WSE:PRO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Good value with adequate balance sheet.

Risks

  • A.P.N. Promise has significant price volatility in the past 3 months.
  • A.P.N. Promise is not covered by any analysts.

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


Market Performance


7 Day Return

3.8%

WSE:PRO

2.5%

PL IT

0.8%

PL Market


1 Year Return

-44.1%

WSE:PRO

25.1%

PL IT

-2.7%

PL Market

PRO underperformed the IT industry which returned 25% over the past year.

PRO underperformed the Market in Poland which returned -2.1% over the past year.


Share holder returns

PROIndustryMarket
7 Day3.8%2.5%0.8%
30 Day-6.9%8.3%3.9%
90 Day-20.8%7.9%-4.2%
1 Year-38.7%-44.1%27.0%25.1%0.2%-2.7%
3 Year-47.7%-59.3%40.4%34.4%13.4%4.9%
5 Year-19.5%-42.2%61.6%51.6%-1.4%-13.2%

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 based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

A.P.N. Promise's share price is below the future cash flow value, and at a moderate discount (> 20%).

A.P.N. Promise's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

A.P.N. Promise is good value based on earnings compared to the PL IT industry average.

A.P.N. Promise is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for A.P.N. Promise, we can't assess if its growth is good value.


Price Based on Value of Assets

A.P.N. Promise is good value based on assets compared to the PL IT industry average.


Next Steps

Future Growth

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

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if A.P.N. Promise is high growth as no revenue estimate data is available.

A.P.N. Promise's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).

Unable to compare A.P.N. Promise's revenue growth to the Poland market average as no estimate data is available.

A.P.N. Promise's earnings growth is positive but not above the Poland market average.

A.P.N. Promise's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if A.P.N. Promise will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

11.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

A.P.N. Promise's year on year earnings growth rate has been positive over the past 5 years.

A.P.N. Promise's 1-year earnings growth exceeds its 5-year average (25.2% vs 11.8%)

A.P.N. Promise's earnings growth has not exceeded the PL IT industry average in the past year (25.2% vs 27.2%).


Return on Equity

A.P.N. Promise has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

A.P.N. Promise used its assets less efficiently than the PL IT industry average last year based on Return on Assets.


Return on Capital Employed

A.P.N. Promise's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

A.P.N. Promise is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

A.P.N. Promise's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

A.P.N. Promise's level of debt (82.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (122.6% vs 82.9% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 15.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.9x debt.


Next Steps

Dividend

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

9.47%

Current Dividend Yield


Dividend Yield and Payments Analysis

A.P.N. Promise's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.63%).

A.P.N. Promise's dividend is above the markets top 25% of dividend payers in Poland (7.03%).

A.P.N. Promise has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

A.P.N. Promise has only been paying a dividend for 3 years, and since then dividends per share have fallen.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of A.P.N. Promise's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average board tenure


CEO

Piotr Paszczyk 0

11.5yrs

Tenure

0

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 Age and Tenure

5.2yrs

Average Tenure

The tenure for the A.P.N. Promise board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Piotr Paszczyk

    President of the Management Board

    • Tenure: 11.5yrs
  • Monika Zawistowska

    Secretary of the Supervisory Board and Member of the Supervisory Board

    • Tenure: 7.2yrs
  • Pawel Kolakowski

    Member of the Management Board

    • Tenure: 0.3yrs

Board Members

  • Tomasz Lotz

    Vice Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Jacek Rzezniczek

    Chairman of the Supervisory Board

    • Tenure: 8.5yrs
  • Monika Zawistowska

    Secretary of the Supervisory Board and Member of the Supervisory Board

    • Tenure: 7.2yrs
  • Adam Car (39yo)

    Member of the Supervisory Board

    • Tenure: 3.3yrs
  • Marzenna Paszczyk (72yo)

    Member of the Supervisory Board

    • Tenure: 3.2yrs

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: zł22.019m
  • Shares outstanding: 11.59m
  • Website: https://www.apnpromise.pl

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 Analysis2019/09/18 21:25
End of Day Share Price2019/09/18 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.