WSE:ZUE

Stock Analysis Report

Executive Summary

ZUE S.A., together with its subsidiaries, operates in the public transport infrastructure construction industry in Poland.

Risk Analysis

Earnings have declined by -67.48% per year over past 5 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 1 more risk


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.8%

ZUE

0.3%

PL Construction

-2.6%

PL Market


1 Year Return

-11.5%

ZUE

8.2%

PL Construction

-7.7%

PL Market

Return vs Industry: ZUE underperformed the Polish Construction industry which returned 8.2% over the past year.

Return vs Market: ZUE underperformed the Polish Market which returned -7.7% over the past year.


Shareholder returns

ZUEIndustryMarket
7 Day-4.8%0.3%-2.6%
30 Day-7.8%11.3%-5.5%
90 Day-25.2%8.9%-2.9%
1 Year-11.5%-11.5%12.0%8.2%-4.8%-7.7%
3 Year-54.0%-54.0%-20.1%-29.9%5.5%-2.2%
5 Year-36.0%-38.5%2.5%-13.4%0.2%-12.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: ZUE is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: ZUE 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 ZUE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ZUE is good value based on its PB Ratio (0.6x) compared to the PL Construction industry average (0.7x).


Next Steps

Future Growth

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

15.1%

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 ZUE 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 ZUE performed over the past 5 years?

-67.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZUE is currently unprofitable.

Growing Profit Margin: ZUE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ZUE is unprofitable, and losses have increased over the past 5 years at a rate of -67.5% per year.

Accelerating Growth: Unable to compare ZUE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ZUE is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (5.7%).


Return on Equity

High ROE: ZUE has a negative Return on Equity (-40.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ZUE's financial position?


Financial Position Analysis

Short Term Liabilities: ZUE's short term assets (PLN403.4M) exceed its short term liabilities (PLN396.7M).

Long Term Liabilities: ZUE's short term assets (PLN403.4M) exceed its long term liabilities (PLN40.0M).


Debt to Equity History and Analysis

Debt Level: ZUE's debt to equity ratio (19.8%) is considered satisfactory.

Reducing Debt: ZUE's debt to equity ratio has increased from 4.4% to 19.8% over the past 5 years.


Balance Sheet

Inventory Level: ZUE has a high level of physical assets or inventory.

Debt Coverage by Assets: ZUE's debt is covered by short term assets (assets are 13.5x 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: ZUE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ZUE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -13.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.6%markettop25%7.3%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZUE'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 ZUE's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average management tenure


CEO

Wieslaw Nowak 0

0yrs

Tenure

0

Mr. Wieslaw Nowak serves as President of the Management Board and Chief Executive Officer at ZUE Spólka Akcyjna and served as its Managing Director. Mr. Nowak is the founder of ZUE S.A. His professional ca ...


Management Age and Tenure

5.7yrs

Average Tenure

Experienced Management: ZUE's management team is seasoned and experienced (5.7 years average tenure).


Board Age and Tenure

7.4yrs

Average Tenure

Experienced Board: ZUE's board of directors are considered experienced (7.4 years average tenure).


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 not been meaningfully diluted in the past year.


Management Team

  • Wieslaw Nowak

    President of the Management Board & CEO

    • Tenure: 0yrs
  • Marcin Wisniewski

    Vice President of the Management Board & Director of the City Infrastructure Unit

    • Tenure: 12.8yrs
  • Maciej Nowak

    Vice-President of Management Board and Legal & Corporate Director

    • Tenure: 2.8yrs
  • Jerzy Czeremuga

    Vice President of the Management Board & Director of the Power Infrastructure Unit

    • Tenure: 8.6yrs
  • Anna Mroczek

    Vice-President of Management Board & Financial Director

    • Tenure: 2.8yrs
  • Ewa Bosak

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Mariusz Szubra

    Chairman of Supervisory Board

    • Tenure: 7.4yrs
  • Michal Lis

    Member of Supervisory Board

    • Tenure: 7.4yrs
  • Boguslaw Lipinski

    Member of the Supervisory Board

    • Tenure: 9.5yrs
  • Piotr Korzeniowski

    Member of the Supervisory Board

    • Tenure: 9.5yrs
  • Barbara Nowak

    Vice-Chairperson of Supervisory Board

    • Tenure: 2.5yrs

Company Information

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


Key Information

  • Name: ZUE S.A.
  • Ticker: ZUE
  • Exchange: WSE
  • Founded: 2002
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: zł91.972m
  • Shares outstanding: 22.77m
  • Website: https://www.grupazue.pl

Number of Employees


Location

  • ZUE S.A.
  • Kazimierza Czapinskiego 3 Street
  • Cracow
  • 30-048
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZUEWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 2010
0P2XLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNNov 2010

Biography

ZUE S.A., together with its subsidiaries, operates in the public transport infrastructure construction industry in Poland. It operates through three segments: Construction, Design, and Sales. The company i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 21:27
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
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.