Every fourth listed company since the beginning of 2011, in each quarter have recorded a net profit.

Fortunately on Warsaw stock exchange there are companies which better or worse cope with the crisis and since the beginning of 2011 have not recorded even one quarterly loss. We have found 93 such companies, excluding banks and insurance companies, and Inter Cars SA is among them. Good financial position of most of them is reflected in their share price. On average, the share price of the companies on our list went up by almost 24% since the beginning of the year, whereas the whole market index (WIG) lost almost 2 per cent. More representative will be indexes of smaller and medium companies mWIG40 and sWIG80, as most of companies from the rank are medium and small ones. But also here the results of aforementioned companies from our rank is better than the indexes.

Methodology of our rank

We have selected the companies, which since the beginning of 2011, in each following quarter. have recorded a net profit. In the rank we have taken into account such financial parameters as: revenues dynamics quarter on quarter, net profit margin, return on equity (average value in each quarter). Additionally we have granted points to those companies, which were not too much in debts. For this reason we have used two parameters: Totality of debts (liabilities to assets) and equity capital to current debt.

Assessment ratio of best issuers

Dynamics of sales revenues shows in per cent, by how much revenues from core business of the company went up. In our analysis we have take a quarter on quarter growth and average values since the beginning of 2011.
Net profit margin is a comparison of net profit to sales revenues.
ROE factor, i.e. return on equity (average value for each quarter). Informs about the size of net profit which is returned from one unit of invested capital. The bigger, the better.
Debt ratio compares liabilities in total to value of assets.
C/Z – popular factor comparing the share price to net profit.
C/WK – compares the share price to book value of a share.

source: Parkiet
Warszawa
12-09-13
DZ. / No 212

 

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