Grupa Azoty S.A.

WSE:ATT Stock Report

Market Cap: zł1.8b

Grupa Azoty Valuation

Is ATT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ATT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ATT (PLN17.76) is trading below our estimate of fair value (PLN61.84)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ATT?

Key metric: As ATT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ATT. This is calculated by dividing ATT's market cap by their current revenue.
What is ATT's PS Ratio?
PS Ratio0.1x
Saleszł12.91b
Market Capzł1.76b

Price to Sales Ratio vs Peers

How does ATT's PS Ratio compare to its peers?

The above table shows the PS ratio for ATT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
ZAP Zaklady Azotowe Pulawy
0.2xn/azł802.8m
PCR PCC Rokita
0.7x5.6%zł1.3b
PCE Grupa Azoty Zaklady Chemiczne Police
0.3xn/azł844.4m
SKA Fabryka Farb i Lakierów Sniezka
1.3x7.7%zł1.0b
ATT Grupa Azoty
0.1x8.1%zł1.8b

Price-To-Sales vs Peers: ATT is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does ATT's PS Ratio compare vs other companies in the European Chemicals Industry?

27 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.0x4.4%
ATT Grupa Azoty
 0.1x8.1%US$431.25m
ATT 0.1xIndustry Avg. 1.0xNo. of Companies30PS01.22.43.64.86+
27 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.0x21.0%
ATT Grupa Azoty
 0.1x77.4%US$431.25m
No more companies

Price-To-Sales vs Industry: ATT is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Chemicals industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is ATT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ATT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: ATT is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ATT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł17.76
zł21.60
+21.6%
13.7%zł25.00zł17.00n/a5
Dec ’25zł19.14
zł21.60
+12.9%
13.7%zł25.00zł17.00n/a5
Nov ’25zł20.66
zł22.16
+7.2%
9.6%zł25.00zł19.40n/a5
Oct ’25zł20.18
zł21.45
+6.3%
8.2%zł23.46zł19.40n/a4
Sep ’25zł17.78
zł21.46
+20.7%
8.3%zł23.50zł19.40n/a4
Aug ’25zł17.82
zł21.46
+20.4%
8.3%zł23.50zł19.40n/a4
Jul ’25zł20.20
zł21.46
+6.2%
8.3%zł23.50zł19.40n/a4
Jun ’25zł22.10
zł21.86
-1.1%
6.5%zł23.50zł20.00n/a4
May ’25zł22.00
zł22.40
+1.8%
9.7%zł25.70zł20.00n/a4
Apr ’25zł22.30
zł22.40
+0.4%
9.7%zł25.70zł20.00n/a4
Mar ’25zł23.30
zł22.40
-3.9%
9.7%zł25.70zł20.00n/a4
Feb ’25zł24.10
zł22.40
-7.1%
9.7%zł25.70zł20.00n/a4
Jan ’25zł24.70
zł23.43
-5.1%
12.8%zł27.03zł20.00n/a4
Dec ’24zł22.56
zł24.06
+6.6%
11.1%zł27.03zł20.00zł19.144
Nov ’24zł22.00
zł25.91
+17.8%
18.7%zł33.10zł20.00zł20.664
Oct ’24zł24.62
zł27.16
+10.3%
13.4%zł33.10zł23.50zł20.184
Sep ’24zł25.30
zł27.16
+7.3%
13.4%zł33.10zł23.50zł17.784
Aug ’24zł26.74
zł28.11
+5.1%
10.7%zł33.10zł25.00zł17.824
Jul ’24zł26.22
zł28.11
+7.2%
10.7%zł33.10zł25.00zł20.204
Jun ’24zł25.60
zł28.11
+9.8%
10.7%zł33.10zł25.00zł22.104
May ’24zł32.14
zł34.98
+8.8%
18.8%zł43.10zł27.03zł22.003
Apr ’24zł35.88
zł34.98
-2.5%
18.8%zł43.10zł27.03zł22.303
Mar ’24zł39.36
zł34.97
-11.2%
18.8%zł43.10zł27.00zł23.303
Feb ’24zł43.60
zł34.78
-20.2%
19.6%zł43.10zł26.44zł24.103
Jan ’24zł39.48
zł34.78
-11.9%
19.6%zł43.10zł26.44zł24.703
Dec ’23zł37.20
zł44.06
+18.4%
32.1%zł62.00zł26.44zł22.564

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 10:10
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Grupa Azoty S.A. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lukasz ProkopiukDom Maklerski Banku Ochrony Srodowiska S.A.
Jakub SzkopekErste Group Bank AG
Henning EsskuchenErste Group Bank AG