WSE:PXM

Stock Analysis Report

Executive Summary

Polimex-Mostostal S.A. operates as an engineering and construction company in Poland and internationally.

Snowflake

Fundamentals

Imperfect balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Polimex-Mostostal's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PXM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

PXM

2.9%

PL Construction

-1.8%

PL Market


1 Year Return

-24.0%

PXM

8.3%

PL Construction

-3.3%

PL Market

Return vs Industry: PXM underperformed the Polish Construction industry which returned 8.3% over the past year.

Return vs Market: PXM underperformed the Polish Market which returned -3.3% over the past year.


Shareholder returns

PXMIndustryMarket
7 Day-3.3%2.9%-1.8%
30 Day1.6%12.7%-1.0%
90 Day-3.1%4.9%1.9%
1 Year-24.0%-24.0%12.2%8.3%-0.2%-3.3%
3 Year-31.8%-31.8%-23.6%-33.2%12.4%4.1%
5 Year-45.6%-45.6%-4.3%-18.8%0.9%-11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Polimex-Mostostal undervalued compared to its fair value and its price relative to the market?

19.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PXM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PXM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PXM is poor value based on its PE Ratio (19.4x) compared to the Construction industry average (6.9x).

PE vs Market: PXM is poor value based on its PE Ratio (19.4x) compared to the Polish market (10.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PXM is good value based on its PB Ratio (0.8x) compared to the PL Construction industry average (0.8x).


Next Steps

Future Growth

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

15.3%

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 Polimex-Mostostal 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 Polimex-Mostostal performed over the past 5 years?

-5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXM has large one-off items impacting its financial results.

Growing Profit Margin: PXM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PXM has become profitable over the past 5 years, growing earnings by -5.2% per year.

Accelerating Growth: PXM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PXM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (10.1%).


Return on Equity

High ROE: PXM's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Polimex-Mostostal's financial position?


Financial Position Analysis

Short Term Liabilities: PXM's short term assets (PLN1.0B) exceeds its short term liabilities (PLN805.6M)

Long Term Liabilities: PXM's short term assets (PLN1.0B) exceeds its long term liabilities (321.5M)


Debt to Equity History and Analysis

Debt Level: PXM's debt to equity ratio (61.7%) is considered high.

Reducing Debt: PXM's debt to equity ratio has increased from 48.3% to 61.7% over the past 5 years.

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

Interest Coverage: PXM's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: PXM's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is Polimex-Mostostal's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.7%markettop25%7.4%industryaverage4.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PXM'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 Polimex-Mostostal's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average board tenure


CEO

Krzysztof Figat 0

1.8yrs

Tenure

0

Mr. Krzysztof Figat is the President of the Management Board of "Polimex-Mostostal" SA since 2018. Mr. Figat is a graduate of the Faculty of Electrical Engineering of the Lublin University of Technology wi ...


Board Age and Tenure

2.5yrs

Average Tenure

Experienced Board: PXM's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

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


Management Team

  • Ewa Kaczorek

    Chief Accountant

    • Tenure: 0yrs
  • Przemyslaw Janiszewski

    Vice President of the Management Board

    • Tenure: 2.2yrs
  • Maciej Korniluk

    Vice President of Management Board

    • Tenure: 0yrs
  • Krzysztof Figat

    President of the Management Board

    • Tenure: 1.8yrs

Board Members

  • Andrzej Kania

    Member of Supervisory Board

    • Tenure: 1.9yrs
  • Andrzej Komarowski

    Independent Member of Supervisory Board

    • Tenure: 3.8yrs
  • Bartlomiej Kurkus

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
  • Pawel Mazurkiewicz

    Independent Member of Supervisory Board

    • Tenure: 0yrs
  • Konrad Milczarski

    Independent Member of Supervisory Board

    • Tenure: 0yrs
  • Wojciech Kowalczyk

    Chairman of Supervisory Board

    • Tenure: 2.5yrs
  • Katarzyna Dabrowska

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

Polimex-Mostostal S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Polimex-Mostostal S.A.
  • Ticker: PXM
  • Exchange: WSE
  • Founded: 1945
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł515.829m
  • Shares outstanding: 236.62m
  • Website: https://www.polimex-mostostal.pl

Number of Employees


Location

  • Polimex-Mostostal S.A.
  • al. Jana Pawla II 12
  • Warsaw
  • 00-124
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PXMWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNOct 1997
0NTKLSE (London Stock Exchange)YesBearer SharesGBPLNOct 1997

Biography

Polimex-Mostostal S.A. operates as an engineering and construction company in Poland and internationally. The company designs and constructs roads, bridges, railway infrastructure, large-size structures, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 20:43
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
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.