Executive Summary
Energa SA, together with its subsidiaries, generates, distributes, and sells electricity, gas, and heat in Poland.
Rewards
Risk Analysis
Snowflake Analysis
Imperfect balance sheet and overvalued.
Similar Companies
Share Price & News
How has Energa's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
10.7%
ENG
2.3%
PL Electric Utilities
1.2%
PL Market
1 Year Return
-17.8%
ENG
-51.4%
PL Electric Utilities
-35.0%
PL Market
Return vs Industry: ENG exceeded the Polish Electric Utilities industry which returned -51.4% over the past year.
Return vs Market: ENG exceeded the Polish Market which returned -35% over the past year.
Shareholder returns
| ENG | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.7% | 2.3% | 1.2% |
| 30 Day | -4.2% | -11.1% | -17.5% |
| 90 Day | -3.2% | -42.0% | -28.8% |
| 1 Year | -17.8%-17.8% | -51.4%-51.4% | -33.1%-35.0% |
| 3 Year | -33.5%-34.4% | -60.6%-61.0% | -33.6%-38.3% |
| 5 Year | -69.0%-72.7% | -75.5%-77.5% | -29.8%-38.8% |
Price Volatility Vs. Market
How volatile is Energa's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Why You Should Care About Energa SA’s (WSE:ENG) Low Return On Capital4 months ago | Simply Wall St
Is Energa (WSE:ENG) A Risky Investment?5 months ago | Simply Wall St
Imagine Owning Energa (WSE:ENG) And Trying To Stomach The 75% Share Price DropValuation
Is Energa undervalued compared to its fair value and its price relative to the market?
6.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ENG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ENG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ENG is poor value based on its PE Ratio (6.5x) compared to the Electric Utilities industry average (3.9x).
PE vs Market: ENG is good value based on its PE Ratio (6.5x) compared to the Polish market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: ENG is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: ENG is overvalued based on its PB Ratio (0.3x) compared to the PL Electric Utilities industry average (0.2x).
Next Steps
Future Growth
How is Energa forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENG's forecast earnings growth (4.4% per year) is above the savings rate (2%).
Earnings vs Market: ENG's earnings (4.4% per year) are forecast to grow slower than the Polish market (11.9% per year).
High Growth Earnings: ENG's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENG's revenue (3.2% per year) is forecast to grow slower than the Polish market (4.5% per year).
High Growth Revenue: ENG's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENG's Return on Equity is forecast to be low in 3 years time (5.6%).
Next Steps
Past Performance
How has Energa performed over the past 5 years?
-7.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENG has a large one-off gain of PLN242.0M impacting its September 30 2019 financial results.
Growing Profit Margin: ENG's current net profit margins (3.9%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: ENG's earnings have declined by -7.7% per year over the past 5 years.
Accelerating Growth: ENG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENG had negative earnings growth (-51.1%) over the past year, making it difficult to compare to the Electric Utilities industry average (14.4%).
Return on Equity
High ROE: ENG's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is Energa's financial position?
Financial Position Analysis
Short Term Liabilities: ENG's short term assets (PLN5.2B) exceed its short term liabilities (PLN4.6B).
Long Term Liabilities: ENG's short term assets (PLN5.2B) do not cover its long term liabilities (PLN6.5B).
Debt to Equity History and Analysis
Debt Level: ENG's debt to equity ratio (66.6%) is considered high.
Reducing Debt: ENG's debt to equity ratio has reduced from 71% to 66.6% over the past 5 years.
Debt Coverage: ENG's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: ENG's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Inventory Level: ENG has a high level of physical assets or inventory.
Debt Coverage by Assets: ENG's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is Energa's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ENG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ENG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ENG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ENG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ENG is not paying a notable dividend for the Polish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ENG'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?
4.3yrs
Average board tenure
CEO
Jacek Golinski
0.33
Tenure
Mr. Jacek Golinski serves as Chief Executive Officer and Member of the Management Board at Energa SA since December 2019. He is President of Management Board at Energa SA since January 2020. He was most re ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board & Secretary of Supervisory Board | 2.83yrs | zł79.00k | no data | |
| Deputy Chairman of Supervisory Board | 4.75yrs | zł79.00k | no data | |
| Chairwoman of Supervisory Board | 4.42yrs | zł90.00k | no data | |
| Member of Supervisory Board | 4.25yrs | zł79.00k | no data | |
| Member of Supervisory Board | 4.25yrs | zł79.00k | no data |
4.3yrs
Average Tenure
Experienced Board: ENG's board of directors are considered experienced (4.3 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
Energa SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Energa SA
- Ticker: ENG
- Exchange: WSE
- Founded: 2006
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: zł2.878b
- Shares outstanding: 414.07m
- Website: https://www.energa.pl
Number of Employees
Location
- Energa SA
- al. Grunwaldzka 472
- Gdansk
- 80-309
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ENG | WSE (Warsaw Stock Exchange) | Yes | Bearer Shares | PL | PLN | Dec 2013 |
| EN2 | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Dec 2013 |
| 0QX7 | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | PLN | Dec 2013 |
| EN2 | BRSE (Berne Stock Exchange) | Yes | Bearer Shares | CH | CHF | Dec 2013 |
| ENGW | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | PLN | Dec 2013 |
Biography
Energa SA, together with its subsidiaries, generates, distributes, and sells electricity, gas, and heat in Poland. The company operates through Distribution, Generation, and Sales segments. It operates coal, hydropower, wind, biomass, and photovoltaic power plants with a total installed generation capacity of approximately 1.3 gigawatt of electrical power; and supplies electricity to approximately 3.1 million customers. As of December 31, 2018, the company had 188 thousand kilometers of the power lines. It also provides technical customer, contracting and design, lighting, financing, repair and maintenance, logistics and supply, and property management services, as well as accounting, payroll, administrative, and security services; and information and communication technologies. The company was founded in 2006 and is based in Gdansk, Poland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 23:02 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.