WSE:ALC

Stock Analysis Report

Executive Summary

Alchemia S.A., together with its subsidiaries, produces seamless steel pipes and other related specialized products in Poland.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

ALC

1.1%

PL Metals and Mining

1.2%

PL Market


1 Year Return

12.8%

ALC

-27.1%

PL Metals and Mining

-3.7%

PL Market


Shareholder returns

ALCIndustryMarket
7 Day0%1.1%1.2%
30 Day0%-8.7%-2.9%
90 Day-0.8%-20.6%-6.8%
1 Year12.8%12.8%-25.3%-27.1%-0.8%-3.7%
3 Year-8.3%-8.3%-20.3%-24.2%11.5%3.5%
5 Year-5.4%-5.4%-25.2%-30.8%-0.9%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ALC (PLN4.76) is trading below our estimate of fair value (PLN21.97)

Significantly Undervalued: ALC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ALC is poor value based on its PE Ratio (28.2x) compared to the Metals and Mining industry average (6.1x).

PE vs Market: ALC is poor value based on its PE Ratio (28.2x) compared to the Polish market (9.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALC is overvalued based on its PB Ratio (1.5x) compared to the PL Metals and Mining industry average (0.7x).


Next Steps

Future Growth

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

24.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALC's forecast earnings growth (24% per year) is above the savings rate (2.9%).

Earnings vs Market: ALC's earnings (24% per year) are forecast to grow faster than the Polish market (10.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Alchemia performed over the past 5 years?

39.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALC has become profitable over the past 5 years, growing earnings by 39.3% per year.

Accelerating Growth: ALC's earnings growth over the past year (34.6%) is below its 5-year average (39.3% per year).

Earnings vs Industry: ALC earnings growth over the past year (34.6%) exceeded the Metals and Mining industry -2%.


Return on Equity

High ROE: ALC's Return on Equity (5.6%) is considered low.


Return on Assets

ROA vs Industry: ALC's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: ALC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Alchemia's financial position?


Financial Position Analysis

Short Term Liabilities: ALC's short term assets (PLN529.9M) exceeds its short term liabilities (PLN356.3M)

Long Term Liabilities: ALC's short term assets (529.9M) exceeds its long term liabilities (51.1M)


Debt to Equity History and Analysis

Debt Level: ALC's debt to equity ratio (22.7%) is considered satisfactory

Reducing Debt: ALC's debt to equity ratio has increased from 17.8% to 22.7% over the past 5 years.

Debt Coverage: ALC's debt is well covered by operating cash flow (72.6%).

Interest Coverage: ALC's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%7.2%industryaverage7.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALC's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

zł574k

CEO Compensation


CEO

Karina Wsciubiak-Hankó (40yo)

0yrs

Tenure

zł574,000

Compensation

Ms. Karina Wsciubiak-Hankó serves as General Director, Chairman of The Management Board at Alchemia S.A. Ms. Wsciubiak-Hankó has been a Vice President and Chief Financial Officer at Huta Batory since 2001. ...


CEO Compensation Analysis

Information is not available.

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


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

  • Karina Wsciubiak-Hankó (40yo)

    Chairman of the Management Board & General Director

    • Tenure: 0yrs
    • Compensation: zł574.00k
  • Marek Misiakiewicz

    Deputy-Chairman of the Management Board & Development Director

    • Tenure: 0yrs
    • Compensation: zł444.00k
  • Miroslaw Kutnik

    Secretary

    • Tenure: 0yrs
    • Compensation: zł32.40k
  • Tomasz Tinel

    Marketing & Sales Manager

    • Tenure: 0yrs
  • Janusz Siemieniec

    Vice-Chairman of the Management Board & Operations Director

    • Tenure: 0yrs
    • Compensation: zł484.00k

Board Members

  • Arkadiusz Krezel

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł32.40k
  • Miroslaw Kutnik

    Secretary

    • Tenure: 0yrs
    • Compensation: zł32.40k
  • Wojciech Zymek

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł32.40k
  • Jaroslaw Antosik

    Member of the Supervisory Board

    • Tenure: 10.6yrs
    • Compensation: zł32.40k
  • Dariusz Jarosz

    Member of the Supervisory Board

    • Tenure: 7.2yrs
    • Compensation: zł32.40k

Company Information

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


Key Information

  • Name: Alchemia S.A.
  • Ticker: ALC
  • Exchange: WSE
  • Founded: 1811
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł825.622m
  • Shares outstanding: 173.45m
  • Website: https://www.alchemiasa.pl

Location

  • Alchemia S.A.
  • ul. Aleje Jerozolimskie 92
  • Warsaw
  • 00-807
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALCWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJun 1998

Biography

Alchemia S.A., together with its subsidiaries, produces seamless steel pipes and other related specialized products in Poland. The company’s seamless steel pipes and tubes include tubes for shipbuilding an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/27 20:46
End of Day Share Price2019/05/30 00:00
Earnings2019/03/31
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.