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MSP

Mostostal Plock WSE:MSP Stock Report

Last Price

zł19.00

Market Cap

zł38.0m

7D

0.5%

1Y

-17.0%

Updated

02 Oct, 2022

Data

Company Financials
MSP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

MSP Stock Overview

Mostostal Plock S.A. operates as a mechanical contractor in Poland.

Mostostal Plock Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mostostal Plock
Historical stock prices
Current Share Pricezł19.00
52 Week Highzł40.50
52 Week Lowzł17.75
Beta0.78
1 Month Change5.56%
3 Month Change-20.83%
1 Year Change-17.03%
3 Year Change234.51%
5 Year Change72.57%
Change since IPO21.02%

Recent News & Updates

Shareholder Returns

MSPPL ConstructionPL Market
7D0.5%0.08%-4.7%
1Y-17.0%-30.0%-36.0%

Return vs Industry: MSP exceeded the Polish Construction industry which returned -30% over the past year.

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

Price Volatility

Is MSP's price volatile compared to industry and market?
MSP volatility
MSP Average Weekly Movement6.2%
Construction Industry Average Movement5.3%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.6%
10% least volatile stocks in PL Market3.9%

Stable Share Price: MSP is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MSP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1963283n/ahttps://www.mostostal-plock.pl

Mostostal Plock S.A. operates as a mechanical contractor in Poland. It engages in the production and assembly of storage tanks, prefabrication and assembly of industrial installations and pipelines. The company is also involved in the prefabrication and erection of sports halls and indoor swimming pools, general constructions elements, radio and television masts, bridge and sewage treatment plant structures, industrial furnaces, industrial apparatus subject to UDT approvals, grain silos, steel chimneys, compressors and pumps, columns, reactors, and other structures and devices.

Mostostal Plock Fundamentals Summary

How do Mostostal Plock's earnings and revenue compare to its market cap?
MSP fundamental statistics
Market Capzł38.00m
Earnings (TTM)zł11.63m
Revenue (TTM)zł213.64m

3.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSP income statement (TTM)
Revenuezł213.64m
Cost of Revenuezł188.79m
Gross Profitzł24.84m
Other Expenseszł13.22m
Earningszł11.63m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 29, 2022

Earnings per share (EPS)5.81
Gross Margin11.63%
Net Profit Margin5.44%
Debt/Equity Ratio11.8%

How did MSP perform over the long term?

See historical performance and comparison

Dividends

21.1%

Current Dividend Yield

69%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 MSP?

Other financial metrics that can be useful for relative valuation.

MSP 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/Revenue0.08x
Enterprise Value/EBITDA0.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

MSP PE Ratio vs Peers
The above table shows the PE ratio for MSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.6x
ENP Energoaparatura
11.7xn/azł38.0m
TOS Tamex Obiekty Sportowe
30xn/azł39.7m
ATR Atrem
3.5xn/azł28.8m
BTX Forbuild
5.1xn/azł73.7m
MSP Mostostal Plock
3.3xn/azł38.0m

Price-To-Earnings vs Peers: MSP is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

How does MSP's PE Ratio compare vs other companies in the PL Construction Industry?

Price-To-Earnings vs Industry: MSP is good value based on its Price-To-Earnings Ratio (3.3x) compared to the Polish Construction industry average (6.3x)


Price to Earnings Ratio vs Fair Ratio

What is MSP'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.

MSP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MSP (PLN19) is trading below our estimate of fair value (PLN24.76)

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


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 Mostostal Plock 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


11.1%

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 Mostostal Plock 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 whether Mostostal Plock is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Mostostal Plock competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mostostal Plock 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


62.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MSP has a high level of non-cash earnings.

Growing Profit Margin: MSP's current net profit margins (5.4%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: MSP has become profitable over the past 5 years, growing earnings by 62% per year.

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

Earnings vs Industry: MSP had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Construction industry average (26%).


Return on Equity

High ROE: MSP's Return on Equity (25.8%) is considered high.


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Financial Health

How is Mostostal Plock's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MSP's short term assets (PLN99.0M) exceed its short term liabilities (PLN66.2M).

Long Term Liabilities: MSP's short term assets (PLN99.0M) exceed its long term liabilities (PLN10.8M).


Debt to Equity History and Analysis

Debt Level: MSP has more cash than its total debt.

Reducing Debt: MSP's debt to equity ratio has reduced from 21.9% to 11.8% over the past 5 years.

Debt Coverage: MSP's debt is well covered by operating cash flow (105.4%).

Interest Coverage: MSP's interest payments on its debt are well covered by EBIT (154.4x coverage).


Balance Sheet


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Dividend

What is Mostostal Plock current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


21.05%

Current Dividend Yield

Dividend Yield vs Market

Mostostal Plock Dividend Yield vs Market
How does Mostostal Plock dividend yield compare to the market?
SegmentDividend Yield
Company (Mostostal Plock)21.1%
Market Bottom 25% (PL)3.1%
Market Top 25% (PL)9.5%
Industry Average (Construction)17.4%
Analyst forecast in 3 Years (Mostostal Plock)n/a

Notable Dividend: MSP's dividend (21.05%) is higher than the bottom 25% of dividend payers in the Polish market (3.11%).

High Dividend: MSP's dividend (21.05%) is in the top 25% of dividend payers in the Polish market (9.51%)


Stability and Growth of Payments

Stable Dividend: MSP's dividends per share have been stable in the past 10 years.

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (68.8%), MSP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (170.3%), MSP's dividend payments are not well covered by cash flows.


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Management

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

4.9yrs

Average board tenure


CEO

Mostostal Plock has no CEO, or we have no data on them.


Board Members

Experienced Board: MSP's board of directors are considered experienced (4.9 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

What is the ownership structure of MSP?
Owner TypeNumber of SharesOwnership Percentage
Institutions156,3637.8%
General Public869,78043.5%
Public Companies973,85748.7%

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


Top Shareholders

Top 3 shareholders own 56.51% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
48.69%
Acciona, S.A.
973,857PLN18.5m0%no data
7.78%
Powszechne Towarzystwo Emerytalne PZU SA
155,613PLN3.0m0%0.03%
0.037%
Eques Investment Towarzystwo Funduszy Inwestycyjnych S.A.
750PLN14.3k0%0.18%

Company Information

Mostostal Plock S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mostostal Plock S.A.
  • Ticker: MSP
  • Exchange: WSE
  • Founded: 1963
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: zł38.000m
  • Shares outstanding: 2.00m
  • Website: https://www.mostostal-plock.pl

Number of Employees


Location

  • Mostostal Plock S.A.
  • ul. Targowa 12
  • Plock
  • 09-400
  • Poland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSPWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNSep 1998

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 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.