Dekpol (WSE:DEK) - Share price, News & Analysis

DEK fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

DEK Overview

Dekpol S.A. primary engages in the general contracting, property development, and steel structures and accessories businesses in Poland and internationally.

Rewards

Trading at 13.1% below our estimate of its fair value

Risk Analysis

Has a high level of debt

Does not have a meaningful market cap (PLN283M)

Price History & Performance

Summary of all time highs, changes and price drops for Dekpol
Historical stock prices
Current Share Price	zł33.90
52 Week High	zł18.90
52 Week Low	zł42.00
Beta	0.47
1 Month Change	-1.45%
3 Month Change	-13.08%
1 Year Change	40.08%
3 Year Change	-13.08%
5 Year Change	208.18%
Change since IPO	123.17%

Recent News & Updates

Jun 11

We Like These Underlying Return On Capital Trends At Dekpol (WSE:DEK)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

May 24

Dekpol (WSE:DEK) Has A Pretty Healthy Balance Sheet

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

Feb 25

I Ran A Stock Scan For Earnings Growth And Dekpol (WSE:DEK) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

	DEK	PL Construction	PL Market
7D	-5.8%	-1.6%	-1.3%
1Y	40.1%	50.0%	44.1%

Return vs Industry: DEK underperformed the Polish Construction industry which returned 50% over the past year.

Return vs Market: DEK underperformed the Polish Market which returned 44.1% over the past year.

Price Volatility

Is DEK's price volatile compared to industry and market?
DEK volatility
DEK Beta	0.47
Industry Beta	0.75
Market Beta	1

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

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

About the Company

Founded	Employees	CEO	Website
1993	224	Mariusz Tuchlin	https://dekpol.pl

Dekpol S.A. primary engages in the general contracting, property development, and steel structures and accessories businesses in Poland and internationally. It constructs industrial facilities, public utilities, sports and recreational facilities, and environmental protection facilities; and undertakes sanitary, road, and hydro technical works. The company also constructs, finishes, and sells housing estates, single-family housing estates, luxury apartment buildings, condo hotels, and commercial and service areas.

Dekpol Fundamentals Summary

How do Dekpol's earnings and revenue compare to its market cap?
DEK fundamental statistics
Market Cap	zł283.49m
Earnings (TTM)	zł52.13m
Revenue (TTM)	zł1.04b

5.4x

P/E Ratio

0.3x

P/S Ratio

Is DEK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEK income statement (TTM)
Revenue	zł1.04b
Cost of Revenue	zł904.61m
Gross Profit	zł140.34m
Expenses	zł88.21m
Earnings	zł52.13m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 24, 2021

Earnings per share (EPS)	6.23
Gross Margin	13.43%
Net Profit Margin	4.99%
Debt/Equity Ratio	88.5%

How did DEK perform over the long term?

See historical performance and comparison

Valuation

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

13.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DEK (PLN33.9) is trading below our estimate of fair value (PLN39.02)

Significantly Below Fair Value: DEK is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: DEK is good value based on its PE Ratio (5.4x) compared to the Polish Construction industry average (9.3x).

PE vs Market: DEK is good value based on its PE Ratio (5.4x) compared to the Polish market (13x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: DEK is good value based on its PB Ratio (0.9x) compared to the PL Construction industry average (1.3x).

Future Growth

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

20.5%

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 Dekpol 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 Dekpol performed over the past 5 years?

25.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DEK has high quality earnings.

Growing Profit Margin: DEK's current net profit margins (5%) are lower than last year (6.6%).

Past Earnings Growth Analysis

Earnings Trend: DEK's earnings have grown significantly by 25% per year over the past 5 years.

Accelerating Growth: DEK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DEK had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Construction industry average (39.8%).

Return on Equity

High ROE: DEK's Return on Equity (17.2%) is considered low.

Financial Health

How is Dekpol's financial position?

Financial Position Analysis

Short Term Liabilities: DEK's short term assets (PLN684.7M) exceed its short term liabilities (PLN455.9M).

Long Term Liabilities: DEK's short term assets (PLN684.7M) exceed its long term liabilities (PLN175.9M).

Debt to Equity History and Analysis

Debt Level: DEK's debt to equity ratio (88.5%) is considered high.

Reducing Debt: DEK's debt to equity ratio has reduced from 109% to 88.5% over the past 5 years.

Debt Coverage: DEK's debt is well covered by operating cash flow (26.9%).

Interest Coverage: DEK's interest payments on its debt are well covered by EBIT (6.6x coverage).

Balance Sheet

Dividend

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

Dividend Yield vs Market

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

High Dividend: Unable to evaluate DEK'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 DEK's dividends per share have been stable in the past.

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

Current Payout to Shareholders

Dividend Coverage: DEK is not paying a notable dividend for the Polish market.

Future Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

2.4yrs

Average board tenure

CEO

Mariusz Tuchlin (45 yo)

13.75yrs

Tenure

zł366,000

Compensation

Mr. Mariusz Grzegorz Tuchlin has been the President of the Management Board at Dekpol S.A. since December 2007. Mr. Tuchlin has been President of the Management Board at Almond Sp. z o.o. since February 20...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Mariusz's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Mariusz's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: DEK's board of directors are not considered experienced ( 2.4 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.

Data	Last Updated (UTC time)
Company Analysis	2021/09/25 17:02
End of Day Share Price	2021/09/24 00:00
Earnings	2021/03/31
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data