Loading...

EC2

WSE:EC2
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EC2
WSE
PLN922K
Market Cap
  1. Home
  2. PL
  3. Software
Company description

EC2 S.A., a software company, provides commission based programmer services in Poland. The last earnings update was 98 days ago. More info.


Add to Portfolio Compare Print
EC2 Share Price and Events
7 Day Returns
-2.3%
WSE:EC2
1.8%
PL IT
1.5%
PL Market
1 Year Returns
-25.2%
WSE:EC2
18.8%
PL IT
-5%
PL Market
EC2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EC2 (EC2) -2.3% -7% -4.4% -25.2% -89.3% -
PL IT 1.8% 3.4% 14.9% 18.8% 35% 48.8%
PL Market 1.5% -5.9% -5.4% -5% 8.4% -9.9%
1 Year Return vs Industry and Market
  • EC2 underperformed the IT industry which returned 18.8% over the past year.
  • EC2 underperformed the Market in Poland which returned -5% over the past year.
Price Volatility
EC2
Industry
5yr Volatility vs Market

EC2 Value

 Is EC2 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EC2 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EC2.

WSE:EC2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:EC2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 19%) (0%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.033 * 7.14%)
10.23%

Discounted Cash Flow Calculation for WSE:EC2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EC2 is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:EC2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 10.23%)
2019 0.17 Est @ 73.77% 0.16
2020 0.26 Est @ 52.5% 0.21
2021 0.36 Est @ 37.6% 0.27
2022 0.46 Est @ 27.18% 0.31
2023 0.55 Est @ 19.88% 0.34
2024 0.63 Est @ 14.77% 0.35
2025 0.70 Est @ 11.19% 0.35
2026 0.76 Est @ 8.69% 0.35
2027 0.81 Est @ 6.94% 0.34
2028 0.86 Est @ 5.71% 0.32
Present value of next 10 years cash flows PLN3.00
WSE:EC2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN0.86 × (1 + 2.85%) ÷ (10.23% – 2.85%)
PLN11.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN11.96 ÷ (1 + 10.23%)10
PLN4.52
WSE:EC2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN3.00 + PLN4.52
PLN7.51
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN7.51 / 2.68
PLN2.8
WSE:EC2 Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN2.80
Current discount Discount to share price of PLN0.34
= -1 x (PLN0.34 - PLN2.80) / PLN2.80
87.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price EC2 is available for.
Intrinsic value
>50%
Share price is PLN0.34 vs Future cash flow value of PLN2.8
Current Discount Checks
For EC2 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EC2's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EC2's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EC2's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EC2's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:EC2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.05
WSE:EC2 Share Price ** WSE (2019-05-23) in PLN PLN0.34
Poland IT Industry PE Ratio Median Figure of 21 Publicly-Listed IT Companies 8.68x
Poland Market PE Ratio Median Figure of 463 Publicly-Listed Companies 10.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EC2.

WSE:EC2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:EC2 Share Price ÷ EPS (both in PLN)

= 0.34 ÷ 0.05

7.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EC2 is good value based on earnings compared to the PL IT industry average.
  • EC2 is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does EC2's expected growth come at a high price?
Raw Data
WSE:EC2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.8%per year
Europe IT Industry PEG Ratio Median Figure of 84 Publicly-Listed IT Companies 1.56x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EC2, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EC2's assets?
Raw Data
WSE:EC2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN0.30
WSE:EC2 Share Price * WSE (2019-05-23) in PLN PLN0.34
Poland IT Industry PB Ratio Median Figure of 30 Publicly-Listed IT Companies 1.19x
Poland Market PB Ratio Median Figure of 689 Publicly-Listed Companies 0.97x
WSE:EC2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:EC2 Share Price ÷ Book Value per Share (both in PLN)

= 0.34 ÷ 0.30

1.16x

* Primary Listing of EC2.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EC2 is good value based on assets compared to the PL IT industry average.
X
Value checks
We assess EC2's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. EC2 has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EC2 Future Performance

 How is EC2 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover EC2, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EC2 expected to grow at an attractive rate?
  • EC2's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
  • EC2's earnings growth is positive but not above the Poland market average.
  • Unable to compare EC2's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:EC2 Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:EC2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.8%
Poland IT Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Europe IT Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:EC2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:EC2 Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 2 0 0
2018-09-30 2 0 0
2018-06-30 2 0 0
2018-03-31 2 0 0
2017-12-31 1 0 0
2017-09-30 0 0 0
2017-06-30 0 -1 -1
2017-03-31 1 0 -1
2016-12-31 2 0 0
2016-09-30 3 1 1
2016-06-30 5 1 1
2016-03-31 6 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EC2's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if EC2 is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:EC2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from EC2 Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:EC2 Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.05
2018-09-30 0.07
2018-06-30 0.11
2018-03-31 0.01
2017-12-31 -0.07
2017-09-30 -0.18
2017-06-30 -0.27
2017-03-31 -0.30
2016-12-31 -0.15
2016-09-30 0.24
2016-06-30 0.33
2016-03-31 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if EC2 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess EC2's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EC2 has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EC2 Past Performance

  How has EC2 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EC2's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EC2's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • EC2 has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • EC2 has become profitable in the last year making it difficult to compare the PL IT industry average.
Earnings and Revenue History
EC2's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EC2 Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:EC2 Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2.08 0.12 1.31
2018-09-30 1.96 0.17 1.25
2018-06-30 1.90 0.28 1.13
2018-03-31 1.62 0.02 1.17
2017-12-31 1.32 -0.20 1.21
2017-09-30 0.22 -0.48 0.80
2017-06-30 0.22 -0.73 0.87
2017-03-31 0.75 -0.80 1.34
2016-12-31 2.43 -0.41 2.26
2016-09-30 2.51 0.64 0.86
2016-06-30 4.84 0.90 2.82
2016-03-31 5.75 1.51 3.17
2015-12-31 5.04 0.89 3.10
2015-09-30 7.54 0.40 5.91
2015-06-30 5.47 0.33 4.14
2015-03-31 4.94 0.00 3.92
2014-12-31 4.73 0.00 3.88
2013-12-31 4.36 0.26 3.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • EC2 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EC2 used its assets more efficiently than the PL IT industry average last year based on Return on Assets.
  • EC2's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EC2's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EC2 has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EC2 Health

 How is EC2's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EC2's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EC2 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EC2's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EC2's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • EC2 has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EC2 Company Filings, last reported 4 months ago.

WSE:EC2 Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.79 0.00 0.15
2018-09-30 0.83 0.00 0.06
2018-06-30 0.83 0.00 0.12
2018-03-31 0.82 0.00 0.06
2017-12-31 0.67 0.00 0.06
2017-09-30 0.67 0.01 0.17
2017-06-30 0.57 0.01 0.05
2017-03-31 0.83 0.01 0.04
2016-12-31 0.89 0.08 0.06
2016-09-30 1.31 0.04 0.16
2016-06-30 1.32 0.04 0.33
2016-03-31 2.28 0.04 1.03
2015-12-31 1.84 0.04 0.50
2015-09-30 1.05 0.14 0.01
2015-06-30 0.92 0.08 0.01
2015-03-31 0.62 0.08 0.07
2014-12-31 0.94 0.08 0.01
2013-12-31 0.95 0.25 0.12
  • EC2 has no debt.
  • EC2 has no debt compared to 5 years ago when it was 26%.
  • EC2 has no debt, it does not need to be covered by operating cash flow.
  • EC2 has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess EC2's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EC2 has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EC2 Dividends

 What is EC2's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from EC2 dividends.
If you bought PLN2,000 of EC2 shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate EC2's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EC2's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:EC2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Poland IT Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 200 Stocks 4.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:EC2 Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.000 0.000
2018-11-14 0.000 0.000
2016-08-16 0.210 38.268
2016-05-16 0.210 12.616

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as EC2 has not reported any payouts.
  • Unable to verify if EC2's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EC2's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EC2 has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EC2's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EC2 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EC2 has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EC2 Management

 What is the CEO of EC2's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jakub Budziszewski
CEO Bio

Mr Jakub Budziszewski is the President of the Management Board at EC2 S.A.

CEO Compensation
  • Insufficient data for Jakub to compare compensation growth.
  • Insufficient data for Jakub to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Jakub Budziszewski

TITLE
President of Management Board

Krzysztof Pyrdol

TITLE
Vice President of Board

Andrzej Ptasznik

TITLE
Secretary of the Supervisory Board
Board of Directors

Ewa Budziszewska

TITLE
Chairman of the Supervisory Board

Miroslaw Januszewski

TITLE
Member of the Supervisory Board

Monika Januszewska

TITLE
Member of the Supervisory Board

Rafal Rymuza

TITLE
Member of the Supervisory Board

Sebastian Siekierski

TITLE
Member of the Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess EC2's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EC2 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EC2 News

Simply Wall St News

Are EC2 S.A.’s (WSE:EC2) High Returns Really That Great?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Imagine Owning EC2 While The Price Tanked 68%

(WSE:EC2) shareholders know that all too well, since the share price is down considerably over three years. … Unfortunately, they have held through a 68% decline in the share price in that time. … But since the share price has dived -31% per year, over 3 years, it looks like some investors think it's time to abandon ship, so to speak.

Simply Wall St -

Boasting A 21% Return On Equity, Is EC2 S.A. (WSE:EC2) A Top Quality Stock?

Our data shows EC2 has a return on equity of 21% for the last year. … That means that for every PLN1 worth of shareholders' equity, it generated PLN0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

A Close Look At EC2 S.A.’s (WSE:EC2) 17% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Financially Strong Is EC2 SA (WSE:EC2)?

EC2 SA (WSE:EC2), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is EC2 will have to follow strict debt obligations which will reduce its financial flexibility. … Is EC2 right in choosing financial flexibility over lower cost of capital.

Simply Wall St -

Can EC2 SA's (WSE:EC2) ROE Continue To Surpass The Industry Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.34 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should EC2 SA's (WSE:EC2) Recent Earnings Worry You?

After reading EC2 SA's (WSE:EC2) latest earnings update (30 June 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … Did EC2's recent earnings growth beat the long-term trend and the industry … EC2's trailing twelve-month earnings (from 30 June 2018) of zł284.55k has

Simply Wall St -

Should You Be Tempted To Sell EC2 SA (WSE:EC2) Because Of Its PE Ratio?

and want to begin learning the link between EC2 SA (WSE:EC2)’s fundamentals and stock market performance. … EC2 SA (WSE:EC2) is currently trading at a trailing P/E of 73.6x, which is higher than the industry average of 9.5x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

How Much Cash Is Left In The Bank For EC2 SA. (WSE:EC2)?

The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … The cash burn analysis result indicates a cash constraint for the company, due to its current level of cash reserves.

Simply Wall St -

Did EC2 SA.'s (WSE:EC2) Earnings Growth Outperform The Industry?

I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … WSE:EC2 Income Statement Mar 9th 18 We can further assess EC2's loss by looking at what the industry has been experiencing over the past few years. … This may not be consistent with full year annual report figures.

Simply Wall St -

EC2 Company Info

Description

EC2 S.A., a software company, provides commission based programmer services in Poland. Its activities include development of c # Web applications, mobile applications, and multifunctional systems; provision of integration and consulting services; and the audit and optimization of IT systems. The company was founded in 2006 and is headquartered in Warsaw, Poland.

Details
Name: EC2 S.A.
EC2
Exchange: WSE
Founded: 2006
PLN921,920
2,680,000
Website: http://www.ec2.pl
Address: EC2 S.A.
ul. Elektoralna 13/103,
Warsaw,
00-137,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE EC2 Common Bearer Shares Warsaw Stock Exchange PL PLN 07. Jul 2015
Number of employees
Current staff
Staff numbers
0
EC2 employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:21
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.