WSE:ORB

Stock Analysis Report

Executive Summary

Orbis S.A. owns, operates, manages, and franchises hotels in Poland and internationally.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ORB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

ORB

-1.8%

PL Hospitality

2.9%

PL Market


1 Year Return

22.8%

ORB

-31.1%

PL Hospitality

-33.4%

PL Market

Return vs Industry: ORB exceeded the Polish Hospitality industry which returned -30.6% over the past year.

Return vs Market: ORB exceeded the Polish Market which returned -33.8% over the past year.


Shareholder returns

ORBIndustryMarket
7 Day-0.9%-1.8%2.9%
30 Day-3.0%-34.9%-15.3%
90 Day-1.8%-38.4%-27.1%
1 Year22.8%22.8%-31.1%-31.1%-31.4%-33.4%
3 Year43.7%38.5%-19.4%-20.6%-32.4%-37.2%
5 Year157.4%135.4%84.7%76.6%-28.4%-37.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Orbis undervalued compared to its fair value and its price relative to the market?

21.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ORB (PLN111.5) is trading below our estimate of fair value (PLN141.53)

Significantly Below Fair Value: ORB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ORB is poor value based on its PE Ratio (22.3x) compared to the Hospitality industry average (15.2x).

PE vs Market: ORB is poor value based on its PE Ratio (22.3x) compared to the Polish market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: ORB is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: ORB is overvalued based on its PB Ratio (1.5x) compared to the PL Hospitality industry average (1.3x).


Next Steps

Future Growth

How is Orbis forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORB's forecast earnings growth (6.6% per year) is above the savings rate (2%).

Earnings vs Market: ORB's earnings (6.6% per year) are forecast to grow slower than the Polish market (11.8% per year).

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

Revenue vs Market: ORB's revenue (5.1% per year) is forecast to grow faster than the Polish market (4.5% per year).

High Growth Revenue: ORB's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ORB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Orbis performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORB has high quality earnings.

Growing Profit Margin: ORB's current net profit margins (15.8%) are lower than last year (24.3%).


Past Earnings Growth Analysis

Earnings Trend: ORB's earnings have grown by 19.6% per year over the past 5 years.

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

Earnings vs Industry: ORB had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Hospitality industry average (-14.6%).


Return on Equity

High ROE: ORB's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Orbis's financial position?


Financial Position Analysis

Short Term Liabilities: ORB's short term assets (PLN2.1B) exceed its short term liabilities (PLN761.9M).

Long Term Liabilities: ORB's short term assets (PLN2.1B) exceed its long term liabilities (PLN728.8M).


Debt to Equity History and Analysis

Debt Level: ORB's debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: ORB's debt to equity ratio has increased from 0.3% to 14.7% over the past 5 years.

Debt Coverage: ORB's debt is well covered by operating cash flow (96.3%).

Interest Coverage: ORB's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: ORB's debt is covered by short term assets (assets are 4.2x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: ORB is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average management tenure


CEO

Gilles Clavie (50yo)

5.67s

Tenure

Mr. Gilles Stephane Clavie has been the President of the Management Board at Orbis Spólka Akcyjna since June 26, 2014 and has been its Chief Executive Officer since June 27, 2014. Mr. Clavie joined Orbis  ...


Leadership Team

NamePositionTenureCompensationOwnership
Gilles Clavie
President of the Management Board & CEO5.67yrsno datano data
Ireneusz Weglowski
Vice President of the Management Board & Development Director29.17yrsno data0.0092% PLN480.1k
Dominik Soltysik
Member of Management Board2.25yrsno datano data
Stefan Potocki
VP of Operationsno datano datano data
Dorota Nowotny
IR officer8.17yrsno datano data

6.9yrs

Average Tenure

50yo

Average Age

Experienced Management: ORB's management team is seasoned and experienced (6.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Krzysztof Gerula
Independent Member of Supervisory Board0.67yrzł1.37m0.00043% PLN22.4k
Jan Hiljo Ozinga
Member of Supervisory Boardno datano datano data
Jaroslaw Szymanski
Supervisory Board Memberno datano datano data
Andrzej Procajlo
Supervisory Board Memberno datano datano data
Piotr Nowjalis
Independent Member of Supervisory Board0.67yrno datano data
Pascal Maury
Member of Supervisory Boardno datano datano data
Corinne Fornara
Member of the Supervisory Boardno datano datano data
Krzysztof Kostro
Independent Supervisory Board Member0.67yrno datano data
Andrea Agrusow
Member of Supervisory Boardno datano datano data
Jairo Gonzalez
Member of Supervisory Boardno datano datano data

0.7yrs

Average Tenure

54yo

Average Age

Experienced Board: ORB's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Orbis S.A.
  • Ticker: ORB
  • Exchange: WSE
  • Founded: 1920
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: zł5.207b
  • Shares outstanding: 46.08m
  • Website: https://www.orbis.pl

Number of Employees


Location

  • Orbis S.A.
  • 16 Bracka Street
  • Warsaw
  • 00-028
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORBWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 1997
0LX3LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNNov 1997

Biography

Orbis S.A. owns, operates, manages, and franchises hotels in Poland and internationally. As of December 31, 2018, it operated a network of approximately 133 hotels. The company operates its hotels under the Sofitel, Pullman, MGallery, Novotel, Mercure, ibis, ibis Styles, and ibis budget brands. The company was founded in 1920 and is based in Warsaw, Poland. As of March 10, 2020, Orbis S.A. operates as a subsidiary of AccorInvest Group SA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 20:40
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.