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Wawel

WSE:WWL
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WWL
WSE
PLN840M
Market Cap
  1. Home
  2. PL
  3. Food, Beverage & Tobacco
Company description

Wawel S.A. produces and sells cocoa, chocolate, and confectionary products. The last earnings update was 16 days ago. More info.


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WWL Share Price and Events
7 Day Returns
1.8%
WSE:WWL
0.2%
PL Food
-1.5%
PL Market
1 Year Returns
-35.2%
WSE:WWL
-25.7%
PL Food
-33%
PL Market
WWL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wawel (WWL) 1.8% -6.6% -8.7% -35.2% -44.7% -54.8%
PL Food 0.2% -15.9% -16.7% -25.7% -45.8% -22.9%
PL Market -1.5% -19.6% -27.9% -33% -37.3% -38.2%
1 Year Return vs Industry and Market
  • WWL underperformed the Food industry which returned -25.7% over the past year.
  • WWL underperformed the Market in Poland which returned -33% over the past year.
Price Volatility
WWL
Industry
5yr Volatility vs Market

WWL Value

 Is Wawel 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 Wawel 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 Wawel.

WSE:WWL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in PLN PLN 36.25
Payout Ratio Company Filings (2019-12-31) 4100.9%
Discount Rate (Cost of Equity) See below 7.2%
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:WWL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.5%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 19%) (1.25%))
0.737
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)
= 1.99% + (0.8 * 6.51%)
7.2%

Discounted Cash Flow Calculation for WSE:WWL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Wawel 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.

WSE:WWL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= PLN36.25 / (7.2% - 1.99%)
PLN696.04
WSE:WWL Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN696.04
Current discount Discount to share price of PLN570.00
= -1 x (PLN570.00 - PLN696.04) / PLN696.04
18.1%

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

Current Discount
Amount off the current price Wawel is available for.
Intrinsic value
18%
Share price is PLN570 vs Future cash flow value of PLN696.04
Current Discount Checks
For Wawel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wawel's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Wawel'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 Wawel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wawel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:WWL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in PLN PLN39.08
WSE:WWL Share Price ** WSE (2020-03-27) in PLN PLN570
Poland Food Industry PE Ratio Median Figure of 20 Publicly-Listed Food Companies 7.49x
Poland Market PE Ratio Median Figure of 421 Publicly-Listed Companies 9.24x

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

** Primary Listing of Wawel.

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

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

= 570 ÷ 39.08

14.59x

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

  • Wawel is overvalued based on earnings compared to the PL Food industry average.
  • Wawel is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Wawel's expected growth come at a high price?
Raw Data
WSE:WWL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2.2%per year
Europe Food Industry PEG Ratio Median Figure of 64 Publicly-Listed Food Companies 1.3x
Poland Market PEG Ratio Median Figure of 103 Publicly-Listed Companies 0.73x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.59x ÷ 2.2%

6.67x

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

  • Wawel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wawel's assets?
Raw Data
WSE:WWL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in PLN PLN460.48
WSE:WWL Share Price * WSE (2020-03-27) in PLN PLN570
Poland Food Industry PB Ratio Median Figure of 27 Publicly-Listed Food Companies 0.6x
Poland Market PB Ratio Median Figure of 640 Publicly-Listed Companies 0.84x
WSE:WWL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 570 ÷ 460.48

1.24x

* Primary Listing of Wawel.

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

  • Wawel is overvalued based on assets compared to the PL Food industry average.
X
Value checks
We assess Wawel'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Wawel 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.

WWL Future Performance

 How is Wawel expected to perform in the next 1 to 3 years based on estimates from 3 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
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wawel expected to grow at an attractive rate?
  • Wawel's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Wawel's earnings growth is positive but not above the Poland market average.
  • Wawel's revenues are expected to decrease over the next 1-3 years, this is below the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:WWL Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:WWL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2.2%
WSE:WWL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.9%
Europe Food Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
Poland Food Industry Revenue Growth Rate Market Cap Weighted Average 5%
Poland Market Earnings Growth Rate Market Cap Weighted Average 12%
Poland Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:WWL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:WWL Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 543 1
2023-12-31 543 1
2022-12-31 549 91 60 2
2021-12-31 568 95 66 3
2020-12-31 561 87 57 3
2020-03-29
WSE:WWL Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-12-31 564 83 59
2019-09-30 550 92 65
2019-06-30 546 76 66
2019-03-31 542 134 68
2018-12-31 559 120 77
2018-09-30 574 97 80
2018-06-30 576 119 109
2018-03-31 578 81 113
2017-12-31 566 83 113
2017-09-30 585 102 111
2017-06-30 601 107 86
2017-03-31 616 123 85

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wawel's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • Wawel's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:WWL 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 3 Analyst Estimates (S&P Global) See Below

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

WSE:WWL Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 36.00 36.00 36.00 1.00
2021-12-31 47.74 51.70 43.77 2.00
2020-12-31 45.92 49.10 42.73 2.00
2020-03-29
WSE:WWL Past Financials Data
Date (Data in PLN Millions) EPS *
2019-12-31 39.08
2019-09-30 43.18
2019-06-30 43.72
2019-03-31 45.53
2018-12-31 51.51
2018-09-30 53.51
2018-06-30 72.61
2018-03-31 75.62
2017-12-31 75.56
2017-09-30 74.32
2017-06-30 57.21
2017-03-31 56.66

*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.
  • Wawel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wawel'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 Poland 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.
Wawel has a total score of 1/6, 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.

WWL Past Performance

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

WSE:WWL Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 564.44 58.61 137.31
2019-09-30 549.75 64.76 127.49
2019-06-30 546.29 65.57 124.93
2019-03-31 542.16 68.28 118.95
2018-12-31 559.16 77.26 117.04
2018-09-30 573.58 80.25 118.75
2018-06-30 575.81 108.90 116.19
2018-03-31 577.77 113.41 110.84
2017-12-31 566.32 113.32 102.43
2017-09-30 584.75 111.46 115.14
2017-06-30 601.33 85.80 123.10
2017-03-31 615.75 84.98 136.94
2016-12-31 645.90 85.09 148.32
2016-09-30 650.07 87.08 147.37
2016-06-30 640.21 85.92 146.88
2016-03-31 638.66 91.17 141.67
2015-12-31 631.19 92.87 142.92
2015-09-30 625.06 96.66 144.29
2015-06-30 617.82 96.05 144.41
2015-03-31 615.32 93.34 142.91
2014-12-31 594.16 88.04 140.97
2014-09-30 584.29 79.72 135.61
2014-06-30 594.21 78.87 133.38
2014-03-31 596.96 80.66 131.09
2013-12-31 595.65 80.47 130.39
2013-09-30 570.43 76.32 129.35
2013-06-30 557.82 73.74 129.43
2013-03-31 557.02 70.07 129.77

*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.
  • Wawel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wawel used its assets more efficiently than the PL Food industry average last year based on Return on Assets.
  • Wawel's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wawel'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 Food 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.
Wawel has a total score of 1/6, 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.

WWL Health

 How is Wawel'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 Wawel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wawel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wawel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wawel'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 2.242471732957E+17x 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 Wawel Company Filings, last reported 2 months ago.

WSE:WWL Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 690.60 0.00 149.12
2019-09-30 669.82 0.00 152.32
2019-06-30 651.51 0.00 185.21
2019-03-31 687.42 0.00 181.12
2018-12-31 670.24 0.00 130.59
2018-09-30 642.79 0.00 123.65
2018-06-30 623.66 0.00 167.00
2018-03-31 656.87 0.00 102.42
2017-12-31 630.70 0.00 68.60
2017-09-30 600.06 0.00 94.19
2017-06-30 552.29 0.00 101.28
2017-03-31 575.62 0.00 83.57
2016-12-31 550.31 0.00 85.77
2016-09-30 520.23 0.00 102.46
2016-06-30 496.88 0.00 104.86
2016-03-31 517.85 0.00 124.06
2015-12-31 491.58 0.00 129.20
2015-09-30 460.36 0.00 146.37
2015-06-30 439.74 0.00 137.09
2015-03-31 457.24 0.00 119.17
2014-12-31 429.36 0.00 106.88
2014-09-30 395.61 0.00 110.94
2014-06-30 375.28 0.00 91.64
2014-03-31 394.76 0.00 95.87
2013-12-31 372.17 0.00 66.44
2013-09-30 345.94 0.00 71.69
2013-06-30 326.46 0.00 67.84
2013-03-31 335.15 0.00 59.61
  • Wawel's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Wawel's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (4.6794651928192E+18%, greater than 20% of total debt).
  • Wawel earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Wawel'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. Wawel 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.

WWL Dividends

 What is Wawel'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
4.39%
Current annual income from Wawel dividends. Estimated to be 6.36% next year.
If you bought PLN2,000 of Wawel shares you are expected to receive PLN88 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?
  • Wawel's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (3.25%).
  • Wawel's dividend is below the markets top 25% of dividend payers in Poland (8.79%).
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:WWL 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 3 Analyst Estimates (S&P Global) See Below
Poland Food Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 5%
Poland Market Average Dividend Yield Market Cap Weighted Average of 195 Stocks 6%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.6%
Poland Bottom 25% Dividend Yield 25th Percentile 3.2%
Poland Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

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

WSE:WWL Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 37.50 2.00
2020-12-31 35.00 2.00
2020-03-29
WSE:WWL Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-03-19 25.000 3.796
2018-08-14 25.000 2.971
2018-03-19 25.000 2.565
2017-08-21 20.000 1.950
2017-03-17 20.000 1.807
2016-05-12 20.000 1.995
2016-03-18 20.000 1.931
2015-04-30 20.000 1.707
2015-03-20 20.000 1.554
2014-10-23 20.000 2.007
2014-08-14 20.000 2.068
2014-08-11 20.000 2.080
2014-03-19 20.000 1.806
2014-01-15 20.000 1.515
2013-03-15 14.000 1.458
2013-01-15 14.000 1.746
2012-10-30 11.000 1.468
2012-08-22 11.000 1.627
2012-05-10 11.000 1.904
2012-01-16 11.000 1.983
2011-03-31 10.000 2.133
2011-02-22 10.000 2.138
2010-04-09 10.000 2.576
2009-11-02 10.000 3.808
2009-08-17 10.000 3.916
2009-04-30 10.000 4.414

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wawel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Wawel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Wawel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wawel 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.

WWL Management

 What is the CEO of Wawel'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
Dariusz Orlowski
CEO Bio

Mr. Dariusz Orlowski serves as the President of the Management Board and Member of the Management Board at Wawel Spolka Akcyjna(ZPC Wawel SA).

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

Pawel Balaga

TITLE
Secretary of Supervisory Board & Member of Supervisory Board

Dariusz Orlowski

TITLE
President of the Management Board

Wojciech Winkel

TITLE
Production Director & Member of Management Board

Janusz Serwonski

TITLE
Chief Accountant
Board of Directors Tenure

Average tenure of the Wawel board of directors in years:

5.9
Average Tenure
  • The tenure for the Wawel board of directors is about average.
Board of Directors

Nicole Opferkuch

TITLE
Chairwoman of the Supervisory Board
COMPENSATION
PLN123K
TENURE
1 yrs

Eugeniusz Malek

TITLE
Vice Chairman of Supervisory Board

Pawel Balaga

TITLE
Secretary of Supervisory Board & Member of Supervisory Board

Christoph Kohnlein

TITLE
Independent Member of Supervisory Board
TENURE
10.8 yrs

Pawel Brukszo

TITLE
Independent Member of Supervisory Board
TENURE
10.8 yrs

Laura Opferkuch

TITLE
Member of the Supervisory Board

Max Schaeuble

TITLE
Member of Supervisory Board
TENURE
0.8 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 Wawel'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. Wawel 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.

WWL News

Simply Wall St News

How Good Is Wawel S.A. (WSE:WWL) At Creating Shareholder Value?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Wawel: 0.12 = zł83m ÷ (zł799m - zł92m) (Based on the trailing twelve months to March 2019.) Therefore, Wawel has an ROCE of 12%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

How Many Wawel S.A. (WSE:WWL) Shares Do Institutions Own?

Companies that have been privatized tend to have low insider ownership. … Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … Private Company Ownership We can see that Private Companies own 52%, of the shares on issue.

Simply Wall St -

Imagine Owning Wawel (WSE:WWL) And Wondering If The 35% Share Price Slide Is Justified

(WSE:WWL) shareholders, since the share price is down 35% in the last three years, falling well short of the market return of around 22%. … During the three years that the share price fell, Wawel's earnings per share (EPS) dropped by 9.2% each year. … As it happens, Wawel's TSR for the last 3 years was -29%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should We Worry About Wawel S.A.'s (WSE:WWL) P/E Ratio?

View our latest analysis for Wawel How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Wawel: P/E of 13 = PLN592 ÷ PLN45.53 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.

Simply Wall St -

Why Wawel S.A.'s (WSE:WWL) High P/E Ratio Isn't Necessarily A Bad Thing

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Wawel: P/E of 13 = PLN592 ÷ PLN45.53 (Based on the year to March 2019.) Is A High P/E Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios If earnings fall then in the future the 'E' will be lower. … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.

Simply Wall St -

Wawel S.A. (WSE:WWL) Is Yielding 3.9% - But Is It A Buy?

WSE:WWL Historical Dividend Yield, June 11th 2019 Payout ratios Dividends are usually paid out of company earnings. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Conclusion To summarise, shareholders should always check that Wawel'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 -

Does Wawel S.A. (WSE:WWL) Create Value For Shareholders?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Wawel: 9.9% = zł68m ÷ zł687m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Wawel S.A. (WSE:WWL): Commentary On Fundamentals

In the case of WWL, it is a dependable dividend payer that has been able to sustain great financial health over the past. … Excellent balance sheet established dividend payer WWL's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … WSE:WWL Historical Debt, May 15th 2019 Income investors would also be happy to know that WWL is a great dividend company, with a current yield standing at 3.5%.

Simply Wall St -

What Are Analysts Saying About Wawel S.A.'s (WSE:WWL) Growth?

Help shape the future of investing tools and you could win a $250 gift card! … Based on Wawel S.A.'s (WSE:WWL) earnings update on 31 March 2019, … analyst consensus outlook appear cautiously optimistic,

Simply Wall St -

Is Wawel S.A.’s (WSE:WWL) 14% Return On Capital Employed Good News?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

WWL Company Info

Description

Wawel S.A. produces and sells cocoa, chocolate, and confectionary products. The company offers a range of chocolates, as well as bars, chocos and fruities, fresh and fruity jellies, candies in chocolate, tofflairs, cream fudges, caramels, choco mints, wafers without sugar, fruits in chocolate, and cocoa products. It sells its products under the Kasztanki, Malaga, Tiki Taki, Michalki z Wawelu, Mieszanka Krakowska, Fresh & Fruity, Krówka, Tofflairs, Milkizz, Qulinaria, Bez Dodatku Cukru, Trufle z Wawelu, Pastylka mietowa, Sliwki w czekoladzie, Danusia, and Karmelki recznie produkowane brand names. The company sells its products to retail and discount chains in Poland. Wawel S.A. also exports its products. The company was founded in 1898 and is based in Kraków, Poland. Wawel S.A. is a subsidiary of Hosta International AG.

Details
Name: Wawel S.A.
WWL
Exchange: WSE
Founded: 1898
PLN839,862,800
1,499,755
Website: http://www.wawel.com.pl
Address: Wawel S.A.
ul. Wladyslawa Warnenczyka 14,
Kraków,
30-520,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE WWL Bearer Shares Warsaw Stock Exchange PL PLN 27. Apr 1998
LSE 0LZG Bearer Shares London Stock Exchange GB PLN 27. Apr 1998
Number of employees
Current staff
Staff numbers
1,062
Wawel employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 20:53
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.