WSE:KTY

Stock Analysis Report

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Executive Summary

Grupa Kety S.A., through its subsidiaries, manufactures and sells aluminum products in Poland and internationally. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KTY is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KTY's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.8%

KTY

-5.4%

PL Metals and Mining

-3.0%

PL Market


1 Year Return

40.1%

KTY

73.5%

PL Metals and Mining

-0.3%

PL Market

Return vs Industry: KTY underperformed the Polish Metals and Mining industry which returned 74.2% over the past year.

Return vs Market: KTY exceeded the Polish Market which returned -0.4% over the past year.


Shareholder returns

KTYIndustryMarket
7 Day-2.8%-5.4%-3.0%
30 Day6.3%6.8%2.7%
90 Day7.2%47.5%16.8%
1 Year51.4%40.1%75.1%73.5%0.7%-0.3%
3 Year51.3%20.5%17.5%13.0%-13.3%-18.5%
5 Year156.1%79.3%195.1%172.3%26.2%11.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KTY (PLN493) is trading above our estimate of fair value (PLN388.59)

Significantly Below Fair Value: KTY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KTY is poor value based on its PE Ratio (12x) compared to the PL Metals and Mining industry average (11.3x).

PE vs Market: KTY is good value based on its PE Ratio (12x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KTY is overvalued based on its PB Ratio (3.2x) compared to the PL Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is Grupa Kety forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KTY's earnings are forecast to decline over the next 3 years (-5.5% per year).

Earnings vs Market: KTY's earnings are forecast to decline over the next 3 years (-5.5% per year).

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

Revenue vs Market: KTY's revenue (1.7% per year) is forecast to grow slower than the Polish market (6% per year).

High Growth Revenue: KTY's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KTY's Return on Equity is forecast to be high in 3 years time (22.5%)


Next Steps

Past Performance

How has Grupa Kety performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KTY has high quality earnings.

Growing Profit Margin: KTY's current net profit margins (11.6%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: KTY's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: KTY's earnings growth over the past year (34.9%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: KTY earnings growth over the past year (34.9%) exceeded the Metals and Mining industry -3.8%.


Return on Equity

High ROE: KTY's Return on Equity (26.6%) is considered high.


Next Steps

Financial Health

How is Grupa Kety's financial position?


Financial Position Analysis

Short Term Liabilities: KTY's short term assets (PLN1.4B) exceed its short term liabilities (PLN1.0B).

Long Term Liabilities: KTY's short term assets (PLN1.4B) exceed its long term liabilities (PLN459.7M).


Debt to Equity History and Analysis

Debt Level: KTY's debt to equity ratio (39.9%) is considered satisfactory.

Reducing Debt: KTY's debt to equity ratio has increased from 26.9% to 39.9% over the past 5 years.

Debt Coverage: KTY's debt is well covered by operating cash flow (105.8%).

Interest Coverage: KTY's interest payments on its debt are well covered by EBIT (31.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Grupa Kety current dividend yield, its reliability and sustainability?

7.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KTY's dividend (7.1%) is higher than the bottom 25% of dividend payers in the Polish market (1.57%).

High Dividend: KTY's dividend (7.1%) is in the top 25% of dividend payers in the Polish market (5.1%)


Stability and Growth of Payments

Stable Dividend: KTY's dividend payments have been volatile in the past 10 years.

Growing Dividend: KTY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.9%), KTY's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KTY's dividends in 3 years are forecast to be covered by earnings (88.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Dariusz Mañko (52 yo)

15.42yrs

Tenure

zł3,128,736

Compensation

Mr. Dariusz Mañko has been the Chief Executive Officer and President of the Management Board at Grupa Kety SA. since August 3, 2005. From 1999 to 2005, Mr. Mañko served as the President of the Management B...


CEO Compensation Analysis

Compensation vs Market: Dariusz's total compensation ($USD833.66K) is above average for companies of similar size in the Polish market ($USD638.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Dariusz Mañko
President of the Management Board & CEO15.42yrszł3.13mno data
Rafal Warpechowski
Finance Director & Member of Management Board1.25yrszł154.15kno data
Piotr Wysocki
Member of the Management Board3yrszł1.46mno data
Tomasz Grela
Member of the Management Board3yrszł798.52kno data
Rafal Lechowicz
President of the Management Board - Alupol Packaging & CEO of Alupol Packagingno datazł697.02kno data
Michal Malina
Head of Investor Relationsno datazł297.47kno data
Zbigniew Paruch
Chief PR Officerno datano datano data

3.0yrs

Average Tenure

51yo

Average Age

Experienced Management: KTY's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Piotr Stepniak
Independent Chairman of Supervisory Board0.42yrzł123.77kno data
Przemyslaw Rasz
Independent Member of Supervisory Board0.42yrno datano data
Pawel Niedziolka
Independent Member of Supervisory Board7yrszł154.71kno data
Wojciech Golak
Independent Member of Supervisory Board0.42yrno datano data
Piotr Kaczmarek
Independent Vice Chairman of Supervisory Board0.42yrzł123.77kno data
Agnieszka Zalewska
Independent Member of Supervisory Board0.42yrno datano data

0.4yrs

Average Tenure

Experienced Board: KTY's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Grupa Kety S.A.
  • Ticker: KTY
  • Exchange: WSE
  • Founded: 1953
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: zł4.747b
  • Shares outstanding: 9.63m
  • Website: https://www.grupakety.com

Number of Employees


Location

  • Grupa Kety S.A.
  • 111 Kosciuszki Street
  • Kety
  • 32-650
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KTYWSE (Warsaw Stock Exchange)YesRegistered SharesPLPLNJan 1996
0LV3LSE (London Stock Exchange)YesRegistered SharesGBPLNJan 1996
GQ2DB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1996

Biography

Grupa Kety S.A., through its subsidiaries, manufactures and sells aluminum products in Poland and internationally. It operates through three segments: Extruded Products, Aluminum Systems, and Flexible Pack...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:05
End of Day Share Price2021/01/15 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.