Stock Analysis Report

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Executive Summary

PCC Exol S.A. manufactures and distributes surfactants in Poland and internationally. More Details

Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: PCX is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PCX's weekly volatility has decreased from 18% to 11% over the past year.

Market Performance

7 Day Return




PL Chemicals


PL Market

1 Year Return




PL Chemicals


PL Market

Return vs Industry: PCX exceeded the Polish Chemicals industry which returned 8.2% over the past year.

Return vs Market: PCX exceeded the Polish Market which returned 0.3% over the past year.

Shareholder returns

7 Day-1.7%2.0%-0.9%
30 Day3.0%10.8%2.5%
90 Day-25.2%17.9%16.0%
1 Year59.9%57.1%11.7%9.6%1.3%0.4%
3 Year123.2%96.6%-34.6%-40.9%-13.3%-18.6%
5 Year94.6%56.4%-45.0%-52.0%21.6%7.8%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: PCX (PLN3.44) is trading above our estimate of fair value (PLN2.88)

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

Price To Earnings Ratio

PE vs Industry: PCX is poor value based on its PE Ratio (16.8x) compared to the PL Chemicals industry average (15.6x).

PE vs Market: PCX is poor value based on its PE Ratio (16.8x) compared to the Polish market (13.7x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: PCX is overvalued based on its PB Ratio (2x) compared to the PL Chemicals industry average (0.9x).

Next Steps

Future Growth

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


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 PCC Exol 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 PCC Exol performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PCX has high quality earnings.

Growing Profit Margin: PCX's current net profit margins (5.6%) are higher than last year (4.3%).

Past Earnings Growth Analysis

Earnings Trend: PCX's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: PCX's earnings growth over the past year (31.2%) exceeds its 5-year average (15.2% per year).

Earnings vs Industry: PCX earnings growth over the past year (31.2%) exceeded the Chemicals industry -1.4%.

Return on Equity

High ROE: PCX's Return on Equity (12.2%) is considered low.

Next Steps

Financial Health

How is PCC Exol's financial position?

Financial Position Analysis

Short Term Liabilities: PCX's short term assets (PLN186.9M) exceed its short term liabilities (PLN131.3M).

Long Term Liabilities: PCX's short term assets (PLN186.9M) do not cover its long term liabilities (PLN203.9M).

Debt to Equity History and Analysis

Debt Level: PCX's debt to equity ratio (75.7%) is considered high.

Reducing Debt: PCX's debt to equity ratio has reduced from 84.7% to 75.7% over the past 5 years.

Debt Coverage: PCX's debt is well covered by operating cash flow (25.2%).

Interest Coverage: PCX's interest payments on its debt are well covered by EBIT (5.8x coverage).

Balance Sheet

Next Steps


What is PCC Exol current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PCX's dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (1.58%).

High Dividend: PCX's dividend (1.45%) is low compared to the top 25% of dividend payers in the Polish market (5.13%).

Stability and Growth of Payments

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

Growing Dividend: PCX's dividend payments have increased, but the company has only paid a dividend for 7 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.4%), PCX's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average board tenure


Miroslaw Siwirski

no data




Mr. Miroslaw Siwirski serves as the President of the Management Board of PCC Exol Spólka Akcyjna and has been its Commercial Director and Member of the Management Board since April 2013. From 1995 to 2003,...

CEO Compensation Analysis

Compensation vs Market: Miroslaw's total compensation ($USD1.11M) is above average for companies of similar size in the Polish market ($USD261.31K).

Compensation vs Earnings: Miroslaw's compensation has increased by more than 20% in the past year.

Board Members

Alfred Pelzer
Member of the Supervisory Board8.67yrsno datano data
Waldemar Preussner
Chairman of the Supervisory Board3yrsno datano data
Wieslaw Klimkowski
Vice Chairman of the Supervisory Boardno datano data1.68%
PLN 10.0m
Robert Pabich
Member of the Supervisory Board3yrszł66.00kno data
Arkadiusz Szymanek
Member of the Supervisory Board3yrszł68.00kno data


Average Tenure

Experienced Board: PCX's board of directors are considered experienced (3 years average tenure).


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

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

Key Information

  • Name: PCC Exol S.A.
  • Ticker: PCX
  • Exchange: WSE
  • Founded: NaN
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: zł592.188m
  • Shares outstanding: 172.65m
  • Website:

Number of Employees


  • PCC Exol S.A.
  • ul. Sienkiewicza 4
  • Brzeg Dolny
  • 56-120
  • Poland


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCXWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNSep 2012
0QA2LSE (London Stock Exchange)YesBearer SharesGBPLNSep 2012


PCC Exol S.A. manufactures and distributes surfactants in Poland and internationally. The company provides anionic and nonionic surfactants. It primarily serves household and industrial chemical, textile, ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:06
End of Day Share Price2021/01/22 00:00
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.