ZE PAK SA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.7 PLN | +0.82% |
|
+1.76% | -8.80% |
| Apr. 04 | ZE Pak Inks over PLN 2.3 Billion Deal with Greek Mytilineos and Siemens Energy | CI |
| Mar. 18 | Polsat Plus and ZE PAK Joint Unit to Supply 26 Hydrogen Buses to Chelm | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 381.2 | 391.3 | 470.6 | 869.1 | 1,169 | 1,001 | 1,001 | - |
| Enterprise Value (EV) 1 | 664.2 | 108.3 | 27.77 | 855.5 | 877.6 | 28.12 | 266.9 | 963.1 |
| P/E ratio | -0.83 x | -0.88 x | -2.11 x | -2.74 x | 5.75 x | 3.18 x | 4.61 x | 9.43 x |
| Yield | 16% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.17 x | 0.14 x | 0.21 x | 0.35 x | 0.28 x | 0.34 x | 0.41 x | 0.64 x |
| EV / Revenue | 0.29 x | 0.04 x | 0.01 x | 0.35 x | 0.21 x | 0.01 x | 0.11 x | 0.61 x |
| EV / EBITDA | 7.38 x | 0.28 x | 0.19 x | 3.52 x | 2.24 x | 0.06 x | 0.89 x | 6.06 x |
| EV / FCF | 2.24 x | 0.24 x | - | -2.12 x | -8.91 x | -0.04 x | -2.05 x | -1.39 x |
| FCF Yield | 44.6% | 412% | - | -47.1% | -11.2% | -2,603% | -48.7% | -71.7% |
| Price to Book | 0.23 x | - | 0.49 x | 1.66 x | 1.62 x | 0.69 x | 0.59 x | 0.53 x |
| Nbr of stocks (in thousands) | 50,824 | 50,824 | 50,824 | 50,824 | 50,824 | 50,824 | 50,824 | - |
| Reference price 2 | 7.500 | 7.700 | 9.260 | 17.10 | 23.00 | 19.70 | 19.70 | 19.70 |
| Announcement Date | 4/30/19 | 4/3/20 | 4/19/21 | 4/30/22 | 4/27/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,305 | 2,878 | 2,207 | 2,451 | 4,200 | 2,966 | 2,468 | 1,570 |
| EBITDA 1 | 90 | 393 | 147.7 | 243.1 | 391.3 | 438.5 | 299 | 159 |
| EBIT 1 | -477 | -424 | -291.1 | -512.6 | 351.3 | 412.6 | 281 | 148.1 |
| Operating Margin | -20.69% | -14.73% | -13.19% | -20.91% | 8.36% | 13.92% | 11.39% | 9.43% |
| Earnings before Tax (EBT) 1 | -515 | -440 | -303.1 | -518.5 | 318.1 | 442.5 | 275.5 | 130.5 |
| Net income 1 | -460.2 | -446 | -222.4 | -317 | 203.3 | 314 | 218 | 107 |
| Net margin | -19.97% | -15.5% | -10.08% | -12.93% | 4.84% | 10.59% | 8.83% | 6.82% |
| EPS 2 | -9.050 | -8.760 | -4.380 | -6.240 | 4.000 | 6.195 | 4.275 | 2.090 |
| Free Cash Flow 1 | 296.5 | 445.9 | - | -403.2 | -98.48 | -732 | -130 | -691 |
| FCF margin | 12.86% | 15.49% | - | -16.45% | -2.34% | -24.68% | -5.27% | -44.01% |
| FCF Conversion (EBITDA) | 329.4% | 113.45% | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share | 1.200 | - | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 4/3/20 | 4/19/21 | 4/30/22 | 4/27/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 618.4 | - | 996.3 | 960.1 | 1,137 | 1,107 | 1,152 | 305.6 | 819.9 | 901 | 438 |
| EBITDA | 102.1 | 142.7 | 129 | 69.73 | - | -34.16 | 378 | 264 | 416.6 | - | 160 |
| EBIT 1 | 68.32 | - | 118.2 | 57.86 | - | -41.6 | -391.3 | 248.2 | 413.3 | 207 | 156 |
| Operating Margin | 11.05% | - | 11.87% | 6.03% | - | -3.76% | -33.98% | 81.2% | 50.41% | 22.97% | 35.62% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 86.22 | -423.2 | 103.7 | 49.1 | - | -78.36 | -375.8 | 198.7 | 376.2 | - | 145 |
| Net margin | 13.94% | - | 10.41% | 5.11% | - | -7.08% | -32.63% | 65.02% | 45.89% | - | 33.11% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/26/21 | 4/30/22 | 5/26/22 | 9/30/22 | 11/29/22 | 4/27/23 | 5/30/23 | 9/28/23 | 11/29/23 | - | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 283 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 283 | 443 | 13.5 | 291 | 973 | 734 | 38.1 |
| Leverage (Debt/EBITDA) | 3.144 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 296 | 446 | - | -403 | -98.5 | -732 | -130 | -691 |
| ROE (net income / shareholders' equity) | -23.6% | -31.2% | - | -43% | 32.6% | 27.9% | 16.4% | 2.8% |
| ROA (Net income/ Total Assets) | -11% | - | - | - | - | - | - | - |
| Assets 1 | 4,165 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 33.10 | - | 18.70 | 10.30 | 14.20 | 28.50 | 33.50 | 37.00 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 70.3 | 2.18 | 63.5 | 410 | 602 | 306 | 487 | 679 |
| Capex / Sales | 3.05% | 0.08% | 2.88% | 16.72% | 14.33% | 10.32% | 19.73% | 43.22% |
| Announcement Date | 4/30/19 | 4/3/20 | 4/19/21 | 4/30/22 | 4/27/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
19.7
PLN
Average target price
28.55
PLN
Spread / Average Target
+44.92%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -8.80% | 247M | |
| +14.41% | 41.39B | |
| +12.65% | 27.36B | |
| +17.68% | 15.95B | |
| +25.58% | 12.07B | |
| +21.90% | 8.9B | |
| +22.76% | 6.41B | |
| +56.88% | 5.9B | |
| +33.57% | 5.08B | |
| -1.01% | 4.17B |
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- Financials ZE PAK SA
