S.C. Sinteza (BVB:STZ) - Share price, News & Analysis

Q: What is the Fair Price of STZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

STZ (RON0.39) is trading below our estimate of [[fair value]] (RON0.71)

STZ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

STZ Stock Overview

S.C. Sinteza S.A. engages in the production and sale of basic organic chemicals.

Rewards

Trading at 44.2% below our estimate of its fair value

Became profitable this year

Risk Analysis

Does not have a meaningful market cap (RON26M)

S.C. Sinteza Competitors

S.C. Romcarbon

BVB:ROCE

RON68.7m

Alumil Rom Industry

BVB:ALU

RON55.0m

S.C. Prebet Aiud

BVB:PREB

RON77.4m

Kemistar

BSE:531163

₹429.3m

Price History & Performance

Summary of all time highs, changes and price drops for S.C. Sinteza
Historical stock prices
Current Share Price	RON0.39
52 Week High	RON0.46
52 Week Low	RON0.23
Beta	0.79
1 Month Change	-5.74%
3 Month Change	-3.90%
1 Year Change	52.71%
3 Year Change	44.85%
5 Year Change	1.55%
Change since IPO	926.31%

Recent News & Updates

Apr 12

Estimating The Fair Value Of S.C. Sinteza S.A. (BVB:STZ)

Does the April share price for S.C. Sinteza S.A. ( BVB:STZ ) reflect what it's really worth? Today, we will estimate...

Shareholder Returns

	STZ	RO Chemicals	RO Market
7D	-5.7%	-1.8%	1.3%
1Y	52.7%	-14.4%	8.9%

Return vs Industry: STZ exceeded the RO Chemicals industry which returned -15.3% over the past year.

Return vs Market: STZ exceeded the RO Market which returned 8.2% over the past year.

Price Volatility

Is STZ's price volatile compared to industry and market?
STZ volatility
STZ Average Weekly Movement	n/a
Chemicals Industry Average Movement	5.8%
Market Average Movement	3.9%
10% most volatile stocks in RO Market	7.5%
10% least volatile stocks in RO Market	2.9%

Stable Share Price: Insufficient data to determine STZ's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine STZ's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1905	80	Tudor-Ioan Stoia	https://sinteza.ro

S.C. Sinteza S.A. engages in the production and sale of basic organic chemicals. The company offers benzoic acid flakes and benzoic acid liquid. Its products are used in adhesive, automotive, rubber, industrial intermediates, paints and coatings, sealant, polyurethane, and vinyl and plastics markets, as well as oil, gas, and mining markets.

S.C. Sinteza Fundamentals Summary

How do S.C. Sinteza's earnings and revenue compare to its market cap?
STZ fundamental statistics
Market Cap	RON26.05m
Earnings (TTM)	RON2.98m
Revenue (TTM)	RON49.11m

8.7x

P/E Ratio

0.5x

P/S Ratio

Is STZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
STZ income statement (TTM)
Revenue	RON49.11m
Cost of Revenue	RON32.00m
Gross Profit	RON17.11m
Other Expenses	RON14.13m
Earnings	RON2.98m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.045
Gross Margin	34.84%
Net Profit Margin	6.08%
Debt/Equity Ratio	8.1%

How did STZ perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is STZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for STZ?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for STZ. This is calculated by dividing STZ's market cap by their current preferred multiple.
What is STZ's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	RON26.05m

STZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.6x
Enterprise Value/EBITDA	5.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does STZ's PE Ratio compare to its peers?

STZ PE Ratio vs Peers

The above table shows the PE ratio for STZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	24.1x
ROCE S.C. Romcarbon	12.1x	n/a	RON68.7m
ALU Alumil Rom Industry	7.2x	n/a	RON55.0m
PREB S.C. Prebet Aiud	25.8x	n/a	RON77.4m
531163 Kemistar	51.2x	n/a	₹429.3m
STZ S.C. Sinteza	8.7x	n/a	RON26.0m

Forward PE

Price-To-Earnings vs Peers: STZ is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (24.1x).

Price to Earnings Ratio vs Industry

How does STZ's PE Ratio compare vs other companies in the European Chemicals Industry?

Price-To-Earnings vs Industry: STZ is good value based on its Price-To-Earnings Ratio (8.7x) compared to the RO Chemicals industry average (12.1x)

Price to Earnings Ratio vs Fair Ratio

What is STZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

STZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STZ's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of STZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STZ (RON0.39) is trading below our estimate of fair value (RON0.71)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is S.C. Sinteza forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

3.9%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as S.C. Sinteza has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine whether S.C. Sinteza is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has S.C. Sinteza performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: STZ has high quality earnings.

Growing Profit Margin: STZ became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: STZ has become profitable over the past 5 years, growing earnings by 11% per year.

Accelerating Growth: STZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: STZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (58.3%).

Return on Equity

High ROE: STZ's Return on Equity (7.4%) is considered low.

Discover strong past performing companies

Financial Health

How is S.C. Sinteza's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: STZ's short term assets (RON15.3M) exceed its short term liabilities (RON13.7M).

Long Term Liabilities: STZ's short term assets (RON15.3M) exceed its long term liabilities (RON4.9M).

Debt to Equity History and Analysis

Debt Level: STZ's net debt to equity ratio (7.9%) is considered satisfactory.

Reducing Debt: STZ's debt to equity ratio has increased from 6.1% to 8.1% over the past 5 years.

Debt Coverage: STZ's debt is well covered by operating cash flow (87.4%).

Interest Coverage: STZ's interest payments on its debt are well covered by EBIT (10.4x coverage).

Balance Sheet

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Dividend

What is S.C. Sinteza current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate STZ'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 STZ's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as STZ has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Tudor-Ioan Stoia

no data

Tenure

Tudor-Ioan Stoia is the General Manager at S.C. Sinteza S.A.

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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/27 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31