WSE:MNS

Stock Analysis Report

Executive Summary

Mennica Skarbowa S.A. engages in the purchase and sale, and storage of investment goods in Poland.

Snowflake

Fundamentals

Good value with poor track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-7.4%

MNS

0.1%

PL Capital Markets

1.5%

PL Market


1 Year Return

49.7%

MNS

-14.8%

PL Capital Markets

0.4%

PL Market

Return vs Industry: MNS exceeded the Polish Capital Markets industry which returned -14.8% over the past year.

Return vs Market: MNS exceeded the Polish Market which returned 0.4% over the past year.


Shareholder returns

MNSIndustryMarket
7 Day-7.4%0.1%1.5%
30 Day-28.6%-4.4%1.3%
90 Day11.1%-5.0%-5.0%
1 Year49.7%49.7%-8.5%-14.8%3.5%0.4%
3 Year0.4%0.4%-18.8%-30.9%12.7%4.6%
5 Year160.5%150.0%-27.6%-39.5%0.5%-11.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNS (PLN5) is trading below our estimate of fair value (PLN12.01)

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


Price To Earnings Ratio

PE vs Industry: MNS is good value based on its PE Ratio (3.5x) compared to the Capital Markets industry average (23.1x).

PE vs Market: MNS is good value based on its PE Ratio (3.5x) compared to the Polish market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MNS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MNS is overvalued based on its PB Ratio (1.2x) compared to the PL Capital Markets industry average (1.1x).


Next Steps

Future Growth

How is Mennica Skarbowa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNS's earnings are forecast to decline over the next 3 years (-5.1% per year).

Earnings vs Market: MNS's earnings are forecast to decline over the next 3 years (-5.1% per year).

High Growth Earnings: MNS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if MNS's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if MNS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Mennica Skarbowa performed over the past 5 years?

1.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MNS's earnings have grown by 1% per year over the past 5 years.

Accelerating Growth: MNS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MNS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (-47.2%).


Return on Equity

High ROE: Whilst MNS's Return on Equity (33.44%) is high, this metric is skewed due to their high level of debt.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Mennica Skarbowa's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

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


Financial Institutions Analysis

Asset Level: MNS's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MNS has a sufficient allowance for bad loans.

Low Risk Liabilities: MNS reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MNS has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MNS has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MNS has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.7%markettop25%7.3%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Jaroslaw Zoledowski 0

0yrs

Tenure

0

Mr. Jaroslaw Zoledowski serves as the President of the Board of Directors at Mennica Skarbowa S.A. 


Insider Trading

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


Ownership Breakdown


Management Team

  • Daria Burys

    Member of the Board of Directors

    • Tenure: 0yrs
  • Jaroslaw Zoledowski

    President of the Board of Directors

    • Tenure: 0yrs

Board Members

  • Agnieszka Libner

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Tomasz Kaniowski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Konrad Szwedzinski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Ewa Zoledowska

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Mennica Skarbowa S.A.
  • Ticker: MNS
  • Exchange: WSE
  • Founded:
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: zł5.201m
  • Shares outstanding: 1.04m
  • Website: https://www2.mennicaskarbowa.pl

Location

  • Mennica Skarbowa S.A.
  • ul.Jasna 1
  • Dom "Pod Orlami" -ground floor
  • Warsaw
  • 00-013
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNSWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNMay 2012

Biography

Mennica Skarbowa S.A. engages in the purchase and sale, and storage of investment goods in Poland. It sells gold, silver, diamonds, palladium, and platinum; and provides advisory services in the field of a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:13
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.