Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture.
Undervalued with moderate growth potential.
Share Price & News
How has Fabryki Mebli FORTE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FTE's share price has been volatile over the past 3 months.
7 Day Return
PL Consumer Durables
1 Year Return
PL Consumer Durables
Return vs Industry: FTE underperformed the Polish Consumer Durables industry which returned -26.6% over the past year.
Return vs Market: FTE underperformed the Polish Market which returned -33% over the past year.
Price Volatility Vs. Market
How volatile is Fabryki Mebli FORTE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StHow Does Fabryki Mebli FORTE's (WSE:FTE) P/E Compare To Its Industry, After The Share Price Drop?
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Fabryki Mebli FORTE S.A.'s (WSE:FTE) P/E Ratio
2 weeks ago | Simply Wall StIs Fabryki Mebli FORTE S.A.'s (WSE:FTE) 4.8% ROE Worse Than Average?
Is Fabryki Mebli FORTE undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FTE (PLN11.44) is trading below our estimate of fair value (PLN27.21)
Significantly Below Fair Value: FTE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FTE is poor value based on its PE Ratio (9.2x) compared to the Consumer Durables industry average (8.5x).
PE vs Market: FTE is good value based on its PE Ratio (9.2x) compared to the Polish market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: FTE is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: FTE is good value based on its PB Ratio (0.4x) compared to the PL Consumer Durables industry average (0.7x).
How is Fabryki Mebli FORTE forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTE's forecast earnings growth (22% per year) is above the savings rate (2%).
Earnings vs Market: FTE's earnings (22% per year) are forecast to grow faster than the Polish market (12% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FTE's revenue (2.9% per year) is forecast to grow slower than the Polish market (4.6% per year).
High Growth Revenue: FTE's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTE's Return on Equity is forecast to be low in 3 years time (9.9%).
How has Fabryki Mebli FORTE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTE has high quality earnings.
Growing Profit Margin: FTE's current net profit margins (2.6%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: FTE's earnings have declined by -14.7% per year over the past 5 years.
Accelerating Growth: FTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FTE had negative earnings growth (-30.7%) over the past year, making it difficult to compare to the Consumer Durables industry average (10.1%).
Return on Equity
High ROE: FTE's Return on Equity (4.8%) is considered low.
How is Fabryki Mebli FORTE's financial position?
Financial Position Analysis
Short Term Liabilities: FTE's short term assets (PLN431.3M) exceed its short term liabilities (PLN305.9M).
Long Term Liabilities: FTE's short term assets (PLN431.3M) do not cover its long term liabilities (PLN669.6M).
Debt to Equity History and Analysis
Debt Level: FTE's debt to equity ratio (97.7%) is considered high.
Reducing Debt: FTE's debt to equity ratio has increased from 17.6% to 97.7% over the past 5 years.
Debt Coverage: FTE's debt is well covered by operating cash flow (26%).
Interest Coverage: FTE's interest payments on its debt are well covered by EBIT (5.1x coverage).
Inventory Level: FTE has a high level of physical assets or inventory.
Debt Coverage by Assets: FTE's debt is not covered by short term assets (assets are 0.7x debt).
What is Fabryki Mebli FORTE's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FTE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FTE'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 FTE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FTE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FTE is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FTE's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.
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 ...
|CEO & President of Management Board||no data||no data||no data|
|CFO & Member of Management Board||no data||no data||0.020% PLN53.8k|
|Member of the Management Board - Investments||10.17yrs||no data||0.14% PLN390.9k|
|Member of the Management Board - Supply Chain||5.83yrs||no data||no data|
|Member of the Management Board - Sales & Marketing||1.67yrs||no data||0.034% PLN94.4k|
|Chief of Accounting||no data||no data||no data|
|Director of Management & Administration Office||no data||no data||no data|
|Senior Consultant||8.58yrs||no data||no data|
Experienced Management: FTE's management team is seasoned and experienced (7.2 years average tenure).
|Chairman of Supervisory Board||25.17yrs||no data||0.0013% PLN3.4k|
|Member of Supervisory Board||26.17yrs||no data||no data|
|Member of Supervisory Board||11.17yrs||no data||no data|
|Member of Supervisory Board||no data||no data||no data|
|Member of Supervisory Board||no data||no data||no data|
Experienced Board: FTE's board of directors are seasoned and experienced ( 25.2 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 company bio, 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
- Market Cap: zł273.768m
- Shares outstanding: 23.93m
- Website: https://ww2.forte.com.pl
Number of Employees
- Fabryki Mebli FORTE S.A.
- Biala 1
- Ostrów Mazowiecka
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FTE||WSE (Warsaw Stock Exchange)||Yes||Common Stock||PL||PLN||Jul 1996|
|0O9E||LSE (London Stock Exchange)||Yes||Common Stock||GB||PLN||Jul 1996|
Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture. It offers furniture for dining room, living room, kitchen, bedroom, and youth room. The company markets its products through retail chains and furniture stores in Europe, as well as through its network of sales offices worldwide. Fabryki Mebli FORTE S.A. was founded in 1992 and is based in Ostrów Mazowiecka, Poland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 21:01|
|End of Day Share Price||2020/03/27 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.