Modivo Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Dariusz Milek
Chief executive officer
zł1.8m
Total compensation
| CEO salary percentage | 66.60% |
| CEO tenure | 3.2yrs |
| CEO ownership | n/a |
| Management average tenure | 2.9yrs |
| Board average tenure | 2.3yrs |
Recent management updates
Recent updates
Narrative Update • Jul 06
MDV: Higher Margin Outlook And Lower Risk Profile Will Support Upside
Analysts have reduced their 12 month price target for Modivo from PLN 228.75 to PLN 165.00. They cite a lower assumed revenue growth rate and P/E multiple, partly offset by higher projected profit margins and a slightly reduced discount rate.
Narrative Update • Jun 22
MDV: Reset Expectations And Cost Discipline Will Support Future Earnings Quality
The analyst price target for Modivo has been revised from PLN131.64 to PLN113.30, as analysts incorporate updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple following recent downgrades in Street research. Analyst Commentary Recent Street research on Modivo has shifted toward a more cautious stance, with multiple downgrades feeding directly into the lower price target and the use of a reduced future P/E multiple.Analysis Article • Jun 06
Modivo's (WSE:MDV) Sluggish Earnings Might Be Just The Beginning Of Its Problems
The market shrugged off Modivo S.A.'s ( WSE:MDV ) weak earnings report last week. We looked at the details, and we...
Narrative Update • Jun 06
MDV: Recent Downgrades And Revised P E Assumptions May Shape Future Returns
Analysts have trimmed their price targets on Modivo to PLN 74.00, reflecting updated views on the company’s projected revenue growth, profit margins, and P/E assumptions following several recent downgrades. Analyst Commentary Recent Street research on Modivo has leaned cautious, with several bearish analysts cutting ratings and reassessing their assumptions behind the PLN 74.00 price target.Narrative Update • May 21
MDV: Recent Downgrades And Richer P E Multiple Will Shape Future Returns
Analysts have trimmed their price target on Modivo from PLN 75.00 to PLN 74.00, citing updated assumptions for growth, profitability, and a higher projected P/E multiple following recent downgrades from several firms. Analyst Commentary Recent research has highlighted a more cautious tone around Modivo, with several bearish analysts revisiting their assumptions and trimming expectations.Narrative Update • May 06
MDV: Reset Expectations And Sticky Clients Will Support Future Earnings Quality
Analysts have trimmed their price target on Modivo to PLN 131.64 from PLN 138.18, citing updated assumptions around revenue growth, profit margins and future P/E multiples following recent downgrades from several brokers. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the updated assumptions on revenue growth and margins are now closer to recent broker estimates, which they see as reducing the risk of further large valuation resets.Narrative Update • Apr 22
MDV: Data Moat And Sticky Clients Will Support Future Earnings Quality
Analysts have trimmed their price target on Modivo from PLN 143.64 to PLN 138.18. This change reflects updated fair value estimates based on slightly higher discount rate assumptions and a modestly lower future P/E.Narrative Update • Apr 08
MDV: Mature High Margin Platform Profile Will Support Future Upside Potential
Narrative Update on Modivo Analysts have reset their price target for Modivo from PLN254.60 to PLN228.75, citing updated assumptions for discount rate, revenue growth, profit margin and a lower future P/E multiple in line with how maturing, high margin platforms are being framed in recent research. Analyst Commentary Bullish analysts looking at Modivo are framing it against peers that already operate at scale with strong profitability, similar to how large platforms in other sectors generate more than $1b in revenue with roughly 40% margins while growth slows as they mature.Narrative Update • Mar 25
MDV: Data Moat And Sticky Clients Will Support Future Margin Quality
Analysts have revised their price target on Modivo to PLN 143.64 from PLN 181.31. This reflects updated assumptions around fair value, discount rate, growth, profitability and future P/E.Narrative Update • Mar 10
MDV: Higher Risk Assumptions And Lower P E Multiple Will Restrain Upside
Analysts have reduced their price target for Modivo from PLN 91.70 to PLN 75.00. This change reflects updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples.Narrative Update • Feb 23
MDV: Slower AI And Automation Uptake Will Cap Future Share Price Upside
Analysts have trimmed their PLN price target for Modivo slightly to reflect a fair value adjustment from PLN 92.00 to about PLN 91.70, balancing marginally higher revenue growth assumptions with slightly lower profit margin and P/E expectations. Analyst Commentary Recent valuation work on Modivo points to a more cautious tone among some bearish analysts, who are stressing that even small changes in assumptions on margins and P/E can meaningfully influence perceived upside.Narrative Update • Feb 09
CCC: Data Moat And Sticky Clients Will Support Future Upside Potential
Analysts have trimmed their price target on CCC, cutting Fair Value by about US$28 to US$254.60 as they factor in more modest revenue growth, lower profit margins despite roughly 40% historical levels cited in recent research, and a higher future P/E multiple that reflects both CCC's maturing core auto insurance and claims business and tempered expectations for incremental upside from AI and casualty opportunities. Analyst Commentary Recent Street research paints a mixed but constructive picture for CCC, with views ranging from cautious to optimistic on how the company can translate its existing scale in auto insurance and claims into future growth.Analysis Article • Feb 04
We Think CCC (WSE:CCC) Can Stay On Top Of Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Narrative Update • Jan 26
CCC: Slower AI Adoption Will Restrain Future Upside Despite Depressed Share Price
Narrative Update on CCC Intelligent Solutions (CCC) The analyst price target for CCC has shifted to align more closely with recent Street views around maturing core growth, slower-than-expected AI adoption and already recognized casualty opportunities. The revised fair value has moved from about $139.68 to $92.00 as analysts factor in updated assumptions for growth, margins and future P/E.Analysis Article • Jan 22
Is Now The Time To Put CCC (WSE:CCC) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Jan 11
CCC: Data Moat And Sticky Clients Will Support Margin Expansion Outlook
Narrative Update on CCC Analysts have nudged their price target for CCC slightly higher to US$181.31 from US$181.28, reflecting continued confidence in its data moat, sticky client base, and inclusion among selected best ideas for 2026. Assumptions for growth, margins, and future P/E are being kept broadly unchanged.Narrative Update • Dec 24
CCC: Future Upside Seen As Modest Margin Pressure Fails To Derail Outlook
Analysts have modestly reduced their price target on CCC to approximately $181 from about $190 per share. This reflects slightly lower long term margin expectations that more than offset a small uptick in projected revenue growth and a marginally lower discount rate.Narrative Update • Dec 10
CCC: Future Returns Will Improve As Revenue Outpaces Compressed Profit Margins
Analysts have reduced their price target on CCC from approximately 221.75 dollars to 189.78 dollars, citing higher required returns and a more cautious view on future profitability, despite slightly stronger revenue growth expectations. Valuation Changes Fair Value: reduced significantly from 221.75 PLN to 189.78 PLN, reflecting a more conservative assessment of CCC's intrinsic worth.Analysis Article • Dec 05
Shareholders Shouldn’t Be Too Comfortable With CCC's (WSE:CCC) Strong Earnings
Even though CCC S.A. ( WSE:CCC ) posted strong earnings recently, the stock hasn't reacted in a large way. We looked...Narrative Update • Nov 26
CCC: Future Earnings Will Rise With Higher Profit Margins And Lower P/E Ratio
Analysts have modestly decreased their price target for CCC to $221.75, citing a minor adjustment to profit margin expectations and future price-to-earnings estimates. Valuation Changes Consensus Analyst Price Target remains unchanged at PLN 221.75.Analysis Article • Nov 26
CCC S.A. (WSE:CCC) Shares Could Be 26% Below Their Intrinsic Value Estimate
Key Insights CCC's estimated fair value is zł183 based on 2 Stage Free Cash Flow to Equity CCC is estimated to be 26...Analysis Article • Nov 12
CCC S.A.'s (WSE:CCC) Business Is Yet to Catch Up With Its Share Price
With a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...Narrative Update • Nov 10
CCC: Future Profit Margins Will Drive Stronger Earnings Performance
Analysts have lowered their price target for CCC from $226.75 to $221.75. They cite updated assessments of growth and profitability metrics as the reason for the adjustment.Analysis Article • Oct 28
At zł140, Is CCC S.A. (WSE:CCC) Worth Looking At Closely?
While CCC S.A. ( WSE:CCC ) might not have the largest market cap around , it received a lot of attention from a...Analysis Article • Oct 13
Here's Why We Think CCC (WSE:CCC) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Sep 17
Here's Why CCC (WSE:CCC) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Aug 10
CCC S.A. (WSE:CCC) Not Flying Under The Radar
WSE:CCC 1 Year Share Price vs Fair Value Explore CCC's Fair Values from the Community and select yours CCC S.A.'s...Analysis Article • Jul 28
At zł209, Is It Time To Put CCC S.A. (WSE:CCC) On Your Watch List?
CCC S.A. ( WSE:CCC ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the...Analysis Article • Jul 13
Here's Why We Think CCC (WSE:CCC) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jun 29
Estimating The Fair Value Of CCC S.A. (WSE:CCC)
Key Insights Using the 2 Stage Free Cash Flow to Equity, CCC fair value estimate is zł196 Current share price of zł203...Analysis Article • May 24
CCC (WSE:CCC) Has A Pretty Healthy Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • May 06
Investors Shouldn't Be Too Comfortable With CCC's (WSE:CCC) Earnings
Last week's profit announcement from CCC S.A. ( WSE:CCC ) was underwhelming for investors, despite headline numbers...Analysis Article • Apr 18
At zł229, Is CCC S.A. (WSE:CCC) Worth Looking At Closely?
CCC S.A. ( WSE:CCC ), is not the largest company out there, but it received a lot of attention from a substantial price...Analysis Article • Apr 03
CCC S.A.'s (WSE:CCC) 28% Share Price Surge Not Quite Adding Up
CCC S.A. ( WSE:CCC ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. The annual...Analysis Article • Mar 13
Calculating The Fair Value Of CCC S.A. (WSE:CCC)
Key Insights The projected fair value for CCC is zł197 based on 2 Stage Free Cash Flow to Equity CCC's zł184 share...Analysis Article • Jan 24
We Think CCC (WSE:CCC) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Dec 23
HalfPrice Expansion And Reebok Licensing Strategy Will Boost Revenue And Profitability
Expansion in new markets and focus on omnichannel strategy, including a large retail space launch, could significantly boost revenue.Analysis Article • Dec 01
Earnings Beat: CCC S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Shareholders might have noticed that CCC S.A. ( WSE:CCC ) filed its third-quarter result this time last week. The early...Analysis Article • Nov 29
Investors Still Waiting For A Pull Back In CCC S.A. (WSE:CCC)
When close to half the companies in the Specialty Retail industry in Poland have price-to-sales ratios (or "P/S") below...Analysis Article • Nov 09
Estimating The Intrinsic Value Of CCC S.A. (WSE:CCC)
Key Insights The projected fair value for CCC is zł165 based on 2 Stage Free Cash Flow to Equity CCC's zł181 share...Analysis Article • Sep 05
Here's Why CCC (WSE:CCC) Has A Meaningful Debt Burden
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 18
Potential Upside For CCC S.A. (WSE:CCC) Not Without Risk
With a median price-to-sales (or "P/S") ratio of close to 0.8x in the Specialty Retail industry in Poland, you could be...Analysis Article • Jul 31
A Look At The Fair Value Of CCC S.A. (WSE:CCC)
Key Insights The projected fair value for CCC is zł141 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • Jun 19
There May Be Underlying Issues With The Quality Of CCC's (WSE:CCC) Earnings
Investors were disappointed with CCC S.A.'s ( WSE:CCC ) earnings, despite the strong profit numbers. We did some...Analysis Article • May 21
We Think CCC (WSE:CCC) Can Stay On Top Of Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 30 2026 | n/a | n/a | -zł82m |
| Jan 31 2026 | n/a | n/a | zł22m |
| Oct 31 2025 | n/a | n/a | zł730m |
| Jul 31 2025 | n/a | n/a | zł767m |
| Apr 30 2025 | n/a | n/a | zł961m |
| Jan 31 2025 | zł2m | zł1m | zł925m |
| Oct 31 2024 | n/a | n/a | zł533m |
| Jul 31 2024 | n/a | n/a | zł383m |
| Apr 30 2024 | n/a | n/a | zł143m |
| Jan 31 2024 | zł775k | n/a | -zł56m |
| Oct 31 2023 | n/a | n/a | -zł201m |
| Jul 31 2023 | n/a | n/a | -zł271m |
| Apr 30 2023 | n/a | n/a | -zł352m |
| Jan 31 2023 | zł9k | n/a | -zł375m |
| Oct 31 2022 | n/a | n/a | -zł415m |
| Jul 31 2022 | n/a | n/a | -zł344m |
| Apr 30 2022 | n/a | n/a | -zł266m |
| Jan 31 2022 | zł8k | n/a | -zł248m |
| Apr 30 2021 | n/a | n/a | -zł1b |
| Jan 31 2021 | n/a | n/a | -zł912m |
| Sep 30 2020 | n/a | n/a | -zł593m |
| Jun 30 2020 | n/a | n/a | -zł549m |
| Mar 31 2020 | n/a | n/a | -zł104m |
| Dec 31 2019 | zł832k | zł233k | zł96m |
Compensation vs Market: Dariusz's total compensation ($USD479.83K) is about average for companies of similar size in the Polish market ($USD434.38K).
Compensation vs Earnings: Dariusz's compensation has increased whilst the company is unprofitable.
CEO
Dariusz Milek
3.2yrs
Tenure
zł1,801,771
Compensation
Mr. Dariusz Milek has been President of Management Board and Chief Executive Officer of Modivo S.A. (formerly known as CCC S.A.) since May 11, 2023 and was its Chairman of the Supervisory Board at CCC S. A...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of the Management Board & CEO | 3.2yrs | zł1.80m | no data | |
| Vice-President of the Management Board for Finance | 2.9yrs | no data | no data | |
| Member of Management Board | 1.5yrs | no data | no data | |
| Chief Accountant | no data | no data | no data | |
| Investor Relations Manager | no data | no data | no data |
2.9yrs
Average Tenure
Experienced Management: MDV's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Supervisory Board Member | 3.1yrs | zł152.00k | no data | |
| Supervisory Board Chairman | 11.1yrs | zł240.00k | no data | |
| Member of the Supervisory Board | less than a year | no data | no data | |
| Member of the Supervisory Board | 1.5yrs | no data | 0.00037% PLN 31.4k | |
| Supervisory Board Member | 3.1yrs | zł144.00k | no data | |
| Member of the Supervisory Board | 1.5yrs | no data | no data |
2.3yrs
Average Tenure
Experienced Board: MDV's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 17:43 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/04/30 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Modivo S.A. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Beata Szparaga-Wasniewska | Biuro maklerskie mBanku |
| Ilya Ogorodnikov | BofA Global Research |
| Rafal Wiatr | Citigroup Inc |