MODE
MODE S.A. manufactures and sells photo composers in Poland and internationally. The last earnings update was 63 days ago. More info.
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- MODE has significant price volatility in the past 3 months.
MOE Share Price and Events
7 Day Returns
1 Year Returns
MOE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| MODE (MOE) | -0.7% | 32.4% | 17.6% | -20.5% | -42.4% | -47.5% |
| PL Electronic | 1.3% | 0.2% | 4.5% | -2.8% | -35.6% | -47.1% |
| PL Market | -0.2% | -0.1% | 1.3% | -2.2% | 12.4% | -3.8% |
1 Year Return vs Industry and Market
- MOE underperformed the Electronic industry which returned -2.8% over the past year.
- MOE underperformed the Market in Poland which returned -2.2% over the past year.
Value
Is MODE 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.
- It is not possible to calculate the future cash flow value for MODE. This is due to cash flow or dividend data being unavailable. The share price is PLN0.294.
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 MODE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
MODE's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in PLN | PLN-0.03 |
| WSE:MOE Share Price ** | WSE (2019-04-17) in PLN | PLN0.29 |
| Poland Electronic Industry PE Ratio | Median Figure of 10 Publicly-Listed Electronic Companies | 10.24x |
| Poland Market PE Ratio | Median Figure of 458 Publicly-Listed Companies | 11.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of MODE.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:MOE Share Price ÷ EPS (both in PLN) = 0.29 ÷ -0.03 |
-9.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MODE is loss making, we can't compare its value to the PL Electronic industry average.
- MODE is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does
MODE's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -9.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Europe Electronic Industry PEG Ratio | Median Figure of 73 Publicly-Listed Electronic Companies | 1.62x |
| Poland Market PEG Ratio | Median Figure of 114 Publicly-Listed Companies | 1.17x |
*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 MODE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
MODE's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in PLN | PLN0.19 |
| WSE:MOE Share Price * | WSE (2019-04-17) in PLN | PLN0.29 |
| Poland Electronic Industry PB Ratio | Median Figure of 18 Publicly-Listed Electronic Companies | 1.34x |
| Poland Market PB Ratio | Median Figure of 687 Publicly-Listed Companies | 1.01x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:MOE Share Price ÷ Book Value per Share (both in PLN) = 0.29 ÷ 0.19 |
1.56x |
* Primary Listing of MODE.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MODE is overvalued based on assets compared to the PL Electronic industry average.
Value checks
We assess MODE's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) MODE has a total score of 0/6, 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.
Future Performance
How is MODE expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 MODE 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
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!
Earnings growth vs Low Risk Savings
- Unable to compare MODE's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare MODE's earnings growth to the Poland market average as no estimate data is available.
- Unable to compare MODE's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| Poland Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 5.7% |
| Poland Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 16.4% |
| Poland Market Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| Poland Market Revenue Growth Rate | Market Cap Weighted Average | 6.5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3 | 0 | 0 |
| 2018-09-30 | 2 | 0 | 0 |
| 2018-06-30 | 3 | 0 | 0 |
| 2018-03-31 | 3 | 0 | 0 |
| 2017-12-31 | 3 | 0 | 0 |
| 2017-09-30 | 3 | 0 | 0 |
| 2017-06-30 | 3 | 0 | 0 |
| 2017-03-31 | 3 | 0 | 0 |
| 2016-12-31 | 3 | 0 | 0 |
| 2016-09-30 | 3 | 0 | 0 |
| 2016-06-30 | 3 | 0 | 0 |
| 2016-03-31 | 4 | 0 | 0 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from MODE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.03 |
| 2018-09-30 | -0.04 |
| 2018-06-30 | -0.01 |
| 2018-03-31 | 0.00 |
| 2017-12-31 | -0.01 |
| 2017-09-30 | -0.03 |
| 2017-06-30 | -0.04 |
| 2017-03-31 | -0.03 |
| 2016-12-31 | -0.04 |
| 2016-09-30 | 0.00 |
| 2016-06-30 | 0.03 |
| 2016-03-31 | 0.08 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess MODE's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
MODE 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.
Past Performance
How has MODE 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
Past Earnings growth analysis
- MODE does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare MODE's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare MODE's 1-year growth to the PL Electronic industry average as it is not currently profitable.
Earnings and Revenue History
All data from MODE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2.52 | -0.18 | 2.52 | |
| 2018-09-30 | 2.44 | -0.26 | 2.58 | |
| 2018-06-30 | 2.67 | -0.04 | 2.31 | |
| 2018-03-31 | 2.63 | -0.02 | 1.91 | |
| 2017-12-31 | 2.63 | -0.08 | 1.64 | |
| 2017-09-30 | 2.57 | -0.19 | 1.50 | |
| 2017-06-30 | 2.63 | -0.25 | 1.54 | |
| 2017-03-31 | 2.84 | -0.17 | 1.60 | |
| 2016-12-31 | 2.84 | -0.26 | 1.67 | |
| 2016-09-30 | 3.39 | 0.02 | 1.68 | |
| 2016-06-30 | 3.38 | 0.15 | 1.70 | |
| 2016-03-31 | 3.67 | 0.45 | 1.76 | |
| 2015-12-31 | 3.40 | 0.40 | 1.87 | |
| 2015-09-30 | 2.92 | 0.42 | 2.10 | |
| 2015-06-30 | 3.28 | 0.45 | 2.36 | |
| 2015-03-31 | 3.08 | 0.15 | 2.45 | |
| 2014-12-31 | 3.30 | 0.36 | 2.31 | |
| 2014-09-30 | 3.65 | 0.32 | 2.00 | |
| 2014-06-30 | 3.27 | 0.37 | 1.57 | |
| 2014-03-31 | 3.01 | 0.34 | 1.28 | |
| 2013-12-31 | 2.86 | 0.39 | 1.08 | |
| 2013-09-30 | 2.28 | 0.28 | 1.54 | |
| 2013-06-30 | 2.10 | 0.25 | 1.26 | |
| 2013-03-31 | 1.83 | 0.19 | 0.99 | |
| 2013-01-01 | 1.57 | 0.06 | 0.80 | |
| 2012-09-30 | 1.31 | 0.10 | 0.15 | |
| 2012-06-30 | 1.00 | -0.07 | 0.59 |
*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.
- It is difficult to establish if MODE has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if MODE has efficiently used its assets last year compared to the PL Electronic industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if MODE improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess MODE's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
MODE has a total score of 0/6, 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.
Health
How is MODE'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 MODE's finances.
The net worth of a company is the difference between its assets and liabilities.
- MODE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- MODE's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- MODE 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.
All data from MODE Company Filings, last reported 3 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1.12 | 0.00 | 0.31 |
| 2018-09-30 | 1.07 | 0.00 | 0.19 |
| 2018-06-30 | 1.38 | 0.00 | 0.45 |
| 2018-03-31 | 1.51 | 0.00 | 0.35 |
| 2017-12-31 | 1.30 | 0.00 | 0.47 |
| 2017-09-30 | 1.33 | 0.00 | 0.42 |
| 2017-06-30 | 1.41 | 0.00 | 0.33 |
| 2017-03-31 | 1.50 | 0.00 | 0.35 |
| 2016-12-31 | 1.38 | 0.00 | 0.15 |
| 2016-09-30 | 1.52 | 0.01 | 0.05 |
| 2016-06-30 | 1.66 | 0.01 | 0.23 |
| 2016-03-31 | 1.63 | 0.02 | 0.20 |
| 2015-12-31 | 1.63 | 0.02 | 0.15 |
| 2015-09-30 | 1.49 | 0.00 | 0.08 |
| 2015-06-30 | 1.51 | 0.00 | 0.07 |
| 2015-03-31 | 1.18 | 0.00 | 0.39 |
| 2014-12-31 | 1.24 | 0.04 | 0.35 |
| 2014-09-30 | 1.08 | 0.00 | 0.29 |
| 2014-06-30 | 1.06 | 0.04 | 0.29 |
| 2014-03-31 | 1.03 | 0.04 | 0.41 |
| 2013-12-31 | 0.88 | 0.05 | 0.59 |
| 2013-09-30 | |||
| 2013-06-30 | |||
| 2013-03-31 | |||
| 2013-01-01 | 0.54 | 0.06 | 0.09 |
| 2012-09-30 | |||
| 2012-06-30 |
- MODE has no debt.
- MODE has no debt compared to 5 years ago when it was 5.8%.
- MODE has no debt, it does not need to be covered by operating cash flow.
- MODE has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess MODE's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) MODE has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is MODE'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
If you bought
PLN2,000 of
MODE
shares you are expected to receive
PLN0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate MODE's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate MODE'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.
| 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 Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 8.6% |
| Poland Market Average Dividend Yield | Market Cap Weighted Average of 207 Stocks | 3.3% |
| Poland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Poland Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Poland Top 25% Dividend Yield | 75th Percentile | 7.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as MODE has not reported any payouts.
- Unable to verify if MODE's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess MODE's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can MODE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) MODE 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.
Management
CEO
CEO Bio
Mr. Mikolaj Bator serves as the President of the Management Board at MODE Spólka Akcyjna.
CEO Compensation
- Insufficient data for Mikolaj to compare compensation growth.
- Insufficient data for Mikolaj to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team
Mikolaj Bator
President of the Management Board
Rafal Stepiuk
Vice-President of the Management Board
Board of Directors
Rafal Dubel
President of the Supervisory Board
2.9 yrs
Konrad Szwedzinski
Vice- President of the Supervisory Board
45
Leszek Tadeusz Mazur
Member of the Supervisory Board
Grzegorz Falenczyk
Member of the Supervisory Board
Rafal Kunicki
Member of the Supervisory Board
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess MODE's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) MODE 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.
News
Simply Wall St News
Is MODE SA (WSE:MOE) A Financially Sound Company?
However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does MOE's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.
Simply Wall St - – Full articleWhy MODE SA.'s (WSE:MOE) Ownership Structure Is Important
I am going to take a deep dive into MODE SA.’s (WSE:MOE) most recent ownership structure, not a frequent subject of discussion among individual investors. … Private Company Ownership Potential investors in MOE should also look at another important group of investors: private companies, with a stake of 37.71%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.
Simply Wall St - – Full articleDoes MODE SA.'s (WSE:MOE) Latest Financial Perfomance Look Strong?
(WSE:MOE) released its most recent earnings update (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were MODE's average earnings over the past couple of years, and its industry performance. … Viewing growth from a sector-level, the PL electronic industry has been growing its average earnings by double-digit 27.63% over the past twelve months, and a more subdued 5.24% over the past five years.
Simply Wall St - – Full articleCompany Info
Description
MODE S.A. manufactures and sells photo composers in Poland and internationally. It offers MODE360° photo composers; MODE360° Jumbo, a universal photo studio for product imagery and 360 degree animations; MODE 360° Twister, a professional tool that creates 360 degree images for use by the advertising, photographic, and e-commerce industries, as well as manufacturers; and MODE360° Twister MINI, which features integrated LED lighting for 360 degree animation and still shots of objects. The company also provides MODE STYLE, a light table to photograph apparel, paintings, and other flat objects. It serves manufacturers and sellers of jewelry and watches, online stores and auctions owners, collectors, hi-tech spare parts manufacturers, photographers, and others. MODE S.A. is based in Pruszcz Gdanski, Poland.
Details
| Name: | MODE S.A. |
| MOE | |
| Exchange: | WSE |
| Founded: | |
| PLN1,738,486 | |
| 5,913,218 | |
| Website: | http://www.mode360.eu |
| Address: |
MODE S.A. Lesna 8 Street, Straszyn, Pruszcz Gdanski, 83-010, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | MOE | Common Bearer Shares | Warsaw Stock Exchange | PL | PLN | 16. Mar 2012 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/17 22:40 |
| End of day share price update: | 2019/04/17 00:00 |
| Last earnings filing: | 2019/02/13 |
| 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.
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