WSE:MFO

Stock Analysis Report

MFO Spólka Akcyjna

Executive Summary

MFO Spólka Akcyjna manufactures and sells steel profiles in Poland and internationally.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has MFO Spólka Akcyjna's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.5%

MFO

2.3%

PL Metals and Mining

1.9%

PL Market


1 Year Return

-29.5%

MFO

-24.7%

PL Metals and Mining

0.2%

PL Market

Return vs Industry: MFO underperformed the Polish Metals and Mining industry which returned -24.7% over the past year.

Return vs Market: MFO underperformed the Polish Market which returned 0.2% over the past year.


Shareholder returns

MFOIndustryMarket
7 Day9.5%2.3%1.9%
30 Day7.1%-3.3%0.5%
90 Day-5.3%-19.3%-5.7%
1 Year-26.7%-29.5%-22.7%-24.7%3.3%0.2%
3 Year-3.8%-10.7%-18.5%-22.7%12.3%4.3%
5 Year110.3%90.7%-26.1%-31.8%0.2%-12.0%

Price Volatility Vs. Market

How volatile is MFO Spólka Akcyjna's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MFO Spólka Akcyjna undervalued compared to its fair value and its price relative to the market?

5.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MFO (PLN19.6) is trading above our estimate of fair value (PLN10.26)

Significantly Below Fair Value: MFO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MFO is good value based on its PE Ratio (5.9x) compared to the Metals and Mining industry average (6.3x).

PE vs Market: MFO is good value based on its PE Ratio (5.9x) compared to the Polish market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: MFO is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: MFO is overvalued based on its PB Ratio (0.9x) compared to the PL Metals and Mining industry average (0.7x).


Next Steps

Future Growth

How is MFO Spólka Akcyjna forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFO's forecast earnings growth (11.9% per year) is above the savings rate (2.9%).

Earnings vs Market: MFO's earnings (11.9% per year) are forecast to grow faster than the Polish market (10.6% per year).

High Growth Earnings: MFO's earnings are forecast to grow, but not significantly.

Revenue vs Market: MFO's revenue (5.7% per year) is forecast to grow slower than the Polish market (5.8% per year).

High Growth Revenue: MFO's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MFO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MFO Spólka Akcyjna performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MFO's earnings have grown significantly by 27.2% per year over the past 5 years.

Accelerating Growth: MFO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MFO had negative earnings growth (-24.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-24.2%).


Return on Equity

High ROE: MFO's Return on Equity (14.8%) is considered low.


Return on Assets

ROA vs Industry: MFO has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: MFO's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is MFO Spólka Akcyjna's financial position?


Financial Position Analysis

Short Term Liabilities: MFO's short term assets (PLN152.9M) exceeds its short term liabilities (PLN107.7M)

Long Term Liabilities: MFO's short term assets (152.9M) exceeds its long term liabilities (37.8M)


Debt to Equity History and Analysis

Debt Level: MFO's debt to equity ratio (40.7%) is considered high

Reducing Debt: MFO's debt to equity ratio has increased from 34.4% to 40.7% over the past 5 years.

Debt Coverage: MFO's debt is well covered by operating cash flow (43.5%).

Interest Coverage: MFO's interest payments on its debt are well covered by EBIT (23.7x coverage).


Balance Sheet

Inventory Level: MFO has a high level of physical assets or inventory.

Debt Coverage by Assets: MFO's debt is covered by short term assets (assets are 2.540020x debt).


Next Steps

Dividend

What is MFO Spólka Akcyjna's current dividend yield, its reliability and sustainability?

4.29%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%2.7%markettop25%7.2%industryaverage7.4%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MFO's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Polish market (2.73%).

High Dividend: MFO's dividend (4.29%) is low compared to the top 25% of dividend payers in the Polish market (7.24%).

Stable Dividend: MFO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MFO's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.5%), MFO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of MFO Spólka Akcyjna's salary, the management and board of directors tenure and is there insider trading?

14.8yrs

Average management tenure


CEO

Tomasz Mirski 0

19.8yrs

Tenure

zł1,022,000

Compensation

Mr. Tomasz Mirski has been the President of Management Board at MFO Spólka Akcyjna since 2000. Mr. Mirski was a Proxy of the Management Board for Sales in ASCON Sp. z o.o. since 1999. He holds a Degree in  ...


CEO Compensation Analysis

Compensation vs. Market: Tomasz's total compensation ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).

Compensation vs Earnings: Tomasz's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

14.8yrs

Average Tenure

Experienced Management: MFO's management team is seasoned and experienced (14.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Danuta Dabrowska

    Chief Accountant

    • Tenure: 0yrs
  • Tomasz Mirski

    President of Management Board

    • Tenure: 19.8yrs
    • Compensation: zł1.02m
  • Jakub Czerwinski

    CFO & Member of Management Board

    • Tenure: 14.8yrs
    • Compensation: zł930.00k
  • Adam Piekutowski

    Administrative Director & Member of Management Board

    • Tenure: 6.8yrs
    • Compensation: zł912.00k

Board Members

  • Marek Mirski

    President of Supervisory Board

    • Tenure: 0yrs
  • Slawomir Brudzinski

    Member of Supervisory Board

    • Tenure: 0yrs
  • Tomasz Chmura

    Vice President of Supervisory Board

    • Tenure: 0yrs
  • Marcin Pietkiewicz

    Member of Supervisory Board

    • Tenure: 0yrs
  • Piotr Gawrys

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

MFO Spólka Akcyjna's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MFO Spólka Akcyjna
  • Ticker: MFO
  • Exchange: WSE
  • Founded:
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł129.507m
  • Shares outstanding: 6.61m
  • Website: https://www.mfo.pl

Location

  • MFO Spólka Akcyjna
  • Kozuszki Parcel 70 A
  • Sochaczew
  • 96-500
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFOWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJan 2014

Biography

MFO Spólka Akcyjna manufactures and sells steel profiles in Poland and internationally. Its products are used in PVC windows, roller shutters, drywall framing profiles, installations, ventilation and air c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:31
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.