Mostostal Zabrze (WSE:MSZ) - Share price, News & Analysis

MSZ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	0/6

MSZ Overview

Mostostal Zabrze S.A. engages in the design, production, construction, and assembly activities.

Rewards

Trading at 90.8% below our estimate of its fair value

Earnings grew by 40.2% over the past year

Risk Analysis

Does not have a meaningful market cap (PLN145M)

Mostostal Zabrze Competitors

Budimex

WSE:BDX

zł7.9b

Polimex-Mostostal

WSE:PXM

zł1.1b

Erbud

WSE:ERB

zł1.0b

Mostostal Warszawa

WSE:MSW

zł153.2m

Price History & Performance

Summary of all time highs, changes and price drops for Mostostal Zabrze
Historical stock prices
Current Share Price	zł1.95
52 Week High	zł0.79
52 Week Low	zł2.27
Beta	0.69
1 Month Change	5.98%
3 Month Change	19.63%
1 Year Change	138.39%
3 Year Change	306.25%
5 Year Change	-12.95%
Change since IPO	-86.36%

Shareholder Returns

	MSZ	PL Construction	PL Market
7D	0%	-1.6%	-1.3%
1Y	138.4%	50.0%	44.1%

Return vs Industry: MSZ exceeded the Polish Construction industry which returned 50% over the past year.

Return vs Market: MSZ exceeded the Polish Market which returned 44.1% over the past year.

Price Volatility

Is MSZ's price volatile compared to industry and market?
MSZ volatility
MSZ Beta	0.69
Industry Beta	0.75
Market Beta	1

Stable Share Price: MSZ is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MSZ's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1945	1,876	Dariusz Pietyszuk	https://www.mz.pl

Mostostal Zabrze S.A. engages in the design, production, construction, and assembly activities. It constructs industrial facilities; and public facilities such as hospitals, office buildings, residential buildings, swimming pools and commercial facilities; as well as roads, and sewage systems and treatment plants. The company offers industrial and specialist construction works in various industries, including metallurgy, cement, building materials, automotive, mining, and cableways.

Mostostal Zabrze Fundamentals Summary

How do Mostostal Zabrze's earnings and revenue compare to its market cap?
MSZ fundamental statistics
Market Cap	zł145.40m
Earnings (TTM)	zł13.71m
Revenue (TTM)	zł705.39m

10.6x

P/E Ratio

0.2x

P/S Ratio

Is MSZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSZ income statement (TTM)
Revenue	zł705.39m
Cost of Revenue	zł630.03m
Gross Profit	zł75.35m
Expenses	zł61.65m
Earnings	zł13.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)	0.18
Gross Margin	10.68%
Net Profit Margin	1.94%
Debt/Equity Ratio	18.4%

How did MSZ perform over the long term?

See historical performance and comparison

Valuation

Is Mostostal Zabrze 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: MSZ (PLN1.95) is trading below our estimate of fair value (PLN21.2)

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

Price To Earnings Ratio

PE vs Industry: MSZ is poor value based on its PE Ratio (10.6x) compared to the Polish Construction industry average (9.3x).

PE vs Market: MSZ is good value based on its PE Ratio (10.6x) compared to the Polish market (13x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MSZ is good value based on its PB Ratio (0.8x) compared to the PL Construction industry average (1.3x).

Future Growth

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

20.5%

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 Zabrze 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.

Past Performance

How has Mostostal Zabrze performed over the past 5 years?

45.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MSZ has high quality earnings.

Growing Profit Margin: MSZ's current net profit margins (1.9%) are higher than last year (1.7%).

Past Earnings Growth Analysis

Earnings Trend: MSZ has become profitable over the past 5 years, growing earnings by 45.6% per year.

Accelerating Growth: MSZ's earnings growth over the past year (40.2%) is below its 5-year average (45.6% per year).

Earnings vs Industry: MSZ earnings growth over the past year (40.2%) exceeded the Construction industry 39.8%.

Return on Equity

High ROE: MSZ's Return on Equity (7.7%) is considered low.

Financial Health

How is Mostostal Zabrze's financial position?

Financial Position Analysis

Short Term Liabilities: MSZ's short term assets (PLN388.0M) exceed its short term liabilities (PLN303.9M).

Long Term Liabilities: MSZ's short term assets (PLN388.0M) exceed its long term liabilities (PLN56.1M).

Debt to Equity History and Analysis

Debt Level: MSZ's debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: MSZ's debt to equity ratio has increased from 7% to 18.4% over the past 5 years.

Debt Coverage: MSZ's debt is well covered by operating cash flow (55.1%).

Interest Coverage: MSZ's interest payments on its debt are well covered by EBIT (18.4x coverage).

Balance Sheet

Dividend

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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MSZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MSZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MSZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MSZ's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: MSZ is not paying a notable dividend for the Polish market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MSZ's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

6.8yrs

Average board tenure

CEO

Dariusz Pietyszuk

4yrs

Tenure

zł868,000

Compensation

Mr. Dariusz Pietyszuk has been a Member of the Supervisory Board at Hydrapres S.A. He has been Chief Financial Officer of Mostostal Zabrze S.A. since 2014. Mr. Pietyszuk serves as President of Management B...

CEO Compensation Analysis

Compensation vs Market: Dariusz's total compensation ($USD220.51K) is above average for companies of similar size in the Polish market ($USD140.23K).

Compensation vs Earnings: Dariusz's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: MSZ's board of directors are considered experienced (6.8 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.

Data	Last Updated (UTC time)
Company Analysis	2021/09/27 21:18
End of Day Share Price	2021/09/27 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data