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LEN

Lena Lighting WSE:LEN Stock Report

Last Price

zł4.05

Market Cap

zł100.7m

7D

9.8%

1Y

-14.4%

Updated

01 Oct, 2022

Data

Company Financials
LEN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends1/6

LEN Stock Overview

Lena Lighting S.A. designs, develops, and manufactures professional lighting solutions primarily in Poland.

Lena Lighting Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lena Lighting
Historical stock prices
Current Share Pricezł4.05
52 Week Highzł4.88
52 Week Lowzł3.20
Beta0.74
1 Month Change14.09%
3 Month Change19.47%
1 Year Change-14.38%
3 Year Change29.39%
5 Year Change1.76%
Change since IPO-46.00%

Recent News & Updates

Sep 27
These 4 Measures Indicate That Lena Lighting (WSE:LEN) Is Using Debt Extensively

These 4 Measures Indicate That Lena Lighting (WSE:LEN) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

LENPL ElectricalPL Market
7D9.8%-3.5%-4.7%
1Y-14.4%-44.6%-36.0%

Return vs Industry: LEN exceeded the Polish Electrical industry which returned -44.6% over the past year.

Return vs Market: LEN exceeded the Polish Market which returned -36% over the past year.

Price Volatility

Is LEN's price volatile compared to industry and market?
LEN volatility
LEN Average Weekly Movement5.2%
Electrical Industry Average Movement6.1%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.6%
10% least volatile stocks in PL Market3.9%

Stable Share Price: LEN is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LEN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989193Wlodzimierz Lesinskihttps://lenalighting.pl

Lena Lighting S.A. designs, develops, and manufactures professional lighting solutions primarily in Poland. It provides architectural lighting products, such as office lighting, bulkheads, downlights, industrial lighting and floodlights, street lighting, accent lighting and projectors, emergency lighting, and lighting controls. The company also offers construction site and workshop lighting products, including floodlights, general construction site lighting, portable led fittings, machine lamps, incandescent lamps, battery hand lamps, tripods, portable fluorescent fittings, electrical materials, bactericidal and virucidal lamps, headlamps, workshop lamps, lamps for paint shops, and cable hand lamps.

Lena Lighting Fundamentals Summary

How do Lena Lighting's earnings and revenue compare to its market cap?
LEN fundamental statistics
Market Capzł100.74m
Earnings (TTM)zł10.16m
Revenue (TTM)zł162.58m

9.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LEN income statement (TTM)
Revenuezł162.58m
Cost of Revenuezł110.54m
Gross Profitzł52.04m
Other Expenseszł41.88m
Earningszł10.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 29, 2022

Earnings per share (EPS)0.41
Gross Margin32.01%
Net Profit Margin6.25%
Debt/Equity Ratio15.5%

How did LEN perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LEN?

Other financial metrics that can be useful for relative valuation.

LEN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA6.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does LEN's PE Ratio compare to its peers?

LEN PE Ratio vs Peers
The above table shows the PE ratio for LEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average62.7x
APE APS Energia
7.2xn/azł76.1m
ELT Elektrotim
214.1xn/azł56.5m
LUG LUG
9.5xn/azł43.2m
RLP Relpol
20xn/azł53.0m
LEN Lena Lighting
9.9xn/azł100.7m

Price-To-Earnings vs Peers: LEN is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (62.7x).


Price to Earnings Ratio vs Industry

How does LEN's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Earnings vs Industry: LEN is good value based on its Price-To-Earnings Ratio (9.9x) compared to the European Electrical industry average (18.8x)


Price to Earnings Ratio vs Fair Ratio

What is LEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LEN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LEN (PLN4.05) is trading above our estimate of fair value (PLN1.2)

Significantly Below Fair Value: LEN is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.9%

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 Lena Lighting 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.


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  • Examine Lena Lighting's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Lena Lighting competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Lena Lighting performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LEN has high quality earnings.

Growing Profit Margin: LEN's current net profit margins (6.3%) are lower than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: LEN's earnings have grown by 2.5% per year over the past 5 years.

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

Earnings vs Industry: LEN had negative earnings growth (-22.3%) over the past year, making it difficult to compare to the Electrical industry average (-10.2%).


Return on Equity

High ROE: LEN's Return on Equity (9.9%) is considered low.


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Financial Health

How is Lena Lighting's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LEN's short term assets (PLN84.5M) exceed its short term liabilities (PLN32.3M).

Long Term Liabilities: LEN's short term assets (PLN84.5M) exceed its long term liabilities (PLN2.6M).


Debt to Equity History and Analysis

Debt Level: LEN's net debt to equity ratio (14.5%) is considered satisfactory.

Reducing Debt: LEN's debt to equity ratio has increased from 1.1% to 15.5% over the past 5 years.

Debt Coverage: LEN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: LEN's interest payments on its debt are well covered by EBIT (30.9x coverage).


Balance Sheet


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Dividend

What is Lena Lighting current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.47%

Current Dividend Yield

Dividend Yield vs Market

Lena Lighting Dividend Yield vs Market
How does Lena Lighting dividend yield compare to the market?
SegmentDividend Yield
Company (Lena Lighting)2.5%
Market Bottom 25% (PL)3.1%
Market Top 25% (PL)9.5%
Industry Average (Electrical)2.4%
Analyst forecast in 3 Years (Lena Lighting)n/a

Notable Dividend: LEN's dividend (2.47%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (3.11%).

High Dividend: LEN's dividend (2.47%) is low compared to the top 25% of dividend payers in the Polish market (9.51%).


Stability and Growth of Payments

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

Growing Dividend: LEN's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.5%), LEN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: LEN is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Wlodzimierz Lesinski (59 yo)

no data

Tenure

zł1,120,505

Compensation

Mr. Wlodzimierz Lesinski serves as the President of the Management Board at Lena Lighting Spólka Akcyjna. Mr. Lesinski has been the President of the Management Board at Lena Lighting S.A. (Sroda Wlkp.) sin...


Board Members

Experienced Board: LEN's board of directors are not considered experienced ( 2.3 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

What is the ownership structure of LEN?
Owner TypeNumber of SharesOwnership Percentage
General Public4,351,62617.5%
Institutions4,425,33517.8%
Individual Insiders16,098,08964.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 8 shareholders own 82.51% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
59.72%
Wlodzimierz Lesinski
14,855,339PLN60.2m0%no data
11.91%
NN Investment Partners Holdings N.V.
2,962,182PLN12.0m0%0.01%
5.32%
PTE Bankowy, Asset Management Arm
1,323,945PLN5.4m0%0.16%
5%
Robert Gubala
1,242,750PLN5.0m0%no data
0.23%
Alior Towarzystwo Funduszy Inwestycyjnych S.A.
58,000PLN234.9k0%0.41%
0.19%
BNPP Asset Management Holding
48,138PLN195.0k0%no data
0.088%
Esaliens TFI S.A.
22,000PLN89.1k-60%0.01%
0.044%
Towarzystwo Funduszy Inwestycyjnych BGZ BNP Paribas S.A.
11,070PLN44.8k0%0.03%

Company Information

Lena Lighting S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Lena Lighting S.A.
  • Ticker: LEN
  • Exchange: WSE
  • Founded: 1989
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: zł100.744m
  • Shares outstanding: 24.88m
  • Website: https://lenalighting.pl

Number of Employees


Location

  • Lena Lighting S.A.
  • Kórnicka 52
  • Sroda Wielkopolska
  • 63-000
  • Poland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LENWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNJun 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.