WSE:ECA

Stock Analysis Report

Executive Summary

UHY ECA S.A. provides various services in the areas of auditing, taxes, accounting, training, and stock exchange consulting in Poland.

Rewards

Trading at 27.2% below its fair value

Earnings grew by 228.6% over the past year

Risk Analysis

Does not have a meaningful market cap (PLN3M)

Unstable dividend track record

Does not have meaningful revenue (PLN14M)



Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ECA

2.6%

PL Professional Services

-1.6%

PL Market


1 Year Return

20.8%

ECA

10.4%

PL Professional Services

-6.4%

PL Market

Return vs Industry: ECA exceeded the Polish Professional Services industry which returned 10.4% over the past year.

Return vs Market: ECA exceeded the Polish Market which returned -6.4% over the past year.


Shareholder returns

ECAIndustryMarket
7 Day0%2.6%-1.6%
30 Day-4.5%17.9%-5.5%
90 Day-4.5%12.0%-3.7%
1 Year26.2%20.8%10.5%10.4%-3.5%-6.4%
3 Year-44.5%-54.6%-10.2%-10.5%5.5%-2.2%
5 Year-9.1%-29.7%25.6%23.3%1.1%-11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ECA (PLN0.64) is trading below our estimate of fair value (PLN0.88)

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


Price To Earnings Ratio

PE vs Industry: ECA is good value based on its PE Ratio (9.5x) compared to the Professional Services industry average (19.8x).

PE vs Market: ECA is good value based on its PE Ratio (9.5x) compared to the Polish market (10.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ECA is good value based on its PB Ratio (0.3x) compared to the PL Professional Services industry average (1.6x).


Next Steps

Future Growth

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

9.6%

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 UHY ECA 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 UHY ECA performed over the past 5 years?

35.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECA has high quality earnings.

Growing Profit Margin: ECA's current net profit margins (2.5%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: ECA has become profitable over the past 5 years, growing earnings by 35.2% per year.

Accelerating Growth: ECA's earnings growth over the past year (228.6%) exceeds its 5-year average (35.2% per year).

Earnings vs Industry: ECA earnings growth over the past year (228.6%) exceeded the Professional Services industry -28%.


Return on Equity

High ROE: ECA's Return on Equity (3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is UHY ECA's financial position?


Financial Position Analysis

Short Term Liabilities: ECA's short term assets (PLN5.4M) exceed its short term liabilities (PLN3.0M).

Long Term Liabilities: ECA's short term assets (PLN5.4M) exceed its long term liabilities (PLN360.6K).


Debt to Equity History and Analysis

Debt Level: ECA is debt free.

Reducing Debt: ECA has no debt compared to 5 years ago when its debt to equity ratio was 0.4%.

Debt Coverage: ECA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ECA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ECA's debt is covered by short term assets.


Next Steps

Dividend

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

9.38%

Current Dividend Yield


Dividend Yield vs Market

company9.4%marketbottom25%2.7%markettop25%7.4%industryaverage7.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ECA's dividend (9.38%) is higher than the bottom 25% of dividend payers in the Polish market (2.67%).

High Dividend: ECA's dividend (9.38%) is in the top 25% of dividend payers in the Polish market (7.36%)


Stability and Growth of Payments

Stable Dividend: ECA's dividend payments have been volatile in the past 10 years.

Growing Dividend: ECA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.6%), ECA's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

zł381k

CEO Compensation


CEO

Roman Seredynski 0

0yrs

Tenure

zł381,200

Compensation

Mr. Roman Seredynski, PH.D. serves as the President of the Management Board and Chief Executive Officer at UHY ECA S.A. (formerly known as ECA Auxilium SA). Mr. Seredynski began his professional career in  ...


CEO Compensation Analysis

Compensation vs Market: Roman's total compensation ($USD98.50K) is above average for companies of similar size in the Polish market ($USD0.00).

Compensation vs Earnings: Roman's compensation has been consistent with company performance over the past year.


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

  • Roman Seredynski

    President of the Management Board

    • Tenure: 0yrs
    • Compensation: zł381.20k
  • Pawel Wójciak

    Member of Management Board

    • Tenure: 0yrs
    • Compensation: zł283.47k
  • Piotr Wozniak

    Managing Partner

    • Tenure: 0yrs
    • Compensation: zł302.98k
  • Michal Kolosowski

    • Tenure: 0yrs

Board Members

  • Jaroslaw Lenartowski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Robert Samek

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Agnieszka Rembiesa

    President of the Supervisory Board

    • Tenure: 0yrs
  • Aneta Antoniewicz

    Member of Supervisory Board

    • Tenure: 0yrs
  • Dagna Szostak-Biel

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: UHY ECA S.A.
  • Ticker: ECA
  • Exchange: WSE
  • Founded: 1986
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: zł3.320m
  • Shares outstanding: 5.19m
  • Website: https://uhy-pl.com

Location

  • UHY ECA S.A.
  • ul. Moniuszki 50
  • Kraków
  • 31-523
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ECAWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 2007

Biography

UHY ECA S.A. provides various services in the areas of auditing, taxes, accounting, training, and stock exchange consulting in Poland. The company conducts audits and reviews of financial statements in acc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 20:56
End of Day Share Price2019/12/05 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.