WSE:CPS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Cyfrowy Polsat

Market Cap

zł21.6b

Last Updated

2021/08/04 21:41 UTC

Data Sources

Company Financials +

Executive Summary

Cyfrowy Polsat S.A. provides digital satellite platform, digital terrestrial television (TV), and telecommunication services in Poland. More Details


Snowflake Analysis

Adequate balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CPS is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CPS's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

CPS

0.2%

PL Media

1.2%

PL Market


1 Year Return

16.6%

CPS

19.0%

PL Media

28.1%

PL Market

Return vs Industry: CPS underperformed the Polish Media industry which returned 19% over the past year.

Return vs Market: CPS underperformed the Polish Market which returned 28.1% over the past year.


Shareholder returns

CPSIndustryMarket
7 Day1.9%0.2%1.2%
30 Day10.1%7.7%0.3%
90 Day16.3%14.0%8.5%
1 Year21.1%16.6%23.5%19.0%30.7%28.1%
3 Year54.4%44.1%45.5%36.2%13.9%7.8%
5 Year51.4%39.5%48.2%36.5%30.5%18.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CPS (PLN33.7) is trading below our estimate of fair value (PLN44.54)

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


Price To Earnings Ratio

PE vs Industry: CPS is poor value based on its PE Ratio (16x) compared to the Polish Media industry average (12.6x).

PE vs Market: CPS is poor value based on its PE Ratio (16x) compared to the Polish market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: CPS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CPS is good value based on its PB Ratio (1.5x) compared to the PL Media industry average (2x).


Future Growth

How is Cyfrowy Polsat forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPS's earnings are forecast to decline over the next 3 years (-22.8% per year).

Earnings vs Market: CPS's earnings are forecast to decline over the next 3 years (-22.8% per year).

High Growth Earnings: CPS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPS's revenue (1.9% per year) is forecast to grow slower than the Polish market (7.9% per year).

High Growth Revenue: CPS's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPS's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

How has Cyfrowy Polsat performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPS has high quality earnings.

Growing Profit Margin: CPS's current net profit margins (11.1%) are higher than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: CPS's earnings have grown by 0.3% per year over the past 5 years.

Accelerating Growth: CPS's earnings growth over the past year (36.1%) exceeds its 5-year average (0.3% per year).

Earnings vs Industry: CPS earnings growth over the past year (36.1%) underperformed the Media industry 56.2%.


Return on Equity

High ROE: CPS's Return on Equity (8.8%) is considered low.


Financial Health

How is Cyfrowy Polsat's financial position?


Financial Position Analysis

Short Term Liabilities: CPS's short term assets (PLN8.7B) exceed its short term liabilities (PLN5.3B).

Long Term Liabilities: CPS's short term assets (PLN8.7B) do not cover its long term liabilities (PLN12.3B).


Debt to Equity History and Analysis

Debt Level: CPS's debt to equity ratio (76%) is considered high.

Reducing Debt: CPS's debt to equity ratio has reduced from 133.1% to 76% over the past 5 years.

Debt Coverage: CPS's debt is well covered by operating cash flow (28.8%).

Interest Coverage: CPS's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is Cyfrowy Polsat current dividend yield, its reliability and sustainability?

3.56%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 05 2021Ex Dividend DateSep 14 2021Dividend Pay DateDec 10 202187 days from Ex DividendBuy in the next 40 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CPS's dividend (3.56%) is higher than the bottom 25% of dividend payers in the Polish market (2.06%).

High Dividend: CPS's dividend (3.56%) is low compared to the top 25% of dividend payers in the Polish market (5.88%).


Stability and Growth of Payments

Stable Dividend: CPS's dividend payments have been volatile in the past 10 years.

Growing Dividend: CPS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.9%), CPS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPS's dividends in 3 years are forecast to be covered by earnings (60.3% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Miroslaw Blaszczyk

2.33yrs

Tenure

zł3,000,000

Compensation

Mr. Miroslaw Blaszczyk has been President of the Management Board at Cyfrowy Polsat SA. since April 01, 2019. He is also President of the Management Board of Polkomtel (since April 2019), Supervisory Board...


CEO Compensation Analysis

Compensation vs Market: Miroslaw's total compensation ($USD781.07K) is about average for companies of similar size in the Polish market ($USD781.51K).

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


Leadership Team

Experienced Management: CPS's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: CPS's board of directors are considered experienced (3.2 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Cyfrowy Polsat S.A.
  • Ticker: CPS
  • Exchange: WSE
  • Founded: 1996
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: zł21.553b
  • Shares outstanding: 639.55m
  • Website: https://www.cyfrowypolsat.pl

Number of Employees


Location

  • Cyfrowy Polsat S.A.
  • Lubinowa 4a
  • Warsaw
  • 03-878
  • Poland

Listings


Biography

Cyfrowy Polsat S.A. provides digital satellite platform, digital terrestrial television (TV), and telecommunication services in Poland. The company operates in two segments, B2C and B2B Services, and Media...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 21:41
End of Day Share Price2021/08/04 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.