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Trans Polonia

WSE:TRN
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRN
WSE
PLN78M
Market Cap
  1. Home
  2. PL
  3. Transportation
Company description

Trans Polonia S.A., together with its subsidiaries, provides transportation and logistics services for the petrochemical industry in Europe. The last earnings update was 51 days ago. More info.


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TRN Share Price and Events
7 Day Returns
2%
WSE:TRN
-2.1%
PL Transportation
-0%
PL Market
1 Year Returns
-20.6%
WSE:TRN
-6.8%
PL Transportation
3.1%
PL Market
TRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trans Polonia (TRN) 2% -11% -11.7% -20.6% -29.8% -44.4%
PL Transportation -2.1% -11.5% -14.2% -6.8% -0.4% -45.8%
PL Market -0% 1.4% -2.8% 3.1% 15.1% -4.4%
1 Year Return vs Industry and Market
  • TRN underperformed the Transportation industry which returned -6.8% over the past year.
  • TRN underperformed the Market in Poland which returned 3.1% over the past year.
Price Volatility
TRN
Industry
5yr Volatility vs Market

TRN Value

 Is Trans Polonia 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 Trans Polonia 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 Trans Polonia.

WSE:TRN 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 16.1%
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:TRN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.969 (1 + (1- 19%) (166.88%))
1.856
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.856 * 7.14%)
16.1%

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

The calculations below outline how an intrinsic value for Trans Polonia 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:TRN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 16.1%)
2020 8.42 Est @ -19.4% 7.25
2021 7.35 Est @ -12.72% 5.45
2022 6.76 Est @ -8.05% 4.32
2023 6.43 Est @ -4.78% 3.54
2024 6.27 Est @ -2.49% 2.97
2025 6.22 Est @ -0.89% 2.54
2026 6.23 Est @ 0.23% 2.19
2027 6.30 Est @ 1.02% 1.91
2028 6.39 Est @ 1.57% 1.67
2029 6.52 Est @ 1.95% 1.46
Present value of next 10 years cash flows PLN33.31
WSE:TRN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN6.52 × (1 + 2.85%) ÷ (16.1% – 2.85%)
PLN50.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN50.60 ÷ (1 + 16.1%)10
PLN11.37
WSE:TRN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN33.31 + PLN11.37
PLN44.68
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN44.68 / 25.34
PLN1.76
WSE:TRN Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN1.76
Current discount Discount to share price of PLN3.09
= -1 x (PLN3.09 - PLN1.76) / PLN1.76
-75.2%

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

  • The current share price of Trans Polonia 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 Trans Polonia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trans Polonia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:TRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN0.30
WSE:TRN Share Price ** WSE (2019-07-17) in PLN PLN3.09
Europe Transportation Industry PE Ratio Median Figure of 30 Publicly-Listed Transportation Companies 10.52x
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 Trans Polonia.

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

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

= 3.09 ÷ 0.30

10.32x

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

  • Trans Polonia is good value based on earnings compared to the Europe Transportation industry average.
  • Trans Polonia is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Trans Polonia's expected growth come at a high price?
Raw Data
WSE:TRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.6%per year
Europe Transportation Industry PEG Ratio Median Figure of 19 Publicly-Listed Transportation Companies 1.46x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 1.19x

*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 Trans Polonia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trans Polonia's assets?
Raw Data
WSE:TRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN4.92
WSE:TRN Share Price * WSE (2019-07-17) in PLN PLN3.09
Poland Transportation Industry PB Ratio Median Figure of 7 Publicly-Listed Transportation Companies 0.5x
Poland Market PB Ratio Median Figure of 684 Publicly-Listed Companies 0.97x
WSE:TRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.09 ÷ 4.92

0.63x

* Primary Listing of Trans Polonia.

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

  • Trans Polonia is overvalued based on assets compared to the PL Transportation industry average.
X
Value checks
We assess Trans Polonia'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. Trans Polonia 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.

TRN Future Performance

 How is Trans Polonia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Trans Polonia, 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
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trans Polonia expected to grow at an attractive rate?
  • Trans Polonia's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Trans Polonia's earnings growth is expected to exceed the Poland market average.
  • Unable to compare Trans Polonia's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:TRN Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:TRN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.6%
Poland Transportation Industry Earnings Growth Rate Market Cap Weighted Average -10.7%
Europe Transportation Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
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:TRN 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:TRN Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 246 16 7
2018-12-31 240 15 6
2018-09-30 235 14 6
2018-06-30 232 18 5
2018-03-31 227 19 8
2017-12-31 226 13 10
2017-09-30 219 11 13
2017-06-30 210 13 14
2017-03-31 202 10 12
2016-12-31 177 12 8
2016-09-30 143 6 3
2016-06-30 108 2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trans Polonia's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Trans Polonia 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:TRN 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 Trans Polonia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:TRN Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 0.30
2018-12-31 0.26
2018-09-30 0.27
2018-06-30 0.23
2018-03-31 0.38
2017-12-31 0.57
2017-09-30 0.80
2017-06-30 0.94
2017-03-31 0.84
2016-12-31 0.63
2016-09-30 0.24
2016-06-30 -0.13

*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 Trans Polonia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Trans Polonia'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.
Trans Polonia has a total score of 2/6, 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.

TRN Past Performance

  How has Trans Polonia 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 Trans Polonia's growth in the last year to its industry (Transportation).
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.
  • Trans Polonia has delivered over 20% year on year earnings growth in the past 5 years.
  • Trans Polonia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Trans Polonia's 1-year earnings growth is negative, it can't be compared to the Europe Transportation industry average.
Earnings and Revenue History
Trans Polonia'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 Trans Polonia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:TRN Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 245.69 6.84 13.36
2018-12-31 240.12 5.86 14.38
2018-09-30 235.34 6.17 15.07
2018-06-30 232.19 5.20 15.22
2018-03-31 226.78 7.70 15.14
2017-12-31 225.56 10.46 13.94
2017-09-30 219.21 12.97 14.51
2017-06-30 209.63 13.53 14.44
2017-03-31 202.38 12.00 16.68
2016-12-31 176.61 8.22 15.23
2016-09-30 143.09 2.62 11.96
2016-06-30 108.09 -1.18 9.84
2016-03-31 72.80 -2.07 5.59
2015-12-31 62.63 0.46 4.34
2015-09-30 61.76 1.32 5.01
2015-06-30 62.24 2.26 4.60
2015-03-31 65.11 3.00 4.30
2014-12-31 65.29 2.62 4.26
2014-09-30 65.57 3.08 4.44
2014-06-30 65.57 4.90 4.48
2014-03-31 58.46 3.87 4.23
2013-12-31 54.24 3.81 4.09
2013-09-30 49.63 3.35 3.44
2013-06-30 44.14 1.12 3.50
2013-03-31 46.65 1.38 3.72
2012-12-31 49.51 2.08 3.95
2012-09-30 53.26 2.60 3.78

*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.
  • Trans Polonia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trans Polonia used its assets less efficiently than the Europe Transportation industry average last year based on Return on Assets.
  • Trans Polonia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Trans Polonia'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 Transportation 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.
Trans Polonia has a total score of 2/6, 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.

TRN Health

 How is Trans Polonia'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 Trans Polonia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trans Polonia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trans Polonia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trans Polonia'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 not covered by short term assets, assets are 0.9x 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 Trans Polonia Company Filings, last reported 3 months ago.

WSE:TRN Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 112.28 50.99 44.16
2018-12-31 112.28 49.31 48.54
2018-09-30 110.01 55.25 48.70
2018-06-30 105.67 52.97 55.79
2018-03-31 110.19 50.15 57.91
2017-12-31 111.17 51.72 61.09
2017-09-30 108.67 54.74 58.64
2017-06-30 59.75 55.75 10.57
2017-03-31 56.97 57.16 12.62
2016-12-31 55.19 58.14 20.11
2016-09-30 50.81 60.72 9.27
2016-06-30 46.60 63.94 6.20
2016-03-31 43.79 71.89 17.64
2015-12-31 23.42 4.45 3.37
2015-09-30 24.39 3.33 3.57
2015-06-30 24.25 3.64 1.65
2015-03-31 23.90 5.04 3.58
2014-12-31 23.37 3.23 2.94
2014-09-30 23.06 4.26 3.72
2014-06-30 21.99 4.71 2.76
2014-03-31 20.90 1.69 3.49
2013-12-31 20.76 2.73 3.62
2013-09-30 19.98 1.43 2.44
2013-06-30 17.15 1.35 1.37
2013-03-31 17.08 0.00 2.32
2012-12-31 17.00 0.00 3.94
2012-09-30 18.64 0.00 3.27
  • Trans Polonia's level of debt (116.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (90.3% vs 116.4% today).
  • Debt is not well covered by operating cash flow (12.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Trans Polonia'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. Trans Polonia 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.

TRN Dividends

 What is Trans Polonia'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
6.8%
Current annual income from Trans Polonia dividends.
If you bought PLN2,000 of Trans Polonia shares you are expected to receive PLN136 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?
  • Trans Polonia's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.88%).
  • Trans Polonia's dividend is below the markets top 25% of dividend payers in Poland (7.06%).
Upcoming dividend payment

Purchase Trans Polonia before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:TRN 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
Europe Transportation Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 3%
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:TRN Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-05-28 0.210 6.462
2018-04-06 0.210 5.023
2016-11-14 0.000 0.000
2016-08-31 0.000 0.000
2016-05-16 0.000 0.000
2016-03-18 0.000 0.000
2015-11-16 0.160 4.455
2015-08-31 0.160 4.117
2015-03-20 0.160 4.338

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

  • Trans Polonia has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Trans Polonia only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Trans Polonia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
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 Trans Polonia'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 Trans Polonia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trans Polonia has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TRN Management

 What is the CEO of Trans Polonia'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
Dariusz Stanislaw Cegielski
COMPENSATION PLN201,000
TENURE AS CEO 11.1 years
CEO Bio

Mr. Dariusz Stanislaw Cegielski serves as the President of Management Board at Trans Polonia SA and has been its Chief Executive Officer since June 2008. , Mr. Cegielski has been involved in building the chemicals transportation market in entire Europe since 1999. During his professional career Mr. Cegielski cooperated with the largest petrochemical producers in Western Europe, e.g. Shell, Lyondell, BASF, Bayer, Dow Chemicals and many others building a transport network with their business partners in Central Europe, especially in Poland. He is the author of innovative solutions for transport strategies of the leading Polish chemicals manufacturers. Mr. Cegielski managed an international transportation company at the time of Polish accession to the EU a period of many extraoridinary experiences in international logistics. From 2005 to 2008, he served as the Chairman of the Management Board at Trans Polonia sp. z o.o. in Tczew (predecessor entity of Trans Polonia S.A.). From 2002 to 2006, he served as Supervisory Board Member of Okregowy Zespol Gospodarki Turystycznej PTTK sp. z o.o in Olsztyn. From 2002 to 2005, he served as Vice Chairman of the Management Board of Organika Trans sp. z o.o. From 2001 to 2002, he served as Director of International Shipment in Organika Trans sp. z o.o. in Malbork. From 1999 to 2001, he provided services in the scope of international transport of chemicals, representating company before the Ministry of Transport and Maritime Economy, assisting in registration activities, creating and maintaining documentation of chemical plant Organika S.A. in Malbork. From 1998 to 2002, he served as Member of the Management Board responsible for the construction of a shopping center by Index sp. z o.o. in Malbork. From 1996 to 1998, he served as project coordinator in an architectural office. From 1994 to 1996, he was intern in a film agency Profilm in Gdansk acquisition of clients, participated in making TV programs and large media and entertainment events. In 2002 he became certified by the Ministry of Treasury to be a member of supervisory boards of companies wholly owned by the State Treasury. In 2003 he received a certificate of the Ministry of Infrastructure to manage national and international transportation companies in accordance with the Act on road transport. Mr. Cegielski is a graduate of the Faculty of Economics at the University of Gdansk, the Department of Transport and Logistics where he obtained a master's degree in economics, specializing in Transport policy.

CEO Compensation
  • Dariusz's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dariusz's remuneration is higher than average for companies of similar size in Poland.
Management Team

Dariusz Stanislaw Cegielski

TITLE
President of Management Board & CEO
COMPENSATION
PLN201K
TENURE
11.1 yrs

Krzysztof Luks

TITLE
Vice President of Management Board
COMPENSATION
PLN116K

Adriana Bosiacka

TITLE
Member of Management Board
COMPENSATION
PLN141K

Marzena Szarafin

TITLE
Chief Accountant
Board of Directors Tenure

Average tenure and age of the Trans Polonia board of directors in years:

3.2
Average Tenure
39
Average Age
  • The tenure for the Trans Polonia board of directors is about average.
Board of Directors

Grzegorz Wanio

TITLE
President of Supervisory Board
AGE
39
TENURE
3.4 yrs

Krzysztof Plachta

TITLE
Member of the Supervisory Board
AGE
60

Iwar Przyklang

TITLE
Member of Supervisory Board
TENURE
7.2 yrs

Pawel Lakomy

TITLE
Member of Supervisory Board
AGE
38
TENURE
3.4 yrs

Dominik Tomczyk

TITLE
Member of the Supervisory Board
TENURE
2.9 yrs

Marcin Marczuk

TITLE
Member of Supervisory Board
TENURE
1.7 yrs

Bartlomiej Stepien

TITLE
Member of Supervisory Board
TENURE
1.7 yrs

Piotr Stachura

TITLE
Member of 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 Trans Polonia'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. Trans Polonia 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.

TRN News

Simply Wall St News

Is Trans Polonia (WSE:TRN) Using Too Much Debt?

WSE:TRN Historical Debt, July 16th 2019 How Healthy Is Trans Polonia's Balance Sheet? … Either way, since Trans Polonia does have more debt than cash, it's worth keeping an eye on its balance sheet. … But it is Trans Polonia's earnings that will influence how the balance sheet holds up in the future.

Simply Wall St -

Should You Be Tempted To Sell Trans Polonia S.A. (WSE:TRN) Because Of Its P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Trans Polonia: P/E of 11.5 = PLN3.45 ÷ PLN0.30 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … Trans Polonia shrunk earnings per share by 20% over the last year. … With relatively high debt, and no earnings per share growth over twelve months, the P/E suggests that many have an expectation that company will find some growth.

Simply Wall St -

How Does Trans Polonia S.A. (WSE:TRN) Fare As A Dividend Stock?

(WSE:TRN) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With a four-year payment history and a 6.0% yield, many investors probably find Trans Polonia intriguing. We'd agree the yield does look enticing. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Trans Polonia has been paying a dividend for the past four years. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. It's not great to see that Trans Polonia's have fallen at approximately 16% over the past five years. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Trans Polonia S.A. (WSE:TRN) Is Employing Capital Very Effectively

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Trans Polonia: 0.084 = zł17m ÷ (zł247m - zł52m) (Based on the trailing twelve months to December 2018.) Therefore, Trans Polonia has an ROCE of 8.4%. … What Are Current Liabilities, And How Do They Affect Trans Polonia's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

How Does Trans Polonia S.A. (WSE:TRN) Affect Your Portfolio Volatility?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Kind Of Shareholders Own Trans Polonia S.A. (WSE:TRN)?

If you want to know who really controls Trans Polonia S.A. … (WSE:TRN), then you'll have to look at the makeup of its share registry. … View our latest analysis for Trans Polonia

Simply Wall St -

Those Who Purchased Trans Polonia (WSE:TRN) Shares Five Years Ago Have A 44% Loss To Show For It

(WSE:TRN) shareholders should be happy to see the share price up 25% in the last quarter. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years over which the share price declined, Trans Polonia's earnings per share (EPS) dropped by 12% each year.

Simply Wall St -

Is Trans Polonia S.A. (WSE:TRN) Overpaying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Dariusz Stanislaw Cegielski's Compensation Compare With Similar Sized Companies. … has a market capitalization of zł22m, and pays its CEO total annual compensation worth zł201k.

Simply Wall St -

Is Trans Polonia S.A.'s (WSE:TRN) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Trans Polonia has a price to earnings ratio of 12.37, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Trans Polonia S.A. (WSE:TRN) Have A High Beta?

(WSE:TRN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

TRN Company Info

Description

Trans Polonia S.A., together with its subsidiaries, provides transportation and logistics services for the petrochemical industry in Europe. The company transports liquid fuels and gas to petrol stations and other petrochemical corporations; liquid chemicals; classic road bitumen, modified bitumen, and industrial asphalt products; and liquid products that are used in the food industry. It offers transport services through tank trailers and tank containers. The company is based in Tczew, Poland.

Details
Name: Trans Polonia S.A.
TRN
Exchange: WSE
Founded:
PLN78,296,138
25,338,556
Website: http://www.transpolonia.pl
Address: Trans Polonia S.A.
Ul. Rokicka 16,
Tczew,
83-110,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE TRN Bearer Shares Warsaw Stock Exchange PL PLN 20. Oct 2008
Number of employees
Current staff
Staff numbers
0
Trans Polonia employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:09
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/05/27
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.