Energa
Energa SA, together with its subsidiaries, generates, distributes, and sells electricity and heat in Poland. The last earnings update was 40 days ago. More info.
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- Energa has significant price volatility in the past 3 months.
ENG Share Price and Events
7 Day Returns
1 Year Returns
ENG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Energa (ENG) | -2.4% | -10.8% | -15.6% | -23% | -35% | -56.2% |
| PL Electric Utilities | 2% | -6.7% | -10.6% | -13% | -29.6% | -54.4% |
| PL Market | 0.2% | 0.5% | 1.3% | -2.1% | 12.5% | -3.5% |
1 Year Return vs Industry and Market
- ENG underperformed the Electric Utilities industry which returned -13% over the past year.
- ENG underperformed the Market in Poland which returned -2.1% over the past year.
Value
Is Energa 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
Energa
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Energa.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year PL Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 7.1% |
| Electric Utilities Unlevered Beta | Simply Wall St/ S&P Global | 0.24 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.241 (1 + (1- 19%) (219.39%)) |
0.779 |
| 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:ENG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Energa 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.
| Levered FCF (PLN, Millions) | Source |
Present Value Discounted (@ 8.56%) |
|
|---|---|---|---|
| 2019 | 93.00 | Analyst x2 | 85.67 |
| 2020 | 178.63 | Analyst x3 | 151.57 |
| 2021 | 162.50 | Analyst x2 | 127.00 |
| 2022 | 33.23 | Analyst x3 | 23.93 |
| 2023 | 518.63 | Analyst x3 | 343.93 |
| 2024 | 668.01 | Est @ 28.8% | 408.05 |
| 2025 | 808.41 | Est @ 21.02% | 454.87 |
| 2026 | 934.25 | Est @ 15.57% | 484.22 |
| 2027 | 1,044.04 | Est @ 11.75% | 498.44 |
| 2028 | 1,138.85 | Est @ 9.08% | 500.83 |
| Present value of next 10 years cash flows | PLN3,078.50 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= PLN1,138.85 × (1 + 2.85%) ÷ (8.56% – 2.85%) |
PLN20,506.09 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= PLN20,506.09 ÷ (1 + 8.56%)10 |
PLN9,017.88 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= PLN3,078.50 + PLN9,017.88 |
PLN12,096.38 |
| Equity Value per Share (PLN) |
= Total value / Shares Outstanding
= PLN12,096.38 / 414.07 |
PLN29.21 |
| Calculation | Result | |
|---|---|---|
| Value per share (PLN) | From above. | PLN29.21 |
| Current discount | Discount to share price of
PLN7.91
= -1 x (PLN7.91 - PLN29.21) / PLN29.21 |
72.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Energa's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Energa'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 Energa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Energa's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in PLN | PLN1.79 |
| WSE:ENG Share Price ** | WSE (2019-04-23) in PLN | PLN7.91 |
| Poland Electric Utilities Industry PE Ratio | Median Figure of 6 Publicly-Listed Electric Utilities Companies | 8.6x |
| Poland Market PE Ratio | Median Figure of 459 Publicly-Listed Companies | 11.13x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Energa.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:ENG Share Price ÷ EPS (both in PLN) = 7.91 ÷ 1.79 |
4.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Energa is good value based on earnings compared to the PL Electric Utilities industry average.
- Energa is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does
Energa's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 4.43x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
-2.1%per year |
| Europe Electric Utilities Industry PEG Ratio | Median Figure of 31 Publicly-Listed Electric Utilities Companies | 0.71x |
| Poland Market PEG Ratio | Median Figure of 114 Publicly-Listed Companies | 1.16x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 4.43x ÷ -2.1% |
-2.07x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Energa earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Energa's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in PLN | PLN24.86 |
| WSE:ENG Share Price * | WSE (2019-04-23) in PLN | PLN7.91 |
| Poland Electric Utilities Industry PB Ratio | Median Figure of 7 Publicly-Listed Electric Utilities Companies | 0.32x |
| Poland Market PB Ratio | Median Figure of 687 Publicly-Listed Companies | 0.99x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:ENG Share Price ÷ Book Value per Share (both in PLN) = 7.91 ÷ 24.86 |
0.32x |
* Primary Listing of Energa.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Energa is good value based on assets compared to the PL Electric Utilities industry average.
Value checks
We assess Energa's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check) Energa has a total score of 5/6, 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 Energa expected to perform in the next 1 to 3 years based on estimates from 8 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!
Earnings growth vs Low Risk Savings
- Energa'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
- Energa's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
- Energa's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WSE:ENG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | -2.1% |
| WSE:ENG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 4.3% |
| Poland Electric Utilities Industry Earnings Growth Rate | Market Cap Weighted Average | 23.9% |
| Poland Electric Utilities Industry Revenue Growth Rate | Market Cap Weighted Average | 6.1% |
| Poland Market Earnings Growth Rate | Market Cap Weighted Average | 10.3% |
| Poland Market Revenue Growth Rate | Market Cap Weighted Average | 6.5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 13,015 | 3 | ||
| 2022-12-31 | 12,838 | 3 | ||
| 2021-12-31 | 13,490 | 1,894 | 691 | 5 |
| 2020-12-31 | 13,041 | 1,733 | 684 | 8 |
| 2019-12-31 | 12,377 | 1,615 | 676 | 7 |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 10,337 | 1,859 | 739 |
| 2018-09-30 | 10,418 | 2,009 | 899 |
| 2018-06-30 | 10,371 | 2,156 | 845 |
| 2018-03-31 | 10,466 | 2,434 | 738 |
| 2017-12-31 | 10,534 | 2,182 | 773 |
| 2017-09-30 | 10,525 | 2,214 | 632 |
| 2017-06-30 | 10,441 | 2,090 | 754 |
| 2017-03-31 | 10,270 | 2,054 | 453 |
| 2016-12-31 | 10,181 | 1,782 | 151 |
| 2016-09-30 | 10,220 | 1,603 | 207 |
| 2016-06-30 | 10,316 | 1,401 | 183 |
| 2016-03-31 | 10,512 | 1,280 | 488 |
*GAAP earnings excluding extraordinary items.
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 8 Analyst Estimates (S&P Global) | See Below |
All data from Energa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 1.66 | 2.12 | 1.40 | 4.00 |
| 2020-12-31 | 1.45 | 1.57 | 1.30 | 4.00 |
| 2019-12-31 | 1.46 | 1.58 | 1.36 | 4.00 |
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.79 |
| 2018-09-30 | 2.17 |
| 2018-06-30 | 2.04 |
| 2018-03-31 | 1.78 |
| 2017-12-31 | 1.87 |
| 2017-09-30 | 1.53 |
| 2017-06-30 | 1.82 |
| 2017-03-31 | 1.09 |
| 2016-12-31 | 0.36 |
| 2016-09-30 | 0.50 |
| 2016-06-30 | 0.44 |
| 2016-03-31 | 1.18 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Energa's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Energa 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 Energa 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
Past Earnings growth analysis
- Energa's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Energa's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Energa's 1-year earnings growth is negative, it can't be compared to the PL Electric Utilities industry average.
Earnings and Revenue History
All data from Energa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 10,337.00 | 739.00 | 732.00 | |
| 2018-09-30 | 10,418.00 | 899.00 | 716.00 | |
| 2018-06-30 | 10,371.00 | 845.00 | 701.00 | |
| 2018-03-31 | 10,466.00 | 738.00 | 694.00 | |
| 2017-12-31 | 10,534.00 | 773.00 | 689.00 | |
| 2017-09-30 | 10,525.00 | 632.00 | 688.00 | |
| 2017-06-30 | 10,441.00 | 754.00 | 685.00 | |
| 2017-03-31 | 10,270.00 | 453.00 | 688.00 | |
| 2016-12-31 | 10,181.00 | 151.00 | 677.00 | |
| 2016-09-30 | 10,220.00 | 207.00 | 699.00 | |
| 2016-06-30 | 10,316.00 | 183.00 | 704.00 | |
| 2016-03-31 | 10,512.00 | 488.00 | 699.00 | |
| 2015-12-31 | 10,804.00 | 832.00 | 699.00 | |
| 2015-09-30 | 10,754.72 | 870.12 | 713.14 | |
| 2015-06-30 | 10,728.49 | 916.45 | 706.21 | |
| 2015-03-31 | 10,755.02 | 1,024.18 | 705.51 | |
| 2014-12-31 | 10,590.00 | 985.00 | 684.00 | |
| 2014-09-30 | 10,684.05 | 979.28 | 697.56 | |
| 2014-06-30 | 10,926.21 | 829.68 | 715.25 | |
| 2014-03-31 | 11,243.41 | 893.87 | 715.76 | |
| 2013-12-31 | 11,429.25 | 769.61 | 737.19 | |
| 2013-09-30 | 11,473.12 | 547.24 | 739.54 | |
| 2013-06-30 | 11,351.11 | 504.61 | 727.91 | |
| 2013-03-31 | 11,205.11 | 379.89 | 735.29 | |
| 2012-12-31 | 11,176.80 | 460.40 | 730.14 |
*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.
- Energa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Energa used its assets more efficiently than the PL Electric Utilities industry average last year based on Return on Assets.
- Energa's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Energa's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Energa has a total score of 1/6, 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 Energa'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 Energa's finances.
The net worth of a company is the difference between its assets and liabilities.
- Energa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Energa's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x 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.
All data from Energa Company Filings, last reported 3 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 10,356.00 | 7,181.00 | 2,746.00 |
| 2018-09-30 | 10,321.00 | 7,340.00 | 2,975.00 |
| 2018-06-30 | 10,215.00 | 7,532.00 | 3,215.00 |
| 2018-03-31 | 9,916.00 | 7,426.00 | 3,347.00 |
| 2017-12-31 | 9,465.00 | 7,707.00 | 3,724.00 |
| 2017-09-30 | 9,241.00 | 7,940.00 | 3,642.00 |
| 2017-06-30 | 9,173.00 | 6,959.00 | 2,462.00 |
| 2017-03-31 | 9,120.00 | 7,143.00 | 2,444.00 |
| 2016-12-31 | 8,817.00 | 6,137.00 | 1,488.00 |
| 2016-09-30 | 8,732.00 | 5,178.00 | 457.00 |
| 2016-06-30 | 8,534.00 | 5,613.00 | 905.00 |
| 2016-03-31 | 8,846.00 | 5,774.00 | 1,354.00 |
| 2015-12-31 | 8,814.00 | 5,878.00 | 2,029.00 |
| 2015-09-30 | 8,700.10 | 5,940.38 | 2,143.93 |
| 2015-06-30 | 8,533.44 | 5,916.95 | 2,230.99 |
| 2015-03-31 | 8,895.27 | 5,843.16 | 2,723.46 |
| 2014-12-31 | 8,553.00 | 5,773.00 | 2,718.00 |
| 2014-09-30 | 8,384.22 | 5,955.36 | 2,726.24 |
| 2014-06-30 | 8,198.19 | 6,016.34 | 2,697.11 |
| 2014-03-31 | 8,390.12 | 5,193.61 | 2,103.77 |
| 2013-12-31 | 8,048.30 | 5,275.76 | 2,365.32 |
| 2013-09-30 | 7,865.57 | 5,304.40 | 2,347.49 |
| 2013-06-30 | 7,805.66 | 5,401.21 | 3,355.76 |
| 2013-03-31 | 7,895.94 | 5,379.59 | 4,263.86 |
| 2012-12-31 | 7,718.52 | 3,495.00 | 2,114.60 |
- Energa's level of debt (69.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (65.5% vs 69.3% today).
- Debt is well covered by operating cash flow (25.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
Financial health checks
We assess Energa's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Energa has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Energa'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
If you bought
PLN2,000 of
Energa
shares you are expected to receive
PLN0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Energa's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Energa'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.
| 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 8 Analyst Estimates (S&P Global) | See Below |
| Europe Electric Utilities Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 4.6% |
| Poland Market Average Dividend Yield | Market Cap Weighted Average of 205 Stocks | 3.3% |
| Poland Minimum Threshold Dividend Yield | 10th Percentile | 1.4% |
| Poland Bottom 25% Dividend Yield | 25th Percentile | 2.7% |
| Poland Top 25% Dividend Yield | 75th Percentile | 7.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in PLN) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.08 | 4.00 |
| 2020-12-31 | 0.00 | 5.00 |
| 2019-12-31 | 0.00 | 5.00 |
| Date (Data in PLN) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-14 | 0.000 | 0.000 |
| 2018-11-08 | 0.000 | 0.000 |
| 2018-08-09 | 0.000 | 0.000 |
| 2018-05-10 | 0.000 | 0.000 |
| 2018-03-15 | 0.000 | 0.000 |
| 2017-08-09 | 0.190 | 1.531 |
| 2016-08-11 | 0.490 | 5.268 |
| 2016-03-14 | 0.490 | 4.634 |
| 2015-05-12 | 1.440 | 8.829 |
| 2015-03-12 | 1.440 | 5.745 |
| 2014-03-07 | 1.000 | 4.737 |
| 2013-12-11 | 1.200 | 7.241 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Energa has not reported any payouts.
- Unable to verify if Energa's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Energa's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Energa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Energa 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
CEO
| COMPENSATION | PLN741,200 |
| TENURE AS CEO | 0.7 years |
CEO Bio
Ms. Alicja Barbara Klimiuk has been an Acting Chief Executive Officer of Energa SA since August, 2018 and serves as its Chief Operating Officer. Ms. Klimiuk serves as an Acting President of the Management Board at Energa SA and served as its Acting CEO until July 2, 2018. She served as Vice-President of Operations at Energa SA. Ms. Klimiuk serves as President at ENERGA-OPERATOR SA. She graduated from the Management Department of the University of Gdansk. She completed the Post-Graduate Course in Management at the Warsaw School of Economics and the Post-Graduate Course in Controlling in Corporate Management at the University of Gdansk.
CEO Compensation
- Insufficient data for Alicja to compare compensation growth.
- Alicja's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure
Average tenure of the Energa management team in years:
- The tenure for the Energa management team is about average.
Management Team
Alicja Klimiuk
Acting President of Management Board
PLN741K
0.7 yrs
Jacek Koscielniak
VP of Financial Matters & Member of Management Board
PLN797K
2.2 yrs
Grzegorz Ksepko
VP of Corporate Matters & Member of Management Board
PLN729K
3.2 yrs
Agnieszka Terlikowska-Kulesza
Secretary of Supervisory Board
PLN79K
Malgorzata Guzinska-Blonska
Manager of the Financial Reporting Unit & Chief Accountant
Aleksander Korsak
Head of Investor Relations
Roman Staskiewicz
President of Energa Obrót
Board of Directors Tenure
Average tenure of the Energa board of directors in years:
- The tenure for the Energa board of directors is about average.
Board of Directors
Paula Ziemiecka-Ksiezak
Chairwoman of Supervisory Board
PLN90K
3.4 yrs
Zbigniew Wtulich
Deputy Chairman of Supervisory Board
PLN79K
3.8 yrs
Agnieszka Terlikowska-Kulesza
Secretary of Supervisory Board
PLN79K
1.8 yrs
Marek Szczepaniec
Member of Supervisory Board
PLN79K
3.3 yrs
Maciej Zóltkiewicz
Member of Supervisory Board
PLN79K
3.3 yrs
Andrzej Powalowski
Member of Supervisory Board
PLN79K
3.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Energa's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Energa 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
Those Who Purchased Energa (WSE:ENG) Shares Five Years Ago Have A 55% Loss To Show For It
By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Looking back five years, both Energa's share price and EPS declined; the latter at a rate of 0.8% per year. … Readers should note that the share price has fallen faster than the EPS, at a rate of 15% per year, over the period.
Simply Wall St - – Full articleWhat Can We Expect From Energa SA's (WSE:ENG) Earnings In Next 12 Months?
On 31 December 2018, Energa SA (WSE:ENG) released its most recent earnings update. … with profits predicted to drop by -1.6% next year.
Simply Wall St - – Full articleDoes Energa SA (WSE:ENG) Have A Good P/E Ratio?
We'll show how you can use Energa SA's (WSE:ENG) P/E ratio to inform your assessment of the investment opportunity. … Energa has a price to earnings ratio of 4.24, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleEnerga SA (WSE:ENG): Time For A Financial Health Check
While small-cap stocks, such as Energa SA (WSE:ENG) with its market cap of zł4.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is
Simply Wall St - – Full articleCalculating The Fair Value Of Energa SA (WSE:ENG)
by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleDo You Know Energa SA’s (WSE:ENG) Cash Situation?
I will take you through Energa’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … What is free cash flow. … Energa’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Simply Wall St - – Full articleDo Directors Own Energa SA (WSE:ENG) Shares?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Energa has a market capitalization of zł3.7b, so we would expect some institutional investors to have noticed the stock. … institutional investors have bought into the company.
Simply Wall St - – Full articleExamining Energa SA’s (WSE:ENG) Weak Return On Capital Employed
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDoes Energa SA's (WSE:ENG) P/E Ratio Signal A Buying Opportunity?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Energa SA's (WSE:ENG) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhere Energa SA (WSE:ENG) Stands In Terms Of Earnings Growth Against Its Industry
Assessing Energa SA's (WSE:ENG) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Energa is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its electric utilities industry peers. … Did ENG's recent earnings growth beat the long-term trend and the industry.
Simply Wall St - – Full articleCompany Info
Description
Energa SA, together with its subsidiaries, generates, distributes, and sells electricity and heat in Poland. The company operates through Distribution, Generation, and Sales segments. It operates coal, hydropower, wind, biomass, and photovoltaic power plants with a total installed generation capacity of approximately 1.3 gigawatt of electrical power; and supplies electricity to approximately 3 million customers. It also sells electricity and gas to approximately 3 million customers. As of December 31, 2017, the company had 185 thousand kilometers of the power lines. The company was founded in 2006 and is based in Gdansk, Poland.
Details
| Name: | Energa SA |
| ENG | |
| Exchange: | WSE |
| Founded: | 2006 |
| PLN3,273,200,536 | |
| 414,067,114 | |
| Website: | http://www.energa.pl |
| Address: |
Energa SA al. Grunwaldzka 472, Gdansk, 80-309, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | ENG | Bearer Shares | Warsaw Stock Exchange | PL | PLN | 11. Dec 2013 | |
| DB | EN2 | Bearer Shares | Deutsche Boerse AG | DE | EUR | 11. Dec 2013 | |
| LSE | 0QX7 | Bearer Shares | London Stock Exchange | GB | PLN | 11. Dec 2013 |
Number of employees
Current staff
Industry
| Electric Utilities | |
| Utilities |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 21:52 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/03/14 |
| Last earnings reported: | 2018/12/31 |
| 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.
