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IZOBLOK

WSE:IZB
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IZB
WSE
PLN34M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

IZOBLOK S.A. processes and sells expanded polypropylene (EPP) components in Europe. The last earnings update was 24 days ago. More info.


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  • IZOBLOK has significant price volatility in the past 3 months.
IZB Share Price and Events
7 Day Returns
-1.1%
WSE:IZB
2.7%
PL Chemicals
0.7%
PL Market
1 Year Returns
-63.9%
WSE:IZB
-16.8%
PL Chemicals
-5.7%
PL Market
IZB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IZOBLOK (IZB) -1.1% 9.3% -22.4% -63.9% -82.9% -56%
PL Chemicals 2.7% 21.9% 31.2% -16.8% -34.8% -12.8%
PL Market 0.7% -0.2% 6.3% -5.7% 19% -6.6%
1 Year Return vs Industry and Market
  • IZB underperformed the Chemicals industry which returned -16.8% over the past year.
  • IZB underperformed the Market in Poland which returned -5.7% over the past year.
Price Volatility
IZB
Industry
5yr Volatility vs Market

IZB Value

 Is IZOBLOK 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 IZOBLOK 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 IZOBLOK.

WSE:IZB 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 12.2%
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:IZB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.477 (1 + (1- 19%) (213.13%))
1.301
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.301 * 7.15%)
12.16%

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

The calculations below outline how an intrinsic value for IZOBLOK 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:IZB DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 4.00 7.00 12.00 14.00 14.00
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 12.16%)
3.57 5.56 8.51 8.85 7.89
Present value of next 5 years cash flows PLN34.37
WSE:IZB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN14.00 × (1 + 2.85%) ÷ (12.16% – 2.85%)
PLN154.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN154.74 ÷ (1 + 12.16%)5
PLN87.20
WSE:IZB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN34.37 + PLN87.20
PLN121.57
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN121.57 / 1.27
PLN95.95
WSE:IZB Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN95.95
Current discount Discount to share price of PLN27.10
= -1 x (PLN27.10 - PLN95.95) / PLN95.95
71.8%

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

Current Discount
Amount off the current price IZOBLOK is available for.
Intrinsic value
>50%
Share price is PLN27.1 vs Future cash flow value of PLN95.95
Current Discount Checks
For IZOBLOK to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • IZOBLOK's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • IZOBLOK'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 IZOBLOK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IZOBLOK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:IZB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in PLN PLN4.39
WSE:IZB Share Price ** WSE (2019-02-22) in PLN PLN27.1
Poland Chemicals Industry PE Ratio Median Figure of 12 Publicly-Listed Chemicals Companies 12.77x
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 IZOBLOK.

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

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

= 27.1 ÷ 4.39

6.17x

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

  • IZOBLOK is good value based on earnings compared to the PL Chemicals industry average.
  • IZOBLOK is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does IZOBLOK's expected growth come at a high price?
Raw Data
WSE:IZB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.6%per year
Europe Chemicals Industry PEG Ratio Median Figure of 61 Publicly-Listed Chemicals Companies 2.05x
Poland Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 1.16x

*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 IZOBLOK, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IZOBLOK's assets?
Raw Data
WSE:IZB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in PLN PLN84.93
WSE:IZB Share Price * WSE (2019-02-22) in PLN PLN27.1
Poland Chemicals Industry PB Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 0.7x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 1.01x
WSE:IZB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 27.1 ÷ 84.93

0.32x

* Primary Listing of IZOBLOK.

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

  • IZOBLOK is good value based on assets compared to the PL Chemicals industry average.
X
Value checks
We assess IZOBLOK'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. IZOBLOK has a total score of 5/6, 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.

IZB Future Performance

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

  • No analysts cover IZOBLOK, future earnings growth has been estimated based on fundamentals.
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
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IZOBLOK expected to grow at an attractive rate?
  • IZOBLOK's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • IZOBLOK's earnings growth is positive but not above the Poland market average.
  • IZOBLOK's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:IZB Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:IZB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.6%
WSE:IZB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.4%
Poland Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 21%
Poland Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
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:IZB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:IZB Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-04-30 252 1
2022-04-30 250 1
2021-04-30 247 1
2020-04-30 243 17 1
2019-04-30 231 17 1
WSE:IZB Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-10-31 225 16 6
2018-07-31 229 8 6
2018-04-30 229 19 3
2018-01-31 224 16 2
2017-10-31 225 17 3
2017-07-31 210 10 4
2017-04-30 180 11 8
2017-01-31 152 21 10
2016-10-31 120 14 8
2016-07-31 96 16 6
2016-04-30 94 10 4
2016-01-31 88 4 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IZOBLOK's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • IZOBLOK's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
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:IZB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from IZOBLOK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IZB Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-04-30
2022-04-30
2021-04-30
2020-04-30
2019-04-30
WSE:IZB Past Financials Data
Date (Data in PLN Millions) EPS *
2018-10-31 4.39
2018-07-31 4.45
2018-04-30 2.63
2018-01-31 1.96
2017-10-31 2.41
2017-07-31 3.31
2017-04-30 6.63
2017-01-31 8.42
2016-10-31 7.22
2016-07-31 5.85
2016-04-30 4.32
2016-01-31 5.98

*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 IZOBLOK will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IZOBLOK'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.
IZOBLOK has a total score of 1/6, 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.

IZB Past Performance

  How has IZOBLOK 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 IZOBLOK's growth in the last year to its industry (Chemicals).
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.
  • IZOBLOK's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • IZOBLOK's 1-year earnings growth exceeds its 5-year average (82.6% vs -15.6%)
  • IZOBLOK's earnings growth has exceeded the PL Chemicals industry average in the past year (82.6% vs -20.5%).
Earnings and Revenue History
IZOBLOK'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 IZOBLOK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IZB Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 225.49 5.56 82.90
2018-07-31 229.20 5.64 82.74
2018-04-30 228.60 3.33 81.16
2018-01-31 223.90 2.48 86.35
2017-10-31 225.14 3.05 81.80
2017-07-31 210.08 4.20 74.01
2017-04-30 179.52 8.08 61.19
2017-01-31 152.05 9.70 43.84
2016-10-31 119.63 7.83 33.58
2016-07-31 95.62 5.95 28.03
2016-04-30 93.86 4.32 24.69
2016-01-31 88.48 5.98 26.42
2015-10-31 85.08 7.91 23.30
2015-07-31 82.14 9.77 18.29
2015-04-30 79.67 10.75 17.73
2015-01-31 77.06 8.81 4.69
2014-10-31 73.63 7.87 6.04
2014-07-31 76.17 9.03 7.48
2014-04-30 76.27 8.37 8.98
2014-01-31 74.89 8.87 14.87
2013-10-31 72.64 8.69 14.09
2013-07-31 65.84 6.36 15.76
2013-04-30 60.64 4.85 12.01
2013-01-31 58.38 2.76 17.88
2012-10-31 53.41 0.58 14.85
2012-07-31 47.79 0.72 9.33
2012-04-30 42.88 1.22 9.33

*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.
  • IZOBLOK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IZOBLOK used its assets less efficiently than the PL Chemicals industry average last year based on Return on Assets.
  • IZOBLOK's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IZOBLOK'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 Chemicals 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.
IZOBLOK 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.

IZB Health

 How is IZOBLOK'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 IZOBLOK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IZOBLOK is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IZOBLOK's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IZOBLOK'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 1.1x 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 IZOBLOK Company Filings, last reported 3 months ago.

WSE:IZB Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 107.61 73.18 3.45
2018-07-31 106.21 73.25 2.75
2018-04-30 103.71 61.08 2.16
2018-01-31 101.17 59.80 5.38
2017-10-31 100.82 68.95 9.34
2017-07-31 100.15 70.50 10.42
2017-04-30 100.33 66.09 5.34
2017-01-31 105.48 67.33 9.85
2016-10-31 100.84 68.56 6.52
2016-07-31 98.62 18.40 46.69
2016-04-30 53.32 19.66 1.42
2016-01-31 51.35 21.94 0.66
2015-10-31 50.36 20.07 1.50
2015-07-31 50.34 19.41 2.49
2015-04-30 48.98 18.59 3.46
2015-01-31 42.18 0.00 2.25
2014-10-31 39.30 0.00 0.74
2014-07-31 37.19 0.00 1.62
2014-04-30 35.31 14.79 1.02
2014-01-31 33.63 5.82 2.33
2013-10-31 26.36 7.94 3.66
2013-07-31 21.65 13.91 0.10
2013-04-30 21.65 13.91 0.10
2013-01-31
2012-10-31
2012-07-31 17.39 9.38 0.37
2012-04-30 17.39 9.38 0.37
  • IZOBLOK's level of debt (68%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.9% vs 68% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess IZOBLOK'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. IZOBLOK 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.

IZB Dividends

 What is IZOBLOK'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 IZOBLOK dividends.
If you bought PLN2,000 of IZOBLOK 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 IZOBLOK's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IZOBLOK'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:IZB 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 Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.9%
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:IZB Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-04-30
2022-04-30
2021-04-30
2020-04-30
2019-04-30

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

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

IZB Management

 What is the CEO of IZOBLOK'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
Przemyslaw Skrzydlak
COMPENSATION PLN1,468,598,990
CEO Bio

Mr. Przemyslaw Skrzydlak has been the President of the Management Board at IZO-BLOK Spolka Akcyjna since April 18, 2011 and serves as its Chief Executive Officer and served as its Managing Director. Mr. Skrzydlak graduated Krakow University of Technology and International Silesian School of Economics. He holds an Master’s Degree in Business Administration from Montreux University. Mr. Skrzydlak holds Master of Engineering from Cracow University of Technology in 1995.

CEO Compensation
  • Przemyslaw's compensation has increased by more than 20% in the past year.
  • Przemyslaw's remuneration is higher than average for companies of similar size in Poland.
Management Team

Przemyslaw Skrzydlak

TITLE
President of the Management Board & CEO
COMPENSATION
PLN1B

Jaroslaw Sygidus

TITLE
Chief Financial Officer
COMPENSATION
PLN60M

Krzysztof Skrzydlak

TITLE
Chief Investment Officer
COMPENSATION
PLN41M

Beata Hoffman

TITLE
Chief Accountant
Board of Directors

Andrzej Kwiatkowski

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN353M

Renata Skrzydlak

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
PLN102M

Krzysztof Plonka

TITLE
Member of the Supervisory Board
COMPENSATION
PLN20M

Marek Barc

TITLE
Member of the Supervisory Board
COMPENSATION
PLN20M

Marek Skrzynecki

TITLE
Member of the Supervisory Board
COMPENSATION
PLN8K
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 IZOBLOK'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. IZOBLOK 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.

IZB News

Simply Wall St News

Why You Should Care About IZOBLOK S.A.’s (WSE:IZB) Low Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

IZOBLOK S.A. (WSE:IZB): Time For A Financial Health Check

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. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What Percentage Of IZOBLOK SA (WSE:IZB) Shares Do Insiders Own?

A look at the shareholders of IZOBLOK SA (WSE:IZB) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of zł42m, IZOBLOK is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Here's What IZOBLOK SA's (WSE:IZB) P/E Ratio Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at IZOBLOK SA's (WSE:IZB) P/E ratio and reflect on what it tells us about the company's share price. … IZOBLOK has a price to earnings ratio of 6.97, based on the last twelve months.

Simply Wall St -

Who Really Owns IZOBLOK SA (WSE:IZB)?

In this article, I'm going to take a look at IZOBLOK SA’s (WSE:IZB) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

What You Must Know About IZOBLOK SA's (WSE:IZB) Return on Equity

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between IZOBLOK SA (WSE:IZB)’s return fundamentals and stock market performance. … IZOBLOK SA (WSE:IZB) delivered a less impressive 2.45% ROE over the past year, compared to the 6.25% return generated by its industry.

Simply Wall St -

When Should You Buy IZOBLOK SA (WSE:IZB)?

received a lot of attention from a substantial price movement on the WSE over the last few months, increasing to PLN72 at one point, and dropping to the lows of PLN50. … This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … Great news for investors – IZOBLOK is still trading at a fairly cheap price

Simply Wall St -

Can IZOBLOK SA. (WSE:IZB) Improve Your Portfolio Returns?

I test IZB’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint. … Thus, we can expect IZB to be more volatile in the face of market movements, relative to its peers of similar size but with a lower proportion of fixed assets on their books. … However, this is the opposite to what IZB’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Who Are The Major Shareholders In IZOBLOK SA. (WSE:IZB)?

In this article, I'm going to take a look at IZOBLOK SA.’s (WSE:IZB) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Why IZOBLOK SA. (WSE:IZB) May Not Be As Efficient As Its Industry

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of IZOBLOK’s equity capital deployed. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:IZB Last Perf May 15th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

IZB Company Info

Map
Description

IZOBLOK S.A. processes and sells expanded polypropylene (EPP) components in Europe. The company's EPP products are used in the automotive and logistics industries primarily as construction and protective components. It serves OEMs and tier 1 groups. The company was founded in 1998 and is based in Chorzów, Poland.

Details
Name: IZOBLOK S.A.
IZB
Exchange: WSE
Founded: 1998
PLN34,335,700
1,267,000
Website: http://www.izoblok.pl
Address: IZOBLOK S.A.
ul. Kluczborska 11,
Chorzów,
41-503,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE IZB Common Bearer Shares Warsaw Stock Exchange PL PLN 22. Dec 2011
LSE 0RKS Common Bearer Shares London Stock Exchange GB PLN 22. Dec 2011
Number of employees
Current staff
Staff numbers
0
IZOBLOK employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 22:06
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/22
Last earnings filing: 2019/01/30
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/04/30


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.