WSE:UNI

Stock Analysis Report

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Executive Summary

UNIBEP S.A. operates as a construction company in Poland and internationally. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: UNI is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: UNI's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-7.0%

UNI

5.5%

PL Construction

-2.9%

PL Market


1 Year Return

18.3%

UNI

94.7%

PL Construction

18.9%

PL Market

Return vs Industry: UNI underperformed the Polish Construction industry which returned 88.4% over the past year.

Return vs Market: UNI exceeded the Polish Market which returned 15.8% over the past year.


Shareholder returns

UNIIndustryMarket
7 Day-7.0%5.5%-2.9%
30 Day18.3%9.3%1.2%
90 Day30.5%36.6%6.2%
1 Year21.0%18.3%98.7%94.7%20.0%18.9%
3 Year42.6%29.9%61.3%44.9%-4.1%-9.9%
5 Year15.2%1.5%57.6%33.8%18.8%5.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UNI (PLN10.65) is trading above our estimate of fair value (PLN5.65)

Significantly Below Fair Value: UNI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UNI is good value based on its PE Ratio (8.7x) compared to the PL Construction industry average (8.8x).

PE vs Market: UNI is good value based on its PE Ratio (8.7x) compared to the Polish market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: UNI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UNI is overvalued based on its PB Ratio (1.2x) compared to the PL Construction industry average (1x).


Next Steps

Future Growth

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

-35.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNI's earnings are forecast to decline over the next 3 years (-35.3% per year).

Earnings vs Market: UNI's earnings are forecast to decline over the next 3 years (-35.3% per year).

High Growth Earnings: UNI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UNI's revenue is expected to decline over the next 3 years (-4.9% per year).

High Growth Revenue: UNI's revenue is forecast to decline over the next 3 years (-4.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNI's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has UNIBEP performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNI has a large one-off loss of PLN14.4M impacting its September 30 2020 financial results.

Growing Profit Margin: UNI's current net profit margins (2.4%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: UNI's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: UNI's earnings growth over the past year (98.5%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: UNI earnings growth over the past year (98.5%) exceeded the Construction industry 34.3%.


Return on Equity

High ROE: UNI's Return on Equity (14%) is considered low.


Next Steps

Financial Health

How is UNIBEP's financial position?


Financial Position Analysis

Short Term Liabilities: UNI's short term assets (PLN883.1M) exceed its short term liabilities (PLN705.3M).

Long Term Liabilities: UNI's short term assets (PLN883.1M) exceed its long term liabilities (PLN161.9M).


Debt to Equity History and Analysis

Debt Level: UNI's debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: UNI's debt to equity ratio has reduced from 35.5% to 29.5% over the past 5 years.

Debt Coverage: UNI's debt is well covered by operating cash flow (206.8%).

Interest Coverage: UNI's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Next Steps

Dividend

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

2.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UNI's dividend (2.07%) is higher than the bottom 25% of dividend payers in the Polish market (1.54%).

High Dividend: UNI's dividend (2.07%) is low compared to the top 25% of dividend payers in the Polish market (4.94%).


Stability and Growth of Payments

Stable Dividend: UNI's dividends per share have been stable in the past 10 years.

Growing Dividend: UNI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), UNI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UNI's dividends in 3 years are forecast to be well covered by earnings (48.8% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Leszek Golabiecki (51 yo)

6.67yrs

Tenure

zł1,295,289

Compensation

Mr. Leszek Marek Golabiecki has been President of the Management Board and Chief Executive Officer at UNIBEP SA since June 2014. Mr. Golabiecki served as the Chief Operating Officer of UNIBEP SA. Mr. Golab...


CEO Compensation Analysis

Compensation vs Market: Leszek's total compensation ($USD346.45K) is above average for companies of similar size in the Polish market ($USD150.19K).

Compensation vs Earnings: Leszek's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Leszek Golabiecki
President of the Management Board & CEO6.67yrszł1.30m2.19%
PLN 7.6m
Slawomir Kiszycki
VP of the Management Board & CFO6.67yrszł1.22mno data
Krzysztof Mikolajczyk
VP of Management Board & Construction Director2.25yrszł889.53kno data
Adam Polinski
Member of the Management Board & Infrastructure Director0.083yrno datano data

4.5yrs

Average Tenure

49yo

Average Age

Experienced Management: UNI's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jan Mikoluszko
President of the Supervisory Board6.58yrszł456.98k0.068%
PLN 236.7k
Wojciech Stajkowski
Member of Supervisory Board8.75yrszł120.00k7.92%
PLN 27.4m
Beata Skowronska
Vice President of the Supervisory Board6.58yrszł145.44kno data
Jaroslaw Beldowski
Independent Member of Supervisory Board6.67yrszł62.06kno data
Michal Kolosowski
Independent Member of Supervisory Board6.67yrszł85.32kno data
Pawel Markowski
Independent Member of Supervisory Board6.67yrszł60.00kno data
Dariusz Kacprzyk
Independent Member of Supervisory Board3.58yrszł60.78kno data

6.7yrs

Average Tenure

Experienced Board: UNI's board of directors are considered experienced (6.7 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

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


Key Information

  • Name: UNIBEP S.A.
  • Ticker: UNI
  • Exchange: WSE
  • Founded: NaN
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł345.698m
  • Shares outstanding: 31.57m
  • Website: https://www.unibep.pl

Number of Employees


Location

  • UNIBEP S.A.
  • ul. 3 Maja 19
  • Bielsk Podlaski
  • 17-100
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNIWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNMay 2008

Biography

UNIBEP S.A. operates as a construction company in Poland and internationally. The company constructs residential buildings, public utility buildings, industrial architecture, roads and bridges, sports faci...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 18:04
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
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.