WSE:BTG

Stock Analysis Report

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Executive Summary

Blue Tax Group S.A. provides outsourcing consulting services in the fields of law, taxation, accounting, and finance in Poland.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Blue Tax Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.8%

BTG

0.1%

PL Professional Services

4.4%

PL Market


1 Year Return

0%

BTG

33.1%

PL Professional Services

-18.9%

PL Market

Return vs Industry: BTG underperformed the Polish Professional Services industry which returned 30.2% over the past year.

Return vs Market: BTG exceeded the Polish Market which returned -18.7% over the past year.


Shareholder returns

BTGIndustryMarket
7 Day-4.8%0.1%4.4%
30 Day-20.0%-4.5%7.2%
90 Day0%-18.5%-3.1%
1 Year0%0%33.3%33.1%-17.0%-18.9%
3 Year0%0%-39.7%-39.9%-22.1%-27.5%
5 Year-50.0%-50.0%-5.1%-11.3%-19.6%-29.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Blue Tax Group undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: BTG (PLN0.01) is trading above our estimate of fair value (PLN0)

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


Price To Earnings Ratio

PE vs Industry: BTG is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.

PE vs Market: BTG is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BTG has negative assets, so we can't compare its PB Ratio to the PL Professional Services industry average.


Next Steps

Future Growth

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

9.7%

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 Blue Tax Group 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 Blue Tax Group performed over the past 5 years?

-13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BTG is currently unprofitable.

Growing Profit Margin: BTG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BTG is unprofitable, and losses have increased over the past 5 years at a rate of -13.7% per year.

Accelerating Growth: Unable to compare BTG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BTG is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-16.8%).


Return on Equity

High ROE: BTG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Blue Tax Group's financial position?


Financial Position Analysis

Short Term Liabilities: BTG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BTG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BTG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BTG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BTG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BTG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.


Next Steps

Dividend

What is Blue Tax Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BTG'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 BTG'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

Miroslaw Stanislawski

no data

Tenure

Mr. Miroslaw Stanislawski serves as President of the Management Board and Member of the Supervisory Board at Blue Tax Group S.A. Mr. Stanislawski serves as President of Blue Tax Net Sp. Z o.o., Blue Tax D ...


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

Blue Tax Group S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Blue Tax Group S.A.
  • Ticker: BTG
  • Exchange: WSE
  • Founded: 1992
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: zł1.400m
  • Shares outstanding: 140.00m
  • Website: https://www.bluetax.pl

Location

  • Blue Tax Group S.A.
  • ul.Szewska 8
  • 4th Floor
  • Wroclaw
  • 50-122
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTGWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNFeb 2008

Biography

Blue Tax Group S.A. provides outsourcing consulting services in the fields of law, taxation, accounting, and finance in Poland. The company was founded in 1992 and is based in Wroclaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 22:24
End of Day Share Price2020/05/28 00:00
Earnings2019/09/30
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.