WSE:GKI

Stock Analysis Report

Grupa Kapitalowa IMMOBILE

Executive Summary

Grupa Kapitalowa IMMOBILE S.A. primarily operates in the machine industry, construction and development, hotel industry, and real estate sectors in Poland.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Grupa Kapitalowa IMMOBILE is not covered by any analysts.

Share Price & News

How has Grupa Kapitalowa IMMOBILE's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

WSE:GKI

-0.8%

PL Industrials

-0.5%

PL Market


1 Year Return

-20.9%

WSE:GKI

-15.9%

PL Industrials

-7.2%

PL Market

GKI underperformed the Industrials industry which returned -16.7% over the past year.

GKI underperformed the Market in Poland which returned -8.1% over the past year.


Share holder returns

GKIIndustryMarket
7 Day0.7%-0.8%-0.5%
30 Day-8.6%-9.5%-8.6%
90 Day-4.5%-13.4%-4.3%
1 Year-19.2%-20.9%-12.9%-15.9%-4.2%-7.2%
3 Year-2.2%-5.8%2.5%-6.6%9.1%1.1%
5 Year40.6%33.2%23.1%4.3%-0.9%-13.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Grupa Kapitalowa IMMOBILE undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Grupa Kapitalowa IMMOBILE's share price is below the future cash flow value, and at a moderate discount (> 20%).

Grupa Kapitalowa IMMOBILE's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Grupa Kapitalowa IMMOBILE is overvalued based on earnings compared to the Europe Industrials industry average.

Grupa Kapitalowa IMMOBILE is overvalued based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Grupa Kapitalowa IMMOBILE, we can't assess if its growth is good value.


Price Based on Value of Assets

Grupa Kapitalowa IMMOBILE is good value based on assets compared to the Europe Industrials industry average.


Next Steps

Future Growth

How is Grupa Kapitalowa IMMOBILE expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Grupa Kapitalowa IMMOBILE is high growth as no revenue estimate data is available.

Grupa Kapitalowa IMMOBILE's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Grupa Kapitalowa IMMOBILE's revenue growth to the Poland market average as no estimate data is available.

Grupa Kapitalowa IMMOBILE's earnings growth is expected to exceed the Poland market average.

Grupa Kapitalowa IMMOBILE's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Grupa Kapitalowa IMMOBILE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Grupa Kapitalowa IMMOBILE performed over the past 5 years?

38.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Grupa Kapitalowa IMMOBILE has delivered over 20% year on year earnings growth in the past 5 years.

Grupa Kapitalowa IMMOBILE's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Grupa Kapitalowa IMMOBILE's 1-year earnings growth is negative, it can't be compared to the Europe Industrials industry average.


Return on Equity

Grupa Kapitalowa IMMOBILE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Grupa Kapitalowa IMMOBILE used its assets less efficiently than the Europe Industrials industry average last year based on Return on Assets.


Return on Capital Employed

Grupa Kapitalowa IMMOBILE has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Grupa Kapitalowa IMMOBILE's financial position?


Financial Position Analysis

Grupa Kapitalowa IMMOBILE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Grupa Kapitalowa IMMOBILE's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Grupa Kapitalowa IMMOBILE's level of debt (55.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (49.3% vs 55.8% today).

Debt is well covered by operating cash flow (22.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.2x debt.


Next Steps

Dividend

What is Grupa Kapitalowa IMMOBILE's current dividend yield, its reliability and sustainability?

2.53%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Grupa Kapitalowa IMMOBILE before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Grupa Kapitalowa IMMOBILE's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.9%).

Grupa Kapitalowa IMMOBILE's dividend is below the markets top 25% of dividend payers in Poland (7.33%).

Whilst dividend payments have been stable, Grupa Kapitalowa IMMOBILE has been paying a dividend for less than 10 years.

Dividend payments have increased, but Grupa Kapitalowa IMMOBILE only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Grupa Kapitalowa IMMOBILE's salary, the management and board of directors tenure and is there insider trading?

8.6yrs

Average management tenure


CEO

Rafal Jerzy 0

11.9yrs

Tenure

zł1,331,000

Compensation

Mr. Rafal Maria Jerzy serves as the President of Management Board at Grupa Kapitalowa IMMOBILE S.A. (formerly, Makrum S.A.). Mr. Jerzy has been the President of the Management Board of Grupa Kapitalowa IMM ...


CEO Compensation Analysis

Rafal's remuneration is higher than average for companies of similar size in Poland.

Rafal's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.6yrs

Average Tenure

The average tenure for the Grupa Kapitalowa IMMOBILE management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.9yrs

Average Tenure

The tenure for the Grupa Kapitalowa IMMOBILE board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Beata Jerzy

    Secretary of the Supervisory Board

    • Tenure: 13.6yrs
    • Compensation: zł20.00k
  • Piotr Fortuna

    CFO & Member of the Management Board

    • Tenure: 8.6yrs
    • Compensation: zł317.00k
  • Rafal Jerzy

    President of the Management Board

    • Tenure: 11.9yrs
    • Compensation: zł1.33m
  • Slawomir Winiecki

    Vice-President of the Management Board

    • Tenure: 8.3yrs
    • Compensation: zł779.00k

Board Members

  • Beata Jerzy

    Secretary of the Supervisory Board

    • Tenure: 13.6yrs
    • Compensation: zł20.00k
  • Jerzy Nadarzewski

    Deputy Chairman of the Supervisory Board

    • Tenure: 18.6yrs
    • Compensation: zł20.00k
  • Miroslaw Babiaczyk

    Chairman of the Supervisory Board

    • Tenure: 0.0yrs
    • Compensation: zł20.00k
  • Paczuski Andrzej

    Member of the Supervisory Board

    • Tenure: 2.2yrs
    • Compensation: zł13.00k
  • Rafal Plólkarz

    Member of the Supervisory Board

    • Tenure: 0.3yrs

Company Information

Grupa Kapitalowa IMMOBILE S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grupa Kapitalowa IMMOBILE S.A.
  • Ticker: GKI
  • Exchange: WSE
  • Founded: 1868
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: zł208.755m
  • Shares outstanding: 75.36m
  • Website: https://www.immobile.com.pl

Location

  • Grupa Kapitalowa IMMOBILE S.A.
  • ul.Fordonska 40
  • Bydgoszcz
  • 85-719
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GKIWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 2007

Biography

Grupa Kapitalowa IMMOBILE S.A. primarily operates in the machine industry, construction and development, hotel industry, and real estate sectors in Poland. The company designs and manufactures heavy steel  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:06
End of Day Share Price2019/08/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.