WSE:STD

Stock Analysis Report

Executive Summary

Standrew S.A. manufactures and sells various oak sipes and various sawmill products primarily in Poland.

Snowflake

Fundamentals

Mediocre balance sheet with concerning outlook.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

STD

0.09%

PL Forestry

-0.8%

PL Market


1 Year Return

24.0%

STD

-8.5%

PL Forestry

-1.1%

PL Market

Return vs Industry: STD exceeded the Polish Forestry industry which returned -8.5% over the past year.

Return vs Market: STD exceeded the Polish Market which returned -1.1% over the past year.


Shareholder returns

STDIndustryMarket
7 Day0%0.09%-0.8%
30 Day-0.8%1.7%3.4%
90 Day29.3%7.2%4.6%
1 Year24.0%24.0%-8.5%-8.5%2.0%-1.1%
3 Year306.1%306.1%-33.8%-36.2%16.9%8.3%
5 Year-36.7%-36.7%-8.9%-15.8%3.1%-9.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

263.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STD (PLN11.9) is trading above our estimate of fair value (PLN0)

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


Price To Earnings Ratio

PE vs Industry: STD is poor value based on its PE Ratio (264x) compared to the Forestry industry average (15.2x).

PE vs Market: STD is poor value based on its PE Ratio (264x) compared to the Polish market (10.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: STD is overvalued based on its PB Ratio (7.7x) compared to the PL Forestry industry average (0.6x).


Next Steps

Future Growth

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

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STD's forecast earnings growth (6.1% per year) is above the savings rate (2.9%).

Earnings vs Market: STD's earnings (6.1% per year) are forecast to grow slower than the Polish market (10.1% per year).

High Growth Earnings: STD's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if STD's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if STD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if STD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Standrew performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STD has large one-off items impacting its financial results.

Growing Profit Margin: STD's current net profit margins (0.7%) are lower than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: STD's earnings have declined by -20% per year over the past 5 years.

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

Earnings vs Industry: STD had negative earnings growth (-63.2%) over the past year, making it difficult to compare to the Forestry industry average (-21.1%).


Return on Equity

High ROE: STD's Return on Equity (2.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Standrew's financial position?


Financial Position Analysis

Short Term Liabilities: STD's short term assets (PLN10.4M) exceeds its short term liabilities (PLN9.8M)

Long Term Liabilities: STD's short term assets (10.4M) exceeds its long term liabilities (3.7M)


Debt to Equity History and Analysis

Debt Level: STD's debt to equity ratio (65.8%) is considered high

Reducing Debt: STD's debt to equity ratio has reduced from 131.2% to 65.8% over the past 5 years.

Debt Coverage: STD's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: STD's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: STD's debt is covered by short term assets (assets are 3.1x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%7.4%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of STD'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 Standrew's salary, the management and board of directors tenure and is there insider trading?


CEO

Standrew has no CEO, or we have no data on them.


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 been substantially diluted in the past year, with total shares outstanding growing by 119.2%.


Management Team


    Board Members

    • Lukasz Stankiewicz

      Chairman of the Supervisory Board

      • Tenure: 0yrs
    • Jaroslaw Stankiewicz

      Vice Chairman of the Supervisory Board

      • Tenure: 0yrs
    • Sylwia Cugier

      Secretary of the Supervisory Board

      • Tenure: 0yrs
    • Radoslaw Kozlowski

      Member of the Supervisory Board

      • Tenure: 0yrs
    • Wojciech Komer (37yo)

      Member of the Supervisory Board

      • Tenure: 0yrs

    Company Information

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


    Key Information

    • Name: Standrew S.A.
    • Ticker: STD
    • Exchange: WSE
    • Founded: 1999
    • Industry: Forest Products
    • Sector: Materials
    • Market Cap: zł39.389m
    • Shares outstanding: 3.31m
    • Website: https://www.standrew.com.pl

    Location

    • Standrew S.A.
    • Huta Szklana 83
    • Krzyz Wielkopolski
    • 64-761
    • Poland

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    STDWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNJun 2013

    Biography

    Standrew S.A. manufactures and sells various oak sipes and various sawmill products primarily in Poland. The company offers oak lamellas and oak slats; edged and unedged timber and dry oak timber; oak, ash ...


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2019/11/13 21:30
    End of Day Share Price2019/11/07 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.