WSE:MZA

Stock Analysis Report

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Executive Summary

Muza S.A. publishes books in Poland. It publishes various categories of books that include literature, albums, atlases, encyclopedias, lexicons, guides, dictionaries, and travel guides, as well as books for children and youth. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MZA is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MZA's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

7.1%

MZA

2.1%

PL Media

2.6%

PL Market


1 Year Return

22.2%

MZA

0.9%

PL Media

-0.3%

PL Market

Return vs Industry: MZA exceeded the Polish Media industry which returned 0.3% over the past year.

Return vs Market: MZA exceeded the Polish Market which returned -3.1% over the past year.


Shareholder returns

MZAIndustryMarket
7 Day7.1%2.1%2.6%
30 Day37.5%7.8%13.1%
90 Day32.0%4.0%8.6%
1 Year22.2%22.2%4.6%0.9%0.6%-0.3%
3 Year-4.1%-4.1%18.8%11.0%-11.9%-17.3%
5 Year13.8%13.8%41.8%30.1%14.3%1.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MZA (PLN3.3) is trading above our estimate of fair value (PLN2.66)

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


Price To Earnings Ratio

PE vs Industry: MZA is good value based on its PE Ratio (2.7x) compared to the PL Media industry average (14.1x).

PE vs Market: MZA is good value based on its PE Ratio (2.7x) compared to the Polish market (12.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MZA is good value based on its PB Ratio (0.4x) compared to the PL Media industry average (1.6x).


Next Steps

Future Growth

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

32.6%

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 Muza 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 Muza performed over the past 5 years?

-1.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MZA has a large one-off gain of PLN1.6M impacting its September 30 2020 financial results.

Growing Profit Margin: MZA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MZA's earnings have declined by 1.4% per year over the past 5 years.

Accelerating Growth: MZA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MZA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (9.2%).


Return on Equity

High ROE: MZA's Return on Equity (14.7%) is considered low.


Next Steps

Financial Health

How is Muza's financial position?


Financial Position Analysis

Short Term Liabilities: MZA's short term assets (PLN17.1M) exceed its short term liabilities (PLN10.6M).

Long Term Liabilities: MZA's short term assets (PLN17.1M) exceed its long term liabilities (PLN6.4M).


Debt to Equity History and Analysis

Debt Level: MZA's debt to equity ratio (5.9%) is considered satisfactory.

Reducing Debt: MZA's debt to equity ratio has reduced from 7.5% to 5.9% over the past 5 years.

Debt Coverage: MZA's debt is well covered by operating cash flow (282.7%).

Interest Coverage: MZA's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MZA'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 MZA'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?

zł533k

CEO Compensation


CEO

Marcin Garlinski

no data

Tenure

zł533,244

Compensation

Mr. Marcin Garlinski serves as Member of the Supervisory Board at CI Games S.A. since September 28, 2018. Mr. Garlinski serves as Chairman of the Management Board at Muza Spolka Akcyjna.


CEO Compensation Analysis

Compensation vs Market: Marcin's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD157.09K).

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


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

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


Key Information

  • Name: Muza S.A.
  • Ticker: MZA
  • Exchange: WSE
  • Founded: 1991
  • Industry: Publishing
  • Sector: Media
  • Market Cap: zł9.242m
  • Shares outstanding: 2.80m
  • Website: https://www.muza.com.pl

Location

  • Muza S.A.
  • ul. Sienna 73
  • Warsaw
  • 00-833
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MZAWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNApr 1998
0LW7LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNApr 1998
M9ZBST (Boerse-Stuttgart)YesCommon Bearer SharesDEEURApr 1998

Biography

Muza S.A. publishes books in Poland. It publishes various categories of books that include literature, albums, atlases, encyclopedias, lexicons, guides, dictionaries, and travel guides, as well as books fo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 18:02
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
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.