Kutjevo d.d (ZGSE:KTJV) - Share price, News & Analysis

KTJV fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

KTJV Overview

Kutjevo d.d. produces and trades in agricultural and food products in Croatia.

Rewards

PE ratio (10.8x) is below the HR market (16.7x)

Earnings have grown 42.2% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap (HRK311M)

Price History & Performance

Summary of all time highs, changes and price drops for Kutjevo d.d
Historical stock prices
Current Share Price	Kn43.80
52 Week High	Kn24.40
52 Week Low	Kn43.80
Beta	-0.057
1 Month Change	4.29%
3 Month Change	11.74%
1 Year Change	52.08%
3 Year Change	33.54%
5 Year Change	119.66%
Change since IPO	-64.96%

Shareholder Returns

	KTJV	HR Beverage	HR Market
7D	0%	2.2%	0.6%
1Y	52.1%	25.8%	15.8%

Return vs Industry: KTJV exceeded the HR Beverage industry which returned 25.8% over the past year.

Return vs Market: KTJV exceeded the HR Market which returned 15.8% over the past year.

Price Volatility

Is KTJV's price volatile compared to industry and market?
KTJV volatility
KTJV Beta	-0.057
Industry Beta	0.82
Market Beta	1

Stable Share Price: Insufficient data to determine KTJV's volatility over the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
n/a	680	Enver Moralic	https://www.kutjevo.com

Kutjevo d.d. produces and trades in agricultural and food products in Croatia. It is involved in the wine, crop, and livestock production activities. The company offers its wine products under the Grasevina, Pinot crni, Rose, Maximo, Traminac, Chardonnay, and other brand names.

Kutjevo d.d Fundamentals Summary

How do Kutjevo d.d's earnings and revenue compare to its market cap?
KTJV fundamental statistics
Market Cap	Kn311.25m
Earnings (TTM)	Kn28.75m
Revenue (TTM)	Kn310.59m

10.8x

P/E Ratio

1.0x

P/S Ratio

Is KTJV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
KTJV income statement (TTM)
Revenue	Kn310.59m
Cost of Revenue	Kn186.67m
Gross Profit	Kn123.92m
Expenses	Kn95.17m
Earnings	Kn28.75m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	4.05
Gross Margin	39.90%
Net Profit Margin	9.26%
Debt/Equity Ratio	18.1%

How did KTJV perform over the long term?

See historical performance and comparison

Valuation

Is Kutjevo d.d undervalued compared to its fair value and its price relative to the market?

10.83x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: KTJV (HRK43.8) is trading above our estimate of fair value (HRK2.26)

Significantly Below Fair Value: KTJV is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: KTJV is good value based on its PE Ratio (10.8x) compared to the European Beverage industry average (27.6x).

PE vs Market: KTJV is good value based on its PE Ratio (10.8x) compared to the HR market (16.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KTJV's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: KTJV is good value based on its PB Ratio (0.7x) compared to the XE Beverage industry average (2.6x).

Future Growth

How is Kutjevo d.d forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.8%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kutjevo d.d has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Kutjevo d.d performed over the past 5 years?

42.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KTJV has high quality earnings.

Growing Profit Margin: KTJV's current net profit margins (9.3%) are higher than last year (9.2%).

Past Earnings Growth Analysis

Earnings Trend: KTJV's earnings have grown significantly by 42.2% per year over the past 5 years.

Accelerating Growth: KTJV's earnings growth over the past year (5.5%) is below its 5-year average (42.2% per year).

Earnings vs Industry: KTJV earnings growth over the past year (5.5%) underperformed the Beverage industry 17%.

Return on Equity

High ROE: KTJV's Return on Equity (6.7%) is considered low.

Financial Health

How is Kutjevo d.d's financial position?

Financial Position Analysis

Short Term Liabilities: KTJV's short term assets (HRK250.1M) exceed its short term liabilities (HRK88.1M).

Long Term Liabilities: KTJV's short term assets (HRK250.1M) exceed its long term liabilities (HRK49.6M).

Debt to Equity History and Analysis

Debt Level: KTJV's debt to equity ratio (18.1%) is considered satisfactory.

Reducing Debt: KTJV's debt to equity ratio has reduced from 38.6% to 18.1% over the past 5 years.

Debt Coverage: KTJV's debt is well covered by operating cash flow (25.6%).

Interest Coverage: KTJV's interest payments on its debt are well covered by EBIT (13.4x coverage).

Balance Sheet

Dividend

What is Kutjevo d.d current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate KTJV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KTJV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KTJV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KTJV's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KTJV's dividend in 3 years as they are not forecast to pay a notable one for the HR market.

Next Steps

Explore strong dividend paying companies in the Food, Beverage & Tobacco industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Enver Moralic

1.67yrs

Tenure

Mr. Enver Moralic serves as Chairman of the Management Board at Kutjevo d.d. since 2020. He served as President of Supervisory Board at Kutjevo D.D. since September 23, 2015 until 2020 and served as its Me...

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2021/09/24 16:00
End of Day Share Price	2021/09/13 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data