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Jastrzebska Spólka Weglowa

WSE:JSW
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JSW
WSE
PLN7B
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Jastrzebska Spólka Weglowa S.A. extracts, produces, and sells coal, coke, and hydrocarbons. The last earnings update was 92 days ago. More info.


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  • Jastrzebska Spólka Weglowa has significant price volatility in the past 3 months.
JSW Share Price and Events
7 Day Returns
-2.3%
WSE:JSW
0.9%
PL Metals and Mining
0.9%
PL Market
1 Year Returns
-37%
WSE:JSW
-21.6%
PL Metals and Mining
-6.4%
PL Market
JSW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jastrzebska Spólka Weglowa (JSW) -2.3% -6.7% -15.1% -37% 474.6% 19.6%
PL Metals and Mining 0.9% 2.3% 0.5% -21.6% 56.7% -2.6%
PL Market 0.9% 0.7% 5.7% -6.4% 18.9% -5.8%
1 Year Return vs Industry and Market
  • JSW underperformed the Metals and Mining industry which returned -21.6% over the past year.
  • JSW underperformed the Market in Poland which returned -6.4% over the past year.
Price Volatility
JSW
Industry
5yr Volatility vs Market

Value

 Is Jastrzebska Spólka Weglowa 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 Jastrzebska Spólka Weglowa 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 Jastrzebska Spólka Weglowa.

WSE:JSW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
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:JSW
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))
= 0.842 (1 + (1- 19%) (10.01%))
0.91
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.91 * 7.15%)
9.36%

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

The calculations below outline how an intrinsic value for Jastrzebska Spólka Weglowa 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:JSW DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 818.43 730.54 345.68 599.00 420.50
Source Analyst x6 Analyst x5 Analyst x5 Analyst x3 Analyst x2
Present Value
Discounted (@ 9.36%)
748.42 610.89 264.34 418.86 268.89
Present value of next 5 years cash flows PLN2,311.40
WSE:JSW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN420.50 × (1 + 2.85%) ÷ (9.36% – 2.85%)
PLN6,648.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN6,648.45 ÷ (1 + 9.36%)5
PLN4,251.35
WSE:JSW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN2,311.40 + PLN4,251.35
PLN6,562.75
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN6,562.75 / 117.41
PLN55.9
WSE:JSW Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN55.90
Current discount Discount to share price of PLN61.60
= -1 x (PLN61.60 - PLN55.90) / PLN55.90
-10.2%

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

  • The current share price of Jastrzebska Spólka Weglowa is above its future cash flow value.
Often investors are willing to pay a premium 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 Jastrzebska Spólka Weglowa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jastrzebska Spólka Weglowa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:JSW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN18.51
WSE:JSW Share Price ** WSE (2019-02-22) in PLN PLN61.6
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.64x
Poland Market PE Ratio Median Figure of 462 Publicly-Listed Companies 10.57x

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

** Primary Listing of Jastrzebska Spólka Weglowa.

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

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

= 61.6 ÷ 18.51

3.33x

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

  • Jastrzebska Spólka Weglowa is good value based on earnings compared to the PL Metals and Mining industry average.
  • Jastrzebska Spólka Weglowa is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Jastrzebska Spólka Weglowa's expected growth come at a high price?
Raw Data
WSE:JSW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-21.8%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 1.14x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.33x ÷ -21.8%

-0.15x

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

  • Jastrzebska Spólka Weglowa earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jastrzebska Spólka Weglowa's assets?
Raw Data
WSE:JSW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN66.58
WSE:JSW Share Price * WSE (2019-02-22) in PLN PLN61.6
Poland Metals and Mining Industry PB Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 0.92x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 1.01x
WSE:JSW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 61.6 ÷ 66.58

0.93x

* Primary Listing of Jastrzebska Spólka Weglowa.

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

  • Jastrzebska Spólka Weglowa is overvalued based on assets compared to the PL Metals and Mining industry average.
X
Value checks
We assess Jastrzebska Spólka Weglowa'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. Jastrzebska Spólka Weglowa has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Jastrzebska Spólka Weglowa expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
-21.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jastrzebska Spólka Weglowa expected to grow at an attractive rate?
  • Jastrzebska Spólka Weglowa's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Jastrzebska Spólka Weglowa's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Jastrzebska Spólka Weglowa's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:JSW Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:JSW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -21.8%
WSE:JSW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.6%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
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:JSW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:JSW Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,821 5
2022-12-31 9,653 988 5
2021-12-31 9,481 1,661 917 6
2020-12-31 9,203 1,831 1,033 9
2019-12-31 9,263 2,207 1,430 10
2018-12-31 9,662 3,060 1,837 7
WSE:JSW Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 9,479 2,979 2,173
2018-06-30 9,117 3,020 2,186
2018-03-31 9,012 2,717 2,428
2017-12-31 8,877 2,871 2,539
2017-09-30 8,852 2,857 2,086
2017-06-30 8,531 2,156 1,587
2017-03-31 7,705 1,562 931
2016-12-31 6,731 897 7
2016-09-30 6,302 547 -2,930
2016-06-30 6,327 757 -2,790
2016-03-31 6,527 688 -3,127
2015-12-31 6,935 725 -3,266

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jastrzebska Spólka Weglowa's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Jastrzebska Spólka Weglowa's revenue is expected to grow by 0.6% 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:JSW 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 10 Analyst Estimates (S&P Global) See Below

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

WSE:JSW Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.80 2.80 2.80 1.00
2021-12-31 3.00 3.00 3.00 1.00
2020-12-31 8.07 12.64 2.70 7.00
2019-12-31 12.32 16.15 6.50 7.00
2018-12-31 16.62 18.27 15.60 5.00
WSE:JSW Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 18.51
2018-06-30 18.62
2018-03-31 20.68
2017-12-31 21.62
2017-09-30 17.77
2017-06-30 13.51
2017-03-31 7.93
2016-12-31 0.06
2016-09-30 -24.96
2016-06-30 -23.77
2016-03-31 -26.63
2015-12-31 -27.81

*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.
  • Jastrzebska Spólka Weglowa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jastrzebska Spólka Weglowa'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.
Jastrzebska Spólka Weglowa 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.

Past Performance

  How has Jastrzebska Spólka Weglowa 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 Jastrzebska Spólka Weglowa'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.
  • Jastrzebska Spólka Weglowa has delivered over 20% year on year earnings growth in the past 5 years.
  • Jastrzebska Spólka Weglowa's 1-year earnings growth is less than its 5-year average (4.2% vs 40.8%)
  • Jastrzebska Spólka Weglowa's earnings growth has not exceeded the PL Metals and Mining industry average in the past year (4.2% vs 13.8%).
Earnings and Revenue History
Jastrzebska Spólka Weglowa'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 Jastrzebska Spólka Weglowa Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:JSW 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 9,479.20 2,172.80 884.20
2018-06-30 9,117.20 2,186.20 864.20
2018-03-31 9,011.80 2,428.30 800.30
2017-12-31 8,877.20 2,538.90 763.20
2017-09-30 8,852.10 2,085.90 747.60
2017-06-30 8,531.20 1,586.50 780.90
2017-03-31 7,705.10 931.00 791.10
2016-12-31 6,731.30 6.70 823.00
2016-09-30 6,301.70 -2,930.20 1,041.80
2016-06-30 6,326.80 -2,790.30 848.10
2016-03-31 6,527.00 -3,127.20 849.30
2015-12-31 6,934.90 -3,265.50 885.60
2015-09-30 7,230.40 -977.50 755.20
2015-06-30 7,187.90 -940.20 1,018.80
2015-03-31 6,961.30 -767.00 988.30
2014-12-31 6,814.90 -659.10 973.10
2014-09-30 6,622.80 -299.40 949.30
2014-06-30 6,648.90 -432.70 887.10
2014-03-31 7,116.80 -154.70 928.90
2013-12-31 7,632.20 77.30 996.70
2013-09-30 7,692.00 31.50 995.30
2013-06-30 8,298.00 373.70 1,027.00
2013-03-31 8,643.60 632.10 1,154.20
2012-12-31 8,821.00 985.10 1,024.40
2012-09-30 9,135.70 2,006.60 976.80
2012-06-30 9,351.60 2,343.20 928.20
2012-03-31 9,466.10 1,953.90 777.60

*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.
  • Jastrzebska Spólka Weglowa has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Jastrzebska Spólka Weglowa used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Jastrzebska Spólka Weglowa has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Jastrzebska Spólka Weglowa'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.
Jastrzebska Spólka Weglowa has a total score of 4/6, 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.

Health

 How is Jastrzebska Spólka Weglowa'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 Jastrzebska Spólka Weglowa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jastrzebska Spólka Weglowa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jastrzebska Spólka Weglowa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jastrzebska Spólka Weglowa'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 5.6x 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 Jastrzebska Spólka Weglowa Company Filings, last reported 4 months ago.

WSE:JSW Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 8,174.40 724.00 2,409.90
2018-06-30 7,810.10 762.00 2,114.10
2018-03-31 7,493.90 802.60 1,362.80
2017-12-31 6,621.50 1,045.00 1,169.60
2017-09-30 5,866.20 1,069.80 2,405.20
2017-06-30 5,517.00 1,287.50 2,087.70
2017-03-31 4,950.30 1,606.10 1,711.00
2016-12-31 4,069.60 1,755.50 1,170.40
2016-09-30 3,622.90 1,347.40 423.10
2016-06-30 3,781.80 1,670.90 319.30
2016-03-31 3,877.90 1,610.20 184.50
2015-12-31 3,934.20 1,743.80 353.50
2015-09-30 6,582.80 1,696.30 497.30
2015-06-30 6,585.40 1,680.50 545.10
2015-03-31 7,008.60 1,629.70 579.90
2014-12-31 7,267.50 1,626.50 731.60
2014-09-30 8,017.60 1,463.30 1,077.00
2014-06-30 8,005.40 245.20 907.20
2014-03-31 8,261.40 257.60 1,556.70
2013-12-31 8,351.60 332.30 2,047.70
2013-09-30 8,352.30 223.70 1,986.60
2013-06-30 8,449.70 240.70 2,429.10
2013-03-31 8,719.20 272.30 2,439.10
2012-12-31 8,573.90 283.40 2,439.60
2012-09-30 8,833.50 328.70 2,539.80
2012-06-30 8,588.80 366.90 2,888.10
2012-03-31 8,940.00 455.00 2,780.20
  • Jastrzebska Spólka Weglowa's level of debt (8.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.7% vs 8.9% today).
  • Debt is well covered by operating cash flow (411.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.5x coverage).
X
Financial health checks
We assess Jastrzebska Spólka Weglowa'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. Jastrzebska Spólka Weglowa has a total score of 5/6, 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.

Dividends

 What is Jastrzebska Spólka Weglowa'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 Jastrzebska Spólka Weglowa dividends. Estimated to be 5.82% next year.
If you bought PLN2,000 of Jastrzebska Spólka Weglowa 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 Jastrzebska Spólka Weglowa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jastrzebska Spólka Weglowa'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:JSW 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 10 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 208 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:JSW Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.01 8.00
2019-12-31 4.10 9.00
2018-12-31 0.00 5.00
WSE:JSW Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2014-11-13 0.000 0.000
2014-08-13 0.000 0.000
2014-05-15 0.000 0.000
2014-04-15 0.000 0.000
2014-03-13 0.000 0.000
2013-05-09 2.520 3.980
2013-03-14 2.520 2.876
2013-01-15 2.520 2.683
2012-01-16 5.380 5.761
2011-07-06 2.160 2.210

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

  • Unable to perform a dividend volatility check as Jastrzebska Spólka Weglowa has not reported any payouts.
  • Unable to verify if Jastrzebska Spólka Weglowa's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jastrzebska Spólka Weglowa's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jastrzebska Spólka Weglowa has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Jastrzebska Spólka Weglowa'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 Jastrzebska Spólka Weglowa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jastrzebska Spólka Weglowa has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Jastrzebska Spólka Weglowa'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
Daniel Ozon
COMPENSATION PLN725,281
TENURE AS CEO 1.9 years
CEO Bio

Mr. Daniel Ozon has been President of the Management Board at Jastrzebska Spólka Weglowa S.A. since November 29, 2017. Mr. Ozon served as Chairman of Supervisory Board at Jastrzebska Spólka Weglowa S.A. from 2016 to November 29, 2017 and served as its Member of Supervisory Board from August 4, 2016 to November 29, 2017. Since 2014 he has been working with EDF Trading in London advising the acquisition transactions when it comes to the steam coal trade, energy and gas on the Polish market and the markets of Central Europe. Since 2010 he is Co-owner of a brokerage house Ventus Asset Management SA holding a full license of KNF (Polish Financial Supervision Authority). He served as an Investment Director at Carlson Private Equity Limited. In 2008-2011, he worked with Experior Partner. From 2004 to 2006, he worked with BBK Poland as Director. From 1999 to 2004 he was employed at Bank Handlowy Citibank, where he headed the Department of Restructuring and Finance Department of Commerce. He served as Member of the Supervisory Board at PCC Exol Spólka Akcyjna until Decemberr 2017. Mr. Ozon Specialisez in the fields of financial advisory for companies, banking (investment and corporate), mergers, acquisitions, restructuring, finance, management, the increase in value. He graduated from School of Economics, he studied at the Faculty of Law at the University of Warsaw.

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

Average tenure of the Jastrzebska Spólka Weglowa management team in years:

1.9
Average Tenure
  • The average tenure for the Jastrzebska Spólka Weglowa management team is less than 2 years, this suggests a new team.
Management Team

Daniel Ozon

TITLE
President of the Management Board
COMPENSATION
PLN725K
TENURE
1.9 yrs

Artur Wojtków

TITLE
Vice President of the Management Board for Employment & Social Policy
COMPENSATION
PLN600K
TENURE
9.5 yrs

Robert Ostrowski

TITLE
Deputy President of the Management Board for Economic Affairs
COMPENSATION
PLN600K
TENURE
3 yrs

Tomasz Sledz

TITLE
Vice-President of the Management Board for Technical Matters
COMPENSATION
PLN614K
TENURE
1.3 yrs

Robert Kudelski

TITLE
Secretary & Supervisory Board Member
COMPENSATION
PLN53K
TENURE
0.6 yrs

Adam Manka

TITLE
Department Director & Chief Accountant

Pawel Warzecha

TITLE
Head of Investors Relation Office

Tadeusz Gicala

TITLE
Director of the Legal Office

Jan Bogolubow

TITLE
Executive Officer
COMPENSATION
PLN20K

Piotr Chrzan

TITLE
Executive Officer
COMPENSATION
PLN700
Board of Directors Tenure

Average tenure of the Jastrzebska Spólka Weglowa board of directors in years:

2.2
Average Tenure
  • The average tenure for the Jastrzebska Spólka Weglowa board of directors is less than 3 years, this suggests a new board.
Board of Directors

Halina Buk

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN53K
TENURE
0.6 yrs

Antoni Malinowski

TITLE
Supervisory Board Member
COMPENSATION
PLN53K
AGE
67

Robert Kudelski

TITLE
Secretary & Supervisory Board Member
COMPENSATION
PLN53K
TENURE
6.8 yrs

Alojzy Nowak

TITLE
Supervisory Board Member
COMPENSATION
PLN53K
TENURE
6.8 yrs

Eugeniusz Baron

TITLE
Former Secretary
COMPENSATION
PLN53K
AGE
59
TENURE
6.8 yrs

Adam Pawlicki

TITLE
Supervisory Board Member
COMPENSATION
PLN53K
TENURE
2.5 yrs

Tomasz Lis

TITLE
Supervisory Board Member
COMPENSATION
PLN53K
TENURE
2.2 yrs

Arkadiusz Wypych

TITLE
Supervisory Board Member
TENURE
1.1 yrs

Pawel Bieszczad

TITLE
Member of Supervisory Board
TENURE
0.7 yrs

Tadeusz Kubiczek

TITLE
Member of Supervisory Board
TENURE
0.7 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 Jastrzebska Spólka Weglowa'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. Jastrzebska Spólka Weglowa 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.

News

Simply Wall St News

Should You Be Impressed By Jastrzebska Spólka Weglowa SA's (WSE:JSW) ROE?

Over the last twelve months Jastrzebska Spólka Weglowa has recorded a ROE of 27%. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.27 in profit. … See our latest analysis for Jastrzebska Spólka Weglowa?

Simply Wall St -

Can Jastrzebska Spólka Weglowa SA (WSE:JSW) Continue To Outperform Its Industry?

This analysis is intended to introduce important early concepts to people who are starting to invest. … With an ROE of 32.54%, Jastrzebska Spólka Weglowa SA (WSE:JSW) outpaced its own industry which delivered a less exciting 12.16% over the past year. … Check out our latest analysis for Jastrzebska Spólka Weglowa

Simply Wall St -

What You Must Know About Jastrzebska Spólka Weglowa SA's (WSE:JSW) Financial Health

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Jastrzebska Spólka Weglowa SA (WSE:JSW), with a market cap of zł9.33b, are often out of the spotlight. … This article will examine JSW’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … See our latest analysis for Jastrzebska Spólka Weglowa

Simply Wall St -

What Does Jastrzebska Spólka Weglowa SA's (WSE:JSW) Ownership Structure Look Like?

In this analysis, my focus will be on developing a perspective on Jastrzebska Spólka Weglowa SA’s (WSE:JSW) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … See our latest analysis for Jastrzebska Spólka Weglowa

Simply Wall St -

Calculating The Intrinsic Value Of Jastrzebska Spólka Weglowa SA (WSE:JSW)

Does the share price for Jastrzebska Spólka Weglowa SA (WSE:JSW) reflect it's really worth? … by projecting its future cash flows and then discounting them to today's value. … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Jastrzebska Spólka Weglowa by following the link below.

Simply Wall St -

What Are Analysts Expecting From Jastrzebska Spólka Weglowa SA. (WSE:JSW) Over The Next Few Years?

The latest earnings announcement Jastrzebska Spólka Weglowa SA.'s (WSE:JSW) released in December 2017 showed that the business gained from a significant tailwind, more than doubling its earnings from the prior year. … Below is a brief commentary on my key takeaways on how market analysts perceive Jastrzebska Spólka Weglowa's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for Jastrzebska Spólka Weglowa Analysts' outlook for this coming year seems pessimistic, with earnings reducing by a double-digit -16.99%.

Simply Wall St -

Is Jastrzebska Spólka Weglowa SA. (WSE:JSW) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for JSW Price per share = PLN82.82 Earnings per share = PLN21.624 ∴ Price-Earnings Ratio = PLN82.82 ÷ PLN21.624 = 3.8x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with JSW, then investors would naturally value JSW at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with JSW, investors would also value JSW at a lower price since it is a lower growth investment.

Simply Wall St -

When Should You Buy Jastrzebska Spólka Weglowa SA. (WSE:JSW)?

A question to answer is whether Jastrzebska Spólka Weglowa's current trading price of PLN86.78 reflective of the actual value of the mid-cap? … Let’s take a look at Jastrzebska Spólka Weglowa’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … It’s trading around 6.13% below my intrinsic value, which means if you buy Jastrzebska Spólka Weglowa today, you’d be paying a fair price for it.

Simply Wall St -

Estimating The Fair Value Of Jastrzebska Spólka Weglowa SA. (WSE:JSW)

In this article I am going to calculate the intrinsic value of Jastrzebska Spólka Weglowa SA. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (PLN, Millions) PLN1,052.50 PLN1,264.05 PLN817.83 PLN764.33 PLN852.33 Source Analyst x2 Analyst x4 Analyst x6 Analyst x3 Analyst x3 Present Value Discounted @ 10.58% PLN951.77 PLN1,033.68 PLN604.78 PLN511.12 PLN515.42 Present Value of 5-year Cash Flow (PVCF)= PLN3,617 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = PLN852 × (1 + 3.3%) ÷ (10.6% – 3.3%) = PLN12,137 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = PLN12,137 / ( 1 + 10.6%)5 = PLN7,339 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is PLN10,956.

Simply Wall St -

Brokers' Outlook On Jastrzebska Spólka Weglowa Spólka Akcyjna (WSE:JSW)

Jastrzebska Spólka Weglowa Spólka Akcyjna (WSE:JSW) is a company I've been following for a while, and the biggest I see is around the sustainability of the business going forward. … Firstly, a quick intro on the company - Jastrzebska Spólka Weglowa Spólka Akcyjna extracts, produces, processess, and sells coal and coke. … Jastrzebska Spólka Weglowa Spólka Akcyjna's balance sheet is healthy, with high levels of cash generated from its core operating activities (2.75x debt) able to service its borrowings.

Simply Wall St -

Company Info

Map
Description

Jastrzebska Spólka Weglowa S.A. extracts, produces, and sells coal, coke, and hydrocarbons. It operates the Borynia-Zofiówka-Jastrzebie, Budryk, Knurów-Szczyglowice and Pniówek, mines in the Upper and Lower Silesia in Poland. The company provides research and inspection services; and technical research services, chemical and physiochemical analyses of minerals, solid liquid, and gaseous materials and products. It is also involved in the provision of access to railway lines; maintenance of railway infrastructure buildings and equipment; construction and repairs of railway systems and railway facilities; building security services; and water and sewage-related services, discharge of salt water, supply of industrial water, reclamation activity and production of salt. In addition, the company provides IT services, computer hardware consulting, and data processing services; insurance intermediation services; tourist and hotel services; rail siding; transportation and general construction services; and mechanic, electric repairs, and maintenance of automation technology services. Further, it manufactures spare parts, assemblies, devices, steel structures, technical equipment, tools, and instruments. The company serves energy companies, and heat and power plants in Poland, Germany, Austria, the Czech Republic, Slovakia, Italy, India, Brazil, and other countries. The company was founded in 1993 and is based in Jastrzebie-Zdrój, Poland.

Details
Name: Jastrzebska Spólka Weglowa S.A.
JSW
Exchange: WSE
Founded: 1993
PLN7,232,554,313
117,411,596
Website: http://www.jsw.pl
Address: Jastrzebska Spólka Weglowa S.A.
Aleja Jana Pawla II 4,
Jastrzebie-Zdrój,
44-330,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE JSW Common Shares Warsaw Stock Exchange PL PLN 06. Jul 2011
DB J2S Common Shares Deutsche Boerse AG DE EUR 06. Jul 2011
LSE 0Q45 Common Shares London Stock Exchange GB PLN 06. Jul 2011
Number of employees
Current staff
Staff numbers
26,465
Jastrzebska Spólka Weglowa employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 22:01
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/21
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.