WSE:MLK

Stock Analysis Report

Executive Summary

Milkiland N.V. produces and distributes dairy products in the European Union and CIS countries.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.3%

MLK

0.2%

PL Food

-0.2%

PL Market


1 Year Return

-21.4%

MLK

1.0%

PL Food

-7.6%

PL Market

Return vs Industry: MLK underperformed the Polish Food industry which returned 1% over the past year.

Return vs Market: MLK underperformed the Polish Market which returned -7.6% over the past year.


Shareholder returns

MLKIndustryMarket
7 Day-8.3%0.2%-0.2%
30 Day-4.3%3.0%-1.0%
90 Day46.7%14.4%0.5%
1 Year-21.4%-21.4%4.0%1.0%-4.8%-7.6%
3 Year-82.1%-82.1%-27.7%-31.7%-7.2%-13.8%
5 Year-86.1%-86.1%43.4%24.8%2.0%-10.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Milkiland 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: MLK (PLN0.44) is trading below our estimate of fair value (PLN4.81)

Significantly Below Fair Value: MLK is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MLK has negative assets, so we can't compare its PB Ratio to the PL Food industry average.


Next Steps

Future Growth

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

6.9%

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 Milkiland 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 Milkiland performed over the past 5 years?

32.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLK is currently unprofitable.

Growing Profit Margin: MLK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MLK is unprofitable, but has reduced losses over the past 5 years at a rate of 32.9% per year.

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

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


Return on Equity

High ROE: MLK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Milkiland's financial position?


Financial Position Analysis

Short Term Liabilities: MLK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MLK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MLK has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MLK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: MLK has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MLK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MLK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.6% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MLK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MLK is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MLK's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

10.5yrs

Average management tenure


CEO

Anatoliy Yurkevych (51yo)

7.7yrs

Tenure

€5,000

Compensation

Mr. Anatoliy Yurkevych, Ph.D. founded Milkiland NV and has been its Chief Executive Officer since June 22, 2012 and Executive Director since August 28, 2007. Mr. Yurkevych served as the Chairman of the Bo ...


CEO Compensation Analysis

Compensation vs Market: Anatoliy's total compensation ($USD5.40K) is below average for companies of similar size in the Polish market ($USD155.78K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anatoliy Yurkevych
Founder7.7yrs€5.00kno data
Olga Yurkevich
Chief Production Officer & Executive Director12.5yrs€25.00kno data
Olga Stepanenko
Technology Product Quality and Sanitation Manager0yrsno datano data
Raisa Gritsenko
Head of Human Resources11.1yrsno datano data
Bogdan Cheremkha
Head of Agricultural Division9.8yrsno datano data
Volodymyr Zhuravel
Chief Supply Chain Officer0yrsno datano data
Tatiana Garanko
Group Head of Treasury16.1yrsno datano data
Sergey Trifonov
Investor Relations Officer0yrsno datano data

10.5yrs

Average Tenure

60.5yo

Average Age

Experienced Management: MLK's management team is seasoned and experienced (10.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anatoliy Yurkevych
Founder7.7yrs€5.00kno data
Olga Yurkevich
Chief Production Officer & Executive Director12.5yrs€25.00kno data
Willem van Walt Meijer
Non–Executive Director9.2yrs€68.19kno data
Vyacheslav Rekov
Non-Executive Director12.5yrs€30.00k5% 687.6k
Oleg Rozhko
Chairman of the Board of Directors7.7yrs€30.00kno data
Pavlo Sheremeta
Non-Executive Director2.7yrs€25.00kno data

10.8yrs

Average Tenure

49.5yo

Average Age

Experienced Board: MLK's board of directors are seasoned and experienced ( 10.8 years average tenure).


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

Milkiland N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Milkiland N.V.
  • Ticker: MLK
  • Exchange: WSE
  • Founded: 1994
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł13.750m
  • Shares outstanding: 31.25m
  • Website: https://www.milkiland.nl

Number of Employees


Location

  • Milkiland N.V.
  • 9 Boryspilska Street
  • Office 303
  • Kyiv
  • 2090
  • Ukraine

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLKWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNDec 2010
0P32LSE (London Stock Exchange)YesOrdinary SharesGBPLNDec 2010

Biography

Milkiland N.V. produces and distributes dairy products in the European Union and CIS countries. It operates through Cheese & Butter, Whole-Milk, and Ingredients segments. The company offers hard, mould, fresh, processed, and creamy cheeses; dairy drinks, including sterilized and pasteurized milk, kefir, and ryazhenka; cream, sour cream, and tvorog; drinkable and spoonable bio yoghurts; and private label products for various retailers. It also provides butter to industrial customers, such as confectioneries, bakeries, etc.; skimmed milk powder; demineralized, sweet, and demineralized sweet whey powder; whole milk powder; whey protein concentrate; and demineralized permeate whey powder. In addition, the company exports dairy products to approximately 30 countries. Milkiland N.V. markets its products under the Dobryana, Ostankinskoye, and Ostrowia brands. The company was founded in 1994 and is based in Kyiv, Ukraine. Milkiland N.V. is a subsidiary of 1, Inc. Cooperatief U.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:02
End of Day Share Price2020/02/20 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.