Executive Summary
Stalprodukt S.A., together with its subsidiaries, manufactures and exports processed steel products in Poland.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -5.1% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
14.2%
STP
6.3%
PL Metals and Mining
3.7%
PL Market
1 Year Return
-26.2%
STP
-18.2%
PL Metals and Mining
-16.4%
PL Market
Return vs Industry: STP underperformed the Polish Metals and Mining industry which returned -19% over the past year.
Return vs Market: STP underperformed the Polish Market which returned -17.9% over the past year.
Shareholder returns
| STP | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.2% | 6.3% | 3.7% |
| 30 Day | 28.1% | 13.2% | 9.7% |
| 90 Day | 9.7% | 11.2% | -2.9% |
| 1 Year | -24.7%-26.2% | -16.6%-18.2% | -14.4%-16.4% |
| 3 Year | -62.0%-63.2% | -34.5%-37.3% | -20.5%-26.0% |
| 5 Year | -61.0%-62.8% | -14.7%-19.8% | -16.3%-26.4% |
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
Read This Before You Buy Stalprodukt S.A. (WSE:STP) Because Of Its P/E Ratio4 weeks ago | Simply Wall St
Is Stalprodukt (WSE:STP) A Risky Investment?2 months ago | Simply Wall St
Are Investors Undervaluing Stalprodukt S.A. (WSE:STP) By 47%?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 (PLN176.8) is trading below our estimate of fair value (PLN541.82)
Significantly Below Fair Value: STP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: STP is good value based on its PE Ratio (7.6x) compared to the Metals and Mining industry average (7.7x).
PE vs Market: STP is good value based on its PE Ratio (7.6x) compared to the Polish market (11.1x).
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 (0.4x) 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 2 analysts?
-5.1%
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 (-5.1% per year).
Earnings vs Market: STP's earnings are forecast to decline over the next 3 years (-5.1% per year).
High Growth Earnings: STP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STP's revenue (0.4% per year) is forecast to grow slower than the Polish market (2.2% per year).
High Growth Revenue: STP's revenue (0.4% 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?
-2.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STP has high quality earnings.
Growing Profit Margin: STP's current net profit margins (3.5%) are lower than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: STP's earnings have declined by -2.6% 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 (-38.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-11.9%).
Return on Equity
High ROE: STP's Return on Equity (5.1%) is considered low.
Next Steps
Financial Health
How is Stalprodukt's financial position?
Financial Position Analysis
Short Term Liabilities: STP's short term assets (PLN1.9B) exceed its short term liabilities (PLN642.6M).
Long Term Liabilities: STP's short term assets (PLN1.9B) exceed its long term liabilities (PLN910.3M).
Debt to Equity History and Analysis
Debt Level: STP's debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: STP's debt to equity ratio has reduced from 14.8% to 5.5% over the past 5 years.
Debt Coverage: STP's debt is well covered by operating cash flow (305.5%).
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's current dividend yield, its reliability and sustainability?
1.41%
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?
6.4yrs
Average management tenure
CEO
Piotr Janeczek (64yo)
16yrs
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 ($USD0.00) is below average for companies of similar size in the Polish market ($USD196.44K).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of the Management Board & CEO | 16yrs | zł3.32m | 2.06% PLN20.3m | |
| Financial Director & Member of the Management Board | 6.42yrs | zł166.38k | 0.0018% PLN17.7k | |
| Secretary & Member of Supervisory Board | 3.42yrs | zł37.92k | no data | |
| Technical Director - Plenipotentiary for Quality and Environment Management - Proxy | no data | no data | no data |
6.4yrs
Average Tenure
Experienced Management: STP's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Secretary & Member of Supervisory Board | 3.42yrs | zł37.92k | no data | |
| Chairman of Supervisory Board | 2.5yrs | zł230.23k | 1.11% PLN11.0m | |
| Vice Chairman of Supervisory Board | 2.5yrs | no data | no data | |
| Member of Supervisory Board | 2.5yrs | no data | no data |
2.5yrs
Average Tenure
Experienced Board: STP's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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: zł986.591m
- 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 |
| 0LYR | LSE (London Stock Exchange) | Yes | Common Bearer Shares | GB | 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 21:09 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.