WSE:HRT

Stock Analysis Report

Executive Summary

Hurtimex SA designs, manufactures, and distributes clothing for children in Poland and internationally.

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Does not have a meaningful market cap (PLN4M)

Profit margins (2%) are lower than last year (3.4%)

+ 1 more risk


Snowflake Analysis

Questionable track record with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HRT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

HRT

0.5%

PL Luxury

-1.1%

PL Market


1 Year Return

-16.7%

HRT

-9.8%

PL Luxury

-7.5%

PL Market

Return vs Industry: HRT underperformed the Polish Luxury industry which returned -9.8% over the past year.

Return vs Market: HRT underperformed the Polish Market which returned -7.5% over the past year.


Shareholder returns

HRTIndustryMarket
7 Day0%0.5%-1.1%
30 Day33.3%-0.4%-6.1%
90 Dayn/a0.4%-4.3%
1 Year-16.7%-16.7%-9.2%-9.8%-4.6%-7.5%
3 Year-47.4%-47.4%7.3%5.2%3.2%-4.4%
5 Year-13.0%-13.0%5.8%2.0%1.7%-10.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HRT (PLN0.2) is trading above our estimate of fair value (PLN0)

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


Price To Earnings Ratio

PE vs Industry: HRT is poor value based on its PE Ratio (23.7x) compared to the Luxury industry average (11.8x).

PE vs Market: HRT is poor value based on its PE Ratio (23.7x) compared to the Polish market (10.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HRT is overvalued based on its PB Ratio (2.6x) compared to the PL Luxury industry average (0.9x).


Next Steps

Future Growth

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

10.8%

Forecasted Consumer Durables 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 Hurtimex 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 Hurtimex performed over the past 5 years?

42.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRT has high quality earnings.

Growing Profit Margin: HRT's current net profit margins (2%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: HRT has become profitable over the past 5 years, growing earnings by 42.4% per year.

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

Earnings vs Industry: HRT had negative earnings growth (-54.1%) over the past year, making it difficult to compare to the Luxury industry average (-27.4%).


Return on Equity

High ROE: HRT's Return on Equity (11.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hurtimex's financial position?


Financial Position Analysis

Short Term Liabilities: HRT's short term assets (PLN10.2M) exceed its short term liabilities (PLN2.2M).

Long Term Liabilities: HRT's short term assets (PLN10.2M) do not cover its long term liabilities (PLN12.3M).


Debt to Equity History and Analysis

Debt Level: HRT's debt to equity ratio (154.2%) is considered high.

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

Debt Coverage: HRT's debt is not well covered by operating cash flow (12.2%).

Interest Coverage: HRT's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: HRT's debt is covered by short term assets (assets are 4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%7.2%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if HRT'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 HRT'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 Hurtimex's salary, the management and board of directors tenure and is there insider trading?


CEO

Jaroslaw Kopec 0

0yrs

Tenure

0

Mr. Jaroslaw Kopec serves as President of the Management Board at Hurtimex SA and served as its Chairman of Management Board and Vice President of the Management Board. 


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Jaroslaw Kopec

    President of the Management Board

    • Tenure: 0yrs

Board Members

  • Bogdan Kopec

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Krystyna Kopec

    Member of Supervisory Board

    • Tenure: 0yrs
  • Zbigniew Zajac

    Vice Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Bronislaw Siekierski

    Member of Supervisory Board

    • Tenure: 0yrs
  • Wojciech Nawrot

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

Hurtimex SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hurtimex SA
  • Ticker: HRT
  • Exchange: WSE
  • Founded: 1990
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: zł4.354m
  • Shares outstanding: 21.77m
  • Website: https://www.hurtimex.com.pl

Location

  • Hurtimex SA
  • ul. 28 Col. Strzelców Kaniowskich 42
  • Lódz
  • 90-640
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRTWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 2008

Biography

Hurtimex SA designs, manufactures, and distributes clothing for children in Poland and internationally. Its products include skirts, pants, blouses, sweaters, handkerchiefs, gloves, jackets, and outerwear  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 21:16
End of Day Share Price2019/12/09 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.