WSE:NVA

Stock Analysis Report

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Executive Summary

P.A. Nova S.A. operates in the construction sector in Poland. More Details


Snowflake Analysis

Undervalued with mediocre balance sheet.

Share Price & News

How has P.A. Nova's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-7.2%

NVA

5.5%

PL Construction

-2.9%

PL Market


1 Year Return

-1.8%

NVA

94.7%

PL Construction

18.9%

PL Market

Return vs Industry: NVA underperformed the Polish Construction industry which returned 88.4% over the past year.

Return vs Market: NVA underperformed the Polish Market which returned 15.8% over the past year.


Shareholder returns

NVAIndustryMarket
7 Day-7.2%5.5%-2.9%
30 Day8.4%9.3%1.2%
90 Day25.5%36.6%6.2%
1 Year-1.8%-1.8%98.7%94.7%20.0%18.9%
3 Year-41.8%-41.8%61.3%44.9%-4.1%-9.9%
5 Year-26.1%-30.4%57.6%33.8%18.8%5.3%

Long-Term Price Volatility Vs. Market

How volatile is P.A. Nova's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is P.A. Nova 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: NVA (PLN13.55) is trading below our estimate of fair value (PLN131.82)

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


Price To Earnings Ratio

PE vs Industry: NVA is good value based on its PE Ratio (5.5x) compared to the PL Construction industry average (8.8x).

PE vs Market: NVA is good value based on its PE Ratio (5.5x) compared to the Polish market (15.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NVA is good value based on its PB Ratio (0.3x) compared to the PL Construction industry average (1x).


Next Steps

Future Growth

How is P.A. Nova forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.5%

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 P.A. Nova 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 P.A. Nova performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVA has a large one-off gain of PLN6.3M impacting its September 30 2020 financial results.

Growing Profit Margin: NVA's current net profit margins (12.2%) are higher than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: NVA's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: NVA's earnings growth over the past year (0.7%) is below its 5-year average (4.6% per year).

Earnings vs Industry: NVA earnings growth over the past year (0.7%) underperformed the Construction industry 34.3%.


Return on Equity

High ROE: NVA's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is P.A. Nova's financial position?


Financial Position Analysis

Short Term Liabilities: NVA's short term assets (PLN99.4M) exceed its short term liabilities (PLN97.4M).

Long Term Liabilities: NVA's short term assets (PLN99.4M) do not cover its long term liabilities (PLN344.7M).


Debt to Equity History and Analysis

Debt Level: NVA's debt to equity ratio (89.8%) is considered high.

Reducing Debt: NVA's debt to equity ratio has reduced from 118.7% to 89.8% over the past 5 years.

Debt Coverage: NVA's debt is not well covered by operating cash flow (13.8%).

Interest Coverage: NVA's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

What is P.A. Nova current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NVA'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 NVA's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

14.1yrs

Average board tenure


CEO

Tomasz Janik

no data

Tenure

zł442,650

Compensation

Mr. Tomasz Janik serves as President of the Management Board at P.A. Nova S.A. since June 18, 2019. Mr. Janik served as Vice President of Management Board at P.A. Nova S.A. until June 18, 2019. He served ...


Board Members

NamePositionTenureCompensationOwnership
Milosz Wolanski
Secretary of Supervisory Board14yrszł35.73k0.0079%
PLN 11.4k
Slawomir Kaminski
Vice Chairman of Supervisory Boardno datazł35.73k0.030%
PLN 43.5k
Jerzy Biel
Chairman of Supervisory Board14.08yrszł52.21k0.010%
PLN 14.5k
Katarzyna Jurek-Lessaer
Member of Supervisory Board14.08yrszł126.83k2.78%
PLN 4.0m
Leszek Iwaniec
Member of Supervisory Boardno datazł35.73kno data
Pawel Ruka
Member of Supervisory Boardno datazł35.73kno data

14.1yrs

Average Tenure

Experienced Board: NVA's board of directors are seasoned and experienced ( 14.1 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

P.A. Nova S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: P.A. Nova S.A.
  • Ticker: NVA
  • Exchange: WSE
  • Founded: 1987
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł144.564m
  • Shares outstanding: 9.97m
  • Website: https://www.pa-nova.com.pl

Number of Employees


Location

  • P.A. Nova S.A.
  • ul. Górnych Walów 42
  • Gliwice
  • 44-100
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NVAWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 2007

Biography

P.A. Nova S.A. operates in the construction sector in Poland. It offers construction services as a general contractor for commercial properties, including retail chains, industrial halls, warehouses, petro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 18:05
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.