Loading...

Izolacja Jarocin Spolka Akcyjna

WSE:IZO
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IZO
WSE
PLN6M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Izolacja Jarocin Spolka Akcyjna manufactures and sells waterproofing products and sealants for the construction industry. The last earnings update was 169 days ago. More info.


Add to Portfolio Compare Print
IZO Share Price and Events
7 Day Returns
-4.2%
WSE:IZO
-0.7%
PL Basic Materials
-0.2%
PL Market
1 Year Returns
-21.6%
WSE:IZO
-3.6%
PL Basic Materials
-2.2%
PL Market
IZO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Izolacja Jarocin Spolka Akcyjna (IZO) -4.2% -4.5% -7.5% -21.6% 17.6% -21.6%
PL Basic Materials -0.7% -7.5% 5.2% -3.6% 3.3% -22.7%
PL Market -0.2% -0.1% 1.3% -2.2% 12.4% -3.8%
1 Year Return vs Industry and Market
  • IZO underperformed the Basic Materials industry which returned -3.6% over the past year.
  • IZO underperformed the Market in Poland which returned -2.2% over the past year.
Price Volatility
IZO
Industry
5yr Volatility vs Market

IZO Value

 Is Izolacja Jarocin Spolka Akcyjna 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 Izolacja Jarocin Spolka Akcyjna 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 Izolacja Jarocin Spolka Akcyjna.

WSE:IZO 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 9.5%
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:IZO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 19%) (0%))
0.933
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.933 * 7.14%)
9.51%

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

The calculations below outline how an intrinsic value for Izolacja Jarocin Spolka Akcyjna 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:IZO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 9.51%)
2019 0.45 Est @ 74.82% 0.41
2020 0.68 Est @ 53.23% 0.57
2021 0.94 Est @ 38.11% 0.72
2022 1.21 Est @ 27.53% 0.84
2023 1.45 Est @ 20.13% 0.92
2024 1.66 Est @ 14.95% 0.96
2025 1.85 Est @ 11.32% 0.98
2026 2.02 Est @ 8.78% 0.97
2027 2.16 Est @ 7% 0.95
2028 2.28 Est @ 5.75% 0.92
Present value of next 10 years cash flows PLN8.24
WSE:IZO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN2.28 × (1 + 2.85%) ÷ (9.51% – 2.85%)
PLN35.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN35.19 ÷ (1 + 9.51%)10
PLN14.18
WSE:IZO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN8.24 + PLN14.18
PLN22.43
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN22.43 / 3.80
PLN5.9
WSE:IZO Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN5.90
Current discount Discount to share price of PLN1.60
= -1 x (PLN1.60 - PLN5.90) / PLN5.90
72.9%

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

Current Discount
Amount off the current price Izolacja Jarocin Spolka Akcyjna is available for.
Intrinsic value
>50%
Share price is PLN1.6 vs Future cash flow value of PLN5.9
Current Discount Checks
For Izolacja Jarocin Spolka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Izolacja Jarocin Spolka Akcyjna's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Izolacja Jarocin Spolka Akcyjna'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 Izolacja Jarocin Spolka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Izolacja Jarocin Spolka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:IZO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.13
WSE:IZO Share Price ** WSE (2019-04-17) in PLN PLN1.6
Poland Basic Materials Industry PE Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 8.55x
Poland Market PE Ratio Median Figure of 458 Publicly-Listed Companies 11.23x

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

** Primary Listing of Izolacja Jarocin Spolka Akcyjna.

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

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

= 1.6 ÷ 0.13

11.99x

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

  • Izolacja Jarocin Spolka Akcyjna is overvalued based on earnings compared to the PL Basic Materials industry average.
  • Izolacja Jarocin Spolka Akcyjna is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Izolacja Jarocin Spolka Akcyjna's expected growth come at a high price?
Raw Data
WSE:IZO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.3%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 18 Publicly-Listed Basic Materials Companies 1.22x
Poland Market PEG Ratio Median Figure of 114 Publicly-Listed Companies 1.17x

*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 Izolacja Jarocin Spolka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Izolacja Jarocin Spolka Akcyjna's assets?
Raw Data
WSE:IZO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN2.95
WSE:IZO Share Price * WSE (2019-04-17) in PLN PLN1.6
Poland Basic Materials Industry PB Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 0.56x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 1.01x
WSE:IZO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.6 ÷ 2.95

0.54x

* Primary Listing of Izolacja Jarocin Spolka Akcyjna.

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

  • Izolacja Jarocin Spolka Akcyjna is good value based on assets compared to the PL Basic Materials industry average.
X
Value checks
We assess Izolacja Jarocin Spolka Akcyjna'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Izolacja Jarocin Spolka Akcyjna 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.

IZO Future Performance

 How is Izolacja Jarocin Spolka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Izolacja Jarocin Spolka Akcyjna, 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
19.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Izolacja Jarocin Spolka Akcyjna expected to grow at an attractive rate?
  • Izolacja Jarocin Spolka Akcyjna's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Izolacja Jarocin Spolka Akcyjna's earnings growth is expected to exceed the Poland market average.
  • Unable to compare Izolacja Jarocin Spolka Akcyjna's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:IZO Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:IZO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.3%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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:IZO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:IZO Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 28 1 1
2018-06-30 29 1 1
2018-03-31 29 2 1
2017-12-31 29 2 1
2017-09-30 27 0 1
2017-06-30 24 0 1
2017-03-31 22 -1 1
2016-12-31 22 0 0
2016-09-30 21 0 1
2016-06-30 22 0 1
2016-03-31 21 0 0
2015-12-31 20 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Izolacja Jarocin Spolka Akcyjna's earnings are expected to grow by 19.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Izolacja Jarocin Spolka Akcyjna 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:IZO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Izolacja Jarocin Spolka Akcyjna Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IZO Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 0.13
2018-06-30 0.25
2018-03-31 0.25
2017-12-31 0.32
2017-09-30 0.29
2017-06-30 0.17
2017-03-31 0.19
2016-12-31 0.12
2016-09-30 0.14
2016-06-30 0.21
2016-03-31 0.06
2015-12-31 0.02

*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 Izolacja Jarocin Spolka Akcyjna will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Izolacja Jarocin Spolka Akcyjna'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Izolacja Jarocin Spolka Akcyjna has a total score of 2/6, 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.

IZO Past Performance

  How has Izolacja Jarocin Spolka Akcyjna 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 Izolacja Jarocin Spolka Akcyjna's growth in the last year to its industry (Basic Materials).
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.
  • Izolacja Jarocin Spolka Akcyjna's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Izolacja Jarocin Spolka Akcyjna's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Izolacja Jarocin Spolka Akcyjna's 1-year earnings growth is negative, it can't be compared to the Europe Basic Materials industry average.
Earnings and Revenue History
Izolacja Jarocin Spolka Akcyjna'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 Izolacja Jarocin Spolka Akcyjna Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:IZO 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 28.01 0.51 5.04
2018-06-30 28.75 0.95 5.04
2018-03-31 28.75 0.94 5.00
2017-12-31 28.76 1.20 4.96
2017-09-30 26.88 1.11 4.72
2017-06-30 23.58 0.66 4.62
2017-03-31 22.14 0.71 4.47
2016-12-31 22.09 0.45 4.47
2016-09-30 21.25 0.53 4.51
2016-06-30 21.65 0.79 4.38
2016-03-31 20.55 0.23 4.28
2015-12-31 20.49 0.09 4.19
2015-09-30 21.01 0.07 4.20
2015-06-30 25.02 -0.06 4.39
2015-03-31 27.14 0.52 4.43
2014-12-31 27.83 0.67 4.51
2014-09-30 28.86 0.81 4.47
2014-06-30 27.37 0.94 4.30
2014-03-31 27.89 0.70 4.20
2013-12-31 25.37 0.28 4.12
2013-09-30 24.71 0.40 4.04
2013-06-30 24.99 0.33 4.09
2013-03-31 25.76 0.33 4.19
2012-12-31 28.69 0.87 4.19
2012-09-30 31.11 0.43 4.51
2012-06-30 34.95 0.07 4.87

*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.
  • Izolacja Jarocin Spolka Akcyjna has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Izolacja Jarocin Spolka Akcyjna used its assets less efficiently than the PL Basic Materials industry average last year based on Return on Assets.
  • Izolacja Jarocin Spolka Akcyjna has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Izolacja Jarocin Spolka Akcyjna'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 Basic Materials 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.
Izolacja Jarocin Spolka Akcyjna 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.

IZO Health

 How is Izolacja Jarocin Spolka Akcyjna'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 Izolacja Jarocin Spolka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Izolacja Jarocin Spolka Akcyjna is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Izolacja Jarocin Spolka Akcyjna's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Izolacja Jarocin Spolka Akcyjna'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.
  • Izolacja Jarocin Spolka Akcyjna has no debt, it does not need to be 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 Izolacja Jarocin Spolka Akcyjna Company Filings, last reported 6 months ago.

WSE:IZO Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 11.21 0.00 0.15
2018-06-30 10.57 3.76 0.05
2018-03-31 10.05 3.21 0.08
2017-12-31 10.44 2.31 0.74
2017-09-30 10.70 2.95 0.08
2017-06-30 9.62 4.04 0.02
2017-03-31 9.11 3.76 0.05
2016-12-31 9.24 3.29 0.09
2016-09-30 9.59 2.94 0.16
2016-06-30 8.96 3.60 0.14
2016-03-31 8.40 0.50 0.02
2015-12-31 8.79 0.56 0.41
2015-09-30 9.06 0.59 0.61
2015-06-30 8.17 3.47 0.24
2015-03-31 8.18 3.72 0.07
2014-12-31 8.70 2.77 0.24
2014-09-30 8.99 2.66 0.91
2014-06-30 8.23 4.17 0.20
2014-03-31 7.66 3.63 0.13
2013-12-31 8.03 3.10 0.28
2013-09-30 8.18 0.00 0.48
2013-06-30 7.28 3.67 0.22
2013-03-31 6.96 4.60 0.11
2012-12-31 7.75 4.25 0.54
2012-09-30 7.78 0.38 0.56
2012-06-30 6.95 4.26 0.00
  • Izolacja Jarocin Spolka Akcyjna has no debt.
  • Izolacja Jarocin Spolka Akcyjna has no debt compared to 5 years ago when it was 0.4%.
  • Izolacja Jarocin Spolka Akcyjna has no debt, it does not need to be covered by operating cash flow.
  • Izolacja Jarocin Spolka Akcyjna has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Izolacja Jarocin Spolka Akcyjna'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. Izolacja Jarocin Spolka Akcyjna has a total score of 6/6, 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.

IZO Dividends

 What is Izolacja Jarocin Spolka Akcyjna'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 Izolacja Jarocin Spolka Akcyjna dividends.
If you bought PLN2,000 of Izolacja Jarocin Spolka Akcyjna 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 Izolacja Jarocin Spolka Akcyjna's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Izolacja Jarocin Spolka Akcyjna'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:IZO 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
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 3%
Poland Market Average Dividend Yield Market Cap Weighted Average of 207 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Izolacja Jarocin Spolka Akcyjna has not reported any payouts.
  • Unable to verify if Izolacja Jarocin Spolka Akcyjna's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Izolacja Jarocin Spolka Akcyjna's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Izolacja Jarocin Spolka Akcyjna 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 Izolacja Jarocin Spolka Akcyjna's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Izolacja Jarocin Spolka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Izolacja Jarocin Spolka Akcyjna 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.

IZO Management

 What is the CEO of Izolacja Jarocin Spolka Akcyjna'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 Widawski
COMPENSATION PLN223,333
TENURE AS CEO 20.3 years
CEO Bio

Mr. Piotr Widawski has been President of the Management Board at Izolacja Jarocin Spolka Akcyjna since 1999.

CEO Compensation
  • Piotr's compensation has been consistent with company performance over the past year.
  • Piotr's remuneration is higher than average for companies of similar size in Poland.
Management Team

Piotr Widawski

TITLE
President of the Management Board
COMPENSATION
PLN223K
TENURE
20.3 yrs

Miroslaw Golembiewski

TITLE
Marketing & Sales Director and Member of the Management Board
COMPENSATION
PLN179K
TENURE
20.3 yrs

Anna Inczewska

TITLE
Chief Accountant & Member of Management Board
Board of Directors

Tomasz Ignatowicz

TITLE
President of the Supervisory Board

Zofia Pietrus

TITLE
Vice-President of the Supervisory Board

Ewa Shalaby

TITLE
Member of the Supervisory Board

Regina Uniejewska

TITLE
Member of Supervisory Board

Magdalena Mazur

TITLE
Member of Supervisory Board
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 Izolacja Jarocin Spolka Akcyjna'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. Izolacja Jarocin Spolka Akcyjna 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.

IZO News

Simply Wall St News

Before You Buy Izolacja Jarocin Spolka Akcyjna (WSE:IZO), Consider Its Volatility

In finance, Beta is a measure of volatility. … Beta is a widely used metric to measure a stock's exposure to 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.

Simply Wall St -

How Much Of Izolacja Jarocin Spolka Akcyjna (WSE:IZO) Do Insiders Own?

The big shareholder groups in Izolacja Jarocin Spolka Akcyjna (WSE:IZO) have power over the company. … Izolacja Jarocin Spolka Akcyjna is a smaller company with a market capitalization of zł6.4m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Izolacja Jarocin Spolka Akcyjna

Simply Wall St -

Is There More To Izolacja Jarocin Spolka Akcyjna (WSE:IZO) Than Its 8.1%Returns On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Izolacja Jarocin Spolka Akcyjna (WSE:IZO) Excessively Paying Its CEO?

In 1999 Piotr Widawski was appointed CEO of Izolacja Jarocin Spolka Akcyjna (WSE:IZO). … Check out our latest analysis for Izolacja Jarocin Spolka Akcyjna … How Does Piotr Widawski's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does Izolacja Jarocin Spolka Akcyjna (WSE:IZO) Have A Particularly Volatile Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Investors use diversification across uncorrelated stocks to reduce this kind of price volatility across the portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Don't Sell Izolacja Jarocin Spolka Akcyjna (WSE:IZO) Before You Read This

We'll look at Izolacja Jarocin Spolka Akcyjna's (WSE:IZO) P/E ratio and reflect on what it tells us about the company's share price. … Izolacja Jarocin Spolka Akcyjna has a P/E ratio of 12.97, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Izolacja Jarocin Spolka Akcyjna's (WSE:IZO) Balance Sheet A Threat To Its Future?

Izolacja Jarocin Spolka Akcyjna (WSE:IZO), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does IZO's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

Izolacja Jarocin Spolka Akcyjna (WSE:IZO)'s Return on Capital

and looking to gauge the potential return on investment in Izolacja Jarocin Spolka Akcyjna (WSE:IZO). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Izolacja Jarocin Spolka Akcyjna’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Is Izolacja Jarocin Spolka Akcyjna's (WSE:IZO) CEO Incentives Align With Yours?

Piotr Widawski became the CEO of Izolacja Jarocin Spolka Akcyjna (WSE:IZO) in 1999. … Check out our latest analysis for Izolacja Jarocin Spolka Akcyjna? … According to our data, Izolacja Jarocin Spolka Akcyjna has a market capitalization of zł6m, and pays its CEO total annual compensation worth zł224k.

Simply Wall St -

Want To Invest In Izolacja Jarocin Spolka Akcyjna (WSE:IZO)? Here's How It Performed Lately

When Izolacja Jarocin Spolka Akcyjna (WSE:IZO) released its most recent earnings update (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Understanding how Izolacja Jarocin Spolka Akcyjna performed requires a benchmark rather than trying to assess a standalone number at one point in time. … Check out our latest analysis for Izolacja Jarocin Spolka Akcyjna?

Simply Wall St -

IZO Company Info

Description

Izolacja Jarocin Spolka Akcyjna manufactures and sells waterproofing products and sealants for the construction industry. It offers asphalt roofing paper products, asphalt insulating masses, and asphalt shingles; membranes for pitched roofs; sandwich panels; and construction knives and putties, as well as products for road engineering. The company distributes its products through wholesalers of building materials; and cooperation agreements with construction companies, as well as supplies insulating products to retail chains. Izolacja Jarocin Spolka Akcyjna was founded in 1925 and is based in Jarocin, Poland.

Details
Name: Izolacja Jarocin Spolka Akcyjna
IZO
Exchange: WSE
Founded: 1925
PLN6,080,000
3,800,000
Website: http://www.izolacja-jarocin.pl
Address: Izolacja Jarocin Spolka Akcyjna
ul. Poznanska 24-26,
Jarocin,
63-200,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE IZO Common Shares Warsaw Stock Exchange PL PLN 20. Apr 2009
Number of employees
Current staff
Staff numbers
0
Izolacja Jarocin Spolka Akcyjna employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 20:45
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2018/10/30
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.