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STP

Stalprodukt WSE:STP Stock Report

Last Price

zł263.00

Market Cap

zł1.5b

7D

-11.3%

1Y

-33.9%

Updated

26 Jun, 2022

Data

Company Financials +
STP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

STP Stock Overview

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

Stalprodukt Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Stalprodukt
Historical stock prices
Current Share Pricezł263.00
52 Week Highzł399.50
52 Week Lowzł246.00
Beta1.2
1 Month Change-14.61%
3 Month Change-22.53%
1 Year Change-33.92%
3 Year Change8.68%
5 Year Change-48.82%
Change since IPO952.00%

Recent News & Updates

Jun 13
Stalprodukt (WSE:STP) Is Increasing Its Dividend To zł12.00

Stalprodukt (WSE:STP) Is Increasing Its Dividend To zł12.00

Stalprodukt S.A.'s ( WSE:STP ) dividend will be increasing to zł12.00 on 14th of July. This will take the annual...

May 30
Stalprodukt (WSE:STP) Is Increasing Its Dividend To zł12.00

Stalprodukt (WSE:STP) Is Increasing Its Dividend To zł12.00

The board of Stalprodukt S.A. ( WSE:STP ) has announced that it will be increasing its dividend on the 14th of July to...

May 10
Stalprodukt (WSE:STP) Could Easily Take On More Debt

Stalprodukt (WSE:STP) Could Easily Take On More Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

STPPL Metals and MiningPL Market
7D-11.3%-7.6%0.6%
1Y-33.9%-23.0%-23.8%

Return vs Industry: STP underperformed the Polish Metals and Mining industry which returned -23% over the past year.

Return vs Market: STP underperformed the Polish Market which returned -23.8% over the past year.

Price Volatility

Is STP's price volatile compared to industry and market?
STP volatility
STP Average Weekly Movement4.9%
Metals and Mining Industry Average Movement5.5%
Market Average Movement6.3%
10% most volatile stocks in PL Market11.3%
10% least volatile stocks in PL Market4.2%

Stable Share Price: STP is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: STP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19715,410Piotr Janeczekhttps://www.stalprodukt.com.pl

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

Stalprodukt Fundamentals Summary

How do Stalprodukt's earnings and revenue compare to its market cap?
STP fundamental statistics
Market Capzł1.47b
Earnings (TTM)zł589.67m
Revenue (TTM)zł5.14b

2.5x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STP income statement (TTM)
Revenuezł5.14b
Cost of Revenuezł4.24b
Gross Profitzł899.23m
Other Expenseszł309.57m
Earningszł589.67m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 31, 2022

Earnings per share (EPS)105.67
Gross Margin17.50%
Net Profit Margin11.48%
Debt/Equity Ratio2.0%

How did STP perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

11%

Payout Ratio

Does STP pay a reliable dividends?

See STP dividend history and benchmarks
When do you need to buy STP by to receive an upcoming dividend?
Stalprodukt dividend dates
Ex Dividend DateJul 01 2022
Dividend Pay DateJul 14 2022
Days until Ex dividend5 days
Days until Dividend pay date18 days

Does STP pay a reliable dividends?

See STP dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is STP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STP?

Other financial metrics that can be useful for relative valuation.

STP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA1.5x
PEG Ratio-0.05x

Price to Earnings Ratio vs Peers

How does STP's PE Ratio compare to its peers?

STP PE Ratio vs Peers
The above table shows the PE ratio for STP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.1x

Price-To-Earnings vs Peers: STP is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does STP's PE Ratio compare vs other companies in the Metals and Mining Industry?

Price-To-Earnings vs Industry: STP is good value based on its Price-To-Earnings Ratio (2.5x) compared to the Polish Metals and Mining industry average (4.9x)


Price to Earnings Ratio vs Fair Ratio

What is STP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.5x
Fair PE Ratio3.1x

Price-To-Earnings vs Fair Ratio: STP is good value based on its Price-To-Earnings Ratio (2.5x) compared to the estimated Fair Price-To-Earnings Ratio (3.1x).


Share Price vs Fair Value

What is the Fair Price of STP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STP (PLN263) is trading below our estimate of fair value (PLN1708.58)

Significantly Below Fair Value: STP is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: STP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-48.5%

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 (-48.5% per year).

Earnings vs Market: STP's earnings are forecast to decline over the next 3 years (-48.5% per year).

High Growth Earnings: STP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: STP's revenue is expected to decline over the next 3 years (-10.4% per year).

High Growth Revenue: STP's revenue is forecast to decline over the next 3 years (-10.4% 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


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Past Performance

How has Stalprodukt performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STP has a large one-off gain of PLN151.3M impacting its March 31 2022 financial results.

Growing Profit Margin: STP's current net profit margins (11.5%) are higher than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: STP's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: STP's earnings growth over the past year (165.8%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: STP earnings growth over the past year (165.8%) exceeded the Metals and Mining industry 67.5%.


Return on Equity

High ROE: STP's Return on Equity (17.4%) is considered low.


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Financial Health

How is Stalprodukt's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: STP's short term assets (PLN2.7B) exceed its short term liabilities (PLN1.0B).

Long Term Liabilities: STP's short term assets (PLN2.7B) exceed its long term liabilities (PLN604.6M).


Debt to Equity History and Analysis

Debt Level: STP has more cash than its total debt.

Reducing Debt: STP's debt to equity ratio has reduced from 20.6% to 2% over the past 5 years.

Debt Coverage: STP's debt is well covered by operating cash flow (446.5%).

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


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.56%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateJul 01 2022Dividend Pay DateJul 14 202213 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: STP's dividend (4.56%) is higher than the bottom 25% of dividend payers in the Polish market (2.76%).

High Dividend: STP's dividend (4.56%) is low compared to the top 25% of dividend payers in the Polish market (8.31%).


Stability and Growth of Payments

Stable Dividend: STP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: STP's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.4%), STP's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (41.7%), STP's dividend payments are well covered by cash flows.


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Management

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

8.4yrs

Average management tenure


CEO

Piotr Janeczek (66 yo)

18yrs

Tenure

zł1,350,849

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 ($USD303.68K) is about average for companies of similar size in the Polish market ($USD280.56K).

Compensation vs Earnings: Piotr's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: STP's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: STP's board of directors are considered experienced (4.5 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 employee growth, exchange listings and data sources


Key Information

  • Name: Stalprodukt S.A.
  • Ticker: STP
  • Exchange: WSE
  • Founded: 1971
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: zł1.468b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.