WSE:GRC

Stock Analysis Report

Executive Summary

Grupa RECYKL S.A. engages in the collection and management of packaging and post-consumer waste in Poland.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

7.8%

GRC

0.06%

PL Commercial Services

0.01%

PL Market


1 Year Return

-1.5%

GRC

9.9%

PL Commercial Services

-3.3%

PL Market

Return vs Industry: GRC underperformed the Polish Commercial Services industry which returned 9.9% over the past year.

Return vs Market: GRC exceeded the Polish Market which returned -3.3% over the past year.


Shareholder returns

GRCIndustryMarket
7 Day7.8%0.06%0.01%
30 Day7.2%1.3%-1.1%
90 Day-4.9%2.7%-7.6%
1 Year-1.5%-1.5%10.5%9.9%-0.4%-3.3%
3 Year112.5%112.5%-5.4%-9.8%11.4%3.4%
5 Year94.2%94.2%11.1%7.2%-1.0%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GRC (PLN19.4) is trading below our estimate of fair value (PLN428.97)

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


Price To Earnings Ratio

PE vs Industry: GRC is good value based on its PE Ratio (10.1x) compared to the Commercial Services industry average (10.5x).

PE vs Market: GRC is poor value based on its PE Ratio (10.1x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GRC is overvalued based on its PB Ratio (1.1x) compared to the PL Commercial Services industry average (0.9x).


Next Steps

Future Growth

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

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRC's forecast earnings growth (8.6% per year) is above the savings rate (2.9%).

Earnings vs Market: GRC's earnings (8.6% per year) are forecast to grow slower than the Polish market (10.5% per year).

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

Revenue vs Market: Insufficient data to determine if GRC's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if GRC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Grupa RECYKL performed over the past 5 years?

21.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GRC's earnings have grown significantly by 21.2% per year over the past 5 years.

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

Earnings vs Industry: GRC had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Commercial Services industry average (3.4%).


Return on Equity

High ROE: GRC's Return on Equity (11.3%) is considered low.


Return on Assets

ROA vs Industry: GRC's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: GRC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Grupa RECYKL's financial position?


Financial Position Analysis

Short Term Liabilities: GRC's short term assets (PLN22.1M) do not cover its short term liabilities (PLN50.0M)

Long Term Liabilities: GRC's short term assets (22.1M) do not cover its long term liabilities (44.6M)


Debt to Equity History and Analysis

Debt Level: GRC's debt to equity ratio (67.5%) is considered high

Reducing Debt: GRC's debt to equity ratio has reduced from 97.3% to 67.5% over the past 5 years.

Debt Coverage: GRC's debt is well covered by operating cash flow (111.8%).

Interest Coverage: GRC's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: GRC's debt is covered by short term assets (assets are 1.394390x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.7%markettop25%7.4%industryaverage7.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Stable Dividend: Insufficient data to determine if GRC's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

6.8yrs

Average board tenure


CEO

Roman Stachowiak 0

0yrs

Tenure

0

Mr. Roman Stachowiak has been the President of the Management Board of Grupa RECYKL S.A. since December 2012. 


Board Age and Tenure

6.8yrs

Average Tenure

Experienced Board: GRC's board of directors are considered experienced (6.8 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


Management Team

  • Roman Stachowiak

    President of the Management Board

    • Tenure: 0yrs
  • Maciej Jasiewicz

    Vice-President of the Management Board

    • Tenure: 6.8yrs
  • Zbigniew Fleszara

    Chief Financial Officer and Member of Management Board

    • Tenure: 0yrs

Board Members

  • Pawel Pyzik

    Chairman of Supervisory Board

    • Tenure: 6.8yrs
  • Piotr Gamon

    Vice Chairman of Supervisory Board

    • Tenure: 6.6yrs
  • Robert Lazinski

    Member of Supervisory Board

    • Tenure: 6.8yrs
  • Leslaw Puczniewski

    Member of Supervisory Board

    • Tenure: 0yrs
  • Konrad Kubiak

    Member of Supervisory Board

    • Tenure: 6.8yrs
  • Marcin Bonawenturczak

    Member of Supervisory Board

    • Tenure: 6.6yrs

Company Information

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


Key Information

  • Name: Grupa RECYKL S.A.
  • Ticker: GRC
  • Exchange: WSE
  • Founded:
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: zł26.707m
  • Shares outstanding: 1.38m
  • Website: https://www.recykl.pl

Location

  • Grupa RECYKL S.A.
  • ul. Letnia 3
  • Srem
  • 63-100
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRCWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNJan 2011

Biography

Grupa RECYKL S.A. engages in the collection and management of packaging and post-consumer waste in Poland. It collects and recycles tires; and produces rubber granulates, as well as delivers alternative fu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:11
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.