WSE:SEK

Stock Analysis Report

Executive Summary

Seko S.A. engages in the processing and sale of products of sea origin in Poland.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

SEK

-0.2%

PL Food

1.2%

PL Market


1 Year Return

-1.1%

SEK

-15.8%

PL Food

-3.7%

PL Market

Return vs Industry: SEK exceeded the Polish Food industry which returned -15.8% over the past year.

Return vs Market: SEK exceeded the Polish Market which returned -3.7% over the past year.


Shareholder returns

SEKIndustryMarket
7 Day0%-0.2%1.2%
30 Day5.2%-4.2%-2.9%
90 Day-0.5%-12.8%-6.8%
1 Year6.1%-1.1%-13.4%-15.8%-0.8%-3.7%
3 Year51.1%29.6%-21.4%-27.2%11.5%3.5%
5 Year65.3%28.0%31.1%15.2%-0.9%-12.9%

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?

20.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SEK (PLN9.15) is trading below our estimate of fair value (PLN11.55)

Significantly Undervalued: SEK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

PE vs Market: SEK is good value based on its PE Ratio (8.3x) compared to the Polish market (9.9x).


Price to Earnings Growth Ratio

Low 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 is overvalued based on its PB Ratio (0.8x) compared to the PL Food industry average (0.7x).


Next Steps

Future Growth

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

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEK's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: SEK's earnings are forecast to decline over the next 3 years (-0.4% per year).

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

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

High Growth Revenue: Insufficient data to determine if SEK'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 SEK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Seko performed over the past 5 years?

16.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SEK's earnings have grown by 16.8% 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 (-17.9%) over the past year, making it difficult to compare to the Food industry average (30.1%).


Return on Equity

High ROE: SEK's Return on Equity (11.1%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Seko's financial position?


Financial Position Analysis

Short Term Liabilities: SEK's short term assets (PLN48.9M) exceeds its short term liabilities (PLN20.2M)

Long Term Liabilities: SEK's short term assets (48.9M) exceeds its long term liabilities (26.5M)


Debt to Equity History and Analysis

Debt Level: SEK's debt to equity ratio (30.3%) is considered satisfactory

Reducing Debt: SEK's debt to equity ratio has increased from 23.3% to 30.3% over the past 5 years.

Debt Coverage: SEK's debt is well covered by operating cash flow (50.7%).

Interest Coverage: SEK's interest payments on its debt are well covered by EBIT (30.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: SEK's debt is covered by short term assets (assets are 2.282060x debt).


Next Steps

Dividend

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

7.21%

Current Dividend Yield


Dividend Yield vs Market

company7.2%marketbottom25%2.6%markettop25%7.2%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SEK's dividend (7.21%) is higher than the bottom 25% of dividend payers in the Polish market (2.56%).

High Dividend: SEK's dividend (7.21%) is low compared to the top 25% of dividend payers in the Polish market (7.2%).

Stable Dividend: Whilst dividend payments have been stable, SEK has been paying a dividend for less than 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.1%), 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

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

13.8yrs

Average management tenure


CEO

Kazimierz Kustra 0

13.8yrs

Tenure

0

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 ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).

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


Management Age and Tenure

13.8yrs

Average Tenure

Experienced Management: SEK's management team is seasoned and experienced (13.8 years average tenure).


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

  • Tomasz Kustra

    Vice-President of the Management Board

    • Tenure: 13.8yrs
  • Joanna Szymczak

    VP of the Management Board & Director of Export

    • Tenure: 13.8yrs
  • Kazimierz Kustra

    President of the Management Board

    • Tenure: 13.8yrs
  • Karolina Goliszewska-Kustra

    Member & Secretary of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k
  • Krystyna Boroska

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Danuta Kustra

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k
  • Karolina Goliszewska-Kustra

    Member & Secretary of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k
  • Piotr Szymczak

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k
  • Bogdan Nogalski

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k
  • Michal Hamadyk

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł24.00k

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: zł60.848m
  • Shares outstanding: 6.65m
  • Website: https://www.sekosa.pl

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEKWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 2008

Biography

Seko S.A. engages in the processing and sale of products of sea origin in Poland. It offers fishes, pastes, salads, minifishes, salmon in sauces, ready meals, and deep frozen products; and Zlota Rybka and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:56
End of Day Share Price2019/10/15 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.