WSE:FER

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Ferrum S.A. manufactures and sells pipes for transmission media in Poland. More Details


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Ferrum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FER is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FER's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

FER

0.6%

PL Metals and Mining

-0.8%

PL Market


1 Year Return

-5.0%

FER

83.5%

PL Metals and Mining

2.0%

PL Market

Return vs Industry: FER underperformed the Polish Metals and Mining industry which returned 83.5% over the past year.

Return vs Market: FER underperformed the Polish Market which returned 2% over the past year.


Shareholder returns

FERIndustryMarket
7 Day-2.2%0.6%-0.8%
30 Day7.8%11.7%6.7%
90 Day1.1%50.2%17.1%
1 Year-5.0%-5.0%85.2%83.5%2.9%2.0%
3 Year-8.4%-8.4%21.9%17.3%-13.0%-18.3%
5 Year-2.7%-2.7%196.5%173.8%26.3%12.1%

Long-Term Price Volatility Vs. Market

How volatile is Ferrum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ferrum undervalued compared to its fair value and its price relative to the market?

1.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FER's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FER's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FER is unprofitable, so we can't compare its PE Ratio to the PL Metals and Mining industry average.

PE vs Market: FER is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FER's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FER is overvalued based on its PB Ratio (1.8x) compared to the PL Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is Ferrum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.8%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ferrum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Ferrum performed over the past 5 years?

27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FER is currently unprofitable.

Growing Profit Margin: FER is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FER is unprofitable, but has reduced losses over the past 5 years at a rate of 27.3% per year.

Accelerating Growth: Unable to compare FER's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FER is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-3.8%).


Return on Equity

High ROE: FER has a negative Return on Equity (-11.08%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ferrum's financial position?


Financial Position Analysis

Short Term Liabilities: FER's short term assets (PLN262.6M) do not cover its short term liabilities (PLN282.5M).

Long Term Liabilities: FER's short term assets (PLN262.6M) exceed its long term liabilities (PLN27.8M).


Debt to Equity History and Analysis

Debt Level: FER's debt to equity ratio (145.5%) is considered high.

Reducing Debt: FER's debt to equity ratio has increased from 86.3% to 145.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FER has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FER has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39% each year


Next Steps

Dividend

What is Ferrum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FER'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 FER's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FER's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FER'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?

4.9yrs

Average board tenure


CEO

Krzysztof Kasprzycki

no data

Tenure

zł216,000

Compensation

Mr. Krzysztof Kasprzycki serves as President of the Management Board at Ferrum Spólka Akcyjna and has been its Chief Executive Officer since January 2019 and was its Managing Director. He was Plant Directo...


Board Members

NamePositionTenureCompensationOwnership
Andrzej Kasperek
Member of the Supervisory Boardno datazł64.30kno data
Slawomir Bajor
Member of the Supervisory Boardno datazł32.40kno data
Tomasz Plaskura
Member of The Supervisory Board4.92yrszł32.40kno data
Boguslaw Lesnodorski
Chairman of The Supervisory Boardno datano datano data
Marek Warzecha
Member of Supervisory Boardno datazł40.40kno data
Marek Makowski
Member of The Supervisory Board5.08yrszł22.30kno data
Martyna Goncerz-Dachowska
Member of Supervisory Boardno datazł40.70kno data
Tomasz Slezak
Member of The Supervisory Board4.92yrszł41.20kno data
Marcin Mosz
Member of Supervisory Board4.92yrszł32.40kno data
Wieslaw Latala
Member of Supervisory Board2yrsno datano data
Mariusz Miroslawski
Supervisory Board Memberno datazł32.40kno data
Aleksander Wlezien
Member of Supervisory Boardno datano datano data

4.9yrs

Average Tenure

Experienced Board: FER's board of directors are considered experienced (4.9 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

Ferrum S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ferrum S.A.
  • Ticker: FER
  • Exchange: WSE
  • Founded: 1874
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł208.481m
  • Shares outstanding: 57.91m
  • Website: https://www.ferrum.com.pl

Number of Employees


Location

  • Ferrum S.A.
  • ul. Porcelanowa 11
  • Katowice
  • 40-246
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FERWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNJun 1997
0LUCLSE (London Stock Exchange)YesBearer SharesGBPLNJun 1997

Biography

Ferrum S.A. manufactures and sells pipes for transmission media in Poland. It offers high frequency welded-induction steel pipes; square, rectangular, and circular hollow sections; and helically and longit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:13
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.