MEGARON Spólka Akcyjna
WSE:MEG
MEG
WSE
PLN33M
Market Cap
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.
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
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.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
>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
| 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.
| 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
| 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
| 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 |
| 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:- 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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check) 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
- 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!
-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
| 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
All numbers in PLN Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| 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 |
| 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.
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
| 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.
| 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
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.
Future performance checks
We assess MEGARON Spólka Akcyjna'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 Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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)
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.
| 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
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.
Past performance checks
We assess MEGARON Spólka Akcyjna'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 Basic Materials 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)
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.
- 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.
| 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
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess MEGARON Spólka Akcyjna'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) MEGARON Spólka Akcyjna 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 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
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
| 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.
| 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.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess MEGARON Spólka Akcyjna'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 MEGARON Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) 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
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 Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
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.
Management checks
We assess MEGARON Spólka Akcyjna'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) 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 - – Full articleWhat 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 - – Full articleDon'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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleWant 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 - – Full articleCompany 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
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.
