WSE:KSW

Stock Analysis Report

Zaklady Tluszczowe Kruszwica

Executive Summary

Zaklady Tluszczowe Kruszwica S.A. operates as an agribusiness and food company in Poland, Central Europe, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has Zaklady Tluszczowe Kruszwica's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

KSW

-0.7%

PL Food

2.1%

PL Market


1 Year Return

-6.1%

KSW

-16.3%

PL Food

-2.7%

PL Market

Return vs Industry: KSW exceeded the Polish Food industry which returned -16.3% over the past year.

Return vs Market: KSW underperformed the Polish Market which returned -2.7% over the past year.


Shareholder returns

KSWIndustryMarket
7 Day-1.8%-0.7%2.1%
30 Day1.9%-4.0%-1.6%
90 Day0%-12.1%-6.9%
1 Year-0.5%-6.1%-13.9%-16.3%0.2%-2.7%
3 Year-8.2%-27.6%-21.4%-27.2%12.1%4.1%
5 Year-1.5%-27.9%31.6%15.6%-0.5%-12.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Zaklady Tluszczowe Kruszwica undervalued compared to its fair value and its price relative to the market?

8.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: KSW (PLN42.8) is trading above our estimate of fair value (PLN30.95)

Significantly Undervalued: KSW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KSW is poor value based on its PE Ratio (8.2x) compared to the Food industry average (8.3x).

PE vs Market: KSW is good value based on its PE Ratio (8.2x) compared to the Polish market (10.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KSW is overvalued based on its PB Ratio (1.3x) compared to the PL Food industry average (0.7x).


Next Steps

Future Growth

How is Zaklady Tluszczowe Kruszwica forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KSW's earnings are forecast to decline over the next 3 years (-8.4% per year).

Earnings vs Market: KSW's earnings are forecast to decline over the next 3 years (-8.4% per year).

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

Revenue vs Market: Insufficient data to determine if KSW's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if KSW's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if KSW's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Zaklady Tluszczowe Kruszwica performed over the past 5 years?

-5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KSW's earnings have declined by -5.8% per year over the past 5 years.

Accelerating Growth: KSW's earnings growth over the past year (70.3%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: KSW earnings growth over the past year (70.3%) exceeded the Food industry 30.1%.


Return on Equity

High ROE: KSW's Return on Equity (16.3%) is considered low.


Return on Assets

ROA vs Industry: KSW has a higher Return on Assets than the Food industry average last year.


Return on Capital Employed

ROCE Improving: KSW has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Zaklady Tluszczowe Kruszwica's financial position?


Financial Position Analysis

Short Term Liabilities: KSW's short term assets (PLN746.4M) exceeds its short term liabilities (PLN308.0M)

Long Term Liabilities: KSW's short term assets (746.4M) exceeds its long term liabilities (18.1M)


Debt to Equity History and Analysis

Debt Level: KSW is debt free.

Reducing Debt: KSW has no debt compared to 5 years ago when its debt to equity ratio was 0.08%.

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

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


Balance Sheet

Inventory Level: KSW has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if KSW's debt is covered by short term assets.


Next Steps

Dividend

What is Zaklady Tluszczowe Kruszwica's current dividend yield, its reliability and sustainability?

5.98%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%2.6%markettop25%7.2%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KSW's dividend (5.98%) is higher than the bottom 25% of dividend payers in the Polish market (2.65%).

High Dividend: KSW's dividend (5.98%) is low compared to the top 25% of dividend payers in the Polish market (7.19%).

Stable Dividend: KSW's dividend payments have been volatile in the past 10 years.

Growing Dividend: KSW's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.1%), KSW's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Zaklady Tluszczowe Kruszwica's salary, the management and board of directors tenure and is there insider trading?

12.3yrs

Average management tenure


CEO

Wojciech Jachimczyk 0

0yrs

Tenure

0

Mr. Wojciech Jachimczyk has been President of the Management Board and General Director of Zaklady Tluszczowe Kruszwica S.A. since 2019. He had been Finance Director of Zaklady Tluszczowe Kruszwica S.A. si ...


Management Age and Tenure

12.3yrs

Average Tenure

Experienced Management: KSW's management team is seasoned and experienced (12.3 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

Experienced Board: KSW's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new 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


Management Team

  • Marcin Brodowski

    Member of Management Board

    • Tenure: 12.3yrs
  • Wojciech Jachimczyk

    President of the Management Board & General Director

    • Tenure: 0yrs
  • Tomasz Wika

    Member of Management Board

    • Tenure: 12.3yrs
  • Wojciech Bauman

    Member of Management Board

    • Tenure: 11yrs
  • Piotr Piotrowski

    Member of Management Board

    • Tenure: 12.3yrs
  • Slawomir Werbinski

    Financial Director

    • Tenure: 0.3yrs
  • Katarzyna Wozniak-Mrygon

    Secretary

    • Tenure: 0yrs

Board Members

  • Mariusz Szeliga

    Member of Supervisory Board

    • Tenure: 0yrs
  • Slawomir Ludwikowski (61yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Markus Sieger (53yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Jerzy Rajski

    Member of Supervisory Board

    • Tenure: 0yrs
  • Roman Górny

    Member of the Supervisory Board

    • Tenure: 0yrs
  • George Allard

    Member of Supervisory Board

    • Tenure: 4.5yrs
  • William Dujardin

    Chairman of the Supervisory Board

    • Tenure: 0.8yrs
  • Julie Hawkins

    Vice Chairwoman of the Supervisory Board

    • Tenure: 1.8yrs
  • Jean-Pierre Goullet

    Member of Supervisory Board

    • Tenure: 1.8yrs
  • Pierre Mauger

    Member of the Supervisory Board

    • Tenure: 1.6yrs

Company Information

Zaklady Tluszczowe Kruszwica S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zaklady Tluszczowe Kruszwica S.A.
  • Ticker: KSW
  • Exchange: WSE
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł983.841m
  • Shares outstanding: 22.99m
  • Website: https://www.ztkruszwica.pl

Number of Employees


Location

  • Zaklady Tluszczowe Kruszwica S.A.
  • ul. Niepodleglosci 42
  • Kruszwica
  • 88-150
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KSWWSE (Warsaw Stock Exchange)YesOrdinary SharesPLPLNFeb 1997

Biography

Zaklady Tluszczowe Kruszwica S.A. operates as an agribusiness and food company in Poland, Central Europe, and internationally. It operates through two segments, Agricultural Commodities and Food Products.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:43
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
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.