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ETL

Eurotel WSE:ETL Stock Report

Last Price

zł53.00

Market Cap

zł198.7m

7D

4.7%

1Y

35.9%

Updated

23 Sep, 2022

Data

Company Financials +
ETL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

ETL Stock Overview

Eurotel S.A. operates a chain of retail stores of telecommunications operators and consumer electronics manufacturers in Poland.

Eurotel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eurotel
Historical stock prices
Current Share Pricezł53.00
52 Week Highzł53.60
52 Week Lowzł32.30
Beta0.58
1 Month Change37.31%
3 Month Change38.38%
1 Year Change35.90%
3 Year Change165.00%
5 Year Change161.34%
Change since IPO226.15%

Recent News & Updates

May 26
I Built A List Of Growing Companies And Eurotel (WSE:ETL) Made The Cut

I Built A List Of Growing Companies And Eurotel (WSE:ETL) Made The Cut

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Mar 04
Here's What Eurotel's (WSE:ETL) Strong Returns On Capital Mean

Here's What Eurotel's (WSE:ETL) Strong Returns On Capital Mean

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

ETLPL ElectronicPL Market
7D4.7%-2.3%-2.4%
1Y35.9%-29.1%-32.1%

Return vs Industry: ETL exceeded the Polish Electronic industry which returned -29% over the past year.

Return vs Market: ETL exceeded the Polish Market which returned -30.5% over the past year.

Price Volatility

Is ETL's price volatile compared to industry and market?
ETL volatility
ETL Average Weekly Movement4.6%
Electronic Industry Average Movement4.4%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.7%
10% least volatile stocks in PL Market3.9%

Stable Share Price: ETL is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 5% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1996223Krzysztof Stepokurahttps://www.eurotel.pl

Eurotel S.A. operates a chain of retail stores of telecommunications operators and consumer electronics manufacturers in Poland. The company is involved in the retail sale of Apple, T-Mobile, NC+, and Play brand products. It operates through a network of 11 Apple Premium Reseller sales outlets under the iDream brand name and 5 hardware repair centers; 106 mobile phone showrooms of T-Mobile operator; 37 sales outlets of NC + satellite antenna operator; and 94 sales outlets of mobile phone showrooms of Play operator.

Eurotel Fundamentals Summary

How do Eurotel's earnings and revenue compare to its market cap?
ETL fundamental statistics
Market Capzł198.66m
Earnings (TTM)zł39.22m
Revenue (TTM)zł564.26m

5.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ETL income statement (TTM)
Revenuezł564.26m
Cost of Revenuezł464.66m
Gross Profitzł99.61m
Other Expenseszł60.39m
Earningszł39.22m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 15, 2022

Earnings per share (EPS)10.46
Gross Margin17.65%
Net Profit Margin6.95%
Debt/Equity Ratio0%

How did ETL perform over the long term?

See historical performance and comparison

Dividends

9.4%

Current Dividend Yield

48%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ETL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ETL?

Other financial metrics that can be useful for relative valuation.

ETL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA4.2x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does ETL's PE Ratio compare to its peers?

ETL PE Ratio vs Peers
The above table shows the PE ratio for ETL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.9x
OEX OEX
2.3xn/azł211.4m
ACT Action
3xn/azł276.5m
4.2x-4.4%zł630.4m
ASB ASBISc Enterprises
2.2xn/azł795.0m
ETL Eurotel
5.1x-17.8%zł198.7m

Price-To-Earnings vs Peers: ETL is expensive based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (2.9x).


Price to Earnings Ratio vs Industry

How does ETL's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Earnings vs Industry: ETL is good value based on its Price-To-Earnings Ratio (5.1x) compared to the European Electronic industry average (19.9x)


Price to Earnings Ratio vs Fair Ratio

What is ETL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ETL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ETL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ETL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ETL (PLN53) is trading below our estimate of fair value (PLN109.07)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETL's earnings are forecast to decline over the next 3 years (-17.8% per year).

Earnings vs Market: ETL's earnings are forecast to decline over the next 3 years (-17.8% per year).

High Growth Earnings: ETL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ETL's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: ETL's revenue is forecast to decline over the next 3 years (-0.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ETL's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Eurotel performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ETL has high quality earnings.

Growing Profit Margin: ETL's current net profit margins (6.9%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: ETL's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: ETL's earnings growth over the past year (113.6%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: ETL earnings growth over the past year (113.6%) exceeded the Electronic industry 14.4%.


Return on Equity

High ROE: ETL's Return on Equity (45.3%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Eurotel's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ETL's short term assets (PLN140.0M) exceed its short term liabilities (PLN90.6M).

Long Term Liabilities: ETL's short term assets (PLN140.0M) exceed its long term liabilities (PLN24.8M).


Debt to Equity History and Analysis

Debt Level: ETL is debt free.

Reducing Debt: ETL has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.

Debt Coverage: ETL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ETL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ETL's dividend (9.43%) is higher than the bottom 25% of dividend payers in the Polish market (2.83%).

High Dividend: ETL's dividend (9.43%) is in the top 25% of dividend payers in the Polish market (8.82%)


Stability and Growth of Payments

Stable Dividend: ETL's dividend payments have been volatile in the past 10 years.

Growing Dividend: ETL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.8%), ETL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.7%), ETL's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.2yrs

Average board tenure


CEO

Krzysztof Stepokura (60 yo)

16.25yrs

Tenure

zł434,657

Compensation

Mr. Krzysztof Stepokura served as Chief Executive Officer of Eurotel Spólka Akcyjna since May 30, 2007. Mr. Stepokura gained his professional experience as the owner of Martel company, which has been an au...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Krzysztof's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Krzysztof's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: ETL's board of directors are seasoned and experienced ( 12.2 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

Top 10 shareholders own 70.38% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.18%
Krzysztof Stepokura
1,131,182PLN60.0m0%no data
18.87%
Jacek Foltarz
707,399PLN37.5m0%no data
9.55%
Boguslaw Marczuk
357,864PLN19.0m0%no data
5.57%
PKO Towarzystwo Funduszy Inwestycyjnych SA
208,674PLN11.1m0%0.13%
3.07%
Tomasz Basinski
115,000PLN6.1m-0.26%no data
1.92%
Marek Parnowski
72,000PLN3.8m0%no data
0.89%
BNPP Asset Management Holding
33,226PLN1.8m-47.67%no data
0.21%
Towarzystwo Funduszy Inwestycyjnych BGZ BNP Paribas S.A.
7,730PLN409.7k-28.08%0.29%
0.11%
Eques Investment Towarzystwo Funduszy Inwestycyjnych S.A.
4,176PLN221.3k0%2.59%
0.023%
Franklin Resources, Inc.
848PLN44.9k0%no data

Company Information

Eurotel S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Eurotel S.A.
  • Ticker: ETL
  • Exchange: WSE
  • Founded: 1996
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: zł198.658m
  • Shares outstanding: 3.75m
  • Website: https://www.eurotel.pl

Number of Employees


Location

  • Eurotel S.A.
  • ul. Mysliwska 21
  • Gdansk
  • 80-126
  • Poland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETLWSE (Warsaw Stock Exchange)YesCommon StockPLPLNJan 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.