WSE:ZWC

Stock Analysis Report

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Executive Summary

Grupa Zywiec S.A. produces and sells beers in Poland. More Details


Snowflake Analysis

Mediocre balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.8%

ZWC

0.6%

PL Beverage

1.5%

PL Market


1 Year Return

-0.8%

ZWC

-24.7%

PL Beverage

-17.5%

PL Market

Return vs Industry: ZWC exceeded the Polish Beverage industry which returned -25.7% over the past year.

Return vs Market: ZWC exceeded the Polish Market which returned -17.5% over the past year.


Shareholder returns

ZWCIndustryMarket
7 Day0.8%0.6%1.5%
30 Day0%3.1%-2.6%
90 Day0%-2.5%-9.9%
1 Year2.2%-0.8%-23.4%-24.7%-16.8%-17.5%
3 Year20.9%4.4%-18.4%-23.2%-26.4%-30.7%
5 Year55.5%16.1%-8.8%-17.9%-14.5%-23.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ZWC (PLN476) is trading above our estimate of fair value (PLN86.02)

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


Price To Earnings Ratio

PE vs Industry: ZWC is poor value based on its PE Ratio (26.2x) compared to the XE Beverage industry average (21.7x).

PE vs Market: ZWC is poor value based on its PE Ratio (26.2x) compared to the Polish market (12.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ZWC is overvalued based on its PB Ratio (37.2x) compared to the XE Beverage industry average (2.2x).


Next Steps

Future Growth

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

26.8%

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 Grupa Zywiec 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 Grupa Zywiec performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZWC has high quality earnings.

Growing Profit Margin: ZWC's current net profit margins (7%) are lower than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: ZWC's earnings have declined by 3.6% per year over the past 5 years.

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

Earnings vs Industry: ZWC had negative earnings growth (-37.4%) over the past year, making it difficult to compare to the Beverage industry average (-8.7%).


Return on Equity

High ROE: Whilst ZWC's Return on Equity (141.8%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Grupa Zywiec's financial position?


Financial Position Analysis

Short Term Liabilities: ZWC's short term assets (PLN1.4B) do not cover its short term liabilities (PLN1.7B).

Long Term Liabilities: ZWC's short term assets (PLN1.4B) exceed its long term liabilities (PLN1.2B).


Debt to Equity History and Analysis

Debt Level: ZWC's debt to equity ratio (1046%) is considered high.

Reducing Debt: ZWC's debt to equity ratio has increased from 433.5% to 1046% over the past 5 years.

Debt Coverage: ZWC's debt is well covered by operating cash flow (24.1%).

Interest Coverage: ZWC's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Grupa Zywiec current dividend yield, its reliability and sustainability?

3.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZWC's dividend (3.15%) is higher than the bottom 25% of dividend payers in the Polish market (1.84%).

High Dividend: ZWC's dividend (3.15%) is low compared to the top 25% of dividend payers in the Polish market (5.92%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as ZWC has not reported any payouts.


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?

5.2yrs

Average management tenure


CEO

Grupa Zywiec has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Francois-Xavier Mahot
President of the Management Boardno datazł2.35mno data
Piotr Nowakowski
Financial Director and Member of Management Boardno datazł1.62mno data
Michael McKeown
Member of the Management Boardno datazł1.65m0.0097%
PLN 476.2k
Malgorzata Lubelska
Member of the Management Board8.83yrszł1.45m0.0019%
PLN 95.3k
Luca Giordano
Production Director and Member of Management Board5.25yrszł2.60mno data
Marcin Celejowski
Sales Director and Member of Management Board5.08yrszł1.73mno data
Andrzej Borczyk
Human Resources Director and Member of the Management Board4.33yrszł1.61mno data
Katarzyna Malczewska-Blaszczuk
Member of the Management Boardno datazł275.00kno data

5.2yrs

Average Tenure

Experienced Management: ZWC's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Hazelwood
Member of Supervisory Boardno datazł107.00kno data
Krzysztof Loth
Member of Supervisory Boardno datazł107.00kno data
Lodewijk Herman Lockefeer
Member of Supervisory Board5.33yrsno datano data
Stefan Orlowski
Chairman of the Supervisory Board5.25yrsno datano data
Allan Myers
Deputy Chairman of Supervisory Boardno datano datano data
Krzysztof Jasek
Member of the Supervisory Boardno datazł389.00k0.00012%
PLN 5.9k
John Higgins
Member of the Supervisory Boardno datano datano data
Alle Ypma
Member of Supervisory Board6yrszł107.00kno data

5.3yrs

Average Tenure

73yo

Average Age

Experienced Board: ZWC's board of directors are considered experienced (5.3 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

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


Key Information

  • Name: Grupa Zywiec S.A.
  • Ticker: ZWC
  • Exchange: WSE
  • Founded: 1856
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: zł4.889b
  • Shares outstanding: 10.27m
  • Website: https://www.grupazywiec.pl

Number of Employees


Location

  • Grupa Zywiec S.A.
  • ul. Konstruktorska 13
  • Entrance E
  • Warsaw
  • 02-673
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZWCWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 1992
0M02LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNDec 1992

Biography

Grupa Zywiec S.A. produces and sells beers in Poland. It also offers other alcoholic beverages and soft drinks. The company serves customers under the Heineken, Zyweic, Desperados, Warka, EB, Delicacy, Tat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 21:43
End of Day Share Price2020/10/22 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.