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X-Trade Brokers Dom Maklerski

WSE:XTB
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XTB
WSE
PLN481M
Market Cap
  1. Home
  2. PL
  3. Diversified Financials
Company description

X-Trade Brokers Dom Maklerski S.A., together with its subsidiaries, provides currency derivatives, commodities, indices, stocks, and bonds brokerage services in Poland and internationally. The last earnings update was 13 days ago. More info.


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XTB Share Price and Events
7 Day Returns
-3.5%
WSE:XTB
1.7%
PL Capital Markets
1.4%
PL Market
1 Year Returns
-30%
WSE:XTB
-17.3%
PL Capital Markets
-3.2%
PL Market
XTB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
X-Trade Brokers Dom Maklerski (XTB) -3.5% -6.8% -6.8% -30% - -
PL Capital Markets 1.7% -0.5% 3.5% -17.3% -19.5% -48.4%
PL Market 1.4% 1.3% 4.4% -3.2% 13.6% -3.7%
1 Year Return vs Industry and Market
  • XTB underperformed the Capital Markets industry which returned -17.3% over the past year.
  • XTB underperformed the Market in Poland which returned -3.2% over the past year.

XTB Value

 Is X-Trade Brokers Dom Maklerski 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 X-Trade Brokers Dom Maklerski 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 X-Trade Brokers Dom Maklerski.

WSE:XTB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= PLN3.17 * 27.1%
PLN0.86
Book Value of Equity per Share Median Book Value from the past 5 years. PLN3.17
Discount Rate (Cost of Equity) See below 8.9%
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:XTB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 19%) (5.87%))
0.844
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.844 * 7.14%)
8.88%

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

The calculations below outline how an intrinsic value for X-Trade Brokers Dom Maklerski 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:XTB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27.1% – 8.88%) * PLN3.17)
PLN0.58
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= PLN0.58 / (8.88% - 2.85%)
PLN9.61
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= PLN3.17 + PLN9.61
PLN12.78
WSE:XTB Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN12.78
Current discount Discount to share price of PLN4.10
= -1 x (PLN4.10 - PLN12.78) / PLN12.78
67.9%

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

Current Discount
Amount off the current price X-Trade Brokers Dom Maklerski is available for.
Intrinsic value
>50%
Share price is PLN4.1 vs Future cash flow value of PLN12.78
Current Discount Checks
For X-Trade Brokers Dom Maklerski to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • X-Trade Brokers Dom Maklerski's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • X-Trade Brokers Dom Maklerski's share price is below the future cash flow value, and 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 X-Trade Brokers Dom Maklerski's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are X-Trade Brokers Dom Maklerski's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:XTB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.86
WSE:XTB Share Price ** WSE (2019-03-21) in PLN PLN4.1
Poland Capital Markets Industry PE Ratio Median Figure of 18 Publicly-Listed Capital Markets Companies 16.71x
Poland Market PE Ratio Median Figure of 467 Publicly-Listed Companies 10.86x

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

** Primary Listing of X-Trade Brokers Dom Maklerski.

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

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

= 4.1 ÷ 0.86

4.74x

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

  • X-Trade Brokers Dom Maklerski is good value based on earnings compared to the PL Capital Markets industry average.
  • X-Trade Brokers Dom Maklerski is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does X-Trade Brokers Dom Maklerski's expected growth come at a high price?
Raw Data
WSE:XTB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.9%per year
Europe Capital Markets Industry PEG Ratio Median Figure of 57 Publicly-Listed Capital Markets Companies 1.38x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for X-Trade Brokers Dom Maklerski, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on X-Trade Brokers Dom Maklerski's assets?
Raw Data
WSE:XTB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN3.88
WSE:XTB Share Price * WSE (2019-03-21) in PLN PLN4.1
Poland Capital Markets Industry PB Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 0.51x
Poland Market PB Ratio Median Figure of 690 Publicly-Listed Companies 1x
WSE:XTB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.1 ÷ 3.88

1.06x

* Primary Listing of X-Trade Brokers Dom Maklerski.

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

  • X-Trade Brokers Dom Maklerski is overvalued based on assets compared to the PL Capital Markets industry average.
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Value checks
We assess X-Trade Brokers Dom Maklerski'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. X-Trade Brokers Dom Maklerski has a total score of 4/6, 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.

XTB Future Performance

 How is X-Trade Brokers Dom Maklerski expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover X-Trade Brokers Dom Maklerski, future earnings growth has been estimated based on fundamentals.
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
-3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is X-Trade Brokers Dom Maklerski expected to grow at an attractive rate?
  • X-Trade Brokers Dom Maklerski'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
  • X-Trade Brokers Dom Maklerski's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Unable to compare X-Trade Brokers Dom Maklerski's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:XTB Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:XTB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.9%
Poland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average -8.7%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:XTB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:XTB Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
WSE:XTB Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 291 140 101
2018-09-30 324 245 130
2018-06-30 349 245 164
2018-03-31 332 209 142
2017-12-31 276 122 93
2017-09-30 298 65 111
2017-06-30 266 53 84
2017-03-31 230 18 56
2016-12-31 253 56 78
2016-09-30 219 35 44
2016-06-30 272 101 90
2016-03-31 309 109 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • X-Trade Brokers Dom Maklerski's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if X-Trade Brokers Dom Maklerski is high growth as no revenue estimate data is available.
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:XTB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from X-Trade Brokers Dom Maklerski Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:XTB Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
WSE:XTB Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.86
2018-09-30 1.11
2018-06-30 1.40
2018-03-31 1.21
2017-12-31 0.79
2017-09-30 0.95
2017-06-30 0.72
2017-03-31 0.48
2016-12-31 0.66
2016-09-30 0.37
2016-06-30 0.77
2016-03-31 0.86

*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.
  • Unable to establish if X-Trade Brokers Dom Maklerski will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess X-Trade Brokers Dom Maklerski'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.
X-Trade Brokers Dom Maklerski 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.

XTB Past Performance

  How has X-Trade Brokers Dom Maklerski 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 X-Trade Brokers Dom Maklerski's growth in the last year to its industry (Capital Markets).
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.
  • X-Trade Brokers Dom Maklerski's year on year earnings growth rate has been positive over the past 5 years.
  • X-Trade Brokers Dom Maklerski's 1-year earnings growth is less than its 5-year average (9.1% vs 10.7%)
  • X-Trade Brokers Dom Maklerski's earnings growth has exceeded the PL Capital Markets industry average in the past year (9.1% vs -31.8%).
Earnings and Revenue History
X-Trade Brokers Dom Maklerski'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 X-Trade Brokers Dom Maklerski Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:XTB Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 291.45 101.47 117.63
2018-09-30 323.87 129.77 114.93
2018-06-30 349.26 164.02 109.78
2018-03-31 331.85 141.82 105.62
2017-12-31 276.49 92.97 103.97
2017-09-30 297.81 111.12 106.39
2017-06-30 266.38 84.02 107.40
2017-03-31 229.91 56.49 123.49
2016-12-31 253.16 77.71 128.16
2016-09-30 219.22 43.79 129.30
2016-06-30 272.16 90.49 128.76
2016-03-31 309.46 101.05 112.14
2015-12-31 287.82 119.04 102.49
2014-12-31 168.26 77.06 83.99
2013-12-31 110.66 81.93 73.56

*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.
  • X-Trade Brokers Dom Maklerski has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • X-Trade Brokers Dom Maklerski used its assets more efficiently than the PL Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if X-Trade Brokers Dom Maklerski improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess X-Trade Brokers Dom Maklerski'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 Capital Markets 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.
X-Trade Brokers Dom Maklerski 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.

XTB Health

 How is X-Trade Brokers Dom Maklerski'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 X-Trade Brokers Dom Maklerski's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • X-Trade Brokers Dom Maklerski is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • X-Trade Brokers Dom Maklerski's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of X-Trade Brokers Dom Maklerski'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 covered by short term assets, assets are 33.9x 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 X-Trade Brokers Dom Maklerski Company Filings, last reported 2 months ago.

WSE:XTB Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 455.16 28.26 946.17
2018-09-30 489.07 16.30 946.31
2018-06-30 499.29 16.54 952.50
2018-03-31 458.34 19.76 892.92
2017-12-31 400.34 41.03 873.51
2017-09-30 372.42 31.11 873.67
2017-06-30 340.97 27.16 829.90
2017-03-31 361.21 28.73 806.72
2016-12-31 355.89 22.90 761.28
2016-09-30 306.76 9.30 644.88
2016-06-30 307.13 10.53 623.68
2016-03-31 313.76 9.98 669.45
2015-12-31 374.05 10.59 687.72
2014-12-31 335.71 15.21 616.68
2013-12-31 256.54 11.75 484.87
  • X-Trade Brokers Dom Maklerski's level of debt (6.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.6% vs 6.2% today).
  • Debt is well covered by operating cash flow (493.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on X-Trade Brokers Dom Maklerski's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess X-Trade Brokers Dom Maklerski'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. X-Trade Brokers Dom Maklerski has a total score of 4/6, 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.

XTB Dividends

 What is X-Trade Brokers Dom Maklerski'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
8.54%
Current annual income from X-Trade Brokers Dom Maklerski dividends.
If you bought PLN2,000 of X-Trade Brokers Dom Maklerski shares you are expected to receive PLN171 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?
  • X-Trade Brokers Dom Maklerski's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.6%).
  • X-Trade Brokers Dom Maklerski's dividend is above the markets top 25% of dividend payers in Poland (7.54%).
Upcoming dividend payment

Purchase X-Trade Brokers Dom Maklerski on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:XTB 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 0 Analyst Estimates (S&P Global) See Below
Poland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 7.2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 207 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.6%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:XTB Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
WSE:XTB Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-11-08 0.350 7.778
2018-10-26 0.350 7.416
2018-08-23 0.350 6.960
2018-08-06 0.350 5.609
2018-05-10 0.000 0.000
2018-04-24 0.000 0.000
2018-03-07 0.000 0.000
2018-02-02 0.000 0.000
2017-03-20 0.320 5.717
2016-11-14 0.000 0.000
2016-08-25 0.000 0.000
2016-08-16 0.000 0.000
2016-05-16 0.000 0.000
2016-05-06 0.000 0.000

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

  • Whilst dividend payments have been stable, X-Trade Brokers Dom Maklerski has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but X-Trade Brokers Dom Maklerski only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of X-Trade Brokers Dom Maklerski's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess X-Trade Brokers Dom Maklerski's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 X-Trade Brokers Dom Maklerski afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. X-Trade Brokers Dom Maklerski has a total score of 3/6, see the detailed checks below.


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

XTB Management

 What is the CEO of X-Trade Brokers Dom Maklerski'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
Omar Arnaout
COMPENSATION PLN687,000
TENURE AS CEO 2 years
CEO Bio

Mr. Omar Arnaout serves as President of the Management Board and Chief Executive Officer at X-Trade Brokers Dom Maklerski S.A. since March 23, 2017. He served as a Vice President of the Management Board since January 17, 2017 until March 23, 2017. Mr. Arnaout serves as Vice President of Sales at X-Trade Brokers Dom Maklerski S.A. and has been its Member of the Management Board since January 17, 2017 until March 23, 2017. Mr. Arnaout has been associated with X-Trade Brokers Dom Maklersk since January 2007 and served as its Sales Dealer from 2007 to 2009. From 2009 to 2010, he worked as the deputy director of the Romanian branch of XTB and from 2010 to 2012 as deputy director of the Italian branch of XTB. From 2012 to 2014, Mr. Arnaout worked as the director of the foreign branches office at Noble Securities Dom Maklerski S.A. and since 2014, he also worked as Sales Director and Chairman of the Management Board of xStore sp. z o. o. From 2014 to 2016, he held the position of the Retail Sales Director in XTB Limited in the UK and in 2016 he became the regional director of XTB for Poland, Hungary, Germany and Romania. Mr. Arnaout graduated in 2005 with a Master’s Degree from the Warsaw School of Economics – Banking and Finance.

CEO Compensation
  • Omar's compensation has increased by more than 20% in the past year.
  • Omar's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the X-Trade Brokers Dom Maklerski management team in years:

2
Average Tenure
  • The tenure for the X-Trade Brokers Dom Maklerski management team is about average.
Management Team

Omar Arnaout

TITLE
Chairman of the Management Board & CEO
COMPENSATION
PLN687K
TENURE
2 yrs

Pawel Szejko

TITLE
CFO & Member of the Management Board
COMPENSATION
PLN551K
TENURE
4.4 yrs

Filip Kaczmarzyk

TITLE
Director of Trading Department & Member of the Management Board
COMPENSATION
PLN652K
TENURE
2.2 yrs

Jakub Kubacki

TITLE
Member of the Management Board
COMPENSATION
PLN158K
TENURE
0.7 yrs

Andrzej Przybylski

TITLE
Member of Management Board
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure of the X-Trade Brokers Dom Maklerski board of directors in years:

3.3
Average Tenure
  • The tenure for the X-Trade Brokers Dom Maklerski board of directors is about average.
Board of Directors

Jakub Leonkiewicz

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN39K
TENURE
1.8 yrs

Grzegorz Grabowicz

TITLE
Member of the Supervisory Board
COMPENSATION
PLN6K
AGE
45
TENURE
0.3 yrs

Lukasz Baszczynski

TITLE
Member of the Supervisory Board
COMPENSATION
PLN26K
TENURE
3.3 yrs

Jaroslaw Jasik

TITLE
Member of the Supervisory Board
COMPENSATION
PLN26K
TENURE
3.3 yrs

Bartosz Zablocki

TITLE
Member of the Supervisory Board
COMPENSATION
PLN26K
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess X-Trade Brokers Dom Maklerski'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. X-Trade Brokers Dom Maklerski 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.

XTB News

Simply Wall St News

Is X-Trade Brokers Dom Maklerski S.A. (WSE:XTB) A Smart Choice For Dividend Investors?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Let's dig deeper into whether X-Trade Brokers Dom Maklerski should have a place in your portfolio. … Check out our latest analysis for X-Trade Brokers Dom Maklerski

Simply Wall St -

Does X-Trade Brokers Dom Maklerski SA's (WSE:XTB) PE Ratio Warrant A Buy?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … X-Trade Brokers Dom Maklerski SA (WSE:XTB) trades with a trailing P/E of 4.4x, which is lower than the industry average of 9x. … View our latest analysis for X-Trade Brokers Dom Maklerski

Simply Wall St -

Should X-Trade Brokers Dom Maklerski SA (WSE:XTB) Be Part Of Your Dividend Portfolio?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … X-Trade Brokers Dom Maklerski SA (WSE:XTB) has returned to shareholders over the past 2 years, an average dividend yield of 7.00% annually. … Let's dig deeper into whether X-Trade Brokers Dom Maklerski should have a place in your portfolio.

Simply Wall St -

Should You Be Tempted To Buy X-Trade Brokers Dom Maklerski SA. (WSE:XTB) Because Of Its PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for XTB Price per share = PLN6 Earnings per share = PLN0.792 ∴ Price-Earnings Ratio = PLN6 ÷ PLN0.792 = 7.6x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as XTB, such as size and country of operation.

Simply Wall St -

Was X-Trade Brokers Dom Maklerski SA.'s (WSE:XTB) Earnings Growth Better Than The Industry's?

View our latest analysis for X-Trade Brokers Dom Maklerski How XTB fared against its long-term earnings performance and its industry I look at the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these figures may be fairly myopic, I’ve estimated an annualized five-year figure for X-Trade Brokers Dom Maklerski's earnings, which stands at ZŁ85.06M This means on average, X-Trade Brokers Dom Maklerski has been able to consistently raise its bottom line over the past few years as well. … This shows that whatever uplift the industry is deriving benefit from, X-Trade Brokers Dom Maklerski is able to amplify this to its advantage.What does this mean?

Simply Wall St -

XTB Company Info

Description

X-Trade Brokers Dom Maklerski S.A., together with its subsidiaries, provides currency derivatives, commodities, indices, stocks, and bonds brokerage services in Poland and internationally. It operates through two segments, Retail and Institutional. The company offers its services through xStation and MetaTrader 4 trading platforms to retail and institutional clients. In addition, it offers investment consulting, and trading derivatives and intermediation services; and trade infrastructure to entities, which in turn provide services of trading in financial instruments for their own customers under their own brand. The company was incorporated in 2002 and is headquartered in Warsaw, Poland. X-Trade Brokers Dom Maklerski S.A. is a subsidiary of XXZW Investment Group S.A.

Details
Name: X-Trade Brokers Dom Maklerski S.A.
XTB
Exchange: WSE
Founded: 2002
PLN481,272,903
117,383,635
Website: http://www.xtb.pl
Address: X-Trade Brokers Dom Maklerski S.A.
Biurowiec A,
VII pietro,
Warsaw,
00-876,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE XTB Common Bearer Shares Warsaw Stock Exchange PL PLN 06. May 2016
LSE 0RGR Common Bearer Shares London Stock Exchange GB PLN 06. May 2016
Number of employees
Current staff
Staff numbers
426
X-Trade Brokers Dom Maklerski employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 22:56
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2018/03/07
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
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.