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Stalprodukt

WSE:STP
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STP
WSE
PLN1B
Market Cap
  1. Home
  2. PL
  3. Materials
Company description

Stalprodukt S.A., together with its subsidiaries, manufactures and exports processed steel products in Poland. The last earnings update was 35 days ago. More info.


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  • Stalprodukt has significant price volatility in the past 3 months.
STP Share Price and Events
7 Day Returns
-0.6%
WSE:STP
2.9%
PL Metals and Mining
1%
PL Market
1 Year Returns
-48.4%
WSE:STP
-7.3%
PL Metals and Mining
2.6%
PL Market
STP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stalprodukt (STP) -0.6% 2.1% -25.3% -48.4% -24.8% 14.9%
PL Metals and Mining 2.9% 2.5% -8.1% -7.3% 43.6% -10.5%
PL Market 1% 4.6% -3.1% 2.6% 15% -7.4%
1 Year Return vs Industry and Market
  • STP underperformed the Metals and Mining industry which returned -7.3% over the past year.
  • STP underperformed the Market in Poland which returned 2.6% over the past year.
Price Volatility
STP
Industry
5yr Volatility vs Market

STP Value

 Is Stalprodukt undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Stalprodukt to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Stalprodukt.

WSE:STP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:STP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 19%) (36.11%))
1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.226 * 7.14%)
11.61%

Discounted Cash Flow Calculation for WSE:STP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stalprodukt is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:STP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 11.61%)
2019 173.00 Analyst x1 155.01
2020 186.97 Analyst x3 150.10
2021 101.00 Analyst x1 72.65
2022 190.00 Analyst x1 122.46
2023 231.00 Analyst x1 133.41
2024 253.16 Est @ 9.59% 131.00
2025 272.32 Est @ 7.57% 126.26
2026 289.08 Est @ 6.15% 120.09
2027 304.01 Est @ 5.16% 113.16
2028 317.59 Est @ 4.47% 105.92
Present value of next 10 years cash flows PLN1,230.07
WSE:STP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN317.59 × (1 + 2.85%) ÷ (11.61% – 2.85%)
PLN3,730.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN3,730.49 ÷ (1 + 11.61%)10
PLN1,244.19
WSE:STP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN1,230.07 + PLN1,244.19
PLN2,474.26
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN2,474.26 / 5.58
PLN443.39
WSE:STP Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN443.39
Current discount Discount to share price of PLN239.00
= -1 x (PLN239.00 - PLN443.39) / PLN443.39
46.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Stalprodukt is available for.
Intrinsic value
46%
Share price is PLN239 vs Future cash flow value of PLN443.39
Current Discount Checks
For Stalprodukt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stalprodukt's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Stalprodukt's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Stalprodukt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stalprodukt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:STP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN37.89
WSE:STP Share Price ** WSE (2019-06-19) in PLN PLN239
Poland Metals and Mining Industry PE Ratio Median Figure of 15 Publicly-Listed Metals and Mining Companies 6.28x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Stalprodukt.

WSE:STP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:STP Share Price ÷ EPS (both in PLN)

= 239 ÷ 37.89

6.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stalprodukt is overvalued based on earnings compared to the PL Metals and Mining industry average.
  • Stalprodukt is good value based on earnings compared to the Poland market.
Price based on expected Growth
Does Stalprodukt's expected growth come at a high price?
Raw Data
WSE:STP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-7.7%per year
Poland Metals and Mining Industry PEG Ratio Median Figure of 11 Publicly-Listed Metals and Mining Companies 0.41x
Poland Market PEG Ratio Median Figure of 109 Publicly-Listed Companies 1.05x

*Line of best fit is calculated by linear regression .

WSE:STP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.31x ÷ -7.7%

-0.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stalprodukt earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stalprodukt's assets?
Raw Data
WSE:STP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN442.50
WSE:STP Share Price * WSE (2019-06-19) in PLN PLN239
Poland Metals and Mining Industry PB Ratio Median Figure of 18 Publicly-Listed Metals and Mining Companies 0.73x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.98x
WSE:STP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:STP Share Price ÷ Book Value per Share (both in PLN)

= 239 ÷ 442.50

0.54x

* Primary Listing of Stalprodukt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Stalprodukt is good value based on assets compared to the PL Metals and Mining industry average.
X
Value checks
We assess Stalprodukt's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Stalprodukt has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

STP Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stalprodukt expected to grow at an attractive rate?
  • Stalprodukt's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Stalprodukt's earnings are expected to decrease over the next 1-3 years, this is below the Poland market average.
  • Stalprodukt's revenue growth is positive but not above the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:STP Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:STP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -7.7%
WSE:STP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.1%
Poland Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Poland Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:STP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:STP Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,113 337 163 2
2022-12-31 4,112 341 168 2
2021-12-31 4,091 269 181 2
2020-12-31 4,108 370 227 3
2019-12-31 3,734 433 221 1
WSE:STP Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 3,981 226 211
2018-12-31 3,957 350 270
2018-09-30 3,889 323 282
2018-06-30 3,776 490 286
2018-03-31 3,578 433 272
2017-12-31 3,501 432 255
2017-09-30 3,460 448 278
2017-06-30 3,345 196 285
2017-03-31 3,316 388 343
2016-12-31 3,141 267 326
2016-09-30 3,069 366 301
2016-06-30 3,078 463 297

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stalprodukt's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Stalprodukt's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:STP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Stalprodukt Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:STP Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 25.60 25.60 25.60 1.00
2020-12-31 43.10 47.30 38.90 2.00
2019-12-31 39.60 39.60 39.60 1.00
WSE:STP Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 37.89
2018-12-31 48.44
2018-09-30 50.62
2018-06-30 51.19
2018-03-31 48.68
2017-12-31 45.63
2017-09-30 49.90
2017-06-30 50.99
2017-03-31 62.52
2016-12-31 58.38
2016-09-30 54.85
2016-06-30 51.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Stalprodukt is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stalprodukt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Stalprodukt has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

STP Past Performance

  How has Stalprodukt performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Stalprodukt's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Stalprodukt's year on year earnings growth rate has been positive over the past 5 years.
  • Stalprodukt's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Stalprodukt's 1-year earnings growth is negative, it can't be compared to the PL Metals and Mining industry average.
Earnings and Revenue History
Stalprodukt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Stalprodukt Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:STP Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,981.49 211.43 244.52
2018-12-31 3,956.69 270.29 238.67
2018-09-30 3,889.18 282.47 230.80
2018-06-30 3,776.12 285.67 217.67
2018-03-31 3,577.76 271.67 215.77
2017-12-31 3,501.09 254.63 212.57
2017-09-30 3,459.92 278.48 210.54
2017-06-30 3,345.24 284.54 212.38
2017-03-31 3,316.30 342.89 210.91
2016-12-31 3,140.94 325.78 208.85
2016-09-30 3,068.94 301.15 213.35
2016-06-30 3,078.07 296.96 212.16
2016-03-31 3,060.24 242.72 215.56
2015-12-31 3,131.69 219.07 217.60
2015-09-30 3,096.53 194.59 213.68
2015-06-30 3,037.11 154.63 213.40
2015-03-31 2,937.04 124.03 209.57
2014-12-31 2,858.54 91.07 207.82
2014-09-30 2,807.55 91.88 204.85
2014-06-30 2,790.51 76.53 199.77
2014-03-31 2,757.06 63.49 198.36
2013-12-31 2,806.52 72.75 197.55
2013-09-30 2,508.46 37.38 175.64
2013-06-30 2,243.85 34.89 163.89
2013-03-31 2,061.29 49.09 151.73
2012-12-31 1,808.72 63.43 139.02
2012-09-30 1,926.89 101.65 143.57
2012-06-30 1,985.43 129.48 145.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Stalprodukt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stalprodukt used its assets more efficiently than the PL Metals and Mining industry average last year based on Return on Assets.
  • Stalprodukt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stalprodukt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Stalprodukt has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

STP Health

 How is Stalprodukt's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Stalprodukt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stalprodukt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Stalprodukt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Stalprodukt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Stalprodukt Company Filings, last reported 2 months ago.

WSE:STP Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,568.93 481.60 529.23
2018-12-31 2,699.84 353.40 596.01
2018-09-30 2,687.76 336.31 635.65
2018-06-30 2,491.96 492.96 732.01
2018-03-31 2,395.30 451.50 691.43
2017-12-31 2,225.41 343.02 666.84
2017-09-30 2,133.63 299.60 578.77
2017-06-30 2,191.42 446.54 593.78
2017-03-31 2,026.12 424.63 562.14
2016-12-31 1,936.75 364.88 451.57
2016-09-30 1,937.96 343.57 370.10
2016-06-30 1,925.43 245.62 314.39
2016-03-31 2,006.92 351.51 378.32
2015-12-31 2,049.90 199.12 402.84
2015-09-30 2,128.93 147.27 312.11
2015-06-30 1,975.15 238.91 302.99
2015-03-31 1,867.64 281.93 236.80
2014-12-31 1,846.65 229.30 229.27
2014-09-30 1,771.87 194.43 166.84
2014-06-30 1,769.75 235.91 122.25
2014-03-31 1,764.65 255.34 153.60
2013-12-31 1,756.33 189.67 152.39
2013-09-30 2,054.89 243.95 189.82
2013-06-30 2,044.01 283.43 133.72
2013-03-31 2,043.75 321.10 120.69
2012-12-31 1,577.22 178.61 77.51
2012-09-30 1,586.47 20.30 142.63
2012-06-30 1,579.28 32.59 121.04
  • Stalprodukt's level of debt (15.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.5% vs 15.7% today).
  • Debt is well covered by operating cash flow (56.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.9x coverage).
X
Financial health checks
We assess Stalprodukt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Stalprodukt has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

STP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.09%
Current annual income from Stalprodukt dividends. Estimated to be 4.54% next year.
If you bought PLN2,000 of Stalprodukt shares you are expected to receive PLN42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Stalprodukt's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.85%).
  • Stalprodukt's dividend is below the markets top 25% of dividend payers in Poland (7.53%).
Upcoming dividend payment

Purchase Stalprodukt before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:STP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Poland Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.2%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.9%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:STP Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 19.40 1.00
2020-12-31 12.40 2.00
2019-12-31 5.00 2.00
WSE:STP Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-05-15 5.000 2.108
2019-02-28 5.000 1.549
2018-04-27 3.000 0.770
2018-02-28 3.000 0.658
2017-04-28 3.000 0.598
2017-02-28 3.000 0.515
2016-08-30 3.000 0.620
2016-04-27 3.000 0.917
2015-05-15 2.000 0.619
2015-04-30 2.000 0.439
2015-02-27 2.000 0.471
2014-11-14 0.600 0.164
2014-08-29 0.600 0.234
2014-05-15 0.600 0.284
2014-04-30 0.600 0.265
2013-11-14 1.000 0.495
2013-08-30 1.000 0.507
2013-04-30 1.000 0.586
2013-02-28 0.000 0.000
2012-11-13 0.000 0.000
2012-08-31 0.000 0.000
2012-05-14 0.000 0.000
2011-04-29 3.500 1.277
2010-05-14 8.000 2.323
2010-04-30 8.000 1.820
2009-09-01 8.000 1.556

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Stalprodukt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Stalprodukt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stalprodukt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stalprodukt has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

STP Management

 What is the CEO of Stalprodukt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Piotr Janeczek
COMPENSATION PLN3,323,508
AGE 63
TENURE AS CEO 15 years
CEO Bio

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 as its Vice President of the Management Board from January 2002 to June 2004. Mr. Janeczek is a graduate of Academy of Mining and Metallurgy in Cracow.

CEO Compensation
  • Piotr's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Piotr's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure and age of the Stalprodukt management team in years:

8.4
Average Tenure
62
Average Age
  • The average tenure for the Stalprodukt management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Piotr Janeczek

TITLE
President of the Management Board & CEO
COMPENSATION
PLN3M
AGE
63
TENURE
15 yrs

Lukasz Mentel

TITLE
Financial Director & Member of the Management Board
COMPENSATION
PLN166K
AGE
41
TENURE
5.4 yrs

Jozef Ryszka

TITLE
Marketing Director & Member of Management Board
COMPENSATION
PLN1M
AGE
62
TENURE
11.4 yrs

Magdalena Janeczek

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
PLN38K
TENURE
2.4 yrs

Tadeusz Piekarz

TITLE
Technical Director - Plenipotentiary for Quality and Environment Management - Proxy
Board of Directors Tenure

Average tenure of the Stalprodukt board of directors in years:

1.5
Average Tenure
  • The average tenure for the Stalprodukt board of directors is less than 3 years, this suggests a new board.
Board of Directors

Janusz Bodek

TITLE
Chairman of Supervisory Board
COMPENSATION
PLN230K
AGE
51
TENURE
1.5 yrs

Sanjay Samaddar

TITLE
Vice Chairman of Supervisory Board
AGE
57
TENURE
1.5 yrs

Magdalena Janeczek

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
PLN38K
TENURE
2.4 yrs

Agata Sierpinska-Sawicz

TITLE
Member of Supervisory Board
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Stalprodukt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Stalprodukt has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

STP News

Simply Wall St News

Some Stalprodukt (WSE:STP) Shareholders Are Down 45%

We've already covered Stalprodukt's share price action, but we should also mention its total shareholder return (TSR). … Its history of dividend payouts mean that Stalprodukt's TSR, which was a 45% drop over the last year, was not as bad as the share price return. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

How Do Stalprodukt S.A.’s (WSE:STP) Returns Compare To Its Industry?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Stalprodukt: 0.086 = zł301m ÷ (zł4.4b - zł839m) (Based on the trailing twelve months to December 2018.) So, Stalprodukt has an ROCE of 8.6%. … Stalprodukt's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Stalprodukt S.A. (WSE:STP): Should The Future Outlook Worry You?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings release Stalprodukt S.A.'s (WSE:STP) announced in December 2018a

Simply Wall St -

Are Investors Undervaluing Stalprodukt S.A. (WSE:STP) By 25%?

This is done using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

Simply Wall St -

Is Stalprodukt S.A.'s (WSE:STP) P/E Ratio Really That Good?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Stalprodukt has a price to earnings ratio of 6.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can You Imagine How Stalprodukt's (WSE:STP) Shareholders Feel About The 63% Share Price Increase?

(WSE:STP) share price is up 63% in the last 5 years, clearly besting than the market return of around -1.2% (ignoring dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … This EPS growth is higher than the 10% average annual increase in the share price.

Simply Wall St -

What Should Investors Know About Stalprodukt S.A.'s (WSE:STP) Future?

Help shape the future of investing tools and receive a $20 prize! … (WSE:STP) released its earnings update. … with earnings expected to grow by 9.7% in the upcoming year

Simply Wall St -

Are Stalprodukt S.A.’s Returns On Capital Worth Investigating?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Why Stalprodukt S.A.'s (WSE:STP) CEO Pay Matters To You

Piotr Janeczek became the CEO of Stalprodukt S.A. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Piotr Janeczek's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Stalprodukt S.A. (WSE:STP) Is Trading At A 47.86% Discount

by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

STP Company Info

Description

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.

Details
Name: Stalprodukt S.A.
STP
Exchange: WSE
Founded: 1971
PLN1,333,683,813
5,580,267
Website: http://www.stalprodukt.com.pl
Address: Stalprodukt S.A.
ul. Wygoda 69,
Bochnia,
32-700,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE STP Common Bearer Shares Warsaw Stock Exchange PL PLN 07. Aug 1997
Number of employees
Current staff
Staff numbers
0
Stalprodukt employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:46
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/19
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.