WSE:STX

Stock Analysis Report

Stalexport Autostrady

Executive Summary

Stalexport Autostrady S.A. constructs and operates motorways in Poland.

Snowflake

Fundamentals

Undervalued with excellent balance sheet.

Risks

  • Stalexport Autostrady is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

STX

-0.006%

PL Infrastructure

-1.0%

PL Market


1 Year Return

5.9%

STX

5.4%

PL Infrastructure

-4.3%

PL Market

STX matched the Infrastructure industry (5.4%) over the past year.

STX outperformed the Market in Poland which returned -4.3% over the past year.


Share holder returns

STXIndustryMarket
7 Day0.3%-0.006%-1.0%
30 Day-0.9%-0.3%2.3%
90 Day-3.0%-1.9%-5.2%
1 Year16.5%5.9%9.1%5.4%-1.5%-4.3%
3 Year16.4%-6.1%42.8%29.9%11.4%3.2%
5 Year52.0%22.6%71.6%44.9%-2.9%-14.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Stalexport Autostrady undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Stalexport Autostrady's share price is below the future cash flow value, and at a moderate discount (> 20%).

Stalexport Autostrady's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Stalexport Autostrady is good value based on earnings compared to the Europe Infrastructure industry average.

Stalexport Autostrady is good value based on earnings compared to the Poland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Stalexport Autostrady, we can't assess if its growth is good value.


Price Based on Value of Assets

Stalexport Autostrady is good value based on assets compared to the Europe Infrastructure industry average.


Next Steps

Future Growth

How is Stalexport Autostrady expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Stalexport Autostrady's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).

Stalexport Autostrady's earnings are expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).

Stalexport Autostrady's revenue growth is expected to exceed the Poland market average.

Stalexport Autostrady's earnings growth is positive but not above the Poland market average.

Stalexport Autostrady's earnings growth is positive but not above the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Stalexport Autostrady will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Stalexport Autostrady performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Stalexport Autostrady's year on year earnings growth rate has been positive over the past 5 years.

Stalexport Autostrady's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Stalexport Autostrady's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.


Return on Equity

Stalexport Autostrady has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Stalexport Autostrady used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.


Return on Capital Employed

Stalexport Autostrady has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Stalexport Autostrady's financial position?


Financial Position Analysis

Stalexport Autostrady is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Stalexport Autostrady's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Stalexport Autostrady's level of debt (7.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (91.8% vs 7.8% today).

Debt is well covered by operating cash flow (426.5%, greater than 20% of total debt).

Stalexport Autostrady earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 5.1x debt.


Next Steps

Dividend

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

11.38%

Current Dividend Yield


Dividend Yield and Payments Analysis

Stalexport Autostrady's pays a higher dividend yield than the bottom 25% of dividend payers in Poland (2.65%).

Stalexport Autostrady's dividend is above the markets top 25% of dividend payers in Poland (6.88%).

Whilst dividend payments have been stable, Stalexport Autostrady has been paying a dividend for less than 10 years.

Dividend payments have increased, but Stalexport Autostrady only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x 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 Stalexport Autostrady's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average board tenure


CEO

Emil Wasacz 0

0yrs

Tenure

zł1,244,330

Compensation

Mr. Emil Wasacz serves as the President of Management Board, Chief Executive Officer and General Director of Stalexport Autostrady S.A. (AKA: Stalexport Sa). 


CEO Compensation Analysis

Emil's remuneration is higher than average for companies of similar size in Poland.

Emil's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

1.7yrs

Average Tenure

57yo

Average Age

The average tenure for the Stalexport Autostrady board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Stefano Rossi

    Secretary of the Supervisory Board & Member of the Supervisory Board

    • Tenure: 0yrs
  • Emil Wasacz

    President of the Management Board

    • Tenure: 0yrs
    • Compensation: zł1.24m
  • Mariusz Serwa (48yo)

    Vice-President of the Management Board & CFO

    • Tenure: 13.4yrs
    • Compensation: zł675.32k
  • Andrzej Kluba

    Director of the Strategy & Development Office

    • Tenure: 0yrs
  • Ireneusz Sakowski

    Chief Tender Specialist

    • Tenure: 0yrs

Board Members

  • Stefano Rossi

    Secretary of the Supervisory Board & Member of the Supervisory Board

    • Tenure: 0yrs
  • Aleksander Galos (57yo)

    Vice Chairman of Supervisory Board

    • Tenure: 11.5yrs
  • Tomasz Dobrowolski

    Supervisory Board Member

    • Tenure: 1.7yrs
  • Roberto Mengucci (58yo)

    Chairman of Supervisory Board

    • Tenure: 10.2yrs
  • Marco Pace (51yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Flavio Ferrari

    Supervisory Board Member

    • Tenure: 1.7yrs
  • Nicola Bruno

    Member of the Supervisory Board

    • Tenure: 0.7yrs

Company Information

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


Key Information

  • Name: Stalexport Autostrady S.A.
  • Ticker: STX
  • Exchange: WSE
  • Founded: 1963
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Market Cap: zł803.602m
  • Shares outstanding: 247.26m
  • Website: https://www.stalexport-autostrady.pl

Number of Employees


Location

  • Stalexport Autostrady S.A.
  • ul. Piaskowa 20
  • Myslowice
  • 41-404
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STXWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNOct 1994

Biography

Stalexport Autostrady S.A. constructs and operates motorways in Poland. The company operates a Katowice-Kraków section of the A4 motorway. It also engages in construction of roads and railroads; leases off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 20:38
End of Day Share Price2019/09/20 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.