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Libet

WSE:LBT
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LBT
WSE
PLN55M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Libet S.A. manufactures and sells sett and other concrete surfacing materials in Poland. The last earnings update was 54 days ago. More info.


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LBT Share Price and Events
7 Day Returns
-0.9%
WSE:LBT
-2%
PL Basic Materials
1.2%
PL Market
1 Year Returns
-39.4%
WSE:LBT
-9.1%
PL Basic Materials
-13.1%
PL Market
LBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Libet (LBT) -0.9% -1.8% 0.9% -39.4% -27.3% -66.8%
PL Basic Materials -2% -1.7% -4.2% -9.1% -3.9% -30.1%
PL Market 1.2% 4.4% 7.5% -13.1% 24.6% 0.2%
1 Year Return vs Industry and Market
  • LBT underperformed the Basic Materials industry which returned -9.1% over the past year.
  • LBT underperformed the Market in Poland which returned -13.1% over the past year.
Price Volatility
LBT
Industry
5yr Volatility vs Market

LBT Value

 Is Libet 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 Libet 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 Libet.

WSE:LBT 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 12.1%
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:LBT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.52
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.521 (1 + (1- 19%) (184.63%))
1.3
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.3 * 7.15%)
12.14%

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

The calculations below outline how an intrinsic value for Libet 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:LBT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 41.80 42.44 43.09 43.74 44.41
Source Est @ 1.52% Est @ 1.52% Est @ 1.52% Est @ 1.52% Est @ 1.52%
Present Value
Discounted (@ 12.14%)
37.28 33.75 30.55 27.66 25.04
Present value of next 5 years cash flows PLN154.27
WSE:LBT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN44.41 × (1 + 2.85%) ÷ (12.14% – 2.85%)
PLN491.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN491.48 ÷ (1 + 12.14%)5
PLN277.10
WSE:LBT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN154.27 + PLN277.10
PLN431.37
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN431.37 / 50.00
PLN8.63
WSE:LBT Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN8.63
Current discount Discount to share price of PLN1.09
= -1 x (PLN1.09 - PLN8.63) / PLN8.63
87.4%

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

Current Discount
Amount off the current price Libet is available for.
Intrinsic value
>50%
Share price is PLN1.09 vs Future cash flow value of PLN8.63
Current Discount Checks
For Libet to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Libet's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Libet'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 Libet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Libet's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:LBT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN-0.35
WSE:LBT Share Price ** WSE (2019-01-22) in PLN PLN1.09
Poland Basic Materials Industry PE Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 8.48x
Poland Market PE Ratio Median Figure of 449 Publicly-Listed Companies 10.26x

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

** Primary Listing of Libet.

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

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

= 1.09 ÷ -0.35

-3.08x

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

  • Libet is loss making, we can't compare its value to the PL Basic Materials industry average.
  • Libet is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Libet's expected growth come at a high price?
Raw Data
WSE:LBT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.11x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.22x

*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 Libet, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Libet's assets?
Raw Data
WSE:LBT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN3.05
WSE:LBT Share Price * WSE (2019-01-22) in PLN PLN1.09
Poland Basic Materials Industry PB Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 0.57x
Poland Market PB Ratio Median Figure of 688 Publicly-Listed Companies 0.98x
WSE:LBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.09 ÷ 3.05

0.36x

* Primary Listing of Libet.

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

  • Libet is good value based on assets compared to the PL Basic Materials industry average.
X
Value checks
We assess Libet'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. Libet 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.

LBT Future Performance

 How is Libet expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Libet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
11%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Libet expected to grow at an attractive rate?
  • Unable to compare Libet's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Libet's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Libet's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:LBT Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 11%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Poland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:LBT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:LBT Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 204 21 -18
2018-06-30 239 15 -13
2018-03-31 282 24 -17
2017-12-31 288 22 -21
2017-09-30 284 18 -9
2017-06-30 283 27 -9
2017-03-31 282 24 -6
2016-12-31 284 31 -8
2016-09-30 286 45 -15
2016-06-30 290 44 -13
2016-03-31 287 47 -10
2015-12-31 287 42 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Libet is high growth as no earnings estimate data is available.
  • Unable to determine if Libet 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:LBT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

WSE:LBT Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 -0.35
2018-06-30 -0.26
2018-03-31 -0.34
2017-12-31 -0.43
2017-09-30 -0.18
2017-06-30 -0.17
2017-03-31 -0.12
2016-12-31 -0.15
2016-09-30 -0.31
2016-06-30 -0.25
2016-03-31 -0.19
2015-12-31 -0.08

*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 Libet will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Libet is trading at Libet'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Libet's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Libet's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Libet'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.
Libet 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.

LBT Past Performance

  How has Libet 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 Libet'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.
  • Libet does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Libet's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Libet's 1-year growth to the Europe Basic Materials industry average as it is not currently profitable.
Earnings and Revenue History
Libet'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 Libet Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:LBT Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 203.58 -17.67 49.18
2018-06-30 239.17 -13.19 51.59
2018-03-31 281.67 -16.91 56.96
2017-12-31 288.21 -21.30 57.14
2017-09-30 284.26 -8.89 50.41
2017-06-30 282.63 -8.63 52.02
2017-03-31 281.83 -6.16 51.69
2016-12-31 284.24 -7.69 53.61
2016-09-30 285.91 -15.39 61.81
2016-06-30 290.09 -12.54 58.16
2016-03-31 286.65 -9.55 52.47
2015-12-31 286.55 -4.21 50.57
2015-09-30 285.60 -1.00 39.76
2015-06-30 279.09 -0.74 38.23
2015-03-31 272.71 -0.15 40.12
2014-12-31 269.72 0.26 37.42
2014-09-30 270.30 7.34 37.32
2014-06-30 264.21 8.39 37.80
2014-03-31 239.93 9.74 35.12
2013-12-31 219.96 6.13 35.27
2013-09-30 213.15 8.99 33.82
2013-06-30 198.47 8.31 34.04
2013-03-31 204.23 3.88 36.65
2012-12-31 209.47 3.45 36.05
2012-09-30 229.46 10.60 35.43
2012-06-30 257.26 23.32 30.76
2012-03-31 279.92 31.71 30.03

*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.
  • It is difficult to establish if Libet has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Libet has efficiently used its assets last year compared to the PL Basic Materials industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Libet improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Libet'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.
Libet has a total score of 0/6, 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.

LBT Health

 How is Libet'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 Libet's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Libet's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Libet's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Libet'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 not covered by short term assets, assets are 0.8x 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 Libet Company Filings, last reported 3 months ago.

WSE:LBT Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 152.72 100.62 0.63
2018-06-30 155.10 105.40 0.65
2018-03-31 151.77 110.56 0.35
2017-12-31 155.07 103.20 1.07
2017-09-30 203.01 101.11 1.27
2017-06-30 200.53 103.01 1.66
2017-03-31 194.54 107.56 0.42
2016-12-31 175.51 107.02 4.51
2016-09-30 200.99 101.01 0.51
2016-06-30 198.49 106.68 1.60
2016-03-31 196.16 110.55 0.26
2015-12-31 205.50 106.25 0.70
2015-09-30 224.70 109.71 1.09
2015-06-30 220.53 113.72 0.23
2015-03-31 217.20 118.08 0.13
2014-12-31 212.58 114.46 0.89
2014-09-30 220.12 90.63 1.71
2014-06-30 214.75 96.09 0.04
2014-03-31 206.20 97.85 0.01
2013-12-31 212.32 95.64 0.22
2013-09-30 212.79 101.72 0.18
2013-06-30 206.36 106.20 3.05
2013-03-31 199.00 106.22 0.09
2012-12-31 206.18 97.47 2.95
2012-09-30 203.84 97.58 0.37
2012-06-30 198.05 106.02 0.14
2012-03-31 215.12 107.53 1.44
  • Libet's level of debt (65.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.8% vs 65.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Libet has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Libet has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -27.2% per year.
X
Financial health checks
We assess Libet'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. Libet has a total score of 3/6, 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.

LBT Dividends

 What is Libet'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 Libet dividends.
If you bought PLN2,000 of Libet 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 Libet's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Libet'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:LBT 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 23 Stocks 3.2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
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.

WSE:LBT Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2014-08-28 0.000 0.000
2014-05-15 0.000 0.000
2014-04-04 0.000 0.000
2013-03-21 0.000 0.000
2012-11-14 0.400 17.834
2012-08-31 0.400 16.440
2012-04-26 0.400 10.902
2011-11-08 0.710 17.834
2011-08-31 0.710 18.859
2011-05-16 0.710 17.763
2011-04-28 0.710 15.277

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

  • Unable to perform a dividend volatility check as Libet has not reported any payouts.
  • Unable to verify if Libet's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Libet's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Libet 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 Libet's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Libet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Libet 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.

LBT Management

 What is the CEO of Libet'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
Thomas Lehmann
COMPENSATION PLN0
CEO Bio

Mr. Thomas Lehmann serves as the President of Management Board and Managing Director at Libet S.A. Mr. Lehmann served as Chief Executive Director of Libet Spolka Akcyjna.

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

Thomas Lehmann

TITLE
President of Management Board & MD

Ireneusz Gronostaj

TITLE
Director of Finance & Member of Management Board
Board of Directors

Jerzy Gabrielczyk

TITLE
Chairman of Supervisory Board
TENURE
4.1 yrs

Slawomir Najnigier

TITLE
Member of Supervisory Board

Tomasz Krysztofiak

TITLE
Member of Supervisory Board
AGE
56

Piotr Lyskawa

TITLE
Member of the Supervisory Board
TENURE
3.3 yrs

Tomasz Pelczar

TITLE
Member of the Supervisory Board

Piotr Nowjalis

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 Libet'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. Libet 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.

LBT News

Simply Wall St News

What Kind Of Shareholders Own Libet S.A. (WSE:LBT)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … institutional investors have bought into the company.

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Is Libet SA (WSE:LBT) A Financially Sound Company?

Libet SA (WSE:LBT) is a small-cap stock with a market capitalization of zł55m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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What Investors Should Know About Libet SA's (WSE:LBT) Financial Strength

Investors are always looking for growth in small-cap stocks like Libet SA (WSE:LBT), with a market cap of zł62.50m. … However, an important fact which most ignore is: how financially healthy is the business?

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How Libet SA. (WSE:LBT) Can Impact Your Portfolio Volatility

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … See our latest analysis for Libet An interpretation of LBT's beta Libet’s beta of 0.42 indicates that the company is less volatile relative to the diversified market portfolio. … How LBT's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Who Really Owns Libet SA. (WSE:LBT)?

View our latest analysis for Libet WSE:LBT Ownership_summary Apr 16th 18 Institutional Ownership LBT's 41.55% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … General Public Ownership The general public holds a substantial 28.39% stake in LBT, making it a highly popular stock among retail investors. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: LBT's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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What Investors Should Know About Libet SA.'s (WSE:LBT) Financial Strength

At this stable level of debt, LBT currently has ZŁ4.51M remaining in cash and short-term investments , ready to deploy into the business. … Moreover, LBT has produced ZŁ29.63M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 29.25%, signalling that LBT’s current level of operating cash is high enough to cover debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: Although LBT’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

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Where Libet SA. (WSE:LBT) Stands In Earnings Growth Against Its Industry

After reading Libet SA.'s (WSE:LBT) most recent earnings announcement (30 September 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Libet Did LBT beat its long-term earnings growth trend and its industry? … I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

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LBT Company Info

Map
Description

Libet S.A. manufactures and sells sett and other concrete surfacing materials in Poland. The company’s products include pavement blocks, blasted-brushed surfaces, upholstered surfaces, washed surfaces, single color spaces, unique surfaces, terrace tiles, complimentary elements, natural stones, classic aesthetic products, gres tiles, and facade products. Its products are used in gardening paths, drives, stairs, and terraces. The company also offers stone tiles and industrial products, including curbs and fringes, cobblestones and concrete tiles, openwork tiles, and pile walls, as well as provides professional consultancy services. Libet S.A. distributes its products through a network of retail outlets and direct sales to road construction companies, wholesalers, and construction companies. The company is based in Wroclaw, Poland.

Details
Name: Libet S.A.
LBT
Exchange: WSE
Founded:
PLN54,500,000
50,000,000
Website: http://www.libet.pl
Address: Libet S.A.
ul. Powstanców Slaskich 5,
Wroclaw,
53-332,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE LBT Common Bearer Shares Warsaw Stock Exchange PL PLN 28. Apr 2011
LSE 0Q3Z Common Bearer Shares London Stock Exchange GB PLN 28. Apr 2011
Number of employees
Current staff
Staff numbers
0
Libet employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/22 21:35
End of day share price update: 2019/01/22 00:00
Last earnings filing: 2018/11/29
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.