Apator S.A. manufactures and sells metering and switchgear equipment in Poland and internationally.
Flawless balance sheet and good value.
Share Price & News
How has Apator's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: APT underperformed the Polish Electronic industry which returned 13% over the past year.
Return vs Market: APT underperformed the Polish Market which returned -14.8% over the past year.
Price Volatility Vs. Market
How volatile is Apator's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StApator S.A. (WSE:APT) Earns A Nice Return On Capital Employed
3 weeks ago | Simply Wall StA Note On Apator S.A.'s (WSE:APT) ROE and Debt To Equity
1 month ago | Simply Wall StHere's What Apator S.A.'s (WSE:APT) P/E Ratio Is Telling Us
Is Apator undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APT (PLN21.4) is trading below our estimate of fair value (PLN21.58)
Significantly Below Fair Value: APT is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: APT is good value based on its PE Ratio (10.4x) compared to the Electronic industry average (13.8x).
PE vs Market: APT is good value based on its PE Ratio (10.4x) compared to the Polish market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: APT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: APT is good value based on its PB Ratio (1.3x) compared to the PL Electronic industry average (1.4x).
How is Apator forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APT's earnings are forecast to decline over the next 3 years (-0.3% per year).
Earnings vs Market: APT's earnings are forecast to decline over the next 3 years (-0.3% per year).
High Growth Earnings: APT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: APT's revenue (2% per year) is forecast to grow slower than the Polish market (6.2% per year).
High Growth Revenue: APT's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: APT's Return on Equity is forecast to be low in 3 years time (11.9%).
How has Apator performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APT has high quality earnings.
Growing Profit Margin: APT's current net profit margins (6.8%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: APT's earnings have declined by -6.8% per year over the past 5 years.
Accelerating Growth: APT's earnings growth over the past year (26.2%) exceeds its 5-year average (-6.8% per year).
Earnings vs Industry: APT earnings growth over the past year (26.2%) exceeded the Electronic industry 10.3%.
Return on Equity
High ROE: APT's Return on Equity (12.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Apator's financial position?
Financial Position Analysis
Short Term Liabilities: APT's short term assets (PLN383.4M) exceed its short term liabilities (PLN307.1M).
Long Term Liabilities: APT's short term assets (PLN383.4M) exceed its long term liabilities (PLN69.7M).
Debt to Equity History and Analysis
Debt Level: APT's debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: APT's debt to equity ratio has reduced from 43.2% to 31.4% over the past 5 years.
Debt Coverage: APT's debt is well covered by operating cash flow (65.2%).
Interest Coverage: APT's interest payments on its debt are well covered by EBIT (16.1x coverage).
Inventory Level: APT has a high level of physical assets or inventory.
Debt Coverage by Assets: APT's debt is covered by short term assets (assets are 2.5x debt).
What is Apator's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: APT's dividend (6.07%) is higher than the bottom 25% of dividend payers in the Polish market (2.33%).
High Dividend: APT's dividend (6.07%) is low compared to the top 25% of dividend payers in the Polish market (6.94%).
Stability and Growth of Payments
Stable Dividend: APT's dividend payments have been volatile in the past 10 years.
Growing Dividend: APT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.6%), APT's dividend payments are 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Miroslaw Klepacki 0
Mr. Miroslaw Klepacki has been President of the Executive Board at Apator S.A. since November 16, 2017 and General Manager since 2019. Mr. Klepacki served as a Switchgear Equipment Director of Apator S.A. ...
CEO Compensation Analysis
Compensation vs Market: Miroslaw's total compensation ($USD0.00) is below average for companies of similar size in the Polish market ($USD281.44K).
Compensation vs Earnings: Insufficient data to compare Miroslaw's compensation with company performance.
|President of the Executive Board & GM||2.3yrs||zł594.05k||0.016% PLN100.8k|
|Director for Business Development of Grupa Apator & Member of Executive Board||0yrs||zł546.47k||no data|
|Finance Director of Proxy||0yrs||no data||no data|
|Chief Operating Officer||5.1yrs||no data||no data|
|Director of the Dept. for Metering Equipment & Systems||0yrs||no data||no data|
|Director of the Office of Management & Investor Relations||2.2yrs||no data||no data|
Experienced Management: APT's management team is considered experienced (2.3 years average tenure).
|Chairman of the Supervisory Board||6.7yrs||zł84.00k||0.91% PLN5.6m|
|Member of the Supervisory Board||9.7yrs||zł180.00k||2.92% PLN17.9m|
|Member of the Supervisory Board||20.1yrs||zł84.00k||5.2% PLN31.9m|
|Deputy Chairman of the Supervisory Board||0yrs||zł216.00k||7.55% PLN46.4m|
|Independent Member of the Supervisory Board||6.7yrs||zł84.00k||no data|
|Member of the Supervisory Board||4.7yrs||zł156.00k||2.85% PLN17.5m|
Experienced Board: APT's board of directors are considered experienced (6.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Apator S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Apator S.A.
- Ticker: APT
- Exchange: WSE
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: zł614.479m
- Shares outstanding: 29.26m
- Website: https://www.apator.com
Number of Employees
- Apator S.A.
- ul. Gdanska 4a
- lok C4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|APT||WSE (Warsaw Stock Exchange)||Yes||Bearer Shares||PL||PLN||Apr 1997|
|0LR4||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||PLN||Apr 1997|
Apator S.A. manufactures and sells metering and switchgear equipment in Poland and internationally. Its products include electricity meters, such as smart, electronic, prepayment, and induction meters, as well as smart grid systems comprising remote data read out and prepayment systems; and water meters, volume parts for heat meters, heat meters, heating cost allocators, remote reading systems, installation fittings, test and measurement products, and other products. The company also offers residential, commercial, and smart gas meters; radio telemetry modules; switchgear systems, such as switch disconnectors, fuse rails, surge arresters, accessories, and 4G cam switches, as well as APASYS 60, a modular designed current distribution system; and mining equipment. In addition, it provides IT solutions in the areas of grid assets, utilization of power grid assets, grid assets development, customer service, analyses and reports, process and document management, customer portals, and connectors; and IT services, such as grid passporting, integration, outsourcing, implementation, training, and consulting. Further, the company offers power and distribution engineering equipment, drives and control engineering equipment, AC and DC drives, softstarts, and motors and gears, as well as MRO and customer training services. Additionally, it provides research and development services in technical sciences; manufacture instruments and appliances for measuring, checking, navigating and other uses; thermometers and thermostats; and IT system applications. Furthermore, the company engages in the publishing, printing, and reproduction of recorded media; sales of prepayment electric energy meters and gas meters; and distribution of water and heat meters. It also offers controlgears, electricity, electrical equipment, lifting equipment, pumps, and compressors; and manufactures reading and transmitting data devices. Apator S.A. is based in Torun, Poland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 21:13|
|End of Day Share Price||2020/02/26 00:00|
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.