GRN

Grodno Spólka AkcyjnaWSE:GRN Stock Report

Market Cap

zł253.8m

7D

-1.8%

1Y

22.7%

Updated

16 Sep, 2021

Data

Company Financials
GRN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

GRN Overview

Grodno Spólka Akcyjna distributes electrotechnical and lighting articles under the Luno brand in Poland.

Price History & Performance

Summary of all time highs, changes and price drops for Grodno Spólka Akcyjna
Historical stock prices
Current Share Pricezł16.50
52 Week Highzł8.50
52 Week Lowzł17.36
Beta2.94
1 Month Change6.87%
3 Month Change18.53%
1 Year Change22.68%
3 Year Change283.72%
5 Year Change184.48%
Change since IPO459.32%

Recent News & Updates

Jun 14
Here's Why We Think Grodno Spólka Akcyjna (WSE:GRN) Is Well Worth Watching

Here's Why We Think Grodno Spólka Akcyjna (WSE:GRN) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 25
Grodno Spólka Akcyjna (WSE:GRN) May Have Issues Allocating Its Capital

Grodno Spólka Akcyjna (WSE:GRN) May Have Issues Allocating Its Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Apr 06
Is Grodno Spólka Akcyjna (WSE:GRN) Using Too Much Debt?

Is Grodno Spólka Akcyjna (WSE:GRN) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 19
Grodno Spólka Akcyjna's (WSE:GRN) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

Grodno Spólka Akcyjna's (WSE:GRN) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

With its stock down 7.7% over the past three months, it is easy to disregard Grodno Spólka Akcyjna (WSE:GRN). But if...

Mar 01
With EPS Growth And More, Grodno Spólka Akcyjna (WSE:GRN) Is Interesting

With EPS Growth And More, Grodno Spólka Akcyjna (WSE:GRN) Is Interesting

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

GRNPL Trade DistributorsPL Market
7D-1.8%-0.9%0.3%
1Y22.7%99.7%41.9%

Return vs Industry: GRN underperformed the Polish Trade Distributors industry which returned 95% over the past year.

Return vs Market: GRN underperformed the Polish Market which returned 42.4% over the past year.

Price Volatility

Is GRN's price volatile compared to industry and market?
GRN volatility
GRN Beta2.94
Industry Beta0.93
Market Beta1

Stable Share Price: GRN is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1990673Andrzej Jurczakhttps://www.grodno.pl

Grodno Spólka Akcyjna distributes electrotechnical and lighting articles under the Luno brand in Poland. The company’s products are used in air conditioning, ventilations, and heating applications. It also provides specialized advice, energy, and lighting audits services.

Grodno Spólka Akcyjna Fundamentals Summary

How do Grodno Spólka Akcyjna's earnings and revenue compare to its market cap?
GRN fundamental statistics
Market Capzł253.80m
Earnings (TTM)zł16.29m
Revenue (TTM)zł804.27m

15.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRN income statement (TTM)
Revenuezł804.27m
Cost of Revenuezł76.40m
Gross Profitzł727.87m
Expenseszł711.59m
Earningszł16.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Dec 16, 2021

Earnings per share (EPS)1.06
Gross Margin90.50%
Net Profit Margin2.03%
Debt/Equity Ratio53.0%

How did GRN perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

20%

Payout Ratio

Does GRN pay a reliable dividends?

See GRN dividend history and benchmarks
When do you need to buy GRN by to receive an upcoming dividend?
Grodno Spólka Akcyjna dividend dates
Ex Dividend DateOct 06 2021
Dividend Pay DateOct 15 2021
Days until Ex dividend20 days
Days until Dividend pay date29 days

Does GRN pay a reliable dividends?

See GRN dividend history and benchmarks

Valuation

Is Grodno Spólka Akcyjna undervalued compared to its fair value and its price relative to the market?

50.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GRN (PLN16.5) is trading below our estimate of fair value (PLN32.99)

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


Price To Earnings Ratio

PE vs Industry: GRN is poor value based on its PE Ratio (15.6x) compared to the Polish Trade Distributors industry average (8.9x).

PE vs Market: GRN is poor value based on its PE Ratio (15.6x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GRN is overvalued based on its PB Ratio (2.5x) compared to the PL Trade Distributors industry average (1.3x).


Future Growth

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

10.5%

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 Grodno Spólka Akcyjna 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 Grodno Spólka Akcyjna performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRN has high quality earnings.

Growing Profit Margin: GRN's current net profit margins (2%) are lower than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: GRN's earnings have grown by 14.8% per year over the past 5 years.

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

Earnings vs Industry: GRN had negative earnings growth (-0.09%) over the past year, making it difficult to compare to the Trade Distributors industry average (98.3%).


Return on Equity

High ROE: GRN's Return on Equity (16%) is considered low.


Financial Health

How is Grodno Spólka Akcyjna's financial position?


Financial Position Analysis

Short Term Liabilities: GRN's short term assets (PLN290.1M) exceed its short term liabilities (PLN271.8M).

Long Term Liabilities: GRN's short term assets (PLN290.1M) exceed its long term liabilities (PLN30.5M).


Debt to Equity History and Analysis

Debt Level: GRN's debt to equity ratio (53%) is considered high.

Reducing Debt: GRN's debt to equity ratio has reduced from 70.5% to 53% over the past 5 years.

Debt Coverage: GRN's debt is well covered by operating cash flow (50%).

Interest Coverage: GRN's interest payments on its debt are well covered by EBIT (98.9x coverage).


Balance Sheet


Dividend

What is Grodno Spólka Akcyjna current dividend yield, its reliability and sustainability?

1.27%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 16 2021Ex Dividend DateOct 06 2021Dividend Pay DateOct 15 20219 days from Ex DividendBuy in the next 20 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GRN's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.05%).

High Dividend: GRN's dividend (1.27%) is low compared to the top 25% of dividend payers in the Polish market (6.08%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.8%), GRN's dividend payments are well 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?

15.7yrs

Average management tenure


CEO

Andrzej Jurczak

15.67yrs

Tenure

zł40,000

Compensation

Mr. Andrzej Jurczak has been the President of Management Board and General Director at Grodno Spólka Akcyjna since 2006. Mr. Jurczak served as President of the Management Board at Inter-Elektro SA from 200...


Leadership Team

Experienced Management: GRN's management team is seasoned and experienced (15.7 years average tenure).


Board Members

Experienced Board: GRN's board of directors are considered experienced (3 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

Grodno Spólka Akcyjna's employee growth, exchange listings and data sources


Key Information

  • Name: Grodno Spólka Akcyjna
  • Ticker: GRN
  • Exchange: WSE
  • Founded: 1990
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: zł253.801m
  • Shares outstanding: 15.38m
  • Website: https://www.grodno.pl

Number of Employees


Location

  • Grodno Spólka Akcyjna
  • ul. Kwiatowa 14
  • Michalów Grabina
  • Nieporet
  • 05-126
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 04:44
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.