How does CHX's PE Ratio compare to its peers?

CHX is good value based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (27.2x).

How does CHX's PE Ratio compare vs other companies in the European Chemicals Industry?

CHX is good value based on its Price-To-Earnings Ratio (7.6x) compared to the European Chemicals industry average (12.7x).

What is CHX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHX is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

What is the Fair Price of CHX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHX (€12.04) is trading below our estimate of [[fair value]] (€29.51)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Ciech (DB:CHX) - Stock Price, News & Analysis

CHX Stock Overview

Ciech S.A. manufactures and sells various chemical products in Poland, other European Union countries, Africa, Asia, and internationally. More details

CHX fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 59.2% below our estimate of its fair value

Earnings are forecast to grow 4.84% per year

Earnings grew by 29.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 13.68% is not well covered by cash flows

Has a high level of debt

Ciech S.A. Competitors

SIMONA

DB:SIM0

€339.0m

Fuchs

XTRA:FPE3

€5.0b

AlzChem Group

XTRA:ACT

€598.4m

Sto SE KGaA

XTRA:STO3

€736.4m

Price History & Performance

Summary of all time highs, changes and price drops for Ciech
Historical stock prices
Current Share Price	zł12.04
52 Week High	zł13.30
52 Week Low	zł8.66
Beta	0.94
11 Month Change	0%
3 Month Change	5.61%
1 Year Change	34.60%
33 Year Change	84.38%
5 Year Change	15.33%
Change since IPO	-18.37%

Recent updates

Shareholder Returns

	CHX	DE Chemicals	DE Market
7D	0%	-0.9%	0.8%
1Y	34.6%	-0.5%	8.6%

Return vs Industry: CHX exceeded the German Chemicals industry which returned -5.4% over the past year.

Return vs Market: CHX exceeded the German Market which returned 4.3% over the past year.

Price Volatility

Is CHX's price volatile compared to industry and market?
CHX volatility
CHX Average Weekly Movement	n/a
Chemicals Industry Average Movement	4.2%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: CHX has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine CHX's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1945	3,343	Kamil Majczak	www.ciechgroup.com

Ciech S.A. manufactures and sells various chemical products in Poland, other European Union countries, Africa, Asia, and internationally. It operates through Soda, Foam, Silicates, and Packaging segments. The company offers soda ash and baking soda, evaporated salt, agrochemical products, polyurethane foams, lanterns and jars, and sodium and potassium silicates.

Ciech S.A. Fundamentals Summary

How do Ciech's earnings and revenue compare to its market cap?
CHX fundamental statistics
Market cap	€641.78m
Earnings (TTM)	€84.45m
Revenue (TTM)	€1.29b

7.6x

P/E Ratio

0.5x

P/S Ratio

Is CHX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CHX income statement (TTM)
Revenue	zł5.61b
Cost of Revenue	zł4.55b
Gross Profit	zł1.06b
Other Expenses	zł692.32m
Earnings	zł367.53m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	6.97
Gross Margin	18.90%
Net Profit Margin	6.55%
Debt/Equity Ratio	77.8%

How did CHX perform over the long term?

See historical performance and comparison

Dividends

13.7%

Current Dividend Yield

82%

Payout Ratio

CHX Stock Overview

Rewards

Risk Analysis

Ciech S.A. Competitors

DB:SIM0

€339.0m

XTRA:FPE3

€5.0b

XTRA:ACT

€598.4m

XTRA:STO3

€736.4m

Price History & Performance

Recent News & Updates

Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).

Ciech S.A. to Report Q3, 2024 Results on Nov 15, 2024

Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).

KI Chemistry One Step Closer to Delisting Ciech

KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock Exchange

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.

Recent updates

Qemetica S.A. completed the acquisition of Silicas Products Business of PPG Industries, Inc. from PPG Industries, Inc. (NYSE:PPG).

Ciech S.A. to Report Q3, 2024 Results on Nov 15, 2024

Ki Chemistry S.à R.L. completed the acquisition of remaining 22.3% stake in Ciech S.A. (WSE:CIE).

KI Chemistry One Step Closer to Delisting Ciech

KI Chemistry Plans to Withdraw Ciech from the Warsaw Stock Exchange

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.

Ciech Chemicals Shareholders Approve Additional Dividend, Payable on July 17, 2023

Ciech S.A., Annual General Meeting, Jun 22, 2023

Ciech Announces Board Changes

Kulczyk Investment Group Moots Plan to Delist Ciech from the Warsaw Stock Exchange

Ciech S.A. to Report Q3, 2023 Results on Nov 16, 2023

Upcoming dividend of zł1.50 per share

Third quarter 2022 earnings released: EPS: zł1.62 (vs zł0.79 in 3Q 2021)

Ciech S.A. Revises Earnings Guidance for the Full Year 2022

Ciech Announces Dividend for 2022, Payable on December 29, 2022

Second quarter 2022 earnings released: EPS: zł0.85 (vs zł0.29 in 2Q 2021)

Ciech Recommends Dividend for 2022

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: zł1.98 (vs zł2.18 in 1Q 2021)

Now 21% undervalued after recent price drop

Ciech Provides Revenue Guidance for the Full Year 2022

Ciech S.A., Annual General Meeting, Apr 28, 2022

Full year 2021 earnings released: EPS: zł5.55 (vs zł2.36 in FY 2020)

Now 22% undervalued after recent price drop

Ciech S.A. to Report Q3, 2022 Results on Nov 17, 2022

Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint

Second quarter 2021 earnings released: EPS zł0.29 (vs zł0.082 loss in 2Q 2020)

Investor sentiment deteriorated over the past week

Upcoming dividend of zł3.00 per share

First quarter 2021 earnings released: EPS zł2.18 (vs zł0.77 in 1Q 2020)

Ciech Announces Production Guidance for the Year 2022

Ciech S.A. Proposes Dividend for 2020

Full year 2020 earnings released: EPS zł2.36 (vs zł2.02 in FY 2019)

New 90-day high: €8.00

Ciech S.A. to Report Q3, 2021 Results on Nov 25, 2021

New 90-day high: €7.74

Third quarter 2020 earnings released: EPS zł0.70

Revenue misses expectations

New 90-day high: €7.00

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day low: €5.07

First half earnings released

New 90-day low - €6.35

New 90-day low - €6.38

LERG SA signed a preliminary agreement to acquire Ciech Zywice Sp. z o.o. from Ciech S.A. (WSE:CIE) for PLN 160 million.