WSE:SMS

Stock Analysis Report

Executive Summary

SMS Kredyt Holding S.A. provides loans to individuals in Poland.

Snowflake

Fundamentals

Fair value unattractive dividend payer.

Share Price & News

How has SMS Kredyt Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

SMS

-10.0%

PL Consumer Finance

1.5%

PL Market


1 Year Return

-59.3%

SMS

-35.2%

PL Consumer Finance

-3.1%

PL Market

Return vs Industry: SMS underperformed the Polish Consumer Finance industry which returned -35.2% over the past year.

Return vs Market: SMS underperformed the Polish Market which returned -3.1% over the past year.


Share holder returns

SMSIndustryMarket
7 Day1.2%-10.0%1.5%
30 Day-14.6%-19.3%-2.1%
90 Day-20.5%-33.0%-7.7%
1 Year-59.3%-59.3%-33.4%-35.2%-0.2%-3.1%
3 Year-73.5%-79.0%-37.8%-41.2%12.0%4.0%
5 Year10.6%-12.5%22.2%13.8%0.2%-11.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SMS Kredyt Holding undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: SMS (PLN0.35) is trading below our estimate of fair value (PLN3.63)

Significantly Undervalued: SMS is trading below fair value by more than 20%.


Price Based on Earnings

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

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: SMS is good value based on its PB Ratio (0.3x) compared to the PL Consumer Finance industry average (0.6x).


Next Steps

Future Growth

How is SMS Kredyt Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SMS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SMS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SMS is forecast to remain unprofitable over the next 3 years.

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

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


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has SMS Kredyt Holding performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SMS is unprofitable, but has reduced losses over the past 5 years at a rate of 1.7% per year.

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

Earnings vs Industry: SMS is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (7.8%).


Return on Equity

High ROE: SMS has a negative Return on Equity (-11.94%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SMS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SMS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SMS Kredyt 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: SMS has a low level of unsold assets or inventory.

Debt Coverage by Assets: SMS's debt is covered by short term assets (assets are 1.169650x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is SMS Kredyt Holding's current dividend yield, its reliability and sustainability?

28.57%

Current Dividend Yield


Dividend Yield vs Market

company28.6%marketbottom25%2.6%markettop25%7.3%industryaverage5.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: SMS's dividend (28.57%) is higher than the bottom 25% of dividend payers in the Polish market (2.64%).

High Dividend: SMS's dividend (28.57%) is in the top 25% of dividend payers in the Polish market (7.33%)

Stable Dividend: SMS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SMS has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: SMS is paying a dividend but the company is unprofitable.


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 SMS Kredyt Holding's salary, the management and board of directors tenure and is there insider trading?


CEO

Michal Stanioch 0

0yrs

Tenure

0

Mr. Michal Stanioch serves as President of the Management Board at SMS Kredyt Holding 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

  • Daniel Meniów

    Member of Management Board

    • Tenure: 4.8yrs
  • Michal Stanioch

    President of Management Board

    • Tenure: 0yrs
  • Krzysztof Nadolski

    Member of Management Board

    • Tenure: 0yrs
  • Wioletta Bartkowiak

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Tadeusz Uchmanowicz

    Member of Supervisory Board

    • Tenure: 0yrs
  • Jakub Urbanski

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Malgorzata Urbanska-Lach

    Member of Supervisory Board

    • Tenure: 0yrs
  • Jaroslaw Olejarz

    Member of Supervisory Board

    • Tenure: 0yrs
  • Tomasz Kecerski

    Member of Supervisory Board

    • Tenure: 0yrs
  • Karolina Lach-Guziak

    Member of Supervisory Board

    • Tenure: 0yrs
  • Jaroslaw Lenart

    Member of Supervisory Board

    • Tenure: 4.7yrs

Company Information

SMS Kredyt Holding S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SMS Kredyt Holding S.A.
  • Ticker: SMS
  • Exchange: WSE
  • Founded: 2007
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: zł5.193m
  • Shares outstanding: 14.84m
  • Website: https://www.smskredytholding.pl

Location

  • SMS Kredyt Holding S.A.
  • ul. St. Mikolaja 8-11
  • Wroclaw
  • 50-125
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMSWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 2011

Biography

SMS Kredyt Holding S.A. provides loans to individuals in Poland. Its loan products are distributed through the exchange of SMS messages, Website, telephone, and cooperation with credit bureaus. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:12
End of Day Share Price2019/10/10 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.

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