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Pfleiderer Group Spólka Akcyjna

DB:1PG
Snowflake Description

Second-rate dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1PG
DB
PLN1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Pfleiderer Group Spólka Akcyjna engages in the manufacture and veneering of wood and wood-based products for furniture, interior, and construction industries in Poland and internationally. The last earnings update was 18 days ago. More info.


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1PG Share Price and Events
7 Day Returns
0%
DB:1PG
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-21.4%
DB:1PG
-11.9%
Europe Forestry
3%
DE Market
1PG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pfleiderer Group Spólka Akcyjna (1PG) 0% 0% -3.3% -21.4% -25.9% -
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 1PG underperformed the Forestry industry which returned -11.9% over the past year.
  • 1PG underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
1PG
Industry
5yr Volatility vs Market

Value

 Is Pfleiderer Group Spólka Akcyjna 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 Pfleiderer Group Spólka Akcyjna 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 Pfleiderer Group Spólka Akcyjna.

DB:1PG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:1PG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 19%) (162.96%))
2.456
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 7.14%)
14.51%

Discounted Cash Flow Calculation for DB:1PG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pfleiderer Group Spólka Akcyjna 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:1PG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.51%)
2020 28.50 Analyst x1 24.89
2021 41.27 Analyst x1 31.47
2022 51.04 Est @ 23.67% 33.99
2023 59.53 Est @ 16.63% 34.62
2024 66.50 Est @ 11.71% 33.78
2025 71.99 Est @ 8.27% 31.94
2026 76.21 Est @ 5.86% 29.52
2027 79.39 Est @ 4.17% 26.86
2028 81.76 Est @ 2.99% 24.15
2029 83.52 Est @ 2.16% 21.55
Present value of next 10 years cash flows €292.00
DB:1PG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €83.52 × (1 + 0.23%) ÷ (14.51% – 0.23%)
€586.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €586.21 ÷ (1 + 14.51%)10
€151.25
DB:1PG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €292.00 + €151.25
€443.25
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €443.25 / 51.76
€8.56
DB:1PG Discount to Share Price
Calculation Result
Exchange Rate EUR/PLN
(Reporting currency to currency of WSE:PFL)
4.299
Value per Share
(PLN)
= Value per Share in EUR x Exchange Rate (EUR/PLN)
= €8.56 x 4.299
PLN36.81
Non-primary Listing Adjustment Factor 1 share in DB:1PG represents 0.22137x of WSE:PFL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.22137x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 36.81 x 0.22137
€8.15
Value per share (EUR) From above. €8.15
Current discount Discount to share price of €5.80
= -1 x (€5.80 - €8.15) / €8.15
28.8%

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

Current Discount
Amount off the current price Pfleiderer Group Spólka Akcyjna is available for.
Intrinsic value
29%
Share price is €5.8 vs Future cash flow value of €8.15
Current Discount Checks
For Pfleiderer Group Spólka Akcyjna to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pfleiderer Group Spólka Akcyjna's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pfleiderer Group Spólka Akcyjna's share price is below the future cash flow value, but not 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 Pfleiderer Group Spólka Akcyjna's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pfleiderer Group Spólka Akcyjna's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1PG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.21
WSE:PFL Share Price ** WSE (2019-09-16) in PLN PLN26.2
WSE:PFL Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.233 €6.09
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Pfleiderer Group Spólka Akcyjna.

DB:1PG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:PFL Share Price ÷ EPS (both in EUR)

= 6.09 ÷ -0.21

-29.33x

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

  • Pfleiderer Group Spólka Akcyjna is loss making, we can't compare its value to the Europe Forestry industry average.
  • Pfleiderer Group Spólka Akcyjna is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pfleiderer Group Spólka Akcyjna's expected growth come at a high price?
Raw Data
DB:1PG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -29.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
71.8%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Pfleiderer Group Spólka Akcyjna, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pfleiderer Group Spólka Akcyjna's assets?
Raw Data
DB:1PG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €2.29
WSE:PFL Share Price * WSE (2019-09-16) in PLN PLN26.2
WSE:PFL Share Price converted to EUR reporting currency Exchange rate (PLN/ EUR) 0.233 €6.09
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:1PG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:PFL Share Price ÷ Book Value per Share (both in EUR)

= 6.09 ÷ 2.29

2.67x

* Primary Listing of Pfleiderer Group Spólka Akcyjna.

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

  • Pfleiderer Group Spólka Akcyjna is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Pfleiderer Group Spólka Akcyjna'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Pfleiderer Group Spólka Akcyjna 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 Pfleiderer Group Spólka Akcyjna expected to perform in the next 1 to 3 years based on estimates from 4 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
71.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pfleiderer Group Spólka Akcyjna expected to grow at an attractive rate?
  • Pfleiderer Group Spólka Akcyjna's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pfleiderer Group Spólka Akcyjna's earnings growth is expected to exceed the Germany market average.
  • Pfleiderer Group Spólka Akcyjna's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1PG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1PG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 71.8%
DB:1PG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.8%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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
Raw Data
DB:1PG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1PG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,106 106 27 2
2020-12-31 1,085 101 32 4
2019-12-31 1,038 90 8 3
2019-10-13
DB:1PG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,052 72 -11
2019-03-31 1,056 71 -12
2018-12-31 1,062 72 6
2018-09-30 1,055 108 14
2018-06-30 1,034 125 4
2018-03-31 1,023 140 14
2017-12-31 1,006 133 17
2017-09-30 985 118 17
2017-06-30 977 118 26
2017-03-31 966 121 21
2016-12-31 930 123 15
2016-09-30 791 109 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pfleiderer Group Spólka Akcyjna's earnings are expected to grow significantly at over 20% yearly.
  • Pfleiderer Group Spólka Akcyjna's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
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
DB:1PG 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 4 Analyst Estimates (S&P Global) See Below

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

DB:1PG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.60 0.60 0.60 1.00
2020-12-31 0.50 0.50 0.50 1.00
2019-12-31 0.30 0.30 0.30 1.00
2019-10-13
DB:1PG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.21
2019-03-31 -0.23
2018-12-31 0.10
2018-09-30 0.23
2018-06-30 0.07
2018-03-31 0.22
2017-12-31 0.27
2017-09-30 0.27
2017-06-30 0.41
2017-03-31 0.32
2016-12-31 0.23
2016-09-30 0.39

*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.
  • Pfleiderer Group Spólka Akcyjna is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pfleiderer Group Spólka Akcyjna'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 Europe 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.
Pfleiderer Group Spólka Akcyjna 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 Pfleiderer Group Spólka Akcyjna 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 Pfleiderer Group Spólka Akcyjna's growth in the last year to its industry (Forestry).
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.
  • Pfleiderer Group Spólka Akcyjna does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pfleiderer Group Spólka Akcyjna's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pfleiderer Group Spólka Akcyjna's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Pfleiderer Group Spólka Akcyjna'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 Pfleiderer Group Spólka Akcyjna Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1PG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,051.57 -10.98 180.56 0.08
2019-03-31 1,056.02 -12.42 181.67 0.01
2018-12-31 1,062.47 5.91 181.32
2018-09-30 1,055.18 13.67 176.12 0.86
2018-06-30 1,033.55 4.29 179.77 0.86
2018-03-31 1,022.75 14.11 182.33 0.44
2017-12-31 1,006.40 17.14 183.76
2017-09-30 984.69 17.27 183.69
2017-06-30 977.16 26.26 175.97
2017-03-31 966.48 20.83 171.39
2016-12-31 929.59 14.75 160.95
2016-09-30 790.67 23.52 131.07
2016-06-30 642.69 19.45 102.39
2016-03-31 493.48 24.13 69.29
2015-12-31 374.16 26.81 42.93
2015-09-30 367.33 26.27 41.61
2015-06-30 367.87 27.21 40.83
2015-03-31 372.33 27.29 40.58
2014-12-31 355.11 24.08 39.03
2014-09-30 367.12 24.60 39.19
2014-06-30 371.38 23.08 38.68
2014-03-31 360.85 17.57 38.09
2013-12-31 351.94 13.24 38.14
2013-09-30 344.65 11.06 39.80
2013-06-30 331.70 7.46 39.15
2013-03-31 340.93 7.91 40.24
2012-12-31 350.40 7.49 39.93

*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.
  • It is difficult to establish if Pfleiderer Group Spólka Akcyjna has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pfleiderer Group Spólka Akcyjna used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • It is difficult to establish if Pfleiderer Group Spólka Akcyjna improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pfleiderer Group Spólka Akcyjna'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 Forestry 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.
Pfleiderer Group Spólka Akcyjna has a total score of 0/6, 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 Pfleiderer Group Spólka Akcyjna'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 Pfleiderer Group Spólka Akcyjna's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pfleiderer Group Spólka Akcyjna's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pfleiderer Group Spólka Akcyjna's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pfleiderer Group Spólka Akcyjna'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 0.4x 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 Pfleiderer Group Spólka Akcyjna Company Filings, last reported 3 months ago.

DB:1PG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 118.28 479.29 22.19
2019-03-31 120.11 463.05 21.75
2018-12-31 133.27 470.05 33.78
2018-09-30 148.52 457.83 41.67
2018-06-30 208.03 370.86 50.37
2018-03-31 227.92 367.92 57.58
2017-12-31 234.47 376.74 84.17
2017-09-30 274.89 363.63 86.20
2017-06-30 275.99 366.98 97.22
2017-03-31 285.08 358.04 87.17
2016-12-31 271.26 373.45 97.73
2016-09-30 271.26 362.45 77.07
2016-06-30 262.40 365.67 82.44
2016-03-31 277.75 357.51 69.57
2015-12-31 279.15 14.69 20.72
2015-09-30 197.96 23.04 5.01
2015-06-30 195.81 26.41 5.81
2015-03-31 195.27 28.66 5.59
2014-12-31 176.38 35.25 4.32
2014-09-30 174.18 42.63 6.76
2014-06-30 168.96 45.88 7.49
2014-03-31 161.41 53.55 5.13
2013-12-31 157.00 46.21 3.96
2013-09-30 176.71 58.90 25.45
2013-06-30 166.87 64.09 30.79
2013-03-31 170.34 67.64 32.05
2012-12-31 143.16 178.23 4.29
  • Pfleiderer Group Spólka Akcyjna's level of debt (405.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.1% vs 405.2% today).
  • Debt is not well covered by operating cash flow (15%, less than 20% of total debt).
  • Pfleiderer Group Spólka Akcyjna is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Pfleiderer Group Spólka Akcyjna'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. Pfleiderer Group Spólka Akcyjna has a total score of 0/6, 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 Pfleiderer Group Spólka Akcyjna'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
4.47%
Current annual income from Pfleiderer Group Spólka Akcyjna dividends. Estimated to be 2.36% next year.
If you bought €2,000 of Pfleiderer Group Spólka Akcyjna shares you are expected to receive €89 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?
  • Pfleiderer Group Spólka Akcyjna's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Pfleiderer Group Spólka Akcyjna's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
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
DB:1PG 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 4 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1PG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.21 2.00
2020-12-31 0.15 2.00
2019-12-31 0.00 1.00
2019-10-13
DB:1PG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-05-11 0.273 4.156
2017-05-11 0.255 2.758
2016-08-11 0.230 2.640
2016-03-21 0.224 3.370
2009-09-01 0.000 0.000
2009-08-24 0.000 0.000
2009-05-14 0.000 0.000
2009-04-29 0.000 0.000

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

  • Whilst dividend payments have been stable, Pfleiderer Group Spólka Akcyjna has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pfleiderer Group Spólka Akcyjna only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Pfleiderer Group Spólka Akcyjna's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Pfleiderer Group Spólka Akcyjna's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Pfleiderer Group Spólka Akcyjna afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pfleiderer Group Spólka Akcyjna has a total score of 3/6, 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 Pfleiderer Group Spólka Akcyjna'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
Zbigniew Prokopowicz
COMPENSATION €0
AGE 52
CEO Bio

Mr. Zbigniew Prokopowicz serves as Interim President of Management Board of Pfleiderer Group Spólka Akcyjna from September 11, 2019 and serves as its Chief Executive Officer. He has been its Chairman of Supervisory Board at Pfleiderer Group Spólka Akcyjna (alternate name: Pfleiderer Grajewo SA) since June 29, 2016 and has been its Member of Supervisory Board since February 19, 2016. Mr. Prokopowicz served as Vice Chairman of Supervisory Board at Pfleiderer Group Spólka Akcyjna from March 2, 2016 to June 29, 2016. Mr Prokopowicz was the President of the management board of Polenergia SA from 2008 to 2016. He held the position of chairman of the supervisory board of Polenergia SA from 2004 to 2007. He performed the function of chairman of the supervisory board of Opoczno SA from 2004 to 2007. He was the chairman of the supervisory board of DGS S.A from 2005- 2008 and the president of its management board. He has managed companies in a variety of industries, e.g. automotive, paper, packaging and energy. Prior to joining Polenergia SA, he was the president of the management board of Mondi Packaging (Anglo American Plc) in Poland as well as in Great Britain. Mr Prokopowicz is a graduate of Paris-Dauphine University and an MBA graduate of Paris Institute of Political Studies. He also studied at the Main School of Planning and Statistics (at present the Warsaw School of Economics).

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

Average tenure of the Pfleiderer Group Spólka Akcyjna management team in years:

0.4
Average Tenure
  • The average tenure for the Pfleiderer Group Spólka Akcyjna management team is less than 2 years, this suggests a new team.
Management Team

Zbigniew Prokopowicz

TITLE
Interim President of Management Board
AGE
52

Nico Reiner

TITLE
CFO & Member of the Management Board
AGE
50
TENURE
1.5 yrs

Stefan Zinn

TITLE
Member of Management Board & Chief Commercial Officer
TENURE
0.4 yrs

Frank Herrmann

TITLE
Member of Management Board & COO
TENURE
0.4 yrs

Ewa Stanska

TITLE
Director of Accounting & Tax Department Capital Group

Bartek Godlewski

TITLE
Director of Investor Relations

Wojciech Kalinowski

TITLE
Deputy Finance Director and Head of Treasury

Tomasz Zowade

TITLE
President of Silekol SP ZOO

Krzysztof Brzostek

TITLE
President of Jura Polska SP ZOO
Board of Directors Tenure

Average tenure and age of the Pfleiderer Group Spólka Akcyjna board of directors in years:

4.2
Average Tenure
53.5
Average Age
  • The tenure for the Pfleiderer Group Spólka Akcyjna board of directors is about average.
Board of Directors

Michael Keppel

TITLE
Vice Chairman of Supervisory Board
AGE
55
TENURE
4.7 yrs

Zbigniew Prokopowicz

TITLE
Interim President of Management Board
AGE
52
TENURE
3.3 yrs

John Brantl

TITLE
Deputy Chairman of the Supervisory Board

Krzysztof Sedzikowski

TITLE
Member of Supervisory Board
AGE
60
TENURE
3.7 yrs

Jan Wozniak

TITLE
Member of the Supervisory Board
AGE
48
TENURE
9.8 yrs

Anthony O'Carroll

TITLE
Member of the Supervisory Board
TENURE
6.3 yrs

Julian Von Martius

TITLE
Member of Supervisory Board
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Pfleiderer Group Spólka Akcyjna'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. Pfleiderer Group Spólka Akcyjna 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

Company Info

Description

Pfleiderer Group Spólka Akcyjna engages in the manufacture and veneering of wood and wood-based products for furniture, interior, and construction industries in Poland and internationally. It offers laminated boards, edge bandings, pyroex non-inflammable laminated boards, worktops, HPL laminates, HDF lacquered boards, raw HDF boards, finish foils, construction chipboards, melamine-faced chipboards, artificial plasters, and other wood-based materials. The company also provides dyes and pigments, paints and varnishes, glues, gelatins, and other organic and inorganic chemicals; and generates and distributes heat. In addition, it is involved in the paper finishing activities; road transport of goods with specialized and universal vehicles; lease of trucks; and investment –related activities. The company was formerly known as Pfleiderer Grajewo S.A. and changed its name to Pfleiderer Group Spólka Akcyjna in September 2016. Pfleiderer Group Spólka Akcyjna is based in Grajewo, Poland.

Details
Name: Pfleiderer Group Spólka Akcyjna
1PG
Exchange: DB
Founded:
PLN315,460,859
51,760,806
Website: http://www.pfleiderer.com/pl
Address: Pfleiderer Group Spólka Akcyjna
ul. Wiórowa 1,
Grajewo,
19-203,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PFL Ordinary Bearer Shares Warsaw Stock Exchange PL PLN 15. May 1997
DB 1PG Ordinary Bearer Shares Deutsche Boerse AG DE EUR 15. May 1997
Number of employees
Current staff
Staff numbers
3,735
Pfleiderer Group Spólka Akcyjna employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 23:46
End of day share price update: 2019/09/16 00:00
Last estimates confirmation: 2019/09/03
Last earnings filing: 2019/09/25
Last earnings reported: 2019/06/30
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.