WSE:STP

Stock Analysis Report

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Executive Summary

Stalprodukt S.A., together with its subsidiaries, manufactures and sells processed steel products in Poland. More Details

Rewards

PE ratio (12.8x) is below the Polish market (13.8x)

Earnings are forecast to grow 10.03% per year

Risk Analysis

No risks detected for STP from our risk checks.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: STP is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: STP's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

STP

-5.4%

PL Metals and Mining

-3.0%

PL Market


1 Year Return

54.0%

STP

73.5%

PL Metals and Mining

-0.3%

PL Market

Return vs Industry: STP underperformed the Polish Metals and Mining industry which returned 74.2% over the past year.

Return vs Market: STP exceeded the Polish Market which returned -0.4% over the past year.


Shareholder returns

STPIndustryMarket
7 Day-0.6%-5.4%-3.0%
30 Day26.2%6.8%2.7%
90 Day89.6%47.5%16.8%
1 Year54.0%54.0%75.1%73.5%0.7%-0.3%
3 Year-33.3%-35.1%17.5%13.0%-13.3%-18.5%
5 Year45.4%39.7%195.1%172.3%26.2%11.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: STP (PLN328) is trading above our estimate of fair value (PLN315.47)

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


Price To Earnings Ratio

PE vs Industry: STP is poor value based on its PE Ratio (12.8x) compared to the PL Metals and Mining industry average (11.3x).

PE vs Market: STP is good value based on its PE Ratio (12.8x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

PEG Ratio: STP is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: STP is good value based on its PB Ratio (0.7x) compared to the PL Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is Stalprodukt forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STP's forecast earnings growth (10% per year) is above the savings rate (2.7%).

Earnings vs Market: STP's earnings (10% per year) are forecast to grow slower than the Polish market (17.9% per year).

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

Revenue vs Market: STP's revenue (0.04% per year) is forecast to grow slower than the Polish market (6% per year).

High Growth Revenue: STP's revenue (0.04% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Stalprodukt performed over the past 5 years?

-11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STP has high quality earnings.

Growing Profit Margin: STP's current net profit margins (4.2%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: STP's earnings have declined by 11.8% per year over the past 5 years.

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

Earnings vs Industry: STP had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (-3.8%).


Return on Equity

High ROE: STP's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is Stalprodukt's financial position?


Financial Position Analysis

Short Term Liabilities: STP's short term assets (PLN1.8B) exceed its short term liabilities (PLN585.3M).

Long Term Liabilities: STP's short term assets (PLN1.8B) exceed its long term liabilities (PLN838.7M).


Debt to Equity History and Analysis

Debt Level: STP's debt to equity ratio (4.3%) is considered satisfactory.

Reducing Debt: STP's debt to equity ratio has reduced from 6.8% to 4.3% over the past 5 years.

Debt Coverage: STP's debt is well covered by operating cash flow (315.1%).

Interest Coverage: STP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Stalprodukt current dividend yield, its reliability and sustainability?

3.95%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate STP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Piotr Janeczek (65 yo)

16.58yrs

Tenure

zł2,801,587

Compensation

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 a...


CEO Compensation Analysis

Compensation vs Market: Piotr's total compensation ($USD746.49K) is above average for companies of similar size in the Polish market ($USD391.38K).

Compensation vs Earnings: Piotr's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Piotr Janeczek
President of the Management Board & CEO16.58yrszł2.80m2.06%
PLN 37.7m
Lukasz Mentel
Financial Director & Member of the Management Board7yrszł1.12m0.0018%
PLN 32.8k
Magdalena Janeczek
Secretary & Member of Supervisory Board4yrszł97.21kno data
Tadeusz Piekarz
Technical Director - Plenipotentiary for Quality and Environment Management - Proxyno datano datano data

7.0yrs

Average Tenure

Experienced Management: STP's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Magdalena Janeczek
Secretary & Member of Supervisory Board4yrszł97.21kno data
Janusz Bodek
Chairman of Supervisory Board3.08yrszł135.03k1.11%
PLN 20.3m
Sanjay Samaddar
Vice Chairman of Supervisory Board3.08yrsno datano data
Agata Sierpinska-Sawicz
Member of Supervisory Board3.08yrszł90.07kno data
Romuald Talarek
Member of Supervisory Board3.08yrszł89.11kno data

3.1yrs

Average Tenure

Experienced Board: STP's board of directors are considered experienced (3.1 years average tenure).


Ownership

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

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


Key Information

  • Name: Stalprodukt S.A.
  • Ticker: STP
  • Exchange: WSE
  • Founded: 1971
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł1.830b
  • Shares outstanding: 5.58m
  • Website: https://www.stalprodukt.com.pl

Number of Employees


Location

  • Stalprodukt S.A.
  • ul. Wygoda 69
  • Bochnia
  • 32-700
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STPWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 1997
0LYRLSE (London Stock Exchange)YesCommon Bearer SharesGBPLNAug 1997

Biography

Stalprodukt S.A., together with its subsidiaries, manufactures and sells processed steel products in Poland. The company operates through three segments: Electrical Steels, Formed Profiles, and Zinc. It of...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:10
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
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.