WSE:ASM

Stock Analysis Report

Executive Summary

ASM Group S.A., through its subsidiaries, provides sales and outsourcing support services in Poland, Italy, Germany, Austria, and Switzerland.

Risk Analysis

Earnings have declined by -21.57% per year over past 5 years

Interest payments are not well covered by earnings

Profit margins (0.1%) are lower than last year (0.8%)

Does not have a meaningful market cap (PLN195M)



Snowflake Analysis

Imperfect balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ASM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

ASM

7.0%

PL Professional Services

-0.5%

PL Market


1 Year Return

3.6%

ASM

10.9%

PL Professional Services

-8.4%

PL Market

Return vs Industry: ASM underperformed the Polish Professional Services industry which returned 10.9% over the past year.

Return vs Market: ASM exceeded the Polish Market which returned -8.4% over the past year.


Shareholder returns

ASMIndustryMarket
7 Day0%7.0%-0.5%
30 Day0%10.5%-1.9%
90 Dayn/a31.4%1.0%
1 Year3.6%3.6%11.0%10.9%-5.6%-8.4%
3 Year-34.8%-35.5%-8.8%-9.2%-6.9%-13.5%
5 Year71.1%69.3%25.4%18.3%2.3%-10.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

250.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASM (PLN3.42) is trading above our estimate of fair value (PLN2.7)

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


Price To Earnings Ratio

PE vs Industry: ASM is poor value based on its PE Ratio (250.7x) compared to the Professional Services industry average (19.5x).

PE vs Market: ASM is poor value based on its PE Ratio (250.7x) compared to the Polish market (11.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ASM is overvalued based on its PB Ratio (2.1x) compared to the PL Professional Services industry average (1.5x).


Next Steps

Future Growth

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

9.7%

Forecasted Commercial Services 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 ASM Group 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 ASM Group performed over the past 5 years?

-21.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASM has high quality earnings.

Growing Profit Margin: ASM's current net profit margins (0.1%) are lower than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: ASM's earnings have declined by -21.6% per year over the past 5 years.

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

Earnings vs Industry: ASM had negative earnings growth (-70.6%) over the past year, making it difficult to compare to the Professional Services industry average (-6.9%).


Return on Equity

High ROE: ASM's Return on Equity (-0.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ASM Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASM's short term assets (PLN127.3M) do not cover its short term liabilities (PLN154.9M).

Long Term Liabilities: ASM's short term assets (PLN127.3M) exceed its long term liabilities (PLN51.1M).


Debt to Equity History and Analysis

Debt Level: ASM's debt to equity ratio (105.4%) is considered high.

Reducing Debt: ASM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: ASM's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: ASM's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

Inventory Level: ASM has a low level of unsold assets or inventory.

Debt Coverage by Assets: ASM's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.4%markettop25%6.6%industryaverage7.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.8yrs

Average board tenure


CEO

Dorota Kenny 0

0

Ms. Dorota Kenny serves as Member of Management Board at ASM Group S.A. since 2019 and serves as its Chairman of Management Board. Ms. Kenny started cooperation with ASM GROUP SA in 2014 as a Financial Con ...


Board Members

NamePositionTenureCompensationOwnership
Rossen Hadjiev
Member of Supervisory Board4.4yrsno data0.26% PLN504.9k
Maciej Cudny
Chairman of Supervisory Board9.5yrsno data1.41% PLN2.8m
Marcin Skrzypiec
Member of the Supervisory Board1.1yrsno data27.01% PLN52.7m
Filip Nazar
Member of Supervisory Board9.3yrsno datano data
Jaroslaw Grzywinski
Member of Supervisory Board0yrsno datano data
Szymon Pikula
Member of the Supervisory Board1.1yrsno datano data
Bartosz Wasilewski
Member of the Supervisory Board1.1yrsno datano data

2.8yrs

Average Tenure

Experienced Board: ASM's board of directors are not considered experienced ( 2.8 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

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


Key Information

  • Name: ASM Group S.A.
  • Ticker: ASM
  • Exchange: WSE
  • Founded:
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: zł195.007m
  • Shares outstanding: 57.02m
  • Website: https://www.asmgroup.pl

Location

  • ASM Group S.A.
  • Emilii Plater 53
  • 29th floor
  • Warsaw
  • 00-113
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASMWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNMar 2013
0RK3LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNMar 2013

Biography

ASM Group S.A., through its subsidiaries, provides sales and outsourcing support services in Poland, Italy, Germany, Austria, and Switzerland. The company offers mobile, stationary, weekend, and visual merchandising services; and outsourcing of sales forces, such as building and managing the teams of representatives supporting the sale, as well as administration of the customer-managed teams. It also provides field marketing and marketing research services, including the analysis of market situation based on shelf monitoring. The company is based in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:25
End of Day Share Price2019/12/16 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.