Skarbiec Holding
Market Cap
zł119.3m
Last Updated
2019/11/20 21:45 UTC
Data Sources
Company Financials +
Executive Summary
Skarbiec Holding S.A. creates and manages investment funds in Poland.
Snowflake
Outstanding track record and good value.
Share Price & News
How has Skarbiec Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
SKH
1.8%
PL Capital Markets
-1.6%
PL Market
1 Year Return
-26.4%
SKH
-0.3%
PL Capital Markets
1.0%
PL Market
Return vs Industry: SKH underperformed the Polish Capital Markets industry which returned -0.3% over the past year.
Return vs Market: SKH underperformed the Polish Market which returned 1% over the past year.
Shareholder returns
| SKH | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 1.8% | -1.6% |
| 30 Day | 3.5% | 2.9% | 2.0% |
| 90 Day | 3.8% | -2.1% | 3.2% |
| 1 Year | -24.2%-26.4% | 7.1%-0.3% | 4.2%1.0% |
| 3 Year | -28.4%-46.5% | -14.2%-26.1% | 15.4%7.0% |
| 5 Year | -16.0%-47.5% | -26.1%-40.1% | 2.9%-9.7% |
Price Volatility Vs. Market
How volatile is Skarbiec Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Does Skarbiec Holding SA's (WSE:SKH) PE Ratio Tell You?1 year ago | Simply Wall St
Is It Too Late To Buy Skarbiec Holding SA (WSE:SKH)?1 year ago | Simply Wall St
What Does Skarbiec Holding SA's (WSE:SKH) Ownership Structure Look Like?Valuation
Is Skarbiec Holding 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: SKH (PLN17.6) is trading below our estimate of fair value (PLN39.65)
Significantly Below Fair Value: SKH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKH is good value based on its PE Ratio (3.9x) compared to the Capital Markets industry average (16.6x).
PE vs Market: SKH is good value based on its PE Ratio (3.9x) compared to the Polish market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: SKH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SKH is overvalued based on its PB Ratio (1.2x) compared to the PL Capital Markets industry average (1x).
Next Steps
Future Growth
How is Skarbiec Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-41.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKH's earnings are forecast to decline over the next 3 years (-41.5% per year).
Earnings vs Market: SKH's earnings are forecast to decline over the next 3 years (-41.5% per year).
High Growth Earnings: SKH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SKH's revenue is expected to decline over the next 3 years (-9.9% per year).
High Growth Revenue: SKH's revenue is forecast to decline over the next 3 years (-9.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKH's Return on Equity is forecast to be high in 3 years time (20.3%)
Next Steps
Past Performance
How has Skarbiec Holding performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKH has high quality earnings.
Growing Profit Margin: SKH's current net profit margins (27.6%) are higher than last year (19.3%).
Past Earnings Growth Analysis
Earnings Trend: SKH's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: SKH's earnings growth over the past year (58.9%) exceeds its 5-year average (8.6% per year).
Earnings vs Industry: SKH earnings growth over the past year (58.9%) exceeded the Capital Markets industry -51.3%.
Return on Equity
High ROE: SKH's Return on Equity (30.2%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Skarbiec Holding'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: SKH has a low level of unsold assets or inventory.
Debt Coverage by Assets: SKH's debt is not covered by short term assets (assets are -102.8x debt).
Financial Institutions Analysis
Asset Level: SKH's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SKH has a sufficient allowance for bad loans.
Low Risk Liabilities: SKH reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SKH has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SKH has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SKH has an appropriate level of bad loans.
Next Steps
Dividend
What is Skarbiec Holding's current dividend yield, its reliability and sustainability?
25.28%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SKH's dividend (25.28%) is higher than the bottom 25% of dividend payers in the Polish market (2.65%).
High Dividend: SKH's dividend (25.28%) is in the top 25% of dividend payers in the Polish market (7.3%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SKH has been paying a dividend for less than 10 years.
Growing Dividend: SKH's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (97.4%), SKH's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Skarbiec Holding's salary, the management and board of directors tenure and is there insider trading?
1.0yrs
Average board tenure
CEO
Anna Milewska 0
0yrs
Tenure
Ms. Anna Stanislawa Milewska served as a Member of Supervisory Board of Skarbiec Holding S.A. since 2018 until March 2019 and serves as its Member of Management Board since December 19, 2018. She serves as ...
Board Age and Tenure
1.0yrs
Average Tenure
Experienced Board: SKH's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Anna Milewska
President of Management Board
- Tenure: 0yrs
Pawel Tokarski
Member of Management Board
- Tenure: 0.9yrs
Board Members
Chris Biedermann (51yo)
Member of Supervisory Board
- Tenure: 0yrs
Raimondo Eggink
Member of Supervisory board
- Tenure: 1.1yrs
Boguslaw Rajca
Member of Supervisory Board
- Tenure: 1.8yrs
Stanislaw Kluza
Chairman of the Supervisory Board
- Tenure: 0.9yrs
Alicja Kornowicz
Member of Supervisory Board
- Tenure: 0.7yrs
Jacek Ksen
Member of Supervisory Board
- Tenure: 0yrs
Company Information
Skarbiec Holding S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Skarbiec Holding S.A.
- Ticker: SKH
- Exchange: WSE
- Founded:
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: zł119.312m
- Shares outstanding: 6.82m
- Website: https://www.skarbiecholding.pl
Location
- Skarbiec Holding S.A.
- 26 Lecha Kaczynskiego Street
- Warsaw
- 695
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SKH | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Nov 2014 |
| 0R4C | LSE (London Stock Exchange) | Yes | Common Bearer Shares | GB | PLN | Nov 2014 |
Biography
Skarbiec Holding S.A. creates and manages investment funds in Poland. It also provides securities portfolio management, auxiliary financial, and other financial intermediation services, as well as advisory ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 21:45 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.