WSE:WAX

Stock Analysis Report

Przedsiebiorstwo Produkcyjno Handlowe WADEX

Executive Summary

Przedsiebiorstwo Produkcyjno Handlowe WADEX S.A.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Przedsiebiorstwo Produkcyjno Handlowe WADEX's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WAX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

WAX

-0.5%

PL Metals and Mining

-0.09%

PL Market


1 Year Return

21.7%

WAX

-18.0%

PL Metals and Mining

-7.7%

PL Market

Return vs Industry: WAX exceeded the Polish Metals and Mining industry which returned -18% over the past year.

Return vs Market: WAX exceeded the Polish Market which returned -7.6% over the past year.


Shareholder returns

WAXIndustryMarket
7 Day-2.1%-0.5%-0.09%
30 Day-4.4%-4.2%-1.8%
90 Day-1.8%2.9%-1.0%
1 Year21.7%21.7%-16.0%-18.0%-4.9%-7.7%
3 Year29.5%8.3%-36.0%-38.6%-4.4%-11.2%
5 Year131.7%52.9%-11.1%-18.2%3.0%-10.0%

Price Volatility Vs. Market

How volatile is Przedsiebiorstwo Produkcyjno Handlowe WADEX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Przedsiebiorstwo Produkcyjno Handlowe WADEX undervalued compared to its fair value and its price relative to the market?

14.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WAX (PLN6.5) is trading above our estimate of fair value (PLN3.49)

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


Price To Earnings Ratio

PE vs Industry: WAX is poor value based on its PE Ratio (14x) compared to the Metals and Mining industry average (7.6x).

PE vs Market: WAX is poor value based on its PE Ratio (14x) compared to the Polish market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WAX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WAX is overvalued based on its PB Ratio (1.7x) compared to the PL Metals and Mining industry average (0.8x).


Next Steps

Future Growth

How is Przedsiebiorstwo Produkcyjno Handlowe WADEX forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-3.2%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Przedsiebiorstwo Produkcyjno Handlowe WADEX has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Przedsiebiorstwo Produkcyjno Handlowe WADEX performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WAX has high quality earnings.

Growing Profit Margin: WAX's current net profit margins (7%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: WAX's earnings have declined by -0.8% per year over the past 5 years.

Accelerating Growth: WAX's earnings growth over the past year (29.9%) exceeds its 5-year average (-0.8% per year).

Earnings vs Industry: WAX earnings growth over the past year (29.9%) exceeded the Metals and Mining industry -42.4%.


Return on Equity

High ROE: WAX's Return on Equity (12.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Przedsiebiorstwo Produkcyjno Handlowe WADEX's financial position?


Financial Position Analysis

Short Term Liabilities: WAX's short term assets (PLN12.8M) exceed its short term liabilities (PLN5.0M).

Long Term Liabilities: WAX's short term assets (PLN12.8M) exceed its long term liabilities (PLN1.6M).


Debt to Equity History and Analysis

Debt Level: WAX is debt free.

Reducing Debt: WAX currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: WAX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: WAX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: WAX has a high level of physical assets or inventory.

Debt Coverage by Assets: WAX's debt is not covered by short term assets (assets are -62.3x debt).


Next Steps

Dividend

What is Przedsiebiorstwo Produkcyjno Handlowe WADEX's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.7%industryaverage6.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate WAX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate WAX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WAX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WAX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: WAX is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WAX'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?

zł490k

CEO Compensation


CEO

Zbigniew Piechocinski 0

30.1yrs

Tenure

zł490,000

Compensation

Mr. Zbigniew Piechocinski has been President of the Management Board at PPH Wadex SA since 1990 and serves as its Executive Director. 


CEO Compensation Analysis

Compensation vs Market: Zbigniew's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD157.18K).

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


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

Przedsiebiorstwo Produkcyjno Handlowe WADEX S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Przedsiebiorstwo Produkcyjno Handlowe WADEX S.A.
  • Ticker: WAX
  • Exchange: WSE
  • Founded: 1990
  • Industry: Steel
  • Sector: Materials
  • Market Cap: zł21.563m
  • Shares outstanding: 3.31m
  • Website: https://www.wadex.pl

Location

  • Przedsiebiorstwo Produkcyjno Handlowe WADEX S.A.
  • ul. Jerzmanowska 8
  • Wroclaw
  • 54-519
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WAXWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNAug 2008
0P2ULSE (London Stock Exchange)YesCommon Bearer SharesGBPLNAug 2008

Biography

Przedsiebiorstwo Produkcyjno Handlowe WADEX S.A. engages in the production and sale of rolled steel products in Poland, Scandinavian countries, Baltic Republics, Germany, Austria, the Czech Republic, and Slovakia. It offers combustion systems that are made of acid resistant steel for use in releasing exhaust gases from systems heated by gas or fuel oil, and ecological solid fuel. The company produces single- and double-walled chimney systems, which are used as the way of releasing exhaust gases, ventilation systems, and technological systems. It also offers meter boxes, expansion vessels for open heating systems, other elements made of stainless steel, subsystems, and ready-made products made of stainless steel. In addition, the company provides appliances that help to enhance chimney systems, including chimney draft controllers, cowls, and roto- and turbowents; and joining elements made of black steel, such as adjustable elbows, fixed elbows, pipes, tees, radiators, and wall transition pipes for fitters installing fireplaces. Its products are used in housing estate, as well as industry applications as elements of combustion systems or technological systems. Further, the company offers subsystems and final products for motor, building, and cargo industries, as well as home appliance producers. It serves distributors and assembly companies dealing in heating and sanitation facilities. The company was founded in 1990 and is based in Wroclaw, Poland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/15 22:01
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.