WSE:NVA

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Slightly overvalued with concerning outlook.

Risks

  • P.A. Nova is not covered by any analysts.

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


Market Performance


7 Day Return

-2.9%

WSE:NVA

2.0%

PL Construction

1.4%

PL Market


1 Year Return

-25.8%

WSE:NVA

-5.4%

PL Construction

-9.3%

PL Market

NVA underperformed the Construction industry which returned -5.4% over the past year.

NVA underperformed the Market in Poland which returned -9.3% over the past year.


Share holder returns

NVAIndustryMarket
7 Day-2.9%2.0%1.4%
30 Day-6.3%-4.1%-8.3%
90 Day3.1%-2.5%-4.2%
1 Year-25.8%-25.8%-2.4%-5.4%-6.4%-9.3%
3 Year-37.6%-41.3%-42.8%-48.4%8.0%0.09%
5 Year-1.6%-9.8%-18.1%-28.5%-0.6%-13.3%

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

Valuation

Is P.A. Nova undervalued based on future cash flows and its price relative to the stock market?

8.77x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for P.A. Nova to establish if it is available at moderate discount.

Unable to calculate intrinsic value for P.A. Nova to establish if it is available at substantial discount.


Price Based on Earnings

P.A. Nova is overvalued based on earnings compared to the PL Construction industry average.

P.A. Nova is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for P.A. Nova, we can't assess if its growth is good value.


Price Based on Value of Assets

P.A. Nova is good value based on assets compared to the PL Construction industry average.


Next Steps

Future Growth

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

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if P.A. Nova is high growth as no revenue estimate data is available.

P.A. Nova's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare P.A. Nova's revenue growth to the Poland market average as no estimate data is available.

P.A. Nova's earnings growth is positive but not above the Poland market average.

P.A. Nova's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if P.A. Nova will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

3.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

P.A. Nova's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

P.A. Nova's 1-year earnings growth is negative, it can't be compared to the 5-year average.

P.A. Nova's 1-year earnings growth is negative, it can't be compared to the PL Construction industry average.


Return on Equity

P.A. Nova has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

P.A. Nova used its assets less efficiently than the PL Construction industry average last year based on Return on Assets.


Return on Capital Employed

P.A. Nova's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

P.A. Nova's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

P.A. Nova's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

P.A. Nova's level of debt (106.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (84.4% vs 106.9% today).

Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate P.A. Nova's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate P.A. Nova's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as P.A. Nova has not reported any payouts.

Unable to verify if P.A. Nova's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as P.A. Nova has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of P.A. Nova's salary, the management and board of directors tenure and is there insider trading?

12.6yrs

Average management tenure


CEO

Piotr Korek 0

0.0yrs

Tenure

0

Piotr Korek serves as President of Management Board at P.A. Nova S.A. 


CEO Compensation Analysis

Piotr's remuneration is higher than average for companies of similar size in Poland.

Insufficient data for Piotr to compare compensation growth.


Management Age and Tenure

12.6yrs

Average Tenure

The average tenure for the P.A. Nova management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

12.6yrs

Average Tenure

The average tenure for the P.A. Nova board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ewa Bobkowska

    Vice President of the Management Board

    • Tenure: 0.0yrs
  • Stanislaw Lessaer

    Vice-President of Management Board

    • Tenure: 12.6yrs
  • Grzegorz Bobkowski

    Director of CAD System Introduction Department and Member of Supervisory Board

    • Tenure: 12.6yrs
  • Przemyslaw Zur

    Vice-President of Management Board

    • Tenure: 12.6yrs
  • Jaroslaw Broda

    Vice-President of Management Board

    • Tenure: 12.6yrs
  • Milosz Wolanski

    Treasurer of Supervisory Board

    • Tenure: 12.5yrs
  • Jacek Tajster

    Investment Director

    • Tenure: 0.0yrs
  • Elzbieta Bryja

    Secretariat

    • Tenure: 0.0yrs
  • Tomasz Janik

    Vice President of Management Board

    • Tenure: 0.0yrs
  • Piotr Korek

    President of Management Board

    • Tenure: 0.0yrs

Board Members

  • Slawomir Kaminski (48yo)

    Vice-President of Supervisory Board

    • Tenure: 0.0yrs
  • Jerzy Biel

    President of Supervisory Board

    • Tenure: 12.6yrs
  • Grzegorz Bobkowski

    Director of CAD System Introduction Department and Member of Supervisory Board

    • Tenure: 12.6yrs
  • Milosz Wolanski

    Treasurer of Supervisory Board

    • Tenure: 12.5yrs
  • Katarzyna Jurek-Lessaer

    Member of Supervisory Board

    • Tenure: 12.6yrs
  • Leszek Iwaniec

    Member of Supervisory Board

    • Tenure: 0.0yrs
  • Tomasz Koziel

    Member of Supervisory Board

    • Tenure: 6.2yrs
    • Compensation: zł10.96k

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: zł135.000m
  • Shares outstanding: 10.00m
  • Website: https://www.pa-nova.com.pl

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. The company offers construction services as a general contractor for commercial properties, including retail chains, industrial halls, warehous ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 21:19
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
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.