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Hurtimex

WSE:HRT
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRT
WSE
PLN4M
Market Cap
  1. Home
  2. PL
  3. Consumer Durables
Company description

Hurtimex SA designs, manufactures, and distributes clothing for children in Poland and internationally. The last earnings update was 94 days ago. More info.


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  • Hurtimex has significant price volatility in the past 3 months.
HRT Share Price and Events
7 Day Returns
-16%
WSE:HRT
-5.8%
PL Luxury
-0.9%
PL Market
1 Year Returns
-41.2%
WSE:HRT
-23.7%
PL Luxury
-7.4%
PL Market
HRT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hurtimex (HRT) -16% -16% -44.4% -41.2% -20% -4.8%
PL Luxury -5.8% -16.9% -2.7% -23.7% 22.6% 4.3%
PL Market -0.9% -7.1% -6.6% -7.4% 9.6% -11.5%
1 Year Return vs Industry and Market
  • HRT underperformed the Luxury industry which returned -23.7% over the past year.
  • HRT underperformed the Market in Poland which returned -7.4% over the past year.
Price Volatility
HRT
Industry
5yr Volatility vs Market

Value

 Is Hurtimex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hurtimex to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hurtimex.

WSE:HRT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:HRT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 19%) (60.3%))
1.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.05 * 7.14%)
10.35%

Discounted Cash Flow Calculation for WSE:HRT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hurtimex is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:HRT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 10.35%)
2019 0.07 Est @ -77.69% 0.06
2020 0.03 Est @ -53.53% 0.03
2021 0.02 Est @ -36.61% 0.01
2022 0.02 Est @ -24.77% 0.01
2023 0.01 Est @ -16.49% 0.01
2024 0.01 Est @ -10.69% 0.01
2025 0.01 Est @ -6.63% 0.01
2026 0.01 Est @ -3.78% 0.00
2027 0.01 Est @ -1.79% 0.00
2028 0.01 Est @ -0.4% 0.00
Present value of next 10 years cash flows PLN0.14
WSE:HRT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN0.01 × (1 + 2.85%) ÷ (10.35% – 2.85%)
PLN0.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN0.14 ÷ (1 + 10.35%)10
PLN0.05
WSE:HRT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN0.14 + PLN0.05
PLN0.20
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN0.20 / 21.77
PLN0.01
WSE:HRT Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN0.01
Current discount Discount to share price of PLN0.20
= -1 x (PLN0.20 - PLN0.01) / PLN0.01
-2123.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hurtimex is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hurtimex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hurtimex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:HRT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.03
WSE:HRT Share Price ** WSE (2019-05-14) in PLN PLN0.2
Poland Luxury Industry PE Ratio Median Figure of 12 Publicly-Listed Luxury Companies 11.34x
Poland Market PE Ratio Median Figure of 463 Publicly-Listed Companies 10.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hurtimex.

WSE:HRT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:HRT Share Price ÷ EPS (both in PLN)

= 0.2 ÷ 0.03

6.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hurtimex is good value based on earnings compared to the PL Luxury industry average.
  • Hurtimex is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Hurtimex's expected growth come at a high price?
Raw Data
WSE:HRT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.3%per year
Poland Luxury Industry PEG Ratio Median Figure of 6 Publicly-Listed Luxury Companies 1.03x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hurtimex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hurtimex's assets?
Raw Data
WSE:HRT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN0.08
WSE:HRT Share Price * WSE (2019-05-14) in PLN PLN0.2
Poland Luxury Industry PB Ratio Median Figure of 14 Publicly-Listed Luxury Companies 0.99x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 0.97x
WSE:HRT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:HRT Share Price ÷ Book Value per Share (both in PLN)

= 0.2 ÷ 0.08

2.44x

* Primary Listing of Hurtimex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hurtimex is overvalued based on assets compared to the PL Luxury industry average.
X
Value checks
We assess Hurtimex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Hurtimex has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hurtimex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hurtimex, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hurtimex expected to grow at an attractive rate?
  • Hurtimex's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Hurtimex's earnings growth is positive but not above the Poland market average.
  • Unable to compare Hurtimex's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:HRT Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:HRT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.3%
Poland Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
Poland Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:HRT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:HRT Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 11 0 1
2018-09-30 12 0 0
2018-06-30 12 1 0
2018-03-31 12 2 1
2017-12-31 11 1 1
2017-09-30 12 2 1
2017-06-30 12 1 1
2017-03-31 11 0 0
2016-12-31 12 0 0
2016-09-30 11 0 -1
2016-06-30 10 0 -1
2016-03-31 11 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hurtimex's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hurtimex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:HRT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hurtimex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:HRT Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.03
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 -0.05
2016-06-30 -0.06
2016-03-31 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hurtimex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hurtimex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hurtimex has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hurtimex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hurtimex's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hurtimex has delivered over 20% year on year earnings growth in the past 5 years.
  • Hurtimex's 1-year earnings growth is less than its 5-year average (14.8% vs 49.9%)
  • Hurtimex's earnings growth has exceeded the PL Luxury industry average in the past year (14.8% vs 14.6%).
Earnings and Revenue History
Hurtimex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hurtimex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:HRT Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11.47 0.71 4.32
2018-09-30 11.83 0.40 4.38
2018-06-30 11.88 0.45 4.31
2018-03-31 11.82 0.53 4.11
2017-12-31 11.40 0.62 4.04
2017-09-30 12.00 0.82 3.97
2017-06-30 11.80 0.74 3.81
2017-03-31 11.34 0.44 3.85
2016-12-31 11.62 0.42 3.83
2016-09-30 11.09 -1.01 4.54
2016-06-30 10.40 -1.31 4.61
2016-03-31 11.02 -1.50 3.96
2015-12-31 10.34 -1.75 4.78
2015-09-30 9.47 -0.42 4.05
2015-06-30 9.83 0.29 4.07
2015-03-31 8.72 0.11 3.90
2014-12-31 8.42 0.14 3.93
2014-09-30 7.92 -0.74 3.85
2014-06-30 9.01 -1.16 3.92
2014-03-31 9.33 -1.14 4.11
2013-12-31 9.54 -1.63 4.14
2013-09-30 9.59 -1.53 4.51
2013-06-30 8.90 -1.71 6.49
2013-03-31 8.59 -1.81 5.43
2012-12-31 8.40 -1.70 4.43
2012-09-30 8.03 0.51 8.33
2012-06-30 7.11 0.07 5.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Hurtimex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Hurtimex used its assets less efficiently than the PL Luxury industry average last year based on Return on Assets.
  • Hurtimex has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Hurtimex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hurtimex has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hurtimex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hurtimex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hurtimex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hurtimex's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hurtimex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hurtimex Company Filings, last reported 4 months ago.

WSE:HRT Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.79 2.63 1.29
2018-09-30 1.47 2.66 1.29
2018-06-30 1.36 2.69 1.18
2018-03-31 1.18 2.71 1.58
2017-12-31 1.08 2.75 1.34
2017-09-30 1.07 3.16 1.24
2017-06-30 0.91 2.82 0.31
2017-03-31 0.67 2.84 0.15
2016-12-31 0.46 2.85 0.47
2016-09-30 0.25 2.86 0.17
2016-06-30 0.17 2.90 0.13
2016-03-31 0.87 2.99 0.24
2015-12-31 0.04 2.94 0.30
2015-09-30 1.26 3.05 0.22
2015-06-30 1.48 2.83 0.16
2015-03-31 1.76 2.91 0.22
2014-12-31 1.80 2.94 0.22
2014-09-30 -0.72 3.53 0.32
2014-06-30 -1.20 3.56 0.27
2014-03-31 -0.76 3.61 0.25
2013-12-31 -0.74 3.57 0.42
2013-09-30 0.02 3.67 0.39
2013-06-30
2013-03-31
2012-12-31 0.89 3.75 0.23
2012-09-30
2012-06-30
  • Hurtimex's level of debt (147%) compared to net worth is high (greater than 40%).
  • Hurtimex had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (16.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Hurtimex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hurtimex has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hurtimex dividends.
If you bought PLN2,000 of Hurtimex shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hurtimex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hurtimex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:HRT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Poland Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 201 Stocks 4.1%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hurtimex has not reported any payouts.
  • Unable to verify if Hurtimex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hurtimex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hurtimex has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hurtimex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hurtimex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hurtimex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jaroslaw Kopec
CEO Bio

Mr. Jaroslaw Kopec serves as President of the Management Board at Hurtimex SA and served as its Chairman of Management Board and Vice President of the Management Board.

CEO Compensation
  • Insufficient data for Jaroslaw to compare compensation growth.
  • Insufficient data for Jaroslaw to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Jaroslaw Kopec

TITLE
President of the Management Board
Board of Directors

Bogdan Kopec

TITLE
Chairman of Supervisory Board

Zbigniew Zajac

TITLE
Vice Chairman of the Supervisory Board

Krystyna Kopec

TITLE
Member of Supervisory Board

Bronislaw Siekierski

TITLE
Member of Supervisory Board

Wojciech Nawrot

TITLE
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Hurtimex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hurtimex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why Hurtimex SA (WSE:HRT) Looks Like A Quality Company

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hurtimex: 40% = zł708k ÷ zł1.8m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Hurtimex Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry.

Simply Wall St -

How Much Of Hurtimex SA (WSE:HRT) Do Insiders Own?

The big shareholder groups in Hurtimex SA (WSE:HRT) have power over the company. … Hurtimex is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

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How Do Hurtimex SA’s (WSE:HRT) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Hurtimex SA (WSE:HRT): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

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Is Hurtimex SA's (WSE:HRT) High P/E Ratio A Problem For Investors?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Hurtimex SA's (WSE:HRT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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A Closer Look At Hurtimex SA's (WSE:HRT) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Hurtimex has a return on equity of 27% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Do Insiders Own Shares In Hurtimex SA (WSE:HRT)?

A look at the shareholders of Hurtimex SA (WSE:HRT) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of zł7.2m, Hurtimex is a small cap stock, so it might not be well known by many institutional investors.

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Why Hurtimex SA's (WSE:HRT) Ownership Structure Is Important

I am going to take a deep dive into Hurtimex SA’s (WSE:HRT) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … WSE:HRT Ownership Summary August 10th 18

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Should You Expect Hurtimex SA (WSE:HRT) To Continue Delivering An ROE Of 44.73%?

I am writing today to help inform people who are new to the stock market. … If HRT borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

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Company Info

Description

Hurtimex SA designs, manufactures, and distributes clothing for children in Poland and internationally. Its products include skirts, pants, blouses, sweaters, handkerchiefs, gloves, jackets, and outerwear products. The company sells its products under the Tup Tup, KANZ, Döll, Lemmi, Pampolina, and Königsmühle brand names. It operates through a network of approximately 200 stores, 100 shop-type points, and 2,500 multi-brand franchise stores. Hurtimex SA was founded in 1990 and is headquartered in Lódz, Poland.

Details
Name: Hurtimex SA
HRT
Exchange: WSE
Founded: 1990
PLN4,353,795
21,768,977
Website: http://www.hurtimex.com.pl
Address: Hurtimex SA
ul. 28 Col. Strzelców Kaniowskich 42,
Lódz,
90-640,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE HRT Common Bearer Shares Warsaw Stock Exchange PL PLN 04. Nov 2008
Number of employees
Current staff
Staff numbers
0
Hurtimex employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:39
End of day share price update: 2019/05/14 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.