GRUPA AZOTY S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.34 PLN | -1.24% |
|
+1.55% | -9.55% |
| 04-30 | Transcript : Grupa Azoty S.A., Q1 2024 Earnings Call, Apr 30, 2024 | |
| 04-29 | Grupa Azoty S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | 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 | 2,216 | - | - |
| Enterprise Value (EV) 1 | 5,139 | 5,743 | 8,338 | 10,607 | 2,450 | 13,308 | 11,984 | 12,665 |
| P/E ratio | 7.79 x | 8.74 x | 5.76 x | 6.32 x | -0.87 x | -3.75 x | -29.4 x | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.26 x | 0.26 x | 0.21 x | 0.16 x | 0.18 x | 0.12 x | 0.12 x | 0.11 x |
| EV / Revenue | 0.45 x | 0.55 x | 0.52 x | 0.43 x | 0.18 x | 0.72 x | 0.67 x | 0.64 x |
| EV / EBITDA | 3.61 x | 4.35 x | 5.09 x | 4.17 x | - | 14.7 x | 6.22 x | 5.49 x |
| EV / FCF | 5.22 x | -19.3 x | 2.52 x | 3.82 x | - | -50.1 x | 13.1 x | 12 x |
| FCF Yield | 19.1% | -5.19% | 39.6% | 26.2% | - | -1.99% | 7.66% | 8.32% |
| Price to Book | 0.41 x | 0.37 x | 0.42 x | 0.44 x | - | 0.36 x | 0.38 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 | 22.34 | 22.34 | 22.34 |
| Announcement Date | 08/04/20 | 15/04/21 | 27/04/22 | 30/03/23 | 29/04/24 | - | - | - |
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 | 18,514 | 17,969 | 19,757 |
| EBITDA 1 | 1,424 | 1,322 | 1,638 | 2,545 | - | 906 | 1,928 | 2,308 |
| EBIT 1 | 612.8 | 555.8 | 876.5 | 865.6 | -3,600 | 34 | 1,230 | 1,071 |
| Operating Margin | 5.42% | 5.28% | 5.51% | 3.51% | -26.58% | 0.18% | 6.84% | 5.42% |
| Earnings before Tax (EBT) 1 | 558.5 | 506.1 | 733.9 | 688.7 | -3,583 | -469 | 626.5 | 911 |
| Net income 1 | 372.9 | 355.4 | 581.8 | 620.1 | - | -296 | 441 | 489 |
| Net margin | 3.3% | 3.38% | 3.66% | 2.51% | - | -1.6% | 2.45% | 2.48% |
| EPS 2 | 3.760 | 3.140 | 5.870 | 6.250 | -28.45 | -5.950 | -0.7600 | - |
| Free Cash Flow 1 | 983.7 | -297.8 | 3,306 | 2,778 | - | -265.4 | 917.9 | 1,054 |
| FCF margin | 8.7% | -2.83% | 20.79% | 11.26% | - | -1.43% | 5.11% | 5.33% |
| FCF Conversion (EBITDA) | 69.08% | - | 201.8% | 109.14% | - | - | 47.61% | 45.67% |
| FCF Conversion (Net income) | 263.84% | - | 568.18% | 447.92% | - | - | 208.15% | 215.54% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 08/04/20 | 15/04/21 | 27/04/22 | 30/03/23 | 29/04/24 | - | - | - |
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 | 3,882 | 5,485 | - | 6,140 | 6,314 | 5,107 | 3,895 | 3,491 | 3,075 | 3,083 | 3,669 |
| EBITDA 1 | 300.2 | 571.6 | - | 1,240 | 267 | -297 | -400.9 | -608 | -348 | - | 167.8 |
| EBIT 1 | 106.9 | 387.1 | - | 1,059 | 82 | -1,431 | -596 | -807 | -550 | -1,647 | -17.2 |
| Operating Margin | 2.75% | 7.06% | - | 17.25% | 1.3% | -28.01% | -15.3% | -23.12% | -17.88% | -53.4% | -0.47% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 339.5 | 853.6 | 800 | -79 | -896.5 | -521.7 | -543 | -658.5 | - | -65.5 |
| Net margin | - | 6.19% | - | 13.03% | -1.25% | -17.55% | -13.39% | -15.55% | -21.41% | - | -1.79% |
| EPS | - | - | 8.610 | - | - | - | - | - | -6.640 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/11/21 | 27/04/22 | 25/05/22 | 22/09/22 | 28/10/22 | 30/03/23 | 22/05/23 | 19/09/23 | 08/11/23 | 29/04/24 | - |
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 | - | 11,092 | 9,768 | 10,449 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.569 x | 2.285 x | 3.043 x | 2.629 x | - | 12.24 x | 5.066 x | 4.527 x |
| Free Cash Flow 1 | 984 | -298 | 3,306 | 2,778 | - | -265 | 918 | 1,054 |
| ROE (net income / shareholders' equity) | 5.43% | 4.34% | 7.61% | 7.35% | - | -3.8% | -1.8% | 6% |
| 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 | - | 1,159 | 1,015 | 961 |
| Capex / Sales | 9.28% | 28.53% | 15.59% | 11.48% | - | 6.26% | 5.65% | 4.86% |
| Announcement Date | 08/04/20 | 15/04/21 | 27/04/22 | 30/03/23 | 29/04/24 | - | - | - |
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
22.34
PLN
Average target price
22.4
PLN
Spread / Average Target
+0.27%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -9.55% | 562M | |
| +18.57% | 40.09B | |
| -.--% | 11.23B | |
| +2.84% | 8.33B | |
| +0.32% | 6.38B | |
| -1.32% | 6.36B | |
| -5.22% | 5.85B | |
| +35.64% | 5.48B | |
| -15.96% | 5.29B | |
| -18.61% | 4.27B |
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- Financials Grupa Azoty S.A.
