WSE:CPA

Stock Analysis Report

Executive Summary

Capital Partners S.A. operates as an investment company in Poland.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CPA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.5%

CPA

-1.1%

PL Capital Markets

-6.8%

PL Market


1 Year Return

-31.4%

CPA

-0.3%

PL Capital Markets

-14.8%

PL Market

Return vs Industry: CPA underperformed the Polish Capital Markets industry which returned -0.3% over the past year.

Return vs Market: CPA underperformed the Polish Market which returned -14.8% over the past year.


Shareholder returns

CPAIndustryMarket
7 Day-4.5%-1.1%-6.8%
30 Day-9.3%-3.5%-7.8%
90 Day0%5.9%-6.3%
1 Year-31.4%-31.4%5.5%-0.3%-12.3%-14.8%
3 Year-50.8%-50.8%-22.5%-34.0%-12.0%-18.2%
5 Year-54.3%-54.3%-24.3%-39.9%-4.5%-16.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.66x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CPA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CPA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CPA is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: CPA is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CPA is good value based on its PB Ratio (0.7x) compared to the PL Capital Markets industry average (0.9x).


Next Steps

Future Growth

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

20.8%

Forecasted Diversified Financials 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 Capital Partners 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 Capital Partners performed over the past 5 years?

-54.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPA is currently unprofitable.

Growing Profit Margin: CPA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CPA is unprofitable, and losses have increased over the past 5 years at a rate of -54.6% per year.

Accelerating Growth: Unable to compare CPA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CPA is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-3.8%).


Return on Equity

High ROE: CPA has a negative Return on Equity (-31.27%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Capital Partners's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: CPA's debt is covered by short term assets (assets are 5.0151905306411E+16x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CPA has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: CPA has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: CPA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CPA has a sufficient allowance for bad loans.

Low Risk Liabilities: CPA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CPA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CPA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CPA has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.9%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if CPA'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 CPA's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Pawel Bala 0

17.1yrs

Tenure

zł226,560

Compensation

Mr. Pawel Bala founded Capital Partners S.A. in 2003 and has been its Chief Executive Officer and President of the Management Board since 2003. Mr. Bala is also an Investment Professional and Chairman of t ...


CEO Compensation Analysis

Compensation vs Market: Pawel's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD164.74K).

Compensation vs Earnings: Pawel's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Jacek Jaszczolt
Chairman of Supervisory Board0yrszł18.82kno data
Zbigniew Kulinski
Member of Supervisory Board0yrszł13.14k1.53% PLN339.1k
Katarzyna Perzak-Shultz
Independent Member of Supervisory Board4.8yrszł13.14kno data
Slawomir Gajewski
Vice Chairman of Supervisory Board4.8yrszł13.14k2.45% PLN542.4k
Marcin Rulnicki
Independent Member of Supervisory Board4.8yrszł14.37kno data

4.8yrs

Average Tenure

Experienced Board: CPA's board of directors are considered experienced (4.8 years average tenure).


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

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


Key Information

  • Name: Capital Partners S.A.
  • Ticker: CPA
  • Exchange: WSE
  • Founded: 2002
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: zł22.100m
  • Shares outstanding: 17.00m
  • Website: https://www.c-p.pl

Location

  • Capital Partners S.A.
  • ul.Królewska 16 St.
  • Warsaw
  • 00-103
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPAWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 2004
0LSMLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNAug 2004

Biography

Capital Partners S.A. operates as an investment company in Poland. It primarily invests in small and mid-sized enterprises. The company was founded in 2002 and is based in Warsaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 20:36
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.