WSE:BST

Stock Analysis Report

Executive Summary

BEST S.A. operates in the debt collection industry in Poland.

Snowflake

Fundamentals

Slightly overvalued with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BST has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

BST

-0.02%

PL Commercial Services

-0.8%

PL Market


1 Year Return

n/a

BST

18.0%

PL Commercial Services

-1.1%

PL Market

Return vs Industry: Insufficient data to determine how BST performed against the Polish Commercial Services industry.

Return vs Market: Insufficient data to determine how BST performed against the Polish Market.


Shareholder returns

BSTIndustryMarket
7 Day-3.3%-0.02%-0.8%
30 Day9.4%3.3%3.4%
90 Dayn/a7.6%4.6%
1 Yearn/a18.8%18.0%2.0%-1.1%
3 Year10.5%10.5%0.8%-4.1%16.9%8.3%
5 Year222.2%222.2%17.1%13.1%3.1%-9.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BST (PLN23.2) is trading below our estimate of fair value (PLN579.27)

Significantly Below Fair Value: BST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BST is poor value based on its PE Ratio (13.7x) compared to the Commercial Services industry average (10.4x).

PE vs Market: BST is poor value based on its PE Ratio (13.7x) compared to the Polish market (10.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BST is overvalued based on its PB Ratio (1.1x) compared to the PL Commercial Services industry average (1x).


Next Steps

Future Growth

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

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BST's forecast earnings growth (14.5% per year) is above the savings rate (2.9%).

Earnings vs Market: BST's earnings (14.5% per year) are forecast to grow faster than the Polish market (10.1% per year).

High Growth Earnings: BST's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if BST's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if BST's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BST's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BEST performed over the past 5 years?

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BST has high quality earnings.

Growing Profit Margin: BST's current net profit margins (18.1%) are lower than last year (26.7%).


Past Earnings Growth Analysis

Earnings Trend: BST's earnings have declined by -10.2% per year over the past 5 years.

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

Earnings vs Industry: BST had negative earnings growth (-32.7%) over the past year, making it difficult to compare to the Commercial Services industry average (3.4%).


Return on Equity

High ROE: BST's Return on Equity (9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is BEST's financial position?


Financial Position Analysis

Short Term Liabilities: BST's short term assets (PLN361.6M) exceeds its short term liabilities (PLN208.0M)

Long Term Liabilities: BST's short term assets (361.6M) do not cover its long term liabilities (498.7M)


Debt to Equity History and Analysis

Debt Level: BST's debt to equity ratio (113.5%) is considered high

Reducing Debt: BST's debt to equity ratio has increased from 71.7% to 113.5% over the past 5 years.

Debt Coverage: BST's debt is well covered by operating cash flow (25.5%).

Interest Coverage: BST's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: BST has a low level of unsold assets or inventory.

Debt Coverage by Assets: BST's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%7.4%industryaverage7.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BST's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BST'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 BST's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

zł682k

CEO Compensation


CEO

Krzysztof Borusowski 0

0yrs

Tenure

zł682,000

Compensation

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 Polan ...


Insider Trading

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.


Management Team

  • Krzysztof Borusowski

    President of Management Board

    • Tenure: 0yrs
    • Compensation: zł682.00k
  • Marek Kucner

    Vice President of Management Board

    • Tenure: 0yrs
    • Compensation: zł682.00k
  • Jacek Zawadzki

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Leszek Pawlowicz (68yo)

    Member of the Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: zł22.00k
  • Andrzej Klesyk (55yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Dariusz Filar (69yo)

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł37.00k
  • Miroslaw Gronicki

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Karol Zbikowski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • WACLAW NITKA

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

BEST S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BEST S.A.
  • Ticker: BST
  • Exchange: WSE
  • Founded: 1994
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: zł552.356m
  • Shares outstanding: 23.01m
  • Website: https://www.best.com.pl

Location

  • BEST S.A.
  • ul. Luzycka 8A
  • Gdynia
  • 81-537
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSTWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNDec 1997

Biography

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 serv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 20:43
End of Day Share Price2019/11/12 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.