WSE:HRS

Stock Analysis Report

Executive Summary

Herkules S.A. engages in the hoisting equipment rental and oversize load shipping activities in Poland.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.

Risks

  • Herkules has significant price volatility in the past 3 months.
  • Herkules is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

WSE:HRS

-2.0%

PL Trade Distributors

-0.5%

PL Market


1 Year Return

-55.2%

WSE:HRS

-27.4%

PL Trade Distributors

-7.2%

PL Market

HRS underperformed the Trade Distributors industry which returned -27.1% over the past year.

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


Share holder returns

HRSIndustryMarket
7 Day-2.8%-2.0%-0.5%
30 Day-14.8%-7.7%-8.6%
90 Day-42.5%-12.9%-4.3%
1 Year-54.3%-55.2%-24.3%-27.4%-4.2%-7.2%
3 Year-53.7%-58.6%-32.7%-37.5%9.1%1.1%
5 Year-29.5%-37.8%-18.8%-26.3%-0.9%-13.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Herkules 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

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

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


Price Based on Earnings

Herkules is good value based on earnings compared to the PL Trade Distributors industry average.

Herkules is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

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


Price Based on Value of Assets

Herkules is good value based on assets compared to the PL Trade Distributors industry average.


Next Steps

Future Growth

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

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Herkules is high growth as no revenue estimate data is available.

Herkules's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).

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

Herkules's earnings growth is expected to exceed the Poland market average.

Herkules'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 Herkules will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Herkules performed over the past 5 years?

-12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Herkules's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Herkules's 1-year earnings growth exceeds its 5-year average (174.8% vs -12.1%)

Herkules's earnings growth has exceeded the PL Trade Distributors industry average in the past year (174.8% vs 16.8%).


Return on Equity

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


Return on Assets

Herkules used its assets less efficiently than the PL Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Herkules's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Herkules's financial position?


Financial Position Analysis

Herkules's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Herkules's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Herkules's level of debt (7.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (23.1% vs 7.8% today).

Debt is well covered by operating cash flow (257.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.7x debt.


Next Steps

Dividend

What is Herkules's current dividend yield, its reliability and sustainability?

5.07%

Current Dividend Yield


Dividend Yield and Payments Analysis

Herkules's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.9%).

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

Herkules has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Herkules only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x 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 Herkules's salary, the management and board of directors tenure and is there insider trading?


CEO

Grzegorz Zólcik 0

0.0yrs

Tenure

0

Mr. Grzegorz Piotr Zólcik serves as President of the Management Board at Herkules S.A. since 2010. Mr. Zólcik served as President of the Management Board at CDRL Spólka Akcyjna. Mr. Zólcik has been Vice Pr ...


CEO Compensation Analysis

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

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


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Tomasz Kwiecinski

    Vice President of the Management Board

    • Tenure: 0.0yrs
  • Grzegorz Zólcik

    President of the Management Board

    • Tenure: 0.0yrs
  • Krzysztof Olenski

    Member of Management Board

    • Tenure: 0.0yrs

Board Members

  • Jacek Tucharz

    Member of the Supervisory Board

    • Tenure: 0.0yrs
  • Konrad Miterski

    Member of the Supervisory Board

    • Tenure: 0.0yrs
  • Adam Purwin

    Member of the Supervisory Board

    • Tenure: 0.0yrs
  • Piotr Kwasniewski

    Chairman of the Supervisory Board

    • Tenure: 0.0yrs
  • Piotr Cizkowicz

    Member of the Supervisory Board

    • Tenure: 0.0yrs
  • Blazej Dowgielski

    Member of the Supervisory Board

    • Tenure: 0.0yrs

Company Information

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


Key Information

  • Name: Herkules S.A.
  • Ticker: HRS
  • Exchange: WSE
  • Founded:
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: zł43.437m
  • Shares outstanding: 31.48m
  • Website: https://www.herkules-polska.pl

Location

  • Herkules S.A.
  • ul. Annopol 5
  • Warsaw
  • 03-236
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRSWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNMar 2010

Biography

Herkules S.A. engages in the hoisting equipment rental and oversize load shipping activities in Poland. The company rents tower, field, self-propelled, and tracked cranes, as well as offers professional en ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:29
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.