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SKH

Skarbiec Holding WSE:SKH Stock Report

Last Price

zł21.30

Market Cap

zł145.2m

7D

1.9%

1Y

-42.3%

Updated

24 Jun, 2022

Data

Company Financials
SKH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SKH Stock Overview

Skarbiec Holding S.A. creates and manages investment funds in Poland.

Skarbiec Holding Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Skarbiec Holding
Historical stock prices
Current Share Pricezł21.30
52 Week Highzł38.60
52 Week Lowzł20.00
Beta1.02
1 Month Change-6.58%
3 Month Change-27.30%
1 Year Change-42.28%
3 Year Change21.71%
5 Year Change-27.75%
Change since IPO-35.57%

Recent News & Updates

Shareholder Returns

SKHPL Capital MarketsPL Market
7D1.9%-0.1%0.6%
1Y-42.3%-21.7%-23.8%

Return vs Industry: SKH underperformed the Polish Capital Markets industry which returned -21.5% over the past year.

Return vs Market: SKH underperformed the Polish Market which returned -24.3% over the past year.

Price Volatility

Is SKH's price volatile compared to industry and market?
SKH volatility
SKH Average Weekly Movement5.6%
Capital Markets Industry Average Movement8.1%
Market Average Movement6.3%
10% most volatile stocks in PL Market11.3%
10% least volatile stocks in PL Market4.2%

Stable Share Price: SKH is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SKH's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a103Piotr Szulechttps://www.skarbiecholding.pl

Skarbiec Holding S.A. creates and manages investment funds in Poland. The company also engages in management activities, securities trading, and auxiliary financial activities and other financial intermediation, as well as provides financial instrument portfolio management services, and participation units and investment certificates of funds. It serves individual and corporate clients.

Skarbiec Holding Fundamentals Summary

How do Skarbiec Holding's earnings and revenue compare to its market cap?
SKH fundamental statistics
Market Capzł145.22m
Earnings (TTM)zł28.54m
Revenue (TTM)zł124.24m

5.1x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKH income statement (TTM)
Revenuezł124.24m
Cost of Revenuezł81.11m
Gross Profitzł43.12m
Other Expenseszł14.58m
Earningszł28.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.19
Gross Margin34.71%
Net Profit Margin22.97%
Debt/Equity Ratio0%

How did SKH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 SKH?

Other financial metrics that can be useful for relative valuation.

SKH 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

SKH PE Ratio vs Peers
The above table shows the PE ratio for SKH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average58.4x

Price-To-Earnings vs Peers: SKH is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (58.4x).


Price to Earnings Ratio vs Industry

How does SKH's PE Ratio compare vs other companies in the Polish Capital Markets Industry?

Price-To-Earnings vs Industry: SKH is good value based on its Price-To-Earnings Ratio (5.1x) compared to the Polish Capital Markets industry average (15.3x)


Price to Earnings Ratio vs Fair Ratio

What is SKH'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.

SKH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKH's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SKH (PLN21.3) is trading below our estimate of fair value (PLN98.84)

Significantly Below Fair Value: SKH is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

How is Skarbiec Holding forecast to perform in the next 1 to 3 years based on estimates from 0 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


10.3%

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 Skarbiec Holding 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.


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  • Examine whether Skarbiec Holding is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Skarbiec Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Skarbiec Holding performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKH has high quality earnings.

Growing Profit Margin: SKH's current net profit margins (23%) are lower than last year (37.4%).


Past Earnings Growth Analysis

Earnings Trend: SKH's earnings have grown by 15.5% per year over the past 5 years.

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

Earnings vs Industry: SKH had negative earnings growth (-52.9%) over the past year, making it difficult to compare to the Capital Markets industry average (32.5%).


Return on Equity

High ROE: SKH's Return on Equity (14.1%) is considered low.


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Financial Health

How is Skarbiec Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKH's short term assets (PLN170.8M) exceed its short term liabilities (PLN30.0M).

Long Term Liabilities: SKH's short term assets (PLN170.8M) exceed its long term liabilities (PLN2.5M).


Debt to Equity History and Analysis

Debt Level: SKH is debt free.

Reducing Debt: SKH has not had any debt for past 5 years.

Debt Coverage: SKH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SKH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Skarbiec Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate SKH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SKH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SKH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SKH is not paying a notable dividend for the Polish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SKH has not reported any payouts.


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Management

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

0.4yrs

Average management tenure


CEO

Piotr Szulec

0.42

Tenure

Mr. Piotr Szulec serves as President of the Management Board of Skarbiec Holding S.A. since January 2022.


Leadership Team

Experienced Management: SKH's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: SKH's board of directors are considered experienced (3.5 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

Skarbiec Holding S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Skarbiec Holding S.A.
  • Ticker: SKH
  • Exchange: WSE
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: zł145.220m
  • Shares outstanding: 6.82m
  • Website: https://www.skarbiecholding.pl

Number of Employees


Location

  • Skarbiec Holding S.A.
  • 26 Al. Armii Ludowej
  • Warsaw
  • 00-609
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.