WSE:BDG

Stock Analysis Report

Executive Summary

Broad Gate S.A. operates as an agriculture company primarily in Poland.

Rewards

PE ratio (3.2x) is below the Polish market (11.6x)

Became profitable this year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap (PLN3M)

Highly volatile share price over past 3 months



Snowflake Analysis

Fair value with questionable track record.

Share Price & News

How has Broad Gate's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

BDG

-1.7%

PL Food

-0.7%

PL Market


1 Year Return

-23.8%

BDG

-4.5%

PL Food

-7.8%

PL Market

Return vs Industry: BDG underperformed the Polish Food industry which returned -0.1% over the past year.

Return vs Market: BDG underperformed the Polish Market which returned -4.3% over the past year.


Shareholder returns

BDGIndustryMarket
7 Day0%-1.7%-0.7%
30 Day-27.4%3.3%1.5%
90 Day-10.9%7.9%0.7%
1 Year-23.8%-23.8%-1.7%-4.5%-4.9%-7.8%
3 Year-74.6%-74.6%-28.3%-32.3%0.5%-6.8%
5 Year-54.8%-54.8%36.1%18.3%5.4%-7.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Broad Gate undervalued compared to its fair value and its price relative to the market?

2.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: BDG is good value based on its PE Ratio (3.2x) compared to the Food industry average (7.7x).

PE vs Market: BDG is good value based on its PE Ratio (3.2x) compared to the Polish market (11.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BDG is good value based on its PB Ratio (0.1x) compared to the PL Food industry average (0.7x).


Next Steps

Future Growth

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

8.8%

Forecasted Food, Beverage & Tobacco 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 Broad Gate 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 Broad Gate performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDG has a high level of non-cash earnings.

Growing Profit Margin: BDG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BDG's earnings have grown by 11.7% per year over the past 5 years.

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

Earnings vs Industry: BDG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (14.7%).


Return on Equity

High ROE: BDG's Return on Equity (2.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Broad Gate's financial position?


Financial Position Analysis

Short Term Liabilities: BDG's short term assets (PLN35.5M) do not cover its short term liabilities (PLN42.3M).

Long Term Liabilities: BDG's short term assets (PLN35.5M) exceed its long term liabilities (PLN8.5M).


Debt to Equity History and Analysis

Debt Level: BDG's debt to equity ratio (18.6%) is considered satisfactory.

Reducing Debt: BDG's debt to equity ratio has increased from 7.1% to 18.6% over the past 5 years.

Debt Coverage: BDG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BDG's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: BDG's debt is covered by short term assets (assets are 4.3x debt).


Next Steps

Dividend

What is Broad Gate's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.7%industryaverage3.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BDG'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 BDG'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 Broad Gate's salary, the management and board of directors tenure and is there insider trading?


CEO

Broad Gate has no CEO, or we have no data on them.


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

  • Alec Fesenko

    Chairman of Managing Board

    • Natalia Shpagina

      Senior Vice President


      Board Members

      • Brett Duffy

        Member of Supervisory Board

        • John Shmorhun

          Member of Supervisory Board

          • Wade Barnes

            Member of Supervisory Board

            • Viktor Semyonov

              Member of Supervisory Board

              Company Information

              Broad Gate S.A.'s company bio, employee growth, exchange listings and data sources


              Key Information

              • Name: Broad Gate S.A.
              • Ticker: BDG
              • Exchange: WSE
              • Founded:
              • Industry: Agricultural Products
              • Sector: Food, Beverage & Tobacco
              • Market Cap: zł2.995m
              • Shares outstanding: 12.28m
              • Website: https://www.broadgate.pl

              Location

              • Broad Gate S.A.
              • ul. Bagno 2 lok. 212
              • Warsaw
              • 00-112
              • Poland

              Listings

              TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
              BDGWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNFeb 2011

              Biography

              Broad Gate S.A. operates as an agriculture company primarily in Poland. Its activities include grain origination and custom farming; land acquisition and development; and running supply chains of specialty grains and healthy oils. The company produces cooking oils, such as omega-9 canola and sunflower oils for commercial food and industrial customers. It also distributes crop inputs, as well as crop protection products and fertilizers to crop protection manufacturers; and provides agronomy, operations, and marketing services to agricultural enterprises and land holders in Poland, and the Central Black Earth and Volga regions of Russia. The company is based in Warsaw, Poland. 


              Company Analysis and Financial Data Status

              All financial data provided by Standard & Poor's Capital IQ.
              DataLast Updated (UTC time)
              Company Analysis2020/01/22 22:05
              End of Day Share Price2020/01/15 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.