Executive Summary
Stalprodukt S.A., together with its subsidiaries, manufactures and exports processed steel products in Poland.
Snowflake
Fundamentals
Flawless balance sheet and good value.
Share Price & News
How has Stalprodukt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.2%
STP
2.2%
PL Metals and Mining
1.1%
PL Market
1 Year Return
-40.4%
STP
-26.4%
PL Metals and Mining
-2.5%
PL Market
Return vs Industry: STP underperformed the Polish Metals and Mining industry which returned -26.4% over the past year.
Return vs Market: STP underperformed the Polish Market which returned -2.5% over the past year.
Shareholder returns
| STP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 2.2% | 1.1% |
| 30 Day | -2.8% | -2.9% | -0.5% |
| 90 Day | 9.6% | -19.0% | -6.7% |
| 1 Year | -39.2%-40.4% | -24.4%-26.4% | 0.5%-2.5% |
| 3 Year | -46.6%-48.3% | -18.7%-22.8% | 11.1%3.1% |
| 5 Year | -11.9%-16.0% | -24.7%-30.6% | -0.5%-12.6% |
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
2 weeks ago | Simply Wall St
Should Stalprodukt S.A.’s (WSE:STP) Weak Investment Returns Worry You?1 month ago | Simply Wall St
Does Market Volatility Impact Stalprodukt S.A.'s (WSE:STP) Share Price?1 month ago | Simply Wall St
Can We See Significant Institutional Ownership On The Stalprodukt S.A. (WSE:STP) Share Register?Valuation
Is Stalprodukt undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STP (PLN223.5) is trading below our estimate of fair value (PLN449.65)
Significantly Below Fair Value: STP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STP is poor value based on its PE Ratio (6.6x) compared to the Metals and Mining industry average (6.3x).
PE vs Market: STP is good value based on its PE Ratio (6.6x) compared to the Polish market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: STP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: STP is good value based on its PB Ratio (0.5x) compared to the PL Metals and Mining industry average (0.8x).
Next Steps
Future Growth
How is Stalprodukt forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STP's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: STP's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: STP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STP's revenue (3.1% per year) is forecast to grow slower than the Polish market (5.8% per year).
High Growth Revenue: STP's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STP's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has Stalprodukt performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: STP's earnings have grown by 14.1% 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 (-33.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (-24.2%).
Return on Equity
High ROE: STP's Return on Equity (7.8%) is considered low.
Return on Assets
ROA vs Industry: STP's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: STP's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Stalprodukt's financial position?
Financial Position Analysis
Short Term Liabilities: STP's short term assets (PLN2.0B) exceeds its short term liabilities (PLN865.4M)
Long Term Liabilities: STP's short term assets (2.0B) exceeds its long term liabilities (939.7M)
Debt to Equity History and Analysis
Debt Level: STP's debt to equity ratio (12.9%) is considered satisfactory
Reducing Debt: STP's debt to equity ratio has reduced from 13% to 12.9% over the past 5 years.
Debt Coverage: STP's debt is well covered by operating cash flow (67.3%).
Interest Coverage: STP's interest payments on its debt are well covered by EBIT (16.8x coverage).
Balance Sheet
Inventory Level: STP has a high level of physical assets or inventory.
Debt Coverage by Assets: STP's debt is covered by short term assets (assets are 6.039020x debt).
Next Steps
Dividend
What is Stalprodukt's current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: STP's dividend (2.24%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.67%).
High Dividend: STP's dividend (2.24%) is low compared to the top 25% of dividend payers in the Polish market (7.37%).
Stable Dividend: STP's dividend payments have been volatile in the past 10 years.
Growing Dividend: STP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.7%), STP's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STP's dividends in 3 years are forecast to be well covered by earnings (15.7% payout ratio).
Next Steps
Management
What is the CEO of Stalprodukt's salary, the management and board of directors tenure and is there insider trading?
8.8yrs
Average management tenure
CEO
Piotr Janeczek (64yo)
15.3yrs
Tenure
zł3,323,508
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 ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).
Compensation vs Earnings: Piotr's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
8.8yrs
Average Tenure
63yo
Average Age
Experienced Management: STP's management team is seasoned and experienced (8.8 years average tenure).
Board Age and Tenure
1.8yrs
Average Tenure
Experienced Board: STP's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Management Team
Piotr Janeczek (64yo)
President of the Management Board & CEO
- Tenure: 15.3yrs
- Compensation: zł3.32m
Józef Ryszka (63yo)
Marketing Director & Member of Management Board
- Tenure: 11.8yrs
- Compensation: zł1.46m
Lukasz Mentel (42yo)
Financial Director & Member of the Management Board
- Tenure: 5.8yrs
- Compensation: zł166.38k
Tadeusz Piekarz
Technical Director - Plenipotentiary for Quality and Environment Management - Proxy
- Tenure: 0yrs
Magdalena Janeczek
Secretary & Member of Supervisory Board
- Tenure: 2.8yrs
- Compensation: zł37.92k
Board Members
Janusz Bodek (52yo)
Chairman of Supervisory Board
- Tenure: 1.8yrs
- Compensation: zł230.23k
Sanjay Samaddar (58yo)
Vice Chairman of Supervisory Board
- Tenure: 1.8yrs
Magdalena Janeczek
Secretary & Member of Supervisory Board
- Tenure: 2.8yrs
- Compensation: zł37.92k
Agata Sierpinska-Sawicz
Member of Supervisory Board
- Tenure: 1.8yrs
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: zł1.247b
- Shares outstanding: 5.58m
- Website: https://www.stalprodukt.com.pl
Location
- Stalprodukt S.A.
- ul. Wygoda 69
- Bochnia
- 32-700
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| STP | WSE (Warsaw Stock Exchange) | Yes | Common Bearer Shares | PL | PLN | Aug 1997 |
Biography
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 structur ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:41 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.