WSE:HRS

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HRS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.9%

HRS

0.7%

PL Trade Distributors

-1.5%

PL Market


1 Year Return

-78.2%

HRS

-21.2%

PL Trade Distributors

-33.0%

PL Market

Return vs Industry: HRS underperformed the Polish Trade Distributors industry which returned -21.2% over the past year.

Return vs Market: HRS underperformed the Polish Market which returned -33% over the past year.


Shareholder returns

HRSIndustryMarket
7 Day-5.9%0.7%-1.5%
30 Day-27.2%-24.0%-19.6%
90 Day-33.4%-21.5%-27.9%
1 Year-78.2%-78.2%-19.1%-21.2%-31.0%-33.0%
3 Year-84.6%-85.5%-45.8%-50.0%-32.5%-37.3%
5 Year-83.9%-85.8%-28.2%-35.2%-29.2%-38.2%

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 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: HRS (PLN0.55) is trading below our estimate of fair value (PLN2.38)

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


Price To Earnings Ratio

PE vs Industry: HRS is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: HRS is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HRS is good value based on its PB Ratio (0.1x) compared to the PL Trade Distributors industry average (0.5x).


Next Steps

Future Growth

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

6.3%

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 Herkules 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 Herkules performed over the past 5 years?

-39.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRS is currently unprofitable.

Growing Profit Margin: HRS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HRS is unprofitable, and losses have increased over the past 5 years at a rate of -39.1% per year.

Accelerating Growth: Unable to compare HRS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HRS is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (14.9%).


Return on Equity

High ROE: HRS has a negative Return on Equity (-20.25%), as it is currently unprofitable.


Next Steps

Financial Health

How is Herkules's financial position?


Financial Position Analysis

Short Term Liabilities: HRS's short term assets (PLN68.9M) do not cover its short term liabilities (PLN69.8M).

Long Term Liabilities: HRS's short term assets (PLN68.9M) do not cover its long term liabilities (PLN134.0M).


Debt to Equity History and Analysis

Debt Level: HRS's debt to equity ratio (9%) is considered satisfactory.

Reducing Debt: HRS's debt to equity ratio has reduced from 29.9% to 9% over the past 5 years.


Balance Sheet

Inventory Level: HRS has a high level of physical assets or inventory.

Debt Coverage by Assets: HRS's debt is covered by short term assets (assets are 4.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HRS has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: HRS has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

12.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HRS's dividend (12.82%) is higher than the bottom 25% of dividend payers in the Polish market (3.25%).

High Dividend: HRS's dividend (12.82%) is in the top 25% of dividend payers in the Polish market (8.79%)


Stability and Growth of Payments

Stable Dividend: HRS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: HRS's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: HRS is paying a dividend but the company is unprofitable.


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?

0.08yrs

Average board tenure


CEO

Grzegorz Zólcik

no data

Tenure

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 ...


Board Members

NamePositionTenureCompensationOwnership
Dariusz Formela
Member of the Supervisory Board0.083yrno datano data
Adam Purwin
Member of the Supervisory Boardno datano datano data
Piotr Kwasniewski
Member of the Supervisory Boardno datano data0.033% PLN5.6k
Jacek Osowski
Member of the Supervisory Board0.083yrno datano data
Piotr Cizkowicz
Chairman of the Supervisory Board0.083yrno datano data
Blazej Dowgielski
Member of the Supervisory Boardno datano datano data

0.08yrs

Average Tenure

Experienced Board: HRS's board of directors are not considered experienced ( 0.1 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

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: zł17.186m
  • 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 engineer, operator support, and technical advice services. It also provides construction and assembly services for general structures, wind farms, telecommunications, and power facilities; and manufactures electrical pylons and reinforced concrete containers, as well as pretensioned concrete masts for use in the energy, telecommunications, and advertising industries. In addition, the company undertakes construction, assembly, and electrical works; and offers wind farm equipment installation and assembly, and road-based oversize load shipping services, as well as hardware support services for the project and construction logistics. Herkules S.A. was formerly known as Gastel Zurawie S.A. and changed its name to Herkules S.A. in December 2011. Herkules S.A. is headquartered in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 22:07
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
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.