WSE:MLG

Stock Analysis Report

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Market Cap

zł1.7b

Last Updated

2021/07/28 22:14 UTC

Data Sources

Company Financials +

Executive Summary

MLP Group S.A., together with its subsidiaries, primarily engages in buying, developing, managing, and selling real estate properties in Poland, Germany, and Romania. More Details


Snowflake Analysis

Slightly overvalued with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MLG is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MLG's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.3%

MLG

-1.3%

PL Real Estate

-0.2%

PL Market


1 Year Return

7.0%

MLG

10.8%

PL Real Estate

23.5%

PL Market

Return vs Industry: MLG underperformed the Polish Real Estate industry which returned 10.8% over the past year.

Return vs Market: MLG underperformed the Polish Market which returned 23.5% over the past year.


Shareholder returns

MLGIndustryMarket
7 Day0.3%-1.3%-0.2%
30 Day0.8%-1.2%-2.2%
90 Day2.1%4.8%6.9%
1 Year7.0%7.0%13.5%10.8%25.9%23.5%
3 Year88.2%86.5%22.4%10.0%11.3%5.2%
5 Year111.6%109.7%-12.5%-22.4%32.3%19.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MLG (PLN77.6) is trading below our estimate of fair value (PLN323.35)

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


Price To Earnings Ratio

PE vs Industry: MLG is poor value based on its PE Ratio (21.1x) compared to the Polish Real Estate industry average (7.1x).

PE vs Market: MLG is poor value based on its PE Ratio (21.1x) compared to the Polish market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: MLG is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: MLG is overvalued based on its PB Ratio (1.2x) compared to the PL Real Estate industry average (0.7x).


Future Growth

How is MLP Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MLG's forecast earnings growth (8.6% per year) is above the savings rate (2.6%).

Earnings vs Market: MLG's earnings (8.6% per year) are forecast to grow slower than the Polish market (16.2% per year).

High Growth Earnings: MLG's earnings are forecast to grow, but not significantly.

Revenue vs Market: MLG's revenue (16% per year) is forecast to grow faster than the Polish market (7.8% per year).

High Growth Revenue: MLG's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MLG's Return on Equity is forecast to be low in 3 years time (11.8%).


Past Performance

How has MLP Group performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MLG has a large one-off gain of PLN55.4M impacting its March 31 2021 financial results.

Growing Profit Margin: MLG's current net profit margins (37.3%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: MLG's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: MLG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MLG had negative earnings growth (-67.8%) over the past year, making it difficult to compare to the Real Estate industry average (3.9%).


Return on Equity

High ROE: MLG's Return on Equity (6%) is considered low.


Financial Health

How is MLP Group's financial position?


Financial Position Analysis

Short Term Liabilities: MLG's short term assets (PLN202.8M) exceed its short term liabilities (PLN96.6M).

Long Term Liabilities: MLG's short term assets (PLN202.8M) do not cover its long term liabilities (PLN1.4B).


Debt to Equity History and Analysis

Debt Level: MLG's debt to equity ratio (98.2%) is considered high.

Reducing Debt: MLG's debt to equity ratio has increased from 52.2% to 98.2% over the past 5 years.

Debt Coverage: MLG's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: MLG's interest payments on its debt are well covered by EBIT (68.2x coverage).


Balance Sheet


Dividend

What is MLP Group current dividend yield, its reliability and sustainability?

0.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MLG's dividend (0.28%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.05%).

High Dividend: MLG's dividend (0.28%) is low compared to the top 25% of dividend payers in the Polish market (5.95%).


Stability and Growth of Payments

Stable Dividend: MLG is not paying a notable dividend for the Polish market, therefore no need to check if payments are stable.

Growing Dividend: MLG is not paying a notable dividend for the Polish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.1yrs

Average board tenure


CEO

Radoslaw Krochta

no data

Tenure

zł590,000

Compensation

Mr. Radoslaw Tomasz Krochta serves as the Chief Executive Officer and Vice President of the Management Board at MLP Group S.A and has been its Member of the Management Board since June 28, 2012. Mr. Krocht...


Board Members

Experienced Board: MLG's board of directors are considered experienced (3.1 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 been diluted in the past year, with total shares outstanding growing by 18%.


Top Shareholders

Company Information

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


Key Information

  • Name: MLP Group S.A.
  • Ticker: MLG
  • Exchange: WSE
  • Founded: 1995
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: zł1.659b
  • Shares outstanding: 21.37m
  • Website: https://www.mlp.pl

Number of Employees


Location

  • MLP Group S.A.
  • ul. 3-go Maja 8
  • Pruszków
  • 05-800
  • Poland

Listings


Biography

MLP Group S.A., together with its subsidiaries, primarily engages in buying, developing, managing, and selling real estate properties in Poland, Germany, and Romania. It is also involved in the rental of r...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 22:14
End of Day Share Price2021/07/28 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.