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Solar

WSE:SOL
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOL
WSE
PLN19M
Market Cap
  1. Home
  2. PL
  3. Consumer Durables
Company description

Solar Company S.A. provides women’s clothing. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Solar has significant price volatility in the past 3 months.
SOL Share Price and Events
7 Day Returns
23.5%
WSE:SOL
-1.5%
PL Luxury
-0.7%
PL Market
1 Year Returns
-18.2%
WSE:SOL
-16.7%
PL Luxury
2.8%
PL Market
SOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Solar (SOL) 23.5% 30.7% 5.9% -18.2% -43.8% -73.2%
PL Luxury -1.5% 4.4% -18.1% -16.7% 22% 11.6%
PL Market -0.7% 1% -2.6% 2.8% 16.5% -3.7%
1 Year Return vs Industry and Market
  • SOL underperformed the Luxury industry which returned -16.7% over the past year.
  • SOL underperformed the Market in Poland which returned 2.8% over the past year.
Price Volatility
SOL
Industry
5yr Volatility vs Market
Related Companies

SOL Value

 Is Solar 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 Solar 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 Solar.

WSE:SOL 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 17.1%
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:SOL
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.813 (1 + (1- 19%) (290.74%))
2.157
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 * 7.14%)
17.13%

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

The calculations below outline how an intrinsic value for Solar 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:SOL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 17.13%)
2020 14.95 Est @ 95.81% 12.76
2021 25.10 Est @ 67.92% 18.29
2022 37.25 Est @ 48.4% 23.18
2023 50.18 Est @ 34.73% 26.66
2024 62.81 Est @ 25.17% 28.49
2025 74.42 Est @ 18.47% 28.82
2026 84.68 Est @ 13.79% 28.00
2027 93.57 Est @ 10.51% 26.41
2028 101.25 Est @ 8.21% 24.40
2029 107.94 Est @ 6.6% 22.21
Present value of next 10 years cash flows PLN239.22
WSE:SOL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN107.94 × (1 + 2.85%) ÷ (17.13% – 2.85%)
PLN777.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN777.41 ÷ (1 + 17.13%)10
PLN159.94
WSE:SOL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN239.22 + PLN159.94
PLN399.16
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN399.16 / 30.00
PLN13.31
WSE:SOL Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN13.31
Current discount Discount to share price of PLN0.63
= -1 x (PLN0.63 - PLN13.31) / PLN13.31
95.3%

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

Current Discount
Amount off the current price Solar is available for.
Intrinsic value
>50%
Share price is PLN0.63 vs Future cash flow value of PLN13.31
Current Discount Checks
For Solar to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Solar's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Solar'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 Solar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Solar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:SOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN0.02
WSE:SOL Share Price ** WSE (2019-07-12) in PLN PLN0.63
Poland Luxury Industry PE Ratio Median Figure of 11 Publicly-Listed Luxury Companies 15.31x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.86x

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

** Primary Listing of Solar.

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

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

= 0.63 ÷ 0.02

27.51x

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

  • Solar is overvalued based on earnings compared to the PL Luxury industry average.
  • Solar is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Solar's expected growth come at a high price?
Raw Data
WSE:SOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.51x
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 5 Publicly-Listed Luxury Companies 1.26x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.24x

*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 Solar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Solar's assets?
Raw Data
WSE:SOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN2.87
WSE:SOL Share Price * WSE (2019-07-12) in PLN PLN0.63
Poland Luxury Industry PB Ratio Median Figure of 13 Publicly-Listed Luxury Companies 1.22x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.97x
WSE:SOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.63 ÷ 2.87

0.22x

* Primary Listing of Solar.

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

  • Solar is good value based on assets compared to the PL Luxury industry average.
X
Value checks
We assess Solar'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. Solar has a total score of 3/6, 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.

SOL Future Performance

 How is Solar 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 Solar 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
17.6%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Solar expected to grow at an attractive rate?
  • Unable to compare Solar's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Solar's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Solar's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:SOL Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Luxury Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
Poland Luxury Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:SOL 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:SOL Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 133 10 1
2018-12-31 129 3 0
2018-09-30 128 5 -45
2018-06-30 126 7 -45
2018-03-31 127 3 -45
2017-12-31 130 5 -45
2017-09-30 132 3 0
2017-06-30 134 0 -2
2017-03-31 137 0 -2
2016-12-31 138 1 -2
2016-09-30 138 -1 -3
2016-06-30 140 2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Solar is high growth as no earnings estimate data is available.
  • Unable to determine if Solar 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:SOL 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 Solar Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:SOL Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 0.02
2018-12-31 0.00
2018-09-30 -1.51
2018-06-30 -1.50
2018-03-31 -1.50
2017-12-31 -1.51
2017-09-30 -0.01
2017-06-30 -0.06
2017-03-31 -0.05
2016-12-31 -0.06
2016-09-30 -0.11
2016-06-30 -0.10

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

Next steps:

  1. Examine whether Solar is trading at Solar'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Solar'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. Solar'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 Solar'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.
Solar 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.

SOL Past Performance

  How has Solar 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 Solar'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.
  • Solar's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Solar has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Solar has become profitable in the last year making it difficult to compare the PL Luxury industry average.
Earnings and Revenue History
Solar'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 Solar Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:SOL Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 133.30 0.69 60.48
2018-12-31 129.21 0.04 64.09
2018-09-30 127.64 -45.21 64.65
2018-06-30 125.76 -44.96 63.12
2018-03-31 126.87 -44.89 62.86
2017-12-31 129.96 -45.35 63.02
2017-09-30 132.48 -0.35 63.67
2017-06-30 134.28 -1.92 63.95
2017-03-31 137.12 -1.64 64.22
2016-12-31 137.58 -1.66 64.93
2016-09-30 137.60 -3.18 65.32
2016-06-30 140.22 -2.99 64.85
2016-03-31 136.97 -4.36 65.95
2015-12-31 139.99 -4.09 66.71
2015-09-30 139.85 -1.60 66.99
2015-06-30 141.61 1.12 69.20
2015-03-31 141.83 2.82 67.31
2014-12-31 142.33 5.20 65.94
2014-09-30 145.42 5.43 65.81
2014-06-30 147.03 4.96 64.83
2014-03-31 147.92 5.41 64.77
2013-12-31 148.12 3.01 64.96
2013-09-30 145.81 0.48 64.63
2013-06-30 142.76 1.78 63.56
2013-03-31 140.33 5.37 64.22
2012-12-31 144.74 15.10 63.76
2012-09-30 168.38 36.83 62.93

*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.
  • Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Solar used its assets less efficiently than the PL Luxury industry average last year based on Return on Assets.
  • Solar 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 Solar'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.
Solar has a total score of 1/6, 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.

SOL Health

 How is Solar'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 Solar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Solar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Solar's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Solar'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.
  • Solar has no debt, it does not need to be 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 Solar Company Filings, last reported 3 months ago.

WSE:SOL Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 86.20 0.00 9.75
2018-12-31 90.56 0.00 14.04
2018-09-30 89.98 0.00 9.81
2018-06-30 89.80 0.00 12.33
2018-03-31 89.25 0.00 5.75
2017-12-31 90.59 0.00 11.58
2017-09-30 135.35 0.00 6.82
2017-06-30 134.91 0.00 7.84
2017-03-31 134.30 0.00 2.90
2016-12-31 136.57 0.00 8.83
2016-09-30 135.70 0.00 4.59
2016-06-30 136.83 0.00 8.72
2016-03-31 135.94 0.00 4.79
2015-12-31 138.23 0.00 10.05
2015-09-30 138.88 0.00 8.47
2015-06-30 139.82 0.00 9.18
2015-03-31 140.30 0.00 5.80
2014-12-31 142.32 0.00 18.24
2014-09-30 140.47 0.00 11.37
2014-06-30 138.70 0.00 16.47
2014-03-31 138.69 0.00 12.43
2013-12-31 138.32 0.00 22.57
2013-09-30 136.25 0.00 17.62
2013-06-30 134.94 0.00 18.49
2013-03-31 139.58 0.00 11.78
2012-12-31 141.60 0.00 15.82
2012-09-30 142.07 0.00 6.02
  • Solar has no debt.
  • Solar has no debt compared to 5 years ago when it was 0.1%.
  • Solar has no debt, it does not need to be covered by operating cash flow.
  • Solar has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Solar'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. Solar 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.

SOL Dividends

 What is Solar'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 Solar dividends.
If you bought PLN2,000 of Solar 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 Solar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Solar'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:SOL 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 0.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
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%

Industry and Market average data is calculated daily.

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

WSE:SOL Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2016-08-31 0.000 0.000
2015-03-23 0.000 0.000
2014-11-14 0.040 1.961
2014-03-21 0.040 1.573
2014-01-15 0.040 1.167
2013-03-21 0.210 4.632
2013-01-15 0.210 4.095
2012-04-30 0.650 6.901

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

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

SOL Management

 What is the CEO of Solar'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
Stanislaw Bogacki
COMPENSATION PLN0
CEO Bio

Mr. Stanislaw Antoni Bogacki serves as the President of Management Board at Solar Company S.A. Mr. Bogacki is the Co-Founder and Co-Owner of Solar Company S.A. He has been involved with the Solar from the moment of its emergence in 1989, i.e. for 23 years. At the SOLAR, he is responsible for the sales network development for the SOLAR brand in the Polish market and the foreign ones. He is a Graduate of the Medical Department of the Medical Academy in Poznan. In 1984, he acquired the second degree of specialisation in the field of ophthalmology, followed in 1988 by a PhD title.

CEO Compensation
  • Stanislaw's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stanislaw's remuneration is higher than average for companies of similar size in Poland.
Management Team

Stanislaw Bogacki

TITLE
Co-Founder and President of Management Board

Aleksandra Danel

TITLE
Vice-President of The Management Board
Board of Directors

Sebastian Samol

TITLE
Chairman of Supervisory Board

Lukasz Zakrzewski

TITLE
Vice-Chairman of the Supervisory Board
TENURE
3.8 yrs

Stanislaw Bogacki

TITLE
Member of Supervisory Board

Radoslaw Pyzio

TITLE
Member of Supervisory Board

Rafal Mielcarek

TITLE
Member of the Supervisory Board

Adam Lorenc

TITLE
Member of the Supervisory Board
TENURE
3.8 yrs

Waldemar Górka

TITLE
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Solar'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. Solar 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.

SOL News

Simply Wall St News

What Type Of Shareholder Owns Solar Company S.A.'s (WSE:SOL)?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Insider Ownership Of Solar The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership It seems that Private Companies own 15%, of the SOL stock.

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How Does Solar Company S.A. (WSE:SOL) Affect Your Portfolio Volatility?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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Did You Manage To Avoid Solar's (WSE:SOL) Devastating 79% Share Price Drop?

Given that Solar didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last five years Solar saw its revenue shrink by 3.0% per year. … The share price fall of 27% (per year, over five years) is a stern reminder that money-losing companies are expected to grow revenue.

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Can We See Significant Insider Ownership On The Solar Company S.A. (WSE:SOL) Share Register?

The big shareholder groups in Solar Company S.A. … With a market capitalization of zł17m, Solar is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Solar

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Solar Company SA (WSE:SOL): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

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Who Owns Most Of Solar Company SA (WSE:SOL)?

In this analysis, my focus will be on developing a perspective on Solar Company SA’s (WSE:SOL) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

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How Financially Strong Is Solar Company SA (WSE:SOL)?

The direct benefit for Solar Company SA (WSE:SOL), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

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Who Really Owns Solar Company SA. (WSE:SOL)?

I am going to take a deep dive into Solar Company SA.’s (WSE:SOL) most recent ownership structure, not a frequent subject of discussion among individual investors. … Insider Ownership Another important group of shareholders are company insiders. … Next Steps: With a low level of institutional ownership, investors in SOL need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Does Solar Company SA. (WSE:SOL) Fall With The Market?

SOL, with its market capitalisation of ZŁ22.50M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets. … However, this is the opposite to what SOL’s actual beta value suggests, which is higher stock volatility relative to the market.

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Has Solar Company SA. (WSE:SOL) Improved Earnings Growth In Recent Times?

Assessing Solar Company SA.'s (WSE:SOL) past track record of performance is a useful exercise for investors. … See our latest analysis for Solar Commentary On SOL's Past Performance For the most up-to-date info, I use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … The most useful step is to examine company-specific issues Solar may be facing and whether management guidance has steadily been met in the past.

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SOL Company Info

Description

Solar Company S.A. provides women’s clothing. The company offers dresses, tunics, sweaters, blouses, skirts, trousers, blazers, waistcoats, jackets, coats, shirts, and jumpsuits; and accessories, such as jewelry, shawls, gloves, headwears, bags, and belts. It operates 72 own brand stores, 19 franchise stores, and 71 partner stores; and has 3 franchise outlets in Germany and Luxembourg. The company was founded in 1989 and is based in Poznan, Poland.

Details
Name: Solar Company S.A.
SOL
Exchange: WSE
Founded: 1989
PLN18,900,000
30,000,000
Website: http://www.solar.com.pl
Address: Solar Company S.A.
ul. Torowa 11,
Poznan,
61-315,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE SOL Common Shares Warsaw Stock Exchange PL PLN 20. Apr 2012
Number of employees
Current staff
Staff numbers
0
Solar employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/14 21:35
End of day share price update: 2019/07/12 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.