WSE:RFK

Stock Analysis Report

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Market Cap

zł165.9m

Last Updated

2021/06/24 18:13 UTC

Data Sources

Company Financials

Executive Summary

Rafako S.A. provides engineering, procurement, and construction (EPC) services to the power sector, and oil and gas industry worldwide. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RFK is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: RFK's weekly volatility has decreased from 12% to 5% over the past year.


Market Performance


7 Day Return

1.9%

RFK

-0.5%

PL Machinery

1.2%

PL Market


1 Year Return

-18.5%

RFK

23.9%

PL Machinery

33.1%

PL Market

Return vs Industry: RFK underperformed the Polish Machinery industry which returned 23.8% over the past year.

Return vs Market: RFK underperformed the Polish Market which returned 31.3% over the past year.


Shareholder returns

RFKIndustryMarket
7 Day1.9%-0.5%1.2%
30 Day1.6%-1.3%3.6%
90 Day5.0%7.3%14.2%
1 Year-18.5%-18.5%26.0%23.9%35.1%33.1%
3 Year-61.1%-61.1%-2.1%-14.5%21.6%14.7%
5 Year-77.2%-78.2%39.1%19.3%42.5%27.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Rafako 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: RFK (PLN1.3) is trading below our estimate of fair value (PLN22.11)

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


Price To Earnings Ratio

PE vs Industry: RFK is unprofitable, so we can't compare its PE Ratio to the Polish Machinery industry average.

PE vs Market: RFK is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: RFK has negative assets, so we can't compare its PB Ratio to the PL Machinery industry average.


Future Growth

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

15.7%

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 Rafako 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.


Past Performance

How has Rafako performed over the past 5 years?

-73.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RFK is currently unprofitable.

Growing Profit Margin: RFK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RFK is unprofitable, and losses have increased over the past 5 years at a rate of 73.2% per year.

Accelerating Growth: Unable to compare RFK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RFK is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (19.6%).


Return on Equity

High ROE: RFK's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Rafako's financial position?


Financial Position Analysis

Short Term Liabilities: RFK has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RFK has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: RFK has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RFK's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable RFK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RFK is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.8% per year.


Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.3yrs

Average management tenure


CEO

Radoslaw Domagalski-Labedzki

0.42

Tenure

Mr. Radoslaw Domagalski-Labedzki is the President of the Board at Rafako S.A. since January 22, 2021. He served as Vice President of the Board at Rafako S.A. since May 2020 until January 22, 2021 and serve...


Leadership Team

Experienced Management: RFK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: RFK's board of directors are not considered experienced ( 1.1 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

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


Key Information

  • Name: Rafako S.A.
  • Ticker: RFK
  • Exchange: WSE
  • Founded: 1949
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: zł165.916m
  • Shares outstanding: 127.43m
  • Website: https://www.rafako.com.pl

Number of Employees


Location

  • Rafako S.A.
  • ul. Lakowa 33
  • Racibórz
  • 47-400
  • Poland

Listings


Biography

Rafako S.A. provides engineering, procurement, and construction (EPC) services to the power sector, and oil and gas industry worldwide. It operates in Power and Environmental Protection Facilities, and Oth...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 18:13
End of Day Share Price2021/06/24 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.