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Próchnik

WSE:PRC
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRC
WSE
PLN534K
Market Cap
  1. Home
  2. PL
  3. Consumer Durables
Company description

Próchnik S.A. manufactures and sells men’s and women’s wear in Poland. The last earnings update was 50 days ago. More info.


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  • Próchnik has significant price volatility in the past 3 months.
PRC Share Price and Events
7 Day Returns
0%
WSE:PRC
0.8%
PL Luxury
1%
PL Market
1 Year Returns
-98.2%
WSE:PRC
-26.4%
PL Luxury
-13.1%
PL Market
PRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Próchnik (PRC) 0% 0% -50% -98.2% -98.9% -99.7%
PL Luxury 0.8% -2.4% -3.3% -26.4% 50.5% 2.6%
PL Market 1% 1.6% 5.1% -13.1% 26.6% -3.4%
1 Year Return vs Industry and Market
  • PRC underperformed the Luxury industry which returned -26.4% over the past year.
  • PRC underperformed the Market in Poland which returned -13.1% over the past year.
Price Volatility
PRC
Industry
5yr Volatility vs Market

Value

 Is Próchnik 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 Próchnik 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 Próchnik.

WSE:PRC 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 17.2%
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:PRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.501 (1 + (1- 19%) (3661.91%))
15.374
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (2 * 7.15%)
17.15%

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

The calculations below outline how an intrinsic value for Próchnik is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:PRC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 14.30 15.47 16.73 18.09 19.57
Source Est @ 8.15% Est @ 8.15% Est @ 8.15% Est @ 8.15% Est @ 8.15%
Present Value
Discounted (@ 17.15%)
12.21 11.27 10.41 9.61 8.87
Present value of next 5 years cash flows PLN52.36
WSE:PRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN19.57 × (1 + 2.85%) ÷ (17.15% – 2.85%)
PLN140.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN140.73 ÷ (1 + 17.15%)5
PLN63.78
WSE:PRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN52.36 + PLN63.78
PLN116.14
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN116.14 / 53.43
PLN2.17
WSE:PRC Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN2.17
Current discount Discount to share price of PLN0.01
= -1 x (PLN0.01 - PLN2.17) / PLN2.17
99.5%

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

Current Discount
Amount off the current price Próchnik is available for.
Intrinsic value
>50%
Share price is PLN0.01 vs Future cash flow value of PLN2.17
Current Discount Checks
For Próchnik to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Próchnik's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Próchnik's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Próchnik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Próchnik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:PRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN-1.21
WSE:PRC Share Price ** WSE (2019-01-17) in PLN PLN0.01
Poland Luxury Industry PE Ratio Median Figure of 11 Publicly-Listed Luxury Companies 11.43x
Poland Market PE Ratio Median Figure of 448 Publicly-Listed Companies 10.34x

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

** Primary Listing of Próchnik.

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

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

= 0.01 ÷ -1.21

-0.01x

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

  • Próchnik is loss making, we can't compare its value to the PL Luxury industry average.
  • Próchnik is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Próchnik's expected growth come at a high price?
Raw Data
WSE:PRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Poland Luxury Industry PEG Ratio Median Figure of 6 Publicly-Listed Luxury Companies 1.7x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.2x

*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 Próchnik, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Próchnik's assets?
Raw Data
WSE:PRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN-0.64
WSE:PRC Share Price * WSE (2019-01-17) in PLN PLN0.01
Poland Luxury Industry PB Ratio Median Figure of 14 Publicly-Listed Luxury Companies 1.11x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.98x
WSE:PRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.01 ÷ -0.64

-0.02x

* Primary Listing of Próchnik.

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

  • Próchnik has negative assets, we can't compare the value of its assets to the PL Luxury industry average.
X
Value checks
We assess Próchnik'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. Próchnik 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 Próchnik expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Próchnik 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
21.6%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Próchnik expected to grow at an attractive rate?
  • Unable to compare Próchnik's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Próchnik's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Próchnik's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:PRC Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Luxury Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
Poland Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
Poland Market Earnings Growth Rate Market Cap Weighted Average 9%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:PRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:PRC Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
WSE:PRC Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 54 0 -65
2018-06-30 54 -2 -65
2018-03-31 53 -3 -66
2017-12-31 54 -5 -65
2017-09-30 15 -5 -5
2017-06-30 29 -2 -5
2017-03-31 56 -2 -6
2016-12-31 56 -3 -3
2016-09-30 56 -2 3
2016-06-30 53 -8 3
2016-03-31 47 -9 1
2015-12-31 45 -9 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Próchnik is high growth as no earnings estimate data is available.
  • Unable to determine if Próchnik 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:PRC 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 0 Analyst Estimates (S&P Global) See Below

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

WSE:PRC Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
WSE:PRC Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 -1.21
2018-06-30 -1.21
2018-03-31 -1.24
2017-12-31 -1.23
2017-09-30 -0.10
2017-06-30 -0.10
2017-03-31 -0.12
2016-12-31 -0.06
2016-09-30 0.06
2016-06-30 0.06
2016-03-31 0.03
2015-12-31 0.00

*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 Próchnik will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PRC’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.
  2. Próchnik's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Próchnik's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Próchnik'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.
Próchnik 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 Próchnik 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 Próchnik'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.
  • Próchnik does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Próchnik's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Próchnik's 1-year growth to the PL Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Próchnik'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 Próchnik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:PRC Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 54.35 -64.50 40.16
2018-06-30 54.35 -64.50 40.16
2018-03-31 53.21 -66.49 40.52
2017-12-31 54.35 -64.50 40.16
2017-09-30 15.45 -5.19 8.97
2017-06-30 28.64 -5.14 16.31
2017-03-31 55.52 -5.88 32.09
2016-12-31 56.48 -2.81 31.52
2016-09-30 55.97 2.64 31.23
2016-06-30 52.68 2.60 28.46
2016-03-31 47.25 1.23 26.08
2015-12-31 44.67 0.16 22.85
2015-09-30 42.14 -8.49 23.32
2015-06-30 41.58 -8.52 24.99
2015-03-31 42.52 -9.11 28.20
2014-12-31 39.69 -8.81 27.49
2014-09-30 38.73 2.07 28.81
2014-06-30 36.47 3.27 26.86
2014-03-31 34.54 4.15 23.71
2013-12-31 32.59 4.43 23.27
2013-09-30 27.31 3.54 16.20
2013-06-30 25.36 2.03 15.01
2013-03-31 21.02 1.24 12.61
2012-12-31 20.82 0.28 12.67
2012-09-30 22.98 -1.31 13.17
2012-06-30 23.52 -0.97 13.36
2012-03-31 24.28 -0.69 13.23

*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.
  • It is difficult to establish if Próchnik has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Próchnik has efficiently used its assets last year compared to the PL Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Próchnik improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Próchnik'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.
Próchnik has a total score of 0/6, 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 Próchnik'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 Próchnik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Próchnik's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Próchnik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Próchnik'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.
  • Próchnik has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Próchnik Company Filings, last reported 3 months ago.

WSE:PRC Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -34.32 19.56 0.79
2018-06-30 -33.46 21.04 2.23
2018-03-31 -18.62 22.67 0.69
2017-12-31 -14.34 22.48 1.95
2017-09-30 37.07 19.69 1.07
2017-06-30 40.37 16.68 0.92
2017-03-31 52.90 16.28 1.14
2016-12-31 43.57 20.19 2.45
2016-09-30 49.30 16.26 1.66
2016-06-30 49.28 15.87 1.17
2016-03-31 48.24 16.02 0.99
2015-12-31 46.87 13.62 3.11
2015-09-30 55.75 19.62 0.51
2015-06-30 55.93 15.03 2.20
2015-03-31 55.73 13.17 1.63
2014-12-31 34.96 11.33 2.92
2014-09-30 62.98 9.27 2.67
2014-06-30 63.03 8.89 4.43
2014-03-31 64.23 8.72 4.79
2013-12-31 63.42 9.46 9.80
2013-09-30 62.02 1.75 12.93
2013-06-30 51.92 2.11 4.65
2013-03-31 51.19 6.00 7.90
2012-12-31 18.72 1.92 0.32
2012-09-30 25.20 0.00 0.31
2012-06-30 25.54 2.11 0.44
2012-03-31 25.85 0.00 0.35
  • Próchnik has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Próchnik's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Próchnik has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Próchnik has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -76.3% per year.
X
Financial health checks
We assess Próchnik'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. Próchnik 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 Próchnik'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 Próchnik dividends.
If you bought PLN2,000 of Próchnik 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 Próchnik's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Próchnik'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:PRC 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 0.8%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

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

WSE:PRC Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Próchnik has not reported any payouts.
  • Unable to verify if Próchnik's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Próchnik's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Próchnik 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 Próchnik'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 Próchnik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Próchnik 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 Próchnik'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
Rafal Bauer
COMPENSATION PLN81,000
TENURE AS CEO 5.9 years
CEO Bio

Mr. Rafal Bauer has been Chairman of the Management Board at Próchnik Spolka Akcyjna since February 2013. He served as an Investment Director of International Westfund Holdings Limited from 1995 to 1999. Mr. Bauer serves as President of the Management Boards at Next Media Sp. z o.o. Mr. Bauer serves as Vice Chairman of the Supervisory Board at Scanmed Multimedis S.A. He served as President of the Management Board at Scanmed Multimedis S.A. from 2009 to 2012. He served as President of the Management Board at Black Lion Fund S.A. from 2009 to 2012. He served as President of the Management Board at Vistula & Wólczanka S.A. from 2006 to 2008. He served as President of the Management Board at Wólczanka S.A. from 2004 to 2006. He served as the President of the Management Board at Sokóka Okna I Drzwi SA from 1999 to 2003 and Hollywood Video S.A from 2003 to 2004. He served as the President of the Management Board at Huta Szka Ujcie SA from 1998 to 1999. He served as Vice President of Managerial Board at Molmedica S.A. He served as a Member of the Management Board at Soho Factory Sp. z o.o. He serves as a Member of the Supervisory Board of Browar Gontyniec Spólka Akcyjna. He serves as a Member of Supervisory Board at Zachodni Fundusz Inwestycyjny Nfi S.A. He serves as a Member of the Supervisory Boards at Cracovia Property Sp. z o.o., Browar Gontyniec S.A., Scan Development Sp. z o.o., and Kolejowa Invest Sp. z o.o. SKA. Mr. Bauer holds Master’s degree in Economics from Warsaw University.

CEO Compensation
  • Rafal's compensation has increased whilst company is loss making.
  • Rafal's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Próchnik management team in years:

3.7
Average Tenure
  • The tenure for the Próchnik management team is about average.
Management Team

Rafal Bauer

TITLE
Chairman of the Management Board
COMPENSATION
PLN81K
TENURE
5.9 yrs

Rafal Czapul

TITLE
Member of the Management Board
TENURE
3.7 yrs

Zbigniew Nasilowski

TITLE
Member of the Management Board
COMPENSATION
PLN39K
TENURE
3.7 yrs

Andrzej Kosinski

TITLE
Member of the Management Board
TENURE
3.6 yrs

Marcin Palazej

TITLE
Member of the Management Board
TENURE
3.3 yrs

Karolina Retkowska

TITLE
Chief Accountant
Board of Directors

Maciej Wandzel

TITLE
Chairman of the Supervisory Board

Mariusz Omiecinski

TITLE
Member of Supervisory Board
TENURE
6.2 yrs

Jakub Szumielewicz

TITLE
Member of the Supervisory Board
COMPENSATION
PLN21K
TENURE
4.4 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 Próchnik'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. Próchnik 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

External News
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Simply Wall St News

Do Institutions Own Shares In Próchnik SA (WSE:PRC)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Próchnik SA (WSE:PRC)

There are two types of risks that affect the market value of a listed company such as PRC. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

Simply Wall St -

Dilution Ahead For Próchnik SA. (WSE:PRC) Shareholders?

The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … The measure of how fast Próchnik goes through its cash reserves over time is called the cash burn rate.

Simply Wall St -

Próchnik SA. (WSE:PRC): How Does It Impact Your Portfolio?

The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one. … A market capitalisation of ZŁ16.03M puts PRC in the category of small-cap stocks, which tends to possess higher beta than larger companies. … As a result, this aspect of PRC indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

Who Really Owns Próchnik SA. (WSE:PRC)?

I am going to take a deep dive into Próchnik SA.’s (WSE:PRC) most recent ownership structure, not a frequent subject of discussion among individual investors. … View our latest analysis for Próchnik WSE:PRC Ownership_summary Apr 9th 18 Institutional Ownership In PRC's case, institutional ownership stands at 42.92%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

What Investors Should Know About Próchnik SA.'s (WSE:PRC) Financial Strength

Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: PRC’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Company Info

Map
Description

Próchnik S.A. manufactures and sells men’s and women’s wear in Poland. It offers jackets, shirts, trousers, jeans and chinos, boots, coats, short coats, suits, vests, and sweaters; and accessories, such as umbrellas, stripes, wallets, scarves, hats, socks, pocket square, ties, flies, perfumes, cufflinks, and other products. The company was founded in 1948 and is based in Lódz, Poland.

Details
Name: Próchnik S.A.
PRC
Exchange: WSE
Founded: 1948
PLN534,256
53,425,666
Website: http://www.prochnik.pl
Address: Próchnik S.A.
ul. Kilinskiego 228,
Lódz,
93-124,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PRC Common Bearer Shares Warsaw Stock Exchange PL PLN 01. Jun 1993
LSE 0LXW Common Bearer Shares London Stock Exchange GB PLN 01. Jun 1993
Number of employees
Current staff
Staff numbers
0
Próchnik employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/18 20:38
End of day share price update: 2019/01/17 00:00
Last estimates confirmation: 2017/04/28
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.