Euro-Tax.pl S.A., together with its subsidiaries, provides tax refund services in Poland. More Details
+ 1 more risk
Excellent balance sheet and fair value.
Share Price & News
How has Euro-Tax.pl's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ETX has not had significant price volatility in the past 3 months.
7 Day Return
PL Professional Services
1 Year Return
PL Professional Services
Return vs Industry: ETX underperformed the Polish Professional Services industry which returned 11.9% over the past year.
Return vs Market: ETX exceeded the Polish Market which returned -15.5% over the past year.
Price Volatility Vs. Market
How volatile is Euro-Tax.pl's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StAre Dividend Investors Making A Mistake With Euro-Tax.pl S.A. (WSE:ETX)?
2 months ago | Simply Wall StEuro-Tax.pl S.A.'s (WSE:ETX) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
4 months ago | Simply Wall StDid You Participate In Any Of Euro-Tax.pl's (WSE:ETX) Fantastic 246% Return ?
Is Euro-Tax.pl undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ETX (PLN3.36) is trading below our estimate of fair value (PLN6.1)
Significantly Below Fair Value: ETX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ETX is good value based on its PE Ratio (16.6x) compared to the PL Professional Services industry average (16.8x).
PE vs Market: ETX is poor value based on its PE Ratio (16.6x) compared to the Polish market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ETX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ETX is overvalued based on its PB Ratio (12.8x) compared to the PL Professional Services industry average (1.8x).
How is Euro-Tax.pl forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Euro-Tax.pl 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.
- Examine whether Euro-Tax.pl is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Euro-Tax.pl competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
How has Euro-Tax.pl performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETX has high quality earnings.
Growing Profit Margin: ETX's current net profit margins (5.3%) are lower than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: ETX's earnings have declined by 18.8% per year over the past 5 years.
Accelerating Growth: ETX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ETX had negative earnings growth (-43.5%) over the past year, making it difficult to compare to the Professional Services industry average (-8.1%).
Return on Equity
High ROE: ETX's Return on Equity (80.1%) is considered outstanding.
How is Euro-Tax.pl's financial position?
Financial Position Analysis
Short Term Liabilities: ETX's short term assets (PLN11.1M) do not cover its short term liabilities (PLN11.6M).
Long Term Liabilities: ETX's short term assets (PLN11.1M) exceed its long term liabilities (PLN174.0K).
Debt to Equity History and Analysis
Debt Level: ETX's debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: ETX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: ETX's debt is well covered by operating cash flow (797.1%).
Interest Coverage: ETX's interest payments on its debt are well covered by EBIT (28.8x coverage).
What is Euro-Tax.pl current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ETX's dividend (9.82%) is higher than the bottom 25% of dividend payers in the Polish market (1.79%).
High Dividend: ETX's dividend (9.82%) is in the top 25% of dividend payers in the Polish market (6.15%)
Stability and Growth of Payments
Stable Dividend: ETX's dividend payments have been volatile in the past 10 years.
Growing Dividend: ETX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (163.4%), ETX's dividend payments are not well 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.
How experienced are the management team and are they aligned to shareholders interests?
Adam Karol Powiertowski serves as a President of Management Board at EURO-Tax.PL S.A.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Euro-Tax.pl S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Euro-Tax.pl S.A.
- Ticker: ETX
- Exchange: WSE
- Founded: 2008
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: zł16.800m
- Shares outstanding: 5.00m
- Website: https://www.euro-tax-sa.pl
Number of Employees
- Euro-Tax.pl S.A.
- ul. Szelagowska 25 / 2-3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ETX||WSE (Warsaw Stock Exchange)||Yes||Common Bearer Shares||PL||PLN||Jan 2010|
Euro-Tax.pl S.A., together with its subsidiaries, provides tax refund services in Poland. The company is involved in the recovery and settlement of tax overpaid by the clients working in the United Kingdom ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/23 03:21|
|End of Day Share Price||2020/09/22 00:00|
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.