Executive Summary
Cognor Holding S.A. produces and distributes steel products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with proven track record.
Similar Companies
Share Price & News
How has Cognor Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COG is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: COG's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.7%
COG
-5.4%
PL Metals and Mining
-3.0%
PL Market
1 Year Return
37.2%
COG
73.5%
PL Metals and Mining
-0.3%
PL Market
Return vs Industry: COG underperformed the Polish Metals and Mining industry which returned 74.2% over the past year.
Return vs Market: COG exceeded the Polish Market which returned -0.4% over the past year.
Shareholder returns
| COG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -5.4% | -3.0% |
| 30 Day | 15.7% | 6.8% | 2.7% |
| 90 Day | 55.3% | 47.5% | 16.8% |
| 1 Year | 37.2%37.2% | 75.1%73.5% | 0.7%-0.3% |
| 3 Year | 37.0%9.3% | 17.5%13.0% | -13.3%-18.5% |
| 5 Year | 241.4%172.3% | 195.1%172.3% | 26.2%11.9% |
Long-Term Price Volatility Vs. Market
How volatile is Cognor Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Think Cognor Holding (WSE:COG) Is Taking Some Risk With Its Debt1 month ago | Simply Wall St
Cognor Holding (WSE:COG) Has Gifted Shareholders With A Fantastic 142% Total Return On Their Investment1 month ago | Simply Wall St
Here's Why Cognor Holding's (WSE:COG) Statutory Earnings Are Arguably Too ConservativeValuation
Is Cognor Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COG (PLN1.77) is trading below our estimate of fair value (PLN3.85)
Significantly Below Fair Value: COG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COG is good value based on its PE Ratio (10.7x) compared to the PL Metals and Mining industry average (11.3x).
PE vs Market: COG is good value based on its PE Ratio (10.7x) compared to the Polish market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: COG is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: COG is good value based on its PB Ratio (0.8x) compared to the PL Metals and Mining industry average (1.1x).
Next Steps
Future Growth
How is Cognor Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
52.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COG's forecast earnings growth (52% per year) is above the savings rate (2.7%).
Earnings vs Market: COG's earnings (52% per year) are forecast to grow faster than the Polish market (17.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COG's revenue (2.2% per year) is forecast to grow slower than the Polish market (6% per year).
High Growth Revenue: COG's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if COG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cognor Holding performed over the past 5 years?
28.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COG has high quality earnings.
Growing Profit Margin: COG's current net profit margins (1.2%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: COG has become profitable over the past 5 years, growing earnings by 28.6% per year.
Accelerating Growth: COG's earnings growth over the past year (6.5%) is below its 5-year average (28.6% per year).
Earnings vs Industry: COG earnings growth over the past year (6.5%) exceeded the Metals and Mining industry -3.8%.
Return on Equity
High ROE: COG's Return on Equity (6.9%) is considered low.
Next Steps
Financial Health
How is Cognor Holding's financial position?
Financial Position Analysis
Short Term Liabilities: COG's short term assets (PLN488.5M) exceed its short term liabilities (PLN439.7M).
Long Term Liabilities: COG's short term assets (PLN488.5M) exceed its long term liabilities (PLN241.7M).
Debt to Equity History and Analysis
Debt Level: COG's debt to equity ratio (66.7%) is considered high.
Reducing Debt: COG's debt to equity ratio has reduced from 293.9% to 66.7% over the past 5 years.
Debt Coverage: COG's debt is well covered by operating cash flow (101.3%).
Interest Coverage: COG's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Cognor Holding current dividend yield, its reliability and sustainability?
6.78%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate COG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate COG'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 COG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: COG is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COG'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?
9.8yrs
Average board tenure
CEO
Przemyslaw Sztuczkowski
9.92yrs
Tenure
zł3,140,000
Compensation
Mr. Przemyslaw Sztuczkowski has been the Chief Executive Officer at Cognor Holding S.A. since February 18, 2011 and has been its President of Management Board since March 13, 2011. Mr. Sztuczkowski has bee...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 9.83yrs | zł72.00k | no data | |
| Secretary of the Supervisory Board & Independent Member of Supervisory Board | 15.58yrs | zł72.00k | no data | |
| Independent Member of Supervisory Board | 9.83yrs | zł72.00k | no data | |
| Independent Chairman of the Supervisory Board | no data | zł90.00k | no data | |
| Independent Vice Chairman of the Supervisory Board | no data | zł72.00k | no data |
9.8yrs
Average Tenure
71yo
Average Age
Experienced Board: COG's board of directors are considered experienced (9.8 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
Cognor Holding S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cognor Holding S.A.
- Ticker: COG
- Exchange: WSE
- Founded: 1946
- Industry: Steel
- Sector: Materials
- Market Cap: zł219.375m
- Shares outstanding: 123.94m
- Website: https://www.cognor.eu
Number of Employees
Location
- Cognor Holding S.A.
- ul. Zielona 26
- Poraj
- 42-360
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| COG | WSE (Warsaw Stock Exchange) | Yes | Ordinary Shares | PL | PLN | Apr 1997 |
| 0LSA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | PLN | Apr 1997 |
Biography
Cognor Holding S.A. produces and distributes steel products. The company offers flat plates and bars, slabs, round and square bars, reinforcing bars, T-profiles, equal and unequal side angles, billets with...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 18:01 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.