Loading...

Korbank

WSE:KOR
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KOR
WSE
PLN11M
Market Cap
  1. Home
  2. PL
  3. Telecom
Company description

Korbank S.A., a telecommunications operator, provides various services to companies, institutions, and housing estates in Poland and internationally. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • Korbank has significant price volatility in the past 3 months.
KOR Share Price and Events
7 Day Returns
0%
WSE:KOR
-2.3%
PL Telecom
0.1%
PL Market
1 Year Returns
0.9%
WSE:KOR
28.6%
PL Telecom
2.7%
PL Market
KOR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Korbank (KOR) 0% -8.7% - 0.9% 64.3% 50.3%
PL Telecom -2.3% -10% 19.5% 28.6% 16.2% -33.5%
PL Market 0.1% 0.8% -2.4% 2.7% 14.6% -4.4%
1 Year Return vs Industry and Market
  • KOR underperformed the Telecom industry which returned 28.6% over the past year.
  • KOR underperformed the Market in Poland which returned 2.7% over the past year.
Price Volatility
KOR
Industry
5yr Volatility vs Market

Value

 Is Korbank 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 Korbank 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 Korbank.

WSE:KOR 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 8.6%
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:KOR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.349 (1 + (1- 19%) (33.92%))
0.628
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.8 * 7.14%)
8.56%

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

The calculations below outline how an intrinsic value for Korbank 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:KOR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 8.56%)
2020 6.33 Est @ 102.44% 5.83
2021 10.92 Est @ 72.56% 9.26
2022 16.55 Est @ 51.65% 12.94
2023 22.68 Est @ 37.01% 16.33
2024 28.75 Est @ 26.76% 19.07
2025 34.38 Est @ 19.59% 21.00
2026 39.39 Est @ 14.57% 22.16
2027 43.74 Est @ 11.05% 22.67
2028 47.50 Est @ 8.59% 22.68
2029 50.76 Est @ 6.87% 22.32
Present value of next 10 years cash flows PLN174.26
WSE:KOR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN50.76 × (1 + 2.85%) ÷ (8.56% – 2.85%)
PLN914.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN914.03 ÷ (1 + 8.56%)10
PLN401.96
WSE:KOR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN174.26 + PLN401.96
PLN576.22
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN576.22 / 4.94
PLN116.72
WSE:KOR Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN116.72
Current discount Discount to share price of PLN2.30
= -1 x (PLN2.30 - PLN116.72) / PLN116.72
98%

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

Current Discount
Amount off the current price Korbank is available for.
Intrinsic value
>50%
Share price is PLN2.3 vs Future cash flow value of PLN116.72
Current Discount Checks
For Korbank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Korbank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Korbank'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 Korbank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Korbank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:KOR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN1.08
WSE:KOR Share Price ** WSE (2019-07-08) in PLN PLN2.3
Poland Telecom Industry PE Ratio Median Figure of 13 Publicly-Listed Telecom Companies 30.01x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.85x

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

** Primary Listing of Korbank.

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

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

= 2.3 ÷ 1.08

2.13x

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

  • Korbank is good value based on earnings compared to the PL Telecom industry average.
  • Korbank is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Korbank's expected growth come at a high price?
Raw Data
WSE:KOR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-52.9%per year
Europe Telecom Industry PEG Ratio Median Figure of 35 Publicly-Listed Telecom Companies 1.92x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.14x

*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 Korbank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Korbank's assets?
Raw Data
WSE:KOR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN2.47
WSE:KOR Share Price * WSE (2019-07-08) in PLN PLN2.3
Poland Telecom Industry PB Ratio Median Figure of 13 Publicly-Listed Telecom Companies 0.79x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.96x
WSE:KOR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.3 ÷ 2.47

0.93x

* Primary Listing of Korbank.

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

  • Korbank is overvalued based on assets compared to the PL Telecom industry average.
X
Value checks
We assess Korbank'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. Korbank has a total score of 4/6, 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 Korbank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Korbank, future earnings growth has been estimated based on fundamentals.
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
-52.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Korbank expected to grow at an attractive rate?
  • Korbank's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Korbank's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Unable to compare Korbank's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:KOR Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:KOR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -52.9%
Poland Telecom Industry Earnings Growth Rate Market Cap Weighted Average 27.4%
Europe Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:KOR Analysts Growth Expectations Data Sources
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 numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:KOR Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 26 6 5
2018-12-31 21 5 3
2018-09-30 20 4 3
2018-06-30 18 3 1
2018-03-31 17 2 1
2017-12-31 16 3 1
2017-09-30 14 2 0
2017-06-30 13 3 0
2017-03-31 12 1 0
2016-12-31 12 1 0
2016-09-30 11 2 0
2016-06-30 11 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Korbank's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Korbank 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:KOR 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 Korbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:KOR Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 1.08
2018-12-31 0.56
2018-09-30 0.55
2018-06-30 0.23
2018-03-31 0.19
2017-12-31 0.15
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.09
2016-12-31 0.06
2016-09-30 0.04
2016-06-30 0.08

*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 Korbank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Korbank'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 Europe 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.
Korbank 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 Korbank 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 Korbank's growth in the last year to its industry (Telecom).
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.
  • Korbank has delivered over 20% year on year earnings growth in the past 5 years.
  • Korbank's 1-year earnings growth exceeds its 5-year average (484.7% vs 39.4%)
  • Korbank's earnings growth has exceeded the PL Telecom industry average in the past year (484.7% vs 13.5%).
Earnings and Revenue History
Korbank'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 Korbank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:KOR Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 25.64 5.34 13.07
2018-12-31 21.16 2.77 10.26
2018-09-30 20.06 2.73 10.53
2018-06-30 17.96 1.11 9.86
2018-03-31 17.00 0.91 8.84
2017-12-31 16.11 0.73 8.39
2017-09-30 14.20 0.45 6.88
2017-06-30 13.30 0.46 6.20
2017-03-31 12.06 0.43 5.47
2016-12-31 11.64 0.32 5.31
2016-09-30 11.38 0.19 4.87
2016-06-30 11.05 0.38 4.47
2016-03-31 10.58 0.21 3.94
2015-12-31 10.03 0.37 3.65
2015-09-30 9.33 0.30 3.36
2015-06-30 8.56 0.46 3.18
2015-03-31 8.26 0.50 3.13
2014-12-31 9.00 0.72 3.68
2014-09-30 8.58 1.45 3.48
2014-06-30 8.41 0.76 4.97
2014-03-31 8.39 1.11 3.53
2013-12-31 7.25 0.48 3.01
2013-09-30 6.60 0.16 2.85
2013-06-30 6.09 0.61 2.13
2013-03-31 5.74 0.72 2.84
2012-12-31 5.13 0.65 2.13
2012-09-30 4.26 0.69 2.78

*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.
  • Korbank made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Korbank used its assets more efficiently than the PL Telecom industry average last year based on Return on Assets.
  • Korbank has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Korbank'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 Telecom 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.
Korbank has a total score of 6/6, 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 Korbank'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 Korbank's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Korbank's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Korbank's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Korbank'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x 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 Korbank Company Filings, last reported 3 months ago.

WSE:KOR Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12.17 3.85 1.21
2018-12-31 9.54 5.00 1.17
2018-09-30 9.42 3.31 1.41
2018-06-30 7.83 4.24 0.55
2018-03-31 8.23 1.88 0.65
2017-12-31 6.73 5.56 0.47
2017-09-30 6.88 3.68 0.37
2017-06-30 6.88 4.02 0.40
2017-03-31 6.79 3.97 0.26
2016-12-31 6.21 6.31 0.24
2016-09-30 6.43 4.80 0.36
2016-06-30 6.44 5.31 0.14
2016-03-31 6.37 2.44 0.44
2015-12-31 5.86 4.21 0.17
2015-09-30 6.44 6.56 0.13
2015-06-30 6.28 6.36 0.20
2015-03-31 6.15 6.07 0.18
2014-12-31 5.46 6.11 0.07
2014-09-30 5.89 2.18 0.12
2014-06-30 5.58 3.07 0.20
2014-03-31 5.63 2.16 0.05
2013-12-31 4.72 3.78 0.07
2013-09-30 4.43 2.84 0.10
2013-06-30
2013-03-31
2012-12-31 4.22 1.73 0.08
2012-09-30
  • Korbank's level of debt (31.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (38.6% vs 31.6% today).
  • Debt is well covered by operating cash flow (167.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51x coverage).
X
Financial health checks
We assess Korbank'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. Korbank has a total score of 5/6, 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.

Dividends

 What is Korbank'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 Korbank dividends.
If you bought PLN2,000 of Korbank 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 Korbank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Korbank'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:KOR 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 Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 23.6%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.1%

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 Korbank has not reported any payouts.
  • Unable to verify if Korbank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Korbank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Korbank 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 Korbank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Korbank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Korbank 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

 What is the CEO of Korbank'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
Tymoteusz Bilyk
CEO Bio

Mr. Tymoteusz Bilyk serves as President of the Management Board at Korbank S.A. Mr. Bilyk graduated from the Politechnika Wroclawska (Wroclaw University of Technology).

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

Tymoteusz Bilyk

TITLE
President of the Management Board

Pawel Paluchowski

TITLE
Vice President of the Management Board
Board of Directors

Beata Labudzinska

TITLE
Chairman of the Supervisory Board

Krzysztof Kiernicki

TITLE
Vice Chairman of the Supervisory Board

Danuta Kiernicka-Bilyk

TITLE
Member of the Supervisory Board

Andrzej Sniady

TITLE
Member of the Supervisory Board

Elzbieta Koprowska

TITLE
Member of the Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Korbank'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. Korbank 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

The Korbank (WSE:KOR) Share Price Is Up 64% And Shareholders Are Holding On

(WSE:KOR) shareholders have seen the share price rise 64% over three years, well in excess of the market return (14%, not including dividends). … Check out our latest analysis for Korbank To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is Korbank S.A.'s (WSE:KOR) ROE Of 44% Impressive?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Korbank: 44% = zł5.3m ÷ zł12m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Korbank's Debt And Its 44% Return On Equity While Korbank does have some debt, with debt to equity of just 0.32, we wouldn't say debt is excessive. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Is Korbank S.A.'s (WSE:KOR) P/E Ratio Really That Good?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Korbank: P/E of 2.59 = PLN2.8 ÷ PLN1.08 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that buyers have to pay a higher price for each PLN1 the company has earned over the last year. … Earnings growth means that in the future the 'E' will be higher.

Simply Wall St -

Brief Commentary On Korbank S.A.'s (WSE:KOR) Fundamentals

KOR’s debt-to-equity ratio stands at 32%, which means its debt level is reasonable. … This means that KOR’s capital structure strikes a good balance between low-cost debt funding and maintaining financial flexibility without overly restrictive terms of debt. … WSE:KOR Price Estimation Relative to Market, May 28th 2019 Next Steps: For Korbank, I've put together three fundamental factors you should further research: Future Outlook: What are well-informed industry analysts predicting for KOR’s future growth?

Simply Wall St -

Here's Why I Think Korbank (WSE:KOR) Might Deserve Your Attention Today

So if you're like me, you might be more interested in profitable, growing companies, like Korbank (WSE:KOR). … See our latest analysis for Korbank How Fast Is Korbank Growing Its Earnings Per Share? … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing.

Simply Wall St -

Korbank S.A. (WSE:KOR) Is Employing Capital Very Effectively

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

You Might Like Korbank S.A. (WSE:KOR) But Do You Like Its Debt?

(WSE:KOR) is a small-cap stock with a market capitalization of zł13m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.

Simply Wall St -

Read This Before You Buy Korbank S.A. (WSE:KOR) Because Of Its P/E Ratio

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Impressed By Korbank S.A.'s (WSE:KOR) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.29 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

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

Investors are always looking for growth in small-cap stocks like Korbank SA (WSE:KOR), with a market cap of zł11m. … However, an important fact which most ignore is: how financially healthy is the business? … Telecom businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

Company Info

Description

Korbank S.A., a telecommunications operator, provides various services to companies, institutions, and housing estates in Poland and internationally. The company offers IPTV set-top box decoder under the KORBOX brand that provides wireless Internet, landline telephone through VOIP gateway, HOMS smart house system, YouTube, Spotify, Office, Tuba.fm, and other services. It also provides Internet services and digital cable TV services. The company was founded in 1992 and is based in Wroclaw, Poland.

Details
Name: Korbank S.A.
KOR
Exchange: WSE
Founded: 1992
PLN11,354,226
4,936,620
Website: http://www.korbank.pl
Address: Korbank S.A.
ul. Nabycinska 19,
Wroclaw,
53-677,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE KOR Common Bearer Shares Warsaw Stock Exchange PL PLN 26. Apr 2011
Number of employees
Current staff
Staff numbers
0
Korbank employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:23
End of day share price update: 2019/07/08 00:00
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
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.