Grupa Azoty
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 last earnings update was 103 days ago. More info.
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- Grupa Azoty has significant price volatility in the past 3 months.
ATT Share Price and Events
7 Day Returns
1 Year Returns
ATT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Grupa Azoty (ATT) | 6% | 28.6% | 50.7% | -26.5% | -51.3% | -15.9% |
| PL Chemicals | 5% | 19.6% | 36.8% | -20.4% | -36.3% | -12.2% |
| PL Market | -0.8% | -0.4% | 8.1% | -7% | 17.3% | -7.9% |
1 Year Return vs Industry and Market
- ATT underperformed the Chemicals industry which returned -20.4% over the past year.
- ATT underperformed the Market in Poland which returned -7% over the past year.
Price Volatility
Related Companies
Value
Is Grupa Azoty 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
Grupa Azoty
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Grupa Azoty.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.6% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year PL Govt Bond Rate | 2.9% |
| Equity Risk Premium | S&P Global | 7.2% |
| Chemicals Unlevered Beta | Simply Wall St/ S&P Global | 0.48 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.481 (1 + (1- 19%) (36.3%)) |
0.623 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.8 * 7.15%) |
8.57% |
Discounted Cash Flow Calculation for WSE:ATT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Grupa Azoty 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.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (PLN, Millions) | -588.03 | -606.00 | -265.50 | 412.50 | 686.00 |
| Source | Analyst x4 | Analyst x2 | Analyst x2 | Analyst x2 | Analyst x2 |
|
Present Value Discounted (@ 8.57%) |
-541.61 | -514.11 | -207.46 | 296.88 | 454.75 |
| Present value of next 5 years cash flows | PLN-511.54 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= PLN686.00 × (1 + 2.85%) ÷ (8.57% – 2.85%) |
PLN12,334.81 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= PLN12,334.81 ÷ (1 + 8.57%)5 |
PLN8,176.80 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= PLN-511.54 + PLN8,176.80 |
PLN7,665.26 |
| Equity Value per Share (PLN) |
= Total value / Shares Outstanding
= PLN7,665.26 / 99.20 |
PLN77.27 |
| Calculation | Result | |
|---|---|---|
| Value per share (PLN) | From above. | PLN77.27 |
| Current discount | Discount to share price of
PLN46.28
= -1 x (PLN46.28 - PLN77.27) / PLN77.27 |
40.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Grupa Azoty's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Grupa Azoty's share price is below the future cash flow value, and 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 Grupa Azoty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Grupa Azoty's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in PLN | PLN0.73 |
| WSE:ATT Share Price ** | WSE (2019-02-19) in PLN | PLN46.28 |
| Poland Chemicals Industry PE Ratio | Median Figure of 12 Publicly-Listed Chemicals Companies | 12.74x |
| Poland Market PE Ratio | Median Figure of 451 Publicly-Listed Companies | 10.56x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Grupa Azoty.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:ATT Share Price ÷ EPS (both in PLN) = 46.28 ÷ 0.73 |
63.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Grupa Azoty is overvalued based on earnings compared to the PL Chemicals industry average.
- Grupa Azoty is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does
Grupa Azoty's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 63.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
18.8%per year |
| Europe Chemicals Industry PEG Ratio | Median Figure of 61 Publicly-Listed Chemicals Companies | 2.04x |
| Poland Market PEG Ratio | Median Figure of 100 Publicly-Listed Companies | 1.12x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 63.63x ÷ 18.8% |
3.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Grupa Azoty is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Grupa Azoty's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in PLN | PLN67.71 |
| WSE:ATT Share Price * | WSE (2019-02-19) in PLN | PLN46.28 |
| Poland Chemicals Industry PB Ratio | Median Figure of 17 Publicly-Listed Chemicals Companies | 0.68x |
| Poland Market PB Ratio | Median Figure of 691 Publicly-Listed Companies | 1.02x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:ATT Share Price ÷ Book Value per Share (both in PLN) = 46.28 ÷ 67.71 |
0.68x |
* Primary Listing of Grupa Azoty.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Grupa Azoty is overvalued based on assets compared to the PL Chemicals industry average.
Value checks
We assess Grupa Azoty's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) Grupa Azoty has a total score of 2/6, 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.
Future Performance
How is Grupa Azoty expected to perform in the next 1 to 3 years based on estimates from 5 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!
Earnings growth vs Low Risk Savings
- Grupa Azoty's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
- Grupa Azoty's earnings growth is expected to exceed the Poland market average.
- Grupa Azoty's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WSE:ATT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 18.8% |
| WSE:ATT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 4.8% |
| Poland Chemicals Industry Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Poland Chemicals Industry Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 12,842 | 2 | ||
| 2022-12-31 | 12,458 | 1,433 | 299 | 2 |
| 2021-12-31 | 11,806 | 1,158 | 248 | 2 |
| 2020-12-31 | 11,651 | 1,124 | 378 | 5 |
| 2019-12-31 | 11,372 | 943 | 295 | 5 |
| 2018-12-31 | 9,933 | 807 | 168 | 4 |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 9,731 | 1,178 | 72 |
| 2018-06-30 | 9,602 | 1,224 | 245 |
| 2018-03-31 | 9,406 | 1,003 | 398 |
| 2017-12-31 | 9,595 | 1,114 | 457 |
| 2017-09-30 | 9,376 | 878 | 385 |
| 2017-06-30 | 9,180 | 830 | 321 |
| 2017-03-31 | 9,154 | 803 | 261 |
| 2016-12-31 | 8,944 | 1,115 | 302 |
| 2016-09-30 | 9,102 | 1,163 | 448 |
| 2016-06-30 | 9,499 | 1,359 | 518 |
| 2016-03-31 | 9,620 | 1,391 | 601 |
| 2015-12-31 | 9,975 | 1,630 | 605 |
*GAAP earnings excluding extraordinary items.
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 5 Analyst Estimates (S&P Global) | See Below |
All data from Grupa Azoty Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 3.00 | 3.00 | 3.00 | 1.00 |
| 2021-12-31 | 2.50 | 2.50 | 2.50 | 1.00 |
| 2020-12-31 | 3.12 | 3.72 | 2.53 | 3.00 |
| 2019-12-31 | 2.81 | 3.42 | 2.07 | 3.00 |
| 2018-12-31 | 1.94 | 2.44 | 1.19 | 3.00 |
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.73 |
| 2018-06-30 | 2.47 |
| 2018-03-31 | 4.01 |
| 2017-12-31 | 4.60 |
| 2017-09-30 | 3.88 |
| 2017-06-30 | 3.11 |
| 2017-03-31 | 2.63 |
| 2016-12-31 | 3.04 |
| 2016-09-30 | 4.51 |
| 2016-06-30 | 5.44 |
| 2016-03-31 | 6.05 |
| 2015-12-31 | 6.09 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Grupa Azoty's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Grupa Azoty has a total score of 2/6, 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.
Past Performance
How has Grupa Azoty 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
Past Earnings growth analysis
- Grupa Azoty's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Grupa Azoty's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Grupa Azoty's 1-year earnings growth is negative, it can't be compared to the PL Chemicals industry average.
Earnings and Revenue History
All data from Grupa Azoty Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 9,730.98 | 72.14 | 1,441.63 | |
| 2018-06-30 | 9,602.38 | 244.80 | 1,441.79 | |
| 2018-03-31 | 9,405.87 | 397.54 | 1,416.67 | |
| 2017-12-31 | 9,595.04 | 456.66 | 1,431.32 | |
| 2017-09-30 | 9,376.38 | 384.96 | 1,401.41 | |
| 2017-06-30 | 9,179.96 | 321.34 | 1,368.00 | |
| 2017-03-31 | 9,154.40 | 260.81 | 1,408.48 | |
| 2016-12-31 | 8,944.35 | 301.87 | 1,396.73 | |
| 2016-09-30 | 9,102.20 | 447.70 | 1,390.02 | |
| 2016-06-30 | 9,499.01 | 517.83 | 1,412.21 | |
| 2016-03-31 | 9,619.68 | 600.53 | 1,375.78 | |
| 2015-12-31 | 9,975.46 | 604.55 | 1,366.79 | |
| 2015-09-30 | 10,030.29 | 491.23 | 1,373.41 | |
| 2015-06-30 | 9,902.76 | 422.44 | 1,358.60 | |
| 2015-03-31 | 9,994.76 | 371.56 | 1,346.30 | |
| 2014-12-31 | 9,865.37 | 232.10 | 1,321.12 | |
| 2014-09-30 | 9,656.85 | 170.17 | 1,288.10 | |
| 2014-06-30 | 9,614.02 | 161.84 | 1,240.74 | |
| 2014-03-31 | 9,807.37 | 434.89 | 1,203.83 | |
| 2013-12-31 | 9,787.92 | 677.50 | 1,148.63 | |
| 2013-09-30 | 9,041.32 | 756.11 | 964.00 | |
| 2013-06-30 | 8,512.38 | 771.29 | 843.14 | |
| 2013-03-31 | 7,851.81 | 511.93 | 680.40 | |
| 2012-12-31 | 7,079.98 | 294.38 | 572.69 | |
| 2012-09-30 | 7,556.57 | 493.81 | 581.60 | |
| 2012-06-30 | 7,173.60 | 582.15 | 545.68 | |
| 2012-03-31 | 6,216.77 | 554.98 | 516.33 |
*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.
- Grupa Azoty has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Grupa Azoty used its assets less efficiently than the PL Chemicals industry average last year based on Return on Assets.
- Grupa Azoty's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Grupa Azoty's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Grupa Azoty has a total score of 0/6, 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.
Health
How is Grupa Azoty'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 Grupa Azoty's finances.
The net worth of a company is the difference between its assets and liabilities.
- Grupa Azoty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Grupa Azoty's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2x 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.
All data from Grupa Azoty Company Filings, last reported 4 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 7,334.82 | 1,666.22 | 890.01 |
| 2018-06-30 | 7,439.05 | 1,707.62 | 1,098.41 |
| 2018-03-31 | 7,621.03 | 1,706.72 | 1,048.77 |
| 2017-12-31 | 7,443.41 | 1,677.92 | 1,339.57 |
| 2017-09-30 | 7,411.90 | 1,608.12 | 977.50 |
| 2017-06-30 | 7,345.03 | 1,594.38 | 951.72 |
| 2017-03-31 | 7,402.84 | 1,613.81 | 1,165.46 |
| 2016-12-31 | 7,039.47 | 1,508.93 | 1,222.74 |
| 2016-09-30 | 7,347.11 | 1,535.26 | 1,265.51 |
| 2016-06-30 | 7,355.12 | 1,323.86 | 1,145.86 |
| 2016-03-31 | 7,418.53 | 1,338.24 | 1,391.30 |
| 2015-12-31 | 6,911.45 | 1,239.17 | 1,251.86 |
| 2015-09-30 | 6,998.31 | 1,177.89 | 1,178.98 |
| 2015-06-30 | 6,912.43 | 1,064.52 | 911.76 |
| 2015-03-31 | 6,783.30 | 1,103.66 | 1,063.25 |
| 2014-12-31 | 6,488.14 | 1,083.78 | 627.09 |
| 2014-09-30 | 6,473.83 | 946.89 | 715.64 |
| 2014-06-30 | 6,462.91 | 962.14 | 640.80 |
| 2014-03-31 | 6,423.35 | 1,106.73 | 736.46 |
| 2013-12-31 | 6,270.55 | 1,336.82 | 819.85 |
| 2013-09-30 | 6,267.03 | 912.65 | 711.51 |
| 2013-06-30 | 6,193.55 | 785.12 | 756.97 |
| 2013-03-31 | 6,255.94 | 507.31 | 714.67 |
| 2012-12-31 | 3,490.70 | 515.55 | 262.52 |
| 2012-09-30 | 3,454.85 | 393.35 | 327.33 |
| 2012-06-30 | 3,413.48 | 275.38 | 419.47 |
| 2012-03-31 | 3,327.78 | 430.60 | 372.94 |
- Grupa Azoty's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (14.6% vs 22.7% today).
- Debt is well covered by operating cash flow (70.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
Financial health checks
We assess Grupa Azoty's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Grupa Azoty has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Grupa Azoty'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
If you bought
PLN2,000 of
Grupa Azoty
shares you are expected to receive
PLN54
in your first year as a dividend.
Dividend Amount
- Grupa Azoty's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.54%).
- Grupa Azoty's dividend is below the markets top 25% of dividend payers in Poland (7.71%).
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.
| 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 5 Analyst Estimates (S&P Global) | See Below |
| Poland Chemicals Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 6% |
| Poland Market Average Dividend Yield | Market Cap Weighted Average of 208 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.
| Date (Data in PLN) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.00 | 1.00 |
| 2021-12-31 | 0.46 | 1.00 |
| 2020-12-31 | 0.31 | 5.00 |
| 2019-12-31 | 0.27 | 5.00 |
| 2018-12-31 | 1.23 | 3.00 |
| Date (Data in PLN) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-06-28 | 1.250 | 3.723 |
| 2017-08-24 | 0.790 | 1.288 |
| 2017-04-28 | 0.790 | 1.176 |
| 2016-05-11 | 0.840 | 1.250 |
| 2015-11-09 | 0.000 | 0.000 |
| 2015-08-26 | 0.000 | 0.000 |
| 2014-11-13 | 0.200 | 0.265 |
| 2014-08-14 | 0.200 | 0.307 |
| 2014-05-15 | 0.200 | 0.266 |
| 2014-03-24 | 0.200 | 0.334 |
| 2013-08-30 | 1.500 | 2.325 |
| 2013-03-21 | 1.500 | 2.200 |
| 2011-07-15 | 0.000 | 0.000 |
| 2011-05-13 | 0.000 | 0.000 |
| 2011-03-21 | 0.000 | 0.000 |
| 2011-01-17 | 0.000 | 0.000 |
| 2010-11-12 | 0.000 | 0.000 |
| 2009-11-16 | 1.020 | 6.278 |
| 2009-04-30 | 1.020 | 6.319 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Grupa Azoty's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Grupa Azoty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Grupa Azoty 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.
Management
CEO
| TENURE AS CEO | 2.2 years |
CEO Bio
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 Management Board at Grupa Azoty S.A. December 16, 2016. He has been a Supervisory Board Chairman at Bank Ochrony Srodowiska SA since 2016. Dr. Wardacki Education: PhD degree in economics. Career path: • 1983 to 1995: Assistant, later Assistant lecturer, with Institute of Transport Economics, initially with Szczecin Technical University, and as of Sep 1985, with Szczecin University. • 1989 to 1990: Research Worker, on a DAAD grant with University of Cologne Institute of Transport (Germany). • 1994 to 1996: own business, owned a Marketing Analysis and Study centre in Szczecin. • 1995 to 1996: Lecturer, with Higher School of Public Administration in Szczecin. • 1996 to Apr. 2005: Administration & Economics Head, Administration & Finance Director and eventually Management Board Member, with Goleniowskie Fabryki Mebli Kollektion WIM Sp. z o.o. in Golenis. • May 2005 to Aug 2006: Management Board Member in charge of restructuring with Zaklady Chemiczne Zachem S.A. in Bydgoszcz, and as of Oct 2005, Management Board President Director General. • Aug 2006 to Oct 2008: Management Board Member with Ciech S.A. in Warsaw. • Nov 2008 to Oct 2009: No professional engagement following no-competition clause in contract of employment with Ciech S.A. • 2010 to Dec 2014: own business, business counselling and lobbying. Further: • 1997 to 1998: Secretary to Advisory Group on Polish Rail company [PKP] restructuring programme evaluation to Management Board President of PKP. • 1998: Chairman, PKP Council. • 1999 to 2000: Member, PKP Council. • 2005 to 2008: Supervisory Board Member, later Supervisory Board Chairman, with “Transclean” Sp. z o.o. in Bydgoszcz. • 2006 to 2008: Supervisory Board Chairman, with “Janikosoda” S.A. in Janikowo. • 2006 to 2008: Supervisory Board Deputy Chairman, with “Soda Matwy” S.A. in Inowroclaw. • 2006 to 2008: Supervisory Board Member, with Gdanskie Zaklady Nawozs Fosforowych Sp. z o.o. in Gdansk. • 2007 to 2008: Supervisory Board Chairman, with Zachem S.A. in Bydgoszcz.
CEO Compensation
- Insufficient data for Wojciech to compare compensation growth.
- Insufficient data for Wojciech to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team Tenure
Average tenure of the Grupa Azoty management team in years:
- The tenure for the Grupa Azoty management team is about average.
Management Team
Witold Szczypinski
VP of Management Board & Director General
PLN1M
4.1 yrs
Pawel Lapinski
Vice-President of Management Board
PLN463K
2.8 yrs
Artur Kopec
Member of Management Board
PLN750K
7 yrs
Zbigniew Paprocki
Supervisory Board Secretary & Member of Supervisory Board
PLN318K
3.1 yrs
Wojciech Wardacki
President of Management Board
2.2 yrs
Grzegorz Kadzielawski
Vice-President of the Management Board
1.7 yrs
Mariusz Grab
Vice President of the Management Board
0.8 yrs
Ewa Gladysz
Head of Corporate Finance Department
Jerzy Koziara
Managing Director of Corporate Management and Personnel Policy Department
Board of Directors Tenure
Average tenure of the Grupa Azoty board of directors in years:
- The average tenure for the Grupa Azoty board of directors is less than 3 years, this suggests a new board.
Board of Directors
Tomasz Karusewicz
Supervisory Board Chairman
PLN146K
Michal Gabryel
Deputy Chairman of the Supervisory Board
1.1 yrs
Zbigniew Paprocki
Supervisory Board Secretary & Member of Supervisory Board
PLN318K
8.3 yrs
Robert Kapka
Member of Supervisory Board
PLN423K
5.7 yrs
Bartlomiej Litwinczuk
Member of Supervisory Board
PLN128K
3 yrs
Ireneusz Purgacz
Member of Supervisory Board
Roman Romaniszyn
Member of Supervisory Board
PLN160K
2.6 yrs
Monika Fill
Member of Supervisory Board
Piotr Czajkowski
Member of Supervisory Board
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Grupa Azoty's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Grupa Azoty 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.
News
Simply Wall St News
What Should Investors Know About Grupa Azoty SA's (WSE:ATT) Capital Returns?
and looking to gauge the potential return on investment in Grupa Azoty SA (WSE:ATT). … Grupa Azoty stock represents an ownership share in the company. … Thus, to understand how your money can grow by investing in Grupa Azoty, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleWhy I Like Grupa Azoty SA (WSE:ATT)
Grupa Azoty SA (WSE:ATT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … report on Grupa Azoty here
Simply Wall St - – Full articleGrupa Azoty SA (WSE:ATT): A Look At Return On Capital
and want a simplistic look at the return on Grupa Azoty SA (WSE:ATT) stock. … To understand Grupa Azoty’s capital returns we will look at a useful metric called return on capital employed. … Grupa Azoty's Return On Capital Employed
Simply Wall St - – Full articleIs Grupa Azoty SA (WSE:ATT) A Financially Sound Company?
However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleShould Income Investors Buy Grupa Azoty SA (WSE:ATT) Before Its Ex-Dividend?
Important news for shareholders and potential investors in Grupa Azoty SA (WSE:ATT): The dividend payment of zł1.25 per share will be distributed into shareholder on 08 August 2018, and the stock will begin trading ex-dividend at an earlier date, 24 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Grupa Azoty's latest financial data to analyse its dividend characteristics. … 5 questions I ask before picking a dividend stock?
Simply Wall St - – Full articleA Look At The Intrinsic Value Of Grupa Azoty SA (WSE:ATT)
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs It Time To Sell Grupa Azoty SA (WSE:ATT) Based Off Its PE Ratio?
slightly lower than the 13.36x average multiple of the Chemicals. … However, a static multiple such as PE is never conclusive on its own. … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for
Simply Wall St - – Full articleDoes Grupa Azoty SA's (WSE:ATT) Recent Track Record Look Strong?
Today I will take a look at Grupa Azoty SA's (WSE:ATT) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the chemicals industry performed. … See our latest analysis for Grupa Azoty? … ATT's trailing twelve-month earnings (from 31 March 2018) of zł397.54m has
Simply Wall St - – Full articleWhat Are Analysts Saying About Grupa Azoty SA's (WSE:ATT) Future Margins?
Grupa Azoty SA (WSE:ATT) to … in earnings of -4.69% annualised … over the couple of years ahead,
Simply Wall St - – Full articleWhy Grupa Azoty SA.'s (WSE:ATT) ROE Of 5.53% Does Not Tell The Whole Story
View our latest analysis for Grupa Azoty What you must know about ROE Return on Equity (ROE) is a measure of Grupa Azoty’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Grupa Azoty’s equity capital deployed. … This means Grupa Azoty’s returns actually do not cover its own cost of equity, with a discrepancy of -3.13%.
Simply Wall St - – Full articleCompany Info
Map
Description
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 operates through Fertilizers-Agro, Plastics, Chemical, Energy, and Other Activities segments. It provides nitrogen fertilizers, nitrogen fertilizers with sulfur content, compound fertilizers, phospho-nitrogenous fertilizers, ammonium nitrate, calcium ammonium nitrate, concentrated nitric acid, and technical gases; engineering plastics, including polyamide 6, POM, PP, PBT, PPC, PA66, and caprolactam, as well as polyamide 11 and 12 tubes, polyethylene tubes, polyamide 6 tubes, and food grade polyamide casings; and chemicals comprising oxo alcohols, plasticizers, melamine, and tytanpol, as well as special solutions based on urea and ammonia. The company also manufactures and sells catalysts, such as iron-chromium catalyst, copper catalysts, and iron catalysts, as well as for production of ammonia, hydrogen, and synthesis gas; RedNOx, organic, and non-organic chemicals; and liquid, granulated, powder, and insoluble sulphur, as well as sulphur pastilles. In addition, it produces and sells heat and electricity for chemical installations; and provides a range of services, including environmental protection, water and wastewater management, laboratory, logistics, administration, research, and infrastructure management services, as well as rents properties. The company was formerly known as Zaklady Azotowe w Tarnowie-Moscicach Spólka Akcyjna and changed its name to Grupa Azoty Spólka Akcyjna in April 2013. Grupa Azoty S.A. is based in Tarnów, Poland.
Details
| Name: | Grupa Azoty S.A. |
| ATT | |
| Exchange: | WSE |
| Founded: | |
| PLN4,590,766,999 | |
| 99,195,484 | |
| Website: | http://www.grupaazoty.com |
| Address: |
Grupa Azoty S.A. ul. Kwiatkowskiego 8, Tarnów, 33-101, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | ATT | Bearer Shares | Warsaw Stock Exchange | PL | PLN | 30. Jun 2008 | |
| LSE | 0NS1 | Bearer Shares | London Stock Exchange | GB | PLN | 30. Jun 2008 |
Number of employees
Current staff
Industry
| Fertilizers and Agricultural Chemicals | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/19 22:15 |
| End of day share price update: | 2019/02/19 00:00 |
| Last estimates confirmation: | 2019/02/12 |
| Last earnings filing: | 2018/11/08 |
| 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.
