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S4E

WSE:S4E
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S4E
WSE
PLN13M
Market Cap
  1. Home
  2. PL
  3. Tech
Company description

S4E S.A. distributes IT value-added solutions in the areas storage, networking, and security to corporations and small businesses in Poland. The last earnings update was 158 days ago. More info.


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  • S4E has significant price volatility in the past 3 months.
S4E Share Price and Events
7 Day Returns
8.9%
WSE:S4E
-0.7%
PL Electronic
-0.1%
PL Market
1 Year Returns
-18.3%
WSE:S4E
-5.4%
PL Electronic
-2.4%
PL Market
S4E Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
S4E (S4E) 8.9% 14.8% - -18.3% -33.2% -26.5%
PL Electronic -0.7% -0.6% 0.6% -5.4% -36.7% -46.2%
PL Market -0.1% -0.8% 0.4% -2.4% 11.9% -3.4%
1 Year Return vs Industry and Market
  • S4E underperformed the Electronic industry which returned -5.4% over the past year.
  • S4E underperformed the Market in Poland which returned -2.4% over the past year.
Price Volatility
S4E
Industry
5yr Volatility vs Market
Related Companies

S4E Value

 Is S4E 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 S4E 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 S4E.

WSE:S4E 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 14.7%
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:S4E
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 19%) (105.28%))
1.655
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.66
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.655 * 7.14%)
14.67%

Discounted Cash Flow Calculation for WSE:S4E using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for S4E 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:S4E DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 14.67%)
2019 18.77 Est @ 96.14% 16.37
2020 31.56 Est @ 68.15% 24.00
2021 46.89 Est @ 48.56% 31.10
2022 63.23 Est @ 34.85% 36.57
2023 79.19 Est @ 25.25% 39.95
2024 93.87 Est @ 18.53% 41.29
2025 106.84 Est @ 13.83% 40.99
2026 118.10 Est @ 10.53% 39.51
2027 127.82 Est @ 8.23% 37.29
2028 136.27 Est @ 6.61% 34.67
Present value of next 10 years cash flows PLN341.75
WSE:S4E DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN136.27 × (1 + 2.85%) ÷ (14.67% – 2.85%)
PLN1,186.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN1,186.02 ÷ (1 + 14.67%)10
PLN301.79
WSE:S4E Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN341.75 + PLN301.79
PLN643.54
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN643.54 / 1.74
PLN370.45
WSE:S4E Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN370.45
Current discount Discount to share price of PLN7.35
= -1 x (PLN7.35 - PLN370.45) / PLN370.45
98%

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

Current Discount
Amount off the current price S4E is available for.
Intrinsic value
>50%
Share price is PLN7.35 vs Future cash flow value of PLN370.45
Current Discount Checks
For S4E to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • S4E's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • S4E'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 S4E's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are S4E's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:S4E PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN-1.12
WSE:S4E Share Price ** WSE (2019-04-18) in PLN PLN7.35
Poland Electronic Industry PE Ratio Median Figure of 9 Publicly-Listed Electronic Companies 8.97x
Poland Market PE Ratio Median Figure of 459 Publicly-Listed Companies 11.06x

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

** Primary Listing of S4E.

WSE:S4E PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:S4E Share Price ÷ EPS (both in PLN)

= 7.35 ÷ -1.12

-6.56x

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

  • S4E is loss making, we can't compare its value to the PL Electronic industry average.
  • S4E is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does S4E's expected growth come at a high price?
Raw Data
WSE:S4E PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.56x
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 74 Publicly-Listed Electronic Companies 1.59x
Poland Market PEG Ratio Median Figure of 114 Publicly-Listed Companies 1.18x

*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 S4E, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on S4E's assets?
Raw Data
WSE:S4E PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN4.97
WSE:S4E Share Price * WSE (2019-04-18) in PLN PLN7.35
Poland Electronic Industry PB Ratio Median Figure of 18 Publicly-Listed Electronic Companies 1.35x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.99x
WSE:S4E PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:S4E Share Price ÷ Book Value per Share (both in PLN)

= 7.35 ÷ 4.97

1.48x

* Primary Listing of S4E.

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

  • S4E is overvalued based on assets compared to the PL Electronic industry average.
X
Value checks
We assess S4E'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. S4E has a total score of 2/6, 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.

S4E Future Performance

 How is S4E 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 S4E 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!
Annual Growth Rate
9.3%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is S4E expected to grow at an attractive rate?
  • Unable to compare S4E's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare S4E's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare S4E's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:S4E Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Poland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 13.8%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.3%
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
Raw Data
WSE:S4E Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:S4E Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 269 11 -2
2018-06-30 279 2 -2
2018-03-31 252 4 -1
2017-12-31 240 3 -1
2017-09-30 194 -1 -4
2017-06-30 173 -2 -3
2017-03-31 192 0 -2
2016-12-31 186 -9 -2
2016-09-30 212 -9 3
2016-06-30 219 -2 3
2016-03-31 217 -4 3
2015-12-31 225 18 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if S4E is high growth as no earnings estimate data is available.
  • Unable to determine if S4E 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:S4E Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from S4E Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:S4E Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 -1.12
2018-06-30 -0.99
2018-03-31 -0.63
2017-12-31 -0.46
2017-09-30
2017-06-30 -1.83
2017-03-31 -0.95
2016-12-31 -0.90
2016-09-30 1.73
2016-06-30 1.70
2016-03-31 1.74
2015-12-31 1.76

*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 S4E will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. S4E's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  2. S4E's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess S4E'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 Poland 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.
S4E 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.

S4E Past Performance

  How has S4E 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 S4E's growth in the last year to its industry (Electronic).
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.
  • S4E does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare S4E's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare S4E's 1-year growth to the PL Electronic industry average as it is not currently profitable.
Earnings and Revenue History
S4E'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 S4E Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:S4E Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 268.88 -1.95 15.85
2018-06-30 278.63 -1.73 16.04
2018-03-31 252.31 -1.09 16.06
2017-12-31 239.63 -0.79 15.85
2017-09-30 193.62 -3.78 15.71
2017-06-30 172.74 -3.17 15.48
2017-03-31 191.97 -1.65 13.92
2016-12-31 185.88 -1.56 13.16
2016-09-30 211.51 3.01 14.48
2016-06-30 218.92 2.96 14.01
2016-03-31 216.68 3.02 13.06
2015-12-31 225.46 3.06 12.25
2015-09-30 180.51 1.68 11.03
2015-06-30 173.33 1.44 10.06
2015-03-31 162.08 1.05 9.88
2014-12-31 134.22 0.51 9.79
2014-09-30 138.28 2.20 9.68
2014-06-30 141.48 2.81 10.11
2014-03-31 146.80 3.29 10.22
2013-12-31 147.27 3.61 10.23
2013-09-30 161.55 3.06 10.80
2013-06-30 149.24 3.05 10.42
2013-03-31 139.39 3.19 10.20
2012-12-31 143.96 3.26 9.88
2012-09-30 127.52 3.03 15.18
2012-06-30 136.98 2.83 12.91

*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 S4E has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if S4E 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 S4E improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess S4E'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 Electronic 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.
S4E 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.

S4E Health

 How is S4E'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 S4E's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • S4E is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • S4E's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of S4E'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.
  • Debt is covered by short term assets, assets are 4.3x debt.
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 S4E Company Filings, last reported 6 months ago.

WSE:S4E Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 8.64 13.44 3.71
2018-06-30 9.25 24.73 6.25
2018-03-31 11.17 24.72 10.70
2017-12-31 11.36 15.20 9.15
2017-09-30
2017-06-30 13.97 21.62 4.01
2017-03-31 15.60 19.78 3.87
2016-12-31 12.15 11.71 4.99
2016-09-30 14.71 19.27 3.22
2016-06-30 14.50 17.56 3.75
2016-03-31 14.78 20.63 5.77
2015-12-31 14.58 11.21 15.77
2015-09-30 12.21 6.45 2.14
2015-06-30 12.06 13.17 4.35
2015-03-31 11.76 13.04 5.23
2014-12-31 11.51 12.22 1.70
2014-09-30 10.56 13.28 1.48
2014-06-30 10.65 8.35 1.36
2014-03-31 14.21 4.78 2.06
2013-12-31 14.48 2.09 1.97
2013-09-30 11.89 2.51 1.79
2013-06-30 11.36 0.98 1.80
2013-03-31 13.87 2.41 1.79
2012-12-31 13.81 0.55 9.06
2012-09-30 11.46 6.34 2.06
2012-06-30 10.92 0.19 4.28
  • S4E's level of debt (155.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21% vs 155.6% today).
  • Debt is well covered by operating cash flow (83.5%, greater than 20% of total debt).
  • S4E is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess S4E'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. S4E has a total score of 3/6, 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.

S4E Dividends

 What is S4E'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 S4E dividends.
If you bought PLN2,000 of S4E 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 S4E's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate S4E'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:S4E 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 205 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

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

WSE:S4E Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2016-02-12 0.000 0.000
2015-11-16 0.000 0.000
2015-08-06 0.000 0.000
2015-05-15 0.000 0.000
2015-05-08 0.000 0.000
2015-02-16 0.000 0.000
2013-11-14 1.700 18.034
2013-04-17 1.700 20.149
2012-02-14 0.000 0.000
2011-11-14 0.000 0.000
2011-09-22 0.000 0.000
2011-08-16 0.000 0.000
2011-05-19 0.000 0.000
2009-04-29 0.420 6.788

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

  • Unable to perform a dividend volatility check as S4E has not reported any payouts.
  • Unable to verify if S4E's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of S4E's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as S4E 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 S4E'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 S4E afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. S4E 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.

S4E Management

 What is the CEO of S4E'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
Roman Durka
TENURE AS CEO 0 years
CEO Bio

Mr. Roman Durka has been Chairman of the Management Board & Chief Executive Officer of S4E S.A. since April 2019. Mr. Durka serves as the Chief Executive Officer at Nortel Networks Corp. and Sun Microsystems Holdings Limited. Mr. Durka served as Vice-President of the Management Board at Sygnity Spólka Akcyjna since April 1, 2015 until July 6, 2017. For the thirty years, he has been with the new technologies sector. He served as the Chairman of Management Board at Futuris S.A. From 1991 to 1997, he worked for IBM Polska Sp. z o.o., where he held managerial positions: Sales Director for the Banking-Finance Sector, Branch Director, Sales Director, Deputy to the General Director. He served as the Chairman of the Board and Chief Executive Officer of the Polish division at Dell Inc. from 1997 to 2006. From 2006 to 2007, he opened a Polish division of Clearwire as the President of the Management Board. In 2008, he served as the President of the Management Board of the Polish division of Sun Microsystems. From 2007 to 2009, he served as the President of the Management Board of Nortel Networks Sp. z o.o. Mr. Durka served as the Chief Executive Officer at Runicom S.A. and served as its President of the Management Board since 2012. He served as Deputy Director of Polska at Polish troops IBM. Since 2012, he served as the President of the Management Board of Kapsch BusinessCom and led the Polish division. From 2009 to 2011, he served as the President of the Management Board at Fujitsu Technology Solutions Sp. z o.o. He was associated with Fujitsu Technology Solutions, where he was responsible for business development in Poland, Greece, Cyprus and Israel. He served as Deputy Director-General at International Business Machines Corporation. His professional career started in 1982, in Instytut Komputerowych Systemów Automatyki i Pomiarów Sp. z o.o., and he worked there until 1991. He was employed at Clearwire Corporation. Mr. Durka served as the Chairman of the Board and Chief Executive Officer of the Polish branch of Dell for over eight years. Mr. Durka was a Co-Founder at MCI Management Spolka Akcyjna. He served as Member of the Supervisory Board at Hyperion SA. He served as Member of the Supervisory Board at Futuris S.A. and Runicom S.A. He holds M.B.A. Degree from London School of Economics and Political Science and is a Doctor of Technical Sciences of Wroclaw University of Technology.

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

Roman Durka

TITLE
Chairman of the Management Board & CEO

Aneta Bartnicka

TITLE
CFO & Member of Management Board

Arkadiusz Mozdzen

TITLE
CTO & Member of Management Board
TENURE
3.2 yrs
Board of Directors

Andrzej Albera

TITLE
Chairman of Supervisory Board

Roman Pudelko

TITLE
Vice Chairman of Supervisory Board

Michal Skruch

TITLE
Member of Supervisory Board

Bartosz Stebnicki

TITLE
Member of 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 S4E'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. S4E 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.

S4E News

Simply Wall St News

Volatility 101: Should S4E (WSE:S4E) Shares Have Dropped 17%?

Because S4E is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

Simply Wall St -

What does S4E SA's (WSE:S4E) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as S4E SA (WSE:S4E) with its market cap of zł14.94m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does S4E SA.'s (WSE:S4E) Past Performance Indicate A Weaker Future?

For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the last five years S4E's top-line has increased by a mere 8.53%, on average. … This may not be consistent with full year annual report figures.

Simply Wall St -

Is S4E SA.'s (WSE:S4E) Balance Sheet A Threat To Its Future?

At this stable level of debt, S4E currently has ZŁ4.99M remaining in cash and short-term investments , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: S4E’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

S4E Company Info

Description

S4E S.A. distributes IT value-added solutions in the areas storage, networking, and security to corporations and small businesses in Poland. The company offers storage solutions for the collection, storage, preservation, and archiving of data in a digital form; and professional services, including designing, organizing, and conducting the trainings, as well as pre-sales, implementation, after-sales care, and maintenance services. It also tests equipment demos; prepares a technical project with descriptions of the selected technology; prepares specifications of the hardware and software transactions, and an implementation schedule; and implements designed systems; and provides measurement, and project logistical and financial support services, as well as post-implementation external administration and repair services. The company was founded in 2000 and is headquartered in Kraków, Poland. S4E S.A. is a subsidiary of ABC Data S.A.

Details
Name: S4E S.A.
S4E
Exchange: WSE
Founded: 2000
PLN12,768,206
1,737,171
Website: http://www.s4e.pl
Address: S4E S.A.
ul. Samuel Lindego 1 C,
Kraków,
30-148,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE S4E Ordinary Shares Warsaw Stock Exchange PL PLN 31. Aug 2007
Number of employees
Current staff
Staff numbers
0
S4E employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:04
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.