WSE:PBX

Stock Analysis Report

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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

-2.8%

PL Construction

0.3%

PL Market


1 Year Return

128.0%

PBX

89.0%

PL Construction

31.6%

PL Market

Return vs Industry: PBX exceeded the Polish Construction industry which returned 78.3% over the past year.

Return vs Market: PBX exceeded the Polish Market which returned 20.1% over the past year.


Shareholder returns

PBXIndustryMarket
7 Day-1.9%-2.8%0.3%
30 Day7.1%1.7%1.2%
90 Day30.5%24.7%3.7%
1 Year131.0%128.0%92.8%89.0%32.8%31.6%
3 Year114.8%101.9%47.3%31.7%-4.2%-10.0%
5 Year112.7%96.3%52.3%28.7%18.8%5.3%

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?

9.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PBX (PLN21.2) is trading above our estimate of fair value (PLN2.56)

Significantly Below Fair Value: PBX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PBX is poor value based on its PE Ratio (9.7x) compared to the PL Construction industry average (9.4x).

PE vs Market: PBX is good value based on its PE Ratio (9.7x) compared to the Polish market (15.6x).


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 (1.5x) compared to the PL Construction industry average (1x).


Next Steps

Future Growth

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

-0.07%

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.


Next Steps

Past Performance

How has Pekabex performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBX has high quality earnings.

Growing Profit Margin: PBX's current net profit margins (5.8%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: PBX's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: PBX's earnings growth over the past year (75%) exceeds its 5-year average (13.1% per year).

Earnings vs Industry: PBX earnings growth over the past year (75%) exceeded the Construction industry 34.3%.


Return on Equity

High ROE: PBX's Return on Equity (15.5%) is considered low.


Next Steps

Financial Health

How is Pekabex's financial position?


Financial Position Analysis

Short Term Liabilities: PBX's short term assets (PLN455.8M) exceed its short term liabilities (PLN313.6M).

Long Term Liabilities: PBX's short term assets (PLN455.8M) exceed its long term liabilities (PLN144.4M).


Debt to Equity History and Analysis

Debt Level: PBX's debt to equity ratio (42.2%) is considered high.

Reducing Debt: PBX's debt to equity ratio has increased from 14% to 42.2% over the past 5 years.

Debt Coverage: PBX's debt is well covered by operating cash flow (41.6%).

Interest Coverage: PBX earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

0.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PBX's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (1.5%).

High Dividend: PBX's dividend (0.75%) is low compared to the top 25% of dividend payers in the Polish market (5.02%).


Stability and Growth of Payments

Stable Dividend: PBX is not paying a notable dividend for the Polish market, therefore no need to check if payments are stable.

Growing Dividend: PBX is not paying a notable dividend for the Polish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBX'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?

10.6yrs

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 ($USD150.48K) is about average for companies of similar size in the Polish market ($USD143.86K).

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


Board Members

NamePositionTenureCompensationOwnership
Maciej Grabski
Member of Supervisory Board14.17yrszł30.00kno data
Ryszard Klimczyk
Member of Supervisory Board10.58yrszł30.00kno data
Piotr Taracha
Chairman of Supervisory Boardno datazł30.00kno data
Piotr Cyburta
Vice Chairman of Supervisory Boardno datazł30.00kno data
Stefan Grabski
Member of the Supervisory Boardno datazł30.00kno data
Marcin Szpak
Member of the Supervisory Board2.75yrszł30.00kno data
Leslaw Kula
Member of Supervisory Boardno datazł16.00kno data

10.6yrs

Average Tenure

Experienced Board: PBX's board of directors are seasoned and experienced ( 10.6 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: zł521.357m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBXWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNJul 2015

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 Analysis2021/03/08 18:12
End of Day Share Price2021/03/08 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.