WSE:PRO

Stock Analysis Report

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Executive Summary

A.P.N. Promise S.A. provides IT solutions, products, and services to various business entities and individual customers in Poland. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has A.P.N. Promise's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.9%

PRO

-3.6%

PL IT

-1.5%

PL Market


1 Year Return

186.5%

PRO

52.1%

PL IT

-12.7%

PL Market

Return vs Industry: PRO exceeded the Polish IT industry which returned 52.1% over the past year.

Return vs Market: PRO exceeded the Polish Market which returned -12.7% over the past year.


Shareholder returns

PROIndustryMarket
7 Day2.9%-3.6%-1.5%
30 Day-3.6%-7.4%-4.6%
90 Day13.7%9.9%-1.4%
1 Year207.9%186.5%53.9%52.1%-11.9%-12.7%
3 Year44.9%14.2%85.0%76.2%-23.6%-28.3%
5 Year151.3%67.7%129.5%114.2%-8.0%-18.4%

Price Volatility Vs. Market

How volatile is A.P.N. Promise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is A.P.N. Promise 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: PRO (PLN5.3) is trading below our estimate of fair value (PLN18.2)

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


Price To Earnings Ratio

PE vs Industry: PRO is poor value based on its PE Ratio (35.7x) compared to the PL IT industry average (12.4x).

PE vs Market: PRO is poor value based on its PE Ratio (35.7x) compared to the Polish market (12.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PRO is good value based on its PB Ratio (2.2x) compared to the PL IT industry average (2.7x).


Next Steps

Future Growth

How is A.P.N. Promise forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.4%

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 A.P.N. Promise 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 A.P.N. Promise performed over the past 5 years?

-3.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRO has high quality earnings.

Growing Profit Margin: PRO's current net profit margins (0.3%) are lower than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: PRO's earnings have declined by 3.1% per year over the past 5 years.

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

Earnings vs Industry: PRO had negative earnings growth (-80%) over the past year, making it difficult to compare to the IT industry average (28.5%).


Return on Equity

High ROE: PRO's Return on Equity (6.3%) is considered low.


Next Steps

Financial Health

How is A.P.N. Promise's financial position?


Financial Position Analysis

Short Term Liabilities: PRO's short term assets (PLN129.4M) exceed its short term liabilities (PLN111.3M).

Long Term Liabilities: PRO's short term assets (PLN129.4M) exceed its long term liabilities (PLN6.0M).


Debt to Equity History and Analysis

Debt Level: PRO's debt to equity ratio (100.6%) is considered high.

Reducing Debt: PRO's debt to equity ratio has increased from 96.5% to 100.6% over the past 5 years.

Debt Coverage: PRO's debt is well covered by operating cash flow (84.7%).

Interest Coverage: PRO's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is A.P.N. Promise current dividend yield, its reliability and sustainability?

3.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PRO's dividend (3.77%) is higher than the bottom 25% of dividend payers in the Polish market (1.76%).

High Dividend: PRO's dividend (3.77%) is low compared to the top 25% of dividend payers in the Polish market (6.13%).


Stability and Growth of Payments

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

Growing Dividend: PRO has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134.7%), PRO's dividend payments are not 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?

6.2yrs

Average board tenure


CEO

Piotr Paszczyk

12.5yrs

Tenure

Mr. Piotr Tomasz Paszczyk has been President of The Management Board at APN Promise Spólka Akcyjna since March 31, 2008. Mr. Paszczyk has been a Member of The Management Board at APN Promise Spólka Akcyjna ...


Board Members

NamePositionTenureCompensationOwnership
Monika Zawistowska
Secretary of the Supervisory Board and Member of the Supervisory Board8.17yrsno datano data
Tomasz Lotz
Vice Chairman of the Supervisory Boardno datano datano data
Jacek Rzezniczek
Chairman of the Supervisory Board9.5yrsno datano data
Adam Car
Member of the Supervisory Board4.25yrsno datano data
Marzenna Paszczyk
Member of the Supervisory Board4.17yrsno datano data

6.2yrs

Average Tenure

Experienced Board: PRO's board of directors are considered experienced (6.2 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

A.P.N. Promise S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: A.P.N. Promise S.A.
  • Ticker: PRO
  • Exchange: WSE
  • Founded: 1991
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: zł53.411m
  • Shares outstanding: 10.08m
  • Website: https://www.apnpromise.pl

Number of Employees


Location

  • A.P.N. Promise S.A.
  • ul. Domaniewska 44a
  • Warsaw
  • 02-672
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PROWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNFeb 2013

Biography

A.P.N. Promise S.A. provides IT solutions, products, and services to various business entities and individual customers in Poland. The company supports for the long-term licensing agreements and optimizati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 02:59
End of Day Share Price2020/09/18 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.