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Orzel Spolka Akcyjna

WSE:ORL
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORL
WSE
PLN5M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Orzel Spolka Akcyjna engages in the production of rubber granules that results from the recycling process of used tires. The last earnings update was 95 days ago. More info.


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ORL Share Price and Events
7 Day Returns
-7.7%
WSE:ORL
4.7%
PL Chemicals
-0.6%
PL Market
1 Year Returns
50%
WSE:ORL
-21.6%
PL Chemicals
-6.8%
PL Market
ORL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orzel Spolka Akcyjna (ORL) -7.7% -7.7% -1.6% 50% 39.5% 76.5%
PL Chemicals 4.7% 18.9% 37.6% -21.6% -37.4% -13.3%
PL Market -0.6% 0.5% 8% -6.8% 18.7% -6.4%
1 Year Return vs Industry and Market
  • ORL outperformed the Chemicals industry which returned -21.6% over the past year.
  • ORL outperformed the Market in Poland which returned -6.8% over the past year.
Price Volatility
ORL
Industry
5yr Volatility vs Market

ORL Value

 Is Orzel Spolka 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 Orzel Spolka 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 Orzel Spolka Akcyjna.

WSE:ORL 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 10.6%
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:ORL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.479 (1 + (1- 19%) (155.93%))
1.084
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.084 * 7.15%)
10.6%

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

The calculations below outline how an intrinsic value for Orzel Spolka Akcyjna 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:ORL DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 1.37 1.11 0.91 0.76 0.63
Source Est @ -20%, capped from -34.02% Est @ -19%, capped from -34.02% Est @ -18%, capped from -34.02% Est @ -17%, capped from -34.02% Est @ -16%, capped from -34.02%
Present Value
Discounted (@ 10.6%)
1.24 0.91 0.67 0.51 0.38
Present value of next 5 years cash flows PLN3.71
WSE:ORL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN0.63 × (1 + 2.85%) ÷ (10.6% – 2.85%)
PLN8.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN8.42 ÷ (1 + 10.6%)5
PLN5.09
WSE:ORL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN3.71 + PLN5.09
PLN8.80
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN8.80 / 7.88
PLN1.12
WSE:ORL Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN1.12
Current discount Discount to share price of PLN0.60
= -1 x (PLN0.60 - PLN1.12) / PLN1.12
46.3%

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

Current Discount
Amount off the current price Orzel Spolka Akcyjna is available for.
Intrinsic value
46%
Share price is PLN0.6 vs Future cash flow value of PLN1.12
Current Discount Checks
For Orzel Spolka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Orzel Spolka Akcyjna's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Orzel Spolka 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 Orzel Spolka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orzel Spolka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:ORL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.06
WSE:ORL Share Price ** WSE (2019-02-15) in PLN PLN0.6
Poland Chemicals Industry PE Ratio Median Figure of 12 Publicly-Listed Chemicals Companies 12.9x
Poland Market PE Ratio Median Figure of 450 Publicly-Listed Companies 10.58x

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

** Primary Listing of Orzel Spolka Akcyjna.

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

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

= 0.6 ÷ 0.06

9.91x

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

  • Orzel Spolka Akcyjna is good value based on earnings compared to the PL Chemicals industry average.
  • Orzel Spolka Akcyjna is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Orzel Spolka Akcyjna's expected growth come at a high price?
Raw Data
WSE:ORL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Chemicals Industry PEG Ratio Median Figure of 61 Publicly-Listed Chemicals Companies 2.03x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.11x

*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 Orzel Spolka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Orzel Spolka Akcyjna's assets?
Raw Data
WSE:ORL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN-0.55
WSE:ORL Share Price * WSE (2019-02-15) in PLN PLN0.6
Poland Chemicals Industry PB Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 0.66x
Poland Market PB Ratio Median Figure of 691 Publicly-Listed Companies 1.03x
WSE:ORL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.6 ÷ -0.55

-1.1x

* Primary Listing of Orzel Spolka Akcyjna.

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

  • Orzel Spolka Akcyjna has negative assets, we can't compare the value of its assets to the PL Chemicals industry average.
X
Value checks
We assess Orzel Spolka 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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Orzel Spolka 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.

ORL Future Performance

 How is Orzel Spolka Akcyjna 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 Orzel Spolka Akcyjna 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
11.6%
Expected Chemicals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orzel Spolka Akcyjna expected to grow at an attractive rate?
  • Unable to compare Orzel Spolka Akcyjna's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Orzel Spolka Akcyjna's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Orzel Spolka Akcyjna's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:ORL Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Poland Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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:ORL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:ORL Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 11 2 0
2018-06-30 10 1 -0
2018-03-31 9 1 -1
2017-12-31 9 0 -1
2017-09-30 8 0 -2
2017-06-30 8 -0 -2
2017-03-31 7 0 -2
2016-12-31 6 0 -1
2016-09-30 6 0 -2
2016-06-30 6 1 -1
2016-03-31 6 1 -2
2015-12-31 6 1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Orzel Spolka Akcyjna is high growth as no earnings estimate data is available.
  • Unable to determine if Orzel Spolka 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:ORL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Orzel Spolka Akcyjna Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ORL Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 0.06
2018-06-30 -0.02
2018-03-31 -0.13
2017-12-31 -0.15
2017-09-30 -0.23
2017-06-30 -0.27
2017-03-31 -0.19
2016-12-31 -0.17
2016-09-30 -0.22
2016-06-30 -0.16
2016-03-31 -0.22
2015-12-31 -0.23

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

Next steps:

  1. Examine whether Orzel Spolka Akcyjna is trading at Orzel Spolka Akcyjna'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. Orzel Spolka Akcyjna'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. Orzel Spolka Akcyjna'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 Orzel Spolka 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 Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland 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.
Orzel Spolka 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.

ORL Past Performance

  How has Orzel Spolka 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 Orzel Spolka Akcyjna's growth in the last year to its industry (Chemicals).
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.
  • Orzel Spolka Akcyjna has delivered over 20% year on year earnings growth in the past 5 years.
  • Orzel Spolka Akcyjna has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Orzel Spolka Akcyjna has become profitable in the last year making it difficult to compare the PL Chemicals industry average.
Earnings and Revenue History
Orzel Spolka 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 Orzel Spolka Akcyjna Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ORL 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 10.69 0.48 2.55
2018-06-30 9.89 -0.19 2.62
2018-03-31 8.97 -0.98 2.66
2017-12-31 8.72 -1.19 2.73
2017-09-30 7.91 -1.80 2.79
2017-06-30 7.57 -2.12 2.81
2017-03-31 6.89 -1.50 2.61
2016-12-31 6.04 -1.35 2.58
2016-09-30 5.76 -1.79 5.59
2016-06-30 6.09 -1.32 5.51
2016-03-31 6.31 -1.80 5.61
2015-12-31 6.32 -1.89 5.57
2015-09-30 6.45 -2.84 2.64
2015-06-30 6.37 -3.30 2.77
2015-03-31 5.74 -4.30 2.34
2014-12-31 7.23 -4.59 3.21
2014-09-30 16.96 -2.68 4.12
2014-06-30 23.04 -3.58 4.96
2014-03-31 30.97 -3.43 6.54
2013-12-31 34.36 -4.29 6.85
2013-09-30 36.77 -4.68 7.05
2013-06-30 34.33 -4.34 7.07
2013-03-31 32.34 -3.19 6.70
2012-12-31 31.65 -2.21 6.58
2012-09-30 34.32 -1.39 7.85
2012-06-30 34.15 0.79 6.71
2012-03-31 33.13 0.81 3.41

*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 Orzel Spolka Akcyjna has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Orzel Spolka Akcyjna used its assets more efficiently than the PL Chemicals industry average last year based on Return on Assets.
  • Orzel Spolka Akcyjna has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Orzel Spolka 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 Chemicals 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.
Orzel Spolka Akcyjna has a total score of 3/6, 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.

ORL Health

 How is Orzel Spolka 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 Orzel Spolka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orzel Spolka Akcyjna's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Orzel Spolka Akcyjna's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Orzel Spolka 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.
  • Orzel Spolka Akcyjna has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Orzel Spolka Akcyjna Company Filings, last reported 4 months ago.

WSE:ORL Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -4.31 7.37 0.18
2018-06-30 -4.82 7.40 0.03
2018-03-31 -5.36 8.10 0.05
2017-12-31 -5.23 7.90 0.09
2017-09-30 -4.79 7.78 0.03
2017-06-30 -4.63 7.83 0.07
2017-03-31 -4.37 12.32 0.71
2016-12-31 -4.04 7.73 0.38
2016-09-30 -2.72 12.78 0.06
2016-06-30 -2.32 12.84 0.10
2016-03-31 -2.78 7.53 0.13
2015-12-31 -2.69 13.66 0.29
2015-09-30 -1.20 0.91 0.58
2015-06-30 -1.19 1.01 0.27
2015-03-31 -1.07 11.10 0.28
2014-12-31 -0.80 11.20 0.49
2014-09-30
2014-06-30 3.19 11.01 0.60
2014-03-31 4.23 11.22 0.38
2013-12-31 4.90 12.32 0.15
2013-09-30 6.82 15.00 2.61
2013-06-30 8.20 15.38 1.80
2013-03-31 9.35 16.91 1.36
2012-12-31 10.68 13.83 0.36
2012-09-30 11.47 13.66 0.30
2012-06-30 12.54 13.49 0.15
2012-03-31 11.54 15.20 0.59
  • Orzel Spolka Akcyjna has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Orzel Spolka Akcyjna's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (21.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Orzel Spolka 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. Orzel Spolka Akcyjna has a total score of 1/6, 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.

ORL Dividends

 What is Orzel Spolka 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
0%
Current annual income from Orzel Spolka Akcyjna dividends.
If you bought PLN2,000 of Orzel Spolka Akcyjna 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 Orzel Spolka Akcyjna's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Orzel Spolka Akcyjna'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:ORL 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
Poland Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.5%
Poland Top 25% Dividend Yield 75th Percentile 7.7%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Orzel Spolka Akcyjna has not reported any payouts.
  • Unable to verify if Orzel Spolka Akcyjna's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Orzel Spolka Akcyjna's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Orzel Spolka Akcyjna 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 Orzel Spolka 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 Orzel Spolka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orzel Spolka Akcyjna 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.

ORL Management

 What is the CEO of Orzel Spolka 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
Jacek Orzel
CEO Bio

Mr. Jacek Orzel serves as the President of Management Board at Orzel Spolka Akcyjna. Since 1996, Mr. Orzel has been a stock investor. Mr. Orzel also participated in a number of courses and workshops dedicated to management and marketing. He completed a course for the Members of Supervisory Boards in Government-Owned Companies. He completed Postgraduate Studies in Investor Relations and Financial Communication at the Warsaw School of Economics. Mr. Orzel is a graduate of Master Studies in Economics at the Catholic University of Lublin.

CEO Compensation
  • Insufficient data for Jacek to compare compensation growth.
  • Insufficient data for Jacek to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Jacek Orzel

TITLE
President of Management Board

Monika Koszade-Rutkiewicz

TITLE
Member of the Management Board
TENURE
3.3 yrs
Board of Directors

Slawomir Orzel

TITLE
President of Supervisory Board

Agnieszka Brzozowiec

TITLE
Vice President of Supervisory Board

Kamil Orzel

TITLE
Member of Supervisory Board

Waclaw Szary

TITLE
Member of Supervisory Board

Krzysztof Stanik

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 Orzel Spolka 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. Orzel Spolka 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.

ORL News

Simply Wall St News

Why Orzel Spolka Akcyjna’s (WSE:ORL) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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Could Orzel Spolka Akcyjna's (WSE:ORL) Investor Composition Influence The Stock Price?

If you want to know who really controls Orzel Spolka Akcyjna (WSE:ORL), then you'll have to look at the makeup of its share registry. … Orzel Spolka Akcyjna is a smaller company with a market capitalization of zł5m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Orzel Spolka Akcyjna

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Should You Be Concerned About Orzel Spolka Akcyjna's (WSE:ORL) Shareholders?

I am going to take a deep dive into Orzel Spolka Akcyjna’s (WSE:ORL) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine ORL's ownership structure in more detail.

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Dilution Ahead For Orzel Spolka Akcyjna (WSE:ORL) Shareholders?

Orzel Spolka Akcyjna may need to come to market again, but the question is, when? … How fast Orzel Spolka Akcyjna runs down its cash supply over time is known as the cash burn rate. … However, even with declining costs, the current level of cash is not enough to sustain Orzel Spolka Akcyjna’s operations and the company may need to come to market to raise more capital within the year.

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Who Owns Most Of Orzel Spolka Akcyjna (WSE:ORL)?

In this article, I'm going to take a look at Orzel Spolka Akcyjna’s (WSE:ORL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

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How Does Orzel Spolka Akcyjna (WSE:ORL) Affect Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, ORL appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … ORL, with its market capitalisation of ZŁ2.36M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Are Earnings Prospects Improving For Loss-Making Orzel Spolka Akcyjna's (WSE:ORL)?

In this commentary, I will examine Orzel Spolka Akcyjna's (WSE:ORL) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, as well as how the rest of the chemicals industry performed. … For Orzel Spolka Akcyjna, its most recent earnings (trailing twelve month) is -ZŁ796.35K, which, in comparison to the previous year's level, has become less negative. … WSE:ORL Income Statement Mar 9th 18 We can further examine Orzel Spolka Akcyjna's loss by looking at what the industry has been experiencing over the past few years.

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ORL Company Info

Map
Description

Orzel Spolka Akcyjna engages in the production of rubber granules that results from the recycling process of used tires. Its products include powder, infill, base, steel, and textiles. The company was founded in 1984 and is based in Poniatowa, Poland.

Details
Name: Orzel Spolka Akcyjna
ORL
Exchange: WSE
Founded: 1984
PLN4,727,332
7,878,888
Website: http://www.orzelsa.com
Address: Orzel Spolka Akcyjna
ul. Przemyslowa 50,
Poniatowa,
24-320,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE ORL Common Bearer Shares Warsaw Stock Exchange PL PLN 26. May 2008
Number of employees
Current staff
Staff numbers
0
Orzel Spolka Akcyjna employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/17 21:48
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2018/11/14
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.