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Grupa Kety

WSE:KTY
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KTY
WSE
PLN3B
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Grupa Kety S.A., through its subsidiaries, manufactures and sells aluminum products in Poland and internationally. The last earnings update was 24 days ago. More info.


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KTY Share Price and Events
7 Day Returns
0.3%
WSE:KTY
-0.4%
PL Metals and Mining
-0.9%
PL Market
1 Year Returns
-5.5%
WSE:KTY
-16%
PL Metals and Mining
-7.4%
PL Market
KTY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupa Kety (KTY) 0.3% 1% -4.7% -5.5% 2.5% 58.8%
PL Metals and Mining -0.4% -10.8% -6.3% -16% 41.3% -9.5%
PL Market -0.9% -7.5% -6.6% -7.4% 9.6% -11.5%
1 Year Return vs Industry and Market
  • KTY outperformed the Metals and Mining industry which returned -16% over the past year.
  • KTY outperformed the Market in Poland which returned -7.4% over the past year.
Price Volatility
KTY
Industry
5yr Volatility vs Market

Value

 Is Grupa Kety undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grupa Kety to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grupa Kety.

WSE:KTY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:KTY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.041 (1 + (1- 19%) (27.85%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.185 * 7.14%)
11.31%

Discounted Cash Flow Calculation for WSE:KTY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grupa Kety is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:KTY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 11.31%)
2019 143.00 Analyst x3 128.47
2020 221.40 Analyst x5 178.69
2021 288.46 Analyst x5 209.16
2022 309.98 Analyst x5 201.93
2023 315.25 Analyst x4 184.50
2024 321.67 Est @ 2.04% 169.13
2025 329.00 Est @ 2.28% 155.41
2026 337.07 Est @ 2.45% 143.04
2027 345.73 Est @ 2.57% 131.81
2028 354.91 Est @ 2.65% 121.56
Present value of next 10 years cash flows PLN1,623.69
WSE:KTY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN354.91 × (1 + 2.85%) ÷ (11.31% – 2.85%)
PLN4,314.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN4,314.86 ÷ (1 + 11.31%)10
PLN1,477.87
WSE:KTY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN1,623.69 + PLN1,477.87
PLN3,101.57
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN3,101.57 / 9.55
PLN324.93
WSE:KTY Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN324.93
Current discount Discount to share price of PLN343.00
= -1 x (PLN343.00 - PLN324.93) / PLN324.93
-5.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Grupa Kety is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grupa Kety's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupa Kety's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:KTY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN28.59
WSE:KTY Share Price ** WSE (2019-05-17) in PLN PLN343
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.25x
Poland Market PE Ratio Median Figure of 462 Publicly-Listed Companies 10.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grupa Kety.

WSE:KTY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:KTY Share Price ÷ EPS (both in PLN)

= 343 ÷ 28.59

12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupa Kety is overvalued based on earnings compared to the PL Metals and Mining industry average.
  • Grupa Kety is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Grupa Kety's expected growth come at a high price?
Raw Data
WSE:KTY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
2.9%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 11 Publicly-Listed Metals and Mining Companies 0.61x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

WSE:KTY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12x ÷ 2.9%

4.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupa Kety is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grupa Kety's assets?
Raw Data
WSE:KTY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN153.21
WSE:KTY Share Price * WSE (2019-05-17) in PLN PLN343
Poland Metals and Mining Industry PB Ratio Median Figure of 18 Publicly-Listed Metals and Mining Companies 0.75x
Poland Market PB Ratio Median Figure of 688 Publicly-Listed Companies 0.97x
WSE:KTY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:KTY Share Price ÷ Book Value per Share (both in PLN)

= 343 ÷ 153.21

2.24x

* Primary Listing of Grupa Kety.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupa Kety is overvalued based on assets compared to the PL Metals and Mining industry average.
X
Value checks
We assess Grupa Kety's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Grupa Kety has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Grupa Kety expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupa Kety expected to grow at an attractive rate?
  • Grupa Kety's earnings growth is positive but not above the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Grupa Kety's earnings growth is positive but not above the Poland market average.
  • Grupa Kety's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:KTY Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:KTY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 2.9%
WSE:KTY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.7%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -3.3%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average -0.7%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:KTY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:KTY Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,798 444 290 2
2022-12-31 3,701 440 280 2
2021-12-31 3,615 421 270 3
2020-12-31 3,413 370 257 6
2019-12-31 3,166 329 241 5
WSE:KTY Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 3,111 357 273
2018-12-31 3,007 293 268
2018-09-30 2,909 291 248
2018-06-30 2,814 299 242
2018-03-31 2,731 317 235
2017-12-31 2,658 276 237
2017-09-30 2,548 280 245
2017-06-30 2,465 251 254
2017-03-31 2,364 262 278
2016-12-31 2,281 315 278
2016-09-30 2,255 330 282
2016-06-30 2,162 360 261

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grupa Kety's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Grupa Kety's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:KTY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Grupa Kety Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:KTY Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 29.50 29.50 29.50 1.00
2022-12-31 28.40 28.40 28.40 1.00
2021-12-31 27.60 27.60 27.60 1.00
2020-12-31 27.20 27.90 26.50 2.00
2019-12-31 26.00 26.80 25.20 2.00
WSE:KTY Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 28.59
2018-12-31 28.12
2018-09-30 26.05
2018-06-30 25.47
2018-03-31 24.78
2017-12-31 24.95
2017-09-30 25.81
2017-06-30 26.81
2017-03-31 29.43
2016-12-31 29.40
2016-09-30 29.81
2016-06-30 27.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Grupa Kety is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Grupa Kety's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grupa Kety has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Grupa Kety performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grupa Kety's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grupa Kety's year on year earnings growth rate has been positive over the past 5 years.
  • Grupa Kety's 1-year earnings growth exceeds its 5-year average (15.9% vs 9.1%)
  • Grupa Kety's earnings growth has not exceeded the PL Metals and Mining industry average in the past year (15.9% vs 17.7%).
Earnings and Revenue History
Grupa Kety's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grupa Kety Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:KTY Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,111.17 272.88 684.12
2018-12-31 3,007.19 268.23 664.39
2018-09-30 2,908.56 248.26 653.01
2018-06-30 2,814.12 242.35 628.55
2018-03-31 2,730.83 235.49 613.82
2017-12-31 2,658.48 236.87 595.51
2017-09-30 2,548.42 244.69 580.73
2017-06-30 2,465.12 253.95 572.39
2017-03-31 2,363.78 278.50 552.60
2016-12-31 2,280.60 277.89 540.12
2016-09-30 2,254.84 281.66 524.61
2016-06-30 2,161.76 260.56 497.44
2016-03-31 2,092.51 228.78 475.29
2015-12-31 2,039.21 209.81 456.85
2015-09-30 1,992.63 181.53 440.38
2015-06-30 1,940.15 178.31 429.39
2015-03-31 1,883.50 173.38 422.45
2014-12-31 1,830.56 169.03 407.20
2014-09-30 1,778.48 195.22 372.86
2014-06-30 1,741.99 177.01 360.64
2014-03-31 1,682.90 167.25 340.84
2013-12-31 1,604.77 153.48 340.85
2013-09-30 1,565.78 121.15 353.53
2013-06-30 1,556.76 121.16 359.09
2013-03-31 1,565.83 110.12 361.65
2012-12-31 1,582.05 117.05 350.28
2012-09-30 1,588.60 130.27 334.41
2012-06-30 1,556.39 120.30 324.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Grupa Kety has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grupa Kety used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Grupa Kety has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grupa Kety's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grupa Kety has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Grupa Kety's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grupa Kety's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grupa Kety is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grupa Kety's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grupa Kety's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grupa Kety Company Filings, last reported 1 month ago.

WSE:KTY Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,463.39 911.85 158.57
2018-12-31 1,397.04 875.06 100.78
2018-09-30 1,342.10 892.19 106.72
2018-06-30 1,265.75 710.16 129.22
2018-03-31 1,406.31 647.45 64.87
2017-12-31 1,363.38 669.44 79.03
2017-09-30 1,321.57 487.74 97.09
2017-06-30 1,238.06 434.78 65.02
2017-03-31 1,465.37 491.95 77.03
2016-12-31 1,405.36 472.41 75.17
2016-09-30 1,352.17 449.77 123.58
2016-06-30 1,264.79 375.76 115.72
2016-03-31 1,338.15 295.45 79.67
2015-12-31 1,278.84 314.90 72.78
2015-09-30 1,227.18 330.61 71.90
2015-06-30 1,163.94 284.23 82.90
2015-03-31 1,237.49 253.74 53.19
2014-12-31 1,203.23 235.16 66.52
2014-09-30 1,183.70 255.82 63.30
2014-06-30 1,119.73 214.09 84.06
2014-03-31 1,153.38 240.42 66.23
2013-12-31 1,125.38 284.71 75.15
2013-09-30 1,072.40 284.75 68.66
2013-06-30 1,025.64 254.91 65.12
2013-03-31 1,037.77 293.23 73.70
2012-12-31 1,022.64 305.80 66.76
2012-09-30 1,009.01 313.25 60.41
2012-06-30 960.19 278.60 51.95
  • Grupa Kety's level of debt (62.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.8% vs 62.3% today).
  • Debt is well covered by operating cash flow (39.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.5x coverage).
X
Financial health checks
We assess Grupa Kety's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grupa Kety has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.56%
Current annual income from Grupa Kety dividends. Estimated to be 7.38% next year.
If you bought PLN2,000 of Grupa Kety shares you are expected to receive PLN131 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Grupa Kety's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.8%).
  • Grupa Kety's dividend is below the markets top 25% of dividend payers in Poland (7.94%).
Upcoming dividend payment

Purchase Grupa Kety before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:KTY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Poland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.6%
Poland Market Average Dividend Yield Market Cap Weighted Average of 201 Stocks 4.1%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:KTY Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 27.10 3.00
2022-12-31 26.50 3.00
2021-12-31 25.85 3.00
2020-12-31 23.50 5.00
2019-12-31 24.00 1.00
WSE:KTY Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-04-03 22.500 6.572
2018-03-16 23.940 6.877
2017-10-19 30.000 7.767
2017-03-16 30.000 7.226
2016-10-20 18.000 4.559
2016-03-16 18.000 5.274
2015-04-22 10.700 3.622
2015-03-17 14.410 4.686
2014-03-21 10.000 4.011
2013-03-21 6.000 3.465
2011-10-26 5.000 4.188
2011-04-14 4.000 3.606
2010-04-08 4.000 3.479
2009-10-28 0.000 0.000
2009-08-17 0.000 0.000
2009-08-14 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupa Kety has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Grupa Kety only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Grupa Kety's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Grupa Kety's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grupa Kety afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupa Kety has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Grupa Kety's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dariusz Mañko
COMPENSATION PLN2,410,404
AGE 50
TENURE AS CEO 13.8 years
CEO Bio

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 Board and Chief Executive Officer of Metalplast-Bielsko S.A. (present Aluprof S.A.). Mr. Mañko has been member of the Management Board of Grupa Kety S.A. since October 2000. Mr. Mañko served as a Member of Management Board at Budimex SA. From 2000 to 2005, he served as member of the Management Board of Grupa Kety S.A. Mr. Mañko served as the Chairman of Supervisory Board for Elektrobudowa SA. since April 24, 2008. He has been a Member of Board of Supervisory board at Instal Kraków Spólka Akcyjna since May 31, 2008. In 2002, he was awarded with the Polish Business Leader Golden Statuette for his accomplishments.

CEO Compensation
  • Dariusz's compensation has increased by more than 20% in the past year.
  • Dariusz's remuneration is lower than average for companies of similar size in Poland.
Management Team Tenure

Average tenure and age of the Grupa Kety management team in years:

1.3
Average Tenure
47.5
Average Age
  • The average tenure for the Grupa Kety management team is less than 2 years, this suggests a new team.
Management Team

Dariusz Mañko

TITLE
President of the Management Board & CEO
COMPENSATION
PLN2M
AGE
50
TENURE
13.8 yrs

Adam Piela

TITLE
CFO & Member of Management Board
COMPENSATION
PLN1M
AGE
46
TENURE
13.3 yrs

Piotr Wysocki

TITLE
Member of the Management Board
AGE
49
TENURE
1.3 yrs

Rafal Lechowicz

TITLE
Member of the Management Board
TENURE
1.3 yrs

Tomasz Grela

TITLE
Member of the Management Board
AGE
44
TENURE
1.3 yrs

Michal Malina

TITLE
Head of Investor Relations
COMPENSATION
PLN297K

Zbigniew Paruch

TITLE
Chief PR Officer
Board of Directors Tenure

Average tenure of the Grupa Kety board of directors in years:

2
Average Tenure
  • The average tenure for the Grupa Kety board of directors is less than 3 years, this suggests a new board.
Board of Directors

Szczepan Strublewski

TITLE
Chairman of Supervisory Board
COMPENSATION
PLN130K
TENURE
2 yrs

Pawel Niedziólka

TITLE
Vice-Chairman of Supervisory Board
COMPENSATION
PLN104K
TENURE
2 yrs

Piotr Kaczmarek

TITLE
Independent Member of Supervisory Board
TENURE
2 yrs

Bartosz Kazimierczuk

TITLE
Independent Member of Supervisory Board
TENURE
2 yrs

Piotr Stepniak

TITLE
Independent Member of Supervisory Board
AGE
56
TENURE
2 yrs

Wojciech Wlodarczyk

TITLE
Independent Member of Supervisory Board
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Grupa Kety's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grupa Kety has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should We Be Delighted With Grupa Kety S.A.'s (WSE:KTY) ROE Of 19%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each PLN1 of shareholders' equity it has, the company made PLN0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should We Worry About Grupa Kety S.A.'s (WSE:KTY) P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Grupa Kety S.A.'s (WSE:KTY) P/E ratio and reflect on what it tells us about the company's share price. … Looking at earnings over the last twelve months, Grupa Kety has a P/E ratio of 12.16.

Simply Wall St -

How Financially Strong Is Grupa Kety S.A. (WSE:KTY)?

(WSE:KTY) with its market cap of zł3.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

If You Had Bought Grupa Kety (WSE:KTY) Stock Five Years Ago, You Could Pocket A 49% Gain Today

To wit, the Grupa Kety share price has climbed 49% in five years, easily topping the market return of -6.8% (ignoring dividends). … During five years of share price growth, Grupa Kety achieved compound earnings per share (EPS) growth of 15% per year. … The EPS growth is more impressive than the yearly share price gain of 8.3% over the same period.

Simply Wall St -

Is Grupa Kety S.A. (WSE:KTY) A Smart Choice For Dividend Investors?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Historically, Grupa Kety S.A. … Let's take a look at Grupa Kety in more detail.

Simply Wall St -

Grupa Kety S.A. (WSE:KTY) Earns A Nice Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Could Grupa Kety S.A.'s (WSE:KTY) Investor Composition Influence The Stock Price?

A look at the shareholders of Grupa Kety S.A. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

Calculating The Fair Value Of Grupa Kety S.A. (WSE:KTY)

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Grupa Kety S.A. (WSE:KTY) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every PLN1 worth of equity in the company, it was able to earn PLN0.18. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Investors Should Know About Grupa Kety S.A.'s (WSE:KTY) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Company Info

Description

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 Packaging. The Extruded Products segment produces aluminum profiles and components for automotive, transport, air transport, household appliances, furniture, and interior furnishings industries. The Aluminum Systems segment designs and produces architectural systems and external aluminum roller shutters; builds and provides assembly services for aluminum facades; and offers building accessories. The Flexible Packaging segment provides flexible packaging solutions for food concentrates, confectionery, fat, dairy, meat, cold cuts, bakery, pharmaceutical, and chemical industries. The company sells its products under the Grupa Kety, Aluprof, and Alupol Packaging brands. The company was formerly known as Zaklady Metali Lekkich “KETY” and changed its name to Grupa Kety S.A. in 2000. Grupa Kety S.A. was founded in 1953 and is headquartered in Kety, Poland.

Details
Name: Grupa Kety S.A.
KTY
Exchange: WSE
Founded: 1953
PLN3,274,088,321
9,545,447
Website: http://www.grupakety.com
Address: Grupa Kety S.A.
ul. Kosciuszki 111,
Kety,
32-650,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE KTY Registered Shares Warsaw Stock Exchange PL PLN 30. Jan 1996
LSE 0LV3 Registered Shares London Stock Exchange GB PLN 30. Jan 1996
Number of employees
Current staff
Staff numbers
0
Grupa Kety employees.
Industry
Aluminum
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 20:42
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.