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LPP SA Capital Group

WSE:LPP
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LPP
WSE
PLN16B
Market Cap
  1. Home
  2. PL
  3. Consumer Durables
Company description

LPP SA Capital Group engages in the design, distribution, wholesale, and retail of clothing for women, men, and children. The last earnings update was 7 days ago. More info.


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LPP Share Price and Events
7 Day Returns
-3.6%
WSE:LPP
-4%
PL Luxury
-0.7%
PL Market
1 Year Returns
-8%
WSE:LPP
-10.6%
PL Luxury
-2.5%
PL Market
LPP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LPP SA Capital Group (LPP) -3.6% 2% 5% -8% 37.9% 10.3%
PL Luxury -4% 4.4% 13% -10.6% 32.2% 30.3%
PL Market -0.7% 0% 1.5% -2.5% 12.5% -3.5%
1 Year Return vs Industry and Market
  • LPP outperformed the Luxury industry which returned -10.6% over the past year.
  • LPP underperformed the Market in Poland which returned -2.5% over the past year.
Price Volatility
LPP
Industry
5yr Volatility vs Market

Value

 Is LPP SA Capital Group 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 LPP SA Capital Group 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 LPP SA Capital Group.

WSE:LPP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:LPP
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 19%) (1.86%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.825 * 7.14%)
8.74%

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

The calculations below outline how an intrinsic value for LPP SA Capital Group 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:LPP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 8.74%)
2019 389.23 Analyst x8 357.94
2020 498.55 Analyst x8 421.62
2021 764.38 Analyst x6 594.47
2022 886.78 Analyst x5 634.22
2023 980.10 Analyst x4 644.61
2024 1,057.11 Est @ 7.86% 639.37
2025 1,124.30 Est @ 6.36% 625.34
2026 1,183.93 Est @ 5.3% 605.58
2027 1,238.01 Est @ 4.57% 582.33
2028 1,288.18 Est @ 4.05% 557.22
Present value of next 10 years cash flows PLN5,662.69
WSE:LPP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN1,288.18 × (1 + 2.85%) ÷ (8.74% – 2.85%)
PLN22,488.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN22,488.73 ÷ (1 + 8.74%)10
PLN9,727.86
WSE:LPP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN5,662.69 + PLN9,727.86
PLN15,390.55
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN15,390.55 / 1.83
PLN8393.8
WSE:LPP Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN8,393.80
Current discount Discount to share price of PLN8,545.00
= -1 x (PLN8,545.00 - PLN8,393.80) / PLN8,393.80
-1.8%

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

  • The current share price of LPP SA Capital Group 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 LPP SA Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LPP SA Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:LPP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN275.53
WSE:LPP Share Price ** WSE (2019-04-18) in PLN PLN8545
Poland Luxury Industry PE Ratio Median Figure of 11 Publicly-Listed Luxury Companies 10x
Poland Market PE Ratio Median Figure of 458 Publicly-Listed Companies 11.28x

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

** Primary Listing of LPP SA Capital Group.

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

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

= 8545 ÷ 275.53

31.01x

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

  • LPP SA Capital Group is overvalued based on earnings compared to the PL Luxury industry average.
  • LPP SA Capital Group is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does LPP SA Capital Group's expected growth come at a high price?
Raw Data
WSE:LPP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
18.7%per year
Poland Luxury Industry PEG Ratio Median Figure of 6 Publicly-Listed Luxury Companies 1.41x
Poland Market PEG Ratio Median Figure of 114 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

WSE:LPP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.01x ÷ 18.7%

1.66x

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

  • LPP SA Capital Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LPP SA Capital Group's assets?
Raw Data
WSE:LPP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN1,560.11
WSE:LPP Share Price * WSE (2019-04-18) in PLN PLN8545
Poland Luxury Industry PB Ratio Median Figure of 14 Publicly-Listed Luxury Companies 1.17x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 1x
WSE:LPP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8545 ÷ 1,560.11

5.48x

* Primary Listing of LPP SA Capital Group.

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

  • LPP SA Capital Group is overvalued based on assets compared to the PL Luxury industry average.
X
Value checks
We assess LPP SA Capital Group'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. LPP SA Capital Group has a total score of 0/6, 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 LPP SA Capital Group expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

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
18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LPP SA Capital Group expected to grow at an attractive rate?
  • LPP SA Capital Group's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • LPP SA Capital Group's earnings growth is expected to exceed the Poland market average.
  • LPP SA Capital Group's revenue growth is expected to exceed the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:LPP Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:LPP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 18.7%
WSE:LPP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 10.3%
Poland Luxury Industry Earnings Growth Rate Market Cap Weighted Average 21.7%
Poland Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*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:LPP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:LPP Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13,629 4
2022-12-31 12,636 4
2021-12-31 11,302 1,498 925 6
2020-12-31 10,368 1,219 767 11
2019-12-31 9,219 1,058 662 12
WSE:LPP Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 8,047 1,212 505
2018-09-30 7,823 1,316 492
2018-06-30 7,592 1,016 486
2018-03-31 7,247 1,038 453
2017-12-31 7,029 893 441
2017-09-30 6,734 1,018 298
2017-06-30 6,410 990 207
2017-03-31 6,207 827 123
2016-12-31 6,019 718 175
2016-09-30 5,741 444 190
2016-06-30 5,514 303 276
2016-03-31 5,303 255 323

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LPP SA Capital Group's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
  • LPP SA Capital Group's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
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:LPP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from LPP SA Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:LPP Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 481.00 481.00 481.00 1.00
2020-12-31 413.77 470.47 320.00 8.00
2019-12-31 357.74 412.06 309.00 9.00
WSE:LPP Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 275.53
2018-09-30 268.56
2018-06-30 265.11
2018-03-31 247.63
2017-12-31 241.36
2017-09-30 163.68
2017-06-30 113.67
2017-03-31 67.84
2016-12-31 96.19
2016-09-30 104.70
2016-06-30 152.29
2016-03-31 178.19

*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.
  • LPP SA Capital Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LPP SA Capital Group'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.
LPP SA Capital Group has a total score of 3/6, 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 LPP SA Capital Group 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 LPP SA Capital Group'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.
  • LPP SA Capital Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • LPP SA Capital Group's 1-year earnings growth exceeds its 5-year average (14.6% vs -1.5%)
  • LPP SA Capital Group's earnings growth has not exceeded the PL Luxury industry average in the past year (14.6% vs 14.6%).
Earnings and Revenue History
LPP SA Capital Group'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 LPP SA Capital Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:LPP 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 8,046.76 505.18 3,532.17
2018-09-30 7,822.94 492.41 3,472.73
2018-06-30 7,591.77 485.97 3,349.00
2018-03-31 7,247.46 453.11 3,201.17
2017-12-31 7,029.43 440.85 3,099.94
2017-09-30 6,733.92 298.39 2,937.66
2017-06-30 6,409.55 206.78 2,824.86
2017-03-31 6,206.53 123.33 2,732.74
2016-12-31 6,019.05 174.78 2,608.81
2016-09-30 5,740.67 190.05 2,518.13
2016-06-30 5,513.77 276.27 2,402.69
2016-03-31 5,302.61 323.08 2,274.49
2015-12-31 5,130.35 351.32 2,191.67
2015-09-30 4,960.26 424.09 2,158.93
2015-06-30 4,933.01 426.10 2,170.50
2015-03-31 4,826.83 457.13 2,180.16
2014-12-31 4,769.29 479.55 2,148.35
2014-09-30 4,631.35 415.94 2,067.40
2014-06-30 4,504.60 444.67 1,967.99
2014-03-31 4,310.51 396.88 1,853.57
2013-12-31 4,116.30 430.96 1,759.21
2013-09-30 3,811.41 396.64 1,651.24
2013-06-30 3,547.51 380.34 1,543.23
2013-03-31 3,316.67 337.99 1,446.68
2012-12-31 3,223.76 352.43 1,360.76
2012-09-30 3,050.92 334.57 1,283.71
2012-06-30 2,829.56 301.54 1,197.97

*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.
  • LPP SA Capital Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LPP SA Capital Group used its assets more efficiently than the PL Luxury industry average last year based on Return on Assets.
  • LPP SA Capital Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LPP SA Capital Group'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.
LPP SA Capital Group 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 LPP SA Capital Group'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 LPP SA Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LPP SA Capital Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LPP SA Capital Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LPP SA Capital Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 10.2x 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 LPP SA Capital Group Company Filings, last reported 3 months ago.

WSE:LPP Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,860.54 291.77 1,044.97
2018-09-30 2,555.31 326.04 1,043.54
2018-06-30 2,504.39 287.87 855.50
2018-03-31 2,340.40 219.74 463.02
2017-12-31 2,443.43 198.32 514.79
2017-09-30 2,184.04 267.24 256.41
2017-06-30 2,063.31 423.90 434.91
2017-03-31 2,016.44 627.98 280.38
2016-12-31 2,134.73 510.14 365.75
2016-09-30 1,912.98 912.87 265.90
2016-06-30 1,933.92 858.87 219.20
2016-03-31 1,851.10 979.97 145.35
2015-12-31 1,889.74 845.33 224.45
2015-09-30 1,739.67 906.77 119.88
2015-06-30 1,725.37 738.98 155.71
2015-03-31 1,637.35 836.97 121.88
2014-12-31 1,638.41 582.81 183.53
2014-09-30 1,533.20 678.22 119.16
2014-06-30 1,479.95 482.46 143.69
2014-03-31 1,484.42 513.83 107.44
2013-12-31 1,496.49 357.88 149.36
2013-09-30 1,310.49 474.83 137.98
2013-06-30 1,198.91 313.78 134.06
2013-03-31 1,232.39 326.50 107.75
2012-12-31 1,211.05 186.16 159.39
2012-09-30 1,063.85 307.73 84.80
2012-06-30 887.47 264.37 143.58
  • LPP SA Capital Group's level of debt (10.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24% vs 10.2% today).
  • Debt is well covered by operating cash flow (415.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 116.1x coverage).
X
Financial health checks
We assess LPP SA Capital Group'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. LPP SA Capital Group has a total score of 6/6, 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 LPP SA Capital Group'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
0.7%
Current annual income from LPP SA Capital Group dividends. Estimated to be 0.82% next year.
If you bought PLN2,000 of LPP SA Capital Group shares you are expected to receive PLN14 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?
  • LPP SA Capital Group's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.72%).
  • LPP SA Capital Group's dividend is below the markets top 25% of dividend payers in Poland (7.69%).
Upcoming dividend payment

Purchase LPP SA Capital Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:LPP 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 12 Analyst Estimates (S&P Global) See Below
Poland Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 0.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 207 Stocks 3.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.7%

Industry and Market average data is calculated daily.

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

WSE:LPP Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 73.77 2.00
2020-12-31 78.51 10.00
2019-12-31 61.93 11.00
WSE:LPP Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-04-11 60.000 0.697
2018-04-24 40.000 0.470
2017-11-21 35.740 0.393
2017-08-30 35.740 0.426
2017-04-26 35.740 0.520
2016-05-12 33.000 0.626
2016-04-22 33.000 0.595
2015-08-20 32.000 0.519
2015-04-16 32.000 0.437
2014-11-07 93.600 1.239
2014-08-21 93.730 0.986
2014-04-17 93.600 1.173
2014-02-13 93.600 1.055
2013-11-12 85.100 0.953
2013-08-22 85.100 0.994
2013-04-25 85.100 1.218
2013-02-14 85.100 1.566
2012-11-09 77.360 1.699
2012-04-26 77.360 2.348
2011-04-20 76.860 3.575
2011-02-23 76.860 3.727
2010-04-22 50.000 2.636
2010-02-18 50.000 2.680

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

  • LPP SA Capital Group is not paying a notable dividend for Poland, therefore no need to check if the payments are stable.
  • LPP SA Capital Group is not paying a notable dividend for Poland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of LPP SA Capital Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of LPP SA Capital Group's dividends as it is not paying a notable one for Poland.
Future Payout to shareholders
  • No need to calculate the sustainability of LPP SA Capital Group's dividends in 3 years as they are not expected to pay a notable one for Poland.
X
Income/ dividend checks
We assess LPP SA Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 LPP SA Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LPP SA Capital Group 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 LPP SA Capital Group'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
Marek Piechocki
COMPENSATION PLN0
AGE 57
CEO Bio

Mr. Marek Piechocki is a Co-Founder of LPP SA and serves as its President of Management Board. Mr. Piechocki is responsible for all the aspects of the operations of LPP Spolka Akcyjna. As an experienced practitioner, he participates in the negotiations of the terms and conditions of retail space lease contracts with the biggest property developers on the market. He also supervises the Cropp brand on behalf of the Management Board. Since 2016 he has also been responsible for the premium brand Tallinder and RESERVED. In 2013, he was named the most effective CEO by Harvard Business Review magazine. He has worked in the clothing industry since 1989. He is a graduate of the Civil Engineering Faculty at the GdaÅsk University of Technology.

CEO Compensation
  • Marek's compensation has been consistent with company performance over the past year.
  • Marek's remuneration is lower than average for companies of similar size in Poland.
Management Team

Marek Piechocki

TITLE
President of the Management Board
AGE
57

Jacek Kujawa

TITLE
Vice President of the Management Board
AGE
44
TENURE
10.3 yrs

Przemyslaw Lutkiewicz

TITLE
Vice President of the Management Board & Financial Controller
AGE
48

Slawomir Loboda

TITLE
Vice President of the Management Board
AGE
53
TENURE
3.5 yrs

Przemyslaw Konczakowski

TITLE
Controlling Director
Board of Directors Tenure

Average tenure of the LPP SA Capital Group board of directors in years:

1.5
Average Tenure
  • The average tenure for the LPP SA Capital Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jerzy Lubianiec

TITLE
Chairman of the Supervisory Board
AGE
58
TENURE
19.3 yrs

Wojciech Olejniczak

TITLE
Vice-Chairman of the Supervisory Board
AGE
61
TENURE
1.5 yrs

Antoni Tyminski

TITLE
Member of the Supervisory Board
TENURE
1.5 yrs

Piotr Piechocki

TITLE
Member of the Supervisory Board
TENURE
1.5 yrs

Magdalena Sekula

TITLE
Member of the Supervisory Board
TENURE
1.5 yrs

Milosz Wisniewski

TITLE
Member of the Supervisory Board
TENURE
2.3 yrs
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 LPP SA Capital Group'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. LPP SA Capital Group 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

What Are Analysts Saying About The Future Of LPP SA Capital Group's (WSE:LPP)?

Since LPP SA Capital Group (WSE:LPP) released its earnings in September 2018,. … analyst consensus outlook appear cautiously optimistic, … as a 29% increase in profits is expected in the upcoming year,

Simply Wall St -

LPP SA Capital Group (WSE:LPP) Earns Among The Best Returns In 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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Have Investors Priced In LPP SA Capital Group's (WSE:LPP) Growth?

LPP SA Capital Group (WSE:LPP) closed yesterday at PLN8390, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … LPP SA Capital Group's extremely high growth potential in the near future is attracting investors

Simply Wall St -

LPP SA Capital Group (WSE:LPP): Financial Strength Analysis

Stocks with market capitalization between $2B and $10B, such as LPP SA Capital Group (WSE:LPP) with a size of zł15b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Let’s take a look at LPP’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … View our latest analysis for LPP SA Capital Group

Simply Wall St -

If You Had Bought LPP SA Capital Group Stock Three Years Ago, You Could Pocket A 51% Gain Today

By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During three years of share price growth, LPP SA Capital Group achieved compound earnings per share growth of 0.4% per year. … In comparison, the 15% per year gain in the share price outpaces the EPS growth.

Simply Wall St -

Can LPP SA Capital Group (WSE:LPP) Maintain Its Strong Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

LPP SA Capital Group (WSE:LPP): Commentary On Fundamentals

In the case of LPP SA Capital Group (WSE:LPP), there's. … is a company with great financial health as well as a. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

LPP SA Capital Group (WSE:LPP): What Does The Future Look Like?

In September 2018, LPP SA Capital Group (WSE:LPP) announced its earnings update. … with earnings expected to grow by 30% in the upcoming year … the past 5-year average growth rate of -4.0%

Simply Wall St -

Calculating The Fair Value Of LPP SA Capital Group (WSE:LPP)

In this article I am going to calculate the intrinsic value of LPP SA Capital Group (WSE:LPP). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Should You Know About LPP SA Capital Group's (WSE:LPP) Return On Capital?

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand LPP SA Capital Group’s capital returns we will look at a useful metric called return on capital employed. … LPP SA Capital Group's Return On Capital Employed

Simply Wall St -

Company Info

Description

LPP SA Capital Group engages in the design, distribution, wholesale, and retail of clothing for women, men, and children. It also offers footwear, bags, and clothing accessories. The company offers its products under the RESERVED, MOHITO, House, Cropp, and SiNSAY brand names. It has operations in Poland, as well as countries of Central Europe, Western Europe, Eastern Europe, Balkans, and the Middle East. LPP SA Capital Group was incorporated in 1989 and is headquartered in Gdansk, Poland.

Details
Name: LPP SA Capital Group
LPP
Exchange: WSE
Founded: 1989
PLN15,667,787,290
1,833,562
Website: http://www.lppsa.com
Address: LPP SA Capital Group
ul. Lakowa 39/44,
Gdansk,
80-769,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE LPP Common Bearer Shares Warsaw Stock Exchange PL PLN 23. May 2001
LSE 0LVL Common Bearer Shares London Stock Exchange GB PLN 23. May 2001
Number of employees
Current staff
Staff numbers
0
LPP SA Capital Group employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:52
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/11
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.