore is: how financially healthy is the business? … since poor capital management may bring about bankruptcies,

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With An ROE Of 12.81%, Has BEST SA.'s (WSE:BST) Management Done Well?

Check out our latest analysis for BEST What you must know about ROE Return on Equity (ROE) is a measure of BEST’s profit relative to its shareholders’ equity. … Since BEST’s return covers its cost in excess of 4.14%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:BST Last Perf May 12th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

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Was BEST SA.'s (WSE:BST) Earnings Growth Better Than The Industry's?

When BEST SA.'s (WSE:BST) announced its latest earnings (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … See our latest analysis for BEST Did BST beat its long-term earnings growth trend and its industry? … Looking at growth from a sector-level, the PL commercial services industry has been growing its average earnings by double-digit 31.25% over the previous year, and a less exciting 9.32% over the past half a decade.

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BST Company Info

Description

BEST S.A. operates in the debt collection industry in Poland. The company provides debt collection services for banks, borrowing companies, telecommunication operators, power companies, and other mass service providers; and manages securitized assets of securitization funds, as well as invests in non-performing debt portfolios through the issue of investment certificates and bonds. It also engages in the preparation of legal opinions; provision of legal advice and consultation services; and investigation or enforcement of debt-related performances, as well as management of real estate associated with the serviced debt. The company was founded in 1994 and is based in Gdynia, Poland.

Details
Name: BEST S.A.
BST
Exchange: WSE
Founded: 1994
PLN570,767,759
23,014,829
Website: http://www.best.com.pl
Address: BEST S.A.
ul. Luzycka 8A,
Gdynia,
81-537,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE BST Bearer Shares Warsaw Stock Exchange PL PLN 11. Dec 1997
LSE 0M1A Bearer Shares London Stock Exchange GB PLN 11. Dec 1997
Number of employees
Current staff
Staff numbers
0
BEST employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 20:59
End of day share price update: 2019/04/30 00:00
Last earnings filing: 2019/04/30
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.