WSE:MAK

Stock Analysis Report

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Market Cap

zł64.4m

Last Updated

2021/07/27 22:00 UTC

Data Sources

Company Financials

Executive Summary

Makarony Polskie S.A., together with its subsidiaries, manufactures and sells egg-made, extruded, and functional pasta products for various consumers primarily in Poland. More Details


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has Makarony Polskie's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAK is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MAK's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

MAK

-1.3%

PL Food

-0.2%

PL Market


1 Year Return

23.2%

MAK

40.3%

PL Food

23.5%

PL Market

Return vs Industry: MAK underperformed the Polish Food industry which returned 40.9% over the past year.

Return vs Market: MAK matched the Polish Market which returned 23.8% over the past year.


Shareholder returns

MAKIndustryMarket
7 Day1.2%-1.3%-0.2%
30 Day-4.9%-8.6%-2.2%
90 Day-1.7%0.8%6.9%
1 Year34.1%23.2%45.3%40.3%25.9%23.5%
3 Year76.1%45.0%21.4%11.1%11.3%5.2%
5 Year35.8%7.2%7.4%-3.9%32.3%19.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Makarony Polskie undervalued compared to its fair value and its price relative to the market?

8.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAK (PLN6.96) is trading above our estimate of fair value (PLN6.77)

Significantly Below Fair Value: MAK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAK is good value based on its PE Ratio (9x) compared to the Polish Food industry average (9.6x).

PE vs Market: MAK is good value based on its PE Ratio (9x) compared to the Polish market (14.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAK is good value based on its PB Ratio (0.7x) compared to the PL Food industry average (0.9x).


Future Growth

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

8.2%

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 Makarony Polskie 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.


Past Performance

How has Makarony Polskie performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAK has high quality earnings.

Growing Profit Margin: MAK's current net profit margins (4.1%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: MAK's earnings have grown by 2.3% per year over the past 5 years.

Accelerating Growth: MAK's earnings growth over the past year (75.1%) exceeds its 5-year average (2.3% per year).

Earnings vs Industry: MAK earnings growth over the past year (75.1%) underperformed the Food industry 84.1%.


Return on Equity

High ROE: MAK's Return on Equity (8.2%) is considered low.


Financial Health

How is Makarony Polskie's financial position?


Financial Position Analysis

Short Term Liabilities: MAK's short term assets (PLN50.0M) do not cover its short term liabilities (PLN53.4M).

Long Term Liabilities: MAK's short term assets (PLN50.0M) exceed its long term liabilities (PLN40.6M).


Debt to Equity History and Analysis

Debt Level: MAK's debt to equity ratio (29.4%) is considered satisfactory.

Reducing Debt: MAK's debt to equity ratio has increased from 28.7% to 29.4% over the past 5 years.

Debt Coverage: MAK's debt is well covered by operating cash flow (51.9%).

Interest Coverage: MAK's interest payments on its debt are well covered by EBIT (28.2x coverage).


Balance Sheet


Dividend

What is Makarony Polskie current dividend yield, its reliability and sustainability?

4.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAK's dividend (4.31%) is higher than the bottom 25% of dividend payers in the Polish market (2.03%).

High Dividend: MAK's dividend (4.31%) is low compared to the top 25% of dividend payers in the Polish market (5.95%).


Stability and Growth of Payments

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

Growing Dividend: MAK's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.6%), MAK's dividend payments are 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

How experienced are the management team and are they aligned to shareholders interests?

zł788k

CEO Compensation


CEO

Zenon Danilowski

9.17yrs

Tenure

zł788,000

Compensation

Mr. Zenon Danilowski has been the President of the Management Board AGRO-TECHNIKA Joint-Stock Co. since 1991. Mr. Danilowski has been President and Member of Management Board at Makarony Polskie S.A. since...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Zenon's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Zenon's compensation has been consistent with company performance over the past year.


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

Makarony Polskie S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Makarony Polskie S.A.
  • Ticker: MAK
  • Exchange: WSE
  • Founded: NaN
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł64.380m
  • Shares outstanding: 9.25m
  • Website: https://makarony.pl

Number of Employees


Location

  • Makarony Polskie S.A.
  • ul. Podkarpacka 15a
  • Rzeszów
  • 35-082
  • Poland

Listings


Biography

Makarony Polskie S.A., together with its subsidiaries, manufactures and sells egg-made, extruded, and functional pasta products for various consumers primarily in Poland. The company offers pastas produced...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 22:00
End of Day Share Price2021/07/27 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.