WSE:AMC

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

zł1.2b

Last Updated

2021/07/23 21:17 UTC

Data Sources

Company Financials +

Executive Summary

Amica S.A. manufactures and distributes household appliances in Poland and internationally. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AMC is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AMC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

AMC

0.9%

PL Consumer Durables

-0.3%

PL Market


1 Year Return

16.3%

AMC

41.6%

PL Consumer Durables

25.7%

PL Market

Return vs Industry: AMC underperformed the Polish Consumer Durables industry which returned 39.1% over the past year.

Return vs Market: AMC underperformed the Polish Market which returned 24.9% over the past year.


Shareholder returns

AMCIndustryMarket
7 Day1.3%0.9%-0.3%
30 Day-6.0%-4.2%0.5%
90 Day6.8%3.6%10.0%
1 Year22.9%16.3%56.0%41.6%28.2%25.7%
3 Year42.7%30.8%67.1%42.0%13.0%6.9%
5 Year-3.9%-16.9%92.3%53.6%35.0%22.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Amica 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: AMC (PLN157) is trading below our estimate of fair value (PLN921.33)

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


Price To Earnings Ratio

PE vs Industry: AMC is good value based on its PE Ratio (7.1x) compared to the Polish Consumer Durables industry average (9.7x).

PE vs Market: AMC is good value based on its PE Ratio (7.1x) compared to the Polish market (14.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AMC is good value based on its PB Ratio (1.1x) compared to the PL Consumer Durables industry average (1.6x).


Future Growth

How is Amica forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

3.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AMC's forecast earnings growth is above the savings rate (2.6%).

Earnings vs Market: Insufficient data to determine if AMC's earnings are forecast to grow faster than the Polish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMC's revenue (3% per year) is forecast to grow slower than the Polish market (7.9% per year).

High Growth Revenue: AMC's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Amica performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMC has high quality earnings.

Growing Profit Margin: AMC's current net profit margins (5.3%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: AMC's earnings have grown by 3.3% per year over the past 5 years.

Accelerating Growth: AMC's earnings growth over the past year (50%) exceeds its 5-year average (3.3% per year).

Earnings vs Industry: AMC earnings growth over the past year (50%) underperformed the Consumer Durables industry 65%.


Return on Equity

High ROE: AMC's Return on Equity (15%) is considered low.


Financial Health

How is Amica's financial position?


Financial Position Analysis

Short Term Liabilities: AMC's short term assets (PLN1.5B) exceed its short term liabilities (PLN971.9M).

Long Term Liabilities: AMC's short term assets (PLN1.5B) exceed its long term liabilities (PLN159.5M).


Debt to Equity History and Analysis

Debt Level: AMC's debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: AMC's debt to equity ratio has reduced from 39.7% to 14.7% over the past 5 years.

Debt Coverage: AMC's debt is well covered by operating cash flow (179.1%).

Interest Coverage: AMC's interest payments on its debt are well covered by EBIT (49.2x coverage).


Balance Sheet


Dividend

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

3.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AMC's dividend (3.82%) is higher than the bottom 25% of dividend payers in the Polish market (2.02%).

High Dividend: AMC's dividend (3.82%) is low compared to the top 25% of dividend payers in the Polish market (5.95%).


Stability and Growth of Payments

Stable Dividend: AMC's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27%), AMC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

Jacek Rutkowski

no data

Tenure

zł2,746,000

Compensation

Mr. Jacek Rutkowski serves as the President of Management Board at Amica S.A. (formerly known as Amica Wronki S.A.) Mr. Rutkowski serves as a Member of the Management Board at Amica S.A. (formerly known as...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Jacek's total compensation is reasonable compared to companies of similar size in the Polish market.

Compensation vs Earnings: Jacek's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: AMC's board of directors are not considered experienced ( 2.5 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

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


Key Information

  • Name: Amica S.A.
  • Ticker: AMC
  • Exchange: WSE
  • Founded: 1945
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: zł1.189b
  • Shares outstanding: 7.57m
  • Website: https://www.amica.pl

Number of Employees


Location

  • Amica S.A.
  • Mickiewicza Street 52
  • Wronki
  • 64-510
  • Poland

Listings


Biography

Amica S.A. manufactures and distributes household appliances in Poland and internationally. It operates through Free-Standing Heating Appliances, Built-In Heating Appliances, Other Heating Appliances, Good...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/23 21:17
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.