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KRUK Spólka Akcyjna

WSE:KRU
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRU
WSE
PLN4B
Market Cap
  1. Home
  2. PL
  3. Diversified Financials
Company description

KRUK Spólka Akcyjna, together with its subsidiaries, engages in the management of debt for institutional clients in Poland, Romania, Italy, the Czech Republic, Germany, and Spain. The last earnings update was 82 days ago. More info.


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KRU Share Price and Events
7 Day Returns
1.1%
WSE:KRU
4%
PL Consumer Finance
-0.3%
PL Market
1 Year Returns
-14.1%
WSE:KRU
-12.8%
PL Consumer Finance
3.9%
PL Market
KRU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KRUK Spólka Akcyjna (KRU) 1.1% 0.3% 12.3% -14.1% -8.7% 106.2%
PL Consumer Finance 4% 3.8% 15% -12.8% -8.7% 96.7%
PL Market -0.3% 1.8% -2.4% 3.9% 15.6% -3.5%
1 Year Return vs Industry and Market
  • KRU underperformed the Consumer Finance industry which returned -12.8% over the past year.
  • KRU underperformed the Market in Poland which returned 3.9% over the past year.
Price Volatility
KRU
Industry
5yr Volatility vs Market
Related Companies

KRU Value

 Is KRUK Spólka Akcyjna 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 KRUK Spólka Akcyjna 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 KRUK Spólka Akcyjna.

WSE:KRU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= PLN115.98 * 15.9%
PLN18.46
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. PLN115.98
Discount Rate (Cost of Equity) See below 10.5%
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:KRU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.696 (1 + (1- 19%) (72.99%))
1.072
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.072 * 7.14%)
10.5%

Discounted Cash Flow Calculation for WSE:KRU using Excess Returns Model Model

The calculations below outline how an intrinsic value for KRUK Spólka Akcyjna is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

WSE:KRU Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (15.9% – 10.5%) * PLN115.98)
PLN6.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN6.28 / (10.5% - 2.85%)
PLN82.00
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN115.98 + PLN82.00
PLN197.99
WSE:KRU Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN197.99
Current discount Discount to share price of PLN187.60
= -1 x (PLN187.60 - PLN197.99) / PLN197.99
5.2%

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

Current Discount
Amount off the current price KRUK Spólka Akcyjna is available for.
Intrinsic value
5%
Share price is PLN187.6 vs Future cash flow value of PLN197.99
Current Discount Checks
For KRUK Spólka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KRUK Spólka Akcyjna's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • KRUK Spólka Akcyjna's share price is below the future cash flow value, but not 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 KRUK Spólka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KRUK Spólka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:KRU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN17.88
WSE:KRU Share Price ** WSE (2019-07-16) in PLN PLN187.6
Poland Consumer Finance Industry PE Ratio Median Figure of 6 Publicly-Listed Consumer Finance Companies 9.1x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.76x

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

** Primary Listing of KRUK Spólka Akcyjna.

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

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

= 187.6 ÷ 17.88

10.49x

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

  • KRUK Spólka Akcyjna is overvalued based on earnings compared to the PL Consumer Finance industry average.
  • KRUK Spólka Akcyjna is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does KRUK Spólka Akcyjna's expected growth come at a high price?
Raw Data
WSE:KRU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-3.2%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Finance Companies 0.7x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.49x ÷ -3.2%

-3.24x

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

  • KRUK Spólka Akcyjna earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on KRUK Spólka Akcyjna's assets?
Raw Data
WSE:KRU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN96.76
WSE:KRU Share Price * WSE (2019-07-16) in PLN PLN187.6
Poland Consumer Finance Industry PB Ratio Median Figure of 10 Publicly-Listed Consumer Finance Companies 0.69x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.97x
WSE:KRU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 187.6 ÷ 96.76

1.94x

* Primary Listing of KRUK Spólka Akcyjna.

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

  • KRUK Spólka Akcyjna is overvalued based on assets compared to the PL Consumer Finance industry average.
X
Value checks
We assess KRUK Spólka Akcyjna'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. KRUK Spólka Akcyjna has a total score of 1/6, 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.

KRU Future Performance

 How is KRUK Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 7 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
-3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KRUK Spólka Akcyjna expected to grow at an attractive rate?
  • KRUK Spólka Akcyjna's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • KRUK Spólka Akcyjna's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • KRUK Spólka Akcyjna's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:KRU Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:KRU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -3.2%
WSE:KRU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.2%
Poland Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average -3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
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:KRU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:KRU Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,342 233 1
2022-12-31 1,513 626 351 2
2021-12-31 1,434 266 350 6
2020-12-31 1,391 -120 358 7
2019-12-31 1,271 -297 352 5
WSE:KRU Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 1,185 -426 337
2018-12-31 1,165 -402 330
2018-09-30 1,142 -377 283
2018-06-30 1,113 7 267
2018-03-31 1,077 -103 270
2017-12-31 1,055 -223 295
2017-09-30 1,048 -212 354
2017-06-30 990 -464 354
2017-03-31 887 -693 303
2016-12-31 783 -623 249
2016-09-30 704 -528 230
2016-06-30 666 -318 208

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KRUK Spólka Akcyjna's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • KRUK Spólka Akcyjna's revenue is expected to grow by 4.2% 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:KRU 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 7 Analyst Estimates (S&P Global) See Below

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

WSE:KRU 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 18.34 22.13 14.21 5.00
2020-12-31 18.24 20.51 15.88 5.00
2019-12-31 18.72 18.87 18.58 2.00
WSE:KRU Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 17.88
2018-12-31 17.51
2018-09-30 15.04
2018-06-30 14.24
2018-03-31 14.41
2017-12-31 15.74
2017-09-30 19.11
2017-06-30 19.37
2017-03-31 16.87
2016-12-31 14.08
2016-09-30 13.11
2016-06-30 11.95

*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.
  • KRUK Spólka Akcyjna is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KRUK Spólka Akcyjna'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 Europe 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.
KRUK Spólka Akcyjna 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.

KRU Past Performance

  How has KRUK Spólka Akcyjna 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 KRUK Spólka Akcyjna's growth in the last year to its industry (Consumer Finance).
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.
  • KRUK Spólka Akcyjna's year on year earnings growth rate has been positive over the past 5 years.
  • KRUK Spólka Akcyjna's 1-year earnings growth exceeds its 5-year average (24.7% vs 18.5%)
  • KRUK Spólka Akcyjna's earnings growth has exceeded the PL Consumer Finance industry average in the past year (24.7% vs -49.8%).
Earnings and Revenue History
KRUK Spólka Akcyjna'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 KRUK Spólka Akcyjna Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:KRU 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 1,185.19 337.18 149.66
2018-12-31 1,164.81 330.02 155.41
2018-09-30 1,142.04 283.00 145.30
2018-06-30 1,112.90 267.43 146.50
2018-03-31 1,076.66 270.30 143.70
2017-12-31 1,055.45 295.10 134.71
2017-09-30 1,048.06 354.11 127.55
2017-06-30 989.79 354.22 115.49
2017-03-31 886.85 303.22 95.79
2016-12-31 783.40 248.66 83.74
2016-09-30 704.26 229.75 74.24
2016-06-30 665.52 207.92 64.96
2016-03-31 638.68 214.54 60.76
2015-12-31 611.23 204.23 54.47
2015-09-30 569.62 185.93 49.86
2015-06-30 510.98 159.37 47.92
2015-03-31 501.04 162.37 43.35
2014-12-31 487.92 151.74 49.76
2014-09-30 470.89 143.64 56.79
2014-06-30 470.42 147.06 58.06
2014-03-31 429.81 117.89 58.71
2013-12-31 405.61 97.63 56.44
2013-09-30 400.14 107.12 55.66
2013-06-30 382.58 99.46 56.95
2013-03-31 358.98 86.76 52.21
2012-12-31 342.99 81.04 51.64
2012-09-30 328.53 68.01 39.29

*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.
  • KRUK Spólka Akcyjna has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KRUK Spólka Akcyjna used its assets more efficiently than the PL Consumer Finance industry average last year based on Return on Assets.
  • KRUK Spólka Akcyjna's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KRUK Spólka Akcyjna'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 Consumer Finance 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.
KRUK Spólka Akcyjna has a total score of 4/6, 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.

KRU Health

 How is KRUK Spólka Akcyjna'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 KRUK Spólka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KRUK Spólka Akcyjna's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • KRUK Spólka Akcyjna's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of KRUK Spólka Akcyjna'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x 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 KRUK Spólka Akcyjna Company Filings, last reported 3 months ago.

WSE:KRU Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,827.89 2,522.58 192.45
2018-12-31 1,732.75 2,494.76 148.75
2018-09-30 1,701.98 2,320.93 151.57
2018-06-30 1,646.07 2,001.49 162.48
2018-03-31 1,589.28 1,873.97 205.28
2017-12-31 1,460.52 1,889.52 700.88
2017-09-30 1,489.97 1,702.36 129.59
2017-06-30 1,380.69 1,696.68 664.86
2017-03-31 1,316.72 1,581.37 148.27
2016-12-31 1,237.50 1,632.45 871.04
2016-09-30 960.29 1,493.12 125.14
2016-06-30 888.92 1,277.13 785.15
2016-03-31 853.71 842.46 69.04
2015-12-31 784.28 924.94 865.57
2015-09-30 738.10 805.71 52.21
2015-06-30 679.66 821.02 556.45
2015-03-31 637.92 756.43 38.16
2014-12-31 585.08 828.08 932.32
2014-09-30 555.75 713.54 1,279.17
2014-06-30 529.18 814.49 1,331.75
2014-03-31 458.82 644.01 1,356.23
2013-12-31 415.56 675.68 1,089.17
2013-09-30 402.81 609.04 1,090.55
2013-06-30 377.82 644.06 1,033.47
2013-03-31 339.60 604.45 963.93
2012-12-31 317.63 588.63 922.74
2012-09-30 288.62 516.62 836.63
  • KRUK Spólka Akcyjna's level of debt (141.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (143.7% vs 141.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess KRUK Spólka Akcyjna'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. KRUK Spólka Akcyjna has a total score of 2/6, 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.

KRU Dividends

 What is KRUK Spólka Akcyjna'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
2.67%
Current annual income from KRUK Spólka Akcyjna dividends. Estimated to be 3.46% next year.
If you bought PLN2,000 of KRUK Spólka Akcyjna shares you are expected to receive PLN53 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?
  • KRUK Spólka Akcyjna's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.81%).
  • KRUK Spólka Akcyjna's dividend is below the markets top 25% of dividend payers in Poland (7%).
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:KRU 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 7 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.2%
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:KRU Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.08 5.00
2020-12-31 6.96 6.00
2019-12-31 5.35 5.00
WSE:KRU Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-03-07 5.000 2.961
2018-04-18 5.000 2.600
2017-09-05 2.000 0.797
2017-02-28 2.000 0.689
2016-03-07 2.000 0.943
2015-03-16 1.500 0.904

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

  • Whilst dividend payments have been stable, KRUK Spólka Akcyjna has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but KRUK Spólka Akcyjna only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of KRUK Spólka Akcyjna's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess KRUK Spólka Akcyjna'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 KRUK Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KRUK Spólka Akcyjna has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KRU Management

 What is the CEO of KRUK Spólka Akcyjna'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
Piotr Krupa
COMPENSATION PLN2,406,280
CEO Bio

Mr. Piotr Krupa co-founded KRUK Spolka Akcyjna (alternate name KRUK SA) in 2003 and serves as its President of Management Board and Chief Executive Officer. Mr. Krupa started his professional career in 1997 as a partner in „Kuznicki i Krupa” partnership and remained a partner in this company until 2004. He is a legal counsel. He graduated from the Faculty of Law and Administration at the Wroclaw University in 1996. He completed court training during the years 1997-2000 and legal counsel training during the years 2000-2003. Mr. Krupa also holds a Private Investigator license.

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

Average tenure of the KRUK Spólka Akcyjna management team in years:

12
Average Tenure
  • The average tenure for the KRUK Spólka Akcyjna management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Piotr Krupa

TITLE
President of the Management Board & CEO
COMPENSATION
PLN2M

Michal Zasepa

TITLE
CFO & Member of the Management Board
COMPENSATION
PLN836K
TENURE
9.1 yrs

Iwona Slomska

TITLE
Member of the Management Board
COMPENSATION
PLN773K
TENURE
10.5 yrs

Agnieszka Kulton

TITLE
Member of the Management Board
COMPENSATION
PLN774K
TENURE
13.5 yrs

Urszula Okarma

TITLE
Member of the Management Board
COMPENSATION
PLN773K
TENURE
13.5 yrs

Damian Babka

TITLE
Investor Relations & Business Development Manager
Board of Directors Tenure

Average tenure and age of the KRUK Spólka Akcyjna board of directors in years:

6.3
Average Tenure
55
Average Age
  • The tenure for the KRUK Spólka Akcyjna board of directors is about average.
Board of Directors

Piotr Stepniak

TITLE
Chairman of the Supervisory Board
AGE
57

Robert Konski

TITLE
Member of Supervisory Board
AGE
53
TENURE
6.3 yrs

Katarzyna Beuch

TITLE
Member of Supervisory Board
TENURE
6.3 yrs

Tomasz Bieske

TITLE
Member of Supervisory Board
TENURE
5.9 yrs

Krzysztof Kawalec

TITLE
Member of Supervisory Board
AGE
46

Józef Wancer

TITLE
Member of Supervisory Board
AGE
77

Arkadiusz Jastrzebski

TITLE
Member of Supervisory Board
TENURE
6.3 yrs
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 KRUK Spólka Akcyjna'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. KRUK Spólka Akcyjna 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.

KRU News

Simply Wall St News

Is KRUK Spólka Akcyjna (WSE:KRU) A Risky Investment?

WSE:KRU Historical Debt, June 22nd 2019 How Strong Is KRUK Spólka Akcyjna's Balance Sheet? … Either way, since KRUK Spólka Akcyjna does have more debt than cash, it's worth keeping an eye on its balance sheet. … Looking at the balance sheet and taking into account all these factors, we do believe that debt is making KRUK Spólka Akcyjna stock a bit risky.

Simply Wall St -

Is KRUK Spólka Akcyjna (WSE:KRU) Using Too Much Debt?

WSE:KRU Historical Debt, June 22nd 2019 How Healthy Is KRUK Spólka Akcyjna's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching KRUK Spólka Akcyjna's balance sheet over time. … Looking at the balance sheet and taking into account all these factors, we do believe that debt is making KRUK Spólka Akcyjna stock a bit risky.

Simply Wall St -

Does KRUK Spólka Akcyjna (WSE:KRU) Have A Place In Your Dividend Portfolio?

Investors might not know much about KRUK Spólka Akcyjna's dividend prospects, even though it has been paying dividends for the last four years and offers a 2.9% yield. … KRUK Spólka Akcyjna has been paying a dividend for the past four years. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see KRUK Spólka Akcyjna has grown its earnings per share at 25% per annum over the past five years. Earnings per share have rocketed in recent times, and we like that the company is retaining more than half of its earnings to reinvest. However, always remember that very few companies can grow at double digit rates forever. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Don't Sell KRUK Spólka Akcyjna (WSE:KRU) Before You Read This

We'll show how you can use KRUK Spólka Akcyjna's (WSE:KRU) P/E ratio to inform your assessment of the investment opportunity. … KRUK Spólka Akcyjna has a price to earnings ratio of 9.71, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Pleased About The CEO Pay At KRUK Spólka Akcyjna's (WSE:KRU)

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Piotr Krupa's Compensation Compare With Similar Sized Companies. … Our data indicates that KRUK Spólka Akcyjna is worth zł3.2b, and total annual CEO compensation is zł2.4m.

Simply Wall St -

What Kind Of Investor Owns Most Of KRUK Spólka Akcyjna (WSE:KRU)?

A look at the shareholders of KRUK Spólka Akcyjna (WSE:KRU) can tell us which group is most powerful. … With a market capitalization of zł2.9b, KRUK Spólka Akcyjna is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for KRUK Spólka Akcyjna

Simply Wall St -

Will KRUK Spólka Akcyjna's (WSE:KRU) Earnings Grow In The Next 12 Months?

Looking at KRUK Spólka Akcyjna's (WSE:KRU) earnings update on 31 December 2018, … with profits predicted to rise by 15% next year … the higher past 5-year average growth rate of 20%.

Simply Wall St -

Announcing: KRUK Spólka Akcyjna Stock Increased An Energizing 102% In The Last Five Years

For example, the KRUK Spólka Akcyjna (WSE:KRU) share price has soared 102% in the last half decade. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, KRUK Spólka Akcyjna managed to grow its earnings per share at 19% a year.

Simply Wall St -

Is KRUK Spólka Akcyjna's (WSE:KRU) High P/E Ratio A Problem For Investors?

We'll look at KRUK Spólka Akcyjna's (WSE:KRU) P/E ratio and reflect on what it tells us about the company's share price. … KRUK Spólka Akcyjna has a P/E ratio of 11.54, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can We See Significant Insider Ownership On The KRUK Spólka Akcyjna (WSE:KRU) Share Register?

The big shareholder groups in KRUK Spólka Akcyjna (WSE:KRU) have power over the company. … KRUK Spólka Akcyjna has a market capitalization of zł3.2b, so we would expect some institutional investors to have noticed the stock. … Check out our latest analysis for KRUK Spólka Akcyjna

Simply Wall St -

KRU Company Info

Description

KRUK Spólka Akcyjna, together with its subsidiaries, engages in the management of debt for institutional clients in Poland, Romania, Italy, the Czech Republic, Germany, and Spain. It purchases and manages debt portfolios, including consumer, mortgage, and corporate debts; and offers consumer loans and credit management services. The company manages the receivables of banks, loan brokers, insurers, leasing companies, landline and mobile telecommunications operators, cable TV operators, digital TV operators, and FMCG companies. It is also involved in the provision of Novum loan services, detective services, and financial and agency services and support for small and medium-sized enterprises; collection, processing, and provision of credit information on natural persons and businesses; and management of securitized debt, as well as acts as a special-purpose securitization vehicle, which invests in debt or debt-backed assets. In addition, the company engages in the buying, selling, renting, and operating of real estate properties. KRUK Spólka Akcyjna was founded in 1998 and is headquartered in Wroclaw, Poland.

Details
Name: KRUK Spólka Akcyjna
KRU
Exchange: WSE
Founded: 1998
PLN3,551,390,878
18,930,655
Website: http://www.pl.kruk.eu/
Address: KRUK Spólka Akcyjna
ul. Wolowska 8,
Wroclaw,
51-116,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE KRU Ordinary Bearer Shares Warsaw Stock Exchange PL PLN 10. May 2011
LSE 0Q3Y Ordinary Bearer Shares London Stock Exchange GB PLN 10. May 2011
Number of employees
Current staff
Staff numbers
3,217
KRUK Spólka Akcyjna employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 21:35
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/10
Last earnings filing: 2019/04/25
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.