Ipopema Securities SA

Chart & Performance

D1W1MN

P/E

3.94

P/S

0.22

EPS

0.61

Div Yield, %

6.28%

Shrs. gr., 5y

—

Rev. gr., 5y

27.00%

Revenues

324m

+24.67%

Net income

18m

+227.77%

CFO

23m

-48.26%

Dividend

May 22, 20240.3 PLN/sh

Profile

IPOPEMA Securities S.A. provides brokerage, equity research, and investment banking services in Poland. It operates through Brokerage and Related Services; Investment Fund and Portfolio Management; and Advisory Service segments. The Investment Fund Management and Portfolio Management segment engages in the creation and management of investment funds; and the management of portfolios of broker-traded financial instruments. Its Brokerage and Related Services segment is involved in the brokerage and investment banking activities, distribution of investment products, and provision of investment advisory services to retail investors, as well as advisory services related to corporate financial restructuring and finance raising for infrastructure projects. The company's Advisory Service segment provides business and management advisory, computer facilities management, computer advisory, and software-related activities. In addition, the company offers investment banking services, which include preparation and execution of transactions on the equity capital market, public offerings of securities, mergers, and acquisitions (M&A) transactions and management buy-outs, and advisory services for raising finance on the private market, as well as assists companies listed on the Warsaw Stock Exchange in arranging share repurchase transactions, including tender offers and buyback programs. Further, it provides business, management, and IT consultancy services; and intermediation services. Additionally, the company is involved in the distribution of investment products; creation and management of closed-end and open-end investment funds; wholesale of computers, peripherals, and equipment and software. IPOPEMA Securities S.A. was founded in 2005 and is based in Warsaw, Poland.

URL

https://ipopemasecurities.pl/

IPO date

May 26, 2009

Employees

254

Domiciled in

Incorporated in

Valuation

Order:

Title PLN in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title PLN in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	324,195 24.67%	260,051 1.42%	256,404 -0.62%
Cost of revenue	306,762	254,772	252,312
Unusual Expense (Income)
NOPBT	17,433	5,279	4,092
NOPBT Margin	5.38%	2.03%	1.60%
Operating Taxes	5,220	1,743	3,114
Tax Rate	29.94%	33.02%	76.10%
NOPAT	12,213	3,536	978
Net income	18,178 227.77%	5,546 -57.68%	13,105 -55.84%
Dividends	(4,490)	(9,281)	(11,077)
Dividend yield	3.97%	14.90%	11.42%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	29,078	23,930	22,792
Long-term debt	31,097	36,425	31,379
Deferred revenue		(226,521)	305,251
Other long-term liabilities	877	226,521	(304,934)
Net debt	(109,562)	(106,382)	(93,926)
Cash flow
Cash from operating activities	23,477	45,373	(146,213)
CAPEX	(378)	(2,094)	(1,211)
Cash from investing activities	(20,137)	(13,058)	(1,109)
Cash from financing activities	(5,234)	(15,262)	(19,066)
FCF	16,724	(10,326)	5,557
Balance
Cash	189,993	178,211	150,144
Long term investments	(20,256)	(11,474)	(2,047)
Excess cash	153,527	153,734	135,277
Stockholders' equity	116,497	192,327	199,534
Invested Capital	53,988	(3,807)	25,902
ROIC	48.68%	32.01%
ROCE	10.23%	3.51%	2.53%
EV
Common stock shares outstanding	29,938	29,938	29,938
Price	3.78 81.73%	2.08 -35.80%	3.24 -25.69%
Market cap	113,165 81.73%	62,271 -35.80%	96,999 -25.69%
EV	9,733	51,371	101,915
EBITDA	22,708	11,334	10,176
EV/EBITDA	0.43	4.53	10.02
Interest	1,816	1,822	1,219
Interest/NOPBT	10.42%	34.51%	29.79%