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Polska Grupa Odlewnicza Spólka Akcyjna

WSE:PGO
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGO
WSE
PLN158M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Polska Grupa Odlewnicza Spólka Akcyjna, through its subsidiaries, designs, manufactures, and sells castings and forgings in Poland and internationally. The last earnings update was 86 days ago. More info.


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  • Polska Grupa Odlewnicza Spólka Akcyjna has significant price volatility in the past 3 months.
PGO Share Price and Events
7 Day Returns
-18%
WSE:PGO
0.7%
PL Metals and Mining
0.7%
PL Market
1 Year Returns
-64.7%
WSE:PGO
-19.8%
PL Metals and Mining
-5.7%
PL Market
PGO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Polska Grupa Odlewnicza Spólka Akcyjna (PGO) -18% -31.4% -42.5% -64.7% -72.1% -70.4%
PL Metals and Mining 0.7% 3.7% 1.8% -19.8% 55.1% -3%
PL Market 0.7% -0.2% 6.3% -5.7% 19% -6.6%
1 Year Return vs Industry and Market
  • PGO underperformed the Metals and Mining industry which returned -19.8% over the past year.
  • PGO underperformed the Market in Poland which returned -5.7% over the past year.
Price Volatility
PGO
Industry
5yr Volatility vs Market

Value

 Is Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza 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    Our calculation method for this is changing soon.

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

WSE:PGO 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 11.3%
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:PGO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.84 (1 + (1- 19%) (50.14%))
1.182
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.182 * 7.15%)
11.3%

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

The calculations below outline how an intrinsic value for Polska Grupa Odlewnicza Spólka 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:PGO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 12.04 13.07 14.18 15.40 16.71
Source Est @ 8.55% Est @ 8.55% Est @ 8.55% Est @ 8.55% Est @ 8.55%
Present Value
Discounted (@ 11.3%)
10.82 10.55 10.29 10.03 9.79
Present value of next 5 years cash flows PLN51.47
WSE:PGO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN16.71 × (1 + 2.85%) ÷ (11.3% – 2.85%)
PLN203.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN203.46 ÷ (1 + 11.3%)5
PLN119.13
WSE:PGO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN51.47 + PLN119.13
PLN170.61
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN170.61 / 96.30
PLN1.77
WSE:PGO Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN1.77
Current discount Discount to share price of PLN1.64
= -1 x (PLN1.64 - PLN1.77) / PLN1.77
7.4%

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

Current Discount
Amount off the current price Polska Grupa Odlewnicza Spólka Akcyjna is available for.
Intrinsic value
7%
Share price is PLN1.64 vs Future cash flow value of PLN1.77
Current Discount Checks
For Polska Grupa Odlewnicza Spólka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Polska Grupa Odlewnicza Spólka Akcyjna's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Polska Grupa Odlewnicza Spólka Akcyjna's share price is below the future cash flow value, but not 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 Polska Grupa Odlewnicza Spólka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Polska Grupa Odlewnicza Spólka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:PGO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.25
WSE:PGO Share Price ** WSE (2019-02-22) in PLN PLN1.64
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.56x
Poland Market PE Ratio Median Figure of 464 Publicly-Listed Companies 10.71x

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

** Primary Listing of Polska Grupa Odlewnicza Spólka Akcyjna.

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

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

= 1.64 ÷ 0.25

6.5x

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

  • Polska Grupa Odlewnicza Spólka Akcyjna is good value based on earnings compared to the PL Metals and Mining industry average.
  • Polska Grupa Odlewnicza Spólka Akcyjna is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Polska Grupa Odlewnicza Spólka Akcyjna's expected growth come at a high price?
Raw Data
WSE:PGO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.7%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 1.16x
Poland Market PEG Ratio Median Figure of 101 Publicly-Listed Companies 1.16x

*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 Polska Grupa Odlewnicza Spólka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Polska Grupa Odlewnicza Spólka Akcyjna's assets?
Raw Data
WSE:PGO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN2.80
WSE:PGO Share Price * WSE (2019-02-22) in PLN PLN1.64
Poland Metals and Mining Industry PB Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 0.93x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 1.01x
WSE:PGO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.64 ÷ 2.80

0.58x

* Primary Listing of Polska Grupa Odlewnicza Spólka Akcyjna.

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

  • Polska Grupa Odlewnicza Spólka Akcyjna is good value based on assets compared to the PL Metals and Mining industry average.
X
Value checks
We assess Polska Grupa Odlewnicza 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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Polska Grupa Odlewnicza Spólka Akcyjna has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Polska Grupa Odlewnicza Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Polska Grupa Odlewnicza 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
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Polska Grupa Odlewnicza Spólka Akcyjna expected to grow at an attractive rate?
  • Polska Grupa Odlewnicza Spólka Akcyjna's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Polska Grupa Odlewnicza Spólka Akcyjna's earnings growth is positive but not above the Poland market average.
  • Unable to compare Polska Grupa Odlewnicza Spólka Akcyjna's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:PGO Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:PGO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.7%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.7%

*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:PGO 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:PGO Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 411 48 24
2018-06-30 405 34 20
2018-03-31 382 11 16
2017-12-31 361 13 6
2017-09-30 333 21 12
2017-06-30 312 27 14
2017-03-31 304 33 16
2016-12-31 299 36 21
2016-09-30 306 34 26
2016-06-30 309 28 33
2016-03-31 312 24 37
2015-12-31 310 33 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Polska Grupa Odlewnicza Spólka Akcyjna's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Polska Grupa Odlewnicza 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:PGO 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 Polska Grupa Odlewnicza Spólka Akcyjna Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:PGO Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 0.25
2018-06-30 0.21
2018-03-31 0.16
2017-12-31 0.06
2017-09-30 0.13
2017-06-30 0.15
2017-03-31 0.16
2016-12-31 0.21
2016-09-30 0.27
2016-06-30 0.34
2016-03-31 0.38
2015-12-31 0.40

*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 Polska Grupa Odlewnicza Spólka Akcyjna will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Polska Grupa Odlewnicza 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 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.
Polska Grupa Odlewnicza Spólka Akcyjna has a total score of 1/6, 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 Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza Spólka Akcyjna's growth in the last year to its industry (Metals and Mining).
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.
  • Polska Grupa Odlewnicza Spólka Akcyjna's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Polska Grupa Odlewnicza Spólka Akcyjna's 1-year earnings growth exceeds its 5-year average (101.1% vs -6%)
  • Polska Grupa Odlewnicza Spólka Akcyjna's earnings growth has exceeded the PL Metals and Mining industry average in the past year (101.1% vs 13.8%).
Earnings and Revenue History
Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza Spólka Akcyjna Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:PGO Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 411.34 24.28 50.71
2018-06-30 405.32 20.17 50.32
2018-03-31 381.96 15.89 49.60
2017-12-31 360.69 6.22 49.59
2017-09-30 333.04 12.07 44.45
2017-06-30 312.43 13.98 41.06
2017-03-31 303.97 15.78 38.21
2016-12-31 298.85 20.60 34.87
2016-09-30 306.35 26.37 35.97
2016-06-30 309.26 32.92 36.49
2016-03-31 311.68 36.60 35.90
2015-12-31 310.13 38.15 36.59
2015-09-30 304.61 30.50 37.29
2015-06-30 301.84 22.07 36.51
2015-03-31 299.23 18.72 36.81
2014-12-31 293.78 17.71 35.91
2014-09-30 291.22 18.23 35.07
2014-06-30 273.35 19.93 33.03
2014-03-31 257.44 21.78 29.85
2013-12-31 246.38 21.70 27.67
2013-09-30 237.29 25.17 25.82
2013-06-30 243.64 25.01 26.57
2013-03-31 255.90 26.50 26.26
2012-12-31 265.13 26.53 25.87
2012-09-30 274.37 26.84 25.55
2012-06-30 277.68 24.88 24.61
2012-03-31 269.47 23.67 24.38

*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.
  • Polska Grupa Odlewnicza Spólka Akcyjna has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Polska Grupa Odlewnicza Spólka Akcyjna used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Polska Grupa Odlewnicza Spólka Akcyjna has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Polska Grupa Odlewnicza 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 Metals and Mining 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.
Polska Grupa Odlewnicza Spólka Akcyjna has a total score of 4/6, 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 Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza Spólka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Polska Grupa Odlewnicza Spólka Akcyjna is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Polska Grupa Odlewnicza Spólka Akcyjna's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Polska Grupa Odlewnicza 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 2.2x 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 Polska Grupa Odlewnicza Spólka Akcyjna Company Filings, last reported 4 months ago.

WSE:PGO Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 270.02 79.19 19.00
2018-06-30 260.60 75.40 4.86
2018-03-31 253.90 85.11 1.99
2017-12-31 244.06 86.80 4.84
2017-09-30 242.61 82.70 2.33
2017-06-30 243.21 65.92 19.23
2017-03-31 277.28 60.64 14.89
2016-12-31 269.53 47.35 12.81
2016-09-30 266.26 49.72 4.96
2016-06-30 259.29 55.79 1.82
2016-03-31 256.97 60.17 5.48
2015-12-31 249.32 62.85 0.96
2015-09-30 237.75 63.29 0.40
2015-06-30 226.29 73.96 0.50
2015-03-31 218.34 71.13 2.23
2014-12-31 210.33 75.81 1.72
2014-09-30 207.44 58.13 1.17
2014-06-30 204.62 64.36 7.93
2014-03-31 199.78 47.17 7.90
2013-12-31 193.09 48.58 12.60
2013-09-30 189.53 32.72 55.15
2013-06-30 184.03 34.28 54.74
2013-03-31 177.84 33.02 39.86
2012-12-31 171.36 15.52 10.68
2012-09-30 164.33 7.68 6.49
2012-06-30 159.63 11.80 5.53
2012-03-31 151.40 30.65 18.75
  • Polska Grupa Odlewnicza Spólka Akcyjna's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.3% vs 29.3% today).
  • Debt is well covered by operating cash flow (60.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Polska Grupa Odlewnicza 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. Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza 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
22.56%
Current annual income from Polska Grupa Odlewnicza Spólka Akcyjna dividends.
If you bought PLN2,000 of Polska Grupa Odlewnicza Spólka Akcyjna shares you are expected to receive PLN451 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?
  • Polska Grupa Odlewnicza Spólka Akcyjna's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.55%).
  • Polska Grupa Odlewnicza Spólka Akcyjna's dividend is above the markets top 25% of dividend payers in Poland (7.77%).
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:PGO 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2%
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 2.6%
Poland Top 25% Dividend Yield 75th Percentile 7.8%

Industry and Market average data is calculated daily.

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

WSE:PGO Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2017-11-29 0.370 10.418
2017-04-28 0.370 6.718
2013-03-01 0.000 0.000
2012-11-14 0.000 0.000
2012-05-15 0.000 0.000
2012-04-30 0.000 0.000
2012-02-29 0.000 0.000
2011-10-10 1.600 132.928

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

  • Whilst dividend payments have been stable, Polska Grupa Odlewnicza Spólka Akcyjna has been paying a dividend for less than 10 years.
  • Polska Grupa Odlewnicza Spólka Akcyjna has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Polska Grupa Odlewnicza Spólka Akcyjna's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x 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 Polska Grupa Odlewnicza 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 Polska Grupa Odlewnicza Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Polska Grupa Odlewnicza Spólka Akcyjna has a total score of 2/6, 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 Polska Grupa Odlewnicza 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
Lukasz Petrus
COMPENSATION PLN0
CEO Bio

Lukasz Petrus serves as Chairman of the Management Board at Polska Grupa Odlewnicza Spólka Akcyjna.

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

Lukasz Petrus

TITLE
Chairman of the Board

Andrzej Bulanowski

TITLE
Vice President of Management Board

Ireneusz Kazimierski

TITLE
Vice President of Management Board
AGE
41

Lucjan Augustyn

TITLE
Vice President of Management Board

Adam Klyszcz

TITLE
Human Resource Director
Board of Directors Tenure

Average tenure of the Polska Grupa Odlewnicza Spólka Akcyjna board of directors in years:

4.6
Average Tenure
  • The tenure for the Polska Grupa Odlewnicza Spólka Akcyjna board of directors is about average.
Board of Directors

Tomasz Domogala

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN3K
TENURE
4.6 yrs

Czeslaw Kisiel

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
PLN3K

Beata Zawiszowska

TITLE
Member of the Supervisory Board
COMPENSATION
PLN2K

Jacek Osowski

TITLE
Member of the Supervisory Board
COMPENSATION
PLN2K
TENURE
4.7 yrs

Wojciech Gelner

TITLE
Member of the Supervisory Board
COMPENSATION
PLN2K
TENURE
4.7 yrs

Jacek Krysinski

TITLE
Member of the Supervisory Board
COMPENSATION
PLN1,000

Michal Nowak

TITLE
Member of the Supervisory Board
COMPENSATION
PLN1,000
TENURE
1.3 yrs

Dorota Wyjadlowska

TITLE
Member of Supervisory Board
COMPENSATION
PLN2K
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 Polska Grupa Odlewnicza 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. Polska Grupa Odlewnicza 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

What We Think Of Polska Grupa Odlewnicza Spólka Akcyjna’s (WSE:PGO) Investment Potential

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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Can We See Significant Institutional Ownership On The Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) Share Register?

Every investor in Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Polska Grupa Odlewnicza Spólka Akcyjna is a smaller company with a market capitalization of zł212m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Are Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) Interest Costs Too High?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Don't Sell Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) Before You Read This

We'll show how you can use Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Polska Grupa Odlewnicza Spólka Akcyjna's P/E ratio is 13.61. … View our latest analysis for Polska Grupa Odlewnicza Spólka Akcyjna?

Simply Wall St -

What You Must Know About Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) 7.7% ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO). … Our data shows Polska Grupa Odlewnicza Spólka Akcyjna has a return on equity of 7.7% for the last year. … Check out our latest analysis for Polska Grupa Odlewnicza Spólka Akcyjna?

Simply Wall St -

Is Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) A Financially Sound Company?

Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) is a small-cap stock with a market capitalization of zł354.38m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

Does Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) PE Ratio Signal A Selling Opportunity?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) is trading with a trailing P/E of 24.2x, which is higher than the industry average of 9.5x. … View our latest analysis for Polska Grupa Odlewnicza Spólka Akcyjna

Simply Wall St -

Should You Buy Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) For Its Dividend?

In the past 7 years Polska Grupa Odlewnicza Spólka Akcyjna (WSE:PGO) has returned an average of 17.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Polska Grupa Odlewnicza Spólka Akcyjna should have a place in your portfolio. … View out our latest analysis for Polska Grupa Odlewnicza Spólka Akcyjna

Simply Wall St -

Are Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) Interest Costs Too High?

How does PGO’s operating cash flow stack up against its debt? … PGO's debt levels surged from ZŁ47.35M to ZŁ86.80M over the last 12 months – this includes both the current and long-term debt. … Additionally, PGO has generated ZŁ12.94M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 14.91%, indicating that PGO’s operating cash is not sufficient to cover its debt.

Simply Wall St -

Does Polska Grupa Odlewnicza Spólka Akcyjna's (WSE:PGO) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PGO Price per share = PLN4.55 Earnings per share = PLN0.125 ∴ Price-Earnings Ratio = PLN4.55 ÷ PLN0.125 = 36.3x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since PGO's P/E of 36.3x is higher than its industry peers (11.3x), it means that investors are paying more than they should for each dollar of PGO's earnings. … For example, if you are inadvertently comparing riskier firms with PGO, then PGO’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Company Info

Map
Description

Polska Grupa Odlewnicza Spólka Akcyjna, through its subsidiaries, designs, manufactures, and sells castings and forgings in Poland and internationally. The company offers iron castings for use as brake drums, compressor bodies, engine blocks and housings, gearboxes, processing machines, counterweights, cylinders, pumps and valve flanges, and industrial valves and turbine housings. It also provides steel castings that are used in applications, including mining and construction machine components, industrial fixtures, gear wheels, gearboxes, track line gears, and other machine and equipment parts. In addition, the company offers closed-die impression and open-die forgings, which are used in applications, such as mining equipment, ship engines, railway wagons, agriculture and automotive components, gearbox shafts and wheels, and oil and gas drill bit bodies. Further, it is involved in the design, production, and adjustment of wooden, resin, and metal patterns for casting; design and manufacturing of dies for forging; mechanical machining; heat treatment comprising stress relieving, normalization, hardening, softening, annealing, quenching, and tempering; and provision of lab services that include chemical composition analysis, quality assessment, strength, and metallographic test. The company serves the mining and mineral machinery and equipment, automotive, agricultural machinery, shipyard, construction machinery, chemical machinery, machine tool, metallurgy and energy, plumbing fittings and fixtures, and railroad industries, as well as the oil and gas exploration, drilling, and production industry. The company is based in Katowice, Poland. Polska Grupa Odlewnicza Spólka Akcyjna is a subsidiary of TDJ Equity II sp. z o.o.

Details
Name: Polska Grupa Odlewnicza Spólka Akcyjna
PGO
Exchange: WSE
Founded:
PLN157,932,000
96,300,000
Website: http://www.pgo-sa.com.pl
Address: Polska Grupa Odlewnicza Spólka Akcyjna
41 Armii Krajowej Street,
Katowice,
40-698,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PGO Common Bearer Shares Warsaw Stock Exchange PL PLN 10. Oct 2011
LSE 0Q6E Common Bearer Shares London Stock Exchange GB PLN 10. Oct 2011
Number of employees
Current staff
Staff numbers
0
Polska Grupa Odlewnicza Spólka Akcyjna employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 22:04
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.