WSE:OPL

Stock Analysis Report

Executive Summary

Orange Polska S.A., together with its subsidiaries, provides telecommunications services in Poland.

Snowflake

Fundamentals

Fair value with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.6%

OPL

4.2%

PL Telecom

1.9%

PL Market


1 Year Return

30.9%

OPL

23.2%

PL Telecom

0.2%

PL Market

Return vs Industry: OPL exceeded the Polish Telecom industry which returned 23.2% over the past year.

Return vs Market: OPL exceeded the Polish Market which returned 0.2% over the past year.


Shareholder returns

OPLIndustryMarket
7 Day5.6%4.2%1.9%
30 Day4.9%4.8%0.5%
90 Day-5.9%-4.1%-5.7%
1 Year30.9%30.9%23.3%23.2%3.3%0.2%
3 Year8.5%8.5%8.5%5.8%12.3%4.3%
5 Year-34.3%-40.8%-28.1%-36.8%0.2%-12.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Orange Polska undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OPL (PLN6.02) is trading below our estimate of fair value (PLN28.74)

Significantly Below Fair Value: OPL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OPL is poor value based on its PE Ratio (61.2x) compared to the Telecom industry average (11.8x).

PE vs Market: OPL is poor value based on its PE Ratio (61.2x) compared to the Polish market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: OPL is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: OPL is good value based on its PB Ratio (0.7x) compared to the PL Telecom industry average (0.8x).


Next Steps

Future Growth

How is Orange Polska forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

26.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OPL's forecast earnings growth (26.7% per year) is above the savings rate (2.9%).

Earnings vs Market: OPL's earnings (26.7% per year) are forecast to grow faster than the Polish market (10.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OPL's revenue (0.6% per year) is forecast to grow slower than the Polish market (5.8% per year).

High Growth Revenue: OPL's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OPL's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has Orange Polska performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OPL's earnings have declined by -34.2% per year over the past 5 years.

Accelerating Growth: OPL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OPL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Telecom industry (67.6%).


Return on Equity

High ROE: OPL's Return on Equity (1.2%) is considered low.


Return on Assets

ROA vs Industry: OPL's Return on Assets is below or equal to the Telecom industry average last year.


Return on Capital Employed

ROCE Improving: OPL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Orange Polska's financial position?


Financial Position Analysis

Short Term Liabilities: OPL's short term assets (PLN3.8B) do not cover its short term liabilities (PLN4.3B)

Long Term Liabilities: OPL's short term assets (3.8B) do not cover its long term liabilities (9.6B)


Debt to Equity History and Analysis

Debt Level: OPL's debt to equity ratio (69.7%) is considered high

Reducing Debt: OPL's debt to equity ratio has increased from 35.1% to 69.7% over the past 5 years.

Debt Coverage: OPL's debt is well covered by operating cash flow (29.4%).

Interest Coverage: OPL's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet

Inventory Level: OPL has a high level of physical assets or inventory.

Debt Coverage by Assets: OPL's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

2.10%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.7%markettop25%7.2%industryaverage4.7%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate OPL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OPL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if OPL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OPL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OPL is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OPL's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Jean-François Fallacher (52yo)

3.4yrs

Tenure

zł4,403,000

Compensation

Mr. Jean-François Fallacher has been President of Management Board and Chief Executive Officer at Orange Polska Spolka Akcyjna (S.A) since May 1, 2016. He is responsible for running Romania's leading mobil ...


CEO Compensation Analysis

Compensation vs. Market: Jean-François's total compensation ($USD1.15M) is about average for companies of similar size in the Polish market ($USD266.65K).

Compensation vs Earnings: Jean-François's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

54yo

Average Age

Experienced Management: OPL's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

60yo

Average Age

Experienced Board: OPL's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jacek Kowalski (55yo)

    MD of Human Resources & Member of the Management Board

    • Tenure: 8.8yrs
    • Compensation: zł1.99m
  • Jean-François Fallacher (52yo)

    President of the Management Board & CEO

    • Tenure: 3.4yrs
    • Compensation: zł4.40m
  • Leszek Iwaszko

    Director of Investor Relations Department

    • Tenure: 5.5yrs
  • Mariusz Gaca (46yo)

    Vice-President of the Management Board for the Consumer Market & Deputy CEO

    • Tenure: 5yrs
    • Compensation: zł2.82m
  • Maciej Nowohonski (46yo)

    CFO & Member of the Management Board

    • Tenure: 0yrs
    • Compensation: zł2.02m
  • Marc Ricau (59yo)

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 7yrs
  • Jolanta Dudek (55yo)

    Member of the Management Board

    • Tenure: 4yrs
    • Compensation: zł1.59m
  • Bozena Lesniewska (54yo)

    Vice President of the Management Board

    • Tenure: 2.8yrs
    • Compensation: zł2.25m
  • Witold Drozdz (45yo)

    Executive Director of Corporate Affairs & Strategy and Member of Management Board

    • Tenure: 0.9yrs
    • Compensation: zł242.00k
  • Piotr Jaworski (58yo)

    CTO & Member of Management Board

    • Tenure: 0.9yrs
    • Compensation: zł244.00k

Board Members

  • Henryka Bochniarz (72yo)

    Independent Member of the Supervisory Board

    • Tenure: 7.5yrs
  • Maria Wisniewska (60yo)

    Independent Member of the Supervisory Board

    • Tenure: 1.5yrs
  • Gervais Gilles Pellissier (60yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Jean-Marc Vignolles

    Member of Supervisory Board

    • Tenure: 1.5yrs
  • Maciej Witucki (52yo)

    Chairman of the Supervisory Board

    • Tenure: 6.1yrs
  • Russ Houlden (60yo)

    Independent Member of the Supervisory Board

    • Tenure: 5.5yrs
  • Ramon Fernandez (52yo)

    Member of the Supervisory Board

    • Tenure: 5yrs
  • Thierry Bonhomme (63yo)

    Member of the Supervisory Board

    • Tenure: 1.5yrs
  • Marc Ricau (59yo)

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 7yrs
  • Eric Debroeck (61yo)

    Member of the Supervisory Board

    • Tenure: 6.5yrs

Company Information

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


Key Information

  • Name: Orange Polska S.A.
  • Ticker: OPL
  • Exchange: WSE
  • Founded: 1991
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: zł7.900b
  • Shares outstanding: 1.31b
  • Website: https://www.orange.pl

Number of Employees


Location

  • Orange Polska S.A.
  • 160 Aleje Jerozolimskie Street
  • Warsaw
  • 02-326
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTTW.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDNov 1998
OPLWSE (Warsaw Stock Exchange)YesOrdinary Bearer SharesPLPLNNov 1998
0GB7LSE (London Stock Exchange)YesOrdinary Bearer SharesGBPLNNov 1998
TPA1DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURNov 1998

Biography

Orange Polska S.A., together with its subsidiaries, provides telecommunications services in Poland. It offers mobile and fixed telecommunications services, including calls, messaging, content, and access t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:34
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.