Jastrzebska Spólka Weglowa
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
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Jastrzebska Spólka Weglowa.
| 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.
| 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.
| 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 |
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Jastrzebska Spólka Weglowa's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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%).
Future performance checks
We assess Jastrzebska Spólka Weglowa's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Jastrzebska Spólka Weglowa Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Jastrzebska Spólka Weglowa's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Jastrzebska Spólka Weglowa Company Filings, last reported 4 months ago.
| 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).
Financial health checks
We assess Jastrzebska Spólka Weglowa's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Jastrzebska Spólka Weglowa has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Jastrzebska Spólka Weglowa's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Jastrzebska Spólka Weglowa management team is less than 2 years, this suggests a new team.
Management Team
Daniel Ozon
President of the Management Board
PLN725K
1.9 yrs
Artur Wojtków
Vice President of the Management Board for Employment & Social Policy
PLN600K
9.5 yrs
Robert Ostrowski
Deputy President of the Management Board for Economic Affairs
PLN600K
3 yrs
Tomasz Sledz
Vice-President of the Management Board for Technical Matters
PLN614K
1.3 yrs
Robert Kudelski
Secretary & Supervisory Board Member
PLN53K
0.6 yrs
Adam Manka
Department Director & Chief Accountant
Pawel Warzecha
Head of Investors Relation Office
Tadeusz Gicala
Director of the Legal Office
Jan Bogolubow
Executive Officer
PLN20K
Piotr Chrzan
Executive Officer
PLN700
Board of Directors Tenure
Average tenure of the Jastrzebska Spólka Weglowa board of directors in years:
- 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
Chairman of the Supervisory Board
PLN53K
0.6 yrs
Antoni Malinowski
Supervisory Board Member
PLN53K
67
Robert Kudelski
Secretary & Supervisory Board Member
PLN53K
6.8 yrs
Alojzy Nowak
Supervisory Board Member
PLN53K
6.8 yrs
Eugeniusz Baron
Former Secretary
PLN53K
59
6.8 yrs
Adam Pawlicki
Supervisory Board Member
PLN53K
2.5 yrs
Tomasz Lis
Supervisory Board Member
PLN53K
2.2 yrs
Arkadiusz Wypych
Supervisory Board Member
1.1 yrs
Pawel Bieszczad
Member of Supervisory Board
0.7 yrs
Tadeusz Kubiczek
Member of Supervisory Board
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Jastrzebska Spólka Weglowa's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleWhat 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 - – Full articleWhat 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 - – Full articleCalculating 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleWhen 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 - – Full articleEstimating 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 - – Full articleBrokers' 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 - – Full articleCompany 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
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.
