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Netia

WSE:NET
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NET
WSE
PLN2B
Market Cap
  1. Home
  2. PL
  3. Telecom
Company description

Netia S.A. provides alternative telecommunication services. The last earnings update was 69 days ago. More info.


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NET Share Price and Events
7 Day Returns
-0.2%
WSE:NET
-2%
PL Telecom
-0%
PL Market
1 Year Returns
-5%
WSE:NET
31%
PL Telecom
3.1%
PL Market
NET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Netia (NET) -0.2% -0.8% -3.1% -5% 5.1% -15%
PL Telecom -2% -0.1% 23% 31% 19.8% -28.8%
PL Market -0% 1.4% -2.8% 3.1% 15.1% -4.4%
1 Year Return vs Industry and Market
  • NET underperformed the Telecom industry which returned 31% over the past year.
  • NET underperformed the Market in Poland which returned 3.1% over the past year.
Price Volatility
NET
Industry
5yr Volatility vs Market

Value

 Is Netia 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 Netia 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 Netia.

WSE:NET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) 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:NET
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))
= 0.351 (1 + (1- 19%) (33.71%))
0.63
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:NET using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Netia 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:NET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 8.56%)
2020 36.40 Analyst x1 33.53
2021 104.00 Analyst x1 88.24
2022 109.00 Analyst x1 85.19
2023 108.00 Analyst x1 77.75
2024 108.23 Est @ 0.21% 71.77
2025 109.31 Est @ 1% 66.77
2026 111.01 Est @ 1.56% 62.46
2027 113.17 Est @ 1.94% 58.66
2028 115.68 Est @ 2.22% 55.23
2029 118.46 Est @ 2.41% 52.10
Present value of next 10 years cash flows PLN651.70
WSE:NET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN118.46 × (1 + 2.85%) ÷ (8.56% – 2.85%)
PLN2,133.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN2,133.00 ÷ (1 + 8.56%)10
PLN938.02
WSE:NET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN651.70 + PLN938.02
PLN1,589.72
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN1,589.72 / 335.58
PLN4.74
WSE:NET Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN4.74
Current discount Discount to share price of PLN4.75
= -1 x (PLN4.75 - PLN4.74) / PLN4.74
-0.3%

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

  • The current share price of Netia is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Netia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Netia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:NET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN0.16
WSE:NET Share Price ** WSE (2019-07-17) in PLN PLN4.75
Poland Telecom Industry PE Ratio Median Figure of 13 Publicly-Listed Telecom Companies 30.2x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.8x

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

** Primary Listing of Netia.

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

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

= 4.75 ÷ 0.16

30.2x

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

  • Netia is good value based on earnings compared to the PL Telecom industry average.
  • Netia is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Netia's expected growth come at a high price?
Raw Data
WSE:NET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
22%per year
Europe Telecom Industry PEG Ratio Median Figure of 35 Publicly-Listed Telecom Companies 1.93x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

WSE:NET PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.2x ÷ 22%

1.37x

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

  • Netia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Netia's assets?
Raw Data
WSE:NET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN5.59
WSE:NET Share Price * WSE (2019-07-17) in PLN PLN4.75
Poland Telecom Industry PB Ratio Median Figure of 13 Publicly-Listed Telecom Companies 0.81x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.97x
WSE:NET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.75 ÷ 5.59

0.85x

* Primary Listing of Netia.

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

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

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
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Netia expected to grow at an attractive rate?
  • Netia's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Netia's earnings growth is expected to exceed the Poland market average.
  • Netia's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:NET Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:NET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 22%
WSE:NET Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.3%
Poland Telecom Industry Earnings Growth Rate Market Cap Weighted Average 28.5%
Europe Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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:NET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:NET Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,321 308 2
2022-12-31 1,315 313 2
2021-12-31 1,306 335 86 3
2020-12-31 1,306 325 60 5
2019-12-31 1,348 336 50 1
WSE:NET Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 1,354 373 53
2018-12-31 1,373 380 65
2018-09-30 1,390 359 45
2018-06-30 1,406 361 40
2018-03-31 1,424 361 42
2017-12-31 1,442 348 33
2017-09-30 1,454 375 42
2017-06-30 1,471 393 45
2017-03-31 1,496 429 55
2016-12-31 1,522 442 33
2016-09-30 1,553 466 16
2016-06-30 1,580 479 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Netia's earnings are expected to grow significantly at over 20% yearly.
  • Netia's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:NET 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 5 Analyst Estimates (S&P Global) See Below

All data from Netia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:NET Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.30 0.30 0.30 1.00
2020-12-31 0.19 0.20 0.18 2.00
2019-12-31 0.14 0.18 0.10 2.00
WSE:NET Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 0.16
2018-12-31 0.19
2018-09-30 0.13
2018-06-30 0.11
2018-03-31 0.12
2017-12-31 0.10
2017-09-30 0.13
2017-06-30 0.13
2017-03-31 0.16
2016-12-31 0.09
2016-09-30 0.05
2016-06-30 0.02

*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.
  • Netia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Netia'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.
Netia has a total score of 3/6, 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 Netia 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 Netia'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.
  • Netia's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Netia's 1-year earnings growth exceeds its 5-year average (26.9% vs -18.4%)
  • Netia's earnings growth has exceeded the PL Telecom industry average in the past year (26.9% vs 13.5%).
Earnings and Revenue History
Netia'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 Netia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:NET 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 1,353.53 52.78 412.28
2018-12-31 1,373.11 64.84 409.06
2018-09-30 1,390.03 44.55 401.40
2018-06-30 1,405.66 39.53 407.23
2018-03-31 1,423.90 41.59 417.61
2017-12-31 1,442.01 32.87 423.47
2017-09-30 1,454.26 42.42 423.90
2017-06-30 1,470.72 45.45 432.69
2017-03-31 1,496.49 55.37 434.68
2016-12-31 1,521.97 32.67 439.32
2016-09-30 1,552.99 16.39 451.05
2016-06-30 1,580.49 7.84 448.46
2016-03-31 1,573.96 -9.29 449.57
2015-12-31 1,572.18 2.21 444.47
2015-09-30 1,573.58 176.11 447.87
2015-06-30 1,586.57 163.41 459.81
2015-03-31 1,628.39 165.14 470.95
2014-12-31 1,674.04 174.83 482.19
2014-09-30 1,720.70 25.33 497.58
2014-06-30 1,764.37 43.81 504.31
2014-03-31 1,819.70 44.10 517.35
2013-12-31 1,876.02 46.29 534.79
2013-09-30 1,944.79 -73.12 526.26
2013-06-30 2,008.79 -77.15 558.97
2013-03-31 2,067.77 -64.71 561.39
2012-12-31 2,121.36 -87.70 582.63
2012-09-30 2,028.54 255.47 577.44

*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.
  • Netia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Netia used its assets more efficiently than the PL Telecom industry average last year based on Return on Assets.
  • Netia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Netia'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.
Netia has a total score of 4/6, 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 Netia'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 Netia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Netia's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Netia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Netia'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 1x 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 Netia Company Filings, last reported 3 months ago.

WSE:NET Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,876.24 270.05 58.34
2018-12-31 1,867.12 300.08 108.26
2018-09-30 1,854.00 300.05 86.91
2018-06-30 1,835.01 276.15 40.24
2018-03-31 1,823.00 280.52 28.65
2017-12-31 1,803.19 312.46 29.13
2017-09-30 1,785.14 313.02 23.22
2017-06-30 1,770.58 209.86 23.81
2017-03-31 1,891.17 216.48 16.17
2016-12-31 1,895.99 231.80 27.62
2016-09-30 1,900.40 304.59 54.86
2016-06-30 1,885.82 334.85 36.23
2016-03-31 2,019.15 334.80 123.45
2015-12-31 2,036.12 335.14 82.65
2015-09-30 2,049.39 401.90 82.27
2015-06-30 2,041.27 249.58 61.75
2015-03-31 2,243.48 300.67 262.15
2014-12-31 2,242.62 300.54 207.33
2014-09-30 2,075.95 370.46 86.35
2014-06-30 2,079.18 413.71 48.28
2014-03-31 2,217.11 385.27 124.67
2013-12-31 2,204.50 384.08 93.41
2013-09-30 2,193.74 448.15 130.95
2013-06-30 2,179.40 522.94 124.42
2013-03-31 2,295.36 562.54 98.32
2012-12-31 2,296.30 550.65 142.77
2012-09-30 2,444.66 590.01 131.19
  • Netia's level of debt (14.4%) 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 (17.4% vs 14.4% today).
  • Debt is well covered by operating cash flow (138.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.1x coverage).
X
Financial health checks
We assess Netia'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. Netia has a total score of 4/6, 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 Netia'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 Netia dividends. Estimated to be 0.77% next year.
If you bought PLN2,000 of Netia 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 Netia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Netia'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:NET 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 5 Analyst Estimates (S&P Global) See Below
Poland Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 23.7%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.9%
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.

WSE:NET Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.13 3.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00
WSE:NET Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.000 0.000
2019-02-28 0.000 0.000
2017-04-26 0.380 8.264
2017-02-16 0.380 8.298
2016-08-03 0.400 8.576
2016-02-24 0.400 8.514
2016-01-15 0.400 7.281
2015-11-04 0.600 11.115
2015-08-06 0.600 10.791
2015-08-05 0.600 10.419
2015-05-13 0.420 7.247
2015-02-18 0.600 10.207
2014-02-20 0.420 7.699
2014-01-15 0.420 8.466

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

  • Unable to perform a dividend volatility check as Netia has not reported any payouts.
  • Unable to verify if Netia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Netia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Netia has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Netia's dividends in 3 years as they are not expected to pay a notable one for Poland.
X
Income/ dividend checks
We assess Netia'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 Netia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Netia 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 Netia'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
Andrzej Abramczuk
COMPENSATION PLN0
TENURE AS CEO 0.9 years
CEO Bio

Mr. Andrzej Abramczuk has been Chief Operating Officer, Director of Strategy and Operations and Member of the Management Board at Netia S.A. since December 13, 2017. He serves as CEO at Netia S.A. since August 18, 2018.

CEO Compensation
  • Insufficient data for Andrzej to compare compensation growth.
  • Andrzej's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Netia management team in years:

1.6
Average Tenure
  • The average tenure for the Netia management team is less than 2 years, this suggests a new team.
Management Team

Andrzej Abramczuk

TITLE
CEO, COO
TENURE
0.9 yrs

Krzysztof Adaszewski

TITLE
Member of the Management Board & CFO
TENURE
1.6 yrs

Tomasz Dakowski

TITLE
Head of B2C Unit & Member of Management Board

Aster Papazyan

TITLE
Member of the Management Board & Head of B2B Unit

Katarzyna Szwarc

TITLE
Head of Legal Affairs

Pawel Zytecki

TITLE
Business Development & IT Director

Konrad Kobylecki

TITLE
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure of the Netia board of directors in years:

1.8
Average Tenure
  • The average tenure for the Netia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zbigniew Jakubas

TITLE
Chairman of Supervisory Board
TENURE
5.2 yrs

Grzegorz Zambrzycki

TITLE
Supervisory Board Vice Chairman

Miroslaw Godlewski

TITLE
Member of Supervisory Board
AGE
52
TENURE
4.8 yrs

Adam Biedrzycki

TITLE
Member of Supervisory Board
AGE
55
TENURE
4.1 yrs

Maciej Szwarc

TITLE
Member of Supervisory Board
TENURE
1.8 yrs

Wojciech Pytel

TITLE
Member of Supervisory Board
TENURE
1.5 yrs

Grzegorz Bartler

TITLE
Member of Supervisory Board
TENURE
1.2 yrs

Tomasz Szelag

TITLE
Member of Supervisory Board
TENURE
0.1 yrs
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 Netia'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. Netia 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

Does Netia S.A.'s (WSE:NET) 11% Earnings Growth Reflect The Long-Term Trend?

Measuring Netia S.A.'s (WSE:NET) track record of past performance is a useful exercise for investors. … Today I will assess NET's recent performance announced on 30 September 2018 and weigh these figures against its long-term trend and industry movements. … Commentary On NET's Past Performance.

Simply Wall St -

Should You Be Concerned About Netia SA's (WSE:NET) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.025 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Will Netia SA's (WSE:NET) Earnings Grow Over The Next Year?

In June 2018, Netia SA (WSE:NET) released its earnings update. … as a 5.15% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of -20.11%

Simply Wall St -

Is Netia SA (WSE:NET) Attractive At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes NET appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Did Netia SA (WSE:NET) Create Value For Investors Over The Past Year?

and want to begin learning the link between Netia SA (WSE:NET)’s return fundamentals and stock market performance. … Netia SA’s (WSE:NET) most recent return on equity was a substandard 2.43% relative to its industry performance of 7.66% over the past year. … Though NET's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Is Netia SA (WSE:NET) A Sell At Its Current PE Ratio?

But should this larger multiple be the final verdict of NET’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … This article will cover some key aspects we should consider in order to determine the best multiple to be used for

Simply Wall St -

Netia SA (WSE:NET): What Can We Expect From Future Profit Margins?

Netia SA's (WSE:NET) … negative outlook for net income … drives analysts to project

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Netia SA. (WSE:NET): Can It Deliver A Superior ROE To The Industry?

View our latest analysis for Netia Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:NET Last Perf Jun 5th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What Is Driving Netia SA.'s (WSE:NET) Margins In The Next Few Years?

To get some insight, I will shine a light on the behaviour of Netia’s margins to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Using Netia's margin expectations as a way to understand projections for the future Margins are expected to shift towards expansion, with -0.12% in expected annual earnings growth and a 3.25% expected annual decline in revenue. … Thus, it is essential to run your own analysis on Netia's future expectations whilst maintaining a watchful eye over the long term sustainability of cost cutting measures as a way to drive earnings growth.

Simply Wall St -

My Concerns Around Netia SA. (WSE:NET)

Top-line pressures are expected to impact future earnings, with its year-on-year growth rate estimated to underperform the industry average growth (14.58% vs. … Even with an expected negative FCF growth rate of -7.26% (source: analyst consensus), the target price for NET of zł6.38 is still above its share price. … However, comparing NET's current share price to its peers based on its industry and earnings level, it's overvalued by 81.45%, with a PE ratio of 49.16x vs.

Simply Wall St -

Company Info

Description

Netia S.A. provides alternative telecommunication services. The company operates through Business-to-Consumer (B2C) and Business-to-Business (B2B) segments. It offers data transmission, voice, television, cell phone, and broad band Internet services. The company also provides integrated online solutions. It serves small and medium sized enterprises, retail customers, and B2B clients in Poland. The company was formerly known as Netia Holdings S.A. and changed its name to Netia S.A. in 2003. Netia S.A. was founded in 1990 and is headquartered in Warsaw, Poland.

Details
Name: Netia S.A.
NET
Exchange: WSE
Founded: 1990
PLN1,593,997,134
335,578,344
Website: http://www.netia.pl
Address: Netia S.A.
ulica Poleczka 13,
Warsaw,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE NET Common Shares With 1 Vote Per Share Warsaw Stock Exchange PL PLN 27. Jul 2000
Number of employees
Current staff
Staff numbers
2,091
Netia employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:45
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/09
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.