WSE:KBJ

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KBJ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.3%

KBJ

-1.6%

PL IT

-3.7%

PL Market


1 Year Return

52.2%

KBJ

55.4%

PL IT

-16.2%

PL Market

Return vs Industry: KBJ underperformed the Polish IT industry which returned 55.4% over the past year.

Return vs Market: KBJ exceeded the Polish Market which returned -16.2% over the past year.


Shareholder returns

KBJIndustryMarket
7 Day-9.3%-1.6%-3.7%
30 Day-4.9%-6.7%-8.8%
90 Day-11.6%5.6%-3.4%
1 Year52.2%52.2%57.3%55.4%-15.5%-16.2%
3 Year6.6%4.6%79.8%71.5%-26.2%-30.5%
5 Year173.6%153.7%127.3%112.2%-10.6%-20.3%

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?

36.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KBJ's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KBJ's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KBJ is poor value based on its PE Ratio (36.3x) compared to the PL IT industry average (11.9x).

PE vs Market: KBJ is poor value based on its PE Ratio (36.3x) compared to the Polish market (12.5x).


Price to Earnings Growth Ratio

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 (2.8x) compared to the PL IT industry average (2.5x).


Next Steps

Future Growth

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

29.2%

Forecasted Software 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 KBJ 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 KBJ performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KBJ has a high level of non-cash earnings.

Growing Profit Margin: KBJ's current net profit margins (1.2%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: KBJ's earnings have grown by 11.1% per year over the past 5 years.

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

Earnings vs Industry: KBJ had negative earnings growth (-60.6%) over the past year, making it difficult to compare to the IT industry average (28.5%).


Return on Equity

High ROE: KBJ's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is KBJ's financial position?


Financial Position Analysis

Short Term Liabilities: KBJ's short term assets (PLN20.0M) exceed its short term liabilities (PLN12.4M).

Long Term Liabilities: KBJ's short term assets (PLN20.0M) exceed its long term liabilities (PLN3.2M).


Debt to Equity History and Analysis

Debt Level: KBJ's debt to equity ratio (33.2%) 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 not well covered by operating cash flow (0.06%).

Interest Coverage: KBJ's interest payments on its debt are well covered by EBIT (18.3x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.7yrs

Average management tenure


CEO

Artur Jedynak

no data

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Artur Jedynak
President of Management Boardno datano data20.26%
PLN 4.7m
Marek Weigt
Member of Management Board4.67yrsno data20.15%
PLN 4.7m
Pawel Wichecki
Member of the Management Board3.67yrsno datano data
Marek Glazowski
Member of the Management Board1.67yrsno datano data

3.7yrs

Average Tenure

Experienced Management: KBJ's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lukasz Krotowski
Member of the Supervisory Board2.25yrsno data21.26%
PLN 4.9m
Wojciech Jankowski
President of Supervisory Boardno datano datano data
Wojciech Brzeski
Supervisory Board Memberno datano datano data
Michal Kalisinski
Supervisory Board Memberno datano datano data
Artur Kazmierczak
Supervisory Board Member6.17yrsno datano data
Artur Czerwonski
Member of the Supervisory Board2.25yrsno datano data

2.3yrs

Average Tenure

Experienced Board: KBJ's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

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: zł23.164m
  • Shares outstanding: 1.69m
  • Website: https://www.kbj.com.pl

Number of Employees


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. The company offers business intelligence and big data servi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:26
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
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.