WSE:SEK

Stock Analysis Report

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Executive Summary

Seko S.A. engages in the processing and sale of fish products. More Details


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.2%

SEK

2.1%

PL Food

-0.9%

PL Market


1 Year Return

-3.4%

SEK

-0.3%

PL Food

-19.6%

PL Market

Return vs Industry: SEK exceeded the Polish Food industry which returned 0.1% over the past year.

Return vs Market: SEK exceeded the Polish Market which returned -17.2% over the past year.


Shareholder returns

SEKIndustryMarket
7 Day-1.2%2.1%-0.9%
30 Day-4.5%2.8%-4.0%
90 Day-10.5%-0.6%-12.8%
1 Year1.1%-3.4%2.8%-0.3%-18.9%-19.6%
3 Year35.2%15.6%-20.4%-26.5%-29.2%-33.4%
5 Year81.2%41.7%-11.8%-22.4%-16.9%-26.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SEK (PLN8.6) is trading below our estimate of fair value (PLN13.02)

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


Price To Earnings Ratio

PE vs Industry: SEK is good value based on its PE Ratio (10.7x) compared to the PL Food industry average (12.7x).

PE vs Market: SEK is good value based on its PE Ratio (10.7x) compared to the Polish market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SEK's PB Ratio (0.8x) is in line with the PL Food industry average.


Next Steps

Future Growth

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

9.6%

Forecasted Food, Beverage & Tobacco 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 Seko 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 Seko performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEK has high quality earnings.

Growing Profit Margin: SEK's current net profit margins (2.8%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: SEK's earnings have grown by 11.4% per year over the past 5 years.

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

Earnings vs Industry: SEK had negative earnings growth (-32.5%) over the past year, making it difficult to compare to the Food industry average (-29.4%).


Return on Equity

High ROE: SEK's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is Seko's financial position?


Financial Position Analysis

Short Term Liabilities: SEK's short term assets (PLN62.2M) exceed its short term liabilities (PLN30.5M).

Long Term Liabilities: SEK's short term assets (PLN62.2M) exceed its long term liabilities (PLN22.7M).


Debt to Equity History and Analysis

Debt Level: SEK's debt to equity ratio (34.1%) is considered satisfactory.

Reducing Debt: SEK's debt to equity ratio has increased from 20.8% to 34.1% over the past 5 years.

Debt Coverage: SEK's debt is well covered by operating cash flow (59.1%).

Interest Coverage: SEK's interest payments on its debt are well covered by EBIT (14.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Seko current dividend yield, its reliability and sustainability?

5.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SEK's dividend (5.23%) is higher than the bottom 25% of dividend payers in the Polish market (1.88%).

High Dividend: SEK's dividend (5.23%) is low compared to the top 25% of dividend payers in the Polish market (5.87%).


Stability and Growth of Payments

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

Growing Dividend: SEK's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.2%), SEK's dividend payments are 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

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

14.8yrs

Average management tenure


CEO

Kazimierz Kustra

14.75yrs

Tenure

zł159,100

Compensation

Kazimierz Kustra has been the President of the Management Board at SEKO Spolka Akcyjna (Formerly, SEKO Ltd) since 2006 and serves as its Member of the Management Board. Mr. Kustra is the SEKO founder. From ...


CEO Compensation Analysis

Compensation vs Market: Kazimierz's total compensation ($USD41.09K) is below average for companies of similar size in the Polish market ($USD150.34K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kazimierz Kustra
President of the Management Board14.75yrszł159.10k1.37%
PLN 773.6k
Tomasz Kustra
Vice-President of the Management Board14.75yrszł232.80k1.32%
PLN 746.7k
Joanna Szymczak
VP of the Management Board & Director of Export14.75yrszł231.10k1.42%
PLN 803.6k
Karolina Goliszewska-Kustra
Member & Secretary of Supervisory Boardno datazł27.60k1.42%
PLN 802.4k
Krystyna Boroska
Chief Accountantno datano datano data

14.8yrs

Average Tenure

Experienced Management: SEK's management team is seasoned and experienced (14.8 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

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


Key Information

  • Name: Seko S.A.
  • Ticker: SEK
  • Exchange: WSE
  • Founded: 1992
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł56.525m
  • Shares outstanding: 6.65m
  • Website: https://www.sekosa.pl

Number of Employees


Location

  • Seko S.A.
  • ul. Zakladowa 3
  • Chojnice
  • 89-620
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEKWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2008
0LYELSE (London Stock Exchange)YesCommon Bearer SharesGBPLNJun 2008

Biography

Seko S.A. engages in the processing and sale of fish products. It offers fishes, pastes, salads, canned fishes, mini fishes, ready meals, and frozen products; Greek cod and round’n’round herring products; ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 22:32
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
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.