Discounted Cash Flow Calculation for WSE:XTP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method. We use
analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
WSE:XTP DCF 1st Stage: Next 5 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
XTPL's share price is below the future cash flow value, but not at a moderate discount (< 20%).
XTPL's share price is below the future cash flow value, but not 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
is considered below, and whether this is a fair price.
Price based on past earnings
XTPL's earnings available for a low price, and how does
this compare to other companies in the same industry?
Unable to determine if XTPL is high growth as no earnings estimate data is available.
XTPL's revenue is expected to grow significantly at over 20% yearly.
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.
XTPL'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
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)
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.
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.
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.
TENURE AS CEO
Dr. Filip Granek, Ph.D. is a Co-Founder of XTPL S.A. and is its Chief Executive Officer and President of the Management Board since 2017. Dr. Granek served as the Chief Technology Officer at XTPL S.A. For nearly 10 years, he worked for the most prestigious international hi-tech research facilities and businesses such as Fraunhofer ISE (Germany), ECN (the Netherlands), ANU (Australia), Kingstone Semiconductor Company Ltd. (China). He supervised research in close collaboration with the largest enterprises from the photovoltaic sector in Europe, Asia and the U.S. He received numerous awards and grants, e.g. the Burgen scholarship (Akademia Europea) and the grant of the Foundation for Polish Science. He is a member of the renowned Young Academy of Europe and he was awarded the Ministry of Science and Higher Education grant for eminent young scientists, the German DAAD’s grant, the prestigious LIDER research grant from the National Centre for Research and Development and he was included among top European innovators (“New Europe 100 Challengers”). Dr. Granek authored 70 academic publications and submitted 30 international patent applications and patents.
Insufficient data for Filip to compare compensation growth.
Insufficient data for Filip to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team Tenure
Average tenure of the
management team in years:
The tenure for the XTPL management team is about average.
Co-Founder & Member of Supervisory Board
COO & Member of Management Board
Marketing & Public Relations Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the XTPL board of directors is less than 3 years, this suggests a new board.
In this article, I will take a quick look at XTPL SA’s (WSE:XTP) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.
View our latest analysis for XTPL WSE:XTP Ownership_summary May 9th 18 Institutional Ownership XTP's 17.11% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … XTP insiders hold a significant stake of 46.71% in the company. … Thus, investors should dig deeper into XTP's business relations with these companies and how it can affect shareholder returns in the long-term.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.
What's The Outlook For Loss-Making XTPL SA. (WSE:XTP)?
The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … Cash burn is when a loss-making company spends its equity to fund its expenses before making money from its day-to-day business. … According to my analysis, if XTPL continues to grow at this rate, it will burn through its cash reserves by the next 1.2 years and may be coming to market again.
XTPL SA.'s (WSE:XTP) Earnings Dropped -68.23%, How Did It Fare Against The Industry?
Today I will examine XTPL SA.'s (WSE:XTP) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of XTP's industry performed. … For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For XTPL, its latest earnings (trailing twelve month) is -ZŁ3.85M, which, in comparison to the previous year's level, has become more negative.
XTPL S.A. engages in the development of technology that enables ultra-precise printing of nanomaterials. The company’s printing system is used to precisely apply to the printing surface a special ink formulated in the laboratories. Its technology can be used in various sectors, including printed electronics, flexible electronics, solar cells, touch screens, displays, wearables, smart packaging, automotive, biosensors, medical devices, and anti-counterfeiting and open defect repair. The company also provides solutions for advanced research and prototyping, as well as for the production of new generation of transparent conductive films. XTPL S.A. is based in Wroclaw, Poland.
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