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Orbis

WSE:ORB
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORB
WSE
PLN5B
Market Cap
  1. Home
  2. PL
  3. Consumer Services
Company description

Orbis S.A. owns, operates, manages, and franchises hotels in Poland and internationally. The last earnings update was 36 days ago. More info.


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ORB Share Price and Events
7 Day Returns
1.3%
WSE:ORB
2.3%
PL Hospitality
-2.7%
PL Market
1 Year Returns
22.9%
WSE:ORB
19.8%
PL Hospitality
-9.3%
PL Market
ORB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orbis (ORB) 1.3% 2.2% 21.3% 22.9% 67.1% 182.9%
PL Hospitality 2.3% -0% 14.3% 19.8% 62.1% 235.9%
PL Market -2.7% -5.3% -0.6% -9.3% -1.6% -12.6%
1 Year Return vs Industry and Market
  • ORB outperformed the Hospitality industry which returned 19.8% over the past year.
  • ORB outperformed the Market in Poland which returned -9.3% over the past year.
Price Volatility
ORB
Industry
5yr Volatility vs Market

ORB Value

 Is Orbis 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 Orbis 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 Orbis.

WSE:ORB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year PL Government Bond Rate 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 WSE:ORB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.5%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 19%) (19.42%))
1.037
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.99% + (1.037 * 6.51%)
8.74%

Discounted Cash Flow Calculation for WSE:ORB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Orbis 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.

WSE:ORB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 8.74%)
2020 301.13 Est @ 13.28% 276.92
2021 330.92 Est @ 9.89% 279.86
2022 355.81 Est @ 7.52% 276.72
2023 376.66 Est @ 5.86% 269.40
2024 394.37 Est @ 4.7% 259.39
2025 409.70 Est @ 3.89% 247.81
2026 423.29 Est @ 3.32% 235.45
2027 435.65 Est @ 2.92% 222.85
2028 447.15 Est @ 2.64% 210.35
2029 458.09 Est @ 2.45% 198.17
Present value of next 10 years cash flows PLN2,476.00
WSE:ORB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= PLN458.09 × (1 + 1.99%) ÷ (8.74% – 1.99%)
PLN6,921.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN6,921.22 ÷ (1 + 8.74%)10
PLN2,994.16
WSE:ORB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN2,476.00 + PLN2,994.16
PLN5,470.16
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN5,470.16 / 46.08
PLN118.72
WSE:ORB Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN118.72
Current discount Discount to share price of PLN116.00
= -1 x (PLN116.00 - PLN118.72) / PLN118.72
2.3%

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

Current Discount
Amount off the current price Orbis is available for.
Intrinsic value
2%
Share price is PLN116 vs Future cash flow value of PLN118.72
Current Discount Checks
For Orbis to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Orbis's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Orbis'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 Orbis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orbis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:ORB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in PLN PLN5.79
WSE:ORB Share Price ** WSE (2019-12-05) in PLN PLN116
Poland Hospitality Industry PE Ratio Median Figure of 6 Publicly-Listed Hospitality Companies 15.16x
Poland Market PE Ratio Median Figure of 413 Publicly-Listed Companies 10.86x

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

** Primary Listing of Orbis.

WSE:ORB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 116 ÷ 5.79

20.03x

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

  • Orbis is overvalued based on earnings compared to the PL Hospitality industry average.
  • Orbis is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Orbis's expected growth come at a high price?
Raw Data
WSE:ORB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-0.2%per year
Europe Hospitality Industry PEG Ratio Median Figure of 65 Publicly-Listed Hospitality Companies 1.43x
Poland Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

WSE:ORB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.03x ÷ -0.2%

-112.6x

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

  • Orbis earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Orbis's assets?
Raw Data
WSE:ORB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in PLN PLN51.81
WSE:ORB Share Price * WSE (2019-12-05) in PLN PLN116
Poland Hospitality Industry PB Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 1.99x
Poland Market PB Ratio Median Figure of 636 Publicly-Listed Companies 1x
WSE:ORB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 116 ÷ 51.81

2.24x

* Primary Listing of Orbis.

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

  • Orbis is overvalued based on assets compared to the PL Hospitality industry average.
X
Value checks
We assess Orbis'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Orbis has a total score of 0/6, 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.

ORB Future Performance

 How is Orbis expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orbis expected to grow at an attractive rate?
  • Orbis's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Orbis's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Orbis's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:ORB Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:ORB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -0.2%
WSE:ORB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.8%
Europe Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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
WSE:ORB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:ORB Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,613 514 263 1
2020-12-31 1,572 508 253 1
2019-12-31 1,509 529 255 1
WSE:ORB Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-09-30 1,476 480 267
2019-06-30 1,448 432 272
2019-03-31 1,444 452 398
2018-12-31 1,440 394 363
2018-09-30 1,411 379 329
2018-06-30 1,454 393 355
2018-03-31 1,458 379 235
2017-12-31 1,458 390 232
2017-09-30 1,448 400 244
2017-06-30 1,423 392 218
2017-03-31 1,402 399 209
2016-12-31 1,383 381 207

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orbis's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Orbis's revenue is expected to grow by 3.8% 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
WSE:ORB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Orbis Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ORB Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.90 5.90 5.90 1.00
2020-12-31 5.60 5.60 5.60 1.00
2019-12-31 5.90 5.90 5.90 1.00
WSE:ORB Past Financials Data
Date (Data in PLN Millions) EPS *
2019-09-30 5.79
2019-06-30 5.91
2019-03-31 8.64
2018-12-31 7.88
2018-09-30 7.14
2018-06-30 7.69
2018-03-31 5.10
2017-12-31 5.04
2017-09-30 5.28
2017-06-30 4.74
2017-03-31 4.54
2016-12-31 4.50

*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 Orbis will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Orbis'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.
Orbis 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.

ORB Past Performance

  How has Orbis 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 Orbis's growth in the last year to its industry (Hospitality).
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.
  • Orbis has delivered over 20% year on year earnings growth in the past 5 years.
  • Orbis's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Orbis's 1-year earnings growth is negative, it can't be compared to the PL Hospitality industry average.
Earnings and Revenue History
Orbis'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 Orbis Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:ORB 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 1,475.59 267.08 349.41
2019-06-30 1,448.21 272.06 350.60
2019-03-31 1,443.84 397.82 361.49
2018-12-31 1,440.03 363.20 369.72
2018-09-30 1,411.39 328.60 359.60
2018-06-30 1,454.41 355.11 372.35
2018-03-31 1,457.79 234.76 376.69
2017-12-31 1,458.07 232.39 380.90
2017-09-30 1,448.09 243.85 389.39
2017-06-30 1,422.54 218.01 393.24
2017-03-31 1,401.62 209.41 396.30
2016-12-31 1,382.88 207.13 396.51
2016-09-30 1,344.45 203.90 386.84
2016-06-30 1,310.97 199.65 377.69
2016-03-31 1,280.74 190.43 370.05
2015-12-31 1,262.73 181.55 364.97
2015-09-30 1,131.37 152.10 313.17
2015-06-30 972.63 116.19 260.24
2015-03-31 808.49 76.84 206.55
2014-12-31 707.79 89.20 161.52
2014-09-30 700.11 78.45 148.30
2014-06-30 692.50 70.69 133.52
2014-03-31 686.33 62.08 120.09
2013-12-31 682.60 66.65 115.95
2013-09-30 669.74 55.57 116.47
2013-06-30 665.53 52.32 117.94
2013-03-31 694.97 70.80 122.17
2012-12-31 707.39 68.73 121.23

*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.
  • Orbis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Orbis used its assets more efficiently than the PL Hospitality industry average last year based on Return on Assets.
  • Orbis has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Orbis'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 Hospitality 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.
Orbis has a total score of 3/6, 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.

ORB Health

 How is Orbis'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 Orbis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orbis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orbis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orbis'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 covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orbis Company Filings, last reported 2 months ago.

WSE:ORB Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,387.72 502.99 740.73
2019-06-30 2,305.81 502.21 632.12
2019-03-31 2,216.69 502.78 557.53
2018-12-31 2,386.79 502.11 537.83
2018-09-30 2,314.98 502.66 497.16
2018-06-30 2,237.03 501.89 582.02
2018-03-31 2,079.82 559.24 192.71
2017-12-31 2,080.88 542.73 214.84
2017-09-30 2,054.86 629.91 241.70
2017-06-30 1,938.47 661.47 242.62
2017-03-31 1,914.18 625.34 248.50
2016-12-31 1,950.68 624.44 540.79
2016-09-30 1,886.22 642.94 446.60
2016-06-30 1,810.78 440.60 236.36
2016-03-31 1,784.12 464.80 159.69
2015-12-31 1,783.29 459.14 271.68
2015-09-30 1,729.56 476.47 270.07
2015-06-30 1,649.76 475.44 231.29
2015-03-31 1,642.84 474.71 119.06
2014-12-31 1,952.32 0.00 239.50
2014-09-30 1,929.19 0.00 202.46
2014-06-30 1,889.29 0.00 227.58
2014-03-31 1,922.18 0.00 175.45
2013-12-31 1,932.10 0.00 190.84
2013-09-30 1,920.19 0.00 159.53
2013-06-30 1,888.19 0.00 196.03
2013-03-31 1,926.10 0.00 121.39
2012-12-31 1,932.04 0.00 139.43
  • Orbis's level of debt (21.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Orbis's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (95.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess Orbis'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. Orbis has a total score of 5/6, 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.

ORB Dividends

 What is Orbis'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
1.38%
Current annual income from Orbis dividends. Estimated to be 1.72% next year.
If you bought PLN2,000 of Orbis shares you are expected to receive PLN28 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?
  • Orbis's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.64%).
  • Orbis's dividend is below the markets top 25% of dividend payers in Poland (7.23%).
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
WSE:ORB 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 1 Analyst Estimates (S&P Global) See Below
Europe Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 2.9%
Poland Market Average Dividend Yield Market Cap Weighted Average of 198 Stocks 4.5%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Poland Bottom 25% Dividend Yield 25th Percentile 2.6%
Poland Top 25% Dividend Yield 75th Percentile 7.2%

Industry and Market average data is calculated daily.

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

WSE:ORB Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.90 1.00
2020-12-31 2.10 1.00
2019-12-31 2.00 1.00
WSE:ORB Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-04-27 1.600 1.745
2017-04-27 1.600 1.778
2017-04-06 1.600 1.935
2016-04-28 1.500 2.186
2016-02-18 1.500 2.456
2015-05-14 1.500 2.547
2015-02-18 1.500 3.008
2014-11-14 1.500 3.614
2014-08-26 1.500 3.733
2014-02-20 1.500 3.585
2013-02-20 1.400 3.788
2013-01-15 1.400 3.691
2012-04-27 1.400 3.723
2012-02-21 1.400 3.216
2010-02-24 0.000 0.000
2009-11-12 0.000 0.000
2009-08-27 0.000 0.000
2009-05-14 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, Orbis has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Orbis only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Orbis's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Orbis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Orbis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orbis 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.

ORB Management

 What is the CEO of Orbis'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
Gilles Clavie
COMPENSATION PLN0
AGE 50
TENURE AS CEO 5.5 years
CEO Bio

Mr. Gilles Stephane Clavie has been the President of the Management Board at Orbis Spólka Akcyjna since June 26, 2014 and has been its Chief Executive Officer since June 27, 2014. Mr. Clavie joined Orbis S.A. as a member of the Executive Committee of Orbis Spólka Akcyjna in January 2011. He is responsible for strategy, management control, IT and asset management. Mr. Clavie also created and is heading a Property Management Committee which concentrated on in-depth analysis of various investment projects as regards development, asset management, construction and maintenance. He began his professional career as a Consolidation and Group Financial Reporting Manager in Eridania Beghin-Say in 1993. He joined Accor Group in Paris in 2001 as Reporting Director for the business and leisure hotels segment. He served as Financial Controller of Accor from 2004 to 2010.

CEO Compensation
  • Gilles's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gilles's remuneration is lower than average for companies of similar size in Poland.
Management Team Tenure

Average tenure and age of the Orbis management team in years:

6.7
Average Tenure
50
Average Age
  • The average tenure for the Orbis management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gilles Clavie

TITLE
President of the Management Board & CEO
AGE
50
TENURE
5.5 yrs

Ireneusz Weglowski

TITLE
Vice President of the Management Board & Development Director
AGE
64
TENURE
28.9 yrs

Dominik Soltysik

TITLE
Member of Management Board
AGE
44
TENURE
2.1 yrs

Jean-Marc Vendioux

TITLE
Managing Director of Operations

Stefan Potocki

TITLE
VP of Operations

Dorota Nowotny

TITLE
IR officer
TENURE
7.9 yrs
Board of Directors Tenure

Average tenure and age of the Orbis board of directors in years:

1.1
Average Tenure
56.5
Average Age
  • The average tenure for the Orbis board of directors is less than 3 years, this suggests a new board.
Board of Directors

Franck Gervais

TITLE
Chairman of Supervisory Board

Krzysztof Gerula

TITLE
Independent Member of Supervisory Board
COMPENSATION
PLN1M
AGE
76
TENURE
0.5 yrs

Christian Karaoglanian

TITLE
Member of Supervisory Board

Jaroslaw Szymanski

TITLE
Supervisory Board Member
AGE
54

Andrzej Procajlo

TITLE
Supervisory Board Member
AGE
67

Laurent Picheral

TITLE
Supervisory Board Member
AGE
54
TENURE
5.4 yrs

Jean-Jacques Morin

TITLE
Supervisory Board Member
AGE
59
TENURE
3.5 yrs

Pierre Boisselier

TITLE
Supervisory Board Member
TENURE
1.7 yrs

Piotr Nowjalis

TITLE
Independent Member of Supervisory Board
AGE
44
TENURE
0.5 yrs

Krzysztof Kostro

TITLE
Independent Supervisory Board Member
TENURE
0.5 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 (PLN) Value (PLN)
X
Management checks
We assess Orbis'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. Orbis 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.

ORB News

Simply Wall St News

Orbis S.A.'s (WSE:ORB) Earnings Grew 41%, Did It Beat Long-Term Trend?

Today I will examine Orbis S.A.'s (WSE:ORB) latest earnings update (30 September 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of ORB's industry performed. … Commentary On ORB's Past Performance. … ORB's trailing twelve-month earnings (from 30 September 2018) of zł343m has

Simply Wall St -

Is There An Opportunity With Orbis Spólka Akcyjna's (WSE:ORB) 49.74% Undervaluation?

How far off is Orbis Spólka Akcyjna (WSE:ORB) from its intrinsic value? … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Orbis Spólka Akcyjna's (WSE:ORB) 15% Worse Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Orbis Spólka Akcyjna (WSE:ORB). … Our data shows Orbis Spólka Akcyjna has a return on equity of 15% for the last year.

Simply Wall St -

How Does Orbis Spólka Akcyjna (WSE:ORB) Fare As A Dividend Stock?

Historically, Orbis Spólka Akcyjna (WSE:ORB) has been paying a dividend to shareholders. … Let's take a look at Orbis Spólka Akcyjna in more detail. … View our latest analysis for Orbis Spólka Akcyjna

Simply Wall St -

Does Orbis Spólka Akcyjna's (WSE:ORB) PE Ratio Signal A Selling Opportunity?

Orbis Spólka Akcyjna (WSE:ORB) is trading with a trailing P/E of 11.2x, which is higher than the industry average of 10.1x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … Check out our latest analysis for Orbis Spólka Akcyjna

Simply Wall St -

A Holistic Look At Orbis Spólka Akcyjna (WSE:ORB)

In the case of Orbis Spólka Akcyjna (WSE:ORB), there's. … is a company with great financial health as well as a. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

Estimating The Intrinsic Value Of Orbis Spólka Akcyjna (WSE:ORB)

Does the share price for Orbis Spólka Akcyjna (WSE:ORB) reflect it's really worth? … by projecting its future cash flows and then discounting them to today's value. … If you are reading this and its not July 2018 then I highly recommend you check out the latest calculation for Orbis Spólka Akcyjna by following the link below

Simply Wall St -

Should You Buy Orbis Spólka Akcyjna (WSE:ORB) At zł087.6?

Orbis Spólka Akcyjna (WSE:ORB), a hospitality company based in Poland,. … A question to answer is whether Orbis Spólka Akcyjna's current trading price of PLN87.6 reflective of the actual value of the? … Let’s take a look at Orbis Spólka Akcyjna’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Orbis Spólka Akcyjna (WSE:ORB) A Great Dividend Stock?

Orbis Spólka Akcyjna (WSE:ORB) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Does Orbis Spólka Akcyjna tick all the boxes of a great dividend stock? … 5 checks you should do on a dividend stock

Simply Wall St -

Is Orbis Spólka Akcyjna's (WSE:ORB) Balance Sheet A Threat To Its Future?

How does ORB’s operating cash flow stack up against its debt? … On top of this, ORB has generated cash from operations of ZŁ390.23M in the last twelve months, resulting in an operating cash to total debt ratio of 71.90%, meaning that ORB’s debt is appropriately covered by operating cash. … In ORB's, case, the ratio of 34.44x suggests that interest is comfortably covered, which means that lenders may be less hesitant to lend out more funding as ORB’s high interest coverage is seen as responsible and safe practice.Next Steps: ORB’s high cash coverage and appropriate debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.

Simply Wall St -

ORB Company Info

Description

Orbis S.A. owns, operates, manages, and franchises hotels in Poland and internationally. As of December 31, 2018, it operated a network of approximately 133 hotels. The company operates its hotels under the Sofitel, Pullman, MGallery, Novotel, Mercure, ibis, ibis Styles, and ibis budget brands. The company was founded in 1920 and is based in Warsaw, Poland. Orbis S.A. is a subsidiary of Accor S.A.

Details
Name: Orbis S.A.
ORB
Exchange: WSE
Founded: 1920
PLN5,321,894,424
46,077,008
Website: http://www.orbis.pl
Address: Orbis S.A.
16 Bracka Street,
Warsaw,
00-028,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE ORB Common Bearer Shares Warsaw Stock Exchange PL PLN 25. Nov 1997
LSE 0LX3 Common Bearer Shares London Stock Exchange GB PLN 25. Nov 1997
Number of employees
Current staff
Staff numbers
3,974
Orbis employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:33
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/10/18
Last earnings filing: 2019/10/30
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.