WSE:ZAP

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Zaklady Azotowe Pulawy

Executive Summary

Zaklady Azotowe Pulawy S.A. manufactures and sells fertilizer and chemical products worldwide. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Zaklady Azotowe Pulawy's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-1.9%

ZAP

-2.9%

PL Chemicals

-3.0%

PL Market


1 Year Return

1.1%

ZAP

6.7%

PL Chemicals

-0.3%

PL Market

Return vs Industry: ZAP underperformed the Polish Chemicals industry which returned 6.9% over the past year.

Return vs Market: ZAP exceeded the Polish Market which returned -0.4% over the past year.


Shareholder returns

ZAPIndustryMarket
7 Day-1.9%-2.9%-3.0%
30 Day7.1%5.9%2.7%
90 Day22.4%16.3%16.8%
1 Year7.1%1.1%8.8%6.7%0.7%-0.3%
3 Year-36.9%-43.6%-37.3%-43.2%-13.3%-18.5%
5 Year-55.0%-63.7%-45.9%-52.9%26.2%11.9%

Long-Term Price Volatility Vs. Market

How volatile is Zaklady Azotowe Pulawy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zaklady Azotowe Pulawy 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: ZAP (PLN93) is trading below our estimate of fair value (PLN828.31)

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


Price To Earnings Ratio

PE vs Industry: ZAP is good value based on its PE Ratio (7.9x) compared to the PL Chemicals industry average (15.5x).

PE vs Market: ZAP is good value based on its PE Ratio (7.9x) compared to the Polish market (13.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ZAP is good value based on its PB Ratio (0.5x) compared to the PL Chemicals industry average (0.9x).


Next Steps

Future Growth

How is Zaklady Azotowe Pulawy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

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 Zaklady Azotowe Pulawy 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 Zaklady Azotowe Pulawy performed over the past 5 years?

-16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZAP has high quality earnings.

Growing Profit Margin: ZAP's current net profit margins (7%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: ZAP's earnings have declined by 16.2% per year over the past 5 years.

Accelerating Growth: ZAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ZAP had negative earnings growth (-11%) over the past year, making it difficult to compare to the Chemicals industry average (-1.4%).


Return on Equity

High ROE: ZAP's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Zaklady Azotowe Pulawy's financial position?


Financial Position Analysis

Short Term Liabilities: ZAP's short term assets (PLN1.6B) exceed its short term liabilities (PLN993.4M).

Long Term Liabilities: ZAP's short term assets (PLN1.6B) exceed its long term liabilities (PLN573.3M).


Debt to Equity History and Analysis

Debt Level: ZAP's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: ZAP's debt to equity ratio has increased from 0.6% to 1.3% over the past 5 years.

Debt Coverage: ZAP's debt is well covered by operating cash flow (1451.5%).

Interest Coverage: ZAP's interest payments on its debt are well covered by EBIT (153.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Zaklady Azotowe Pulawy current dividend yield, its reliability and sustainability?

5.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZAP's dividend (5.86%) is higher than the bottom 25% of dividend payers in the Polish market (1.57%).

High Dividend: ZAP's dividend (5.86%) is in the top 25% of dividend payers in the Polish market (5.1%)


Stability and Growth of Payments

Stable Dividend: ZAP's dividend payments have been volatile in the past 10 years.

Growing Dividend: ZAP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.3%), ZAP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Tomasz Hryniewicz

no data

Tenure

Mr. Tomasz Hryniewicz has been Chairman of the Board at Zaklady Azotowe Pulawy S.A. He has been Member of Management Board at Grupa Azoty S.A. since June 12, 2019 and has been its Vice President of Managem...


Leadership Team

NamePositionTenureCompensationOwnership
Zenon Pokojski
Vice-President of the Management Boardno datazł858.00kno data
Jacek Janiszek
Vice President of the Management Boardno datazł431.00kno data
Andrzej Skwarek
Member of Management Board4.67yrszł637.00kno data
Wiktor Cwynar
Secretary & Member of Supervisory Board3.58yrszł90.00kno data
Tomasz Hryniewicz
Chairman of the Boardno datano datano data
Pawel Owczarski
Vice-President of Management Board3.58yrszł302.00kno data
Marian Rybak
Member of Management Board13yrszł1.26mno data
Andrzej Skolmowski
Member of the Management Boardno datazł17.00kno data

4.7yrs

Average Tenure

Experienced Management: ZAP's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wiktor Cwynar
Secretary & Member of Supervisory Board3.58yrszł90.00kno data
Agnieszka Kowalik
Employee Representative Member of Supervisory Board0.58yrno datano data
Jacek Niescior
Independent Chairman of the Supervisory Board3.92yrszł102.00kno data
Maciej Marzec
Member of Supervisory Board3.58yrszł96.00kno data
Leszek Lewicki
Member of Supervisory Board3.92yrsno datano data
Krzysztof Majcher
Vice Chairman of Supervisory Board1yrzł90.00kno data
Piotr Sliwa
Employee Representative Member of Supervisory Board0.58yrno datano data

3.6yrs

Average Tenure

Experienced Board: ZAP's board of directors are considered experienced (3.6 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

Zaklady Azotowe Pulawy S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zaklady Azotowe Pulawy S.A.
  • Ticker: ZAP
  • Exchange: WSE
  • Founded: 1961
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: zł1.778b
  • Shares outstanding: 19.12m
  • Website: https://www.pulawy.com

Number of Employees


Location

  • Zaklady Azotowe Pulawy S.A.
  • Al. Tysiaclecia Panstwa Polskiego 13
  • Pulawy
  • 24-110
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZAPWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNNov 2005
0OIILSE (London Stock Exchange)YesCommon Bearer SharesGBPLNNov 2005

Biography

Zaklady Azotowe Pulawy S.A. manufactures and sells fertilizer and chemical products worldwide. Its fertilizers include ammonium nitrate under the PULAN name; PULGRAN, a nitrogen fertilizer rotoformed into ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 18:03
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.