WSE:ATT

Stock Analysis Report

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.

Snowflake

Fundamentals

Undervalued with proven track record.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.5%

ATT

-2.0%

PL Chemicals

-1.8%

PL Market


1 Year Return

-1.0%

ATT

-8.0%

PL Chemicals

-3.3%

PL Market

Return vs Industry: ATT exceeded the Polish Chemicals industry which returned -8% over the past year.

Return vs Market: ATT matched the Polish Market which returned -3.3% over the past year.


Shareholder returns

ATTIndustryMarket
7 Day-5.5%-2.0%-1.8%
30 Day-5.5%-3.4%-1.0%
90 Day-14.6%-8.0%1.9%
1 Year-1.0%-1.0%-5.0%-8.0%-0.2%-3.3%
3 Year-45.2%-47.4%-34.2%-40.5%12.4%4.1%
5 Year-46.1%-48.8%-25.4%-34.7%0.9%-11.5%

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?

42.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATT (PLN32.04) is trading below our estimate of fair value (PLN55.66)

Significantly Below Fair Value: ATT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATT is good value based on its PE Ratio (7.7x) compared to the Chemicals industry average (11.3x).

PE vs Market: ATT is good value based on its PE Ratio (7.7x) compared to the Polish market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: ATT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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 (0.7x).


Next Steps

Future Growth

How is Grupa Azoty forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATT's earnings are forecast to decline over the next 3 years (-2.8% per year).

Earnings vs Market: ATT's earnings are forecast to decline over the next 3 years (-2.8% per year).

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

Revenue vs Market: ATT's revenue (2.3% per year) is forecast to grow slower than the Polish market (5.7% per year).

High Growth Revenue: ATT's revenue (2.3% 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 (4.3%).


Next Steps

Past Performance

How has Grupa Azoty performed over the past 5 years?

-11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATT has high quality earnings.

Growing Profit Margin: ATT's current net profit margins (3.6%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: ATT's earnings have declined by -11.7% per year over the past 5 years.

Accelerating Growth: ATT's earnings growth over the past year (474.1%) exceeds its 5-year average (-11.7% per year).

Earnings vs Industry: ATT earnings growth over the past year (474.1%) exceeded the Chemicals industry 33.1%.


Return on Equity

High ROE: ATT's Return on Equity (5.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Grupa Azoty's financial position?


Financial Position Analysis

Short Term Liabilities: ATT's short term assets (PLN4.3B) exceeds its short term liabilities (PLN2.8B)

Long Term Liabilities: ATT's short term assets (PLN4.3B) do not cover its long term liabilities (4.3B)


Debt to Equity History and Analysis

Debt Level: ATT's debt to equity ratio (40.4%) is considered high.

Reducing Debt: ATT's debt to equity ratio has increased from 14.2% to 40.4% over the past 5 years.

Debt Coverage: ATT's debt is well covered by operating cash flow (53.6%).

Interest Coverage: ATT's interest payments on its debt are well covered by EBIT (12.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: ATT's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

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

0.12%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.7%markettop25%7.4%industryaverage5.8%forecastin3Years0.1%

Current dividend yield vs market & industry

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

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

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

3.2yrs

Average management tenure


CEO

Wojciech Wardacki 0

2.9yrs

Tenure

zł835,000

Compensation

Dr. Wojciech Piotr Wardacki has served as the President of the Management Board and Chief Executive Officer at Grupa Azoty Zaklady Chemiczne Police S.A. since April 7, 2016. He has been President of Manage ...


CEO Compensation Analysis

Compensation vs Market: Wojciech's total compensation ($USD214.96K) is about average for companies of similar size in the Polish market ($USD159.24K).

Compensation vs Earnings: Insufficient data to compare Wojciech's compensation with company performance.


Management Age and Tenure

3.2yrs

Average Tenure

Experienced Management: ATT's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

2.8yrs

Average Tenure

Experienced Board: ATT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Witold Szczypinski

    VP of Management Board & Director General

    • Tenure: 4.8yrs
    • Compensation: zł707.00k
  • Wojciech Wardacki

    President of Management Board

    • Tenure: 2.9yrs
    • Compensation: zł835.00k
  • Ewa Gladysz

    Head of Corporate Finance Department

    • Tenure: 0yrs
  • Zbigniew Paprocki

    Supervisory Board Secretary & Member of Supervisory Board

    • Tenure: 9yrs
    • Compensation: zł333.00k
  • Artur Kopec

    Member of Management Board

    • Tenure: 7.8yrs
    • Compensation: zł489.00k
  • Pawel Lapinski

    Vice-President of Management Board

    • Tenure: 3.5yrs
    • Compensation: zł728.00k
  • Grzegorz Kadzielawski

    Vice-President of the Management Board

    • Tenure: 2.4yrs
    • Compensation: zł714.00k
  • Mariusz Grab

    Vice President of the Management Board

    • Tenure: 1.5yrs
    • Compensation: zł358.00k
  • Joanna Barnas

    Investor Relations Manager

    • Tenure: 0yrs
  • Tomasz Hryniewicz

    Vice President of the Management Board

    • Tenure: 0.4yrs

Board Members

  • Piotr Czajkowski

    Member of Supervisory Board

    • Tenure: 2.3yrs
    • Compensation: zł156.00k
  • Zbigniew Paprocki

    Supervisory Board Secretary & Member of Supervisory Board

    • Tenure: 9yrs
    • Compensation: zł333.00k
  • Robert Kapka

    Member of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: zł458.00k
  • Bartlomiej Litwinczuk

    Member of Supervisory Board

    • Tenure: 3.8yrs
    • Compensation: zł169.00k
  • Roman Romaniszyn

    Member of Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: zł260.00k
  • Monika Fill

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł157.00k
  • Michal Gabryel

    Deputy Chairman of the Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: zł171.00k
  • Marcin Pawlicki

    Member of Supervisory Board

    • Tenure: 0.8yrs
  • Pawel Bielski

    Member of Supervisory Board

    • Tenure: 0.8yrs
  • Slawomir Lipkowski

    President of the Board of Grupa Azoty Kedzierzyn

    • Tenure: 0yrs

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:
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: zł3.178b
  • 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 Analysis2019/11/21 20:59
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
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.