WSE:PXM

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued with proven 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.2%

PXM

-1.2%

PL Construction

-0.4%

PL Market


1 Year Return

-4.2%

PXM

63.4%

PL Construction

-16.6%

PL Market

Return vs Industry: PXM underperformed the Polish Construction industry which returned 57% over the past year.

Return vs Market: PXM exceeded the Polish Market which returned -16.3% over the past year.


Shareholder returns

PXMIndustryMarket
7 Day-7.2%-1.2%-0.4%
30 Day2.2%3.0%-4.0%
90 Day-15.3%4.7%-9.5%
1 Year-4.2%-4.2%66.5%63.4%-15.9%-16.6%
3 Year-52.5%-52.5%8.5%-2.5%-24.9%-29.3%
5 Year-63.4%-63.4%-1.2%-16.4%-15.1%-24.3%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PXM (PLN2.05) is trading below our estimate of fair value (PLN7.92)

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


Price To Earnings Ratio

PE vs Industry: PXM is good value based on its PE Ratio (5.5x) compared to the PL Construction industry average (6.9x).

PE vs Market: PXM is good value based on its PE Ratio (5.5x) compared to the Polish market (12.6x).


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 (0.6x) 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?

13.6%

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?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PXM has a large one-off gain of PLN53.9M impacting its June 30 2020 financial results.

Growing Profit Margin: PXM's current net profit margins (5.6%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: PXM has become profitable over the past 5 years, growing earnings by 11% per year.

Accelerating Growth: PXM's earnings growth over the past year (250.9%) exceeds its 5-year average (11% per year).

Earnings vs Industry: PXM earnings growth over the past year (250.9%) exceeded the Construction industry 17.7%.


Return on Equity

High ROE: PXM's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is Polimex-Mostostal's financial position?


Financial Position Analysis

Short Term Liabilities: PXM's short term assets (PLN1.1B) exceed its short term liabilities (PLN790.0M).

Long Term Liabilities: PXM's short term assets (PLN1.1B) exceed its long term liabilities (PLN288.4M).


Debt to Equity History and Analysis

Debt Level: PXM's debt to equity ratio (55.8%) is considered high.

Reducing Debt: PXM's debt to equity ratio has reduced from 93.3% to 55.8% over the past 5 years.

Debt Coverage: PXM's debt is well covered by operating cash flow (21.9%).

Interest Coverage: PXM's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PXM'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 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

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

2.8yrs

Average management tenure


CEO

Krzysztof Figat

2.75yrs

Tenure

zł812,000

Compensation

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Krzysztof Figat
President of the Management Board2.75yrszł812.00kno data
Przemyslaw Janiszewski
Vice President of the Management Board3.08yrszł690.00kno data
Maciej Korniluk
Vice President of Management Boardno datazł691.00kno data
Katarzyna Dabrowska
Independent Secretary of the Supervisory Boardno datazł104.00kno data
Ewa Kaczorek
Chief Accountantno datano datano data

2.8yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Katarzyna Dabrowska
Independent Secretary of the Supervisory Boardno datazł104.00kno data
Bartlomiej Kurkus
Independent Vice Chairman of Supervisory Boardno datazł134.00kno data
Jakub Rybicki
Chairman of the Supervisory Board0.75yrno datano data
Eliza Kaczorowska
Independent Member of the Supervisory Board0.75yrno datano data
Marcin Mauer
Independent Member of the Supervisory Board0.75yrno datano data
Tomasz Myslinski
Independent Member of the Supervisory Board0.75yrno datano data
Karolina Mazurkiewicz - Grzybowska
Member of the Supervisory Board0.17yrno datano data

0.8yrs

Average Tenure

Experienced Board: PXM's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

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: zł485.069m
  • Shares outstanding: 236.62m
  • Website: https://www.polimex-mostostal.pl

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 Analysis2020/10/20 21:06
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
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.