Discounted Cash Flow Calculation for WSE:COG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
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:COG DCF 1st Stage: Next 5 year cash flow forecast
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
is considered below, and whether this is a fair price.
Price based on past earnings
Cognor Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
Cognor Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Cognor Holding'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.
Cognor Holding's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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.
TENURE AS CEO
Mr. Przemyslaw Sztuczkowski has been the Chief Executive Officer at Cognor Holding S.A. since February 18, 2011 and has been its President of Management Board since March 13, 2011. Mr. Sztuczkowski has been the President and Member of Management Board at Zlomrex S.A since 2002. Mr. Sztuczkowski serves as General Director of Zlomrex International Finance S.A. He has been a Private entrepreneur, operated "Zlomrex" Secondary Materials Turnover (at present: "Knowledge and Work" Company) since 1990. He serves as the Chairman of Supervisory Board at Huta Stali Jakosciowych Spólka Akcyjna. He has been a Member of the Board at Zlomrex Finance Ltd. since 2003. He serves as a Director at Zlomrex International Finance S.A. and Zlomrex Steel Services S.A. He serves as a Member of Supervisory Board at Zlomrex Metal sp. z o.o. He served as the Chairman of Supervisory Board of Cognor SA until March 2011. Mr. Sztuczkowski has got secondary education, he graduated from the Tourism Management College and specialized as a tourism management technician.
Przemyslaw's compensation has been consistent with company performance over the past year.
Przemyslaw's remuneration is higher than average for companies of similar size in Poland.
President of Management Board & CEO
Vice President of Management Board
CFO & Member of Management Board
Chief Accounting Officer & Member of Management Board
Secretary of the Supervisory Board & Member of Supervisory Board
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Cognor Holding board of directors is about average.
Board of Directors
Chairman of the Supervisory Board
Vice Chairman of the Supervisory Board
Secretary of the Supervisory Board & Member of Supervisory Board
Does Cognor Holding S.A. (WSE:COG) Have A Particularly Volatile Share Price?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Why Cognor Holding S.A. (WSE:COG) Could Have A Place In Your Portfolio
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Do Institutions Own Cognor Holding S.A. (WSE:COG) Shares?
If you want to know who really controls Cognor Holding S.A. … With a market capitalization of zł193m, Cognor Holding is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Cognor Holding
Do You Know What Cognor Holding S.A.'s (WSE:COG) P/E Ratio Means?
We'll look at Cognor Holding S.A.'s (WSE:COG) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Cognor Holding's P/E ratio is 2.12. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
What does Cognor Holding SA's (WSE:COG) Balance Sheet Tell Us About Its Future?
However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Looking At Cognor Holding SA (WSE:COG) From All Angles
By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Cognor Holding SA (WSE:COG), it. … is a company that has been able to sustain great financial health, trading at an attractive share price.
Does Cognor Holding SA (WSE:COG) Go Up With The Market?
If you're interested in Cognor Holding SA (WSE:COG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Who Are The Major Shareholders In Cognor Holding SA (WSE:COG)?
I am going to take a deep dive into Cognor Holding SA’s (WSE:COG) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … WSE:COG Ownership Summary July 30th 18
Is Cognor Holding SA (WSE:COG) A Great Dividend Stock?
Cognor Holding SA (WSE:COG) has returned an average dividend yield of 6.00% annually to shareholders. … Let's dig deeper into whether Cognor Holding should have a place in your portfolio. … View out our latest analysis for Cognor Holding
Should You Be Tempted To Sell Cognor Holding SA (WSE:COG) Because Of Its PE Ratio?
considerably lower than the 9.83x average multiple of the Metals and Mining? … But should the inexpensive multiple be the final verdict of COG’s undervaluation. … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for
Cognor Holding S.A. produces and distributes steel products, steel billets, colored scrap products, and other products in Poland. It offers flat plates and bars, slabs, round and square bars, reinforcing bars, T-profiles, equal and unequal side angles, steel billets with rounded edger for forgings, metal sheets, carbon and medium-alloy steels, and high-alloy and special steels. Cognor Holding S.A. also engages in the purchasing, processing, treatment, and sale of steel scrap; and the processing of steel scrap into billets, as well as billets into steel products. It also exports its products primarily to Germany. The company was formerly known as Cognor S A and changed its name to Cognor Holding S.A. in November 2016. Cognor Holding S.A. was founded in 1946 and is based in Poraj, Poland. Cognor Holding S.A. is a subsidiary of PS HoldCo Sp. z o.o.
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