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Zwack Unicum Nyrt

BUSE:ZWACK
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZWACK
BUSE
HUF35B
Market Cap
  1. Home
  2. HU
  3. Food, Beverage & Tobacco
Company description

Zwack Unicum Nyrt. manufactures and distributes alcoholic beverages in Hungary. The last earnings update was 107 days ago. More info.


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ZWACK Share Price and Events
7 Day Returns
0.6%
BUSE:ZWACK
-0.4%
Europe Beverage
1.6%
HU Market
1 Year Returns
5.4%
BUSE:ZWACK
10.8%
Europe Beverage
10.3%
HU Market
ZWACK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zwack Unicum Nyrt (ZWACK) 0.6% 2.6% 6% 5.4% 2.8% 26.7%
Europe Beverage -0.4% -5.8% -8.7% 10.8% 12% 20.1%
HU Market 1.6% 5.6% 10.9% 10.3% 45% 139.3%
1 Year Return vs Industry and Market
  • ZWACK underperformed the Beverage industry which returned 10.8% over the past year.
  • ZWACK underperformed the Market in Hungary which returned 10.3% over the past year.
Price Volatility
ZWACK
Industry
5yr Volatility vs Market

Value

 Is Zwack Unicum Nyrt 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 Zwack Unicum Nyrt 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 Zwack Unicum Nyrt.

BUSE:ZWACK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in HUF HUF 1300.000000
Payout Ratio Company Filings (2019-06-30) 8645.5%
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year HU Government Bond Rate 3%

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 BUSE:ZWACK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HU Govt Bond Rate 3%
Equity Risk Premium S&P Global 9%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.504 (1 + (1- 9%) (0%))
0.576
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)
= 2.96% + (0.8 * 9.02%)
10.18%

Discounted Cash Flow Calculation for BUSE:ZWACK using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Zwack Unicum Nyrt is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BUSE:ZWACK Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HUF1300 / (10.18% - 2.96%)
HUF18015.52
BUSE:ZWACK Discount to Share Price
Calculation Result
Value per share (HUF) From above. HUF18,015.52
Current discount Discount to share price of HUF17,550.00
= -1 x (HUF17,550.00 - HUF18,015.52) / HUF18,015.52
2.6%

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

Current Discount
Amount off the current price Zwack Unicum Nyrt is available for.
Intrinsic value
3%
Share price is HUF17550 vs Future cash flow value of HUF18015.52
Current Discount Checks
For Zwack Unicum Nyrt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zwack Unicum Nyrt's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Zwack Unicum Nyrt'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 Zwack Unicum Nyrt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zwack Unicum Nyrt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BUSE:ZWACK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HUF HUF1,180.00
BUSE:ZWACK Share Price ** BUSE (2019-11-21) in HUF HUF17550
Europe Beverage Industry PE Ratio Median Figure of 58 Publicly-Listed Beverage Companies 21.39x
Hungary Market PE Ratio Median Figure of 25 Publicly-Listed Companies 14.87x

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

** Primary Listing of Zwack Unicum Nyrt.

BUSE:ZWACK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BUSE:ZWACK Share Price ÷ EPS (both in HUF)

= 17550 ÷ 1,180.00

14.87x

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

  • Zwack Unicum Nyrt is good value based on earnings compared to the Europe Beverage industry average.
  • Zwack Unicum Nyrt is good value based on earnings compared to the Hungary market.
Price based on expected Growth
Does Zwack Unicum Nyrt's expected growth come at a high price?
Raw Data
BUSE:ZWACK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.67x

*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 Zwack Unicum Nyrt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zwack Unicum Nyrt's assets?
Raw Data
BUSE:ZWACK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HUF HUF2,355.50
BUSE:ZWACK Share Price * BUSE (2019-11-21) in HUF HUF17550
Europe Beverage Industry PB Ratio Median Figure of 72 Publicly-Listed Beverage Companies 2.09x
Hungary Market PB Ratio Median Figure of 28 Publicly-Listed Companies 1.64x
BUSE:ZWACK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUSE:ZWACK Share Price ÷ Book Value per Share (both in HUF)

= 17550 ÷ 2,355.50

7.45x

* Primary Listing of Zwack Unicum Nyrt.

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

  • Zwack Unicum Nyrt is overvalued based on assets compared to the Europe Beverage industry average.
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Value checks
We assess Zwack Unicum Nyrt'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Zwack Unicum Nyrt has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Zwack Unicum Nyrt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zwack Unicum Nyrt has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
7.2%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zwack Unicum Nyrt expected to grow at an attractive rate?
  • Unable to compare Zwack Unicum Nyrt's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zwack Unicum Nyrt's earnings growth to the market average as no estimate data is available.
  • Unable to compare Zwack Unicum Nyrt's revenue growth to the Hungary market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BUSE:ZWACK Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Hungary Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
BUSE:ZWACK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BUSE:ZWACK Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2019-06-30 15,195 2,372 2,360
2019-03-31 15,739 3,071 2,623
2018-12-31 16,170 3,707 3,010
2018-09-30 14,844 3,151 2,429
2018-06-30 14,330 2,640 2,258
2018-03-31 13,958 2,804 2,186
2017-12-31 13,972 1,332 2,219
2017-09-30 14,291 2,029 2,120
2017-06-30 14,362 2,676 2,131
2017-03-31 14,281 2,756 2,241
2016-12-31 14,208 4,031 2,231
2016-09-30 13,385 2,880 1,990

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zwack Unicum Nyrt is high growth as no earnings estimate data is available.
  • Unable to determine if Zwack Unicum Nyrt is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BUSE:ZWACK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zwack Unicum Nyrt Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ZWACK Past Financials Data
Date (Data in HUF Millions) EPS *
2019-06-30 1,180.00
2019-03-31 1,312.00
2018-12-31 1,505.00
2018-09-30 1,214.50
2018-06-30 1,129.00
2018-03-31 1,093.00
2017-12-31 1,109.50
2017-09-30 1,060.00
2017-06-30 1,065.50
2017-03-31 1,121.00
2016-12-31
2016-09-30 995.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Zwack Unicum Nyrt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Zwack Unicum Nyrt's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Zwack Unicum Nyrt's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Zwack Unicum Nyrt's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zwack Unicum Nyrt'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.
Zwack Unicum Nyrt 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 Zwack Unicum Nyrt 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 Zwack Unicum Nyrt's growth in the last year to its industry (Beverage).
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.
  • Zwack Unicum Nyrt's year on year earnings growth rate has been positive over the past 5 years.
  • Zwack Unicum Nyrt's 1-year earnings growth is less than its 5-year average (4.5% vs 11.1%)
  • Zwack Unicum Nyrt's earnings growth has not exceeded the Europe Beverage industry average in the past year (4.5% vs 4.6%).
Earnings and Revenue History
Zwack Unicum Nyrt'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 Zwack Unicum Nyrt Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ZWACK Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 15,195.00 2,360.00 5,295.00
2019-03-31 15,739.00 2,623.00 5,278.00
2018-12-31 16,170.00 3,010.00 4,797.00
2018-09-30 14,844.00 2,429.00 4,689.00
2018-06-30 14,330.00 2,258.00 4,608.00
2018-03-31 13,958.00 2,186.00 4,600.00
2017-12-31 13,972.00 2,219.00 3,136.00
2017-09-30 14,291.00 2,120.00 3,124.00
2017-06-30 14,362.00 2,131.00 3,149.00
2017-03-31 14,281.00 2,241.00 3,048.00
2016-12-31 14,208.00 2,231.00 3,905.00
2016-09-30 13,385.00 1,990.00 3,842.00
2016-06-30 13,069.00 1,871.00 3,781.00
2016-03-31 12,458.00 1,694.00 3,784.00
2015-12-31 11,920.00 1,452.00 4,146.00
2015-09-30 12,723.00 1,838.00 4,169.00
2015-06-30 12,562.00 1,734.00 4,234.00
2015-03-31 12,795.00 1,714.00 4,277.00
2014-12-31 13,015.00 1,908.00 14,177.00
2014-09-30 11,762.00 1,415.00 14,135.00
2014-06-30 11,831.00 1,484.00 14,065.00
2014-03-31 11,775.00 1,493.00 14,015.00
2013-12-31 11,715.00 1,475.00 4,150.00
2013-09-30 11,926.00 1,483.00 4,123.00
2013-06-30 11,814.00 1,402.00 4,140.00
2013-03-31 12,078.00 1,444.00 4,142.00
2012-12-31 12,320.00 1,447.00 4,330.00

*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.
  • Zwack Unicum Nyrt made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Zwack Unicum Nyrt used its assets more efficiently than the Europe Beverage industry average last year based on Return on Assets.
  • Zwack Unicum Nyrt has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zwack Unicum Nyrt'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 Beverage 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.
Zwack Unicum Nyrt has a total score of 4/6, 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 Zwack Unicum Nyrt'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 Zwack Unicum Nyrt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zwack Unicum Nyrt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zwack Unicum Nyrt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zwack Unicum Nyrt'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 -165x 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 Zwack Unicum Nyrt Company Filings, last reported 4 months ago.

BUSE:ZWACK Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,711.00 0.00 2,535.00
2019-03-31 7,080.00 0.00 3,064.00
2018-12-31 8,067.00 0.00 3,361.00
2018-09-30 5,856.00 0.00 1,349.00
2018-06-30 5,221.00 0.00 2,856.00
2018-03-31 6,557.00 0.00 2,770.00
2017-12-31 7,139.00 0.00 2,427.00
2017-09-30 5,509.00 18.00 1,071.00
2017-06-30 5,045.00 0.00 3,135.00
2017-03-31 6,723.00 0.00 2,809.00
2016-12-31 7,048.00 0.00 3,711.00
2016-09-30 5,517.00 0.00 1,666.00
2016-06-30 5,042.00 0.00 2,681.00
2016-03-31 6,210.00 0.00 2,257.00
2015-12-31 6,517.00 0.00 1,901.00
2015-09-30 5,227.00 0.00 923.00
2015-06-30 4,871.00 0.00 3,223.00
2015-03-31 6,916.00 0.00 3,242.00
2014-12-31 7,464.00 0.00 3,636.00
2014-09-30 5,788.00 0.00 1,113.00
2014-06-30 5,537.00 0.00 6,067.00
2014-03-31 10,202.00 0.00 6,007.00
2013-12-31 10,558.00 0.00 4,642.00
2013-09-30 9,374.00 0.00 4,591.00
2013-06-30 9,053.00 0.00 4,982.00
2013-03-31 10,259.00 0.00 4,615.00
2012-12-31 10,610.00 0.00 3,259.00
  • Unable to establish if Zwack Unicum Nyrt's level of debt is high without past debt data.
  • Unable to establish if Zwack Unicum Nyrt's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Zwack Unicum Nyrt has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zwack Unicum Nyrt'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. Zwack Unicum Nyrt has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Zwack Unicum Nyrt'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
7.41%
Current annual income from Zwack Unicum Nyrt dividends.
If you bought HUF2,000 of Zwack Unicum Nyrt shares you are expected to receive HUF148 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?
  • Zwack Unicum Nyrt's pays a higher dividend yield than the bottom 25% of dividend payers in Hungary (2.09%).
  • Zwack Unicum Nyrt's dividend is above the markets top 25% of dividend payers in Hungary (5.63%).
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
BUSE:ZWACK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Beverage Industry Average Dividend Yield Market Cap Weighted Average of 52 Stocks 2.2%
Hungary Market Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2.7%
Hungary Minimum Threshold Dividend Yield 10th Percentile 1.7%
Hungary Bottom 25% Dividend Yield 25th Percentile 2.1%
Hungary Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

BUSE:ZWACK Past Annualized Dividends Data
Date (Data in HUF) Dividend per share (annual) Avg. Yield (%)
2019-06-28 1,300.000 7.633
2018-06-27 1,050.000 6.143
2017-06-29 1,050.000 6.143
2016-06-28 850.000 4.932
2015-06-25 1,200.000 6.874
2015-02-05 2,500.000 14.925
2014-11-04 2,500.000 17.962
2014-08-06 2,500.000 18.428
2014-07-01 2,500.000 17.846
2013-07-22 775.000 6.058
2012-07-12 900.000 7.216
2011-08-03 850.000 6.636
2011-06-29 850.000 5.816
2011-05-25 850.000 6.120
2011-02-10 0.000 0.000
2009-02-09 2,600.000 17.096
2009-01-15 2,600.000 19.580

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Zwack Unicum Nyrt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zwack Unicum Nyrt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Zwack Unicum Nyrt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zwack Unicum Nyrt has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Zwack Unicum Nyrt'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
Frank Odzuck
COMPENSATION HUF2,300,000
AGE 60
TENURE AS CEO 16.8 years
CEO Bio

Mr. Frank Odzuck has been a General Manager of Zwack Unicum PLC since April 22, 2004 and its Chief Executive Officer since 2003. Mr. Odzuck has been with Hungary for over 15 years. He served as the Managing Director of the Hungarian operations of Eduscho and Eduscho-Tchibo for 8 years and later the Managing Director of Nestlé-Schöller Hungary. Mr. Odzuck has been a Director of Magyar Telekom Telecommunications Public Limited Company since November 6, 2006. He has been a Director of Zwack Unicum Co. Ltd., since April 22, 2004. He obtained an Economics degree in 1983 in Budapest.

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

Sándor Zwack

TITLE
Chairman & President
COMPENSATION
HUF4M
TENURE
11.4 yrs

Frank Odzuck

TITLE
CEO & Director
COMPENSATION
HUF2M
AGE
60
TENURE
16.8 yrs

Tibor Dörnyei

TITLE
Deputy CEO
COMPENSATION
HUF2M

Sepros László

TITLE
Production & Technical Director

Palcsó Sára

TITLE
Marketing Director

Orsolya Virágh

TITLE
Human Resource Director
Board of Directors

Sándor Zwack

TITLE
Chairman & President
COMPENSATION
HUF4M

Frank Odzuck

TITLE
CEO & Director
COMPENSATION
HUF2M
AGE
60
TENURE
15.6 yrs

Wolfgang Spiller

TITLE
Deputy Chairman
COMPENSATION
HUF3M

Tibor Dörnyei

TITLE
Deputy CEO
COMPENSATION
HUF2M

Hubertine Underberg-Ruder

TITLE
Chairman of the Supervisory Board
COMPENSATION
HUF4M
AGE
57

Izabella Zwack

TITLE
Director
COMPENSATION
HUF2M

Kalina Tsanova

TITLE
Director
TENURE
4.4 yrs

Nándor Szakolczai

TITLE
Director

Szecskay András

TITLE
Member of the Supervisory Board
COMPENSATION
HUF2M

Salgó István

TITLE
Member of the Supervisory Board
COMPENSATION
HUF2M
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 (HUF) Value (HUF)
X
Management checks
We assess Zwack Unicum Nyrt'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. Zwack Unicum Nyrt 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

Should You Consider Zwack Unicum Nyrt. (BUSE:ZWACK)?

If you're interested in understanding beyond my broad commentary, take a look at the report on Zwack Unicum Nyrt here. … BUSE:ZWACK Income Statement, August 22nd 2019 Next Steps: For Zwack Unicum Nyrt, I've put together three key factors you should further research: Future Outlook: What are well-informed industry analysts predicting for ZWACK’s future growth? … The intrinsic value infographic in our free research report helps visualize whether ZWACK is currently mispriced by the market.

Simply Wall St -

Is Zwack Unicum Nyrt.’s (BUSE:ZWACK) 41% ROCE Any Good?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Zwack Unicum Nyrt: 0.41 = Ft3.1b ÷ (Ft11b - Ft3.6b) (Based on the trailing twelve months to March 2019.) Therefore, Zwack Unicum Nyrt has an ROCE of 41%. … How Zwack Unicum Nyrt's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Zwack Unicum Nyrt has a medium level of current liabilities, boosting its ROCE somewhat.

Simply Wall St -

Was Zwack Unicum Nyrt.'s (BUSE:ZWACK) Earnings Growth Better Than The Industry's?

See our latest analysis for Zwack Unicum Nyrt How ZWACK fared against its long-term earnings performance and its industry ZWACK's trailing twelve-month earnings (from 31 March 2019) of Ft2.6b has jumped 20% compared to the previous year. … Well, let’s take a look at whether it is merely a result of an industry uplift, or if Zwack Unicum Nyrt has seen some company-specific growth. … BUSE:ZWACK Income Statement, July 25th 2019 In terms of returns from investment, Zwack Unicum Nyrt has invested its equity funds well leading to a 37% return on equity (ROE), above the sensible minimum of 20%.

Simply Wall St -

Do These 3 Checks Before Buying Zwack Unicum Nyrt. (BUSE:ZWACK) For Its Upcoming Dividend

Last year's total dividend payments show that Zwack Unicum Nyrt has a trailing yield of 7.4% on the current share price of HUF17650. … Cash is slightly more important than profit from a dividend perspective, but given Zwack Unicum Nyrt's payouts were not well covered by either earnings or cash flow, we would be concerned about the sustainability of this dividend. … We're a bit put out by the fact that Zwack Unicum Nyrt paid out virtually all of its earnings and cashflow as dividends over the last year.

Simply Wall St -

Does Zwack Unicum Nyrt. (BUSE:ZWACK) Have A Place In Your Dividend Portfolio?

Zwack Unicum Nyrt paid out 90% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. … Zwack Unicum Nyrt paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough free cash flow to cover the dividend. … Conclusion To summarise, shareholders should always check that Zwack Unicum Nyrt's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Should We Be Delighted With Zwack Unicum Nyrt.'s (BUSE:ZWACK) ROE Of 38%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Zwack Unicum Nyrt: 38% = Ft3.0b ÷ Ft8.1b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Zwack Unicum Nyrt Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Looking At Zwack Unicum Nyrt. (BUSE:ZWACK) From All Angles

I've been keeping an eye on Zwack Unicum Nyrt. … Looking at the company as a whole, as a potential stock investment, I believe ZWACK has a lot to offer. … is a company with great financial health as well as a

Simply Wall St -

A Look At The Intrinsic Value Of Zwack Unicum Nyrt. (BUSE:ZWACK)

In this article we are going to estimate the intrinsic value of Zwack Unicum Nyrt. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

A Closer Look At Zwack Unicum Nyrt.'s (BUSE:ZWACK) Impressive ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand Zwack Unicum Nyrt. … Our data shows Zwack Unicum Nyrt has a return on equity of 38% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before You Buy Zwack Unicum Nyrt. (BUSE:ZWACK) Because Of Its P/E Ratio

Zwack Unicum Nyrt has a price to earnings ratio of 11.36, based on the last twelve months. … How Do I Calculate Zwack Unicum Nyrt's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Zwack Unicum Nyrt. manufactures and distributes alcoholic beverages in Hungary. It offers liqueur, vodka, whisky, wine, and other spirits primarily under the Unicum, Unicum Szilva, Unicum Next, Fütyülos, Vilmos, St. Hubertus, Kalinka, Zwack Sándor Nemes Pálinka, Zwack Maximilian, Kosher, Hírös, Portorico, Mecseki Itóka, ZIB, Unicum Riserva, Johnnie Walker, Diageo Reserve, Baileys, Captain Morgan, and various other international brand names. The company also exports its products. The company was founded in 1989 and is based in Budapest, Hungary. Zwack Unicum Nyrt. is a subsidiary of Peter Zwack & Consorten HAG.

Details
Name: Zwack Unicum Nyrt.
ZWACK
Exchange: BUSE
Founded: 1989
HUF35,100,000,000
2,000,000
Website: http://www.zwackunicum.hu
Address: Zwack Unicum Nyrt.
26 Soroksári út,
Budapest,
1095,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUSE ZWACK Ordinary Shares Budapest Stock Exchange HU HUF 09. Jun 1993
DB ZWC1 Ordinary Shares Deutsche Boerse AG DE EUR 09. Jun 1993
LSE 0GLR Ordinary Shares London Stock Exchange GB HUF 09. Jun 1993
Number of employees
Current staff
Staff numbers
237
Zwack Unicum Nyrt employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 20:43
End of day share price update: 2019/11/21 00:00
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


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.