This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCiech（CHX）株式概要Ciech S.A. manufactures and sells various chemical products in Poland, other European Union countries, Africa, Asia, and internationally. 詳細CHX ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長1/6過去の実績4/6財務の健全性4/6配当金4/6報酬当社が推定した公正価値より59.2%で取引されている 収益は年間4.84%増加すると予測されています 過去1年間で収益は29.9%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析13.68%の配当はフリーキャッシュフローで十分にカバーされていない 多額の負債を抱えている すべてのリスクチェックを見るCHX Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€12.0469.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-20m6b2016201920222025202620282031Revenue zł5.0bEarnings zł324.7mAdvancedSet Fair ValueView all narrativesCiech S.A. 競合他社SIMONASymbol: DB:SIM0Market cap: €327.0mFuchsSymbol: XTRA:FPE3Market cap: €4.5bAlzChem GroupSymbol: XTRA:ACTMarket cap: €1.7bSto SE KGaASymbol: XTRA:STO3Market cap: €659.3m価格と性能株価の高値、安値、推移の概要Ciech過去の株価現在の株価zł12.0452週高値zł13.3052週安値zł8.66ベータ0.941ヶ月の変化0%3ヶ月変化5.61%1年変化34.60%3年間の変化84.38%5年間の変化15.33%IPOからの変化-18.37%最新ニュースお知らせ • Nov 26Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).Qemetica S.A. agreed to acquire Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) for $310 million on August 29, 2024. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The transaction is the result of PPG’s evaluation of strategic alternatives for the business. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions and approvals from antitrust authorities. Morgan Stanley & Co. LLC acted as financial advisor for PPG Industries, Inc. Hogan Lovells US LLP acted as legal advisor for PPG Industries, Inc. Dariusz Tokarczuk and Marta Karminska of Gide Warsaw acted as legal advisor for Qemetica S.A.. Greenberg Traurig, LLP acted as legal advisor for Qemetica S.A.. White & Case LLP has advised BNP Paribas Bank Polska S.A. as the sole underwriter on the financing package. Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) on November 25, 2024お知らせ • Jan 31+ 2 more updatesCiech S.A. to Report Q3, 2024 Results on Nov 15, 2024Ciech S.A. announced that they will report Q3, 2024 results on Nov 15, 2024お知らせ • Nov 09Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18, 2023 and will last until September 25, 2023. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading. As on September 29, 2023, Ki Chemistry has bought 14.75% of Ciech through the regulated market. Ki Chemistry now holds 92.45%. Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE) on November 7, 2023. KI Chemistry announced a procedure of squeeze-out of minority shareholders after owning 2.41 million of shares or 4.57% in Ciech. The compulsory squeeze-out will be launched on November 7, 2023 with the redemption date set on November 17, 2023.お知らせ • Oct 18KI Chemistry One Step Closer to Delisting CiechThe minority shareholders of Ciech S.A. have sold 2.98% of Ciech shares to KI Chemistry, a unit of the Kulczyk Investments group controlled by Sebastian Kulczyk. Following the transactions, KI Chemistry's share in Ciech's share capital has increased from 92.45% to 95.43%, as a result of which the company has reaffirmed its intention to proceed with the squeeze-out and then delist Ciech from the Warsaw Stock Exchange (GPW).お知らせ • Oct 01KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock ExchangeKI Chemistry, a company from Kulczyk Investments Group which owns 92.45% of Ciech shares, intends to withdraw the chemical company from the Warsaw Stock Exchange (GPW). Minority shareholders will have another opportunity to sell their shares to a strategic investor for PLN 54.25 each under the share sale invitation announced on September 29, 2023. Sales offers will be accepted from October 4, 2023 to October 10, 2023. In case KI Chemistry reaches a threshold of at least 95% of the total number of votes at the General Meeting of Ciech S.A. as a result of the transaction settlement, KI Chemistry plans to conduct a compulsory buyout of shares belonging to the remaining shareholders.お知らせ • Sep 20Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million.Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18 and will last until September 25. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading.最新情報をもっと見るRecent updatesお知らせ • Nov 26Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).Qemetica S.A. agreed to acquire Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) for $310 million on August 29, 2024. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The transaction is the result of PPG’s evaluation of strategic alternatives for the business. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions and approvals from antitrust authorities. Morgan Stanley & Co. LLC acted as financial advisor for PPG Industries, Inc. Hogan Lovells US LLP acted as legal advisor for PPG Industries, Inc. Dariusz Tokarczuk and Marta Karminska of Gide Warsaw acted as legal advisor for Qemetica S.A.. Greenberg Traurig, LLP acted as legal advisor for Qemetica S.A.. White & Case LLP has advised BNP Paribas Bank Polska S.A. as the sole underwriter on the financing package. Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) on November 25, 2024お知らせ • Jan 31+ 2 more updatesCiech S.A. to Report Q3, 2024 Results on Nov 15, 2024Ciech S.A. announced that they will report Q3, 2024 results on Nov 15, 2024お知らせ • Nov 09Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18, 2023 and will last until September 25, 2023. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading. As on September 29, 2023, Ki Chemistry has bought 14.75% of Ciech through the regulated market. Ki Chemistry now holds 92.45%. Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE) on November 7, 2023. KI Chemistry announced a procedure of squeeze-out of minority shareholders after owning 2.41 million of shares or 4.57% in Ciech. The compulsory squeeze-out will be launched on November 7, 2023 with the redemption date set on November 17, 2023.お知らせ • Oct 18KI Chemistry One Step Closer to Delisting CiechThe minority shareholders of Ciech S.A. have sold 2.98% of Ciech shares to KI Chemistry, a unit of the Kulczyk Investments group controlled by Sebastian Kulczyk. Following the transactions, KI Chemistry's share in Ciech's share capital has increased from 92.45% to 95.43%, as a result of which the company has reaffirmed its intention to proceed with the squeeze-out and then delist Ciech from the Warsaw Stock Exchange (GPW).お知らせ • Oct 01KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock ExchangeKI Chemistry, a company from Kulczyk Investments Group which owns 92.45% of Ciech shares, intends to withdraw the chemical company from the Warsaw Stock Exchange (GPW). Minority shareholders will have another opportunity to sell their shares to a strategic investor for PLN 54.25 each under the share sale invitation announced on September 29, 2023. Sales offers will be accepted from October 4, 2023 to October 10, 2023. In case KI Chemistry reaches a threshold of at least 95% of the total number of votes at the General Meeting of Ciech S.A. as a result of the transaction settlement, KI Chemistry plans to conduct a compulsory buyout of shares belonging to the remaining shareholders.お知らせ • Sep 20Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million.Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18 and will last until September 25. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading.お知らせ • Jun 23Ciech Chemicals Shareholders Approve Additional Dividend, Payable on July 17, 2023Ciech chemicals shareholders approved an additional dividend payout at PLN 5.75 DPS on top of PLN 1.5 in already paid advance dividend. The decision is in line with an earlier offer to minority shareholders by leading shareholder KI Chemistry. Rights to the dividend will be set on June 27 and the payment will be made on July 17.お知らせ • May 27Ciech S.A., Annual General Meeting, Jun 22, 2023Ciech S.A., Annual General Meeting, Jun 22, 2023, at 16:00 Central European Standard Time.お知らせ • May 26+ 1 more updateCiech Announces Board ChangesCiech appointed Marcin Puziak as a new management board member, following resignation of Jaroslaw Romanowski.お知らせ • Feb 16Kulczyk Investment Group Moots Plan to Delist Ciech from the Warsaw Stock ExchangeKulczyk Investment Group announced a plan on February 13 to run a tender offer to increase its share in chemical producer Ciech S.A. (WSE:CIE) from the current 51% to 100% and delist the company from the Warsaw Stock Exchange. The plan will be carried out via Ciech's key shareholder Ki Chemistry S.à R.L., which is owned by Kulczyk Investment Group. KI Chemistry said that it plans to buy 25.7 million Ciech shares at PLN 49 (€10.26) per share. Ciech shares surged 7.2% to PLN 51 at the end of the day's trading on February 13. At midday of February 14, the company's stocks were down 0.29% to PLN 50.85. KI Chemistry said in a statement that it plans to announce the tender offer in the first half of March.お知らせ • Jan 20+ 3 more updatesCiech S.A. to Report Q3, 2023 Results on Nov 16, 2023Ciech S.A. announced that they will report Q3, 2023 results on Nov 16, 2023Upcoming Dividend • Dec 14Upcoming dividend of zł1.50 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 29 December 2022. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.6%).Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł1.62 (vs zł0.79 in 3Q 2021)Third quarter 2022 results: EPS: zł1.62 (up from zł0.79 in 3Q 2021). Revenue: zł1.41b (up 82% from 3Q 2021). Net income: zł85.3m (up 105% from 3Q 2021). Profit margin: 6.1% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 25Ciech S.A. Revises Earnings Guidance for the Full Year 2022Ciech S.A. revised earnings guidance for the full year 2022. For the year, the company expected revenue to be in the range of PLN 5.25 billion to PLN 5.45 billion up from the previous guidance range of PLN 4.30 billion to PLN 4.50 billion.お知らせ • Nov 16Ciech Announces Dividend for 2022, Payable on December 29, 2022Ciech wants to pay out PLN 79.05 million in advance dividend for 2022 or PLN 1.50 per share, in line with earlier plans, Rights will be set on December 22, and the payout made on December 29, 2022.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: zł0.85 (vs zł0.29 in 2Q 2021)Second quarter 2022 results: EPS: zł0.85 (up from zł0.29 in 2Q 2021). Revenue: zł1.24b (up 48% from 2Q 2021). Net income: zł44.9m (up 194% from 2Q 2021). Profit margin: 3.6% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.0%, compared to a 2.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Aug 26Ciech Recommends Dividend for 2022Ciech recommended paying PLN 1.50 advance DPS from 2022 earnings, or PLN 79 million in total.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Chemicals industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.75 per share.Reported Earnings • May 20First quarter 2022 earnings released: EPS: zł1.98 (vs zł2.18 in 1Q 2021)First quarter 2022 results: EPS: zł1.98 (down from zł2.18 in 1Q 2021). Revenue: zł1.24b (up 44% from 1Q 2021). Net income: zł104.3m (down 9.0% from 1Q 2021). Profit margin: 8.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.0%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Buying Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €11.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to decline by 22% in the next 2 years.お知らせ • Apr 20Ciech Provides Revenue Guidance for the Full Year 2022Ciech provided revenue guidance for the full year 2022. For the period, the company expected to sport PLN 4.3- PLN 4.5 billion in revenues.お知らせ • Apr 04Ciech S.A., Annual General Meeting, Apr 28, 2022Ciech S.A., Annual General Meeting, Apr 28, 2022, at 11:00 Central European Standard Time.Reported Earnings • Mar 31Full year 2021 earnings released: EPS: zł5.55 (vs zł2.36 in FY 2020)Full year 2021 results: EPS: zł5.55 (up from zł2.36 in FY 2020). Revenue: zł3.46b (up 16% from FY 2020). Net income: zł292.4m (up 135% from FY 2020). Profit margin: 8.5% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.9%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Buying Opportunity • Feb 26Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be zł10.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.お知らせ • Jan 28+ 3 more updatesCiech S.A. to Report Q3, 2022 Results on Nov 17, 2022Ciech S.A. announced that they will report Q3, 2022 results on Nov 17, 2022Reported Earnings • Nov 28Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: zł0.79 (up from zł0.70 in 3Q 2020). Revenue: zł772.1m (up 12% from 3Q 2020). Net income: zł41.6m (up 13% from 3Q 2020). Profit margin: 5.4% (in line with 3Q 2020). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 5.5%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 25Second quarter 2021 earnings released: EPS zł0.29 (vs zł0.082 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł834.7m (up 21% from 2Q 2020). Net income: zł15.3m (up zł19.8m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł9.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Chemicals industry in Germany. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.51 per share.Upcoming Dividend • Jun 22Upcoming dividend of zł3.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 08 July 2021. Trailing yield: 6.3%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%).Reported Earnings • May 28First quarter 2021 earnings released: EPS zł2.18 (vs zł0.77 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł861.1m (up 9.1% from 1Q 2020). Net income: zł114.6m (up 197% from 1Q 2020). Profit margin: 13% (up from 4.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • May 21+ 1 more updateCiech Announces Production Guidance for the Year 2022Ciech announced production guidance for the year 2022. The company expects the production capacity of the plant will come to ca. 450k tons of evaporated salt per annum. The target production capacity is planned to be achieved in 2022, along with the introduction of a full range of products into the offer, including, among others, salt for pharmaceutical applications," the company elaborated.お知らせ • May 19Ciech S.A. Proposes Dividend for 2020Ciech S.A. proposed dividend of PLN 3.0 per share for 2020.Reported Earnings • Apr 25Full year 2020 earnings released: EPS zł2.36 (vs zł2.02 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.98b (down 8.2% from FY 2019). Net income: zł124.4m (up 17% from FY 2019). Profit margin: 4.2% (up from 3.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 10New 90-day high: €8.00The company is up 23% from its price of €6.49 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.78 per share.お知らせ • Jan 23+ 3 more updatesCiech S.A. to Report Q3, 2021 Results on Nov 25, 2021Ciech S.A. announced that they will report Q3, 2021 results on Nov 25, 2021Is New 90 Day High Low • Jan 20New 90-day high: €7.74The company is up 37% from its price of €5.66 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.13 per share.Reported Earnings • Nov 20Third quarter 2020 earnings released: EPS zł0.70The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: zł690.5m (down 19% from 3Q 2019). Net income: zł37.0m (up zł36.1m from 3Q 2019). Profit margin: 5.4% (up from 0.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 20Revenue misses expectationsRevenue missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 8.4%, compared to a 3.7% growth forecast for the Chemicals industry in Germany.Is New 90 Day High Low • Nov 19New 90-day high: €7.00The company is up 6.0% from its price of €6.59 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.16 per share.Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to zł6.49, the stock is trading at a trailing P/E ratio of 23.8x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 25x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 47%.Valuation Update With 7 Day Price Move • Oct 24Market bids up stock over the past weekAfter last week's 15% share price gain to zł5.84, the stock is trading at a trailing P/E ratio of 21.8x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 31x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 52%.Is New 90 Day High Low • Oct 16New 90-day low: €5.07The company is down 23% from its price of €6.61 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.70 per share.お知らせ • Jul 22LERG SA signed a preliminary agreement to acquire Ciech Zywice Sp. z o.o. from Ciech S.A. (WSE:CIE) for PLN 160 million.LERG SA signed a preliminary agreement to acquire Ciech Zywice Sp. z o.o. from Ciech S.A. (WSE:CIE) for PLN 160 million on July 20, 2020. Ciech agreed to sell 0.07 million shares of Ciech Zywice. EV/EBITDA transaction multiplier calculated for the last twelve months is 7.6x. In 2019, revenues of Ciech Zywice reached PLN 298 million. Closing of the transaction is scheduled within several months, after the parties to the transaction have met certain standard conditions, including consent of the Office of Competition and Consumer Protection UOKiK and necessary regulatory approvals.株主還元CHXDE ChemicalsDE 市場7D0%-1.3%3.9%1Y34.6%3.6%2.6%株主還元を見る業界別リターン: CHX過去 1 年間で3.6 % の収益を上げたGerman Chemicals業界を上回りました。リターン対市場: CHX過去 1 年間で2.6 % の収益を上げたGerman市場を上回りました。価格変動Is CHX's price volatile compared to industry and market?CHX volatilityCHX Average Weekly Movementn/aChemicals Industry Average Movement6.0%Market Average Movement6.1%10% most volatile stocks in DE Market12.9%10% least volatile stocks in DE Market2.7%安定した株価: CHX 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 過去 1 年間のCHXのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト19453,343Kamil Majczakwww.ciechgroup.comもっと見るCiech S.A. 基礎のまとめCiech の収益と売上を時価総額と比較するとどうか。CHX 基礎統計学時価総額€641.78m収益（TTM）€84.45m売上高(TTM)€1.29b7.6xPER（株価収益率0.5xP/SレシオCHX は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CHX 損益計算書（TTM）収益zł5.61b売上原価zł4.55b売上総利益zł1.06bその他の費用zł692.32m収益zł367.53m直近の収益報告Sep 30, 2023次回決算日該当なし一株当たり利益（EPS）6.97グロス・マージン18.90%純利益率6.55%有利子負債／自己資本比率77.8%CHX の長期的なパフォーマンスは？過去の実績と比較を見る配当金13.7%現在の配当利回り82%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/01/05 18:20終値2023/11/15 00:00収益2023/09/30年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ciech S.A. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Kamil KliszczBiuro maklerskie mBankuWlodzimierz GillerCitigroup IncHenning EsskuchenErste Group Bank AG4 その他のアナリストを表示
お知らせ • Nov 26Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).Qemetica S.A. agreed to acquire Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) for $310 million on August 29, 2024. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The transaction is the result of PPG’s evaluation of strategic alternatives for the business. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions and approvals from antitrust authorities. Morgan Stanley & Co. LLC acted as financial advisor for PPG Industries, Inc. Hogan Lovells US LLP acted as legal advisor for PPG Industries, Inc. Dariusz Tokarczuk and Marta Karminska of Gide Warsaw acted as legal advisor for Qemetica S.A.. Greenberg Traurig, LLP acted as legal advisor for Qemetica S.A.. White & Case LLP has advised BNP Paribas Bank Polska S.A. as the sole underwriter on the financing package. Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) on November 25, 2024
お知らせ • Jan 31+ 2 more updatesCiech S.A. to Report Q3, 2024 Results on Nov 15, 2024Ciech S.A. announced that they will report Q3, 2024 results on Nov 15, 2024
お知らせ • Nov 09Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18, 2023 and will last until September 25, 2023. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading. As on September 29, 2023, Ki Chemistry has bought 14.75% of Ciech through the regulated market. Ki Chemistry now holds 92.45%. Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE) on November 7, 2023. KI Chemistry announced a procedure of squeeze-out of minority shareholders after owning 2.41 million of shares or 4.57% in Ciech. The compulsory squeeze-out will be launched on November 7, 2023 with the redemption date set on November 17, 2023.
お知らせ • Oct 18KI Chemistry One Step Closer to Delisting CiechThe minority shareholders of Ciech S.A. have sold 2.98% of Ciech shares to KI Chemistry, a unit of the Kulczyk Investments group controlled by Sebastian Kulczyk. Following the transactions, KI Chemistry's share in Ciech's share capital has increased from 92.45% to 95.43%, as a result of which the company has reaffirmed its intention to proceed with the squeeze-out and then delist Ciech from the Warsaw Stock Exchange (GPW).
お知らせ • Oct 01KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock ExchangeKI Chemistry, a company from Kulczyk Investments Group which owns 92.45% of Ciech shares, intends to withdraw the chemical company from the Warsaw Stock Exchange (GPW). Minority shareholders will have another opportunity to sell their shares to a strategic investor for PLN 54.25 each under the share sale invitation announced on September 29, 2023. Sales offers will be accepted from October 4, 2023 to October 10, 2023. In case KI Chemistry reaches a threshold of at least 95% of the total number of votes at the General Meeting of Ciech S.A. as a result of the transaction settlement, KI Chemistry plans to conduct a compulsory buyout of shares belonging to the remaining shareholders.
お知らせ • Sep 20Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million.Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18 and will last until September 25. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading.
お知らせ • Nov 26Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).Qemetica S.A. agreed to acquire Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) for $310 million on August 29, 2024. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The transaction is the result of PPG’s evaluation of strategic alternatives for the business. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions and approvals from antitrust authorities. Morgan Stanley & Co. LLC acted as financial advisor for PPG Industries, Inc. Hogan Lovells US LLP acted as legal advisor for PPG Industries, Inc. Dariusz Tokarczuk and Marta Karminska of Gide Warsaw acted as legal advisor for Qemetica S.A.. Greenberg Traurig, LLP acted as legal advisor for Qemetica S.A.. White & Case LLP has advised BNP Paribas Bank Polska S.A. as the sole underwriter on the financing package. Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG) on November 25, 2024
お知らせ • Jan 31+ 2 more updatesCiech S.A. to Report Q3, 2024 Results on Nov 15, 2024Ciech S.A. announced that they will report Q3, 2024 results on Nov 15, 2024
お知らせ • Nov 09Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18, 2023 and will last until September 25, 2023. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading. As on September 29, 2023, Ki Chemistry has bought 14.75% of Ciech through the regulated market. Ki Chemistry now holds 92.45%. Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE) on November 7, 2023. KI Chemistry announced a procedure of squeeze-out of minority shareholders after owning 2.41 million of shares or 4.57% in Ciech. The compulsory squeeze-out will be launched on November 7, 2023 with the redemption date set on November 17, 2023.
お知らせ • Oct 18KI Chemistry One Step Closer to Delisting CiechThe minority shareholders of Ciech S.A. have sold 2.98% of Ciech shares to KI Chemistry, a unit of the Kulczyk Investments group controlled by Sebastian Kulczyk. Following the transactions, KI Chemistry's share in Ciech's share capital has increased from 92.45% to 95.43%, as a result of which the company has reaffirmed its intention to proceed with the squeeze-out and then delist Ciech from the Warsaw Stock Exchange (GPW).
お知らせ • Oct 01KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock ExchangeKI Chemistry, a company from Kulczyk Investments Group which owns 92.45% of Ciech shares, intends to withdraw the chemical company from the Warsaw Stock Exchange (GPW). Minority shareholders will have another opportunity to sell their shares to a strategic investor for PLN 54.25 each under the share sale invitation announced on September 29, 2023. Sales offers will be accepted from October 4, 2023 to October 10, 2023. In case KI Chemistry reaches a threshold of at least 95% of the total number of votes at the General Meeting of Ciech S.A. as a result of the transaction settlement, KI Chemistry plans to conduct a compulsory buyout of shares belonging to the remaining shareholders.
お知らせ • Sep 20Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million.Ki Chemistry S.à R.L. made a bid to acquire the remaining 22.3% stake in Ciech S.A. (WSE:CIE) for approximately PLN 640 million on September 18, 2023. KI Chemistry intends to acquire up to 11.75 million shares in CIECH for PLN 54.25 offer per share representing approximately 22.3% of the company's share capital and thus increase its share to 100%. Acceptance of sales offers starts on September 18 and will last until September 25. The expected date of settlement of the transaction and purchase of shares is September 28, 2023. If the transaction settles the threshold of at least 95% of the total number of votes at the general meeting of CIECH, KI Chemistry intends to carry out a compulsory buyout of shares belonging to the remaining shareholders, and then delist the company's shares from stock exchange trading.
お知らせ • Jun 23Ciech Chemicals Shareholders Approve Additional Dividend, Payable on July 17, 2023Ciech chemicals shareholders approved an additional dividend payout at PLN 5.75 DPS on top of PLN 1.5 in already paid advance dividend. The decision is in line with an earlier offer to minority shareholders by leading shareholder KI Chemistry. Rights to the dividend will be set on June 27 and the payment will be made on July 17.
お知らせ • May 27Ciech S.A., Annual General Meeting, Jun 22, 2023Ciech S.A., Annual General Meeting, Jun 22, 2023, at 16:00 Central European Standard Time.
お知らせ • May 26+ 1 more updateCiech Announces Board ChangesCiech appointed Marcin Puziak as a new management board member, following resignation of Jaroslaw Romanowski.
お知らせ • Feb 16Kulczyk Investment Group Moots Plan to Delist Ciech from the Warsaw Stock ExchangeKulczyk Investment Group announced a plan on February 13 to run a tender offer to increase its share in chemical producer Ciech S.A. (WSE:CIE) from the current 51% to 100% and delist the company from the Warsaw Stock Exchange. The plan will be carried out via Ciech's key shareholder Ki Chemistry S.à R.L., which is owned by Kulczyk Investment Group. KI Chemistry said that it plans to buy 25.7 million Ciech shares at PLN 49 (€10.26) per share. Ciech shares surged 7.2% to PLN 51 at the end of the day's trading on February 13. At midday of February 14, the company's stocks were down 0.29% to PLN 50.85. KI Chemistry said in a statement that it plans to announce the tender offer in the first half of March.
お知らせ • Jan 20+ 3 more updatesCiech S.A. to Report Q3, 2023 Results on Nov 16, 2023Ciech S.A. announced that they will report Q3, 2023 results on Nov 16, 2023
Upcoming Dividend • Dec 14Upcoming dividend of zł1.50 per shareEligible shareholders must have bought the stock before 21 December 2022. Payment date: 29 December 2022. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.6%).
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: zł1.62 (vs zł0.79 in 3Q 2021)Third quarter 2022 results: EPS: zł1.62 (up from zł0.79 in 3Q 2021). Revenue: zł1.41b (up 82% from 3Q 2021). Net income: zł85.3m (up 105% from 3Q 2021). Profit margin: 6.1% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 25Ciech S.A. Revises Earnings Guidance for the Full Year 2022Ciech S.A. revised earnings guidance for the full year 2022. For the year, the company expected revenue to be in the range of PLN 5.25 billion to PLN 5.45 billion up from the previous guidance range of PLN 4.30 billion to PLN 4.50 billion.
お知らせ • Nov 16Ciech Announces Dividend for 2022, Payable on December 29, 2022Ciech wants to pay out PLN 79.05 million in advance dividend for 2022 or PLN 1.50 per share, in line with earlier plans, Rights will be set on December 22, and the payout made on December 29, 2022.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: zł0.85 (vs zł0.29 in 2Q 2021)Second quarter 2022 results: EPS: zł0.85 (up from zł0.29 in 2Q 2021). Revenue: zł1.24b (up 48% from 2Q 2021). Net income: zł44.9m (up 194% from 2Q 2021). Profit margin: 3.6% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.0%, compared to a 2.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Aug 26Ciech Recommends Dividend for 2022Ciech recommended paying PLN 1.50 advance DPS from 2022 earnings, or PLN 79 million in total.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improved over the past weekAfter last week's 16% share price gain to €7.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Chemicals industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.75 per share.
Reported Earnings • May 20First quarter 2022 earnings released: EPS: zł1.98 (vs zł2.18 in 1Q 2021)First quarter 2022 results: EPS: zł1.98 (down from zł2.18 in 1Q 2021). Revenue: zł1.24b (up 44% from 1Q 2021). Net income: zł104.3m (down 9.0% from 1Q 2021). Profit margin: 8.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.0%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Buying Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €11.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.6% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to decline by 22% in the next 2 years.
お知らせ • Apr 20Ciech Provides Revenue Guidance for the Full Year 2022Ciech provided revenue guidance for the full year 2022. For the period, the company expected to sport PLN 4.3- PLN 4.5 billion in revenues.
お知らせ • Apr 04Ciech S.A., Annual General Meeting, Apr 28, 2022Ciech S.A., Annual General Meeting, Apr 28, 2022, at 11:00 Central European Standard Time.
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: zł5.55 (vs zł2.36 in FY 2020)Full year 2021 results: EPS: zł5.55 (up from zł2.36 in FY 2020). Revenue: zł3.46b (up 16% from FY 2020). Net income: zł292.4m (up 135% from FY 2020). Profit margin: 8.5% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.9%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Buying Opportunity • Feb 26Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be zł10.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years.
お知らせ • Jan 28+ 3 more updatesCiech S.A. to Report Q3, 2022 Results on Nov 17, 2022Ciech S.A. announced that they will report Q3, 2022 results on Nov 17, 2022
Reported Earnings • Nov 28Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: zł0.79 (up from zł0.70 in 3Q 2020). Revenue: zł772.1m (up 12% from 3Q 2020). Net income: zł41.6m (up 13% from 3Q 2020). Profit margin: 5.4% (in line with 3Q 2020). Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 5.5%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 25Second quarter 2021 earnings released: EPS zł0.29 (vs zł0.082 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł834.7m (up 21% from 2Q 2020). Net income: zł15.3m (up zł19.8m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł9.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Chemicals industry in Germany. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.51 per share.
Upcoming Dividend • Jun 22Upcoming dividend of zł3.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 08 July 2021. Trailing yield: 6.3%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%).
Reported Earnings • May 28First quarter 2021 earnings released: EPS zł2.18 (vs zł0.77 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł861.1m (up 9.1% from 1Q 2020). Net income: zł114.6m (up 197% from 1Q 2020). Profit margin: 13% (up from 4.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • May 21+ 1 more updateCiech Announces Production Guidance for the Year 2022Ciech announced production guidance for the year 2022. The company expects the production capacity of the plant will come to ca. 450k tons of evaporated salt per annum. The target production capacity is planned to be achieved in 2022, along with the introduction of a full range of products into the offer, including, among others, salt for pharmaceutical applications," the company elaborated.
お知らせ • May 19Ciech S.A. Proposes Dividend for 2020Ciech S.A. proposed dividend of PLN 3.0 per share for 2020.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS zł2.36 (vs zł2.02 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: zł2.98b (down 8.2% from FY 2019). Net income: zł124.4m (up 17% from FY 2019). Profit margin: 4.2% (up from 3.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 10New 90-day high: €8.00The company is up 23% from its price of €6.49 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.78 per share.
お知らせ • Jan 23+ 3 more updatesCiech S.A. to Report Q3, 2021 Results on Nov 25, 2021Ciech S.A. announced that they will report Q3, 2021 results on Nov 25, 2021
Is New 90 Day High Low • Jan 20New 90-day high: €7.74The company is up 37% from its price of €5.66 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.13 per share.
Reported Earnings • Nov 20Third quarter 2020 earnings released: EPS zł0.70The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: zł690.5m (down 19% from 3Q 2019). Net income: zł37.0m (up zł36.1m from 3Q 2019). Profit margin: 5.4% (up from 0.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 20Revenue misses expectationsRevenue missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 8.4%, compared to a 3.7% growth forecast for the Chemicals industry in Germany.
Is New 90 Day High Low • Nov 19New 90-day high: €7.00The company is up 6.0% from its price of €6.59 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.16 per share.
Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to zł6.49, the stock is trading at a trailing P/E ratio of 23.8x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 25x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 47%.
Valuation Update With 7 Day Price Move • Oct 24Market bids up stock over the past weekAfter last week's 15% share price gain to zł5.84, the stock is trading at a trailing P/E ratio of 21.8x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 31x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 52%.
Is New 90 Day High Low • Oct 16New 90-day low: €5.07The company is down 23% from its price of €6.61 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.70 per share.
お知らせ • Jul 22LERG SA signed a preliminary agreement to acquire Ciech Zywice Sp. z o.o. from Ciech S.A. (WSE:CIE) for PLN 160 million.LERG SA signed a preliminary agreement to acquire Ciech Zywice Sp. z o.o. from Ciech S.A. (WSE:CIE) for PLN 160 million on July 20, 2020. Ciech agreed to sell 0.07 million shares of Ciech Zywice. EV/EBITDA transaction multiplier calculated for the last twelve months is 7.6x. In 2019, revenues of Ciech Zywice reached PLN 298 million. Closing of the transaction is scheduled within several months, after the parties to the transaction have met certain standard conditions, including consent of the Office of Competition and Consumer Protection UOKiK and necessary regulatory approvals.
