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Alumetal

WSE:AML
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AML
WSE
PLN659M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Alumetal S.A., together with its subsidiaries, manufactures and sells secondary aluminum casting alloys for the automotive market sector in Poland and internationally. The last earnings update was 96 days ago. More info.


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AML Share Price and Events
7 Day Returns
0.4%
WSE:AML
-0.3%
PL Metals and Mining
-0.6%
PL Market
1 Year Returns
-25.5%
WSE:AML
-21.6%
PL Metals and Mining
-6.8%
PL Market
AML Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alumetal (AML) 0.4% 8.5% 1.3% -25.5% -12.2% -
PL Metals and Mining -0.3% 2.8% -1% -21.6% 57.5% -3.2%
PL Market -0.6% 0.5% 8% -6.8% 18.7% -6.4%
1 Year Return vs Industry and Market
  • AML underperformed the Metals and Mining industry which returned -21.6% over the past year.
  • AML underperformed the Market in Poland which returned -6.8% over the past year.
Price Volatility
AML
Industry
5yr Volatility vs Market

AML Value

 Is Alumetal undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Alumetal to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alumetal.

WSE:AML Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:AML
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.2%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.834 (1 + (1- 19%) (21.14%))
0.977
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.977 * 7.15%)
9.84%

Discounted Cash Flow Calculation for WSE:AML using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alumetal is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:AML DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (PLN, Millions) 39.10 56.43 62.80 84.80 83.90
Source Analyst x2 Analyst x3 Analyst x2 Analyst x1 Analyst x1
Present Value
Discounted (@ 9.84%)
35.60 46.78 47.40 58.27 52.49
Present value of next 5 years cash flows PLN240.53
WSE:AML DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= PLN83.90 × (1 + 2.85%) ÷ (9.84% – 2.85%)
PLN1,235.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= PLN1,235.34 ÷ (1 + 9.84%)5
PLN772.82
WSE:AML Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= PLN240.53 + PLN772.82
PLN1,013.35
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN1,013.35 / 15.48
PLN65.46
WSE:AML Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN65.46
Current discount Discount to share price of PLN42.55
= -1 x (PLN42.55 - PLN65.46) / PLN65.46
35%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Alumetal is available for.
Intrinsic value
35%
Share price is PLN42.55 vs Future cash flow value of PLN65.46
Current Discount Checks
For Alumetal to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alumetal's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Alumetal's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Alumetal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alumetal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:AML PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN6.21
WSE:AML Share Price ** WSE (2019-02-15) in PLN PLN42.55
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.85x
Poland Market PE Ratio Median Figure of 450 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alumetal.

WSE:AML PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:AML Share Price ÷ EPS (both in PLN)

= 42.55 ÷ 6.21

6.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alumetal is good value based on earnings compared to the PL Metals and Mining industry average.
  • Alumetal is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Alumetal's expected growth come at a high price?
Raw Data
WSE:AML PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-4.7%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 1.12x
Poland Market PEG Ratio Median Figure of 100 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

WSE:AML PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.85x ÷ -4.7%

-1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alumetal earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Alumetal's assets?
Raw Data
WSE:AML PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN34.16
WSE:AML Share Price * WSE (2019-02-15) in PLN PLN42.55
Poland Metals and Mining Industry PB Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 0.95x
Poland Market PB Ratio Median Figure of 691 Publicly-Listed Companies 1.03x
WSE:AML PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:AML Share Price ÷ Book Value per Share (both in PLN)

= 42.55 ÷ 34.16

1.25x

* Primary Listing of Alumetal.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alumetal is overvalued based on assets compared to the PL Metals and Mining industry average.
X
Value checks
We assess Alumetal's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Alumetal has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AML Future Performance

 How is Alumetal expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alumetal expected to grow at an attractive rate?
  • Alumetal's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Alumetal's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Alumetal's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:AML Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:AML Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -4.7%
WSE:AML Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.2%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 6.1%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:AML Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:AML Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,801 106 74 1
2020-12-31 1,809 97 76 4
2019-12-31 1,743 75 74 4
2018-12-31 1,674 91 81 4
WSE:AML Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 1,666 103 96
2018-06-30 1,600 95 91
2018-03-31 1,507 43 80
2017-12-31 1,456 40 71
2017-09-30 1,402 33 60
2017-06-30 1,351 16 61
2017-03-31 1,311 78 78
2016-12-31 1,272 86 90
2016-09-30 1,293 114 91
2016-06-30 1,345 147 103
2016-03-31 1,394 101 94
2015-12-31 1,442 70 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alumetal's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Alumetal's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:AML Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Alumetal Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:AML Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.62 3.62 3.62 1.00
2019-12-31 3.06 3.06 3.06 1.00
2018-12-31 4.52 4.52 4.52 1.00
WSE:AML Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 6.21
2018-06-30 5.85
2018-03-31 5.13
2017-12-31 4.57
2017-09-30 3.93
2017-06-30 3.96
2017-03-31 5.08
2016-12-31 5.88
2016-09-30 5.93
2016-06-30 6.77
2016-03-31 6.16
2015-12-31 4.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Alumetal is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alumetal's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alumetal has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AML Past Performance

  How has Alumetal performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Alumetal's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alumetal's year on year earnings growth rate has been positive over the past 5 years.
  • Alumetal's 1-year earnings growth exceeds its 5-year average (59.1% vs 11.9%)
  • Alumetal's earnings growth has exceeded the PL Metals and Mining industry average in the past year (59.1% vs 13.8%).
Earnings and Revenue History
Alumetal's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alumetal Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:AML Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,666.03 96.01 57.06
2018-06-30 1,599.84 90.62 55.08
2018-03-31 1,507.41 79.62 52.37
2017-12-31 1,456.24 70.69 51.19
2017-09-30 1,402.14 60.36 50.57
2017-06-30 1,350.97 60.73 49.74
2017-03-31 1,311.08 77.90 49.12
2016-12-31 1,271.84 89.94 48.08
2016-09-30 1,293.07 90.59 54.88
2016-06-30 1,345.45 103.14 53.86
2016-03-31 1,394.44 93.54 51.95
2015-12-31 1,441.89 74.73 51.02
2015-09-30 1,430.18 76.00 46.55
2015-06-30 1,371.13 62.33 45.73
2015-03-31 1,309.30 51.52 46.00
2014-12-31 1,235.31 58.90 44.47
2014-09-30 1,180.52 54.93 36.74
2014-06-30 1,162.42 53.26 35.07
2014-03-31 1,082.62 47.29 31.10
2013-12-31 1,015.29 35.83 28.23
2012-12-31 844.60 34.45 25.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Alumetal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alumetal used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Alumetal's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Alumetal's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alumetal has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AML Health

 How is Alumetal's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Alumetal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alumetal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alumetal's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Alumetal's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Alumetal Company Filings, last reported 4 months ago.

WSE:AML Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 528.71 139.22 18.22
2018-06-30 508.70 146.92 43.77
2018-03-31 529.70 140.17 8.71
2017-12-31 503.81 140.74 6.74
2017-09-30 480.79 139.33 5.62
2017-06-30 465.08 156.46 2.64
2017-03-31 492.89 106.52 5.92
2016-12-31 479.63 104.78 7.44
2016-09-30 421.88 107.18 9.54
2016-06-30 398.87 83.83 12.80
2016-03-31 409.86 65.13 25.61
2015-12-31 421.40 53.89 18.40
2015-09-30 361.17 64.26 2.16
2015-06-30 332.92 89.24 0.12
2015-03-31 335.94 73.60 4.78
2014-12-31 324.79 50.44 1.48
2014-09-30 306.57 62.06 0.36
2014-06-30 292.52 49.58 0.32
2014-03-31 281.66 63.09 2.04
2013-12-31 285.46 73.39 0.21
2012-12-31 249.22 75.42 1.15
  • Alumetal's level of debt (26.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.7% vs 26.3% today).
  • Debt is well covered by operating cash flow (74.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 49.2x coverage).
X
Financial health checks
We assess Alumetal's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alumetal has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AML Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.86%
Current annual income from Alumetal dividends. Estimated to be 7.86% next year.
If you bought PLN2,000 of Alumetal shares you are expected to receive PLN137 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Alumetal's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.5%).
  • Alumetal's dividend is below the markets top 25% of dividend payers in Poland (7.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:AML Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Poland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 209 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.5%
Poland Top 25% Dividend Yield 75th Percentile 7.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:AML Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.40 2.00
2019-12-31 3.31 3.00
2018-12-31 3.22 3.00
WSE:AML Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-04-09 2.920 6.297
2017-05-22 2.920 5.511
2016-03-14 2.550 4.340
2016-01-15 2.550 5.260
2015-03-12 1.950 3.737
2014-07-17 1.400 3.356

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Alumetal has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Alumetal only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Alumetal's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Alumetal's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alumetal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alumetal has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AML Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michal Wnorowski
TENURE AS CEO 1.1 years
CEO Bio

Mr. Michal Wnorowski has been President of the Management Board, CEO and Member of the Supervisory Board of Alumetal S.A. since 2018. Mr. Wnorowski has been involved in the financial market since 1995. In 2012-2016, Investment Director managing the portfolio of long-term shares of the PZU Group. Previously, a long-term director of the team of analyzes and ownership supervision in the PZU Group. He has experience in investment project management, market analysis, business analysis and value valuation as well as portfolio management. He also dealt with the issues of corporate restructuring and supervision. He was a member of supervisory board of Robyg, Elektrobudowa, Travelplanet.pl, EMC Instytut Medyczny, Armatura Kraków, ARM Property. He serves as a Member of the Supervisory Board at Braster S.A. He is an Independent member of supervisory boards of listed companies: Voxel, Enter Air, Arteria. He completed education at the Warsaw School of Economics and the Cracow University of Economics.

CEO Compensation
  • Insufficient data for Michal to compare compensation growth.
  • Insufficient data for Michal to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team Tenure

Average tenure of the Alumetal management team in years:

1.3
Average Tenure
  • The average tenure for the Alumetal management team is less than 2 years, this suggests a new team.
Management Team

Krzysztof Blasiak

TITLE
VP of Management Board & Development and Metal Management Director
AGE
49
TENURE
6.1 yrs

Przemyslaw Grzybek

TITLE
CFO & Member of Management Board
AGE
44

Agnieszka Drzyzdzyk

TITLE
Member of Management Board & Trade Director
TENURE
1.3 yrs

Michal Wnorowski

TITLE
President of Management Board
TENURE
1.1 yrs

Krzysztof Furtak

TITLE
Chief Accountant

Dariusz Biel

TITLE
Investor Relations Specialist
Board of Directors Tenure

Average tenure of the Alumetal board of directors in years:

1.1
Average Tenure
  • The average tenure for the Alumetal board of directors is less than 3 years, this suggests a new board.
Board of Directors

Grzegorz Stulgis

TITLE
Chairman of Supervisory Board
TENURE
11.1 yrs

Michal Wnorowski

TITLE
President of Management Board
TENURE
1.1 yrs

Szymon Adamczyk

TITLE
Member of Supervisory Board
AGE
49
TENURE
1.1 yrs

Frans Franciscus

TITLE
Member of Supervisory Board
TENURE
10.1 yrs

Pawel Malyska

TITLE
Member of Supervisory Board
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Alumetal's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alumetal has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AML News

Simply Wall St News

Should We Worry About Alumetal S.A.'s (WSE:AML) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use Alumetal S.A.'s (WSE:AML) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Why Alumetal S.A. (WSE:AML) Could Be Your Next Investment

is a company with great financial health as well as a. … Below, I've touched on some key aspects you should know on a high level … For those interested in understanding where the figures come from and want to see the analysis,

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What Percentage Of Alumetal S.A. (WSE:AML) Shares Do Insiders Own?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Let's take a closer look to see what the different types of shareholder can tell us about AML

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Is There An Opportunity With Alumetal SA's (WSE:AML) 37.29% Undervaluation?

I am going to run you through how I calculated the intrinsic value of Alumetal SA (WSE:AML). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

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What To Know Before Buying Alumetal SA (WSE:AML) For Its Dividend

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … In the last few years Alumetal SA (WSE:AML) has paid a dividend to shareholders. … Let's take a look at Alumetal in more detail.

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How Financially Strong Is Alumetal SA (WSE:AML)?

Alumetal SA (WSE:AML) is a small-cap stock with a market capitalization of zł673m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes.

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Who Owns Alumetal SA (WSE:AML)?

In this article, I will take a quick look at Alumetal SA’s (WSE:AML) recent ownership structure – an unconventional investing subject, but an important one. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine AML's ownership structure in more detail.

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What Does Alumetal SA's (WSE:AML) PE Ratio Tell You?

Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … What you need to know about the P/E ratio

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What does Alumetal SA's (WSE:AML) Balance Sheet Tell Us About Its Future?

Alumetal SA (WSE:AML) is a small-cap stock with a market capitalization of zł733.73m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

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Is Alumetal SA (WSE:AML) A Smart Pick For Income Investors?

In the past 4 years Alumetal SA (WSE:AML) has returned an average of 5.00% per year to investors in the form of dividend payouts. … 5 checks you should use to assess a dividend stock … If you are a dividend investor, you should always assess these five key metrics:

Simply Wall St -

AML Company Info

Map
Description

Alumetal S.A., together with its subsidiaries, manufactures and sells secondary aluminum casting alloys for the automotive market sector in Poland and internationally. It also offers master alloys in the form of waffle plates; aluminum for steel de-oxidation in the form of ingots; by-products, including scrap metals and wastes; and fluxes and salts. The company was founded in 1953 and is based in Kety, Poland.

Details
Name: Alumetal S.A.
AML
Exchange: WSE
Founded: 1953
PLN658,652,427
15,479,493
Website: http://www.alumetal.pl
Address: Alumetal S.A.
ul. Kosciuszki 111,
Kety,
32-650,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE AML Ordinary Shares Warsaw Stock Exchange PL PLN 17. Jul 2014
LSE 0QWL Ordinary Shares London Stock Exchange GB PLN 17. Jul 2014
Number of employees
Current staff
Staff numbers
699
Alumetal employees.
Industry
Aluminum
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/17 23:00
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.