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TPE

TAURON Polska EnergiaWSE:TPE Stock Report

Market Cap

zł5.3b

7D

-5.7%

1Y

35.5%

Updated

24 Nov, 2021

Data

Company Financials +
TPE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TPE Stock Overview

TAURON Polska Energia S.A., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity and heat in Poland.

Rewards

Trading at 75.9% below our estimate of its fair value

Earnings are forecast to grow 20.76% per year

Risk Analysis

No risks detected for TPE from our risk checks.

TAURON Polska Energia Competitors

PGE Polska Grupa Energetyczna

WSE:PGE

zł16.8b

ENEA

WSE:ENA

zł4.2b

Energa

WSE:ENG

zł3.3b

AB Inter RAO Lietuva

WSE:IRL

zł357.2m

Price History & Performance

Summary of all time highs, changes and price drops for TAURON Polska Energia
Historical stock prices
Current Share Pricezł3.00
52 Week Highzł3.86
52 Week Lowzł2.08
Beta1.35
1 Month Change-14.19%
3 Month Change-16.64%
1 Year Change35.50%
3 Year Change35.75%
5 Year Change13.21%
Change since IPO-40.59%

Recent News & Updates

Nov 08
TAURON Polska Energia (WSE:TPE) Is Looking To Continue Growing Its Returns On Capital

TAURON Polska Energia (WSE:TPE) Is Looking To Continue Growing Its Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Sep 16
Is TAURON Polska Energia (WSE:TPE) Using Too Much Debt?

Is TAURON Polska Energia (WSE:TPE) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

TPEPL Electric UtilitiesPL Market
7D-5.7%-4.5%-3.1%
1Y35.5%40.6%22.5%

Return vs Industry: TPE underperformed the Polish Electric Utilities industry which returned 40.8% over the past year.

Return vs Market: TPE exceeded the Polish Market which returned 23.4% over the past year.

Price Volatility

Is TPE's price volatile compared to industry and market?
TPE volatility
TPE Average Weekly Movement4.2%
Electric Utilities Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in PL Market10.4%
10% least volatile stocks in PL Market3.3%

Stable Share Price: TPE is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TPE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200625,357Artur Michalowskihttps://www.tauron.pl

TAURON Polska Energia S.A., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity and heat in Poland. The company operates through five segments: Mining, Generation, Renewable Energy Sources, Distribution, and Supply. The Mining segment offers hard coal mining, and cleaning and sales services.

TAURON Polska Energia Fundamentals Summary

How do TAURON Polska Energia's earnings and revenue compare to its market cap?
TPE fundamental statistics
Market Capzł5.26b
Earnings (TTM)-zł1.69b
Revenue (TTM)zł23.05b

0.2x

P/S Ratio

-3.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPE income statement (TTM)
Revenuezł23.05b
Cost of Revenuezł21.21b
Gross Profitzł1.84b
Expenseszł3.53b
Earnings-zł1.69b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.97
Gross Margin7.99%
Net Profit Margin-7.35%
Debt/Equity Ratio72.5%

How did TPE perform over the long term?

See historical performance and comparison

Valuation

Is TAURON Polska Energia 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: TPE (PLN3) is trading below our estimate of fair value (PLN12.46)

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


Price To Earnings Ratio

PE vs Industry: TPE is unprofitable, so we can't compare its PE Ratio to the European Electric Utilities industry average.

PE vs Market: TPE is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPE's PB Ratio (0.3x) is in line with the PL Electric Utilities industry average.


Future Growth

How is TAURON Polska Energia forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

20.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.5%).

Earnings vs Market: TPE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TPE's is expected to become profitable in the next 3 years.

Revenue vs Market: TPE's revenue (4.1% per year) is forecast to grow slower than the Polish market (8.4% per year).

High Growth Revenue: TPE's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPE's Return on Equity is forecast to be low in 3 years time (7.7%).


Past Performance

How has TAURON Polska Energia performed over the past 5 years?

-42.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPE is currently unprofitable.

Growing Profit Margin: TPE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPE is unprofitable, and losses have increased over the past 5 years at a rate of 42.4% per year.

Accelerating Growth: Unable to compare TPE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPE is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (12.8%).


Return on Equity

High ROE: TPE has a negative Return on Equity (-9.5%), as it is currently unprofitable.


Financial Health

How is TAURON Polska Energia's financial position?


Financial Position Analysis

Short Term Liabilities: TPE's short term assets (PLN5.8B) do not cover its short term liabilities (PLN7.5B).

Long Term Liabilities: TPE's short term assets (PLN5.8B) do not cover its long term liabilities (PLN13.7B).


Debt to Equity History and Analysis

Debt Level: TPE's net debt to equity ratio (69.6%) is considered high.

Reducing Debt: TPE's debt to equity ratio has increased from 51.9% to 72.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TPE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TPE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.9% per year.


Dividend

What is TAURON Polska Energia current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TPE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TPE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TPE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TPE is not paying a notable dividend for the Polish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPE'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?

0.3yrs

Average management tenure


CEO

Artur Michalowski

0.25

Tenure

Mr. Artur Michalowski serves as Vice President of the Management Board for Trade and Acting President of the Management Board at TAURON Polska Energia S.A. since August 2021. From 2016 to August 4, 2021 he...


Leadership Team

Experienced Management: TPE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: TPE's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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

TAURON Polska Energia S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: TAURON Polska Energia S.A.
  • Ticker: TPE
  • Exchange: WSE
  • Founded: 2006
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: zł5.258b
  • Shares outstanding: 1.75b
  • Website: https://www.tauron.pl

Number of Employees


Location

  • TAURON Polska Energia S.A.
  • ul. ks. Piotra Sciegiennego 3
  • ul. ks. Piotra Sciegiennego 3
  • Katowice
  • 40-114
  • Poland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/24 22:46
End of Day Share Price2021/11/24 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.