FTE Stock Overview
Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture worldwide.
Fabryki Mebli FORTE Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||zł33.20|
|52 Week High||zł59.00|
|52 Week Low||zł28.40|
|1 Month Change||-1.19%|
|3 Month Change||0.91%|
|1 Year Change||-41.45%|
|3 Year Change||32.80%|
|5 Year Change||-52.57%|
|Change since IPO||174.38%|
Recent News & Updates
Returns At Fabryki Mebli FORTE (WSE:FTE) Appear To Be Weighed Down
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
|FTE||PL Consumer Durables||PL Market|
Return vs Industry: FTE underperformed the Polish Consumer Durables industry which returned -37.5% over the past year.
Return vs Market: FTE underperformed the Polish Market which returned -21.5% over the past year.
|FTE Average Weekly Movement||6.7%|
|Consumer Durables Industry Average Movement||5.4%|
|Market Average Movement||6.4%|
|10% most volatile stocks in PL Market||12.0%|
|10% least volatile stocks in PL Market||4.1%|
Stable Share Price: FTE is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FTE's weekly volatility (7%) has been stable over the past year.
About the Company
Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture worldwide. The company offers furniture for dining room, living room, youth room, office, hallway, and bedroom. It markets its products through retail chains and furniture stores in Europe.
Fabryki Mebli FORTE Fundamentals Summary
|FTE fundamental statistics|
Is FTE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FTE income statement (TTM)|
|Cost of Revenue||zł846.28m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Sep 05, 2022
|Earnings per share (EPS)||6.37|
|Net Profit Margin||11.01%|
How did FTE perform over the long term?See historical performance and comparison
12.0%Current Dividend Yield
Does FTE pay a reliable dividends?See FTE dividend history and benchmarks
|Fabryki Mebli FORTE dividend dates|
|Ex Dividend Date||Sep 09 2022|
|Dividend Pay Date||Sep 22 2022|
|Days until Ex dividend||26 days|
|Days until Dividend pay date||39 days|
Does FTE pay a reliable dividends?See FTE dividend history and benchmarks
Is FTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FTE?
Other financial metrics that can be useful for relative valuation.
|What is FTE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FTE's PE Ratio compare to its peers?
|FTE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
FTE Fabryki Mebli FORTE
Price-To-Earnings vs Peers: FTE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (6.5x).
Price to Earnings Ratio vs Industry
How does FTE's PE Ratio compare vs other companies in the European Consumer Durables Industry?
Price-To-Earnings vs Industry: FTE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Polish Consumer Durables industry average (5.5x)
Price to Earnings Ratio vs Fair Ratio
What is FTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.2x|
|Fair PE Ratio||6.5x|
Price-To-Earnings vs Fair Ratio: FTE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (6.5x).
Share Price vs Fair Value
What is the Fair Price of FTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FTE (PLN33.2) is trading below our estimate of fair value (PLN70.65)
Significantly Below Fair Value: FTE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
Discover undervalued companies
How is Fabryki Mebli FORTE forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTE's earnings are forecast to decline over the next 3 years (-10.8% per year).
Earnings vs Market: FTE's earnings are forecast to decline over the next 3 years (-10.8% per year).
High Growth Earnings: FTE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FTE's revenue (5.2% per year) is forecast to grow slower than the Polish market (5.3% per year).
High Growth Revenue: FTE's revenue (5.2% 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 FTE's Return on Equity is forecast to be high in 3 years time
Discover growth companies
How has Fabryki Mebli FORTE performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTE has high quality earnings.
Growing Profit Margin: FTE's current net profit margins (11%) are higher than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: FTE's earnings have grown by 5.3% per year over the past 5 years.
Accelerating Growth: FTE's earnings growth over the past year (88.6%) exceeds its 5-year average (5.3% per year).
Earnings vs Industry: FTE earnings growth over the past year (88.6%) exceeded the Consumer Durables industry 26.3%.
Return on Equity
High ROE: FTE's Return on Equity (18.1%) is considered low.
Discover strong past performing companies
How is Fabryki Mebli FORTE's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FTE's short term assets (PLN524.4M) exceed its short term liabilities (PLN303.2M).
Long Term Liabilities: FTE's short term assets (PLN524.4M) exceed its long term liabilities (PLN397.5M).
Debt to Equity History and Analysis
Debt Level: FTE's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: FTE's debt to equity ratio has reduced from 62.1% to 45.1% over the past 5 years.
Debt Coverage: FTE's debt is well covered by operating cash flow (26.6%).
Interest Coverage: FTE's interest payments on its debt are well covered by EBIT (8.1x coverage).
Discover healthy companies
What is Fabryki Mebli FORTE current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FTE's dividend (12.05%) is higher than the bottom 25% of dividend payers in the Polish market (2.7%).
High Dividend: FTE's dividend (12.05%) is in the top 25% of dividend payers in the Polish market (8.84%)
Stability and Growth of Payments
Stable Dividend: FTE's dividend payments have been volatile in the past 10 years.
Growing Dividend: FTE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.8%), FTE's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (156%), FTE's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Maciej Formanowicz has been the President of the Management Board at Fabryki Mebli Forte Spólka Akcyjna since April 04, 1993 and serves as its Chief Executive Officer. Mr. Formanowicz serves as the Pre...
Experienced Management: FTE's management team is seasoned and experienced (8.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fabryki Mebli FORTE S.A.'s employee growth, exchange listings and data sources
- Name: Fabryki Mebli FORTE S.A.
- Ticker: FTE
- Exchange: WSE
- Founded: 1992
- Industry: Home Furnishings
- Sector: Consumer Durables
- Implied Market Cap: zł794.502m
- Shares outstanding: 23.93m
- Website: https://ww2.forte.com.pl
Number of Employees
- Fabryki Mebli FORTE S.A.
- ul. Biala 1
- Ostrow Mazowiecka
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/13 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.