Stalprodukt S.A.

WSE:STP Stock Report

Market Cap: zł1.2b

Stalprodukt Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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 (PLN217) is trading above our estimate of fair value (PLN23.44)

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

Key Valuation Metric

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

Key metric: As STP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for STP. This is calculated by dividing STP's market cap by their current revenue.
What is STP's PS Ratio?
PS Ratio0.3x
Saleszł3.83b
Market Capzł1.17b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for STP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
COG Cognor Holding
0.5x14.0%zł1.2b
JSW Jastrzebska Spólka Weglowa
0.2x3.6%zł2.4b
FER Ferrum
0.3xn/azł238.6m
ODL Odlewnie Polskie
0.7xn/azł152.8m
STP Stalprodukt
0.3x5.7%zł1.2b

Price-To-Sales vs Peers: STP is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.4x).

Price to Sales Ratio vs Industry

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

39 CompaniesPrice / SalesEstimated GrowthMarket Cap
STP 0.3xIndustry Avg. 0.7xNo. of Companies39PS00.81.62.43.24+
39 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: STP is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

STP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: STP is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst STP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł217.00
zł326.98
+50.7%
17.1%zł405.00zł275.95n/a3
Dec ’25zł223.00
zł326.98
+46.6%
17.1%zł405.00zł275.95n/a3
Nov ’25zł240.00
zł326.98
+36.2%
17.1%zł405.00zł275.95n/a3
Oct ’25zł255.50
zł326.97
+28.0%
17.1%zł405.00zł275.90n/a3
Sep ’25zł236.00
zł359.49
+52.3%
12.7%zł405.00zł313.97n/a2
Aug ’25zł239.00
zł359.49
+50.4%
12.7%zł405.00zł313.97n/a2
Jul ’25zł226.00
zł359.49
+59.1%
12.7%zł405.00zł313.97n/a2
Jun ’25zł218.50
zł359.49
+64.5%
12.7%zł405.00zł313.97n/a2
May ’25zł214.00
zł359.49
+68.0%
12.7%zł405.00zł313.97n/a2
Apr ’25zł204.00
zł359.49
+76.2%
12.7%zł405.00zł313.97n/a2
Mar ’25zł211.00
zł359.49
+70.4%
12.7%zł405.00zł313.97n/a2
Feb ’25zł230.50
zł359.49
+56.0%
12.7%zł405.00zł313.97n/a2
Jan ’25zł241.00
zł359.49
+49.2%
12.7%zł405.00zł313.97n/a2
Dec ’24zł229.00
zł359.49
+57.0%
12.7%zł405.00zł313.97zł223.002
Nov ’24zł223.00
zł388.57
+74.2%
4.2%zł405.00zł372.13zł240.002
Oct ’24zł223.00
zł388.57
+74.2%
4.2%zł405.00zł372.13zł255.502
Sep ’24zł237.50
zł388.57
+63.6%
4.2%zł405.00zł372.13zł236.002
Aug ’24zł256.50
zł388.57
+51.5%
4.2%zł405.00zł372.13zł239.002
Jul ’24zł286.50
zł388.57
+35.6%
4.2%zł405.00zł372.13zł226.002
Jun ’24zł300.00
zł388.57
+29.5%
4.2%zł405.00zł372.13zł218.502
May ’24zł302.00
zł408.36
+35.2%
0.8%zł411.72zł405.00zł214.002
Apr ’24zł288.00
zł408.36
+41.8%
0.8%zł411.72zł405.00zł204.002
Mar ’24zł256.00
zł408.36
+59.5%
0.8%zł411.72zł405.00zł211.002
Feb ’24zł300.00
zł408.36
+36.1%
0.8%zł411.72zł405.00zł230.502
Jan ’24zł238.00
zł408.35
+71.6%
0.8%zł411.70zł405.00zł241.002
Dec ’23zł240.00
zł408.36
+70.2%
0.8%zł411.72zł405.00zł229.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 19:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Stalprodukt S.A. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tomasz KrukowskiDeutsche Bank
Krzysztof KawaErste Group Bank AG
Henning EsskuchenErste Group Bank AG