BDX

BudimexWSE:BDX Stock Report

Market Cap

zł7.9b

7D

1.6%

1Y

31.5%

Updated

17 Sep, 2021

Data

Company Financials +
BDX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends2/6

BDX Overview

Budimex SA operates as an infrastructure and services company in Poland and internationally.

Share Price & News

How has Budimex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDX is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BDX's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

BDX

-0.02%

PL Construction

-0.5%

PL Market


1 Year Return

31.5%

BDX

53.0%

PL Construction

41.2%

PL Market

Return vs Industry: BDX underperformed the Polish Construction industry which returned 62% over the past year.

Return vs Market: BDX underperformed the Polish Market which returned 41.9% over the past year.


Shareholder returns

BDXIndustryMarket
7 Day1.6%-0.02%-0.5%
30 Day3.7%1.1%3.2%
90 Day9.6%5.6%6.3%
1 Year39.1%31.5%60.0%53.0%44.7%41.2%
3 Year230.5%191.5%157.6%136.2%25.9%18.6%
5 Year104.8%54.5%61.2%35.8%39.7%25.5%

Long-Term Price Volatility Vs. Market

How volatile is Budimex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Budimex Fundamentals Summary

How do Budimex's earnings and revenue compare to its market cap?
BDX fundamental statistics
Market Capzł7.89b
Earnings (TTM)zł599.26m
Revenue (TTM)zł8.16b

13.2x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BDX income statement (TTM)
Revenuezł8.16b
Cost of Revenuezł7.10b
Gross Profitzł1.06b
Expenseszł459.41m
Earningszł599.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)23.48
Gross Margin12.97%
Net Profit Margin7.34%
Debt/Equity Ratio10.5%

How did BDX perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

135%

Payout Ratio

Does BDX pay a reliable dividends?

See BDX dividend history and benchmarks
When do you need to buy BDX by to receive an upcoming dividend?
Budimex dividend dates
Ex Dividend DateOct 08 2021
Dividend Pay DateOct 18 2021
Days until Ex dividend20 days
Days until Dividend pay date30 days

Does BDX pay a reliable dividends?

See BDX dividend history and benchmarks

Valuation

Is Budimex undervalued compared to its fair value and its price relative to the market?

13.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BDX (PLN309) is trading above our estimate of fair value (PLN306.66)

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


Price To Earnings Ratio

PE vs Industry: BDX is poor value based on its PE Ratio (13.2x) compared to the Polish Construction industry average (10.5x).

PE vs Market: BDX is good value based on its PE Ratio (13.2x) compared to the Polish market (13.5x).


Price to Earnings Growth Ratio

PEG Ratio: BDX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BDX is overvalued based on its PB Ratio (5.5x) compared to the PL Construction industry average (1.3x).


Future Growth

How is Budimex forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDX's earnings are forecast to decline over the next 3 years (-13.5% per year).

Earnings vs Market: BDX's earnings are forecast to decline over the next 3 years (-13.5% per year).

High Growth Earnings: BDX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BDX's revenue (1.8% per year) is forecast to grow slower than the Polish market (7.5% per year).

High Growth Revenue: BDX's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDX's Return on Equity is forecast to be high in 3 years time (32.6%)


Past Performance

How has Budimex performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDX has high quality earnings.

Growing Profit Margin: BDX's current net profit margins (7.3%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: BDX's earnings have declined by 1.3% per year over the past 5 years.

Accelerating Growth: BDX's earnings growth over the past year (179%) exceeds its 5-year average (-1.3% per year).

Earnings vs Industry: BDX earnings growth over the past year (179%) exceeded the Construction industry 39.8%.


Return on Equity

High ROE: BDX's Return on Equity (41.7%) is considered outstanding.


Financial Health

How is Budimex's financial position?


Financial Position Analysis

Short Term Liabilities: BDX's short term assets (PLN5.2B) exceed its short term liabilities (PLN4.3B).

Long Term Liabilities: BDX's short term assets (PLN5.2B) exceed its long term liabilities (PLN1.0B).


Debt to Equity History and Analysis

Debt Level: BDX's debt to equity ratio (10.5%) is considered satisfactory.

Reducing Debt: BDX's debt to equity ratio has increased from 6.5% to 10.5% over the past 5 years.

Debt Coverage: BDX's debt is well covered by operating cash flow (610.2%).

Interest Coverage: BDX earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Budimex current dividend yield, its reliability and sustainability?

5.40%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 18 2021Ex Dividend DateOct 08 2021Dividend Pay DateOct 18 202110 days from Ex DividendBuy in the next 20 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BDX's dividend (5.4%) is higher than the bottom 25% of dividend payers in the Polish market (2.09%).

High Dividend: BDX's dividend (5.4%) is low compared to the top 25% of dividend payers in the Polish market (6.03%).


Stability and Growth of Payments

Stable Dividend: BDX's dividend payments have been volatile in the past 10 years.

Growing Dividend: BDX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134.6%), BDX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BDX's dividends in 3 years are not forecast to be well covered by earnings (148.8% payout ratio).


Next Steps

Management

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

10.1yrs

Average management tenure


CEO

Artur Popko

0.33

Tenure

zł3,000,000

Compensation

Mr. Artur Popko serves as CEO and President of the Management Board at Budimex SA since May 20, 2021. Mr. Popko served as the Vice President of the Management Board at Budimex SA since June 2019 until May...


CEO Compensation Analysis

Compensation vs Market: Artur's total compensation ($USD767.46K) is about average for companies of similar size in the Polish market ($USD680.64K).

Compensation vs Earnings: Artur's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BDX's management team is seasoned and experienced (10.1 years average tenure).


Board Members

Experienced Board: BDX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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.


Top Shareholders

Company Information

Budimex SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Budimex SA
  • Ticker: BDX
  • Exchange: WSE
  • Founded: 1968
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł7.889b
  • Shares outstanding: 25.53m
  • Website: https://www.budimex.pl

Number of Employees


Location

  • Budimex SA
  • Siedmiogrodzka 9
  • Warsaw
  • 01-204
  • Poland

Listings


Biography

Budimex SA operates as an infrastructure and services company in Poland and internationally. It operates through Construction Business, Development Activities and Property Management, and Service Activitie...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 22:24
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.