Stalprodukt
Stalprodukt S.A., together with its subsidiaries, manufactures and exports processed steel products in Poland. The last earnings update was 48 days ago. More info.
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STP Share Price and Events
7 Day Returns
1 Year Returns
STP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Stalprodukt (STP) | -2.9% | 6.3% | 3% | -24.9% | 15.6% | 40.5% |
| PL Metals and Mining | -0.9% | 5.6% | 9.8% | -3.8% | 46% | 6.8% |
| PL Market | -0.2% | -0.1% | 1.3% | -2.2% | 12.4% | -3.8% |
1 Year Return vs Industry and Market
- STP underperformed the Metals and Mining industry which returned -3.8% over the past year.
- STP underperformed the Market in Poland which returned -2.2% over the past year.
STP Value
Is Stalprodukt 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
Stalprodukt
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Stalprodukt.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.5% |
| 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.
| 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 | 1.13 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 19%) (19.01%)) |
1.207 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.21 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.207 * 7.14%) |
11.47% |
Discounted Cash Flow Calculation for WSE:STP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Stalprodukt 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.
| Levered FCF (PLN, Millions) | Source |
Present Value Discounted (@ 11.47%) |
|
|---|---|---|---|
| 2019 | 202.00 | Analyst x1 | 181.21 |
| 2020 | 179.45 | Analyst x2 | 144.42 |
| 2021 | 101.00 | Analyst x1 | 72.92 |
| 2022 | 190.00 | Analyst x1 | 123.06 |
| 2023 | 231.00 | Analyst x1 | 134.21 |
| 2024 | 255.46 | Est @ 10.59% | 133.15 |
| 2025 | 276.57 | Est @ 8.27% | 129.32 |
| 2026 | 294.94 | Est @ 6.64% | 123.72 |
| 2027 | 311.17 | Est @ 5.5% | 117.09 |
| 2028 | 325.82 | Est @ 4.71% | 109.99 |
| Present value of next 10 years cash flows | PLN1,269.08 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= PLN325.82 × (1 + 2.85%) ÷ (11.47% – 2.85%) |
PLN3,886.94 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= PLN3,886.94 ÷ (1 + 11.47%)10 |
PLN1,312.12 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= PLN1,269.08 + PLN1,312.12 |
PLN2,581.20 |
| Equity Value per Share (PLN) |
= Total value / Shares Outstanding
= PLN2,581.20 / 5.58 |
PLN462.56 |
| Calculation | Result | |
|---|---|---|
| Value per share (PLN) | From above. | PLN462.56 |
| Current discount | Discount to share price of
PLN340.00
= -1 x (PLN340.00 - PLN462.56) / PLN462.56 |
26.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Stalprodukt's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Stalprodukt's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Stalprodukt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Stalprodukt's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in PLN | PLN49.26 |
| WSE:STP Share Price ** | WSE (2019-04-17) in PLN | PLN340 |
| Poland Metals and Mining Industry PE Ratio | Median Figure of 15 Publicly-Listed Metals and Mining Companies | 7.14x |
| 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 Stalprodukt.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WSE:STP Share Price ÷ EPS (both in PLN) = 340 ÷ 49.26 |
6.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stalprodukt is good value based on earnings compared to the PL Metals and Mining industry average.
- Stalprodukt is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does
Stalprodukt's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
-11.6%per year |
| Poland Metals and Mining Industry PEG Ratio | Median Figure of 11 Publicly-Listed Metals and Mining Companies | 0.94x |
| Poland Market PEG Ratio | Median Figure of 114 Publicly-Listed Companies | 1.17x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.9x ÷ -11.6% |
-0.59x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stalprodukt earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Stalprodukt's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in PLN | PLN465.68 |
| WSE:STP Share Price * | WSE (2019-04-17) in PLN | PLN340 |
| Poland Metals and Mining Industry PB Ratio | Median Figure of 18 Publicly-Listed Metals and Mining Companies | 0.83x |
| Poland Market PB Ratio | Median Figure of 687 Publicly-Listed Companies | 1.01x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WSE:STP Share Price ÷ Book Value per Share (both in PLN) = 340 ÷ 465.68 |
0.73x |
* Primary Listing of Stalprodukt.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stalprodukt is good value based on assets compared to the PL Metals and Mining industry average.
Value checks
We assess Stalprodukt's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Stalprodukt has a total score of 4/6, 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.
STP Future Performance
How is Stalprodukt expected to perform in the next 1 to 3 years based on estimates from 2 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!
Earnings growth vs Low Risk Savings
- Stalprodukt's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
- Stalprodukt's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
- Stalprodukt's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WSE:STP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | -11.6% |
| WSE:STP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 1.8% |
| Poland Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 2.5% |
| Poland Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 1.4% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 4,372 | 1 | ||
| 2022-12-31 | 4,370 | 1 | ||
| 2021-12-31 | 4,331 | 236 | 219 | 1 |
| 2020-12-31 | 4,266 | 368 | 232 | 2 |
| 2019-12-31 | 4,191 | 369 | 301 | 1 |
| Date (Data in PLN Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,957 | 334 | 275 |
| 2018-09-30 | 3,889 | 319 | 282 |
| 2018-06-30 | 3,776 | 486 | 285 |
| 2018-03-31 | 3,578 | 429 | 271 |
| 2017-12-31 | 3,501 | 432 | 254 |
| 2017-09-30 | 3,460 | 448 | 278 |
| 2017-06-30 | 3,345 | 196 | 285 |
| 2017-03-31 | 3,316 | 388 | 343 |
| 2016-12-31 | 3,141 | 267 | 326 |
| 2016-09-30 | 3,069 | 366 | 301 |
| 2016-06-30 | 3,078 | 463 | 297 |
| 2016-03-31 | 3,060 | 377 | 243 |
*GAAP earnings excluding extraordinary items.
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 2 Analyst Estimates (S&P Global) | See Below |
All data from Stalprodukt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 47.30 | 47.30 | 47.30 | 1.00 |
| 2019-12-31 | 49.20 | 49.20 | 49.20 | 1.00 |
| Date (Data in PLN Millions) | EPS * |
|---|---|
| 2018-12-31 | 49.26 |
| 2018-09-30 | 50.59 |
| 2018-06-30 | 51.16 |
| 2018-03-31 | 48.65 |
| 2017-12-31 | 45.60 |
| 2017-09-30 | 49.90 |
| 2017-06-30 | 50.99 |
| 2017-03-31 | 62.52 |
| 2016-12-31 | 58.38 |
| 2016-09-30 | 54.85 |
| 2016-06-30 | 51.56 |
| 2016-03-31 | 39.63 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Stalprodukt's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Stalprodukt has a total score of 0/6, 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.
STP Past Performance
How has Stalprodukt 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
Past Earnings growth analysis
- Stalprodukt has delivered over 20% year on year earnings growth in the past 5 years.
- Stalprodukt's 1-year earnings growth is less than its 5-year average (8% vs 23.9%)
- Stalprodukt's earnings growth has not exceeded the PL Metals and Mining industry average in the past year (8% vs 8%).
Earnings and Revenue History
All data from Stalprodukt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in PLN Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,956.69 | 274.89 | 236.56 | |
| 2018-09-30 | 3,889.18 | 282.29 | 230.80 | |
| 2018-06-30 | 3,776.12 | 285.49 | 217.67 | |
| 2018-03-31 | 3,577.76 | 271.50 | 215.77 | |
| 2017-12-31 | 3,501.09 | 254.45 | 212.57 | |
| 2017-09-30 | 3,459.92 | 278.48 | 210.54 | |
| 2017-06-30 | 3,345.24 | 284.54 | 212.38 | |
| 2017-03-31 | 3,316.30 | 342.89 | 210.91 | |
| 2016-12-31 | 3,140.94 | 325.78 | 208.85 | |
| 2016-09-30 | 3,068.94 | 301.15 | 213.35 | |
| 2016-06-30 | 3,078.07 | 296.96 | 212.16 | |
| 2016-03-31 | 3,060.24 | 242.72 | 215.56 | |
| 2015-12-31 | 3,131.69 | 219.07 | 217.60 | |
| 2015-09-30 | 3,096.53 | 194.59 | 213.68 | |
| 2015-06-30 | 3,037.11 | 154.63 | 213.40 | |
| 2015-03-31 | 2,937.04 | 124.03 | 209.57 | |
| 2014-12-31 | 2,858.54 | 91.07 | 207.82 | |
| 2014-09-30 | 2,807.55 | 91.88 | 204.85 | |
| 2014-06-30 | 2,790.51 | 76.53 | 199.77 | |
| 2014-03-31 | 2,757.06 | 63.49 | 198.36 | |
| 2013-12-31 | 2,806.52 | 72.75 | 197.55 | |
| 2013-09-30 | 2,508.46 | 37.38 | 175.64 | |
| 2013-06-30 | 2,243.85 | 34.89 | 163.89 | |
| 2013-03-31 | 2,061.29 | 49.09 | 151.73 | |
| 2012-12-31 | 1,808.72 | 63.43 | 139.02 | |
| 2012-09-30 | 1,926.89 | 101.65 | 143.57 | |
| 2012-06-30 | 1,985.43 | 129.48 | 145.07 |
*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.
- Stalprodukt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Stalprodukt used its assets less efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
- Stalprodukt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Stalprodukt's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Stalprodukt has a total score of 1/6, 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.
STP Health
How is Stalprodukt'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 Stalprodukt's finances.
The net worth of a company is the difference between its assets and liabilities.
- Stalprodukt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Stalprodukt's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 5.7x 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.
All data from Stalprodukt Company Filings, last reported 3 months ago.
| Date (Data in PLN Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 2,705.42 | 360.64 | 596.01 |
| 2018-09-30 | 2,687.76 | 336.31 | 635.65 |
| 2018-06-30 | 2,491.96 | 492.96 | 732.01 |
| 2018-03-31 | 2,395.30 | 451.50 | 691.43 |
| 2017-12-31 | 2,235.67 | 343.02 | 666.84 |
| 2017-09-30 | 2,133.63 | 299.60 | 578.77 |
| 2017-06-30 | 2,191.42 | 446.54 | 593.78 |
| 2017-03-31 | 2,026.12 | 424.63 | 562.14 |
| 2016-12-31 | 1,936.75 | 364.88 | 451.57 |
| 2016-09-30 | 1,937.96 | 343.57 | 370.10 |
| 2016-06-30 | 1,925.43 | 245.62 | 314.39 |
| 2016-03-31 | 2,006.92 | 351.51 | 378.32 |
| 2015-12-31 | 2,049.90 | 199.12 | 402.84 |
| 2015-09-30 | 2,128.93 | 147.27 | 312.11 |
| 2015-06-30 | 1,975.15 | 238.91 | 302.99 |
| 2015-03-31 | 1,867.64 | 281.93 | 236.80 |
| 2014-12-31 | 1,846.65 | 229.30 | 229.27 |
| 2014-09-30 | 1,771.87 | 194.43 | 166.84 |
| 2014-06-30 | 1,769.75 | 235.91 | 122.25 |
| 2014-03-31 | 1,764.65 | 255.34 | 153.60 |
| 2013-12-31 | 1,756.33 | 189.67 | 152.39 |
| 2013-09-30 | 2,054.89 | 243.95 | 189.82 |
| 2013-06-30 | 2,044.01 | 283.43 | 133.72 |
| 2013-03-31 | 2,043.75 | 321.10 | 120.69 |
| 2012-12-31 | 1,577.22 | 178.61 | 77.51 |
| 2012-09-30 | 1,586.47 | 20.30 | 142.63 |
| 2012-06-30 | 1,579.28 | 32.59 | 121.04 |
- Stalprodukt's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (10.8% vs 13.3% today).
- Debt is well covered by operating cash flow (92.5%, greater than 20% of total debt).
- Stalprodukt earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Stalprodukt's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Stalprodukt has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
STP Dividends
What is Stalprodukt'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
If you bought
PLN2,000 of
Stalprodukt
shares you are expected to receive
PLN18
in your first year as a dividend.
Dividend Amount
- Stalprodukt's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.74%).
- Stalprodukt's dividend is below the markets top 25% of dividend payers in Poland (7.56%).
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Poland Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 4.2% |
| 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.
| Date (Data in PLN) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 5.00 | 1.00 |
| 2019-12-31 | 5.00 | 1.00 |
| Date (Data in PLN) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-04-27 | 3.000 | 0.790 |
| 2018-02-28 | 3.000 | 0.658 |
| 2017-04-28 | 3.000 | 0.598 |
| 2017-02-28 | 3.000 | 0.515 |
| 2016-08-30 | 3.000 | 0.620 |
| 2016-04-27 | 3.000 | 0.917 |
| 2015-05-15 | 2.000 | 0.619 |
| 2015-04-30 | 2.000 | 0.439 |
| 2015-02-27 | 2.000 | 0.471 |
| 2014-11-14 | 0.600 | 0.164 |
| 2014-08-29 | 0.600 | 0.234 |
| 2014-05-15 | 0.600 | 0.284 |
| 2014-04-30 | 0.600 | 0.265 |
| 2013-11-14 | 1.000 | 0.495 |
| 2013-08-30 | 1.000 | 0.507 |
| 2013-04-30 | 1.000 | 0.586 |
| 2013-02-28 | 0.000 | 0.000 |
| 2012-11-13 | 0.000 | 0.000 |
| 2012-08-31 | 0.000 | 0.000 |
| 2012-05-14 | 0.000 | 0.000 |
| 2011-04-29 | 3.500 | 1.277 |
| 2010-05-14 | 8.000 | 2.323 |
| 2010-04-30 | 8.000 | 1.820 |
| 2009-09-01 | 8.000 | 1.556 |
| 2009-04-30 | 8.000 | 1.745 |
| 2009-04-20 | 12.000 | 2.478 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Stalprodukt is not paying a notable dividend for Poland, therefore no need to check if the payments are stable.
- Stalprodukt is not paying a notable dividend for Poland, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Stalprodukt's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Stalprodukt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Stalprodukt has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
STP Management
CEO
| COMPENSATION | PLN3,323,508 |
| AGE | 63 |
| TENURE AS CEO | 14.8 years |
CEO Bio
Mr. Piotr Janeczek has been the President of the Management Board and Chief Executive Officer at Stalprodukt Spólka Akcyjna (Zaklady Przetworstwa Hutniczego Stalprodukt Sa) since June 25, 2004 and served as its Vice President of the Management Board from January 2002 to June 2004. Mr. Janeczek is a graduate of Academy of Mining and Metallurgy in Cracow.
CEO Compensation
- Piotr's compensation has increased by more than 20% in the past year.
- Piotr's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure
Average tenure and age of the Stalprodukt management team in years:
- The average tenure for the Stalprodukt management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Piotr Janeczek
President of the Management Board & CEO
PLN3M
63
14.8 yrs
Lukasz Mentel
Financial Director & Member of the Management Board
PLN166K
41
5.3 yrs
Jozef Ryszka
Marketing Director & Member of Management Board
PLN1M
62
11.3 yrs
Magdalena Janeczek
Secretary & Member of Supervisory Board
PLN38K
2.3 yrs
Tadeusz Piekarz
Technical Director - Plenipotentiary for Quality and Environment Management - Proxy
Board of Directors Tenure
Average tenure of the Stalprodukt board of directors in years:
- The average tenure for the Stalprodukt board of directors is less than 3 years, this suggests a new board.
Board of Directors
Janusz Bodek
Chairman of Supervisory Board
PLN230K
51
1.3 yrs
Sanjay Samaddar
Vice Chairman of Supervisory Board
57
1.3 yrs
Magdalena Janeczek
Secretary & Member of Supervisory Board
PLN38K
2.3 yrs
Agata Sierpinska-Sawicz
Member of Supervisory Board
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (PLN) | Value (PLN) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Stalprodukt's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Stalprodukt 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.
STP News
Simply Wall St News
Are Investors Undervaluing Stalprodukt S.A. (WSE:STP) By 25%?
This is done using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth
Simply Wall St - – Full articleIs Stalprodukt S.A.'s (WSE:STP) P/E Ratio Really That Good?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Stalprodukt has a price to earnings ratio of 6.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCan You Imagine How Stalprodukt's (WSE:STP) Shareholders Feel About The 63% Share Price Increase?
(WSE:STP) share price is up 63% in the last 5 years, clearly besting than the market return of around -1.2% (ignoring dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … This EPS growth is higher than the 10% average annual increase in the share price.
Simply Wall St - – Full articleWhat Should Investors Know About Stalprodukt S.A.'s (WSE:STP) Future?
Help shape the future of investing tools and receive a $20 prize! … (WSE:STP) released its earnings update. … with earnings expected to grow by 9.7% in the upcoming year
Simply Wall St - – Full articleAre Stalprodukt S.A.’s Returns On Capital Worth Investigating?
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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhy Stalprodukt S.A.'s (WSE:STP) CEO Pay Matters To You
Piotr Janeczek became the CEO of Stalprodukt S.A. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Piotr Janeczek's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleStalprodukt S.A. (WSE:STP) Is Trading At A 47.86% Discount
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Stalprodukt S.A.'s (WSE:STP) Shareholder Register?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleWhat Should We Expect From Stalprodukt SA's (WSE:STP) Earnings Over The Next Year?
In June 2018, Stalprodukt SA (WSE:STP) released its earnings update. … analyst forecasts seem fairly subdued, … the higher past 5-year average growth rate of 32%
Simply Wall St - – Full articleThese Factors Make Stalprodukt SA (WSE:STP) An Interesting Investment
Stalprodukt SA (WSE:STP) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … is a company that has been able to sustain great financial health, trading at an attractive share price.
Simply Wall St - – Full articleSTP Company Info
Description
Stalprodukt S.A., together with its subsidiaries, manufactures and exports processed steel products in Poland. It offers cold rolled electrical steel; cold rolled sections, such as closed and open structural profiles, precision structural tubing, reinforcing sections for PVC profiles, and special purpose sections; cold and hot rolled sheets, coils, and strips; transformer cores; and steel safety barriers. The company is also involved in the wholesale trading of steel products; production of steel structures and spare parts; provision of repair services; production of metal elements for construction carpentry; maintenance of roads; and assembly of road barriers. In addition, it engages in the provision of galvanizing and security services; production of galvanized strips and wires; non-ferrous metals mining; production of zinc and lead; and design of renewable energy sources. The company was formerly known as ZPH Stalprodukt S.A. and changed its name to Stalprodukt S.A. in 2005. Stalprodukt S.A. was founded in 1971 and is based in Bochnia, Poland.
Details
| Name: | Stalprodukt S.A. |
| STP | |
| Exchange: | WSE |
| Founded: | 1971 |
| PLN1,897,290,780 | |
| 5,580,267 | |
| Website: | http://www.stalprodukt.com.pl |
| Address: |
Stalprodukt S.A. ul. Wygoda 69, Bochnia, 32-700, Poland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WSE | STP | Common Bearer Shares | Warsaw Stock Exchange | PL | PLN | 07. Aug 1997 | |
| LSE | 0LYR | Common Bearer Shares | London Stock Exchange | GB | PLN | 07. Aug 1997 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/17 20:57 |
| End of day share price update: | 2019/04/17 00:00 |
| Last estimates confirmation: | 2019/03/26 |
| Last earnings filing: | 2019/02/28 |
| Last earnings reported: | 2018/12/31 |
| 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.
