WSE:DEK

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DEK is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DEK's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

DEK

5.5%

PL Construction

-2.9%

PL Market


1 Year Return

55.3%

DEK

94.7%

PL Construction

18.9%

PL Market

Return vs Industry: DEK underperformed the Polish Construction industry which returned 79.9% over the past year.

Return vs Market: DEK exceeded the Polish Market which returned 11% over the past year.


Shareholder returns

DEKIndustryMarket
7 Day-2.3%5.5%-2.9%
30 Day1.2%9.3%1.2%
90 Day24.1%36.6%6.2%
1 Year55.3%55.3%98.7%94.7%20.0%18.9%
3 Year-22.2%-24.4%61.3%44.9%-4.1%-9.9%
5 Year147.9%136.3%57.6%33.8%18.8%5.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DEK (PLN34.4) is trading below our estimate of fair value (PLN349.88)

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


Price To Earnings Ratio

PE vs Industry: DEK is good value based on its PE Ratio (4x) compared to the PL Construction industry average (8.9x).

PE vs Market: DEK is good value based on its PE Ratio (4x) compared to the Polish market (15.4x).


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's PB Ratio (1x) is in line with the PL Construction industry average.


Next Steps

Future Growth

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

9.5%

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.


Next Steps

Past Performance

How has Dekpol performed over the past 5 years?

28.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEK has a large one-off gain of PLN24.7M impacting its September 30 2020 financial results.

Growing Profit Margin: DEK's current net profit margins (7.8%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: DEK's earnings have grown significantly by 28.3% per year over the past 5 years.

Accelerating Growth: DEK's earnings growth over the past year (97.3%) exceeds its 5-year average (28.3% per year).

Earnings vs Industry: DEK earnings growth over the past year (97.3%) exceeded the Construction industry 34.3%.


Return on Equity

High ROE: DEK's Return on Equity (24.8%) is considered high.


Next Steps

Financial Health

How is Dekpol's financial position?


Financial Position Analysis

Short Term Liabilities: DEK's short term assets (PLN646.7M) exceed its short term liabilities (PLN485.7M).

Long Term Liabilities: DEK's short term assets (PLN646.7M) exceed its long term liabilities (PLN109.8M).


Debt to Equity History and Analysis

Debt Level: DEK's debt to equity ratio (81.6%) is considered high.

Reducing Debt: DEK's debt to equity ratio has increased from 73.3% to 81.6% over the past 5 years.

Debt Coverage: DEK's debt is well covered by operating cash flow (42.5%).

Interest Coverage: DEK's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Next Steps

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

Management

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

1.8yrs

Average board tenure


CEO

Mariusz Tuchlin (44 yo)

13.17yrs

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: Mariusz's total compensation ($USD99.17K) is below average for companies of similar size in the Polish market ($USD149.47K).

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


Board Members

NamePositionTenureCompensationOwnership
Wojciech Sobczak
Member of Supervisory Board2.75yrszł19.00kno data
Roman Suszek
Chairman of the Supervisory Board1.83yrszł27.00kno data
Jacek Grzywacz
Vice-President of Supervisory Board1.83yrszł24.00kno data
Jacek Kedzierski
Independent Member of Supervisory Board1.58yrszł24.00kno data
Grzegorz Wasacz
Independent Member of Supervisory Board3.92yrszł19.00kno data

1.8yrs

Average Tenure

Experienced Board: DEK's board of directors are not considered experienced ( 1.8 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

Dekpol S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dekpol S.A.
  • Ticker: DEK
  • Exchange: WSE
  • Founded: 1993
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł287.672m
  • Shares outstanding: 8.36m
  • Website: https://dekpol.pl

Number of Employees


Location

  • Dekpol S.A.
  • ul. Gajowa 31
  • Pinczyn
  • Zblewo
  • 83-251
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DEKWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNFeb 2015

Biography

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 util...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 18:04
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.