WSE:IZB

Stock Analysis Report

Executive Summary

IZOBLOK S.A. processes and sells expanded polypropylene (EPP) components in Europe.

Rewards

Trading at 94.5% below its fair value

Risk Analysis

Earnings have declined by -19.98% per year over past 5 years

Has a high level of debt

Highly volatile share price over past 3 months

Does not have a meaningful market cap (PLN41M)



Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IZB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.5%

IZB

0.3%

PL Chemicals

-0.09%

PL Market


1 Year Return

17.9%

IZB

-28.6%

PL Chemicals

-7.7%

PL Market

Return vs Industry: IZB exceeded the Polish Chemicals industry which returned -28.6% over the past year.

Return vs Market: IZB exceeded the Polish Market which returned -7.6% over the past year.


Shareholder returns

IZBIndustryMarket
7 Day-12.5%0.3%-0.09%
30 Day-22.7%-3.1%-1.8%
90 Day3.2%-1.9%-1.0%
1 Year17.9%17.9%-26.1%-28.6%-4.9%-7.7%
3 Year-82.1%-82.1%-42.1%-47.7%-4.4%-11.2%
5 Year-49.5%-49.5%-32.0%-40.7%3.0%-10.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is IZOBLOK 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: IZB (PLN32.3) is trading below our estimate of fair value (PLN585.15)

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


Price To Earnings Ratio

PE vs Industry: IZB is good value based on its PE Ratio (9.3x) compared to the Chemicals industry average (13.5x).

PE vs Market: IZB is good value based on its PE Ratio (9.3x) compared to the Polish market (11.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IZB is good value based on its PB Ratio (0.4x) compared to the PL Chemicals industry average (0.7x).


Next Steps

Future Growth

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

-4.1%

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 IZOBLOK 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 IZOBLOK performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IZB has high quality earnings.

Growing Profit Margin: IZB's current net profit margins (2.1%) are lower than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: IZB's earnings have declined by -20% per year over the past 5 years.

Accelerating Growth: IZB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IZB had negative earnings growth (-21.1%) over the past year, making it difficult to compare to the Chemicals industry average (38.4%).


Return on Equity

High ROE: IZB's Return on Equity (4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is IZOBLOK's financial position?


Financial Position Analysis

Short Term Liabilities: IZB's short term assets (PLN72.4M) exceed its short term liabilities (PLN29.0M).

Long Term Liabilities: IZB's short term assets (PLN72.4M) exceed its long term liabilities (PLN58.5M).


Debt to Equity History and Analysis

Debt Level: IZB's debt to equity ratio (42.9%) is considered high.

Reducing Debt: Insufficient data to determine if IZB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: IZB's debt is well covered by operating cash flow (65.1%).

Interest Coverage: IZB's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet

Inventory Level: IZB has a high level of physical assets or inventory.

Debt Coverage by Assets: IZB's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is IZOBLOK's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.7%industryaverage5.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate IZB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IZB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IZB'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 IZB'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?

zł1m

CEO Compensation


CEO

Przemyslaw Skrzydlak 0

zł1,019,759

Compensation

Mr. Przemyslaw Skrzydlak has been the President of the Management Board at IZO-BLOK Spolka Akcyjna since April 18, 2011 and serves as its Chief Executive Officer and served as its Managing Director. Mr. Sk ...


CEO Compensation Analysis

Compensation vs Market: Przemyslaw's total compensation ($USD260.41K) is above average for companies of similar size in the Polish market ($USD157.18K).

Compensation vs Earnings: Przemyslaw's compensation has been consistent with company performance over the past year.


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

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


Key Information

  • Name: IZOBLOK S.A.
  • Ticker: IZB
  • Exchange: WSE
  • Founded: 1998
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: zł40.924m
  • Shares outstanding: 1.27m
  • Website: https://www.izoblok.pl

Location

  • IZOBLOK S.A.
  • ul. Kluczborska 11
  • Chorzów
  • 41-503
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IZBWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 2011
0RKSLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNDec 2011

Biography

IZOBLOK S.A. processes and sells expanded polypropylene (EPP) components in Europe. The company's EPP products are used in the automotive and logistics industries primarily as construction and protective components. It serves OEMs and tier 1 groups. The company was founded in 1998 and is based in Chorzów, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/15 21:53
End of Day Share Price2020/02/14 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.