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Boryszew

WSE:BRS
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRS
WSE
PLN979M
Market Cap
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Last updated 2019/02/23 20:55
Company description

Boryszew S.A. engages in automotive, metals, chemical products, and other businesses in Poland and internationally. The last earnings update was 93 days ago. More info.

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BRS Share Price and Events
7 Day Returns
-6.6%
WSE:BRS
0.7%
PL Metals and Mining
0.7%
PL Market
1 Year Returns
-53.3%
WSE:BRS
-19.8%
PL Metals and Mining
-5.7%
PL Market
BRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boryszew (BRS) -6.6% -3% -3.4% -53.3% 1.3% -18.6%
PL Metals and Mining 0.7% 3.7% 1.8% -19.8% 55.1% -3%
PL Market 0.7% -0.2% 6.3% -5.7% 19% -6.6%
1 Year Return vs Industry and Market
  • BRS underperformed the Metals and Mining industry which returned -19.8% over the past year.
  • BRS underperformed the Market in Poland which returned -5.7% over the past year.
Price Volatility
BRS
Industry
5yr Volatility vs Market

BRS Value

 Is Boryszew 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 Boryszew 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Boryszew.

WSE:BRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.4%
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:BRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.84 (1 + (1- 19%) (134.78%)) 		1.758
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.76
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.758 * 7.15%) 		15.42%

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

The calculations below outline how an intrinsic value for Boryszew is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:BRS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 250.30 275.20 291.15 308.03 325.89
Source Analyst x1 Analyst x1 Est @ 5.8% Est @ 5.8% Est @ 5.8%
Present Value
Discounted (@ 15.42%) 		216.86 206.58 189.36 173.58 159.11
Present value of next 5 years cash flows PLN945.50
WSE:BRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN325.89 × (1 + 2.85%) ÷ (15.42% – 2.85%) 		PLN2,666.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN2,666.86 ÷ (1 + 15.42%)5 		PLN1,302.04
WSE:BRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN945.50 + PLN1,302.04 		PLN2,247.55
Equity Value per Share
(PLN)		 = Total value / Shares Outstanding
= PLN2,247.55 / 214.70 		PLN10.47
WSE:BRS Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN10.47
Current discount Discount to share price of PLN4.56
= -1 x (PLN4.56 - PLN10.47) / PLN10.47 		56.4%

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

Current Discount
Amount off the current price Boryszew is available for.
Intrinsic value
>50%
Share price is PLN4.56 vs Future cash flow value of PLN10.47
Current Discount Checks
For Boryszew to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boryszew's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Boryszew'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 Boryszew's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boryszew's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:BRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.39
WSE:BRS Share Price ** WSE (2019-02-22) in PLN PLN4.56
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.56x
Poland Market PE Ratio Median Figure of 464 Publicly-Listed Companies 10.71x

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

** Primary Listing of Boryszew.

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

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

= 4.56 ÷ 0.39

 11.61x

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

  • Boryszew is overvalued based on earnings compared to the PL Metals and Mining industry average.
  • Boryszew is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Boryszew's expected growth come at a high price?
Raw Data
WSE:BRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts		 1.9%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 1.16x
Poland Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

WSE:BRS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.61x ÷ 1.9%

 6.06x

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

  • Boryszew is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Boryszew's assets?
Raw Data
WSE:BRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN5.87
WSE:BRS Share Price * WSE (2019-02-22) in PLN PLN4.56
Poland Metals and Mining Industry PB Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 0.93x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 1.01x
WSE:BRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.56 ÷ 5.87

 0.78x

* Primary Listing of Boryszew.

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

  • Boryszew is good value based on assets compared to the PL Metals and Mining industry average.
Show me more potentially undervalued companies in the Metals and Mining industry
X
Value checks
We assess Boryszew'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
    5. Boryszew has a total score of 3/6, 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.

BRS Future Performance

 How is Boryszew expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boryszew expected to grow at an attractive rate?
  • Boryszew's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Boryszew's earnings growth is positive but not above the Poland market average.
  • Boryszew's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:BRS Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:BRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 1.9%
WSE:BRS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.7%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*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:BRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:BRS Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 6,069 397 125 1
2019-12-31 6,158 370 132 1
2018-12-31 6,290 208 173 1
WSE:BRS Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 6,284 233 83
2018-06-30 6,368 306 113
2018-03-31 6,312 315 143
2017-12-31 6,290 322 171
2017-09-30 6,115 469 193
2017-06-30 5,934 335 199
2017-03-31 5,768 352 162
2016-12-31 5,644 385 134
2016-09-30 5,550 207 131
2016-06-30 5,503 387 72
2016-03-31 5,666 317 50
2015-12-31 5,678 273 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boryszew's earnings are expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
  • Boryszew's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:BRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Boryszew Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BRS Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.80 0.80 0.80 1.00
2019-12-31 0.70 0.70 0.70 1.00
2018-12-31 0.60 0.60 0.60 1.00
WSE:BRS Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 0.39
2018-06-30 0.53
2018-03-31 0.67
2017-12-31 0.79
2017-09-30 0.89
2017-06-30 0.91
2017-03-31 0.73
2016-12-31 0.60
2016-09-30 0.58
2016-06-30 0.32
2016-03-31 0.22
2015-12-31 0.17

*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 Boryszew will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Boryszew'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.
Boryszew 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.

BRS Past Performance

  How has Boryszew 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 Boryszew's growth in the last year to its industry (Metals and Mining).
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.
  • Boryszew has delivered over 20% year on year earnings growth in the past 5 years.
  • Boryszew's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Boryszew's 1-year earnings growth is negative, it can't be compared to the PL Metals and Mining industry average.
Earnings and Revenue History
Boryszew'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 Boryszew Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:BRS Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 6,283.59 83.31 419.34
2018-06-30 6,367.78 113.30 396.92
2018-03-31 6,311.61 142.72 398.42
2017-12-31 6,290.34 170.71 403.53
2017-09-30 6,114.86 192.56 412.81
2017-06-30 5,933.63 199.38 424.26
2017-03-31 5,767.66 162.22 418.20
2016-12-31 5,643.62 133.88 410.81
2016-09-30 5,550.12 130.70 391.84
2016-06-30 5,503.32 71.74 371.40
2016-03-31 5,665.63 49.71 360.18
2015-12-31 5,677.98 38.51 340.88
2015-09-30 5,578.11 59.50 319.07
2015-06-30 5,580.63 96.50 316.13
2015-03-31 5,321.94 114.01 316.64
2014-12-31 5,058.12 100.57 316.95
2014-09-30 4,974.66 54.34 324.42
2014-06-30 4,928.02 30.97 319.18
2014-03-31 4,853.03 -10.02 326.38
2013-12-31 4,836.27 -10.57 320.30
2013-09-30 4,854.97 -20.51 318.81
2013-06-30 4,804.57 -14.94 319.77
2013-03-31 4,835.05 43.58 305.89
2012-12-31 4,881.19 62.13 313.09
2012-09-30 4,914.29 158.17 334.50
2012-06-30 4,791.49 164.54 326.74
2012-03-31 4,568.45 175.95 305.84

*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.
  • Boryszew has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Boryszew used its assets less efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Boryszew has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Boryszew'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 Metals and Mining 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.
Boryszew has a total score of 2/6, 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.

BRS Health

 How is Boryszew'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 Boryszew's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boryszew is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boryszew's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boryszew'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.
  • Debt is covered by short term assets, assets are 1.7x 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 Boryszew Company Filings, last reported 4 months ago.

WSE:BRS Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,817.92 1,319.54 155.03
2018-06-30 1,797.77 1,279.78 171.07
2018-03-31 1,761.78 1,265.89 227.85
2017-12-31 1,722.09 1,206.70 258.51
2017-09-30 1,785.73 1,239.05 309.54
2017-06-30 1,737.55 1,205.91 259.38
2017-03-31 1,680.25 1,252.77 286.48
2016-12-31 1,617.05 1,157.84 292.14
2016-09-30 1,570.24 1,194.09 177.52
2016-06-30 1,507.87 1,107.07 182.00
2016-03-31 1,460.19 1,107.63 159.49
2015-12-31 1,414.90 1,059.76 168.70
2015-09-30 1,401.00 1,059.47 114.72
2015-06-30 1,432.98 1,060.95 150.89
2015-03-31 1,458.47 1,020.25 101.64
2014-12-31 1,434.25 997.18 124.30
2014-09-30 1,434.02 957.78 97.76
2014-06-30 1,254.15 928.72 108.57
2014-03-31 1,219.03 982.68 134.73
2013-12-31 1,209.46 949.90 118.69
2013-09-30 1,179.57 903.68 71.17
2013-06-30 1,192.58 910.69 68.24
2013-03-31 1,195.71 869.57 71.18
2012-12-31 1,181.46 803.34 78.99
2012-09-30 1,242.50 782.13 96.58
2012-06-30 1,241.27 815.54 93.62
2012-03-31 1,242.22 787.00 75.41
  • Boryszew's level of debt (72.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.6% vs 72.6% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
Show me more healthy companies in the Metals and Mining industry
X
Financial health checks
We assess Boryszew'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. Boryszew 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.

BRS Dividends

 What is Boryszew'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 Boryszew dividends. Estimated to be 5.92% next year.
If you bought PLN2,000 of Boryszew 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 Boryszew's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boryszew'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:BRS 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 1 Analyst Estimates (S&P Global) See Below
Poland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 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 7.8%

Industry and Market average data is calculated daily.

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

WSE:BRS Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.40 1.00
2019-12-31 0.14 1.00
2018-12-31 0.00 1.00
WSE:BRS Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2016-11-10 0.000 0.000
2016-08-31 0.000 0.000
2016-05-16 0.000 0.000
2016-03-21 0.000 0.000
2015-03-24 0.100 1.906
2015-03-20 0.100 1.606

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

  • Unable to perform a dividend volatility check as Boryszew has not reported any payouts.
  • Unable to verify if Boryszew's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boryszew's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boryszew 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 Boryszew'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 Boryszew afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Boryszew 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.

BRS Management

 What is the CEO of Boryszew'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
Piotr Lisiecki
COMPENSATION PLN60,000
TENURE AS CEO 1.1 years
CEO Bio

Mr. Piotr Boleslaw Lisiecki serves as the President of the Management Board at Boryszew S.A. since 2018. He served as Deputy Chief Executive Officer and Member of Management Board at Bank Ochrony Srodowiska S.A. since September 15, 2015 until February 15, 2016. Mr. Lisiecki served as a Vice-Chairman of the Supervisory Board at Boryszew S.A. since May 31, 2017 until 2018. He served as a Member of the Supervisory Board at Boryszew S.A. since June 15, 2016 until 2018.

CEO Compensation
  • Insufficient data for Piotr to compare compensation growth.
  • Piotr's remuneration is lower than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Boryszew management team in years:

3.1
Average Tenure
  • The tenure for the Boryszew management team is about average.
Management Team

Piotr Lisiecki

TITLE
President of the Management Board & General Director
COMPENSATION
PLN60K
TENURE
1.1 yrs

Aleksander Barys

TITLE
Financial Director & Member of the Management Board
COMPENSATION
PLN618K
TENURE
3.1 yrs

Mikolaj Budzanowski

TITLE
Chief Innovation Officer & Member of the Management Board
COMPENSATION
PLN915K

Cezary Pyszkowski

TITLE
Director of M&A and Automotive Sector Development and Member of the Management Board
COMPENSATION
PLN908K
TENURE
4.1 yrs

Miroslaw Kutnik

TITLE
Secretary and Member of the Supervisory Board
COMPENSATION
PLN60K

Elzbieta Slabon

TITLE
Chief Accountant
Board of Directors Tenure

Average tenure of the Boryszew board of directors in years:

7.9
Average Tenure
  • The tenure for the Boryszew board of directors is about average.
Board of Directors

Janusz Siemieniec

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN156K

Miroslaw Kutnik

TITLE
Secretary and Member of the Supervisory Board
COMPENSATION
PLN60K
TENURE
7.9 yrs

Arkadiusz Krezel

TITLE
Member of the Supervisory Board
COMPENSATION
PLN192K
TENURE
12.7 yrs

Malgorzata Waldowska

TITLE
Member of Supervisory Board
COMPENSATION
PLN96K

Jaroslaw Antosik

TITLE
Member of Supervisory Board
COMPENSATION
PLN10K
TENURE
1.3 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 Boryszew'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. Boryszew 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.

BRS News

Simply Wall St News

How Financially Strong Is Boryszew SA (WSE:BRS)?

Boryszew SA (WSE:BRS) is a small-cap stock with a market capitalization of zł1.43b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St - –

Who Are The Major Shareholders Of Boryszew SA (WSE:BRS)?

In this article, I will take a quick look at Boryszew SA’s (WSE:BRS) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Now I will analyze BRS's shareholder registry in more detail.

Simply Wall St - –

Is Boryszew SA (WSE:BRS) Potentially Underrated?

Boryszew SA (WSE:BRS) is a company with exceptional fundamental characteristics. … is a company that has been able to sustain great financial health, trading at an attractive share price. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St - –

My Concerns Around Boryszew SA. (WSE:BRS)

There's still room for improvement on the capital management side of things, but overall its strong level of cash somewhat alleviates my doubts around its leverage and interest coverage, and reduces my concerns around the sustainability of the business going forward. … With 202.16 million shares, that's a ZŁ1.75B market cap - quite low for a business that has a 5-year free cash flow cumulative average growth (CAGR) trajectory of 5.42% (source: analyst consensus). … With an upcoming 2018 free cash flow figure of ZŁ212.25M, the target price for BRS is zł11.07.

Simply Wall St - –

What Investors Should Know About Boryszew SA.'s (WSE:BRS) Financial Strength

With this growth in debt, the current cash and short-term investment levels stands at ZŁ242.88M for investing into the business. … On top of this, BRS has generated cash from operations of ZŁ374.80M in the last twelve months, resulting in an operating cash to total debt ratio of 32.62%, meaning that BRS’s operating cash is sufficient to cover its debt. … In BRS's case, the ratio of 11.74x suggests that interest is comfortably covered, which means that debtors may be willing to loan the company more money, giving BRS ample headroom to grow its debt facilities.Next Steps: BRS’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St - –

Does Boryszew SA.'s (WSE:BRS) Recent Track Record Look Strong?

Today I will run you through a basic sense check to gain perspective on how Boryszew is doing by comparing its latest earnings with its long-term trend as well as the performance of its metals and mining industry peers. … Check out our latest analysis for Boryszew Did BRS beat its long-term earnings growth trend and its industry? … Scanning growth from a sector-level, the PL metals and mining industry has been enduring some headwinds over the prior twelve months, leading to an average earnings drop of -11.68%.

Simply Wall St - –

At PLN9.44, Is It Time To Buy Boryszew SA. (WSE:BRS)?

According to my valuation, the intrinsic value for the stock is PLN14.18, but it is currently trading at ZŁ9.44 on the share market, meaning that there is still an opportunity to buy now. … Boryszew’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St - –

BRS Company Info

Map
Description

Boryszew S.A. engages in automotive, metals, chemical products, and other businesses in Poland and internationally. The company provides plastic and metal car components, such as interior and exterior car assemblies, and engine components, as well as injection molds; and air conditioning tubes, power steering assembly, and active suspension hoses for automotive industry. It also offers zinc and lead, and their derivatives; aluminum and aluminum-alloy wire rods for the production of power conductors and cables; non-conductor wire rods for use in the steel industry; and wires for low to high voltage overheard power lines. In addition, the company provides copper and its alloy semi-products that are used in installation, machinery, metallurgy, construction, and other industries; aluminum and aluminum alloy sheets and strips for automotive, packaging, electrical, and building industries; and industrial bearings and other parts for automotive, mining, agriculture, and mechanical industries. Further, it produces plastic processing aids primarily on chemicals for polyvinyl chloride processing; antifreeze liquids for cooling, air conditioning, solar heating, and heat pumps; polyamide 6 in the form of sleeves, rods, and boards; and battlefield simulators for military applications. Additionally, it offers waste incineration, hazardous and non-hazardous waste landfill, non-hazardous waste landfill with hazardous billets, hazardous waste storage, mechanical/chemical and biological sewage treatment, liquid waste neutralization, waste neutralization and transformation installations, and waste transport, as well as real estate services. Boryszew S.A. was founded in 1911 and is based in Warsaw, Poland.

Details
Name: Boryszew S.A.
BRS
Exchange: WSE
Founded: 1911
PLN979,032,433
214,700,095
Website: http://www.boryszew.com.pl
Address: Boryszew S.A.
Jagiellonska street No. 76,
Warsaw,
03-301,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE BRS Common Bearer Shares Warsaw Stock Exchange PL PLN 30. May 1996
DB BOW Common Bearer Shares Deutsche Boerse AG DE EUR 30. May 1996
LSE 0MNP Common Bearer Shares London Stock Exchange GB PLN 30. May 1996
Number of employees
Current staff
Staff numbers
10,135
Boryszew employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 20:55
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.

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