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Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK

Executive Summary

Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RMK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.1%

RMK

2.0%

PL Construction

0.4%

PL Market


1 Year Return

4.2%

RMK

40.8%

PL Construction

-16.4%

PL Market

Return vs Industry: RMK underperformed the Polish Construction industry which returned 38% over the past year.

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


Shareholder returns

RMKIndustryMarket
7 Day3.1%2.0%0.4%
30 Day-8.7%1.7%-0.3%
90 Day16.3%34.7%16.2%
1 Year4.2%4.2%43.3%40.8%-14.9%-16.4%
3 Year-44.4%-44.4%-16.5%-24.7%-19.2%-24.1%
5 Year-47.4%-47.4%11.8%-5.1%-11.3%-21.2%

Price Volatility Vs. Market

How volatile is Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK 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: RMK (PLN10) is trading below our estimate of fair value (PLN984.26)

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


Price To Earnings Ratio

PE vs Industry: RMK is good value based on its PE Ratio (2.8x) compared to the Construction industry average (7.5x).

PE vs Market: RMK is good value based on its PE Ratio (2.8x) compared to the Polish market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: RMK 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 Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.8%

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 Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK 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 Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RMK has high quality earnings.

Growing Profit Margin: RMK's current net profit margins (2.8%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: RMK's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: RMK's earnings growth over the past year (1.1%) is below its 5-year average (22.6% per year).

Earnings vs Industry: RMK earnings growth over the past year (1.1%) underperformed the Construction industry 2.8%.


Return on Equity

High ROE: RMK's Return on Equity (27.9%) is considered high.


Next Steps

Financial Health

How is Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK's financial position?


Financial Position Analysis

Short Term Liabilities: RMK's short term assets (PLN160.5M) exceed its short term liabilities (PLN140.8M).

Long Term Liabilities: RMK's short term assets (PLN160.5M) exceed its long term liabilities (PLN23.9M).


Debt to Equity History and Analysis

Debt Level: RMK is debt free.

Reducing Debt: RMK has no debt compared to 5 years ago when its debt to equity ratio was 927.4%.

Debt Coverage: RMK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RMK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.0yrs

Average management tenure


CEO

Stanislaw Kalarus

no data

Tenure

Stanislaw Kalarus serves as Chairman Of The Management Board & General Director at Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A since July 2019. 


Leadership Team

NamePositionTenureCompensationOwnership
Stanislaw Kalarus
President of the Board & General Directorno datano datano data
Aleksander Uminski
Vice-President of the Board & Financial Directorno datano datano data
Jacek Sadowski
VP of the Board & Commercial Director1yrno datano data
Marcina Garleja
VP of Board & Director of Contracts Implementation0.42yrno datano data
Jaroslaw Kwasny
Head of the Technology and Construction Office1yrno datano data
Aleksandra Koziel
Head of the Office of the Board and Administration1yrno datano data
Pawel Karpisz
Sales Directorno datano datano data
Andrzej Bajor
Head of the Office for the Warsaw Stock Exchange and Head of Debt Collection & Settlements1yrno datano data
Jacek Bilski
Head of the Purchasing Department1yrno datano data
Leszek Borowik
Head of the Research Laboratory1yrno datano data

1.0yrs

Average Tenure

Experienced Management: RMK's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sebastian Durek
Chairman Of the Supervisory Board1.58yrsno datano data
Bogdan Serwatka
Deputy-Chairman Of the Supervisory Board1.58yrsno datano data
Maciej Balazinski
Member of the Supervisory Board1.58yrsno datano data
Jan Krzeminski
Member of Supervisory Board1.58yrsno datano data
Agnieszka Raczewska-Bielen
Member of the Supervisory Boardno datano datano data

1.6yrs

Average Tenure

Experienced Board: RMK's board of directors are not considered experienced ( 1.6 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

Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A.
  • Ticker: RMK
  • Exchange: WSE
  • Founded: 1970
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł30.000m
  • Shares outstanding: 3.00m
  • Website: https://www.remak.com.pl

Location

  • Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A.
  • Ul. Chlodna 51
  • Warszawa
  • 00-867
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMKWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNNov 1994
0LY6LSE (London Stock Exchange)YesCommon SharesGBPLNNov 1994

Biography

Przedsiebiorstwo Modernizacji Urzadzen Energetycznych REMAK S.A. engages in modernizing and repairing steam and water boilers in Poland and internationally. The company is also involved in the installation of power equipment, flue gas desulphurization equipment, electrostatic precipitator, and pipelines; and modernization and assembly of power plants, such as pressure vessels and steam pipelines, as well as repair of pressure equipment. In addition, it engages in the destructive and non-destructive test, welding and quality control, drum repair and exchange, installation and repair of industrial installation, and heat treatment of welded joint activities. The company was founded in 1970 and is based in Warszawa, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 20:56
End of Day Share Price2020/07/09 00:00
Earnings2019/12/31
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.