WSE:RWL

Stock Analysis Report

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Executive Summary

Rawlplug S.A. c, produces, installs, and sells fixings, fasteners, and tools worldwide.


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.3%

RWL

1.6%

PL Machinery

2.5%

PL Market


1 Year Return

-14.8%

RWL

-30.4%

PL Machinery

-17.3%

PL Market

Return vs Industry: RWL exceeded the Polish Machinery industry which returned -30.4% over the past year.

Return vs Market: RWL exceeded the Polish Market which returned -17.3% over the past year.


Shareholder returns

RWLIndustryMarket
7 Day3.3%1.6%2.5%
30 Day1.3%0.6%2.0%
90 Day30.7%18.0%23.3%
1 Year-11.7%-14.8%-26.1%-30.4%-15.5%-17.3%
3 Year-31.7%-38.3%-39.8%-46.9%-17.6%-22.9%
5 Year12.9%-5.1%-4.8%-16.3%-10.0%-20.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

22.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RWL (PLN7.58) is trading below our estimate of fair value (PLN9.81)

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


Price To Earnings Ratio

PE vs Industry: RWL is good value based on its PE Ratio (8.7x) compared to the Machinery industry average (9x).

PE vs Market: RWL is good value based on its PE Ratio (8.7x) compared to the Polish market (12.3x).


Price to Earnings Growth Ratio

PEG Ratio: RWL is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: RWL is good value based on its PB Ratio (0.5x) compared to the PL Machinery industry average (0.8x).


Next Steps

Future Growth

How is Rawlplug forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RWL's forecast earnings growth (6.7% per year) is above the savings rate (2.9%).

Earnings vs Market: RWL's earnings (6.7% per year) are forecast to grow slower than the Polish market (14.9% per year).

High Growth Earnings: RWL's earnings are forecast to grow, but not significantly.

Revenue vs Market: RWL's revenue (4% per year) is forecast to grow faster than the Polish market (3.8% per year).

High Growth Revenue: RWL's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RWL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Rawlplug performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RWL has high quality earnings.

Growing Profit Margin: RWL's current net profit margins (3.5%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: RWL's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: RWL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RWL had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Machinery industry average (-10.1%).


Return on Equity

High ROE: RWL's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Rawlplug's financial position?


Financial Position Analysis

Short Term Liabilities: RWL's short term assets (PLN520.9M) exceed its short term liabilities (PLN319.8M).

Long Term Liabilities: RWL's short term assets (PLN520.9M) exceed its long term liabilities (PLN205.9M).


Debt to Equity History and Analysis

Debt Level: RWL's debt to equity ratio (61.9%) is considered high.

Reducing Debt: RWL's debt to equity ratio has increased from 59% to 61.9% over the past 5 years.

Debt Coverage: RWL's debt is well covered by operating cash flow (27.7%).

Interest Coverage: RWL's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

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

4.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RWL's dividend (4.35%) is higher than the bottom 25% of dividend payers in the Polish market (1.81%).

High Dividend: RWL's dividend (4.35%) is low compared to the top 25% of dividend payers in the Polish market (6.17%).


Stability and Growth of Payments

Stable Dividend: RWL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: RWL has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.9%), RWL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

19.5yrs

Average management tenure


CEO

Radoslaw Koelner

21.5yrs

Tenure

zł313,000

Compensation

Mr. Radoslaw Koelner has been President and Member of Management Board at Rawlplug Spolka Akcyjna (Koelner SA) since 1999. Mr. Koelner has been a Member of Supervisory Board at Rotopino.pl Spólka Akcyjna s ...


Leadership Team

NamePositionTenureCompensationOwnership
Radoslaw Koelner
President of Management Board21.5yrszł313.00k9.02% PLN22.3m
Marek Mokot
Vice-President of the Management Board1.33yrszł508.00kno data
Piotr Kopydlowski
CFO & Member of the Management Board19.5yrszł217.00k0.090% PLN222.4k
Anna Piotrowska-Kus
Chief Accountantno datano datano data

19.5yrs

Average Tenure

Experienced Management: RWL's management team is seasoned and experienced (19.5 years average tenure).


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

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


Key Information

  • Name: Rawlplug S.A.
  • Ticker: RWL
  • Exchange: WSE
  • Founded: 1982
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: zł246.805m
  • Shares outstanding: 32.56m
  • Website: https://www.rawlplug.com

Location

  • Rawlplug S.A.
  • ul. Kwidzynska 6
  • Wroclaw
  • 51-416
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RWLWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNNov 2004
0O9ILSE (London Stock Exchange)YesBearer SharesGBPLNNov 2004

Biography

Rawlplug S.A. c, produces, installs, and sells fixings, fasteners, and tools worldwide. It offers bonded anchors, including injection cartridges systems, cartridge free systems, capsules, dispensers, and bonded anchor accessories; mechanical anchors, such as heavy duty expansion, shield, through bolts, internally threaded, and screw anchors, as well as mechanical anchor accessories; lightweight fixings that include frame, lightweight, hammer, plasterboard, and special fixings, as well as plastic expansion plugs; façade insulation fixings, such as screw-in and hammer-in fixings, washers, and façade insulation accessories; and roofing insulation fixings comprising telescopic sleeves, roofing screws, and roofing washers. The company also provides passive fire protection system; foams, sealants, and adhesives; fasteners; direct and manual fastening systems; power tool accessories; and point of sale systems, as well as labelling and packaging services. In addition, it offers technical advisory, design, and support services. Rawlplug S.A. markets its products under the Rawlplug brand name. The company was formerly known as Koelner S.A. and changed its name to Rawlplug S.A. in 2013. Rawlplug S.A. was founded in 1982 and is headquartered in Wroclaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:59
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
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.