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Zaklady Magnezytowe Ropczyce

WSE:RPC
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RPC
WSE
PLN137M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Zaklady Magnezytowe Ropczyce S.A. manufactures and sells basic and aluminosilicate refractory materials in Poland and internationally. The last earnings update was 89 days ago. More info.


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RPC Share Price and Events
7 Day Returns
1.6%
WSE:RPC
0.5%
PL Basic Materials
0.6%
PL Market
1 Year Returns
23.8%
WSE:RPC
-5.2%
PL Basic Materials
-13.6%
PL Market
RPC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zaklady Magnezytowe Ropczyce (RPC) 1.6% -0.6% -1.9% 23.8% 51.7% 25.1%
PL Basic Materials 0.5% -1.7% -3.4% -5.2% 4.8% -31.2%
PL Market 0.6% 4.2% 7.7% -13.6% 25.3% -1%
1 Year Return vs Industry and Market
  • RPC outperformed the Basic Materials industry which returned -5.2% over the past year.
  • RPC outperformed the Market in Poland which returned -13.6% over the past year.
Price Volatility
RPC
Industry
5yr Volatility vs Market

RPC Value

 Is Zaklady Magnezytowe Ropczyce 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 Zaklady Magnezytowe Ropczyce 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 Zaklady Magnezytowe Ropczyce.

WSE:RPC 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 16%
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:RPC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.147 (1 + (1- 19%) (74.4%))
1.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.838 * 7.15%)
15.99%

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

The calculations below outline how an intrinsic value for Zaklady Magnezytowe Ropczyce 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:RPC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 3.96 4.28 4.63 5.01 5.42
Source Est @ 8.17% Est @ 8.17% Est @ 8.17% Est @ 8.17% Est @ 8.17%
Present Value
Discounted (@ 15.99%)
3.41 3.18 2.97 2.77 2.58
Present value of next 5 years cash flows PLN14.90
WSE:RPC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN5.42 × (1 + 2.85%) ÷ (15.99% – 2.85%)
PLN42.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN42.38 ÷ (1 + 15.99%)5
PLN20.18
WSE:RPC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN14.90 + PLN20.18
PLN35.08
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN35.08 / 4.35
PLN8.06
WSE:RPC Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN8.06
Current discount Discount to share price of PLN31.70
= -1 x (PLN31.70 - PLN8.06) / PLN8.06
-293.3%

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

  • The current share price of Zaklady Magnezytowe Ropczyce is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Zaklady Magnezytowe Ropczyce's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zaklady Magnezytowe Ropczyce's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:RPC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN3.83
WSE:RPC Share Price ** WSE (2019-01-23) in PLN PLN31.7
Poland Basic Materials Industry PE Ratio Median Figure of 5 Publicly-Listed Basic Materials Companies 8.48x
Poland Market PE Ratio Median Figure of 449 Publicly-Listed Companies 10.27x

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

** Primary Listing of Zaklady Magnezytowe Ropczyce.

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

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

= 31.7 ÷ 3.83

8.27x

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

  • Zaklady Magnezytowe Ropczyce is good value based on earnings compared to the PL Basic Materials industry average.
  • Zaklady Magnezytowe Ropczyce is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Zaklady Magnezytowe Ropczyce's expected growth come at a high price?
Raw Data
WSE:RPC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.6%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.09x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.15x

*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 Zaklady Magnezytowe Ropczyce, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zaklady Magnezytowe Ropczyce's assets?
Raw Data
WSE:RPC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN57.01
WSE:RPC Share Price * WSE (2019-01-23) in PLN PLN31.7
Poland Basic Materials Industry PB Ratio Median Figure of 6 Publicly-Listed Basic Materials Companies 0.57x
Poland Market PB Ratio Median Figure of 688 Publicly-Listed Companies 0.99x
WSE:RPC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 31.7 ÷ 57.01

0.56x

* Primary Listing of Zaklady Magnezytowe Ropczyce.

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

  • Zaklady Magnezytowe Ropczyce is good value based on assets compared to the PL Basic Materials industry average.
X
Value checks
We assess Zaklady Magnezytowe Ropczyce's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Zaklady Magnezytowe Ropczyce 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.

RPC Future Performance

 How is Zaklady Magnezytowe Ropczyce expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Zaklady Magnezytowe Ropczyce, 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
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zaklady Magnezytowe Ropczyce expected to grow at an attractive rate?
  • Zaklady Magnezytowe Ropczyce's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Zaklady Magnezytowe Ropczyce's earnings growth is positive but not above the Poland market average.
  • Unable to compare Zaklady Magnezytowe Ropczyce's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:RPC Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:RPC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.6%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 11%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Poland Market Earnings Growth Rate Market Cap Weighted Average 9%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6%

*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:RPC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:RPC Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 349 15 20
2018-06-30 327 -10 13
2018-03-31 299 -9 9
2017-12-31 277 9 11
2017-09-30 272 19 15
2017-06-30 256 21 15
2017-03-31 249 18 15
2016-12-31 244 14 13
2016-09-30 237 3 12
2016-06-30 233 17 9
2016-03-31 236 25 11
2015-12-31 234 14 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zaklady Magnezytowe Ropczyce's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Zaklady Magnezytowe Ropczyce 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:RPC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zaklady Magnezytowe Ropczyce Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:RPC Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 3.83
2018-06-30 2.23
2018-03-31 1.31
2017-12-31 1.63
2017-09-30 2.36
2017-06-30 2.59
2017-03-31 2.79
2016-12-31 2.84
2016-09-30 2.42
2016-06-30 2.01
2016-03-31 2.44
2015-12-31 2.87

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

RPC Past Performance

  How has Zaklady Magnezytowe Ropczyce 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 Zaklady Magnezytowe Ropczyce'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.
  • Zaklady Magnezytowe Ropczyce's year on year earnings growth rate has been positive over the past 5 years.
  • Zaklady Magnezytowe Ropczyce's 1-year earnings growth exceeds its 5-year average (36.2% vs 3.6%)
  • Zaklady Magnezytowe Ropczyce's earnings growth has exceeded the Europe Basic Materials industry average in the past year (36.2% vs 28.7%).
Earnings and Revenue History
Zaklady Magnezytowe Ropczyce'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 Zaklady Magnezytowe Ropczyce Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:RPC Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 348.67 19.92 40.63
2018-06-30 326.85 13.04 40.65
2018-03-31 298.52 9.15 39.58
2017-12-31 277.04 11.40 37.68
2017-09-30 272.31 14.62 37.37 0.00
2017-06-30 255.65 15.39 34.27 0.00
2017-03-31 249.13 14.90 33.49 0.02
2016-12-31 244.11 13.50 33.71 0.02
2016-09-30 236.91 11.90 32.71 0.08
2016-06-30 232.96 9.22 32.46 -0.02
2016-03-31 236.42 11.19 33.10 0.21
2015-12-31 234.30 13.15 32.32 0.44
2015-09-30 230.92 13.70 30.12 0.65
2015-06-30 230.52 13.32 29.45 0.91
2015-03-31 219.47 10.60 27.27 1.00
2014-12-31 217.68 10.10 26.88 0.79
2014-09-30 209.13 10.62 27.79 0.86
2014-06-30 212.05 12.54 28.69 0.79
2014-03-31 218.84 14.55 29.17 0.80
2013-12-31 223.34 12.77 30.78 0.81
2013-09-30 234.65 12.28 32.29 0.83
2013-06-30 244.30 11.58 32.72 0.73
2013-03-31 246.04 10.89 33.29 0.38
2012-12-31 247.99 8.76 33.18 0.35
2012-09-30 271.64 12.66 32.81
2012-06-30 280.66 11.13 32.80
2012-03-31 286.92 4.83 35.16

*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.
  • Zaklady Magnezytowe Ropczyce has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zaklady Magnezytowe Ropczyce used its assets more efficiently than the PL Basic Materials industry average last year based on Return on Assets.
  • Zaklady Magnezytowe Ropczyce has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zaklady Magnezytowe Ropczyce's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zaklady Magnezytowe Ropczyce has a total score of 5/6, 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.

RPC Health

 How is Zaklady Magnezytowe Ropczyce'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 Zaklady Magnezytowe Ropczyce's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zaklady Magnezytowe Ropczyce is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zaklady Magnezytowe Ropczyce's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zaklady Magnezytowe Ropczyce'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 2.1x 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 Zaklady Magnezytowe Ropczyce Company Filings, last reported 3 months ago.

WSE:RPC Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 248.14 102.01 25.15
2018-06-30 242.45 107.40 9.34
2018-03-31 244.16 98.67 4.82
2017-12-31 293.61 81.28 5.30
2017-09-30 301.63 66.91 6.12
2017-06-30 297.92 62.98 6.32
2017-03-31 302.62 65.28 5.96
2016-12-31 289.70 72.11 5.53
2016-09-30 242.41 71.38 5.90
2016-06-30 228.24 79.18 5.68
2016-03-31 230.58 82.76 5.99
2015-12-31 227.23 88.74 5.50
2015-09-30 225.06 85.42 6.79
2015-06-30 223.21 95.03 5.47
2015-03-31 222.73 99.03 8.82
2014-12-31 217.37 106.78 6.23
2014-09-30 214.75 94.55 4.87
2014-06-30 213.28 99.09 5.51
2014-03-31 215.07 93.04 5.53
2013-12-31 210.20 89.86 6.57
2013-09-30 206.88 81.94 25.92
2013-06-30 203.50 77.83 12.20
2013-03-31 201.90 75.33 21.08
2012-12-31 198.82 76.95 7.44
2012-09-30 195.98 69.90 5.45
2012-06-30 193.30 70.01 2.98
2012-03-31 190.80 66.51 8.81
  • Zaklady Magnezytowe Ropczyce's level of debt (41.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.6% vs 41.1% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Zaklady Magnezytowe Ropczyce'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. Zaklady Magnezytowe Ropczyce has a total score of 3/6, 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.

RPC Dividends

 What is Zaklady Magnezytowe Ropczyce'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
3.47%
Current annual income from Zaklady Magnezytowe Ropczyce dividends.
If you bought PLN2,000 of Zaklady Magnezytowe Ropczyce shares you are expected to receive PLN69 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?
  • Zaklady Magnezytowe Ropczyce's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.65%).
  • Zaklady Magnezytowe Ropczyce's dividend is below the markets top 25% of dividend payers in Poland (7.62%).
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:RPC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 3.3%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.6%
Poland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

WSE:RPC Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-08-09 1.100 3.528
2018-02-28 1.100 4.414
2017-03-14 1.000 4.329
2017-03-13 1.000 4.904
2016-04-28 0.900 4.423
2016-03-04 0.900 4.163
2015-05-07 0.750 3.651
2015-03-12 0.750 3.776
2014-11-05 0.650 3.825
2014-08-20 0.650 3.574
2014-03-18 0.650 2.885
2014-01-15 0.350 1.383
2013-03-19 0.350 1.684
2013-01-15 0.350 2.166
2009-01-26 0.000 0.000

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Zaklady Magnezytowe Ropczyce's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zaklady Magnezytowe Ropczyce's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Zaklady Magnezytowe Ropczyce afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zaklady Magnezytowe Ropczyce has a total score of 4/6, see the detailed checks below.


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

RPC Management

 What is the CEO of Zaklady Magnezytowe Ropczyce'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
Józef Siwiec
COMPENSATION PLN0
CEO Bio

Mr. Józef Siwiec has been the President of Management Board at Zaklady Magnezytowe Ropczyce Spolka Akcyjna since 2000 and serves as it's Managing Director. Mr. Siwiec served as President and Chief Executive Officer at Zaklady Magnezytowe Ropczyce Spolka Akcyjna.

CEO Compensation
  • Józef's compensation has been consistent with company performance over the past year.
  • Józef's remuneration is lower than average for companies of similar size in Poland.
Management Team

Józef Siwiec

TITLE
President of Management Board & MD

Marian Darlak

TITLE
Vice Chairman of Management Board - Quality & Development

Robert Duszkiewicz

TITLE
Vice Chairman of Management Board and Chief Financial Officer
Board of Directors

Roman Wenc

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN114K

Konstantyn Lytvynov

TITLE
Member of the Supervisory Board
COMPENSATION
PLN94K
TENURE
13 yrs

Grzegorz Ubysz

TITLE
Member of Supervisory Board
COMPENSATION
PLN94K

Leslaw Wojtas

TITLE
Member of Supervisory Board
COMPENSATION
PLN94K
AGE
68

Malgorzata Wypychowska

TITLE
Member of Supervisory Board
COMPENSATION
PLN94K
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 Zaklady Magnezytowe Ropczyce'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. Zaklady Magnezytowe Ropczyce 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.

RPC News

Simply Wall St News

Where Zaklady Magnezytowe Ropczyce SA (WSE:RPC) Stands In Terms Of Earnings Growth Against Its Industry

When Zaklady Magnezytowe Ropczyce SA (WSE:RPC) announced its most recent earnings (30 September 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Zaklady Magnezytowe Ropczyce has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … Check out our latest analysis for Zaklady Magnezytowe Ropczyce?

Simply Wall St -

Who Are The Major Shareholders Of Zaklady Magnezytowe ROPCZYCE SA (WSE:RPC)?

In this analysis, my focus will be on developing a perspective on Zaklady Magnezytowe ROPCZYCE SA’s (WSE:RPC) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … View our latest analysis for Zaklady Magnezytowe ROPCZYCE

Simply Wall St -

Should Zaklady Magnezytowe ROPCZYCE SA's (WSE:RPC) Recent Earnings Worry You?

Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. … In this article, I will take a look at Zaklady Magnezytowe ROPCZYCE SA's (WSE:RPC) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for Zaklady Magnezytowe ROPCZYCE?

Simply Wall St -

Is Zaklady Magnezytowe ROPCZYCE SA's (WSE:RPC) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Zaklady Magnezytowe ROPCZYCE SA (WSE:RPC) with its market cap of zł105.49m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should You Sell Zaklady Magnezytowe ROPCZYCE SA (WSE:RPC) At This PE Ratio?

and want to better understand how you can grow your money by investing in Zaklady Magnezytowe ROPCZYCE SA (WSE:RPC). … Zaklady Magnezytowe ROPCZYCE SA (WSE:RPC) is currently trading at a trailing P/E of 20.4x, which is higher than the industry average of 0x. … While RPC might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Zaklady Magnezytowe ROPCZYCE SA. (WSE:RPC): Time For A Financial Health Check

Additionally, RPC has produced cash from operations of ZŁ8.52M over the same time period, resulting in an operating cash to total debt ratio of 10.48%, meaning that RPC’s debt is not appropriately covered by operating cash. … Looking at RPC’s most recent ZŁ89.95M liabilities, the company has been able to meet these commitments with a current assets level of ZŁ219.13M, leading to a 2.44x current account ratio. … In RPC's, case, the ratio of 10.52x suggests that interest is comfortably covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: Although RPC’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

Simply Wall St -

Zaklady Magnezytowe ROPCZYCE SA. (WSE:RPC): Does The Earnings Decline Make It An Underperformer?

The two benchmarks I used were Zaklady Magnezytowe ROPCZYCE's average earnings over the past couple of years, and its industry performance. … Since these values may be somewhat short-term, I have created an annualized five-year figure for Zaklady Magnezytowe ROPCZYCE's net income, which stands at ZŁ11.30M This suggests that despite the fact that earnings growth was negative against last year, over time, Zaklady Magnezytowe ROPCZYCE's earnings have been growing on average. … Zaklady Magnezytowe ROPCZYCE's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Why Zaklady Magnezytowe ROPCZYCE SA. (WSE:RPC) Delivered An Inferior ROE Compared To The Industry

View our latest analysis for Zaklady Magnezytowe ROPCZYCE Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Zaklady Magnezytowe ROPCZYCE’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:RPC Last Perf May 8th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management. … Zaklady Magnezytowe ROPCZYCE’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

Simply Wall St -

Does Zaklady Magnezytowe ROPCZYCE SA.'s (WSE:RPC) PE Ratio Warrant A Buy?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for RPC Price per share = PLN23.9 Earnings per share = PLN1.631 ∴ Price-Earnings Ratio = PLN23.9 ÷ PLN1.631 = 14.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since RPC's P/E of 14.7x is lower than its industry peers (20.2x), it means that investors are paying less than they should for each dollar of RPC's earnings.

Simply Wall St -

RPC Company Info

Map
Description

Zaklady Magnezytowe Ropczyce S.A. manufactures and sells basic and aluminosilicate refractory materials in Poland and internationally. The company offers burned shaped refractories, including magnesia, magnesia-chrome, magnesia-spinel, magnesia-zirconia, forsterite, zirconia, alumina-chrome, nitride-bonded alumina, silica, aluminosilicate, and alumina refractories, as well as magnesia-spinel refractories with an addition of ZrO2. It also provides unburned shaped refractories, such as magnesia-graphite, magnesia-carbon, alumina-magnesia-carbon, magnesia-spinel-graphite, magnesia-chrome, alumina-graphite, and aluminosilicate refractories; and precast shapes from low-cement alumina-spinel and spinel castables, basic castables, and aluminosilicate castables. In addition, the company offers unshaped refractories for various functions in furnace installations. Further, it provides special refractories comprising gas-purging shapes and sets; RH snorkels; tapping sets for electric arc furnaces, oxygen converters, and steel ladles, as well as metering tapping sets for tundishes; monolithic roofs for electric arc furnaces; and reinforced large-size elements for Maerz Kiln monolithic pillars. The company serves steel metallurgy, non-ferrous metallurgy, cement and lime, and glass-making industries, as well as foundries. Zaklady Magnezytowe Ropczyce S.A. was founded in 1971 and is based in Warsaw, Poland.

Details
Name: Zaklady Magnezytowe Ropczyce S.A.
RPC
Exchange: WSE
Founded: 1971
PLN137,107,750
4,352,627
Website: http://www.ropczyce.com.pl
Address: Zaklady Magnezytowe Ropczyce S.A.
Postepu 15c,
Warsaw,
02-676,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE RPC Common Bearer Shares Warsaw Stock Exchange PL PLN 15. Jan 1998
LSE 0LYB Common Bearer Shares London Stock Exchange GB PLN 15. Jan 1998
Number of employees
Current staff
Staff numbers
0
Zaklady Magnezytowe Ropczyce employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/23 20:46
End of day share price update: 2019/01/23 00:00
Last earnings filing: 2018/10/26
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.