WSE:TRR

Stock Analysis Report

Executive Summary

Termo-Rex S.A. provides post welding heat treatment services in Poland and internationally.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.

Risks

  • Termo-Rex is not covered by any analysts.

Share Price & News

How has Termo-Rex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

WSE:TRR

-1.8%

PL Building

-0.5%

PL Market


1 Year Return

13.8%

WSE:TRR

-11.5%

PL Building

-7.2%

PL Market

TRR outperformed the Building industry which returned -11.5% over the past year.

TRR outperformed the Market in Poland which returned -7.2% over the past year.


Share holder returns

TRRIndustryMarket
7 Day-1.0%-1.8%-0.5%
30 Day10.0%-1.3%-8.6%
90 Day11.2%4.3%-4.3%
1 Year13.8%13.8%-8.0%-11.5%-4.2%-7.2%
3 Year-60.6%-60.6%-15.8%-22.2%9.1%1.1%
5 Year-84.0%-84.0%-35.6%-42.4%-0.9%-13.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Termo-Rex undervalued based on future cash flows and its price relative to the stock market?

6.06x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Termo-Rex's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Termo-Rex's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Termo-Rex is loss making, we can't compare its value to the PL Building industry average.

Termo-Rex is loss making, we can't compare the value of its earnings to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Termo-Rex, we can't assess if its growth is good value.


Price Based on Value of Assets

Termo-Rex is overvalued based on assets compared to the PL Building industry average.


Next Steps

Future Growth

How is Termo-Rex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Termo-Rex is high growth as no revenue estimate data is available.

Termo-Rex's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Termo-Rex's revenue growth to the Poland market average as no estimate data is available.

Termo-Rex's earnings growth is expected to exceed the Poland market average.

Termo-Rex's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Termo-Rex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Termo-Rex performed over the past 5 years?

34.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Termo-Rex does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Termo-Rex's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Termo-Rex's 1-year growth to the PL Building industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Termo-Rex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Termo-Rex used its assets less efficiently than the PL Building industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Termo-Rex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Termo-Rex's financial position?


Financial Position Analysis

Termo-Rex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Termo-Rex's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Termo-Rex's level of debt (11.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (30.9% vs 11.8% today).

Debt is well covered by operating cash flow (171.3%, greater than 20% of total debt).

Termo-Rex is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 5.8x debt.


Next Steps

Dividend

What is Termo-Rex's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Termo-Rex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Termo-Rex's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Termo-Rex has not reported any payouts.

Unable to verify if Termo-Rex's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Termo-Rex has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

0.2yrs

Average board tenure


CEO

Jacek Jussak 0

8.6yrs

Tenure

0

Mr. Jacek Jussak has been the President of the Management Board at Termo-Rex Spólka Akcyjna since 2011. 


CEO Compensation Analysis

Jacek's remuneration is higher than average for companies of similar size in Poland.

Jacek's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

0.2yrs

Average Tenure

The average tenure for the Termo-Rex board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Barbara Krakowska

    Vice-President of the Management Board

    • Tenure: 8.6yrs
  • Jacek Jussak

    President of the Management Board

    • Tenure: 8.6yrs
  • Jaroslaw Zemla

    Vice President of Management Board

    • Tenure: 0.0yrs

Board Members

  • Tomasz Kaminski

    President of the Supervisory Board

    • Tenure: 0.2yrs
  • Tomasz Obarski

    Vice President of the Supervisory Board

    • Tenure: 0.2yrs
  • Mariola Mendakiewicz

    Member of Supervisory Board

    • Tenure: 0.0yrs
  • Marek Tatar

    Member of Supervisory Board

    • Tenure: 0.2yrs
  • Anna Antonik

    Member of Supervisory Board

    • Tenure: 0.2yrs

Company Information

Termo-Rex S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Termo-Rex S.A.
  • Ticker: TRR
  • Exchange: WSE
  • Founded: 1997
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: zł112.365m
  • Shares outstanding: 113.50m
  • Website: https://www.termo-rex.pl

Location

  • Termo-Rex S.A.
  • ul. Wojska Polskiego 2i
  • Jaworzno
  • 43-603
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRRWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNSep 2012

Biography

Termo-Rex S.A. provides post welding heat treatment services in Poland and internationally. The company engages in the heat treatment of steel elements, and welding heat treatment services in a range of ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:37
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
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.