Financials JSW SA

Equities

JSW

PLJSW0000015

Coal

Market Closed - Warsaw S.E. 11:55:45 2024-04-26 am EDT 5-day change 1st Jan Change
30.34 PLN -0.30% Intraday chart for JSW SA -8.20% -27.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Capitalization 1 2,510 3,047 4,094 6,829 3,562 - -
Enterprise Value (EV) 1 1,728 3,478 4,601 6,829 -547.3 -269.8 3,562
P/E ratio 3.99 x -1.97 x 4.53 x 0.9 x 2.07 x - -
Yield 8% - - - 6.1% 8.14% -
Capitalization / Revenue 0.29 x 0.44 x 0.39 x 0.34 x 0.25 x 0.24 x 0.22 x
EV / Revenue 0.2 x 0.5 x 0.43 x 0.34 x -0.04 x -0.02 x 0.22 x
EV / EBITDA 0.89 x -5.45 x 2.94 x 0.65 x -0.18 x -0.09 x -
EV / FCF -1.92 x -2.05 x 70.8 x 0.64 x 1.91 x 0.29 x -
FCF Yield -52.1% -48.9% 1.41% 157% 52.3% 351% -
Price to Book 0.3 x 0.44 x 0.52 x - 0.2 x - -
Nbr of stocks (in thousands) 117,412 117,412 117,412 117,412 117,412 - -
Reference price 2 21.38 25.95 34.87 58.16 30.34 30.34 30.34
Announcement Date 3/19/20 3/17/21 3/17/22 3/21/23 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net sales 1 8,672 6,989 10,629 20,198 14,073 14,967 15,860
EBITDA 1 1,940 -638.4 1,567 10,564 3,005 3,086 -
EBIT 1 841.6 -1,743 1,262 9,336 2,015 847.2 1,171
Operating Margin 9.71% -24.94% 11.88% 46.22% 14.32% 5.66% 7.38%
Earnings before Tax (EBT) 1 828 -1,868 1,167 9,389 444 1,974 -
Net income 1 628.9 -1,546 903.7 7,561 1,625 1,278 -
Net margin 7.25% -22.12% 8.5% 37.44% 11.55% 8.54% -
EPS 2 5.360 -13.17 7.700 64.40 14.69 - -
Free Cash Flow 1 -900.2 -1,701 65 10,690 -286.5 -946.1 -
FCF margin -10.38% -24.33% 0.61% 52.92% -2.04% -6.32% -
FCF Conversion (EBITDA) - - 4.15% 101.19% - - -
FCF Conversion (Net income) - - 7.19% 141.37% - - -
Dividend per Share 2 1.710 - - - 1.850 2.470 -
Announcement Date 3/19/20 3/17/21 3/17/22 3/21/23 - - -
1PLN in Million2PLN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2024 Q1
Net sales 1 4,697 2,579 3,873 4,931 5,972 5,146 4,149 4,458 4,139 3,402 3,519
EBITDA 1 1,146 659.2 652 2,636 3,187 2,910 1,831 1,956 1,369 531.1 623.7
EBIT 1 695.8 357.9 1,250 2,308 2,890 2,608 1,530 1,574 961.4 85.4 200.5
Operating Margin 14.81% 13.88% 32.26% 46.82% 48.38% 50.68% 36.88% 35.32% 23.23% 2.51% 5.7%
Earnings before Tax (EBT) 680 - - - - - - - 978 109 -
Net income 1 536.2 252.6 1,008 1,844 2,348 2,136 1,233 1,268 780.6 -1,208 252
Net margin 11.42% 9.79% 26.02% 37.4% 39.31% 41.51% 29.72% 28.45% 18.86% -35.52% 7.16%
EPS - - - - - - - 10.80 6.650 -10.29 -
Dividend per Share - - - - - - - - - - -
Announcement Date 8/22/19 11/18/21 3/17/22 5/19/22 8/30/22 11/28/22 3/21/23 5/22/23 9/6/23 11/22/23 -
1PLN in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2024 2025 2026
Net Debt 1 - 431 507 - - - -
Net Cash position 1 782 - - - 4,110 3,832 -
Leverage (Debt/EBITDA) - -0.6758 x 0.3234 x - - - -
Free Cash Flow 1 -900 -1,701 65 10,690 -287 -946 -
ROE (net income / shareholders' equity) 7.6% -19% 12.2% - 9.3% 2.3% -
ROA (Net income/ Total Assets) 4.38% -10.3% - - - - -
Assets 1 14,344 14,979 - - - - -
Book Value Per Share 2 72.10 58.90 66.90 - 154.0 - -
Cash Flow per Share - - - - - - -
Capex 1 2,041 2,056 1,596 - 3,875 3,284 2,376
Capex / Sales 23.53% 29.41% 15.02% - 27.54% 21.94% 14.98%
Announcement Date 3/19/20 3/17/21 3/17/22 3/21/23 - - -
1PLN in Million2PLN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
30.34 PLN
Average target price
53.87 PLN
Spread / Average Target
+77.54%
Consensus