Loading...

We've got a brand new version of Simply Wall St! Try it out

Play Communications

DB:1P1
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1P1
DB
PLN8B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Play Communications S.A. provides mobile telecommunications services in Poland. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
1P1 Share Price and Events
7 Day Returns
6%
DB:1P1
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
94.5%
DB:1P1
1.1%
Europe Wireless Telecom
9.9%
DE Market
1P1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Play Communications (1P1) 6% 8.7% -1.4% 94.5% - -
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 1P1 outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • 1P1 outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
1P1
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Play Communications 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 Play Communications 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 Play Communications.

DB:1P1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 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:1P1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 26.01%) (84.12%))
0.696
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)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:1P1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Play Communications 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:1P1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 5%)
2020 280.28 Analyst x8 266.94
2021 1,234.11 Analyst x7 1,119.46
2022 509.03 Analyst x4 439.77
2023 1,135.38 Analyst x4 934.22
2024 1,321.48 Est @ 16.39% 1,035.61
2025 1,474.00 Est @ 11.54% 1,100.18
2026 1,594.10 Est @ 8.15% 1,133.20
2027 1,686.12 Est @ 5.77% 1,141.58
2028 1,755.39 Est @ 4.11% 1,131.93
2029 1,807.08 Est @ 2.94% 1,109.81
Present value of next 10 years cash flows PLN9,412.00
DB:1P1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN1,807.08 × (1 + 0.23%) ÷ (5% – 0.23%)
PLN37,986.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN37,986.62 ÷ (1 + 5%)10
PLN23,329.38
DB:1P1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN9,412.00 + PLN23,329.38
PLN32,741.38
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN32,741.38 / 254.13
PLN128.84
DB:1P1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1P1 represents 0.22889x of WSE:PLY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.22889x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (PLN) x Listing Adjustment Factor
= PLN 128.84 x 0.22889
€29.49
Value per share (EUR) From above. €29.49
Current discount Discount to share price of €7.27
= -1 x (€7.27 - €29.49) / €29.49
75.4%

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

Current Discount
Amount off the current price Play Communications is available for.
Intrinsic value
>50%
Share price is €7.27 vs Future cash flow value of €29.49
Current Discount Checks
For Play Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Play Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Play Communications'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 Play Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Play Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1P1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PLN PLN3.55
WSE:PLY Share Price ** WSE (2019-11-18) in PLN PLN31.74
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of Play Communications.

DB:1P1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 31.74 ÷ 3.55

8.93x

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

  • Play Communications is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Play Communications is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Play Communications's expected growth come at a high price?
Raw Data
DB:1P1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
4.4%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:1P1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.93x ÷ 4.4%

2.02x

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

  • Play Communications is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Play Communications's assets?
Raw Data
DB:1P1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PLN PLN0.57
WSE:PLY Share Price * WSE (2019-11-18) in PLN PLN31.74
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:1P1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 31.74 ÷ 0.57

55.63x

* Primary Listing of Play Communications.

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

  • Play Communications is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Play Communications'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 Wireless Telecom 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 Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Play Communications has a total score of 4/6, 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 Play Communications expected to perform in the next 1 to 3 years based on estimates from 13 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
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Play Communications expected to grow at an attractive rate?
  • Play Communications's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Play Communications's earnings growth is positive but not above the Germany market average.
  • Play Communications's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1P1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1P1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 4.4%
DB:1P1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.7%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:1P1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1P1 Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,521 2,498 1,076 5
2022-12-31 7,424 2,073 1,024 5
2021-12-31 7,355 2,102 969 11
2020-12-31 7,195 2,020 931 13
2019-12-31 7,041 2,030 899 6
2019-11-18
DB:1P1 Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-09-30 7,048 2,300 903
2019-06-30 6,959 2,085 859
2019-03-31 6,888 2,158 805
2018-12-31 6,839 2,037 745
2018-09-30 6,772 2,029 685
2018-06-30 6,786 1,672 682
2018-03-31 6,726 1,559 522
2017-12-31 6,670 1,389 387
2017-09-30 6,551 1,403 394
2017-06-30 6,396 1,742 593
2017-03-31 6,256 1,632 594
2016-12-31 6,118 1,588 712

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Play Communications's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • Play Communications's revenue is expected to grow by 1.7% 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:1P1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Play Communications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1P1 Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.19 5.16 3.50 3.00
2022-12-31 4.03 4.91 3.50 3.00
2021-12-31 3.83 4.40 3.36 8.00
2020-12-31 3.65 3.90 3.12 9.00
2019-12-31 3.53 3.59 3.47 5.00
2019-11-18
DB:1P1 Past Financials Data
Date (Data in PLN Millions) EPS *
2019-09-30 3.55
2019-06-30 3.38
2019-03-31 3.17
2018-12-31 2.93
2018-09-30 2.70
2018-06-30 2.69
2018-03-31 2.06
2017-12-31 1.54
2017-09-30 1.56
2017-06-30 2.37
2017-03-31 47,485.48
2016-12-31 2.84

*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.
  • Play Communications is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Play Communications'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.
Play Communications 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.

Past Performance

  How has Play Communications 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 Play Communications's growth in the last year to its industry (Wireless Telecom).
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.
  • Play Communications's year on year earnings growth rate has been positive over the past 5 years.
  • Play Communications's 1-year earnings growth exceeds its 5-year average (31.7% vs 9%)
  • Play Communications's earnings growth has exceeded the Europe Wireless Telecom industry average in the past year (31.7% vs 21%).
Earnings and Revenue History
Play Communications'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 Play Communications Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1P1 Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 7,048.06 902.71 912.30
2019-06-30 6,958.66 859.41 886.95
2019-03-31 6,887.73 805.34 879.05
2018-12-31 6,839.15 744.60 866.34
2018-09-30 6,771.54 685.26 849.07
2018-06-30 6,785.71 682.42 878.85
2018-03-31 6,726.38 521.76 1,119.78
2017-12-31 6,669.86 387.35 1,165.85
2017-09-30 6,550.60 394.00 1,178.07
2017-06-30 6,395.69 593.43 1,178.18
2017-03-31 6,255.75 593.62 936.02
2016-12-31 6,117.56 711.99 857.53
2016-09-30 5,962.07 662.04 834.38
2016-06-30 5,784.53 381.93 828.87
2016-03-31 5,625.56 429.76 854.18
2015-12-31 5,436.50 550.28 887.69
2015-09-30 5,177.37 511.59 849.20
2015-06-30 4,935.05 520.07 856.50
2015-03-31 4,659.85 712.35 882.43
2014-12-31 4,589.67 498.86 852.44
2014-09-30 4,166.17 558.21 951.23
2014-06-30 3,957.25 570.37 930.21
2014-03-31 3,804.50 261.66 894.23
2013-12-31 3,720.28 200.93 866.25
2012-12-31 3,579.34 200.53 865.21

*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.
  • Whilst Play Communications made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Play Communications used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Play Communications has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Play Communications'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 Wireless Telecom 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.
Play Communications has a total score of 5/6, 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 Play Communications'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 Play Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Play Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Play Communications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Play Communications'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 Play Communications Company Filings, last reported 1 month ago.

DB:1P1 Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 145.00 5,774.21 45.85
2019-06-30 -92.40 5,846.98 127.04
2019-03-31 16.96 5,836.48 334.17
2018-12-31 -200.54 6,033.65 353.69
2018-09-30 -395.50 6,030.95 153.80
2018-06-30 -596.14 6,233.31 179.95
2018-03-31 -119.10 6,214.03 537.89
2017-12-31 -212.58 6,390.01 628.73
2017-09-30 -363.40 6,386.29 331.70
2017-06-30 1,395.87 6,380.68 2,487.79
2017-03-31 1,361.10 6,363.71 183.17
2016-12-31 1,342.61 4,610.85 340.99
2016-09-30 1,193.14 4,522.57 55.80
2016-06-30 806.72 4,768.09 29.87
2016-03-31 767.50 4,746.08 46.64
2015-12-31 630.62 4,432.47 1,556.80
2015-09-30 511.19 4,347.23 809.32
2015-06-30 376.91 4,358.81 849.53
2015-03-31 291.79 4,193.53 774.87
2014-12-31 72.15 3,864.63 497.98
2014-09-30 -29.36 3,733.84 307.63
2014-06-30 553.86 3,769.44 285.36
2014-03-31 961.23 2,498.22 307.51
2013-12-31 961.23 2,439.26 307.51
2012-12-31 760.30 2,159.98 322.09
  • Play Communications's level of debt (3982.1%) compared to net worth is high (greater than 40%).
  • Play Communications had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (39.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Play Communications'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. Play Communications has a total score of 4/6, 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 Play Communications'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
4.57%
Current annual income from Play Communications dividends. Estimated to be 4.83% next year.
If you bought €2,000 of Play Communications shares you are expected to receive €91 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?
  • Play Communications's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Play Communications's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
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:1P1 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 13 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:1P1 Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.84 3.00
2022-12-31 1.70 4.00
2021-12-31 1.61 10.00
2020-12-31 1.43 12.00
2019-12-31 1.44 11.00
2019-11-18
DB:1P1 Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-04-10 1.450 4.981
2018-04-12 2.570 12.006

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

  • Play Communications has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Play Communications has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Play Communications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Play Communications'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 Play Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Play Communications has a total score of 4/6, 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 Play Communications'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
Jean-Marc Harion
AGE 61
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jean-Marc Harion has been the Chief Executive Officer and Chairman of Management Board at Play Communications S.A., since July 1, 2018. He served as Chief Executive Officer at Orange Egypt for Telecommunications S.A.E. since September 1, 2016 and served its Director. Mr. Harion served as the Chief Executive Officer of Mobistar SA/NV (now Orange Belgium S.A.) since December 1, 2011 until August 31, 2016. He served as Executive Director of Orange Belgium S.A. since December 1, 2011. With over 25 years of experience within the telecommunications sector, he previously served as Chief Executive Officer of Orange Dominica. His prior experience includes a wide-range of position across the entire Orange Group, which includes the post of Vice President of the French Business Development for Communications in New York, USA. He also served as Vice President of the commercial sector in Orange France in Paris and Director of operations and data services for Orange group in London. He holds a master’s degree in information management from the Institut d’Etudes Politiques de Paris and a master and post-graduate degree in linguistics from the Université Libre de Bruxelles.

CEO Compensation
  • Insufficient data for Jean-Marc to compare compensation growth.
  • Insufficient data for Jean-Marc to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Play Communications management team in years:

1
Average Tenure
48.5
Average Age
  • The average tenure for the Play Communications management team is less than 2 years, this suggests a new team.
Management Team

Jean-Marc Harion

TITLE
Chairman of the Management Board & CEO
AGE
61
TENURE
1.3 yrs

Holger Püchert

TITLE
CFO & Member of Management Board
AGE
53
TENURE
2.7 yrs

Michal Wawrzynowicz

TITLE
Chief Commercial Officer
AGE
47
TENURE
12.4 yrs

Michal Ziolkowski

TITLE
CTO & Member of the Management Board
AGE
39
TENURE
1 yrs

Wojciech Danieluk

TITLE
Chief Information & Transformation Officer
AGE
46
TENURE
1 yrs

Piotr Kuriata

TITLE
Chief Business Development & Regulatory Officer
AGE
46
TENURE
0.8 yrs

Tomasz Pozniak

TITLE
Investor Relations Director

Mikkel Noesgaard

TITLE
Chief Marketing Officer
TENURE
0.8 yrs

Jørgen Bang-Jensen

TITLE
Senior Advisor
AGE
63
TENURE
1.3 yrs

Jacek Nieweglowski

TITLE
AGE
50
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Play Communications board of directors in years:

2.4
Average Tenure
57
Average Age
  • The average tenure for the Play Communications board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ioannis Karagiannis

TITLE
Chairman of the Board
AGE
57

Graham McInroy

TITLE
Deputy Chairman of the Board
AGE
59

Andrzej Klesyk

TITLE
Independent Director
AGE
55
TENURE
2.4 yrs

Andrzej Olechowski

TITLE
Independent Director
AGE
72
TENURE
2.4 yrs

Serdar Çetin

TITLE
Director
AGE
42
TENURE
2.4 yrs

Patrick Tillieux

TITLE
Director
AGE
62
TENURE
2.4 yrs

Vasili Billis

TITLE
Director
AGE
51
TENURE
2.4 yrs

Rouben Bourlas

TITLE
Director
TENURE
1.3 yrs

Dominik Libicki

TITLE
Non Executive Director
TENURE
0.1 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 Play Communications'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. Play Communications 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

Play Communications S.A. provides mobile telecommunications services in Poland. The company offers mobile voice, messaging, data, and video services to consumers and businesses on a contract and prepaid basis under the Play brand; and value added services, as well as sells handsets and other devices. As of December 31, 2018, it had approximately 15 million subscribers; and operated 799 dedicated Play branded stores. The company was formerly known as Play Holdings 2 S.à r.l. and changed its name to Play Communications S.A. in June 2017. Play Communications S.A. was founded in 2005 and is based in Luxembourg.

Details
Name: Play Communications S.A.
1P1
Exchange: DB
Founded: 2005
PLN1,878,898,400
254,133,618
Website: http://www.playcommunications.com
Address: Play Communications S.A.
4/6, rue du Fort Bourbon,
Luxembourg,
1249,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PLY Share Capital Warsaw Stock Exchange PL PLN 27. Jul 2017
DB 1P1 Share Capital Deutsche Boerse AG DE EUR 27. Jul 2017
LSE 0RU1 Share Capital London Stock Exchange GB PLN 27. Jul 2017
Number of employees
Current staff
Staff numbers
2,600
Play Communications employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:16
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
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.