WSE:KBJ

Stock Analysis Report

Executive Summary

KBJ S.A. provides consulting services and implements software on SAP platform for large and medium sized companies in Poland and internationally.

Snowflake

Fundamentals

Outstanding track record with flawless balance sheet.

Share Price & News

How has KBJ's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

KBJ

1.3%

PL IT

0.7%

PL Market


1 Year Return

4.1%

KBJ

21.8%

PL IT

-4.5%

PL Market

Return vs Industry: KBJ underperformed the Polish IT industry which returned 21.8% over the past year.

Return vs Market: KBJ exceeded the Polish Market which returned -4.5% over the past year.


Shareholder returns

KBJIndustryMarket
7 Day1.1%1.3%0.7%
30 Day-1.1%-1.1%-2.5%
90 Day-4.3%6.1%-6.9%
1 Year4.1%4.1%23.6%21.8%-1.6%-4.5%
3 Year85.1%75.5%30.2%24.6%11.8%3.9%
5 Year150.1%128.8%60.5%50.7%-1.0%-13.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is KBJ undervalued compared to its fair value and its price relative to the market?

9.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: KBJ (PLN8.9) is trading above our estimate of fair value (PLN3.8)

Significantly Undervalued: KBJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KBJ is poor value based on its PE Ratio (9.3x) compared to the IT industry average (8.7x).

PE vs Market: KBJ is good value based on its PE Ratio (9.3x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KBJ is overvalued based on its PB Ratio (2x) compared to the PL IT industry average (1.4x).


Next Steps

Future Growth

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

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KBJ's forecast earnings growth (8.9% per year) is above the savings rate (2.9%).

Earnings vs Market: KBJ's earnings (8.9% per year) are forecast to grow slower than the Polish market (10.6% per year).

High Growth Earnings: KBJ's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if KBJ's revenue is forecast to grow faster than the Polish market.

High Growth Revenue: Insufficient data to determine if KBJ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if KBJ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has KBJ performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KBJ's earnings have grown by 20% per year over the past 5 years.

Accelerating Growth: KBJ's earnings growth over the past year (2606.9%) exceeds its 5-year average (20% per year).

Earnings vs Industry: KBJ earnings growth over the past year (2606.9%) exceeded the IT industry 27.2%.


Return on Equity

High ROE: KBJ's Return on Equity (22.1%) is considered high.


Return on Assets

ROA vs Industry: KBJ has a higher Return on Assets than the IT industry average last year.


Return on Capital Employed

ROCE Improving: KBJ has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is KBJ's financial position?


Financial Position Analysis

Short Term Liabilities: KBJ's short term assets (PLN22.0M) exceeds its short term liabilities (PLN17.4M)

Long Term Liabilities: KBJ's short term assets (22.0M) exceeds its long term liabilities (517.6K)


Debt to Equity History and Analysis

Debt Level: KBJ's debt to equity ratio (0.02%) is considered satisfactory

Reducing Debt: KBJ had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: KBJ's debt is well covered by operating cash flow (165315.1%).

Interest Coverage: KBJ's interest payments on its debt are well covered by EBIT (54x coverage).


Balance Sheet

Inventory Level: KBJ has a low level of unsold assets or inventory.

Debt Coverage by Assets: KBJ's debt is covered by short term assets (assets are 15777.031540x debt).


Next Steps

Dividend

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

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.6%markettop25%7.3%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KBJ's dividend (2.13%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.6%).

High Dividend: KBJ's dividend (2.13%) is low compared to the top 25% of dividend payers in the Polish market (7.25%).

Stable Dividend: KBJ has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KBJ's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.8%), KBJ'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

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


CEO

Artur Jedynak 0

0yrs

Tenure

0

Mr. Artur Jedynak serves as the President of the Management Board at KBJ S.A. Mr. Jedynak has received Executive MBA degree AT Leon Kozminski Academy. He has graduated from Artificial Intelligence studies  ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Marek Weigt

    Member of Management Board

    • Tenure: 0yrs
  • Artur Jedynak

    President of Management Board

    • Tenure: 0yrs
  • Lukasz Krotowski

    Member of Management Board

    • Tenure: 0yrs
  • Pawel Wichecki

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Wojciech Jankowski

    President of Supervisory Board

    • Tenure: 0yrs
  • Dariusz Straczynski

    Supervisory Board Member

    • Tenure: 0yrs
  • Wojciech Brzeski

    Supervisory Board Member

    • Tenure: 0yrs
  • Michal Kalisinski

    Supervisory Board Member

    • Tenure: 0yrs
  • Artur Kazmierczak

    Supervisory Board Member

    • Tenure: 5.3yrs

Company Information

KBJ S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KBJ S.A.
  • Ticker: KBJ
  • Exchange: WSE
  • Founded:
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: zł15.048m
  • Shares outstanding: 1.69m
  • Website: https://www.kbj.com.pl

Location

  • KBJ S.A.
  • 3 Broniewskiego Street
  • Warsaw
  • 01-785
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KBJWSE (Warsaw Stock Exchange)YesCommon Bearer Shares PLPLNDec 2011

Biography

KBJ S.A. provides consulting services and implements software on SAP platform for large and medium sized companies in Poland and internationally. It offers business intelligence and big data services; SAP  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:22
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
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.