Executive Summary
Ciech S.A., a chemical company, manufactures and sells various chemical products in Poland, other European Union countries, other European countries, Africa, Asia, and internationally.
Snowflake
Fundamentals
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Ciech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
CIE
3.8%
PL Chemicals
1.9%
PL Market
1 Year Return
-22.1%
CIE
2.0%
PL Chemicals
0.2%
PL Market
Return vs Industry: CIE underperformed the Polish Chemicals industry which returned 2% over the past year.
Return vs Market: CIE underperformed the Polish Market which returned 0.2% over the past year.
Shareholder returns
| CIE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 3.8% | 1.9% |
| 30 Day | -8.9% | -1.8% | 0.5% |
| 90 Day | -22.2% | -17.8% | -5.7% |
| 1 Year | -22.1%-22.1% | 4.2%2.0% | 3.3%0.2% |
| 3 Year | -41.7%-48.9% | -35.3%-40.9% | 12.3%4.3% |
| 5 Year | -5.0%-21.1% | -24.3%-33.0% | 0.2%-12.0% |
Price Volatility Vs. Market
How volatile is Ciech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is Ciech S.A.'s (WSE:CIE) ROE Of 1.0% Concerning?1 month ago | Simply Wall St
Is Ciech S.A. (WSE:CIE) Trading At A 29% Discount?2 months ago | Simply Wall St
Introducing Ciech (WSE:CIE), The Stock That Dropped 45% In The Last Three YearsValuation
Is Ciech undervalued compared to its fair value and its price relative to the market?
36.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CIE (PLN32.1) is trading below our estimate of fair value (PLN50.15)
Significantly Below Fair Value: CIE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CIE is poor value based on its PE Ratio (81.7x) compared to the Chemicals industry average (13.5x).
PE vs Market: CIE is poor value based on its PE Ratio (81.7x) compared to the Polish market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: CIE is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: CIE is overvalued based on its PB Ratio (0.9x) compared to the PL Chemicals industry average (0.8x).
Next Steps
Future Growth
How is Ciech forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
29.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CIE's forecast earnings growth (29.1% per year) is above the savings rate (2.9%).
Earnings vs Market: CIE's earnings (29.1% per year) are forecast to grow faster than the Polish market (10.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CIE's revenue (3.3% per year) is forecast to grow slower than the Polish market (5.8% per year).
High Growth Revenue: CIE's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CIE's Return on Equity is forecast to be low in 3 years time (12.9%).
Next Steps
Past Performance
How has Ciech performed over the past 5 years?
2.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CIE's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: CIE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CIE had negative earnings growth (-94.8%) over the past year, making it difficult to compare to the Chemicals industry average (-1.9%).
Return on Equity
High ROE: CIE's Return on Equity (1%) is considered low.
Return on Assets
ROA vs Industry: CIE's Return on Assets is below or equal to the Chemicals industry average last year.
Return on Capital Employed
ROCE Improving: CIE's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Ciech's financial position?
Financial Position Analysis
Short Term Liabilities: CIE's short term assets (PLN1.3B) exceeds its short term liabilities (PLN922.0M)
Long Term Liabilities: CIE's short term assets (1.3B) do not cover its long term liabilities (2.0B)
Debt to Equity History and Analysis
Debt Level: CIE's debt to equity ratio (86.6%) is considered high
Reducing Debt: CIE's debt to equity ratio has reduced from 134.3% to 86.6% over the past 5 years.
Debt Coverage: CIE's debt is well covered by operating cash flow (20.4%).
Interest Coverage: CIE's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: CIE has a high level of physical assets or inventory.
Debt Coverage by Assets: CIE's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Ciech's current dividend yield, its reliability and sustainability?
4.00%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate CIE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CIE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if CIE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CIE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: CIE is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CIE'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 Ciech's salary, the management and board of directors tenure and is there insider trading?
1.1yrs
Average management tenure
CEO
Dawid Jakubowicz 0
1.1yrs
Tenure
Mr. Dawid Jakubowicz serves as a Board Member at Kulczyk Investments S.A. He has been President of Management Board at CIECH S.A. December 5, 2018. He served as Member of the Supervisory Board of CIECH S.A ...
Management Age and Tenure
1.1yrs
Average Tenure
Experienced Management: CIE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
5.3yrs
Average Tenure
Experienced Board: CIE's board of directors are considered experienced (5.3 years average tenure).
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
Management Team
Artur Osuchowski
Member of the Management Board
- Tenure: 11.5yrs
Katarzyna Rybacka
Chief Accountant
- Tenure: 0yrs
Dawid Jakubowicz
President of the Management Board
- Tenure: 1.1yrs
Miroslaw Skowron
Member of the Management Board
- Tenure: 1.1yrs
Board Members
Piotr Augustyniak (54yo)
Member of the Supervisory Board
- Tenure: 5.3yrs
Mariusz Nowak
Member of the Supervisory Board
- Tenure: 5.3yrs
Sebastian Kulczyk
Chairman of the Supervisory Board
- Tenure: 4yrs
- Compensation: zł38.00k
Tomasz Mikolajczak
Deputy Chairman of the Supervisory Board
- Tenure: 5.3yrs
Artur Olech
Member of the Supervisory Board
- Tenure: 5.3yrs
Marek Kosnik
Member of the Supervisory Board
- Tenure: 0.8yrs
Company Information
Ciech S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ciech S.A.
- Ticker: CIE
- Exchange: WSE
- Founded: 1945
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: zł1.692b
- Shares outstanding: 52.70m
- Website: https://www.ciechgroup.com
Number of Employees
Location
- Ciech S.A.
- ul. Wspólna 62
- Warsaw
- 00-684
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CIE | WSE (Warsaw Stock Exchange) | Yes | Ordinary Bearer Shares | PL | PLN | Feb 2005 |
| 0LS7 | LSE (London Stock Exchange) | Yes | Ordinary Bearer Shares | GB | PLN | Feb 2005 |
| CHX | DB (Deutsche Boerse AG) | Yes | Ordinary Bearer Shares | DE | EUR | Feb 2005 |
Biography
Ciech S.A., a chemical company, manufactures and sells various chemical products in Poland, other European Union countries, other European countries, Africa, Asia, and internationally. It operates through ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 20:48 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.