WSE:ATT

Stock Analysis Report

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Executive Summary

Grupa Azoty S.A. manufactures and sells mineral fertilizers, engineering plastics, OXO products, and other chemicals in Poland, Germany, South America, Asia, other European Union countries, and others. More Details


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ATT is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ATT's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-4.8%

ATT

1.9%

PL Chemicals

-0.8%

PL Market


1 Year Return

1.5%

ATT

10.5%

PL Chemicals

2.0%

PL Market

Return vs Industry: ATT underperformed the Polish Chemicals industry which returned 10.5% over the past year.

Return vs Market: ATT matched the Polish Market which returned 2% over the past year.


Shareholder returns

ATTIndustryMarket
7 Day-4.8%1.9%-0.8%
30 Day9.2%13.2%6.7%
90 Day33.5%17.8%17.1%
1 Year1.5%1.5%12.6%10.5%2.9%2.0%
3 Year-59.3%-60.5%-35.3%-41.4%-13.0%-18.3%
5 Year-70.6%-72.1%-45.2%-52.2%26.3%12.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATT (PLN27.9) is trading below our estimate of fair value (PLN30.67)

Significantly Below Fair Value: ATT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ATT is good value based on its PE Ratio (12.9x) compared to the PL Chemicals industry average (15.8x).

PE vs Market: ATT is good value based on its PE Ratio (12.9x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: ATT is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: ATT is good value based on its PB Ratio (0.4x) compared to the PL Chemicals industry average (0.9x).


Next Steps

Future Growth

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

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATT's forecast earnings growth (12.2% per year) is above the savings rate (2.7%).

Earnings vs Market: ATT's earnings (12.2% per year) are forecast to grow slower than the Polish market (17.6% per year).

High Growth Earnings: ATT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ATT's revenue (4.9% per year) is forecast to grow slower than the Polish market (6% per year).

High Growth Revenue: ATT's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATT's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has Grupa Azoty performed over the past 5 years?

-20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATT has high quality earnings.

Growing Profit Margin: ATT's current net profit margins (2.1%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: ATT's earnings have declined by 20.7% per year over the past 5 years.

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

Earnings vs Industry: ATT had negative earnings growth (-42.7%) over the past year, making it difficult to compare to the Chemicals industry average (-1.4%).


Return on Equity

High ROE: ATT's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Grupa Azoty's financial position?


Financial Position Analysis

Short Term Liabilities: ATT's short term assets (PLN4.0B) exceed its short term liabilities (PLN3.6B).

Long Term Liabilities: ATT's short term assets (PLN4.0B) do not cover its long term liabilities (PLN4.8B).


Debt to Equity History and Analysis

Debt Level: ATT's debt to equity ratio (44.8%) is considered high.

Reducing Debt: ATT's debt to equity ratio has increased from 16.5% to 44.8% over the past 5 years.

Debt Coverage: ATT's debt is well covered by operating cash flow (72.2%).

Interest Coverage: ATT's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: ATT is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Tomasz Hinc

0.083

Tenure

zł480,000

Compensation

Mr. Tomasz Hinc serves as President of the Management Board and Chief Executive Officer at Grupa Azoty S.A. since December 1, 2020. He was Vice-President of the Management Board at Grupa Azoty Spólka Akcyj...


CEO Compensation Analysis

Compensation vs Market: Tomasz's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD485.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Witold Szczypinski
VP of the Management Board & Director General6yrszł1.38mno data
Grzegorz Kadzielawski
Vice-President of the Management Board3.58yrszł990.63kno data
Mariusz Grab
Vice President of Management Board0.083yrzł708.30kno data
Tomasz Hryniewicz
Vice President of the Management Board1.5yrszł323.20kno data
Artur Kopec
Member of the Management Board8.92yrszł888.75kno data
Zbigniew Paprocki
Supervisory Board Secretary & Member of the Supervisory Board7.58yrszł331.10kno data
Tomasz Hinc
President of the Management Board & CEO0.083yrzł480.00kno data
Filip Grzegorczyk
Vice President of the Management Board0.083yrno datano data
Piotr Kolodziej
Head of the Corporate Finance Departmentno datano datano data
Joanna Barnas
Investor Relations Managerno datano datano data
Jerzy Koziara
Managing Director of Corporate Management and Personnel Policy Departmentno datano datano data
Artur Kaminski
Vice President of Management Board - Grupa Azoty Kedzierzynno datano datano data

2.5yrs

Average Tenure

Experienced Management: ATT's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zbigniew Paprocki
Supervisory Board Secretary & Member of the Supervisory Board7.58yrszł331.10kno data
Piotr Czajkowski
Member of the Supervisory Board3.42yrszł157.60kno data
Robert Kapka
Member of the Supervisory Board7.58yrszł414.00kno data
Bartlomiej Litwinczuk
Member of the Supervisory Board4.92yrszł171.60kno data
Roman Romaniszyn
Member of the Supervisory Board4.5yrszł264.10kno data
Monika Fill
Member of the Supervisory Board4.08yrszł157.30kno data
Michal Gabryel
Deputy Chairman of the Supervisory Board3yrszł171.60kno data
Marcin Pawlicki
Chairman of the Supervisory Board1.58yrszł126.20kno data
Pawel Bielski
Member of the Supervisory Board1.92yrszł118.30kno data
Slawomir Lipkowski
President of the Board of Grupa Azoty Kedzierzynno datano datano data

4.1yrs

Average Tenure

Experienced Board: ATT's board of directors are considered experienced (4.1 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 Azoty S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grupa Azoty S.A.
  • Ticker: ATT
  • Exchange: WSE
  • Founded: NaN
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: zł2.837b
  • Shares outstanding: 99.20m
  • Website: https://www.grupaazoty.com

Number of Employees


Location

  • Grupa Azoty S.A.
  • ul. Kwiatkowskiego 8
  • Tarnów
  • 33-101
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATTWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNJun 2008
0NS1LSE (London Stock Exchange)YesBearer SharesGBPLNJun 2008

Biography

Grupa Azoty S.A. manufactures and sells mineral fertilizers, engineering plastics, OXO products, and other chemicals in Poland, Germany, South America, Asia, other European Union countries, and others. The...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:07
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
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.