WSE:PBF

Stock Analysis Report

Executive Summary

PBS Finanse S.A. provides various financing services to individuals.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PBF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.5%

PBF

-2.5%

PL Consumer Finance

2.7%

PL Market


1 Year Return

34.2%

PBF

-56.6%

PL Consumer Finance

-33.8%

PL Market

Return vs Industry: PBF exceeded the Polish Consumer Finance industry which returned -54.2% over the past year.

Return vs Market: PBF exceeded the Polish Market which returned -33% over the past year.


Shareholder returns

PBFIndustryMarket
7 Day1.5%-2.5%2.7%
30 Day-16.7%-52.3%-16.5%
90 Day122.2%-60.5%-28.0%
1 Year34.2%34.2%-55.4%-56.6%-31.8%-33.8%
3 Year-71.8%-71.8%-71.3%-72.9%-33.4%-38.1%
5 Year-88.8%-88.8%-52.0%-55.4%-29.3%-38.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PBF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PBF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PBF is unprofitable, so we can't compare its PE Ratio to the Consumer Finance industry average.

PE vs Market: PBF is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PBF is good value based on its PB Ratio (0.2x) compared to the PL Consumer Finance industry average (0.7x).


Next Steps

Future Growth

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

12.9%

Forecasted Diversified Financials industry annual growth in earnings


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 PBS Finanse 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has PBS Finanse performed over the past 5 years?

-65.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBF is currently unprofitable.

Growing Profit Margin: PBF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PBF is unprofitable, and losses have increased over the past 5 years at a rate of -65.5% per year.

Accelerating Growth: Unable to compare PBF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PBF is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (17.9%).


Return on Equity

High ROE: PBF has a negative Return on Equity (-19.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is PBS Finanse'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: PBF has a low level of unsold assets or inventory.

Debt Coverage by Assets: PBF's debt is covered by short term assets (assets are 4.9x debt).


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.

Stable Cash Runway: PBF has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PBF has sufficient cash runway for 2.6 years if free cash flow continues to grow at historical rates of 2.9% each year.


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PBF'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 PBF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PBF'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 PBF'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?

1.5yrs

Average management tenure


CEO

Dariusz Blicharz

1.25s

Tenure

Mr. Dariusz Blicharz has been President of the Management Board at PBS Finanse S.A. since December 01, 2018. 


Leadership Team

NamePositionTenureCompensationOwnership
Dariusz Blicharz
President of the Management Board1.25yrsno data0.038% PLN1.6k
Tomasz Seweryn
Member of the Management Board1.5yrsno datano data
Cecylia Potera
Chief Accountantno datano data0.049% PLN2.0k
Ewa Sudol
Chief Accountantno datano datano data
Grzegorz Rysz
Secretary of the Supervisory Board9.83yrszł100.60kno data

1.5yrs

Average Tenure

Experienced Management: PBF's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Maciej Frankiewicz
Member of the Supervisory Board9.83yrsno datano data
Boguslaw Stabryla
Supervisory Board Chairman2.17yrsno datano data
Pawel Kolodziejczyk
Vice Chairman of the Supervisory Board 9.83yrsno datano data
Grazyna Karaczkowska
Member of the Supervisory Boardno datano datano data
Dawid Sabik
Member of the Supervisory Boardno datano datano data
Agnieszka Trebenda
Deputy Chairman of the Supervisory Boardno datano datano data
Lukasz Birkowski
Member of the Supervisory Board1.25yrsno datano data
Barbara Wais
Member of the Supervisory Board1.25yrsno datano data
Agnes Kondyjowska
Member of the Supervisory Board2.17yrsno datano data

2.2yrs

Average Tenure

Experienced Board: PBF's board of directors are not considered experienced ( 2.2 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

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


Key Information

  • Name: PBS Finanse S.A.
  • Ticker: PBF
  • Exchange: WSE
  • Founded:
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: zł4.181m
  • Shares outstanding: 10.45m
  • Website: https://www.pbsfinanse.pl

Location

  • PBS Finanse S.A.
  • ul. Mickiewicza 29
  • Sanok
  • 38-500
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBFWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNMar 2000
0OBJLSE (London Stock Exchange)YesOrdinary SharesGBPLNMar 2000

Biography

PBS Finanse S.A. provides various financing services to individuals. It offers credit intermediation, loan, financial leasing, and social lending services. PBS Finanse S.A. is based in Sanok, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:08
End of Day Share Price2020/03/30 00:00
Earnings2019/09/30
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.