WSE:OEX

Stock Analysis Report

Executive Summary

OEX S.A., together with its subsidiaries, engages in the retail sale network management, sale support, and e-business activities in Poland, Europe, Asia, Africa, and North America.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.

Risks

  • OEX is not covered by any analysts.

Share Price & News

How has OEX's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.2%

WSE:OEX

-1.7%

PL Electronic

0.6%

PL Market


1 Year Return

-5.4%

WSE:OEX

-12.1%

PL Electronic

-8.7%

PL Market

OEX outperformed the Electronic industry which returned -12.1% over the past year.

OEX outperformed the Market in Poland which returned -8.7% over the past year.


Share holder returns

OEXIndustryMarket
7 Day-2.2%-1.7%0.6%
30 Day-3.3%-3.0%-8.6%
90 Day-8.9%-2.0%-3.7%
1 Year-5.4%-5.4%-9.2%-12.1%-5.8%-8.7%
3 Year9.9%9.9%-25.6%-32.7%8.8%0.8%
5 Year107.0%72.3%-36.0%-47.4%-2.1%-14.6%

Price Volatility Vs. Market

How volatile is OEX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

OEX's share price is below the future cash flow value, and at a moderate discount (> 20%).

OEX's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

OEX is good value based on earnings compared to the PL Electronic industry average.

OEX is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for OEX, we can't assess if its growth is good value.


Price Based on Value of Assets

OEX is good value based on assets compared to the PL Electronic industry average.


Next Steps

Future Growth

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

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if OEX is high growth as no revenue estimate data is available.

OEX's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare OEX's revenue growth to the Poland market average as no estimate data is available.

OEX's earnings growth is positive but not above the Poland market average.

OEX's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if OEX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has OEX performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

OEX's year on year earnings growth rate has been positive over the past 5 years.

OEX's 1-year earnings growth is negative, it can't be compared to the 5-year average.

OEX's 1-year earnings growth is negative, it can't be compared to the PL Electronic industry average.


Return on Equity

OEX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

OEX used its assets less efficiently than the PL Electronic industry average last year based on Return on Assets.


Return on Capital Employed

OEX's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is OEX's financial position?


Financial Position Analysis

OEX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

OEX's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

OEX's level of debt (61.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (12.6% vs 61.7% today).

Debt is well covered by operating cash flow (32.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate OEX's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate OEX's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as OEX has not reported any payouts.

Unable to verify if OEX's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as OEX 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.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Jerzy Motz 0

3.3yrs

Tenure

zł600,000

Compensation

Mr. Jerzy Motz served as Chairman of the Supervisory Board of Tell Spolka Akcyjna and serves as its Member of The Supervisory Board. Mr. Motz serves as the President of the Management Board at OEX S.A. and ...


CEO Compensation Analysis

Jerzy's remuneration is higher than average for companies of similar size in Poland.

Jerzy's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.3yrs

Average Tenure

The tenure for the OEX management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

The tenure for the OEX board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rafal Stempniewicz

    Member of Management Board

    • Tenure: 3.3yrs
    • Compensation: zł657.00k
  • Robert Krasowski

    Member of the Management Board

    • Tenure: 0.0yrs
    • Compensation: zł343.00k
  • Artur Wojtaszek

    Member of the Management Board

    • Tenure: 4.2yrs
    • Compensation: zł364.00k
  • Tomasz Slowinski

    Member of the Management Board

    • Tenure: 0.0yrs
    • Compensation: zł24.00k
  • Jerzy Motz

    President of the Management Board

    • Tenure: 3.3yrs
    • Compensation: zł600.00k
  • Artur Kucner

    Vice Sales & Marketing Director and Regional Director

    • Tenure: 0.0yrs
  • Jolanta Stachowiak

    Chief Accounting Officer

    • Tenure: 0.0yrs

Board Members

  • Tomasz Kwiecien

    Secretary of the Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: zł67.00k
  • Piotr Cholewa

    Member of the Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: zł24.00k
  • Tomek Mazurczak (51yo)

    Member of the Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: zł24.00k
  • Piotr Beaupre

    Chairman of the Supervisory Board

    • Tenure: 0.0yrs
  • Michal Szramowski

    Member of the Supervisory Board

    • Tenure: 3.3yrs

Company Information

OEX S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OEX S.A.
  • Ticker: OEX
  • Exchange: WSE
  • Founded:
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: zł139.026m
  • Shares outstanding: 7.99m
  • Website: https://oex.pl

Number of Employees


Location

  • OEX S.A.
  • ul. Klimczaka 1
  • Warsaw
  • 02-797
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OEXWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 2005

Biography

OEX S.A., together with its subsidiaries, engages in the retail sale network management, sale support, and e-business activities in Poland, Europe, Asia, Africa, and North America. The Retail Sale Network  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:52
End of Day Share Price2019/08/22 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.