Executive Summary
Talex S.A. provides IT services in the field of system integration, hardware implementations, and IT projects development. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has Talex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TLX is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TLX's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.4%
TLX
-0.2%
PL IT
-0.8%
PL Market
1 Year Return
-5.1%
TLX
27.0%
PL IT
0.4%
PL Market
Return vs Industry: TLX underperformed the Polish IT industry which returned 27% over the past year.
Return vs Market: TLX underperformed the Polish Market which returned 0.4% over the past year.
Shareholder returns
| TLX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | -0.2% | -0.8% |
| 30 Day | 5.7% | 1.7% | 2.5% |
| 90 Day | 7.5% | -1.5% | 16.0% |
| 1 Year | -0.4%-5.1% | 28.7%27.0% | 1.3%0.4% |
| 3 Year | -26.3%-40.1% | 59.6%52.0% | -13.4%-18.7% |
| 5 Year | -18.5%-40.4% | 131.3%113.3% | 21.3%7.5% |
Long-Term Price Volatility Vs. Market
How volatile is Talex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Talex S.A. (WSE:TLX) The Right Choice For A Smart Dividend Investor?1 month ago | Simply Wall St
How Has Talex (WSE:TLX) Allocated Its Capital?3 months ago | Simply Wall St
A Look At The Fair Value Of Talex S.A. (WSE:TLX)Valuation
Is Talex 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: TLX (PLN12.15) is trading below our estimate of fair value (PLN62.81)
Significantly Below Fair Value: TLX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TLX is poor value based on its PE Ratio (16.3x) compared to the PL IT industry average (13.6x).
PE vs Market: TLX is poor value based on its PE Ratio (16.3x) compared to the Polish market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TLX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TLX is good value based on its PB Ratio (0.7x) compared to the PL IT industry average (2.3x).
Next Steps
Future Growth
How is Talex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
31.1%
Forecasted Software 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 Talex 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
- Examine whether Talex is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Talex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Talex performed over the past 5 years?
-12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TLX has a large one-off gain of PLN1.8M impacting its September 30 2020 financial results.
Growing Profit Margin: TLX's current net profit margins (2.4%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: TLX's earnings have declined by 12.7% per year over the past 5 years.
Accelerating Growth: TLX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TLX had negative earnings growth (-46.8%) over the past year, making it difficult to compare to the IT industry average (34%).
Return on Equity
High ROE: TLX's Return on Equity (4.3%) is considered low.
Next Steps
Financial Health
How is Talex's financial position?
Financial Position Analysis
Short Term Liabilities: TLX's short term assets (PLN25.9M) do not cover its short term liabilities (PLN26.2M).
Long Term Liabilities: TLX's short term assets (PLN25.9M) exceed its long term liabilities (PLN8.7M).
Debt to Equity History and Analysis
Debt Level: TLX is debt free.
Reducing Debt: TLX has no debt compared to 5 years ago when its debt to equity ratio was 29.4%.
Debt Coverage: TLX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TLX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Talex current dividend yield, its reliability and sustainability?
4.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TLX's dividend (4.94%) is higher than the bottom 25% of dividend payers in the Polish market (1.57%).
High Dividend: TLX's dividend (4.94%) is low compared to the top 25% of dividend payers in the Polish market (5.09%).
Stability and Growth of Payments
Stable Dividend: TLX's dividend payments have been volatile in the past 10 years.
Growing Dividend: TLX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.5%), TLX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
23.0yrs
Average management tenure
CEO
Janusz Gocalek
23yrs
Tenure
zł432,000
Compensation
Mr. Janusz Gocalek has been the President and Member of the Management Board at Talex Spolka Akcyjna since 1998. In the years 1979 to 1990, Mr. Gocalek worked in the Institute of Building Technologies an...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of the Management Board | 23yrs | zł432.00k | 25.29% PLN 9.2m | |
| Vice President of the Management Board | 23yrs | zł432.00k | 25.29% PLN 9.2m | |
| Vice President of the Management Board | 23yrs | zł432.00k | 25.29% PLN 9.2m | |
| Member of the Management Board | 14yrs | zł484.00k | 0.030% PLN 10.8k | |
| Director of the Department of Financial Sector Support & Member of the Management Board | 10.83yrs | zł485.00k | no data | |
| Chief Accountant | no data | no data | no data |
23.0yrs
Average Tenure
Experienced Management: TLX's management team is seasoned and experienced (23 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman of the Supervisory Board | 8.83yrs | zł30.00k | no data | |
| Member of the Supervisory Board | 8.83yrs | zł24.00k | 0.10% PLN 36.9k | |
| Independent Member of the Supervisory Board | 7.58yrs | zł24.00k | no data | |
| Independent Member of the Supervisory Board | 2.67yrs | zł24.00k | no data | |
| Independent Member of the Supervisory Board | 2.67yrs | zł24.00k | no data |
7.6yrs
Average Tenure
Experienced Board: TLX's board of directors are considered experienced (7.6 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Talex S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Talex S.A.
- Ticker: TLX
- Exchange: WSE
- Founded: NaN
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: zł36.451m
- Shares outstanding: 3.00m
- Website: https://www.talex.pl
Number of Employees
Location
- Talex S.A.
- ul Karpia 27D
- Poznan
- 61-619
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TLX | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Dec 2000 |
| 0ODY | LSE (London Stock Exchange) | Yes | Common Bearer Shares | GB | PLN | Dec 2000 |
Biography
Talex S.A. provides IT services in the field of system integration, hardware implementations, and IT projects development. The company primarily focuses on integration of ICT systems, IT outsourcing, and s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 18:10 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.