WSE:MDI

Stock Analysis Report

Executive Summary

MDI Energia S.A. engages in the renewable energy business in Poland and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with concerning outlook.

Share Price & News

How has MDI Energia's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

MDI

2.3%

PL Renewable Energy

1.2%

PL Market


1 Year Return

3.3%

MDI

13.0%

PL Renewable Energy

-3.7%

PL Market

Return vs Industry: MDI underperformed the Polish Renewable Energy industry which returned 13% over the past year.

Return vs Market: MDI exceeded the Polish Market which returned -3.7% over the past year.


Shareholder returns

MDIIndustryMarket
7 Day0%2.3%1.2%
30 Day12.6%-0.6%-2.9%
90 Day4.2%2.6%-6.8%
1 Year3.3%3.3%16.3%13.0%-0.8%-3.7%
3 Year-1.3%-6.3%71.6%59.2%11.5%3.5%
5 Yearn/a64.4%46.6%-0.9%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is MDI Energia undervalued compared to its fair value and its price relative to the market?

93.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MDI (PLN3.75) is trading above our estimate of fair value (PLN0.35)

Significantly Undervalued: MDI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MDI is poor value based on its PE Ratio (93.8x) compared to the Renewable Energy industry average (20.5x).

PE vs Market: MDI is poor value based on its PE Ratio (93.8x) compared to the Polish market (9.9x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MDI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MDI is overvalued based on its PB Ratio (5.6x) compared to the XE Renewable Energy industry average (1.5x).


Next Steps

Future Growth

How is MDI Energia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MDI's forecast earnings growth (3.9% per year) is above the savings rate (2.9%).

Earnings vs Market: MDI's earnings (3.9% per year) are forecast to grow slower than the Polish market (10.7% per year).

High Growth Earnings: MDI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MDI's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if MDI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MDI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MDI Energia performed over the past 5 years?

27.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MDI has become profitable over the past 5 years, growing earnings by 27.1% per year.

Accelerating Growth: MDI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MDI had negative earnings growth (-1%) over the past year, making it difficult to compare to the Renewable Energy industry average (16.4%).


Return on Equity

High ROE: MDI's Return on Equity (6.6%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is MDI Energia's financial position?


Financial Position Analysis

Short Term Liabilities: MDI's short term assets (PLN102.1M) exceeds its short term liabilities (PLN73.0M)

Long Term Liabilities: MDI's short term assets (102.1M) exceeds its long term liabilities (10.5M)


Debt to Equity History and Analysis

Debt Level: MDI's debt to equity ratio (129.4%) is considered high

Reducing Debt: Insufficient data to determine if MDI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MDI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet

Inventory Level: MDI has a low level of unsold assets or inventory.

Debt Coverage by Assets: MDI's debt is covered by short term assets (assets are 2.805660x debt).


Next Steps

Dividend

What is MDI Energia's current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.6%markettop25%7.2%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MDI's dividend (2.13%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.56%).

High Dividend: MDI's dividend (2.13%) is low compared to the top 25% of dividend payers in the Polish market (7.2%).

Stable Dividend: MDI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MDI has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (200.2%), MDI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

MDI Energia has no CEO, or we have no data on them.


Management Age and Tenure

4.2yrs

Average Tenure

Experienced Management: MDI's management team is considered experienced (4.2 years average tenure).


Board Age and Tenure

4.2yrs

Average Tenure

Experienced Board: MDI's board of directors are considered experienced (4.2 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

  • Jaroslaw Karasinski (52yo)

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 0yrs
  • Grzegorz Sochacki

    President of the Management Board

    • Tenure: 3.8yrs
  • Miroslaw Markiewicz

    Vice President of the Management Board

    • Tenure: 4.2yrs
  • Magdalena Bartkowiak

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Jaroslaw Karasinski (52yo)

    Secretary of the Supervisory Board & Member of Supervisory Board

    • Tenure: 0yrs
  • Grzegorz Kubica

    Member of Supervisory Board

    • Tenure: 4yrs
  • Piotr Gajek

    Member of Supervisory Board

    • Tenure: 4.2yrs
  • Jaroslaw Wikalinski

    Chairman of Supervisory Board

    • Tenure: 4.2yrs
  • Michal Barlowski

    Member of Supervisory Board

    • Tenure: 4.2yrs

Company Information

MDI Energia S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MDI Energia S.A.
  • Ticker: MDI
  • Exchange: WSE
  • Founded:
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: zł157.907m
  • Shares outstanding: 42.11m
  • Website: https://www.mdienergia.pl

Location

  • MDI Energia S.A.
  • Al. Wyscigowa 6
  • Warsaw
  • 02-681
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MDIWSE (Warsaw Stock Exchange)YesShare CapitalPLPLNDec 2015

Biography

MDI Energia S.A. engages in the renewable energy business in Poland and internationally. The company is primarily involved in the wind farm and biogas power plant projects, as well as the photovoltaic inst ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:39
End of Day Share Price2019/10/17 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.