WSE:PBX

Stock Analysis Report

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Market Cap

zł650.5m

Last Updated

2021/06/23 22:46 UTC

Data Sources

Company Financials

Executive Summary

Pekabex S.A. manufactures and sells prefabricated reinforced and pre-stressed concrete elements in Poland, Germany, Sweden, Norway, Denmark, and Scandinavia. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Pekabex's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

1.9%

PBX

-0.5%

PL Construction

1.2%

PL Market


1 Year Return

122.0%

PBX

80.2%

PL Construction

33.1%

PL Market

Return vs Industry: PBX exceeded the Polish Construction industry which returned 80.2% over the past year.

Return vs Market: PBX exceeded the Polish Market which returned 33.1% over the past year.


Shareholder returns

PBXIndustryMarket
7 Day1.9%-0.5%1.2%
30 Day0.8%1.5%3.6%
90 Day30.3%18.0%14.2%
1 Year125.0%122.0%83.9%80.2%35.1%33.1%
3 Year162.9%147.2%91.7%82.2%21.6%14.7%
5 Year136.5%118.3%13.5%7.3%42.5%27.9%

Long-Term Price Volatility Vs. Market

How volatile is Pekabex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pekabex undervalued compared to its fair value and its price relative to the market?

22.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PBX (PLN26.2) is trading below our estimate of fair value (PLN33.71)

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


Price To Earnings Ratio

PE vs Industry: PBX is poor value based on its PE Ratio (10.9x) compared to the Polish Construction industry average (9.5x).

PE vs Market: PBX is good value based on its PE Ratio (10.9x) compared to the Polish market (14.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PBX is overvalued based on its PB Ratio (1.8x) compared to the PL Construction industry average (1.2x).


Future Growth

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

25.4%

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 Pekabex 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 Pekabex performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBX has high quality earnings.

Growing Profit Margin: PBX's current net profit margins (6.2%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: PBX's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: PBX's earnings growth over the past year (61.4%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: PBX earnings growth over the past year (61.4%) exceeded the Construction industry 34.1%.


Return on Equity

High ROE: PBX's Return on Equity (15.6%) is considered low.


Financial Health

How is Pekabex's financial position?


Financial Position Analysis

Short Term Liabilities: PBX's short term assets (PLN545.5M) exceed its short term liabilities (PLN405.4M).

Long Term Liabilities: PBX's short term assets (PLN545.5M) exceed its long term liabilities (PLN189.0M).


Debt to Equity History and Analysis

Debt Level: PBX's debt to equity ratio (43.3%) is considered high.

Reducing Debt: PBX's debt to equity ratio has increased from 33.3% to 43.3% over the past 5 years.

Debt Coverage: PBX's debt is well covered by operating cash flow (68.5%).

Interest Coverage: PBX's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet


Dividend

What is Pekabex current dividend yield, its reliability and sustainability?

1.56%

Current Dividend Yield


Upcoming Dividend Payment

TodayJun 24 2021Ex Dividend DateJul 15 2021Dividend Pay DateJul 30 202115 days from Ex DividendBuy in the next 20 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PBX's dividend (1.56%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (1.97%).

High Dividend: PBX's dividend (1.56%) is low compared to the top 25% of dividend payers in the Polish market (5.79%).


Stability and Growth of Payments

Stable Dividend: PBX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PBX's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.1%), PBX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

10.8yrs

Average board tenure


CEO

Robert Jedrzejowski

no data

Tenure

zł583,000

Compensation

Mr. Robert Waldemar Jedrzejowski has been the President of Management Board of Pekabex S.A since 2015 and has been its Member of Management Board since 2007. Mr. Jedrzejowski is Managing Partner (president...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD153.90K) is below average for companies of similar size in the Polish market ($USD240.75K).

Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: PBX's board of directors are seasoned and experienced ( 10.8 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.


Top Shareholders

Company Information

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


Key Information

  • Name: Pekabex S.A.
  • Ticker: PBX
  • Exchange: WSE
  • Founded: 1972
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł650.455m
  • Shares outstanding: 24.83m
  • Website: https://www.pekabex.pl

Number of Employees


Location

  • Pekabex S.A.
  • ul. Szarych SzeregOw 27
  • Poznan
  • 60-462
  • Poland

Listings


Biography

Pekabex S.A. manufactures and sells prefabricated reinforced and pre-stressed concrete elements in Poland, Germany, Sweden, Norway, Denmark, and Scandinavia. It offers foundations, floor beams, slabs, roof...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 22:46
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.