WSE:MON

Stock Analysis Report

Executive Summary

Monnari Trade S.A. engages in the design, outsourced production, marketing, and sale of clothing products and accessories for women in Poland and internationally.

Snowflake

Fundamentals

Very undervalued with flawless balance sheet.

Share Price & News

How has Monnari Trade's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-13.8%

MON

0.9%

PL Luxury

1.5%

PL Market


1 Year Return

-48.8%

MON

-16.1%

PL Luxury

-3.1%

PL Market

Return vs Industry: MON underperformed the Polish Luxury industry which returned -16.1% over the past year.

Return vs Market: MON underperformed the Polish Market which returned -3.1% over the past year.


Share holder returns

MONIndustryMarket
7 Day-13.8%0.9%1.5%
30 Day-33.3%0.4%-2.1%
90 Day-35.6%-3.5%-7.7%
1 Year-48.8%-48.8%-15.5%-16.1%-0.2%-3.1%
3 Year-71.7%-71.7%15.9%13.7%12.0%4.0%
5 Year-67.3%-67.8%-8.1%-11.2%0.2%-11.9%

Price Volatility Vs. Market

How volatile is Monnari Trade's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: MON (PLN3) is trading below our estimate of fair value (PLN6.09)

Significantly Undervalued: MON is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: MON is good value based on its PE Ratio (6.5x) compared to the Luxury industry average (11.5x).

PE vs Market: MON is good value based on its PE Ratio (6.5x) compared to the Polish market (10x).


Price Based on Expected Growth

Low PEG Ratio: MON is good value based on its PEG Ratio (0.8x)


Price Based on Value of Assets

PB vs Industry: MON is good value based on its PB Ratio (0.4x) compared to the PL Luxury industry average (1.2x).


Next Steps

Future Growth

How is Monnari Trade expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: MON's forecast earnings growth (7.7% per year) is above the savings rate (2.9%).

Earnings vs Market: MON's earnings (7.7% per year) are forecast to grow slower than the Polish market (10.3% per year).

High Growth Earnings: MON's earnings are forecast to grow, but not significantly.

Revenue vs Market: MON's revenue (8.6% per year) is forecast to grow faster than the Polish market (5.3% per year).

High Growth Revenue: MON's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: MON's Return on Equity is forecast to be low in 3 years time (5.3%).


Next Steps

Past Performance

How has Monnari Trade performed over the past 5 years?

-12.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MON's earnings have declined by -12.8% per year over the past 5 years.

Accelerating Growth: MON's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MON had negative earnings growth (-42.4%) over the past year, making it difficult to compare to the Luxury industry average (-16.3%).


Return on Equity

High ROE: MON's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: MON's Return on Assets is below or equal to the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: MON's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Monnari Trade's financial position?


Financial Position Analysis

Short Term Liabilities: MON's short term assets (PLN126.0M) exceeds its short term liabilities (PLN57.5M)

Long Term Liabilities: MON's short term assets (126.0M) exceeds its long term liabilities (21.1M)


Debt to Equity History and Analysis

Debt Level: MON is debt free.

Reducing Debt: MON had no debt 5 years ago.

Debt Coverage: MON has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MON has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MON has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MON's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.6%markettop25%7.3%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate MON's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MON's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MON's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MON's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MON is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MON's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

8.3yrs

Average board tenure


CEO

Miroslaw Misztal 0

0yrs

Tenure

zł390,000

Compensation

Mr. Miroslaw Misztal is the Founder of Monnari Trade Spolka Akcyjna (Alternate Name: Monnari Trade SA) and serves as its has been its President of the Management Board. Mr. Misztal served as Vice President ...


Board Age and Tenure

8.3yrs

Average Tenure

Experienced Board: MON's board of directors are considered experienced (8.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Miroslaw Misztal

    Founder and President of Management Board

    • Tenure: 0yrs
    • Compensation: zł390.00k

Board Members

  • Jerzy Leszczynski

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł18.00k
  • Jacek Pierzynski

    Member of Supervisory Board

    • Tenure: 8.3yrs
    • Compensation: zł18.00k
  • Adam Majka

    Member of Supervisory Board

    • Tenure: 8.3yrs
    • Compensation: zł19.00k
  • Ryszard Zatorski

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł19.00k
  • Zbigniew Wojnicki

    Member of Supervisory Board

    • Tenure: 8.8yrs
    • Compensation: zł19.00k
  • Anna Augustyniak-Kala

    Member of Supervisory Board

    • Tenure: 8.3yrs
    • Compensation: zł18.00k
  • Jerzy Kotwas

    Member of Supervisory Board

    • Tenure: 0.8yrs

Company Information

Monnari Trade S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Monnari Trade S.A.
  • Ticker: MON
  • Exchange: WSE
  • Founded: 1998
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: zł84.131m
  • Shares outstanding: 28.04m
  • Website: https://www.monnaritrade.com

Location

  • Monnari Trade S.A.
  • ul. Radwanska 6
  • Lodz
  • 90-453
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MONWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 2006

Biography

Monnari Trade S.A. engages in the design, outsourced production, marketing, and sale of clothing products and accessories for women in Poland and internationally. The company sells its products under the M ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 21:30
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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