GRUPA AZOTY S.A. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.3 PLN | +2.06% |
|
+1.10% | -17.81% |
| May. 29 | Transcript : Grupa Azoty S.A., Q1 2024 Earnings Call, May 29, 2024 | |
| May. 28 | Grupa Azoty S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,904 | 2,723 | 3,353 | 3,916 | 2,450 | 1,973 | - | - |
| Enterprise Value (EV) 1 | 5,139 | 5,743 | 8,338 | 10,607 | 2,450 | 12,210 | 12,548 | 12,469 |
| P/E ratio | 7.79 x | 8.74 x | 5.76 x | 6.32 x | -0.87 x | -1.64 x | -13.8 x | 3.06 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.26 x | 0.26 x | 0.21 x | 0.16 x | 0.18 x | 0.14 x | 0.12 x | 0.11 x |
| EV / Revenue | 0.45 x | 0.55 x | 0.52 x | 0.43 x | 0.18 x | 0.87 x | 0.73 x | 0.69 x |
| EV / EBITDA | 3.61 x | 4.35 x | 5.09 x | 4.17 x | -1.79 x | -543 x | 7.81 x | 5.34 x |
| EV / FCF | 5.22 x | -19.3 x | 2.52 x | 3.82 x | - | -11.3 x | 18.2 x | 8.93 x |
| FCF Yield | 19.1% | -5.19% | 39.6% | 26.2% | - | -8.83% | 5.49% | 11.2% |
| Price to Book | 0.41 x | 0.37 x | 0.42 x | 0.44 x | - | 0.32 x | 0.34 x | - |
| Nbr of stocks (in thousands) | 99,195 | 99,195 | 99,195 | 99,195 | 99,195 | 99,195 | - | - |
| Reference price 2 | 29.28 | 27.45 | 33.80 | 39.48 | 24.70 | 19.89 | 19.89 | 19.89 |
| Announcement Date | 4/8/20 | 4/15/21 | 4/27/22 | 3/30/23 | 4/29/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,308 | 10,525 | 15,901 | 24,658 | 13,545 | 14,029 | 17,116 | 17,970 |
| EBITDA 1 | 1,424 | 1,322 | 1,638 | 2,545 | -1,366 | -22.5 | 1,606 | 2,337 |
| EBIT 1 | 612.8 | 555.8 | 876.5 | 865.6 | -3,600 | -818.3 | 569.2 | 1,287 |
| Operating Margin | 5.42% | 5.28% | 5.51% | 3.51% | -26.58% | -5.83% | 3.33% | 7.16% |
| Earnings before Tax (EBT) 1 | 558.5 | 506.1 | 733.9 | 688.7 | -3,583 | -1,368 | 3.147 | 599 |
| Net income 1 | 372.9 | 355.4 | 581.8 | 620.1 | -2,822 | -1,241 | -35.87 | 512.8 |
| Net margin | 3.3% | 3.38% | 3.66% | 2.51% | -20.84% | -8.85% | -0.21% | 2.85% |
| EPS 2 | 3.760 | 3.140 | 5.870 | 6.250 | -28.45 | -12.10 | -1.440 | 6.500 |
| Free Cash Flow 1 | 983.7 | -297.8 | 3,306 | 2,778 | - | -1,078 | 688.4 | 1,397 |
| FCF margin | 8.7% | -2.83% | 20.79% | 11.26% | - | -7.68% | 4.02% | 7.77% |
| FCF Conversion (EBITDA) | 69.08% | - | 201.8% | 109.14% | - | - | 42.86% | 59.79% |
| FCF Conversion (Net income) | 263.84% | - | 568.18% | 447.92% | - | - | - | 272.44% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/8/20 | 4/15/21 | 4/27/22 | 3/30/23 | 4/29/24 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,485 | - | 6,140 | 6,314 | 5,107 | 3,895 | 3,491 | 3,075 | 3,083 | 3,399 |
| EBITDA 1 | 571.6 | - | 1,240 | 267 | -297 | -400.9 | -608 | -348 | -9.566 | -50.44 |
| EBIT 1 | 387.1 | - | 1,059 | 82 | -1,431 | -596 | -807 | -550 | -1,647 | -259.6 |
| Operating Margin | 7.06% | - | 17.25% | 1.3% | -28.01% | -15.3% | -23.12% | -17.88% | -53.4% | -7.64% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 339.5 | 853.6 | 800 | -79 | -896.5 | -521.7 | -543 | -658.5 | -1,098 | -295 |
| Net margin | 6.19% | - | 13.03% | -1.25% | -17.55% | -13.39% | -15.55% | -21.41% | -35.61% | -8.68% |
| EPS | - | 8.610 | - | - | - | - | - | -6.640 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/27/22 | 5/25/22 | 9/22/22 | 10/28/22 | 3/30/23 | 5/22/23 | 9/19/23 | 11/8/23 | 4/29/24 | 5/28/24 |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,234 | 3,020 | 4,986 | 6,691 | - | 10,237 | 10,575 | 10,496 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.569 x | 2.285 x | 3.043 x | 2.629 x | - | -455 x | 6.584 x | 4.492 x |
| Free Cash Flow 1 | 984 | -298 | 3,306 | 2,778 | - | -1,078 | 688 | 1,397 |
| ROE (net income / shareholders' equity) | 5.43% | 4.34% | 7.61% | 7.35% | - | -20.4% | -2.2% | 11.2% |
| ROA (Net income/ Total Assets) | 2.51% | 1.85% | - | - | - | - | - | - |
| Assets 1 | 14,872 | 19,210 | - | - | - | - | - | - |
| Book Value Per Share 2 | 70.90 | 74.00 | 80.10 | 90.10 | - | 62.70 | 58.20 | - |
| Cash Flow per Share | 20.50 | - | 58.30 | - | - | - | - | - |
| Capex 1 | 1,050 | 3,003 | 2,479 | 2,831 | - | 1,193 | 1,049 | 1,041 |
| Capex / Sales | 9.28% | 28.53% | 15.59% | 11.48% | - | 8.5% | 6.13% | 5.79% |
| Announcement Date | 4/8/20 | 4/15/21 | 4/27/22 | 3/30/23 | 4/29/24 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
4
Last Close Price
19.89
PLN
Average target price
21.46
PLN
Spread / Average Target
+7.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -17.81% | 496M | |
| +9.52% | 36.58B | |
| -.--% | 11.61B | |
| +25.70% | 7.86B | |
| -11.72% | 6.95B | |
| +7.83% | 6.9B | |
| -11.17% | 5.5B | |
| -10.25% | 5.27B | |
| -2.94% | 5.14B | |
| +25.96% | 5B |
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- Financials Grupa Azoty S.A.
