WSE:INK

Stock Analysis Report

Executive Summary

Instal Kraków S.A. engages in the construction business in Poland and internationally.


Snowflake Analysis

Undervalued with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: INK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.3%

INK

-3.6%

PL Construction

-0.5%

PL Market


1 Year Return

38.9%

INK

27.7%

PL Construction

-8.4%

PL Market

Return vs Industry: INK exceeded the Polish Construction industry which returned 26.9% over the past year.

Return vs Market: INK exceeded the Polish Market which returned -7.2% over the past year.


Shareholder returns

INKIndustryMarket
7 Day-2.3%-3.6%-0.5%
30 Day3.0%-6.3%-1.9%
90 Day11.4%14.8%1.0%
1 Year53.4%38.9%31.9%27.7%-5.6%-8.4%
3 Year63.9%43.1%-33.6%-41.2%-6.9%-13.5%
5 Year32.1%13.1%-1.5%-16.6%2.3%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

47.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INK (PLN19.5) is trading below our estimate of fair value (PLN36.23)

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


Price To Earnings Ratio

PE vs Industry: INK is good value based on its PE Ratio (6.1x) compared to the Construction industry average (8.3x).

PE vs Market: INK is good value based on its PE Ratio (6.1x) compared to the Polish market (12.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INK is good value based on its PB Ratio (0.6x) compared to the PL Construction industry average (0.8x).


Next Steps

Future Growth

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

19.2%

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 Instal Kraków 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 Instal Kraków performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INK has high quality earnings.

Growing Profit Margin: INK's current net profit margins (5.1%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: INK's earnings have grown significantly by 25.3% per year over the past 5 years.

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

Earnings vs Industry: INK had negative earnings growth (-9.5%) over the past year, making it difficult to compare to the Construction industry average (-9.8%).


Return on Equity

High ROE: INK's Return on Equity (9.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Instal Kraków's financial position?


Financial Position Analysis

Short Term Liabilities: INK's short term assets (PLN264.2M) exceed its short term liabilities (PLN131.7M).

Long Term Liabilities: INK's short term assets (PLN264.2M) exceed its long term liabilities (PLN25.4M).


Debt to Equity History and Analysis

Debt Level: INK's debt to equity ratio (3.8%) is considered satisfactory.

Reducing Debt: INK's debt to equity ratio has increased from 3.2% to 3.8% over the past 5 years.

Debt Coverage: INK's debt is well covered by operating cash flow (294.7%).

Interest Coverage: INK earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: INK's debt is covered by short term assets (assets are 26.6x debt).


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INK's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.35%).

High Dividend: INK's dividend (1.54%) is low compared to the top 25% of dividend payers in the Polish market (6.6%).


Stability and Growth of Payments

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

Growing Dividend: INK's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.5%), INK's dividend payments are thoroughly 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?

11.8yrs

Average board tenure


CEO

Piotr Juszczyk 0

28.1yrs

Tenure

Mr. Piotr Juszczyk has been the Member of the Management Board and Chief Executive Officer of Instal Kraków Spólka Akcyjna since 1992 and served as its General Director. 


Board Members

NamePositionTenureCompensationOwnership
Piotr Wezyk
Secretary and Member of Supervisory Board11.8yrsno datano data
Dariusz Mañko
Member of the Supervisory Board11.8yrsno datano data
Andrzej Kowalski
Deputy Chairman of Supervisory Board11.8yrsno datano data
Grzegorz Pilch
Member of the Supervisory Board11.8yrsno data0.34% PLN477.5k
Jan Szybinski
Member of the Supervisory Board5.8yrsno datano data
Jacek Motyka
Chairman of the Supervisory Board11.8yrsno data1.04% PLN1.4m

11.8yrs

Average Tenure

Experienced Board: INK's board of directors are seasoned and experienced ( 11.8 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

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


Key Information

  • Name: Instal Kraków S.A.
  • Ticker: INK
  • Exchange: WSE
  • Founded: 1950
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł139.153m
  • Shares outstanding: 7.29m
  • Website: https://www.instalkrakow.pl

Location

  • Instal Kraków S.A.
  • ul. Konstantego Brandl 1
  • Kraków
  • 30-732
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INKWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNJun 1999
0ODULSE (London Stock Exchange)YesCommon SharesGBPLNJun 1999

Biography

Instal Kraków S.A. engages in the construction business in Poland and internationally. It constructs and assembles industrial, commercial, sports, and public facilities; desulphurisation, denitrification, ash removal, slagging, and pneumatic transport projects; municipal and factory sewage treatment plants; sludge dryer and thermal waste treatment plants; water demineralization and water treatment plants; water intakes; ozone and water ozonation projects; external networks, water mains, and internal sewage and water projects; gas and natural gas reduction stations; heat exchangers and compact heat distribution centers, oil and gas boiler rooms, and biogas utilization systems; thermal networks; compressed air, vacuum, and pneumatic transport projects; and ventilation and air-conditioning systems. The company also constructs storage tanks; sludge scrapers and bar stirrers; exchangers; silos; ventilation, air-conditioning, and dedusting systems; desulphurisation and denitrification systems; pipelines and equipment for transport media; supporting structures; protective barriers, platforms, and ladders; machines and equipment for various technological processes; and other projects. In addition, it develops, sells, and rents real estate projects; repairs and installs devices and installations in power plants and industrial plants; and installs air conditioning and ventilation, heating and sanitary, heat exchangers, and technical gases equipment; prefabricates and installs steel structures; and offers welding and foundry services. Further, the company rents equipment and transport means; and conducts training and qualification exams for welders. Instal Kraków S.A. was founded in 1950 and is based in Kraków, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 20:55
End of Day Share Price2020/02/20 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.