Tax-Net
Market Cap
zł1.5m
Last Updated
2020/03/30 22:48 UTC
Data Sources
Company Financials
Executive Summary
Tax-Net S.A. provides accounting, tax, and financial advisory services in Poland.
Snowflake Analysis
Mediocre balance sheet and overvalued.
Share Price & News
How has Tax-Net's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TXN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
41.3%
TXN
5.0%
PL Professional Services
2.7%
PL Market
1 Year Return
22.6%
TXN
-24.1%
PL Professional Services
-33.8%
PL Market
Return vs Industry: TXN exceeded the Polish Professional Services industry which returned -24.1% over the past year.
Return vs Market: TXN exceeded the Polish Market which returned -33.8% over the past year.
Shareholder returns
| TXN | Industry | Market | |
|---|---|---|---|
| 7 Day | 41.3% | 5.0% | 2.7% |
| 30 Day | 8.3% | -20.1% | -16.5% |
| 90 Day | 16.1% | -15.1% | -28.0% |
| 1 Year | 22.6%22.6% | -24.0%-24.1% | -31.8%-33.8% |
| 3 Year | 44.4%44.4% | -31.8%-32.1% | -33.4%-38.1% |
| 5 Year | -13.3%-13.3% | 107.0%101.6% | -29.3%-38.4% |
Price Volatility Vs. Market
How volatile is Tax-Net's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Percentage Of Tax-Net S.A. (WSE:TXN) Shares Do Insiders Own?3 months ago | Simply Wall St
Does Tax-Net S.A. (WSE:TXN) Have A Volatile Share Price?4 months ago | Simply Wall St
Investors Who Bought Tax-Net (WSE:TXN) Shares Three Years Ago Are Now Up 49%Valuation
Is Tax-Net undervalued compared to its fair value and its price relative to the market?
0.44x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: TXN (PLN0.65) is trading above our estimate of fair value (PLN0.34)
Significantly Below Fair Value: TXN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TXN is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.
PE vs Market: TXN 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 TXN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TXN is good value based on its PB Ratio (0.4x) compared to the PL Professional Services industry average (1.4x).
Next Steps
Future Growth
How is Tax-Net forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
7.0%
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 Tax-Net 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
- Take a look at our analysis of TXN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Tax-Net competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Tax-Net performed over the past 5 years?
-25.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TXN is currently unprofitable.
Growing Profit Margin: TXN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TXN is unprofitable, and losses have increased over the past 5 years at a rate of -25.7% per year.
Accelerating Growth: Unable to compare TXN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TXN is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (-11.9%).
Return on Equity
High ROE: TXN has a negative Return on Equity (-1.15%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tax-Net's financial position?
Financial Position Analysis
Short Term Liabilities: TXN's short term assets (PLN1.1M) do not cover its short term liabilities (PLN1.3M).
Long Term Liabilities: TXN's short term assets (PLN1.1M) do not cover its long term liabilities (PLN1.5M).
Debt to Equity History and Analysis
Debt Level: TXN's debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: TXN's debt to equity ratio has reduced from 48% to 19.2% over the past 5 years.
Balance Sheet
Inventory Level: TXN has a low level of unsold assets or inventory.
Debt Coverage by Assets: TXN's debt is covered by short term assets (assets are 1.6x debt).
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: TXN has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: TXN has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Tax-Net's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TXN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TXN'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 TXN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TXN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TXN is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TXN'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
Tax-Net has no CEO, or we have no data on them.
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
Tax-Net S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tax-Net S.A.
- Ticker: TXN
- Exchange: WSE
- Founded:
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: zł1.524m
- Shares outstanding: 2.35m
- Website: https://www.tax-net.pl
Location
- Tax-Net S.A.
- ul. Marcina 11
- Katowice
- 40-854
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TXN | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Jul 2011 |
Biography
Tax-Net S.A. provides accounting, tax, and financial advisory services in Poland. It offers tax consultancy, tax audit, tax optimization, assistance in registration and transformation of companies, representation before institutions, financial consulting, assistance in ensure liquidity, cost optimization, factoring, leasing, virtual office, and personnel and payroll consulting services. The company is based in Katowice, Poland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 22:48 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.