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KRU

KRUK Spólka Akcyjna WSE:KRU Stock Report

Last Price

zł245.60

Market Cap

zł4.7b

7D

5.4%

1Y

-2.8%

Updated

30 Jun, 2022

Data

Company Financials +
KRU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends2/6

KRU Stock Overview

KRUK Spólka Akcyjna, together with its subsidiaries, engages in the management of debt for institutional clients in Poland, Romania, Italy, the Czech Republic, Slovakia, Germany, and Spain.

KRUK Spólka Akcyjna Competitors

Price History & Performance

Summary of all time highs, changes and price drops for KRUK Spólka Akcyjna
Historical stock prices
Current Share Pricezł245.60
52 Week Highzł393.00
52 Week Lowzł220.60
Beta1.53
1 Month Change-10.23%
3 Month Change-19.74%
1 Year Change-2.77%
3 Year Change32.04%
5 Year Change-19.10%
Change since IPO488.83%

Recent News & Updates

Apr 28
Does KRUK Spólka Akcyjna (WSE:KRU) Deserve A Spot On Your Watchlist?

Does KRUK Spólka Akcyjna (WSE:KRU) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

KRUPL Consumer FinancePL Market
7D5.4%3.2%2.9%
1Y-2.8%-2.4%-19.5%

Return vs Industry: KRU underperformed the Polish Consumer Finance industry which returned -2.4% over the past year.

Return vs Market: KRU exceeded the Polish Market which returned -19.5% over the past year.

Price Volatility

Is KRU's price volatile compared to industry and market?
KRU volatility
KRU Average Weekly Movement6.8%
Consumer Finance Industry Average Movement5.7%
Market Average Movement6.3%
10% most volatile stocks in PL Market11.2%
10% least volatile stocks in PL Market4.1%

Stable Share Price: KRU is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KRU's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19983,126Piotr Krupahttps://www.pl.kruk.eu

KRUK Spólka Akcyjna, together with its subsidiaries, engages in the management of debt for institutional clients in Poland, Romania, Italy, the Czech Republic, Slovakia, Germany, and Spain. It purchases and manages debt portfolios, including consumer, mortgage-backed, and SME/corporate debts; and offers consumer unsecured loans, mortgage loans, SME/corporate loans, and credit management services. The company manages the receivables of banks, loan brokers, insurers, leasing companies, landline and mobile telecommunications operators, cable TV operators, digital TV operators, and FMCG companies.

KRUK Spólka Akcyjna Fundamentals Summary

How do KRUK Spólka Akcyjna's earnings and revenue compare to its market cap?
KRU fundamental statistics
Market Capzł4.70b
Earnings (TTM)zł811.34m
Revenue (TTM)zł1.23b

5.8x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRU income statement (TTM)
Revenuezł1.23b
Cost of Revenuezł419.40m
Gross Profitzł812.76m
Other Expenseszł1.42m
Earningszł811.34m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Sep 07, 2022

Earnings per share (EPS)42.42
Gross Margin65.96%
Net Profit Margin65.85%
Debt/Equity Ratio99.2%

How did KRU perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KRU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KRU?

Other financial metrics that can be useful for relative valuation.

KRU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA5.9x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does KRU's PE Ratio compare to its peers?

KRU PE Ratio vs Peers
The above table shows the PE ratio for KRU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.1x
INS Indos
4.5xn/azł19.0m
GPW Gielda Papierów Wartosciowych w Warszawie
9.8x2.0%zł1.6b
XTB XTB
6xn/azł2.4b
ENVA Enova International
4.1x11.3%US$961.2m
KRU KRUK Spólka Akcyjna
5.6x-11.5%zł4.6b

Price-To-Earnings vs Peers: KRU is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does KRU's PE Ratio compare vs other companies in the European Consumer Finance Industry?

Price-To-Earnings vs Industry: KRU is good value based on its Price-To-Earnings Ratio (5.6x) compared to the European Consumer Finance industry average (10x)


Price to Earnings Ratio vs Fair Ratio

What is KRU'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.

KRU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.8x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: KRU is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


Share Price vs Fair Value

What is the Fair Price of KRU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KRU (PLN239.4) is trading above our estimate of fair value (PLN221.04)

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


Price to Earnings Growth Ratio

PEG Ratio: KRU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is KRUK Spólka Akcyjna forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-11.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRU's earnings are forecast to decline over the next 3 years (-11.5% per year).

Earnings vs Market: KRU's earnings are forecast to decline over the next 3 years (-11.5% per year).

High Growth Earnings: KRU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KRU's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: KRU's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRU's Return on Equity is forecast to be low in 3 years time (15.1%).


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Past Performance

How has KRUK Spólka Akcyjna performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KRU has a high level of non-cash earnings.

Growing Profit Margin: KRU's current net profit margins (65.8%) are higher than last year (23.8%).


Past Earnings Growth Analysis

Earnings Trend: KRU's earnings have grown by 13.6% per year over the past 5 years.

Accelerating Growth: KRU's earnings growth over the past year (199.5%) exceeds its 5-year average (13.6% per year).

Earnings vs Industry: KRU earnings growth over the past year (199.5%) exceeded the Consumer Finance industry 25%.


Return on Equity

High ROE: KRU's Return on Equity (28.2%) is considered high.


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Financial Health

How is KRUK Spólka Akcyjna's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KRU's short term assets (PLN440.7M) do not cover its short term liabilities (PLN686.5M).

Long Term Liabilities: KRU's short term assets (PLN440.7M) do not cover its long term liabilities (PLN2.7B).


Debt to Equity History and Analysis

Debt Level: KRU's net debt to equity ratio (87.3%) is considered high.

Reducing Debt: KRU's debt to equity ratio has reduced from 119.2% to 99.2% over the past 5 years.

Debt Coverage: KRU's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KRU's interest payments on its debt are well covered by EBIT (11.5x coverage).


Balance Sheet


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Dividend

What is KRUK Spólka Akcyjna current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.29%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KRU's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Polish market (2.71%).

High Dividend: KRU's dividend (5.43%) is low compared to the top 25% of dividend payers in the Polish market (7.99%).


Stability and Growth of Payments

Stable Dividend: KRU has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KRU's dividend payments have increased, but the company has only paid a dividend for 7 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.4%), KRU's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: KRU is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

12.0yrs

Average management tenure


CEO

Piotr Krupa

19.42yrs

Tenure

zł2,256,290

Compensation

Mr. Piotr Krupa co-founded KRUK Spólka Akcyjna (formerly known as KRUK Spolka Akcyjna) (alternate name KRUK SA) in 2003 and serves as its President of Management Board and Chief Executive Officer. Mr. Krup...


CEO Compensation Analysis

Compensation vs Market: Piotr's total compensation ($USD502.11K) is about average for companies of similar size in the Polish market ($USD512.37K).

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


Leadership Team

Experienced Management: KRU's management team is seasoned and experienced (12 years average tenure).


Board Members

Experienced Board: KRU's board of directors are not considered experienced ( 0.2 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

KRUK Spólka Akcyjna's employee growth, exchange listings and data sources


Key Information

  • Name: KRUK Spólka Akcyjna
  • Ticker: KRU
  • Exchange: WSE
  • Founded: 1998
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: zł4.698b
  • Shares outstanding: 19.13m
  • Website: https://www.pl.kruk.eu

Number of Employees


Location

  • KRUK Spólka Akcyjna
  • st. Wolowska 8
  • Wroclaw
  • 51-116
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.