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Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna

WSE:ZRE
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZRE
WSE
PLN4M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna produces and sells containers and steel structures in Poland. The last earnings update was 27 days ago. More info.


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ZRE Share Price and Events
7 Day Returns
0%
WSE:ZRE
-1.3%
PL Metals and Mining
-2.2%
PL Market
1 Year Returns
44.1%
WSE:ZRE
-24.4%
PL Metals and Mining
-11.8%
PL Market
ZRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna (ZRE) 0% 0% -2% 44.1% -31.9% -75.5%
PL Metals and Mining -1.3% -4% -7.2% -24.4% 47.2% -9.3%
PL Market -2.2% 0.8% -3.3% -11.8% 9.3% -6.6%
1 Year Return vs Industry and Market
  • ZRE outperformed the Metals and Mining industry which returned -24.4% over the past year.
  • ZRE outperformed the Market in Poland which returned -11.8% over the past year.
Price Volatility
ZRE
Industry
5yr Volatility vs Market

ZRE Value

 Is Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna.

WSE:ZRE 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 12.9%
Perpetual Growth Rate 10-Year PL Government Bond Rate 3.3%

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:ZRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.881 (1 + (1- 19%) (77.73%))
1.435
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.33% + (1.435 * 6.67%)
12.9%

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

The calculations below outline how an intrinsic value for Zaklad Budowy Maszyn ZREMB - Chojnice 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:ZRE DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 8.29 6.72 5.51 4.57 3.84
Source Est @ -20%, capped from -39.45% Est @ -19%, capped from -39.45% Est @ -18%, capped from -39.45% Est @ -17%, capped from -39.45% Est @ -16%, capped from -39.45%
Present Value
Discounted (@ 12.9%)
7.35 5.27 3.83 2.81 2.09
Present value of next 5 years cash flows PLN21.35
WSE:ZRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN3.84 × (1 + 3.33%) ÷ (12.9% – 3.33%)
PLN41.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN41.43 ÷ (1 + 12.9%)5
PLN22.59
WSE:ZRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN21.35 + PLN22.59
PLN43.93
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN43.93 / 8.66
PLN5.07
WSE:ZRE Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN5.07
Current discount Discount to share price of PLN0.49
= -1 x (PLN0.49 - PLN5.07) / PLN5.07
90.3%

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

Current Discount
Amount off the current price Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is available for.
Intrinsic value
>50%
Share price is PLN0.49 vs Future cash flow value of PLN5.07
Current Discount Checks
For Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:ZRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN0.80
WSE:ZRE Share Price ** WSE (2018-09-28) in PLN PLN0.49
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.28x
Poland Market PE Ratio Median Figure of 447 Publicly-Listed Companies 10.08x

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

** Primary Listing of Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna.

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

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

= 0.49 ÷ 0.80

0.61x

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

  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is good value based on earnings compared to the PL Metals and Mining industry average.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's expected growth come at a high price?
Raw Data
WSE:ZRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Poland Metals and Mining Industry PEG Ratio Median Figure of 6 Publicly-Listed Metals and Mining Companies 0.86x
Poland Market PEG Ratio Median Figure of 97 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's assets?
Raw Data
WSE:ZRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN-0.04
WSE:ZRE Share Price * WSE (2018-09-28) in PLN PLN0.49
Poland Metals and Mining Industry PB Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 0.96x
Poland Market PB Ratio Median Figure of 686 Publicly-Listed Companies 0.94x
WSE:ZRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.49 ÷ -0.04

-13.11x

* Primary Listing of Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna.

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

  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has negative assets, we can't compare the value of its assets to the PL Metals and Mining industry average.
X
Value checks
We assess Zaklad Budowy Maszyn ZREMB - Chojnice 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 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. Zaklad Budowy Maszyn ZREMB - Chojnice 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.

ZRE Future Performance

 How is Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice 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
3.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna expected to grow at an attractive rate?
  • Unable to compare Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:ZRE Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.6%
Poland Market Earnings Growth Rate Market Cap Weighted Average 9%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*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:ZRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:ZRE Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 14 2 7
2018-06-30 17 1 5
2018-03-31 24 -0 -3
2017-12-31 23 1 -5
2017-09-30 6 -0 -10
2017-06-30 7 0 -12
2017-03-31 12 -3 -7
2016-12-31 20 -15 -9
2016-09-30 68 -4 -11
2016-06-30 81 -3 -8
2016-03-31 85 -4 -6
2015-12-31 90 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is high growth as no earnings estimate data is available.
  • Unable to determine if Zaklad Budowy Maszyn ZREMB - Chojnice 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:ZRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ZRE Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 0.80
2018-06-30 0.55
2018-03-31 -0.32
2017-12-31 -0.59
2017-09-30 -1.19
2017-06-30 -1.39
2017-03-31 -0.78
2016-12-31 -1.00
2016-09-30 -1.21
2016-06-30 -0.95
2016-03-31 -0.70
2015-12-31 -0.36

*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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is trading at Zaklad Budowy Maszyn ZREMB - Chojnice 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. Zaklad Budowy Maszyn ZREMB - Chojnice 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. Zaklad Budowy Maszyn ZREMB - Chojnice 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
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Future performance checks
We assess Zaklad Budowy Maszyn ZREMB - Chojnice 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.
Zaklad Budowy Maszyn ZREMB - Chojnice 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.

ZRE Past Performance

  How has Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka 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.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has become profitable in the last year making it difficult to compare the PL Metals and Mining industry average.
Earnings and Revenue History
Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ZRE 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 14.32 7.01 0.73
2018-06-30 17.33 4.82 1.91
2018-03-31 24.31 -2.78 4.14
2017-12-31 22.83 -5.19 4.52
2017-09-30 5.51 -10.41 4.86
2017-06-30 7.21 -12.12 4.65
2017-03-31 12.42 -6.83 3.12
2016-12-31 19.60 -8.69 3.53
2016-09-30 68.36 -10.58 8.22
2016-06-30 81.47 -8.31 8.01
2016-03-31 84.50 -6.08 8.02
2015-12-31 90.48 -3.13 8.18
2015-09-30 96.74 -0.48 7.71
2015-06-30 95.83 0.71 8.06
2015-03-31 98.46 0.69 8.12
2014-12-31 107.69 2.14 7.85
2014-09-30 107.03 2.56 7.76
2014-06-30 116.30 2.28 7.75
2014-03-31 121.37 2.41 7.70
2013-12-31 112.95 1.58 7.67
2013-09-30 128.32 1.89 7.91
2013-06-30 125.07 1.11 7.85
2013-03-31 127.51 0.49 7.85
2012-12-31 124.81 0.74 7.58
2012-09-30 115.95 -0.75 7.70
2012-06-30 109.58 -1.09 7.79
2012-03-31 101.61 -1.13 7.57
2011-12-31 100.64 -5.36 7.51

*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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zaklad Budowy Maszyn ZREMB - Chojnice 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 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.
Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

ZRE Health

 How is Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zaklad Budowy Maszyn ZREMB - Chojnice 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.
  • Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna Company Filings, last reported 2 months ago.

WSE:ZRE Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.44 3.30 1.26
2018-06-30 -1.70 3.03 0.60
2018-03-31 -2.78 3.91 0.06
2017-12-31 -2.66 4.00 1.27
2017-09-30 -1.65 10.62 1.11
2017-06-30 -0.40 10.98 1.59
2017-03-31 3.40 11.33 2.43
2016-12-31 10.46 11.95 2.65
2016-09-30 14.69 0.00 3.55
2016-06-30 17.92 11.98 3.31
2016-03-31 18.57 0.00 5.60
2015-12-31 22.67 7.22 13.26
2015-09-30 25.95 0.00 5.34
2015-06-30 26.10 11.08 5.88
2015-03-31 26.59 0.00 6.26
2014-12-31 26.52 3.01 12.08
2014-09-30 27.96 0.00 5.17
2014-06-30 27.18 4.55 6.33
2014-03-31 25.39 0.00 6.81
2013-12-31 24.52 3.49 15.40
2013-09-30 23.05 0.00 6.73
2013-06-30 22.68 2.97 3.69
2013-03-31 20.53 0.00 6.40
2012-12-31 21.39 3.50 20.19
2012-09-30 19.14 0.00 4.27
2012-06-30 19.28 4.27 5.98
2012-03-31 18.05 0.00 4.75
2011-12-31 18.63 5.90 11.31
  • Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (61.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.2x coverage).
X
Financial health checks
We assess Zaklad Budowy Maszyn ZREMB - Chojnice 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. Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna 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.

ZRE Dividends

 What is Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna dividends.
If you bought PLN2,000 of Zaklad Budowy Maszyn ZREMB - Chojnice 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 Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zaklad Budowy Maszyn ZREMB - Chojnice 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:ZRE 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 2.2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 210 Stocks 3.4%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
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.

WSE:ZRE Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2008-12-29 0.000 0.000

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

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

ZRE Management

 What is the CEO of Zaklad Budowy Maszyn ZREMB - Chojnice 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
Krzysztof Kosiorek-Sobolewski
COMPENSATION PLN815,000
CEO Bio

Mr. Krzysztof Kosiorek-Sobolewski has been the President of the Management Board at Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna since February, 2010 and has been its Member of the Management Board since May 2007. Mr. Sobolewski served as Member of the Supervisory Board at Family Frost Polska S.A. and JAGO Logistyka S.A from March, 2011 to November, 2011 and December, 2010 to November, 2011. Member of the Supervisory Board at Henczke-Budownictwo Sp. z o.o., JAGO S.A and Budopol Wroclaw S.A. from July, 2009 to March, 2010, May, 2007 to September, 2010 and February, 2006 to May, 2008 respectively. He served as Chairman of the Supervisory Board at Navimor-Invest S.A. from April, 2010 to July, 2012. He served as President of the Management Board at S1 Sp. z o.o., STORMM S.A., Mostostal-Export-Dom Sp. z o.o. from July, 2008 to March, 2011, October, 2007 to February, 2009 and April, 2006 to October, 2007 respectively. He has been President of the Management Board at NAVIMOR-Z Sp. z o.o. and NAVIMOR-INVEST S.A. since January, 2014 and July, 2012 respectively. He has been President of the Management Board at IRAQ-POLAND TRADE&INVESTMENT Sp. z o.o. and Park Bronisze Sp. z o.o. since August, 2010 and March, 2007 respectively. He has been Chairman of the Supervisory Board at Stocznia Tczew S.A. since July, 2010.

CEO Compensation
  • Krzysztof's compensation has increased in line with Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna recently becoming profitable.
  • Krzysztof's remuneration is higher than average for companies of similar size in Poland.
Management Team

Krzysztof Kosiorek-Sobolewski

TITLE
President of the Management Board
COMPENSATION
PLN815K

Garus Marcin

TITLE
Vice President
COMPENSATION
PLN120K
Board of Directors

Wojciech Kolakowski

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN61K

Adam Bielenia

TITLE
Member of the Supervisory Board
COMPENSATION
PLN12K

Adrian Strzelczyk

TITLE
Member of the Supervisory Board
COMPENSATION
PLN47K

Joanna Kosiorek-Sobolewska

TITLE
Member of the Supervisory Board
COMPENSATION
PLN12K
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 Zaklad Budowy Maszyn ZREMB - Chojnice 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. Zaklad Budowy Maszyn ZREMB - Chojnice 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.

ZRE News

External News
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Simply Wall St News

Is Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's (WSE:ZRE) CEO Pay Fair?

Krzysztof Kosiorek-Sobolewski took the reins as CEO of Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's (WSE:ZRE) and grew market cap to zł3.38m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Check out our latest analysis for Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna

Simply Wall St -

Why You Need To Look At This Factor Before Buying Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna (WSE:ZRE)

Generally, an investor should consider two types of risk that impact the market value of ZRE. … Based on this beta value, ZRE appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … However, this is the opposite to what ZRE’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Should You Be Concerned About Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna's (WSE:ZRE) Shareholders?

In this article, I will take a quick look at Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna’s (WSE:ZRE) recent ownership structure – an unconventional investing subject, but an important one. … View our latest analysis for Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna WSE:ZRE Ownership_summary Mar 30th 18 Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Potential investors in ZRE should also look at another important group of investors: private companies, with a stake of 8.60%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna (WSE:ZRE): Does The -82.93% Earnings Drop Reflect A Longer Term Trend?

When Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna (WSE:ZRE) released its most recent earnings update (30 September 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … See our latest analysis for Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna How Did ZRE's Recent Performance Stack Up Against Its Past? … For Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna, its latest trailing-twelve-month earnings is -ZŁ19.35M, which, in comparison to the previous year's level, has become more negative.

Simply Wall St -

ZRE Company Info

Map
Description

Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna produces and sells containers and steel structures in Poland. The company offers offshore containers for shipping and drilling platforms; basket containers for the transportation of equipment, etc. to drilling platforms; mini-mud freight containers for the transportation of equipment and food to drilling platform personnel; borekaks containers for the transportation of waste material from drilling work on platforms; specialist containers for machine shops, compression shops, generators, etc.; containers and platforms for the army; and containers for radio-active waste. It also offers steel roof constructions and frames for glazed facades, and individually designed buildings and plants, as well as various other steel constructions. The company exports its steel roof constructions and elevations to Germany, Arabic countries, Turkey, Italy, Spain, the United States, Ireland, and the Great Britain. The company is based in Chojnice, Poland. Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna is a subsidiary of MSX Resources SA.

Details
Name: Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna
ZRE
Exchange: WSE
Founded:
PLN4,243,001
8,659,187
Website: http://www.zremb-ch.com.pl
Address: Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna
ul. Przemyslowa 15,
Chojnice,
89-600,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE ZRE Ordinary Shares Warsaw Stock Exchange PL PLN 10. Jun 2008
Number of employees
Current staff
Staff numbers
0
Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/26 21:15
End of day share price update: 2018/09/28 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.