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MEGARON Spólka Akcyjna

WSE:MEG
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEG
WSE
PLN33M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

MEGARON Spólka Akcyjna produces and sells mineral mixtures in Poland and internationally. The last earnings update was 114 days ago. More info.


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MEG Share Price and Events
7 Day Returns
0%
WSE:MEG
-0.1%
PL Basic Materials
-1%
PL Market
1 Year Returns
-
WSE:MEG
-9.8%
PL Basic Materials
-2%
PL Market
MEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MEGARON Spólka Akcyjna (MEG) 0% 0.8% - - -13.6% -25.4%
PL Basic Materials -0.1% 4.5% 18.6% -9.8% 12.7% -16.4%
PL Market -1% -0.8% 5% -2% 12.4% -4.7%
1 Year Return vs Industry and Market
  • No trading data on MEG.
  • No trading data on MEG.
Price Volatility
MEG
Industry
5yr Volatility vs Market

Value

 Is MEGARON Spólka Akcyjna undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MEGARON Spólka Akcyjna to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MEGARON Spólka Akcyjna.

WSE:MEG 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 10%
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:MEG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.882 (1 + (1- 19%) (17.23%))
1.004
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.004 * 7.14%)
10.02%

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

The calculations below outline how an intrinsic value for MEGARON Spólka Akcyjna is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:MEG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 10.02%)
2019 3.71 Est @ 20.17% 3.37
2020 4.27 Est @ 14.97% 3.52
2021 4.75 Est @ 11.34% 3.57
2022 5.17 Est @ 8.79% 3.53
2023 5.53 Est @ 7.01% 3.43
2024 5.85 Est @ 5.76% 3.30
2025 6.13 Est @ 4.89% 3.14
2026 6.39 Est @ 4.28% 2.98
2027 6.64 Est @ 3.85% 2.81
2028 6.88 Est @ 3.55% 2.65
Present value of next 10 years cash flows PLN32.30
WSE:MEG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN6.88 × (1 + 2.85%) ÷ (10.02% – 2.85%)
PLN98.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN98.70 ÷ (1 + 10.02%)10
PLN38.00
WSE:MEG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN32.30 + PLN38.00
PLN70.30
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN70.30 / 2.70
PLN26.04
WSE:MEG Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN26.04
Current discount Discount to share price of PLN12.10
= -1 x (PLN12.10 - PLN26.04) / PLN26.04
53.5%

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

Current Discount
Amount off the current price MEGARON Spólka Akcyjna is available for.
Intrinsic value
>50%
Share price is PLN12.1 vs Future cash flow value of PLN26.04
Current Discount Checks
For MEGARON Spólka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MEGARON Spólka Akcyjna's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MEGARON Spólka Akcyjna's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MEGARON Spólka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MEGARON Spólka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:MEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN1.42
WSE:MEG Share Price ** WSE (2019-03-14) in PLN PLN12.1
Poland Basic Materials Industry PE Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 10.1x
Poland Market PE Ratio Median Figure of 467 Publicly-Listed Companies 10.86x

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

** Primary Listing of MEGARON Spólka Akcyjna.

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

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

= 12.1 ÷ 1.42

8.55x

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

  • MEGARON Spólka Akcyjna is good value based on earnings compared to the PL Basic Materials industry average.
  • MEGARON Spólka Akcyjna is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does MEGARON Spólka Akcyjna's expected growth come at a high price?
Raw Data
WSE:MEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-19.7%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 18 Publicly-Listed Basic Materials Companies 1.15x
Poland Market PEG Ratio Median Figure of 116 Publicly-Listed Companies 1.13x

*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 MEGARON Spólka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MEGARON Spólka Akcyjna's assets?
Raw Data
WSE:MEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN5.70
WSE:MEG Share Price * WSE (2019-03-14) in PLN PLN12.1
Poland Basic Materials Industry PB Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 0.62x
Poland Market PB Ratio Median Figure of 690 Publicly-Listed Companies 1.01x
WSE:MEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.1 ÷ 5.70

2.12x

* Primary Listing of MEGARON Spólka Akcyjna.

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

  • MEGARON Spólka Akcyjna is overvalued based on assets compared to the PL Basic Materials industry average.
X
Value checks
We assess MEGARON Spólka Akcyjna's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. MEGARON Spólka Akcyjna has a total score of 4/6, 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 MEGARON Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover MEGARON Spólka Akcyjna, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-19.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MEGARON Spólka Akcyjna expected to grow at an attractive rate?
  • MEGARON Spólka Akcyjna'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
  • MEGARON Spólka Akcyjna's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Unable to compare MEGARON Spólka Akcyjna's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:MEG Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:MEG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -19.7%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:MEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:MEG Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 44 6 4
2018-06-30 44 2 1
2018-03-31 43 -1 0
2017-12-31 42 -2 -1
2017-09-30 42 -1 -1
2017-06-30 41 1 2
2017-03-31 41 5 4
2016-12-31 39 4 4
2016-09-30 39 4 3
2016-06-30 40 5 4
2016-03-31 40 6 4
2015-12-31 42 7 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MEGARON Spólka Akcyjna's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if MEGARON Spólka Akcyjna is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:MEG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MEGARON Spólka Akcyjna Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MEG Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 1.42
2018-06-30 0.40
2018-03-31 -0.02
2017-12-31 -0.24
2017-09-30 -0.28
2017-06-30 0.78
2017-03-31 1.36
2016-12-31 1.42
2016-09-30 1.27
2016-06-30 1.43
2016-03-31 1.48
2015-12-31 1.66

*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 MEGARON Spólka Akcyjna will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MEGARON Spólka Akcyjna's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MEGARON Spólka Akcyjna 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 MEGARON Spólka Akcyjna performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MEGARON Spólka Akcyjna's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MEGARON Spólka Akcyjna's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • MEGARON Spólka Akcyjna has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • MEGARON Spólka Akcyjna has become profitable in the last year making it difficult to compare the Europe Basic Materials industry average.
Earnings and Revenue History
MEGARON Spólka Akcyjna's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MEGARON Spólka Akcyjna Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:MEG 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 44.20 3.82 16.47
2018-06-30 44.02 1.07 19.83
2018-03-31 42.85 -0.06 20.13
2017-12-31 42.40 -0.66 20.89
2017-09-30 41.70 -0.75 20.34
2017-06-30 40.77 2.11 16.21
2017-03-31 40.99 3.67 14.91
2016-12-31 39.48 3.84 13.32
2016-09-30 38.54 3.42 13.01
2016-06-30 39.81 3.85 13.19
2016-03-31 40.43 4.01 13.34
2015-12-31 41.75 4.48 13.50
2015-09-30 41.78 4.12 13.46
2015-06-30 41.55 4.43 13.21
2015-03-31 41.81 4.45 13.08
2014-12-31 41.57 3.99 13.20
2014-09-30 43.06 4.54 13.59
2014-06-30 42.66 1.67 16.23
2014-03-31 43.20 1.88 16.00
2013-12-31 41.08 1.50 15.77
2013-09-30 41.08 1.75 15.97
2013-06-30 41.10 4.21 13.73
2013-03-31 41.54 4.53 14.27
2012-12-31 42.81 4.95 14.47
2012-09-30 42.69 5.60 13.68
2012-06-30 43.60 5.45 14.17
2012-03-31 42.09 5.32 13.52

*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.
  • MEGARON Spólka Akcyjna has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • MEGARON Spólka Akcyjna used its assets more efficiently than the PL Basic Materials industry average last year based on Return on Assets.
  • MEGARON Spólka Akcyjna's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MEGARON Spólka Akcyjna's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MEGARON Spólka Akcyjna has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is MEGARON Spólka Akcyjna's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MEGARON Spólka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MEGARON Spólka Akcyjna is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MEGARON Spólka Akcyjna's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MEGARON Spólka Akcyjna's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x 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 MEGARON Spólka Akcyjna Company Filings, last reported 5 months ago.

WSE:MEG Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 15.40 5.63 0.10
2018-06-30 14.49 4.45 0.91
2018-03-31 16.64 5.61 0.57
2017-12-31 14.72 6.29 0.87
2017-09-30 14.14 3.20 1.15
2017-06-30 15.98 0.88 4.06
2017-03-31 22.88 0.00 3.00
2016-12-31 21.57 0.06 4.59
2016-09-30 22.23 0.03 4.23
2016-06-30 21.22 0.04 4.61
2016-03-31 22.42 0.05 2.06
2015-12-31 20.93 0.08 4.46
2015-09-30
2015-06-30 20.87 0.00 4.13
2015-03-31 21.44 0.00 1.11
2014-12-31 20.72 0.00 3.41
2014-09-30 21.01 0.00 1.66
2014-06-30 19.25 0.00 1.71
2014-03-31 19.72 1.00 0.51
2013-12-31 18.22 1.18 1.09
2013-09-30 17.96 3.00 0.83
2013-06-30 19.07 0.61 1.78
2013-03-31 20.01 0.67 1.00
2012-12-31 18.87 1.08 0.92
2012-09-30 19.39 0.86 0.57
2012-06-30 18.05 0.92 2.22
2012-03-31 18.66 1.62 0.66
  • MEGARON Spólka Akcyjna's level of debt (36.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.6% vs 36.6% today).
  • Debt is well covered by operating cash flow (111.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.7x coverage).
X
Financial health checks
We assess MEGARON Spólka Akcyjna's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MEGARON Spólka Akcyjna 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 MEGARON Spólka Akcyjna's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.85%
Current annual income from MEGARON Spólka Akcyjna dividends.
If you bought PLN2,000 of MEGARON Spólka Akcyjna shares you are expected to receive PLN157 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?
  • MEGARON Spólka Akcyjna's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.56%).
  • MEGARON Spólka Akcyjna's dividend is above the markets top 25% of dividend payers in Poland (7.55%).
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:MEG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 3.2%
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 7.6%

Industry and Market average data is calculated daily.

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

WSE:MEG Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-12-12 0.950 7.853
2018-09-28 0.950 7.792
2018-06-05 0.000 0.000
2017-10-06 1.420 10.102
2017-05-11 1.420 9.314
2016-09-05 1.300 9.153
2016-05-05 1.300 9.424
2015-05-26 1.160 8.060
2015-02-27 1.160 5.122
2014-11-17 0.920 4.656
2014-09-23 0.920 6.068
2014-05-15 0.550 3.458
2014-02-26 0.550 3.204
2013-08-30 1.180 5.546
2013-04-30 1.180 4.074
2012-05-02 1.600 5.244
2012-02-29 0.580 1.832
2011-12-07 1.160 5.328
2011-11-21 1.160 5.221
2011-08-31 1.160 5.548
2011-05-20 0.370 1.573

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

  • MEGARON Spólka Akcyjna has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but MEGARON Spólka Akcyjna only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of MEGARON Spólka Akcyjna's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
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 MEGARON Spólka Akcyjna'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 MEGARON Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MEGARON Spólka Akcyjna has a total score of 3/6, 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 MEGARON Spólka Akcyjna's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Piotr Sikora
COMPENSATION PLN0
CEO Bio

Mr. Piotr Andrzej Sikora serves as the President of the Management Board at MEGARON Spolka Akcyjna.

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

Piotr Sikora

TITLE
President of the Management Board

Arkadiusz Mielczarek

TITLE
Secretary of the Supervisory Board
TENURE
7.2 yrs

Jacek Zieziulewicz

TITLE
Vice-President of the Management Board
TENURE
4 yrs
Board of Directors Tenure

Average tenure of the MEGARON Spólka Akcyjna board of directors in years:

11.2
Average Tenure
  • The average tenure for the MEGARON Spólka Akcyjna board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mariusz Adamowicz

TITLE
Chairman of the Supervisory Board
TENURE
11.2 yrs

Arkadiusz Mielczarek

TITLE
Secretary of the Supervisory Board

Mieszko Parszewski

TITLE
Member of the Supervisory Board
TENURE
11.2 yrs

Mariusz Sikora

TITLE
Member of the Supervisory Board

Mieczyslaw Zywotko

TITLE
Member of the Supervisory Board
TENURE
3.1 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 MEGARON Spólka Akcyjna's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MEGARON Spólka Akcyjna has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

A Close Look At MEGARON Spólka Akcyjna’s (WSE:MEG) 20% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Investors Should Know About MEGARON Spólka Akcyjna's (WSE:MEG) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Don't Sell MEGARON Spólka Akcyjna (WSE:MEG) Before You Read This

To keep it practical, we'll show how MEGARON Spólka Akcyjna's (WSE:MEG) P/E ratio could help you assess the value on offer. … MEGARON Spólka Akcyjna has a P/E ratio of 31.48, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What does MEGARON Spólka Akcyjna's (WSE:MEG) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as MEGARON Spólka Akcyjna (WSE:MEG) with its market cap of zł32m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Is MEGARON Spólka Akcyjna (WSE:MEG) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like MEGARON Spólka Akcyjna (WSE:MEG), with a market cap of zł29.70m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Want To Invest In MEGARON Spólka Akcyjna (WSE:MEG)? Here's How It Performed Lately

When MEGARON Spólka Akcyjna (WSE:MEG) announced its most recent earnings (30 September 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … View our latest analysis for MEGARON Spólka Akcyjna Commentary On MEG's Past Performance I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Each year, for the past five years MEGARON Spólka Akcyjna's revenue growth has been somewhat soft, with an annual growth rate of -0.18%, on average.

Simply Wall St -

Company Info

Description

MEGARON Spólka Akcyjna produces and sells mineral mixtures in Poland and internationally. The company offers gypsum plasters, gypsum finishes, reinforced gypsum, mounting adhesives, and french gypsum. It serves small and medium-sized entities of the construction industry, individual consumers, building wholesalers, and construction traders. The company is based in Szczecin, Poland.

Details
Name: MEGARON Spólka Akcyjna
MEG
Exchange: WSE
Founded:
PLN32,670,000
2,700,000
Website: http://www.megaron.com.pl
Address: MEGARON Spólka Akcyjna
ul. Pyrzycka 3 e, f,
Szczecin,
70-892,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE MEG Common Bearer Shares Warsaw Stock Exchange PL PLN 20. May 2011
LSE 0Q3S Common Bearer Shares London Stock Exchange GB PLN 20. May 2011
Number of employees
Current staff
Staff numbers
0
MEGARON Spólka Akcyjna employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 21:27
End of day share price update: 2019/03/14 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.