WSE:JSW

Stock Analysis Report

Jastrzebska Spólka Weglowa

Executive Summary

Jastrzebska Spólka Weglowa S.A. extracts, produces, and sells coal, coke, and hydrocarbons.

Snowflake

Fundamentals

Undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Jastrzebska Spólka Weglowa's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.5%

JSW

1.1%

PL Metals and Mining

1.2%

PL Market


1 Year Return

-71.0%

JSW

-27.1%

PL Metals and Mining

-3.7%

PL Market

Return vs Industry: JSW underperformed the Polish Metals and Mining industry which returned -27.1% over the past year.

Return vs Market: JSW underperformed the Polish Market which returned -3.7% over the past year.


Shareholder returns

JSWIndustryMarket
7 Day2.5%1.1%1.2%
30 Day-29.0%-8.7%-2.9%
90 Day-51.9%-20.6%-6.8%
1 Year-69.4%-71.0%-25.3%-27.1%-0.8%-3.7%
3 Year-70.0%-71.6%-20.3%-24.2%11.5%3.5%
5 Year-24.7%-28.7%-25.2%-30.8%-0.9%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Jastrzebska Spólka Weglowa undervalued compared to its fair value and its price relative to the market?

41.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: JSW (PLN20.5) is trading below our estimate of fair value (PLN35.02)

Significantly Undervalued: JSW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JSW is good value based on its PE Ratio (2x) compared to the Metals and Mining industry average (6.1x).

PE vs Market: JSW is good value based on its PE Ratio (2x) compared to the Polish market (9.9x).


Price to Earnings Growth Ratio

Low PEG Ratio: JSW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: JSW is good value based on its PB Ratio (0.3x) compared to the PL Metals and Mining industry average (0.7x).


Next Steps

Future Growth

How is Jastrzebska Spólka Weglowa forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-43.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JSW's earnings are forecast to decline over the next 3 years (-43.8% per year).

Earnings vs Market: JSW's earnings are forecast to decline over the next 3 years (-43.8% per year).

High Growth Earnings: JSW's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JSW's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: JSW's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: JSW's Return on Equity is forecast to be low in 3 years time (2.1%).


Next Steps

Past Performance

How has Jastrzebska Spólka Weglowa performed over the past 5 years?

50.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JSW has become profitable over the past 5 years, growing earnings by 50.2% per year.

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

Earnings vs Industry: JSW had negative earnings growth (-45.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-2%).


Return on Equity

High ROE: JSW's Return on Equity (13.6%) is considered low.


Return on Assets

ROA vs Industry: JSW has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: JSW's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Jastrzebska Spólka Weglowa's financial position?


Financial Position Analysis

Short Term Liabilities: JSW's short term assets (PLN3.2B) exceeds its short term liabilities (PLN3.2B)

Long Term Liabilities: JSW's short term assets (3.2B) exceeds its long term liabilities (2.2B)


Debt to Equity History and Analysis

Debt Level: JSW's debt to equity ratio (2.8%) is considered satisfactory

Reducing Debt: JSW's debt to equity ratio has increased from 2.4% to 2.8% over the past 5 years.

Debt Coverage: JSW's debt is well covered by operating cash flow (794.2%).

Interest Coverage: JSW's interest payments on its debt are well covered by EBIT (37.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: JSW's debt is covered by short term assets (assets are 12.850000x debt).


Next Steps

  • Explore more healthy companies in the Materials industry.

Dividend

What is Jastrzebska Spólka Weglowa's current dividend yield, its reliability and sustainability?

8.34%

Current Dividend Yield


Dividend Yield vs Market

company8.3%marketbottom25%2.6%markettop25%7.2%industryaverage7.4%forecastin3Years6.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JSW's dividend (8.34%) is higher than the bottom 25% of dividend payers in the Polish market (2.56%).

High Dividend: JSW's dividend (8.34%) is in the top 25% of dividend payers in the Polish market (7.2%)

Stable Dividend: JSW has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: JSW has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), JSW's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JSW's dividends in 3 years are forecast to be covered by earnings (85% payout ratio).


Next Steps

Management

What is the CEO of Jastrzebska Spólka Weglowa's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Wlodzimierz Herezniak 0

0.8yrs

Tenure

0

Mr. Wlodzimierz Herezniak is Chairman of Management Board at Jastrzebska Spólka Weglowa S.A. since 2019. He was Chief Executive Officer of Jastrzebska Spolka Weglowa SA. Mr. Herezniak serves as a Member of ...


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: JSW's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

Experienced Board: JSW's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

  • Wlodzimierz Herezniak

    Chairman of Management Board

    • Tenure: 0.8yrs
  • Tadeusz Gicala

    Director of the Legal Office

    • Tenure: 0yrs
  • Artur Wojtków

    Vice Chairman of the Management Board for Labour & Social Policy

    • Tenure: 10.2yrs
    • Compensation: zł600.00k
  • Robert Kudelski

    Secretary & Supervisory Board Member

    • Tenure: 7.4yrs
    • Compensation: zł52.85k
  • Pawel Warzecha

    Head of Investors Relation Office

    • Tenure: 0yrs
  • Artur Dyczko

    Vice-Chairman of the Management Board for Strategy & Development

    • Tenure: 2.2yrs
    • Compensation: zł600.00k
  • Tomasz Sledz

    Vice-President of the Management Board for Technical Matters

    • Tenure: 2yrs
    • Compensation: zł600.00k
  • Adam Manka

    Department Director & Chief Accountant

    • Tenure: 0yrs
  • Rafal Pasieka

    Deputy President of the Management Board for Trade

    • Tenure: 0.8yrs
  • Radoslaw Zalozinski

    Vice-Chairman of the Management Board for Economic

    • Tenure: 0.8yrs

Board Members

  • Alojzy Nowak

    Supervisory Board Member

    • Tenure: 7.4yrs
    • Compensation: zł52.85k
  • Robert Kudelski

    Secretary & Supervisory Board Member

    • Tenure: 7.4yrs
    • Compensation: zł52.85k
  • Halina Buk

    Chairwoman of the Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: zł57.39k
  • Arkadiusz Wypych

    Member of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: zł50.43k
  • Pawel Bieszczad

    Member of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: zł26.86k
  • Tadeusz Kubiczek

    Member of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: zł26.86k
  • Konrad Balcerski

    Member of Supervisory Board

    • Tenure: 1yrs
    • Compensation: zł10.23k
  • Jolanta Górska

    Member of Supervisory Board

    • Tenure: 0.6yrs
  • Stanislaw Prusek

    Member of Supervisory Board

    • Tenure: 0.8yrs
  • Robert Tomanek

    Supervisory Board Member

    • Tenure: 0.8yrs

Company Information

Jastrzebska Spólka Weglowa S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jastrzebska Spólka Weglowa S.A.
  • Ticker: JSW
  • Exchange: WSE
  • Founded: 1993
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł2.407b
  • Shares outstanding: 117.41m
  • Website: https://www.jsw.pl

Number of Employees


Location

  • Jastrzebska Spólka Weglowa S.A.
  • Aleja Jana Pawla II 4
  • Jastrzebie-Zdrój
  • 44-330
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JSWWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNJul 2011
0Q45LSE (London Stock Exchange)YesCommon SharesGBPLNJul 2011
J2SDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2011

Biography

Jastrzebska Spólka Weglowa S.A. extracts, produces, and sells coal, coke, and hydrocarbons. It consists of four mines producing coking coal and steam coal: Borynia-Zofiówka-Jastrzebie, Budryk, Knurów-Szczy ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 21:25
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.