WSE:RFK

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet and overvalued.


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


Market Performance


7 Day Return

-0.2%

RFK

2.4%

PL Machinery

-1.6%

PL Market


1 Year Return

-24.2%

RFK

-11.3%

PL Machinery

1.0%

PL Market

Return vs Industry: RFK underperformed the Polish Machinery industry which returned -11.3% over the past year.

Return vs Market: RFK underperformed the Polish Market which returned 1% over the past year.


Shareholder returns

RFKIndustryMarket
7 Day-0.2%2.4%-1.6%
30 Day7.7%5.4%2.0%
90 Day-12.6%-1.1%3.2%
1 Year-24.2%-24.2%-4.7%-11.3%4.2%1.0%
3 Year-79.7%-80.6%-6.0%-17.1%15.4%7.0%
5 Year-78.6%-79.5%2.1%-10.6%2.9%-9.7%

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

Valuation

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

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: RFK is unprofitable, so we can't compare its PE Ratio to the 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 is good value based on its PB Ratio (0.4x) compared to the PL Machinery industry average (0.9x).


Next Steps

Future Growth

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

-4.7%

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.


Next Steps

Past Performance

How has Rafako performed over the past 5 years?

-11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RFK has high quality earnings.

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 -11.4% 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 (52.5%).


Return on Equity

High ROE: RFK has a negative Return on Equity (-36.87%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Rafako's financial position?


Financial Position Analysis

Short Term Liabilities: RFK's short term assets (PLN1.0B) exceeds its short term liabilities (PLN821.9M)

Long Term Liabilities: RFK's short term assets (PLN1.0B) exceeds its long term liabilities (78.5M)


Debt to Equity History and Analysis

Debt Level: RFK's debt to equity ratio (27.2%) is considered satisfactory.

Reducing Debt: RFK's debt to equity ratio has reduced from 40.3% to 27.2% over the past 5 years.


Balance Sheet

Inventory Level: RFK has a low level of unsold assets or inventory.

Debt Coverage by Assets: RFK's debt is covered by short term assets (assets are 9.1x debt).


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: Insufficient data to determine if RFK has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RFK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.7%markettop25%7.3%industryaverage6.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate RFK'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 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

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

0.8yrs

Average management tenure


CEO

Helena Fic 0

0.8yrs

Tenure

zł41,000

Compensation

Ms. Helena Fic serves as Chairman of the Supervisory Board at PBG Spolka Akcyjna. Ms. Fic has been President of the Supervisory Board at Rafako S.A. since October 30, 2018. She serves as President of the B ...


Management Age and Tenure

0.8yrs

Average Tenure

Experienced Management: RFK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


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 been diluted in the past year, with total shares outstanding growing by 19.5%.


Management Team

  • Dariusz Karwacki (57yo)

    Deputy Chief Executive Officer

    • Tenure: 8yrs
    • Compensation: zł511.00k
  • Stanislaw Fudali

    Chief Welding Engineer

    • Tenure: 0yrs
  • Jaroslaw Dusilo

    Managing Director of Restructuring

    • Tenure: 0.2yrs
    • Compensation: zł626.00k
  • Jan Glenc

    Chief Process Engineer

    • Tenure: 0yrs
  • Piotr Karas

    Director of Marketing

    • Tenure: 0yrs
  • Anna Zembaty-Leska

    Human Resources Director

    • Tenure: 0yrs
  • Jolanta Markowicz

    Chief Accountant

    • Tenure: 0yrs
  • Agnieszka Wasilewska-Semail

    Vice President of the Management Board & Deputy CEO

    • Tenure: 1.1yrs
    • Compensation: zł848.00k
  • Helena Fic

    President of the Management Board & Supervisory Board

    • Tenure: 0.8yrs
    • Compensation: zł41.00k
  • Jerzy Ciechanowski

    Vice President of the Management Board

    • Tenure: 0.8yrs

Board Members

  • Krzysztof Gerula (76yo)

    Independent Member of Supervisory Board

    • Tenure: 4yrs
    • Compensation: zł108.00k
  • Malgorzata Wisniewska

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł369.00k
  • Przemyslaw Schmidt (57yo)

    Independent Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł153.00k
  • Adam Szyszka

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł122.00k
  • Dariusz Szymanski

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł117.00k
  • Helena Fic

    President of the Management Board & Supervisory Board

    • Tenure: 0.8yrs
    • Compensation: zł41.00k

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: zł148.841m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RFKWSE (Warsaw Stock Exchange)YesCommon StockPLPLNJul 1994
0O58LSE (London Stock Exchange)YesCommon StockGBPLNJul 1994

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 Analysis2019/11/19 20:44
End of Day Share Price2019/11/19 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.