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PJP

PJP Makrum WSE:PJP Stock Report

Last Price

zł8.60

Market Cap

zł51.5m

7D

6.2%

1Y

-41.1%

Updated

29 Sep, 2022

Data

Company Financials
PJP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends0/6

PJP Stock Overview

PJP Makrum S.A. engages in docking solutions, and steel and industrial construction activities in Poland and internationally.

PJP Makrum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PJP Makrum
Historical stock prices
Current Share Pricezł8.60
52 Week Highzł15.40
52 Week Lowzł5.90
Beta0.62
1 Month Change-6.52%
3 Month Change0%
1 Year Change-41.10%
3 Year Change-43.79%
5 Year Change-32.28%
Change since IPO7.50%

Recent News & Updates

Aug 28
Here's Why PJP Makrum (WSE:PJP) Has A Meaningful Debt Burden

Here's Why PJP Makrum (WSE:PJP) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

May 30
These 4 Measures Indicate That PJP Makrum (WSE:PJP) Is Using Debt Extensively

These 4 Measures Indicate That PJP Makrum (WSE:PJP) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

PJPPL BuildingPL Market
7D6.2%-4.8%-4.3%
1Y-41.1%-34.9%-33.1%

Return vs Industry: PJP underperformed the Polish Building industry which returned -34.9% over the past year.

Return vs Market: PJP underperformed the Polish Market which returned -33.1% over the past year.

Price Volatility

Is PJP's price volatile compared to industry and market?
PJP volatility
PJP Average Weekly Movement8.0%
Building Industry Average Movement5.4%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.7%
10% least volatile stocks in PL Market3.8%

Stable Share Price: PJP is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PJP's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1948476Piotr Szczeblewskihttps://www.projprzem.com

PJP Makrum S.A. engages in docking solutions, and steel and industrial construction activities in Poland and internationally. The company produces, sells, and services dock levelers, loading ramps, dock shelters, sectional industrial doors, and high-speed shutters. It is also involved in the manufacture of steel constructions for power, chemical, and environmental industries; and construction of office buildings, shopping centers, supermarkets, and residential buildings.

PJP Makrum Fundamentals Summary

How do PJP Makrum's earnings and revenue compare to its market cap?
PJP fundamental statistics
Market Capzł51.45m
Earnings (TTM)zł8.89m
Revenue (TTM)zł452.00m

5.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PJP income statement (TTM)
Revenuezł452.00m
Cost of Revenuezł382.52m
Gross Profitzł69.48m
Other Expenseszł60.60m
Earningszł8.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 22, 2022

Earnings per share (EPS)1.49
Gross Margin15.37%
Net Profit Margin1.97%
Debt/Equity Ratio41.8%

How did PJP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PJP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PJP?

Other financial metrics that can be useful for relative valuation.

PJP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PJP's PE Ratio compare to its peers?

PJP PE Ratio vs Peers
The above table shows the PE ratio for PJP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.4x
TRR Termo-Rex
43xn/azł71.5m
WAT WAT
4.9xn/azł28.9m
CPR Compremum
3.9xn/azł98.0m
DKR Dektra
5.3xn/azł15.8m
PJP PJP Makrum
5.8xn/azł51.5m

Price-To-Earnings vs Peers: PJP is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does PJP's PE Ratio compare vs other companies in the European Building Industry?

Price-To-Earnings vs Industry: PJP is good value based on its Price-To-Earnings Ratio (5.8x) compared to the European Building industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

What is PJP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PJP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PJP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PJP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PJP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PJP's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.1%

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 PJP Makrum 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.


Discover growth companies

  • Check out PJP Makrum's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • PJP Makrum competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has PJP Makrum performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PJP has high quality earnings.

Growing Profit Margin: PJP's current net profit margins (2%) are higher than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: PJP has become profitable over the past 5 years, growing earnings by 1.4% per year.

Accelerating Growth: PJP's earnings growth over the past year (55.3%) exceeds its 5-year average (1.4% per year).

Earnings vs Industry: PJP earnings growth over the past year (55.3%) exceeded the Building industry -16.9%.


Return on Equity

High ROE: PJP's Return on Equity (7.1%) is considered low.


Discover strong past performing companies

Financial Health

How is PJP Makrum's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PJP's short term assets (PLN222.9M) exceed its short term liabilities (PLN213.5M).

Long Term Liabilities: PJP's short term assets (PLN222.9M) exceed its long term liabilities (PLN24.8M).


Debt to Equity History and Analysis

Debt Level: PJP's net debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: PJP's debt to equity ratio has increased from 22.6% to 41.8% over the past 5 years.

Debt Coverage: PJP's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet


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Dividend

What is PJP Makrum current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

PJP Makrum Dividend Yield vs Market
How does PJP Makrum dividend yield compare to the market?
SegmentDividend Yield
Company (PJP Makrum)0%
Market Bottom 25% (PL)3.1%
Market Top 25% (PL)9.3%
Industry Average (Building)2.5%
Analyst forecast in 3 Years (PJP Makrum)n/a

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: PJP is not paying a notable dividend for the Polish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PJP has not reported any payouts.


Discover strong dividend paying companies

Management

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

zł575k

CEO Compensation


CEO

Piotr Szczeblewski

no data

Tenure

zł575,000

Compensation

Mr. Piotr Szczeblewski serves as President of the Management Board of PJP Makrum S.A. (formerly known as Projprzem Makrum S.A.). (formerly known as Projprzem S.A.).


CEO Compensation Analysis

Piotr Szczeblewski's Compensation vs PJP Makrum Earnings
How has Piotr Szczeblewski's remuneration changed compared to PJP Makrum's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

zł9m

Mar 31 2022n/an/a

zł5m

Dec 31 2021n/an/a

zł2m

Sep 30 2021n/an/a

zł3m

Jun 30 2021n/an/a

zł6m

Mar 31 2021n/an/a

zł13m

Dec 31 2020n/an/a

zł15m

Sep 30 2020n/an/a

zł13m

Jun 30 2020n/an/a

zł13m

Mar 31 2020n/an/a

zł7m

Dec 31 2019zł575kzł575k

zł6m

Compensation vs Market: Insufficient data to establish whether Piotr's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Insufficient data to compare Piotr's compensation with company performance.


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

What is the ownership structure of PJP?
Owner TypeNumber of SharesOwnership Percentage
Institutions00%
Individual Insiders5000.008%
General Public2,049,84634.3%
Public Companies3,932,37065.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 2 shareholders own 65.74% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
65.73%
Grupa Kapitalowa IMMOBILE S.A.
3,932,370PLN33.8m0%no data
0.0084%
Marcin Marczuk
500PLN4.3k0%no data

Company Information

PJP Makrum S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: PJP Makrum S.A.
  • Ticker: PJP
  • Exchange: WSE
  • Founded: 1948
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: zł51.451m
  • Shares outstanding: 5.98m
  • Website: https://www.projprzem.com

Number of Employees


Location

  • PJP Makrum S.A.
  • Plac Koscieleckich 3
  • Bydgoszcz
  • 85-033
  • Poland


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PJPWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNAug 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.