WSE:EMU

Stock Analysis Report

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Executive Summary

e-Muzyka S.A. engages in digital music distribution activities in Poland and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has e-Muzyka's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EMU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.4%

EMU

1.6%

PL Entertainment

-0.4%

PL Market


1 Year Return

44.3%

EMU

102.2%

PL Entertainment

-5.5%

PL Market

Return vs Industry: EMU underperformed the Polish Entertainment industry which returned 102.2% over the past year.

Return vs Market: EMU exceeded the Polish Market which returned -5.5% over the past year.


Shareholder returns

EMUIndustryMarket
7 Day-2.4%1.6%-0.4%
30 Day3.1%5.7%1.9%
90 Day10.7%17.4%19.5%
1 Year44.3%44.3%102.5%102.2%-4.7%-5.5%
3 Year50.9%50.9%334.1%329.8%-17.8%-22.7%
5 Year104.7%58.1%1,033.6%997.1%-6.8%-17.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is e-Muzyka undervalued compared to its fair value and its price relative to the market?

10.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EMU (PLN3.32) is trading above our estimate of fair value (PLN3.25)

Significantly Below Fair Value: EMU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EMU is good value based on its PE Ratio (10.2x) compared to the PL Entertainment industry average (44.4x).

PE vs Market: EMU is good value based on its PE Ratio (10.2x) compared to the Polish market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EMU is good value based on its PB Ratio (2.5x) compared to the PL Entertainment industry average (10.8x).


Next Steps

Future Growth

How is e-Muzyka forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.5%

Forecasted Media industry annual growth in earnings


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 e-Muzyka 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has e-Muzyka performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EMU has a high level of non-cash earnings.

Growing Profit Margin: EMU's current net profit margins (6.5%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: EMU's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: EMU's earnings growth over the past year (23.1%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: EMU earnings growth over the past year (23.1%) underperformed the Entertainment industry 44.5%.


Return on Equity

High ROE: EMU's Return on Equity (24.6%) is considered high.


Next Steps

Financial Health

How is e-Muzyka's financial position?


Financial Position Analysis

Short Term Liabilities: EMU's short term assets (PLN16.4M) exceed its short term liabilities (PLN10.0M).

Long Term Liabilities: EMU's short term assets (PLN16.4M) exceed its long term liabilities (PLN33.4K).


Debt to Equity History and Analysis

Debt Level: EMU is debt free.

Reducing Debt: EMU has not had any debt for past 5 years.

Debt Coverage: EMU has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EMU has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is e-Muzyka current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate EMU'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 EMU's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EMU'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?


CEO

Jan Ejsmont

0.17

Tenure

Mr. Jan Ejsmont serves as President of the Management Board at e-Muzyka S.A. since June 2020 and served as its Vice President of the Management Board until June 2020. Mr. Ejsmont has been President of the ...


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

e-Muzyka S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: e-Muzyka S.A.
  • Ticker: EMU
  • Exchange: WSE
  • Founded:
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: zł24.955m
  • Shares outstanding: 7.52m
  • Website: https://www.e-muzyka.pl

Location

  • e-Muzyka S.A.
  • ul. Zwyciezców 18
  • Warsaw
  • 03-941
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EMUWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNFeb 2008

Biography

e-Muzyka S.A. engages in digital music distribution activities in Poland and internationally. The company also produces and supplies ringtones and ringback tones; and marketing consulting services. In addi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/13 21:40
End of Day Share Price2020/08/13 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.