Loading...

Milkiland

WSE:MLK
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MLK
WSE
PLN13M
Market Cap
  1. Home
  2. PL
  3. Food, Beverage & Tobacco
Company description

Milkiland N.V. produces and distributes dairy products in the European Union and CIS countries. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Milkiland has significant price volatility in the past 3 months.
MLK Share Price and Events
7 Day Returns
17.6%
WSE:MLK
-0.3%
PL Food
-0.3%
PL Market
1 Year Returns
-67.5%
WSE:MLK
-14.5%
PL Food
-0.1%
PL Market
MLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Milkiland (MLK) 17.6% -25.2% -28.3% -67.5% -76.5% -94.4%
PL Food -0.3% -3.5% -8.4% -14.5% -17.3% -5.6%
PL Market -0.3% 2.9% -4.7% -0.1% 13.4% -9.1%
1 Year Return vs Industry and Market
  • MLK underperformed the Food industry which returned -14.5% over the past year.
  • MLK underperformed the Market in Poland which returned -0.1% over the past year.
Price Volatility
MLK
Industry
5yr Volatility vs Market
Related Companies

MLK Value

 Is Milkiland 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 Milkiland 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 Milkiland.

WSE:MLK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.8%
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:MLK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 18%) (3004.48%))
9.697
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (2 * 5.96%)
14.77%

Discounted Cash Flow Calculation for WSE:MLK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Milkiland is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:MLK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.77%)
2019 4.89 Est @ -1.01% 4.26
2020 4.89 Est @ 0.15% 3.72
2021 4.94 Est @ 0.96% 3.27
2022 5.02 Est @ 1.53% 2.89
2023 5.11 Est @ 1.92% 2.57
2024 5.23 Est @ 2.2% 2.29
2025 5.35 Est @ 2.4% 2.04
2026 5.49 Est @ 2.53% 1.82
2027 5.63 Est @ 2.63% 1.63
2028 5.78 Est @ 2.69% 1.46
Present value of next 10 years cash flows €25.94
WSE:MLK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €5.78 × (1 + 2.85%) ÷ (14.77% – 2.85%)
€49.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €49.89 ÷ (1 + 14.77%)10
€12.58
WSE:MLK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €25.94 + €12.58
€38.52
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €38.52 / 31.25
€1.23
WSE:MLK Discount to Share Price
Calculation Result
Exchange Rate EUR/PLN
(Reporting currency to currency of WSE:MLK)
4.261
Value per Share
(PLN)
= Value per Share in EUR x Exchange Rate (EUR/PLN)
= €1.23 x 4.261
PLN5.25
Value per share (PLN) From above. PLN5.25
Current discount Discount to share price of PLN0.40
= -1 x (PLN0.40 - PLN5.25) / PLN5.25
92.4%

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

Current Discount
Amount off the current price Milkiland is available for.
Intrinsic value
>50%
Share price is PLN0.4 vs Future cash flow value of PLN5.25
Current Discount Checks
For Milkiland to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Milkiland's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Milkiland'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 Milkiland's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Milkiland's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:MLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-0.83
WSE:MLK Share Price ** WSE (2019-06-18) in PLN PLN0.4
WSE:MLK Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.235 €0.09
Poland Food Industry PE Ratio Median Figure of 20 Publicly-Listed Food Companies 8.03x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.82x

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

** Primary Listing of Milkiland.

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

= WSE:MLK Share Price ÷ EPS (both in EUR)

= 0.09 ÷ -0.83

-0.11x

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

  • Milkiland is loss making, we can't compare its value to the PL Food industry average.
  • Milkiland is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Milkiland's expected growth come at a high price?
Raw Data
WSE:MLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.76x
Poland Market PEG Ratio Median Figure of 109 Publicly-Listed Companies 1.05x

*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 Milkiland, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Milkiland's assets?
Raw Data
WSE:MLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €-0.25
WSE:MLK Share Price * WSE (2019-06-18) in PLN PLN0.4
WSE:MLK Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.235 €0.09
Poland Food Industry PB Ratio Median Figure of 26 Publicly-Listed Food Companies 0.83x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.97x
WSE:MLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:MLK Share Price ÷ Book Value per Share (both in EUR)

= 0.09 ÷ -0.25

-0.37x

* Primary Listing of Milkiland.

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

  • Milkiland has negative assets, we can't compare the value of its assets to the PL Food industry average.
X
Value checks
We assess Milkiland'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Milkiland has a total score of 2/6, 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.

MLK Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.2%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Milkiland expected to grow at an attractive rate?
  • Unable to compare Milkiland's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Milkiland's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Milkiland's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:MLK Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Food Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Food Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*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:MLK 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 EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:MLK Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
WSE:MLK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 132 7 -26
2018-12-31 133 3 -20
2018-09-30 133 6 -26
2018-06-30 132 6 -12
2018-03-31 134 7 -6
2017-12-31 140 11 -8
2017-09-30 140 12 -10
2017-06-30 147 14 -22
2017-03-31 147 13 -21
2016-12-31 147 10 -39
2016-09-30 158 4 -60
2016-06-30 168 -9 -64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Milkiland is high growth as no earnings estimate data is available.
  • Unable to determine if Milkiland 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:MLK 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 Milkiland Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MLK Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
WSE:MLK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -0.83
2018-12-31 -0.64
2018-09-30 -0.82
2018-06-30 -0.37
2018-03-31 -0.21
2017-12-31 -0.25
2017-09-30 -0.31
2017-06-30 -0.71
2017-03-31 -0.68
2016-12-31 -1.24
2016-09-30 -1.91
2016-06-30 -2.05

*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 Milkiland will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MLK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Milkiland's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Milkiland's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Milkiland'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 Poland 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.
Milkiland 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.

MLK Past Performance

  How has Milkiland 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 Milkiland's growth in the last year to its industry (Food).
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.
  • Milkiland does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Milkiland's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Milkiland's 1-year growth to the PL Food industry average as it is not currently profitable.
Earnings and Revenue History
Milkiland'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 Milkiland Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MLK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 132.02 -26.09 22.83
2018-12-31 132.60 -20.03 22.55
2018-09-30 133.48 -25.56 19.92
2018-06-30 132.13 -11.63 19.94
2018-03-31 133.58 -6.49 20.30
2017-12-31 140.41 -7.67 22.06
2017-09-30 139.55 -9.56 23.32
2017-06-30 147.25 -22.32 24.48
2017-03-31 147.21 -21.29 25.38
2016-12-31 146.76 -38.80 24.59
2016-09-30 158.14 -59.72 25.60
2016-06-30 167.74 -63.95 26.01
2016-03-31 181.23 -54.28 26.40
2015-12-31 191.45 -72.81 28.74
2015-09-30 210.92 -75.13 33.41
2015-06-30 236.61 -68.96 37.25
2015-03-31 258.12 -82.24 41.35
2014-12-31 288.73 -71.84 46.65
2014-09-30 319.78 -34.01 50.91
2014-06-30 339.60 -20.89 55.98
2014-03-31 347.19 -14.34 58.06
2013-12-31 340.97 10.84 60.04
2013-09-30 325.66 11.71 61.09
2013-06-30 304.06 12.12 58.42
2013-03-31 290.41 11.74 57.12
2012-12-31 287.01 12.77 53.43
2012-09-30 285.09 12.16 48.26
2012-06-30 286.37 13.52 48.96

*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.
  • It is difficult to establish if Milkiland has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Milkiland has efficiently used its assets last year compared to the PL Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Milkiland improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Milkiland'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 Food 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.
Milkiland has a total score of 0/6, 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.

MLK Health

 How is Milkiland'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 Milkiland's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Milkiland's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Milkiland's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Milkiland'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.
  • High level of physical assets or inventory.
  • Milkiland has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Milkiland Company Filings, last reported 2 months ago.

WSE:MLK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -6.66 88.15 14.07
2018-12-31 -5.20 85.96 0.33
2018-09-30 2.10 86.19 10.88
2018-06-30 10.65 87.53 11.07
2018-03-31 12.45 84.73 1.07
2017-12-31 12.92 86.56 1.42
2017-09-30 1.62 87.53 10.75
2017-06-30 5.53 93.27 1.46
2017-03-31 5.39 99.13 11.44
2016-12-31 6.91 102.29 1.04
2016-09-30 20.60 103.90 13.18
2016-06-30 26.48 107.65 12.37
2016-03-31 26.99 103.49 10.65
2015-12-31 35.94 107.47 0.91
2015-09-30 49.41 105.53 31.46
2015-06-30 65.72 105.51 29.82
2015-03-31 59.07 110.76 10.15
2014-12-31 94.59 101.92 10.61
2014-09-30 116.17 106.93 29.42
2014-06-30 124.30 110.05 28.20
2014-03-31 128.65 109.98 29.00
2013-12-31 175.44 103.76 13.76
2013-09-30 177.86 112.17 30.67
2013-06-30 177.49 106.55 13.78
2013-03-31 183.03 99.63 18.10
2012-12-31 178.69 96.95 26.64
2012-09-30 178.08 99.61 29.26
2012-06-30 175.40 86.02 32.44
  • Milkiland has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Milkiland's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Milkiland has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Milkiland has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -47% per year.
X
Financial health checks
We assess Milkiland'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. Milkiland has a total score of 3/6, 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.

MLK Dividends

 What is Milkiland'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
0%
Current annual income from Milkiland dividends.
If you bought PLN2,000 of Milkiland shares you are expected to receive PLN0 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?
  • Unable to evaluate Milkiland's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Milkiland's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:MLK 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.5%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

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

WSE:MLK Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
WSE:MLK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2015-04-30 0.070 19.153
2014-09-01 0.070 11.598
2014-04-30 0.070 4.901
2013-04-30 0.080 3.166

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

  • Unable to perform a dividend volatility check as Milkiland has not reported any payouts.
  • Unable to verify if Milkiland's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Milkiland's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Milkiland has not reported any payouts.
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 Milkiland's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Milkiland afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Milkiland has a total score of 0/6, see the detailed checks below.


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

MLK Management

 What is the CEO of Milkiland'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
Anatoliy Yurkevych
COMPENSATION €5,000
AGE 50
TENURE AS CEO 7 years
CEO Bio

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 Board at Milkiland NV since August 28, 2007. Mr. Yukevych is a Co-Owner of 1, Inc. He is a board member of several successful companies such as City-State, Krai and Bankcomzvyazok. He holds Ph.D. in Information and Technology.

CEO Compensation
  • Anatoliy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Anatoliy's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure and age of the Milkiland management team in years:

9.8
Average Tenure
59.5
Average Age
  • The average tenure for the Milkiland management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anatoliy Yurkevych

TITLE
Founder
COMPENSATION
€5K
AGE
50
TENURE
7 yrs

Olga Yurkevich

TITLE
Chief Production Officer & Executive Director
COMPENSATION
€25K
AGE
72

Olga Stepanenko

TITLE
Technology Product Quality and Sanitation Manager
AGE
58

Raisa Gritsenko

TITLE
Head of Human Resources
AGE
61
TENURE
10.4 yrs

Bogdan Cheremkha

TITLE
Head of Agricultural Division
AGE
61
TENURE
9.2 yrs

Volodymyr Zhuravel

TITLE
Chief Supply Chain Officer
AGE
44

Tatiana Garanko

TITLE
Group Head of Treasury
TENURE
15.4 yrs

Sergey Trifonov

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Milkiland board of directors in years:

8.5
Average Tenure
50
Average Age
  • The tenure for the Milkiland board of directors is about average.
Board of Directors

Oleg Rozhko

TITLE
Chairman of the Board of Directors
COMPENSATION
€30K
AGE
41
TENURE
7 yrs

Anatoliy Yurkevych

TITLE
Founder
COMPENSATION
€5K
AGE
50
TENURE
11.8 yrs

Olga Yurkevich

TITLE
Chief Production Officer & Executive Director
COMPENSATION
€25K
AGE
72
TENURE
11.8 yrs

Willem van Walt Meijer

TITLE
Non–Executive Director
COMPENSATION
€68K
AGE
60
TENURE
8.5 yrs

Vyacheslav Rekov

TITLE
Non-Executive Director
COMPENSATION
€30K
AGE
43
TENURE
11.8 yrs

George Logusch

TITLE
Non-Executive Director
AGE
73
TENURE
6 yrs

Pavlo Sheremeta

TITLE
Non-Executive Director
COMPENSATION
€25K
AGE
47
TENURE
2 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 Milkiland'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. Milkiland 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.

MLK News

Simply Wall St News

Did You Manage To Avoid Milkiland's (WSE:MLK) Devastating 92% Share Price Drop?

The important question is if the business itself justifies a higher share price in the long term. … Milkiland isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Simply Wall St -

What Kind Of Shareholder Owns Most Milkiland N.V. (WSE:MLK) Stock?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Our analysis of the ownership of the company, below, shows that. … institutions don't own many shares in the company

Simply Wall St -

Who Are The Top Investors In Milkiland NV. (WSE:MLK)?

Although MLK has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: MLK's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Milkiland NV. (WSE:MLK)

If you are looking to invest in Milkiland NV.’s (WSE:MLK), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … Generally, an investor should consider two types of risk that impact the market value of MLK. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Does Milkiland NV.'s (WSE:MLK) Earnings Growth Make It An Outperformer?

After looking at Milkiland NV.'s (WSE:MLK) latest earnings announcement (30 September 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Milkiland Commentary On MLK's Past Performance For the purpose of this commentary, I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Milkiland, its latest trailing-twelve-month earnings is -€9.55M, which, in comparison to the prior year's figure, has become less negative.

Simply Wall St -

Is Milkiland NV.'s (WSE:MLK) Balance Sheet A Threat To Its Future?

How does MLK’s operating cash flow stack up against its debt? … At this stable level of debt, MLK's cash and short-term investments stands at €1.04M for investing into the business. … Moreover, MLK has generated €9.54M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 9.33%, signalling that MLK’s current level of operating cash is not high enough to cover debt.

Simply Wall St -

MLK Company Info

Description

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; private label products for various retailers; and curd desserts. 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.

Details
Name: Milkiland N.V.
MLK
Exchange: WSE
Founded: 1994
PLN12,500,000
31,250,000
Website: http://www.milkiland.nl
Address: Milkiland N.V.
9 Boryspilska Street,
Kyiv,
02090,
Ukraine
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE MLK Ordinary Shares Warsaw Stock Exchange PL PLN 06. Dec 2010
Number of employees
Current staff
Staff numbers
3,151
Milkiland employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 21:29
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2017/05/19
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.