WSE:AGO

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

zł440.7m

Last Updated

2021/08/01 17:05 UTC

Data Sources

Company Financials +

Executive Summary

Agora S.A., together with its subsidiaries, primarily publishes magazines, periodicals, and books in Poland. More Details


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

How has Agora's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGO is more volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: AGO's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Polish stocks.


Market Performance


7 Day Return

2.2%

AGO

3.3%

PL Media

0.2%

PL Market


1 Year Return

26.1%

AGO

23.5%

PL Media

30.8%

PL Market

Return vs Industry: AGO exceeded the Polish Media industry which returned 23.5% over the past year.

Return vs Market: AGO underperformed the Polish Market which returned 30.8% over the past year.


Shareholder returns

AGOIndustryMarket
7 Day2.2%3.3%0.2%
30 Day-9.0%10.9%-0.06%
90 Day20.7%14.8%7.9%
1 Year26.1%26.1%28.1%23.5%33.4%30.8%
3 Year-3.6%-7.3%50.7%41.0%14.4%8.2%
5 Year-5.1%-12.4%52.3%40.2%31.9%19.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Agora undervalued compared to its fair value and its price relative to the market?

24.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGO (PLN9.46) is trading below our estimate of fair value (PLN12.54)

Significantly Below Fair Value: AGO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGO is unprofitable, so we can't compare its PE Ratio to the Polish Media industry average.

PE vs Market: AGO is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AGO is good value based on its PB Ratio (0.6x) compared to the PL Media industry average (2x).


Future Growth

How is Agora forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

67.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: AGO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AGO's is expected to become profitable in the next 3 years.

Revenue vs Market: AGO's revenue (12.5% per year) is forecast to grow faster than the Polish market (7.9% per year).

High Growth Revenue: AGO's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGO's Return on Equity is forecast to be low in 3 years time (4.7%).


Past Performance

How has Agora performed over the past 5 years?

-38.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGO is currently unprofitable.

Growing Profit Margin: AGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGO is unprofitable, and losses have increased over the past 5 years at a rate of 38.7% per year.

Accelerating Growth: Unable to compare AGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AGO is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (56.2%).


Return on Equity

High ROE: AGO has a negative Return on Equity (-18.44%), as it is currently unprofitable.


Financial Health

How is Agora's financial position?


Financial Position Analysis

Short Term Liabilities: AGO's short term assets (PLN300.3M) do not cover its short term liabilities (PLN441.1M).

Long Term Liabilities: AGO's short term assets (PLN300.3M) do not cover its long term liabilities (PLN759.6M).


Debt to Equity History and Analysis

Debt Level: AGO's debt to equity ratio (19.3%) is considered satisfactory.

Reducing Debt: AGO's debt to equity ratio has increased from 3.9% to 19.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable AGO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AGO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.2% per year.


Dividend

What is Agora current dividend yield, its reliability and sustainability?

2.95%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AGO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AGO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AGO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AGO is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AGO's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Bartosz Hojka (47 yo)

7.33yrs

Tenure

zł687,000

Compensation

Mr. Bartosz Hojka has been the President of the Management Board at Agora Spólka Akcyjna Since March 12, 2014. Mr. Hojka has been Member of the Management Board and Managing Director at Grupa Radiowa Agory...


CEO Compensation Analysis

Compensation vs Market: Bartosz's total compensation ($USD178.52K) is about average for companies of similar size in the Polish market ($USD178.52K).

Compensation vs Earnings: Bartosz's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AGO's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: AGO's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Agora S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Agora S.A.
  • Ticker: AGO
  • Exchange: WSE
  • Founded: 1989
  • Industry: Publishing
  • Sector: Media
  • Market Cap: zł440.655m
  • Shares outstanding: 46.58m
  • Website: https://www.agora.pl

Number of Employees


Location

  • Agora S.A.
  • 8/10 Czerska Street
  • Warsaw
  • 00-732
  • Poland

Listings


Biography

Agora S.A., together with its subsidiaries, primarily publishes magazines, periodicals, and books in Poland. The company operates through five segments: Movies and Books, Press, Outdoor, Internet, and Radi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 17:05
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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