WSE:LBT

Stock Analysis Report

Executive Summary

Libet S.A. manufactures and sells sett and other concrete surfacing materials in Poland.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LBT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-17.7%

LBT

-5.5%

PL Basic Materials

-1.6%

PL Market


1 Year Return

-48.0%

LBT

19.5%

PL Basic Materials

1.0%

PL Market

Return vs Industry: LBT underperformed the Polish Basic Materials industry which returned 19.5% over the past year.

Return vs Market: LBT underperformed the Polish Market which returned 1% over the past year.


Shareholder returns

LBTIndustryMarket
7 Day-17.7%-5.5%-1.6%
30 Day-8.6%5.3%2.0%
90 Day1.6%10.5%3.2%
1 Year-48.0%-48.0%23.2%19.5%4.2%1.0%
3 Year-54.9%-54.9%-8.9%-16.5%15.4%7.0%
5 Year-75.8%-75.8%-30.5%-37.9%2.9%-9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.22x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: LBT (PLN0.64) is trading above our estimate of fair value (PLN0.33)

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


Price To Earnings Ratio

PE vs Industry: LBT is unprofitable, so we can't compare its PE Ratio to the Basic Materials industry average.

PE vs Market: LBT 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 LBT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LBT is good value based on its PB Ratio (0.2x) compared to the PL Basic Materials industry average (0.5x).


Next Steps

Future Growth

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

10.5%

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 Libet 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 Libet performed over the past 5 years?

-49.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LBT has high quality earnings.

Growing Profit Margin: LBT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LBT is unprofitable, and losses have increased over the past 5 years at a rate of -49.1% per year.

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

Earnings vs Industry: LBT is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (20.6%).


Return on Equity

High ROE: LBT has a negative Return on Equity (-9.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Libet's financial position?


Financial Position Analysis

Short Term Liabilities: LBT's short term assets (PLN76.1M) do not cover its short term liabilities (PLN151.4M)

Long Term Liabilities: LBT's short term assets (PLN76.1M) exceeds its long term liabilities (50.5M)


Debt to Equity History and Analysis

Debt Level: LBT's debt to equity ratio (46.9%) is considered high.

Reducing Debt: LBT's debt to equity ratio has increased from 44.7% to 46.9% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: LBT's debt is covered by short term assets (assets are 1.1x debt).


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: Whilst unprofitable LBT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: LBT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.5% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.7%markettop25%7.3%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

Dividend Coverage: LBT is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LBT's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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


CEO

Thomas Lehmann 0

0yrs

Tenure

0

Mr. Thomas Lehmann serves as the President of Management Board and Managing Director at Libet S.A. Mr. Lehmann served as Chief Executive Director of Libet Spolka Akcyjna. 


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Thomas Lehmann

    President of Management Board & MD

    • Tenure: 0yrs
  • Ireneusz Gronostaj

    Director of Finance & Member of Management Board

    • Tenure: 0yrs

Board Members

  • Jerzy Gabrielczyk

    Chairman of Supervisory Board

    • Tenure: 4.9yrs
  • Tomasz Krysztofiak (57yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Piotr Nowjalis (44yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Slawomir Najnigier

    Member of Supervisory Board

    • Tenure: 0yrs
  • Piotr Lyskawa

    Member of the Supervisory Board

    • Tenure: 4.1yrs
  • Tomasz Pelczar

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Libet S.A.
  • Ticker: LBT
  • Exchange: WSE
  • Founded:
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: zł32.000m
  • Shares outstanding: 50.00m
  • Website: https://www.libet.pl

Number of Employees


Location

  • Libet S.A.
  • ul. Powstanców Slaskich 5
  • Wroclaw
  • 53-332
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LBTWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNApr 2011
0Q3ZLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNApr 2011

Biography

Libet S.A. manufactures and sells sett and other concrete surfacing materials in Poland. The company’s products include pavement blocks, blasted-brushed surfaces, upholstered surfaces, washed surfaces, sin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 21:13
End of Day Share Price2019/11/19 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.