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BOW

Bowim WSE:BOW Stock Report

Last Price

zł9.50

Market Cap

zł161.9m

7D

-0.8%

1Y

4.2%

Updated

02 Oct, 2022

Data

Company Financials
BOW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

BOW Stock Overview

Bowim S.A. distributes carbon steel products in Poland.

Bowim Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bowim
Historical stock prices
Current Share Pricezł9.50
52 Week Highzł16.80
52 Week Lowzł7.22
Beta1.45
1 Month Change3.71%
3 Month Change9.20%
1 Year Change4.17%
3 Year Change402.65%
5 Year Change144.22%
Change since IPO-9.52%

Recent News & Updates

Jul 23
Is Bowim (WSE:BOW) A Risky Investment?

Is Bowim (WSE:BOW) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

BOWPL Trade DistributorsPL Market
7D-0.8%-3.3%-4.7%
1Y4.2%-26.2%-36.0%

Return vs Industry: BOW exceeded the Polish Trade Distributors industry which returned -26.2% over the past year.

Return vs Market: BOW exceeded the Polish Market which returned -36% over the past year.

Price Volatility

Is BOW's price volatile compared to industry and market?
BOW volatility
BOW Average Weekly Movement8.0%
Trade Distributors Industry Average Movement6.6%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.6%
10% least volatile stocks in PL Market3.9%

Stable Share Price: BOW is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BOW's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995392n/ahttps://www.bowim.pl

Bowim S.A. distributes carbon steel products in Poland. It offers a range of steel sheet products, such as cold and hot rolled plates and sheets, and cold rolled and galvanized coils and sheets; reinforcement, round, square, and flat bars, as well as wire rods; welded and ribbed wires, and welded reinforcement meshes; hot rolled and cold drawn seamless tubes, including conduit, structural, boiler, precision, and general purpose tubes; and cold bent and hot rolled sections comprising equal and unequal angles, channels, square and rectangular hollow sections, H-beams, and wide-flange beams. The company also provides black and insulated pipes and pipe fittings for pipelines.

Bowim Fundamentals Summary

How do Bowim's earnings and revenue compare to its market cap?
BOW fundamental statistics
Market Capzł161.92m
Earnings (TTM)zł140.98m
Revenue (TTM)zł2.71b

1.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOW income statement (TTM)
Revenuezł2.71b
Cost of Revenuezł2.30b
Gross Profitzł406.50m
Other Expenseszł265.52m
Earningszł140.98m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 24, 2022

Earnings per share (EPS)8.27
Gross Margin15.00%
Net Profit Margin5.20%
Debt/Equity Ratio28.1%

How did BOW perform over the long term?

See historical performance and comparison

Dividends

26.5%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BOW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOW?

Other financial metrics that can be useful for relative valuation.

BOW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BOW PE Ratio vs Peers
The above table shows the PE ratio for BOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.4x
GRN Grodno Spólka Akcyjna
5.2xn/azł231.0m
STF Stalprofil
1.2xn/azł149.6m
BRG Berling
5.9xn/azł79.9m
TIM TIM
5.1xn/azł560.5m
BOW Bowim
1.1xn/azł161.9m

Price-To-Earnings vs Peers: BOW is good value based on its Price-To-Earnings Ratio (1.1x) compared to the peer average (4.4x).


Price to Earnings Ratio vs Industry

How does BOW's PE Ratio compare vs other companies in the European Trade Distributors Industry?

Price-To-Earnings vs Industry: BOW is good value based on its Price-To-Earnings Ratio (1.1x) compared to the European Trade Distributors industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is BOW'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.

BOW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BOW's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BOW (PLN9.5) is trading below our estimate of fair value (PLN85.16)

Significantly Below Fair Value: BOW is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.3%

Forecasted Capital Goods 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 Bowim 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.


Discover growth companies

  • Examine whether Bowim is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Bowim competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Bowim performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


63.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BOW has high quality earnings.

Growing Profit Margin: BOW's current net profit margins (5.2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: BOW's earnings have grown significantly by 63.7% per year over the past 5 years.

Accelerating Growth: BOW's earnings growth over the past year (14.5%) is below its 5-year average (63.7% per year).

Earnings vs Industry: BOW earnings growth over the past year (14.5%) underperformed the Trade Distributors industry 22.9%.


Return on Equity

High ROE: BOW's Return on Equity (44.3%) is considered outstanding.


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Financial Health

How is Bowim's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BOW's short term assets (PLN614.4M) exceed its short term liabilities (PLN361.0M).

Long Term Liabilities: BOW's short term assets (PLN614.4M) exceed its long term liabilities (PLN98.4M).


Debt to Equity History and Analysis

Debt Level: BOW's net debt to equity ratio (24.4%) is considered satisfactory.

Reducing Debt: BOW's debt to equity ratio has reduced from 105.5% to 28.1% over the past 5 years.

Debt Coverage: BOW's debt is well covered by operating cash flow (99.2%).

Interest Coverage: BOW's interest payments on its debt are well covered by EBIT (35.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


26.53%

Current Dividend Yield

Dividend Yield vs Market

Bowim Dividend Yield vs Market
How does Bowim dividend yield compare to the market?
SegmentDividend Yield
Company (Bowim)26.5%
Market Bottom 25% (PL)3.1%
Market Top 25% (PL)9.5%
Industry Average (Trade Distributors)11.3%
Analyst forecast in 3 Years (Bowim)n/a

Notable Dividend: BOW's dividend (26.53%) is higher than the bottom 25% of dividend payers in the Polish market (3.11%).

High Dividend: BOW's dividend (26.53%) is in the top 25% of dividend payers in the Polish market (9.51%)


Stability and Growth of Payments

Stable Dividend: BOW has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BOW's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.9%), BOW's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.5%), BOW's dividend payments are covered by cash flows.


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Management

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

21.7yrs

Average management tenure


CEO

Bowim has no CEO, or we have no data on them.


Leadership Team

Experienced Management: BOW's management team is seasoned and experienced (21.7 years average tenure).


Board Members

Experienced Board: BOW's board of directors are seasoned and experienced ( 11.8 years average tenure).


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

What is the ownership structure of BOW?
Owner TypeNumber of SharesOwnership Percentage
Private Companies19,8580.1%
Institutions1,236,8657.3%
General Public3,390,27719.9%
Individual Insiders12,397,05972.7%

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


Top Shareholders

Top 6 shareholders own 80.11% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.25%
Jerzy Wodarczyk
4,132,353PLN39.3m0%no data
24.25%
Adam Kidal
4,132,353PLN39.3m0%no data
24.25%
Jacek Rozek
4,132,353PLN39.3m0%no data
6.73%
AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A.
1,147,865PLN10.9m0%1.94%
0.52%
AXA Towarzystwo Funduszy Inwestycyjnych S.A.
89,000PLN845.5k0%0.09%
0.12%
Konsorcjum Stali S.A.
19,858PLN188.7k0%no data

Company Information

Bowim S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bowim S.A.
  • Ticker: BOW
  • Exchange: WSE
  • Founded: 1995
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: zł161.919m
  • Shares outstanding: 17.04m
  • Website: https://www.bowim.pl

Number of Employees


Location

  • Bowim S.A.
  • ul. Niwecka 1E
  • Sosnowiec
  • 41-200
  • Poland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOWWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJan 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.