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Stelmet

WSE:STL
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STL
WSE
PLN232M
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Stelmet S.A. produces and distributes wooden garden architecture in Great Britain, France, Germany, and internationally. The last earnings update was 50 days ago. More info.


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  • Stelmet has significant price volatility in the past 3 months.
STL Share Price and Events
7 Day Returns
1.3%
WSE:STL
-3.8%
PL Forestry
-0.2%
PL Market
1 Year Returns
-47.5%
WSE:STL
-34%
PL Forestry
-2.2%
PL Market
STL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stelmet (STL) 1.3% -11.8% 4.5% -47.5% - -
PL Forestry -3.8% -2% -20.8% -34% -22.6% -5.2%
PL Market -0.2% -0.1% 1.3% -2.2% 12.4% -3.8%
1 Year Return vs Industry and Market
  • STL underperformed the Forestry industry which returned -34% over the past year.
  • STL underperformed the Market in Poland which returned -2.2% over the past year.

Value

 Is Stelmet 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 Stelmet 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 Stelmet.

WSE:STL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.3%
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:STL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.288 (1 + (1- 19%) (99.09%))
1.885
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.885 * 7.14%)
16.31%

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

The calculations below outline how an intrinsic value for Stelmet 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:STL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 16.31%)
2019 19.00 Analyst x1 16.34
2020 35.00 Analyst x1 25.87
2021 30.00 Analyst x1 19.07
2022 30.00 Analyst x1 16.39
2023 31.00 Analyst x1 14.56
2024 30.44 Est @ -1.81% 12.29
2025 30.31 Est @ -0.41% 10.53
2026 30.48 Est @ 0.56% 9.10
2027 30.86 Est @ 1.25% 7.92
2028 31.40 Est @ 1.73% 6.93
Present value of next 10 years cash flows PLN139.00
WSE:STL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN31.40 × (1 + 2.85%) ÷ (16.31% – 2.85%)
PLN239.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN239.88 ÷ (1 + 16.31%)10
PLN52.94
WSE:STL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN139.00 + PLN52.94
PLN191.93
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN191.93 / 29.36
PLN6.54
WSE:STL Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN6.54
Current discount Discount to share price of PLN7.90
= -1 x (PLN7.90 - PLN6.54) / PLN6.54
-20.9%

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

  • The current share price of Stelmet 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 Stelmet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stelmet's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:STL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN0.15
WSE:STL Share Price ** WSE (2019-04-17) in PLN PLN7.9
Poland Forestry Industry PE Ratio Median Figure of 8 Publicly-Listed Forestry Companies 20.69x
Poland Market PE Ratio Median Figure of 458 Publicly-Listed Companies 11.23x

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

** Primary Listing of Stelmet.

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

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

= 7.9 ÷ 0.15

53.49x

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

  • Stelmet is overvalued based on earnings compared to the PL Forestry industry average.
  • Stelmet is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Stelmet's expected growth come at a high price?
Raw Data
WSE:STL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
21.2%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 1.06x
Poland Market PEG Ratio Median Figure of 114 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Stelmet, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stelmet's assets?
Raw Data
WSE:STL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN15.53
WSE:STL Share Price * WSE (2019-04-17) in PLN PLN7.9
Poland Forestry Industry PB Ratio Median Figure of 8 Publicly-Listed Forestry Companies 0.69x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 1.01x
WSE:STL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.9 ÷ 15.53

0.51x

* Primary Listing of Stelmet.

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

  • Stelmet is good value based on assets compared to the PL Forestry industry average.
X
Value checks
We assess Stelmet'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Stelmet has a total score of 1/6, 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 Stelmet expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Stelmet, future earnings growth has been estimated based on fundamentals.
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
21.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stelmet expected to grow at an attractive rate?
  • Stelmet's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Stelmet's earnings growth is expected to exceed the Poland market average.
  • Stelmet's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:STL Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:STL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 21.2%
WSE:STL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.2%
Poland Forestry Industry Earnings Growth Rate Market Cap Weighted Average 41.6%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 2%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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:STL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:STL Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 658 1
2022-09-30 641 1
2021-09-30 625 57 1
2020-09-30 605 53 1
2019-09-30 582 49 1
WSE:STL Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 565 41 4
2018-09-30 553 32 10
2018-06-30 546 39 10
2018-03-31 521 39 11
2017-12-31 532 41 33
2017-09-30 536 39 18
2017-06-30 536 39 44
2017-03-31 557 69 64
2016-12-31 558 85 59
2016-09-30 567 114 68
2016-06-30 535 130 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stelmet's earnings are expected to grow significantly at over 20% yearly.
  • Stelmet's revenue is expected to grow by 3.2% 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:STL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Stelmet Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:STL Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30
2019-09-30
WSE:STL Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 0.15
2018-09-30 0.33
2018-06-30 0.35
2018-03-31 0.38
2017-12-31 1.11
2017-09-30 0.60
2017-06-30 1.52
2017-03-31 2.23
2016-12-31 2.11
2016-09-30 2.44
2016-06-30 1.54

*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.
  • Unable to establish if Stelmet will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Stelmet'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 Europe 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.
Stelmet has a total score of 3/6, 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 Stelmet 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 Stelmet's growth in the last year to its industry (Forestry).
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.
  • Stelmet's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Stelmet's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Stelmet's 1-year earnings growth is negative, it can't be compared to the PL Forestry industry average.
Earnings and Revenue History
Stelmet'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 Stelmet Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:STL Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 565.01 4.34 130.96
2018-09-30 553.02 9.58 128.97
2018-06-30 545.98 10.34 127.23
2018-03-31 520.68 11.26 126.25
2017-12-31 532.34 32.73 127.41
2017-09-30 536.31 17.63 130.62
2017-06-30 535.81 44.05 119.04
2017-03-31 556.72 63.59 125.96
2016-12-31 558.00 59.47 125.29
2016-09-30 567.30 68.20 123.67
2016-06-30 535.03 41.76 120.70
2015-09-30 509.14 64.67 99.88
2014-06-30 408.59 82.31 74.00
2013-06-30 358.29 53.34 64.25

*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.
  • Stelmet has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stelmet used its assets less efficiently than the PL Forestry industry average last year based on Return on Assets.
  • Stelmet's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stelmet'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 Forestry 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.
Stelmet has a total score of 0/6, 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 Stelmet'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 Stelmet's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stelmet is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Stelmet's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stelmet'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 1.1x 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 Stelmet Company Filings, last reported 3 months ago.

WSE:STL Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 455.98 229.87 8.64
2018-09-30 461.43 246.26 71.97
2018-06-30 469.99 283.21 28.41
2018-03-31 457.67 300.16 7.17
2017-12-31 453.56 251.41 13.50
2017-09-30 451.97 253.16 72.56
2017-06-30 458.08 284.66 32.87
2017-03-31 445.09 302.70 6.65
2016-12-31 419.98 270.54 21.79
2016-09-30 390.16 232.70 29.31
2016-06-30 370.12 251.24 7.59
2015-09-30 332.35 180.39 33.07
2014-06-30 244.89 123.78 8.67
2013-06-30 194.46 160.52 12.92
  • Stelmet's level of debt (50.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.5% vs 50.4% today).
  • Debt is not well covered by operating cash flow (17.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).
X
Financial health checks
We assess Stelmet'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. Stelmet 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 Stelmet'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
0%
Current annual income from Stelmet dividends. Estimated to be 2.57% next year.
If you bought PLN2,000 of Stelmet shares you are expected to receive PLN0 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?
  • Unable to evaluate Stelmet's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Stelmet's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:STL 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 1 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 207 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

WSE:STL Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.32 1.00
2020-09-30 0.21 1.00
2019-09-30 0.08 1.00

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

  • Unable to perform a dividend volatility check as Stelmet has not reported any payouts.
  • Unable to verify if Stelmet's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Stelmet's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Stelmet has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Stelmet's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Stelmet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stelmet has a total score of 0/6, 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 Stelmet'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
Stanislaw Bienkowski
COMPENSATION PLN1,505,000
CEO Bio

Mr. Stanislaw Bienkowski serves as the President of the Management Board at Stelmet S.A. Mr. Bienkowski founded Stelmet company (which works as a Joint Stock Company since 2006) in 1985 and serves as its Longtime President. Mr. Bienkowski graduated from the Engineer University in Zielona Góra.

CEO Compensation
  • Stanislaw's compensation has been consistent with company performance over the past year.
  • Stanislaw's remuneration is higher than average for companies of similar size in Poland.
Management Team

Stanislaw Bienkowski

TITLE
President of the Management Board
COMPENSATION
PLN2M

Andrzej Trybus

TITLE
Vice President of the Management Board
COMPENSATION
PLN931K
TENURE
1.3 yrs

Piotr Leszkowicz

TITLE
CFO & Member of the Management Board
COMPENSATION
PLN934K

Dominika Bienkowska

TITLE
Member of Management Board
COMPENSATION
PLN1M

Andrzej Markiewicz

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board
COMPENSATION
PLN60K

Piotr Ostrêga

TITLE
Principal Accountant
Board of Directors

Przemyslaw Bienkowski

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN1M

Andrzej Markiewicz

TITLE
Secretary of the Supervisory Board & Member of the Supervisory Board
COMPENSATION
PLN60K

Pawel Dabek

TITLE
Member of the Supervisory Board
COMPENSATION
PLN60K

Malgorzata Bienkowska

TITLE
Member of the Supervisory Board
COMPENSATION
PLN253K

Piotr Lagowski

TITLE
Member of the Supervisory Board
COMPENSATION
PLN60K
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 Stelmet'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. Stelmet 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

How Do Stelmet S.A.’s (WSE:STL) Returns Compare To Its Industry?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

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How Did Stelmet SA's (WSE:STL) 2.85% ROE Fare Against The Industry?

Though STL's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted. … Knowing these components can change your views on STL's below-average returns. … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of STL's returns

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What You Must Know About Stelmet SA's (WSE:STL) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

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Does Stelmet SA's (WSE:STL) PE Ratio Signal A Buying Opportunity?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Stelmet SA (WSE:STL). … Stelmet SA (WSE:STL) is currently trading at a trailing P/E of 10.5x, which is lower than the industry average of 12.3x.

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Does Stelmet SA.'s (WSE:STL) PE Ratio Warrant A Buy?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for STL Price per share = PLN14.15 Earnings per share = PLN1.175 ∴ Price-Earnings Ratio = PLN14.15 ÷ PLN1.175 = 12x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with STL, then investors would naturally value STL at a lower price since it is a riskier investment.

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What You Must Know About Stelmet SA.'s (WSE:STL) ROE

Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity WSE:STL Last Perf May 28th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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What You Must Know About Stelmet SA.'s (WSE:STL) Financial Strength

On top of this, STL has generated ZŁ39.28M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 15.52%, indicating that STL’s operating cash is not sufficient to cover its debt. … In STL’s case, it is able to generate 0.16x cash from its debt capital. … In STL's case, the ratio of 7.23x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: STL’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Company Info

Description

Stelmet S.A. produces and distributes wooden garden architecture in Great Britain, France, Germany, and internationally. Its products include stakes, palisades, rollbots, platforms, terrace boards, fences, grids, boards, pergolas, flowerbeds, tool sheds, and gazebos. The company manufactures products made of pine and spruce wood, which are designed for fencing, equipping, and decorating gardens, allotments, terraces, balconies, and parks, as well as for use in recreational spaces. It also offers products that use in their structure arcs, which are made of glued laminated timber. Stelmet S.A. was founded in 1985 and is based in Zielona Góra, Poland.

Details
Name: Stelmet S.A.
STL
Exchange: WSE
Founded: 1985
PLN231,977,298
29,364,215
Website: http://www.stelmet.com
Address: Stelmet S.A.
ul. Gorzowska 20,
Zielona Góra,
65-127,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE STL Ordinary Shares Warsaw Stock Exchange PL PLN 25. Oct 2016
LSE 0RKA Ordinary Shares London Stock Exchange GB PLN 25. Oct 2016
Number of employees
Current staff
Staff numbers
0
Stelmet employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 23:47
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/03
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.