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FRO

FERROWSE:FRO Stock Report

Market Cap

zł730.7m

7D

-6.5%

1Y

82.0%

Updated

25 Sep, 2021

Data

Company Financials
FRO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

FRO Overview

FERRO S.A. manufactures and sells sanitary and installation fittings, and heating installation elements in Central and Eastern Europe.

Price History & Performance

Summary of all time highs, changes and price drops for FERRO
Historical stock prices
Current Share Pricezł34.40
52 Week Highzł16.25
52 Week Lowzł41.50
Beta0.72
1 Month Change-16.30%
3 Month Change-6.78%
1 Year Change82.01%
3 Year Change160.61%
5 Year Change175.64%
Change since IPO173.67%

Recent News & Updates

Shareholder Returns

FROPL BuildingPL Market
7D-6.5%-4.6%-1.3%
1Y82.0%57.9%44.1%

Return vs Industry: FRO exceeded the Polish Building industry which returned 57.9% over the past year.

Return vs Market: FRO exceeded the Polish Market which returned 44.1% over the past year.

Price Volatility

Is FRO's price volatile compared to industry and market?
FRO volatility
FRO Beta0.72
Industry Beta0.83
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a539Wojciech Gatkiewiczhttps://www.ferrocompany.com

FERRO S.A. manufactures and sells sanitary and installation fittings, and heating installation elements in Central and Eastern Europe. It offers mixers, showers, sinks, accessories, bathroom accessories, shower trays and bathtubs, and sanitary ware and bathroom accessories for public services. The company also provides heating solutions, such as water valves, measurement and gas fittings, control and expansion vessels, solar and PEX systems, clamp couplings, brass fittings, pumps, heat controls, manifolds, accessories for radiators, radiators and thermostatic valves, and service accessories, as well as exchanger-pumping sets, plate exchangers, and differential and mixing valves.

FERRO Fundamentals Summary

How do FERRO's earnings and revenue compare to its market cap?
FRO fundamental statistics
Market Capzł730.75m
Earnings (TTM)zł63.30m
Revenue (TTM)zł559.17m

11.5x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRO income statement (TTM)
Revenuezł559.17m
Cost of Revenuezł361.15m
Gross Profitzł198.02m
Expenseszł134.72m
Earningszł63.30m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Sep 30, 2021

Earnings per share (EPS)2.98
Gross Margin35.41%
Net Profit Margin11.32%
Debt/Equity Ratio31.5%

How did FRO perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

74%

Payout Ratio

Valuation

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

11.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FRO (PLN34.4) is trading above our estimate of fair value (PLN22.14)

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


Price To Earnings Ratio

PE vs Industry: FRO's PE Ratio (11.5x) is in line with the Polish Building industry average.

PE vs Market: FRO is good value based on its PE Ratio (11.5x) compared to the Polish market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FRO's PB Ratio (2.2x) is in line with the PL Building industry average.


Future Growth

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

8.1%

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 FERRO 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 FERRO performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRO has high quality earnings.

Growing Profit Margin: FRO's current net profit margins (11.3%) are higher than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: FRO's earnings have grown significantly by 20% per year over the past 5 years.

Accelerating Growth: FRO's earnings growth over the past year (45.5%) exceeds its 5-year average (20% per year).

Earnings vs Industry: FRO earnings growth over the past year (45.5%) underperformed the Building industry 64.5%.


Return on Equity

High ROE: FRO's Return on Equity (17.9%) is considered low.


Financial Health

How is FERRO's financial position?


Financial Position Analysis

Short Term Liabilities: FRO's short term assets (PLN357.1M) exceed its short term liabilities (PLN236.3M).

Long Term Liabilities: FRO's short term assets (PLN357.1M) exceed its long term liabilities (PLN41.4M).


Debt to Equity History and Analysis

Debt Level: FRO's debt to equity ratio (31.5%) is considered satisfactory.

Reducing Debt: FRO's debt to equity ratio has reduced from 47.8% to 31.5% over the past 5 years.

Debt Coverage: FRO's debt is well covered by operating cash flow (47%).

Interest Coverage: FRO's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet


Dividend

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

6.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FRO's dividend (6.4%) is higher than the bottom 25% of dividend payers in the Polish market (2.21%).

High Dividend: FRO's dividend (6.4%) is in the top 25% of dividend payers in the Polish market (6.22%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (73.8%), FRO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Wojciech Gatkiewicz

2.67yrs

Tenure

zł432,000

Compensation

Mr. Wojciech Gatkiewicz has been Chairman of the Management Board at FERRO S.A. since 2019. He serves as Chief Sales Officer and Member of Management Board at PCF GmbH. Mr. Gatkiewicz served as the Chief...


Board Members

Experienced Board: FRO's board of directors are considered experienced (4.8 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

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


Top Shareholders

Company Information

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


Key Information

  • Name: FERRO S.A.
  • Ticker: FRO
  • Exchange: WSE
  • Founded: NaN
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: zł730.747m
  • Shares outstanding: 21.24m
  • Website: https://www.ferrocompany.com

Number of Employees


Location

  • FERRO S.A.
  • ul. Przemyslowa 7
  • Skawina
  • 32-050
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 17:02
End of Day Share Price2021/09/24 00:00
Earnings2021/03/31
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.