WSE:PTH

Stock Analysis Report

Executive Summary

Primetech S.A. provides drilling and geotechnical services.

Snowflake

Fundamentals

Proven track record and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

PTH

-2.1%

PL Machinery

0.7%

PL Market


1 Year Return

-3.9%

PTH

-20.4%

PL Machinery

-4.5%

PL Market

Return vs Industry: PTH exceeded the Polish Machinery industry which returned -20.4% over the past year.

Return vs Market: PTH matched the Polish Market which returned -4.5% over the past year.


Shareholder returns

PTHIndustryMarket
7 Day-2.4%-2.1%0.7%
30 Day-14.0%-6.3%-2.5%
90 Day-15.5%-13.6%-6.9%
1 Year-3.9%-3.9%-14.5%-20.4%-1.6%-4.5%
3 Year-66.5%-66.5%-15.7%-25.6%11.8%3.9%
5 Year-87.9%-88.5%-10.1%-21.1%-1.0%-13.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PTH (PLN1.24) is trading above our estimate of fair value (PLN0)

Significantly Undervalued: PTH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PTH is good value based on its PE Ratio (0.1x) compared to the Machinery industry average (8.4x).

PE vs Market: PTH is good value based on its PE Ratio (0.1x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PTH is overvalued based on its PB Ratio (3.3x) compared to the PL Machinery industry average (0.8x).


Next Steps

Future Growth

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

-83.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PTH's earnings are forecast to decline over the next 3 years (-83.3% per year).

Earnings vs Market: PTH's earnings are forecast to decline over the next 3 years (-83.3% per year).

High Growth Earnings: PTH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if PTH's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if PTH's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PTH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Primetech performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PTH's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: PTH's earnings growth over the past year (652.5%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: PTH earnings growth over the past year (652.5%) exceeded the Machinery industry 52.5%.


Return on Equity

High ROE: Whilst PTH's Return on Equity (2228.02%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: PTH has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: PTH's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Primetech's financial position?


Financial Position Analysis

Short Term Liabilities: PTH's short term assets (PLN30.0M) do not cover its short term liabilities (PLN33.0M)

Long Term Liabilities: PTH's short term assets (30.0M) exceeds its long term liabilities (737.0K)


Debt to Equity History and Analysis

Debt Level: PTH's debt to equity ratio (327.5%) is considered high

Reducing Debt: PTH's debt to equity ratio has increased from 14% to 327.5% over the past 5 years.

Debt Coverage: PTH's debt is well covered by operating cash flow (96.9%).

Interest Coverage: PTH's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet

Inventory Level: PTH has a high level of physical assets or inventory.

Debt Coverage by Assets: PTH's debt is covered by short term assets (assets are 1.566250x debt).


Next Steps

Dividend

What is Primetech's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.6%markettop25%7.3%industryaverage7.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate PTH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if PTH's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Primetech's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Primetech has no CEO, or we have no data on them.


Management Age and Tenure

2.8yrs

Average Tenure

Experienced Management: PTH's management team is considered experienced (2.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Józef Wolski (70yo)

    Advisor to the Management Board

    • Tenure: 3.8yrs
    • Compensation: zł131.00k
  • Bartosz Bielak

    VP of the Management Board & Branch Operations Manager of Head Office Zabrze

    • Tenure: 2.8yrs
  • Jan Poswiata

    Chairman of Management Board

    • Tenure: 0.8yrs

Board Members

  • Dawid Gruszczyk

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Robert Rogowski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Miroslaw Bendzera

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Zdzislaw Szypula

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Karolina Blacha-Cieslik

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Dorota Wyjadlowska

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Adam Toborek

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Primetech S.A.
  • Ticker: PTH
  • Exchange: WSE
  • Founded: 1961
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: zł19.356m
  • Shares outstanding: 15.61m
  • Website: https://www.primetechsa.pl

Location

  • Primetech S.A.
  • Armii Krajowej 51
  • Katowice
  • 40-698
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTHWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 1998

Biography

Primetech S.A. provides drilling and geotechnical services. The company is involved in the provision of vertical, horizontal, and directional drilling services; drilling wells, reconnaissance and explorati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:54
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.