Tax-Net
Market Cap
zł3.8m
Last Updated
2020/10/29 22:26 UTC
Data Sources
Company Financials
Executive Summary
Tax-Net S.A. provides accounting, tax, and financial advisory services in Poland. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
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
-16.2%
TXN
-11.3%
PL Professional Services
-6.4%
PL Market
1 Year Return
158.1%
TXN
-28.3%
PL Professional Services
-23.6%
PL Market
Return vs Industry: TXN exceeded the Polish Professional Services industry which returned -22.6% over the past year.
Return vs Market: TXN exceeded the Polish Market which returned -24.2% over the past year.
Shareholder returns
| TXN | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.2% | -11.3% | -6.4% |
| 30 Day | -16.7% | -27.6% | -11.7% |
| 90 Day | 63.3% | -36.2% | -14.5% |
| 1 Year | 158.1%158.1% | -28.2%-28.3% | -22.9%-23.6% |
| 3 Year | 300.0%300.0% | -48.8%-49.0% | -33.0%-37.0% |
| 5 Year | 226.5%226.5% | -28.6%-30.3% | -21.0%-29.6% |
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
3 days ago | Simply Wall St
Here's Why I Think Tax-Net (WSE:TXN) Is An Interesting Stock1 month ago | Simply Wall St
Tax-Net S.A. (WSE:TXN) Stock Catapults 32% Though Its Price And Business Still Lag The Market3 months ago | Simply Wall St
Fewer Investors Than Expected Jumping On Tax-Net S.A. (WSE:TXN)Valuation
Is Tax-Net 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: TXN (PLN1.52) is trading below our estimate of fair value (PLN35.85)
Significantly Below Fair Value: TXN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TXN is good value based on its PE Ratio (11.4x) compared to the PL Professional Services industry average (14.5x).
PE vs Market: TXN is good value based on its PE Ratio (11.4x) compared to the Polish market (11.8x).
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 (0.9x) compared to the PL Professional Services industry average (1.5x).
Next Steps
Future Growth
How is Tax-Net forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.5%
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
- Examine whether Tax-Net 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.
- 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?
2.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TXN has a large one-off loss of PLN109.7K impacting its June 30 2020 financial results.
Growing Profit Margin: TXN's current net profit margins (3.4%) are higher than last year (1.5%).
Past Earnings Growth Analysis
Earnings Trend: TXN has become profitable over the past 5 years, growing earnings by 2.8% per year.
Accelerating Growth: TXN's earnings growth over the past year (147.3%) exceeds its 5-year average (2.8% per year).
Earnings vs Industry: TXN earnings growth over the past year (147.3%) exceeded the Professional Services industry -8.1%.
Return on Equity
High ROE: TXN's Return on Equity (7.6%) is considered low.
Next Steps
Financial Health
How is Tax-Net's financial position?
Financial Position Analysis
Short Term Liabilities: TXN's short term assets (PLN2.4M) exceed its short term liabilities (PLN2.4M).
Long Term Liabilities: TXN's short term assets (PLN2.4M) exceed its long term liabilities (PLN1.0M).
Debt to Equity History and Analysis
Debt Level: TXN's debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: TXN's debt to equity ratio has reduced from 28.2% to 14.1% over the past 5 years.
Debt Coverage: TXN's debt is well covered by operating cash flow (270.5%).
Interest Coverage: TXN's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Tax-Net 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 recent payouts.
High Dividend: Unable to evaluate TXN'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 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
Pawel Glosny
no data
Tenure
Mr. Pawel Glosny has been Chairman of the Management Board at Tax-Net S.A. since June 18, 2015 and serves as its Chief Executive Officer.
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: zł3.752m
- Shares outstanding: 2.35m
- Website: https://www.tax-net.pl
Number of Employees
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, represe ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 22:26 |
| End of Day Share Price | 2020/10/29 00:00 |
| Earnings | 2020/06/30 |
| 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.